6 best altcoins to invest in today, May 30 – Render, Pendle, Dogwifhat, Chainlink

adminMay 30, 2024

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The fear/greed score surged to 89 due to rising trading rates following the Bitcoin halving and approval of the Ethereum ETF. This increase in activity has also led to an increase in trading volume. These events have led investors to revise their portfolios in response to optimistic market outlooks.

Moreover, investors continue to look for cost-effective market entry points. Some investors have secured promising investment opportunities by primarily targeting low-cost tokens. However, identifying altcoins with potential requires a huge amount of time and effort. In this article, we have compiled a list of cryptocurrencies that investors should keep an eye on.

6 best altcoins to invest in today

This review provides useful insights for investors looking to evaluate the growth potential of various tokens. A number of tokens, including meme coin Dogwifhat, are currently experiencing an upward trend, providing an opportunity for investors to enter the market.

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1. LidoDAO (LDO)

The price of the LDO cryptocurrency has rebounded and moved higher from the wedge, suggesting a potential breakout from the bullish descending wedge pattern. This means that prices are likely to rise further. The price of LDO also rose to $2.25, soaring 34% YTD and a weekly increase of 5.78%.

Currently, Lido DAO is one of the top five cryptocurrencies experiencing price surges. At the time of writing, LDO price has increased 5.90% over the past month. Over the past week, Lido DAO has seen significant growth, starting from a market price of $1.818.

Lido DAO price chart

Moreover, the Lido DAO protocol has shown significant adoption and success despite the tokens being primarily used for governance. The recent surge was triggered in part by a new factor: the approval of an Ethereum-based exchange-traded fund (ETF).

three #Chainlink highlight @consensus2024 today:
One. @SergeyNazarov Keynote address on Chainlink’s growing momentum as a tokenized asset infrastructure.
2. @carlosdomingo, @securitization We sat down with co-founder and CEO Sergey Nazarov to learn more about how Chainlink is powering it. pic.twitter.com/KcRRqThbDq
— Chainlink (@chainlink) May 30, 2024

LDO was once considered a “dead” coin, but one cryptocurrency analyst pointed out that its price often mirrors trends in Ethereum (ETH) and Bitcoin (BTC). This suggests that the rise in the price of LDO could be linked to a potential rebound in the Ethereum market.

2. Rendering (RNDR)

Render tokens have been attracting attention in the market, with their prices steadily rising over the past six months. As a result, investor interest is increasing. Costs tend to remain relatively high, which suggests a lot of people are taking notice.

Although the price of Render has been stable recently, it is important to remember that significant changes in the market can have a major impact on its position in the cryptocurrency world. Because renders are essential to digital graphics rendering, these changes will impact how much people know about renders and their usefulness.

Render Pricing Chart

The current price of RNDR is $10.02. Last week the price rose 35.72%. Token prices also increased by 52.57% compared to the previous month. Moreover, the post-launch surge rate of RNDR exceeded 25,670%.

Initial community voting on the RNP-000 fix ends tomorrow at 12 PM Pacific Time.
Don’t forget to vote!👇 https://t.co/gc4UZbYUi6
— Render Network (@rendernetwork) May 29, 2024

RNDR’s current trading value is 277.52% higher than its 200-day simple moving average (SMA) of $2.68. Over the past 30 days, RNDR has risen for 18 days, accounting for 60% of the total. This value indicates high liquidity due to its market capitalization.

Current sentiment regarding RNDR’s price forecast leans towards a bullish outlook. The fear and greed index is 72, indicating greed. This means that token trading could increase significantly, potentially driving an upward trend. These positive sentiments create hope and optimism among investors.

3. Dogwave (WIF)

Dogwifhat was trading at $3.54, up 17.7% over the past 7 days and up 33.26% from the previous month. This rise signals renewed investor interest. The total market capitalization of Meme Coins is now $68.2 billion, an increase of 6% over the same period.

Dogwifhat has continued to grow since launch, gaining significant community support, especially during the Q1 meme coin surge. It is currently one of the top 30 cryptocurrency assets by market capitalization, surpassing Filecoin (FIL). Reaching the top 30 is an important milestone for Solana Meme Coin. Especially after a strong first quarter of 2024.

Dogwifhat price chart

Dogwifhat’s market capitalization is now $3.4 billion, with daily trading volume up 50% to $935 million. However, this figure is still lower than the all-time high of $4.85 reached on March 31 amid the meme coin craze that attracted significant investment.

Despite a slight decline over the past 24 hours, investors are bullish on WIF. The market reversal was triggered by the approval of a spot Ethereum ETF and the excitement leading up to this event. Crypto assets have also benefited from support from U.S. lawmakers for cryptocurrency-related legislation.

4. Pendle (pendle)

Recent indicators show increased token trading and rising market confidence. In the past year, Pendle’s price has skyrocketed by more than 1245%. This indicates that the token is performing better than 94% of other top cryptocurrency assets such as Bitcoin and Ethereum.

The current price of PENDLE is $6.17. Over the past month, the token has surged 37.56%. Trading volume over the past 24 hours surged 49.18%, reaching $88,506,866. This shows that although the market value has fallen, there is still significant trading activity.

pendle price chart

Despite a slight decline in the last 24 hours, the token is trading 1245.67% higher than its value last year. It has recorded an increase of 984% since launch. 5he token jas has seen 25 green days in the last 30 days.

Everyone else is farming XP on level 2 Rattatas in Pallet Town, but here’s your chance to maximize your EV farming with a 2x XP boost in Pendle Road.
We need to capture the rate of return🍊 https://t.co/sXdD1Bkj9y pic.twitter.com/tUidLexzpS
— Pendle (@pendle_fi) May 30, 2024

Pendle’s current transaction rate is an impressive 429.98%. This value is above the 200-day SMA of $0.778006. The sentiment around Pendle’s price forecast is bullish, reinforcing its positive outlook. The fear & greed index recorded 64 (greed).

5. Mega Dice (dice)

mega dice It is a well-known cryptocurrency casino that recently launched cryptocurrency. To date, the DICE Telegram community has grown rapidly, recently reaching over 10,000 members. These members engage in daily discussions about the DICE token, its uses, and potential partnerships, and provide technical support to each other.

Although the casino token has not been released yet, it boasts a large support community. Mega Dice has over 50,000 registered users and over 10,000 monthly active players. This existing user base provides a strong foundation for the launch of the DICE token. According to a Telegram announcement, many users are ready to become DICE token holders.

DICE tokens offer a variety of benefits, including daily rewards, limited edition NFTs, and early bird bonuses. These incentives can generate significant interest once the token becomes active. DICE is currently in pre-sale and has raised over $1.2 million, selling 18.2 million tokens at $0.075 each.

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— Mega Dice Casino (@megadice) May 29, 2024

Investors can purchase DICE using SOL, ETH or BNB and immediately take advantage of the benefits offered. Mega Dice’s daily rewards give DICE holders free bonuses based on their daily performance at the casino. The Early Bird Bonus provides early pre-sale participants with additional DICE tokens to enhance their initial investment.

Limited edition NFTs offer special privileges and rewards to select DICE holders who play. mega dice. These NFTs can also be traded for cash on the market. DICE will also offer staking, seamless integration with the Mega Dice Casino ecosystem, and rewarding users for referrals.

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6. Chainlink (link)

Chainlink functions as a platform that supports multiple blockchains. The protocol remains popular among institutional investors and individual traders. Its current estimated value is approximately $16 billion. Over the past seven days, the altcoin has surged more than 10%, reaching around $18.25.

Recent data shows an increase in address holders. There are currently over 100,000 LINK tokens, representing a 4.6% increase in address holders over the past six weeks, for a total of 564 addresses. Chainlink network is renowned for its secure and scalable oracle services in the web3 ecosystem.

Chainlink price chart

The project recently partnered with the Depository Trust and Clearing Corporation (DTCC). A key player in the global securities settlement system recently completed a pilot project called Smart NAV with Chainlink. The collaboration involves major U.S. financial banks and aims to improve the tokenization of existing financial funds.

three #Chainlink highlight @consensus2024 today:
One. @SergeyNazarov Keynote address on Chainlink’s growing momentum as a tokenized asset infrastructure.
2. @carlosdomingo, @securitization We sat down with co-founder and CEO Sergey Nazarov to learn more about how Chainlink is powering it. pic.twitter.com/KcRRqThbDq
— Chainlink (@chainlink) May 30, 2024

DTCC announced the completion of the Smart NAV Pilot Program on Thursday, May 16. The goal was to standardize the NAV data funding method across various blockchain platforms. This was achieved by leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP).

Despite the price surge, the token is struggling to break above the critical barrier of $16.50. However, experts suggest that $LINK could target the $22.00 resistance level if buyers keep the price above this point. Therefore, investors can keep an eye on the token for high ROI.