6 Best Altcoins to Invest in Right Now July 30 – Convex Finance, Dogwifhat, Ordi, Bittensor

adminJuly 31, 2024

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The positive outlook for the market has led to a marked increase in investor confidence. This surge has led to investors Best Altcoins to Invest in NowWith the expectation of a bullish trend, Altcoins have become increasingly attractive to investors looking for diverse investment opportunities.

However, choosing the best altcoin requires careful consideration and extensive research. This article aims to simplify the decision-making process. It does so by highlighting some notable altcoins that are worth considering for investment.

6 Best Altcoins to Invest in Right Now

As several events have come to a head, prices of several altcoins, such as Dogwifhat, ORDI, Convex Finance, and Bittensor, have become attractive investment options. This renewed interest in alternative cryptocurrencies is increasing investor confidence. It has also led many investors to actively review and adjust their portfolios.

Compared to Bittensor’s strong performance and CVX’s low volatility, Shiba Shootout offers an intermediate choice with high potential. It is a mobile game that combines the Wild West theme with blockchain technology. It is structured so that players can earn SHIBASHOOT tokens as a reward for playing.

1. Vitensor (TAO)

Bittensor combines blockchain technology and machine learning to enhance the development, sharing, and monetization of AI. As an open source distributed network, it allows models to learn collaboratively, with participants earning TAO tokens based on the value of the information they contribute. The platform leverages distributed ledgers to optimize AI development and deployment, promoting open access, decentralized governance, and efficient use of global resources.

Additionally, Bittensor has shown a 25% increase in the last 30 days, showing a strong market presence with high liquidity and a volume to market cap ratio of 0.1063. The 14-day Relative Strength Index (RSI) is 56.85, indicating a neutral market sentiment. Additionally, the network experienced 19 green days last month, showing a solid market presence with a volatility of 14%.

Vitensor price chart

Meanwhile, Bittensor’s open source repository promotes global innovation by distributing rewards based on network ownership and the value each participant adds. The native cryptocurrency, TAO, encourages participation by providing fair rewards for contributions that enhance the network’s intelligence. This system allows users to access and leverage the collective knowledge available within the network.

Massive security upgrades and successful integration of Ledger support into Dev-Net.
Following the attack, a massive effort is underway to recover significant amounts of TAO from exchanges.
Check out our latest Community Q&A for more details: https://t.co/nbhPmK5tFb pic.twitter.com/yZoLlozU6t
— Openτensor Foundation (@opentensor) July 27, 2024

Moreover, TAO has shown an impressive 275% gain in the past year and is currently trading at $321.56. This performance distinguishes it as a high-growth asset, outperforming 79% of the top 100 cryptocurrencies. This high-yield scenario is ideal for investors who are comfortable with greater volatility while seeking significant returns.

2. Shiva shootout (Gunfight)

Compared to Bittensor’s strong performance and CVX’s low volatility, Shiva shootout It offers a mid-level option with high potential. It is a mobile game that combines the theme of the Wild West with blockchain technology. It is structured so that players can earn SHIBASHOOT tokens as a reward for playing.

Additionally, players can earn these tokens by participating in activities such as meme-making duels, poker tournaments, and virtual treasure hunts. The main feature of Shiba Shootout is that it is a Play-to-Earn (P2E) mobile game. The basic version of the game is available on Google Play and the App Store, providing early investors with an early preview of the concept.

Meanwhile, the game’s ecosystem includes Cactus Staking, which offers high annual percentage yields (APY). There’s also Lucky Lasso Lotteries, which brings a unique element to the play-to-earn model. Shiba Shootout combines gaming and blockchain technology, offering a variety of opportunities to earn and participate within the game.

Boom!!! 🎉
Another huge achievement #shivasuit 🐶
We successfully raised over $800,000! 💵
excitement with #shivasuit We’re still growing, so stay tuned for more updates! 🚀 pic.twitter.com/l6hZyaHhjk
— Shibashootout (@shibashootout) July 29, 2024

Additionally, the SHIBASHOOT token pre-sale generated over $853,145 in revenue. Shiva shootout We aim to foster a strong community by offering significant benefits to early adopters, such as staking rewards and leaderboard bonuses. Investors are encouraged to participate in the presale now, as it is trading at a reasonable $0.197. The token is structured to increase in value within 3 days.

Shiba Shootout Pre-Sale Visit

3. Dogwipart (WIF)

The Solana ecosystem is gaining momentum, and Dogwifhat (WIF) is leading the pack. WIF is currently trending upwards, emerging as the third largest meme coin by market cap. In the past seven days, WIF has surged 59%, surpassing PEPE to become the 39th largest coin by global market cap.

As of today, Dogwifhat is at $1.23, recording 1274% of the YTY rally. Moreover, the market sentiment is bullish, with a Greed score of 75 indicating a positive investor outlook. Last month, Dogwifhat recorded an impressive 17 consecutive green days. During this period, the closing price was consistently slightly above the opening price.

Dogwit Price Chart

In addition, Dogwifhat’s bullish trend is reflected in the Relative Strength Index (RSI). The token remains firmly within the bullish range. In addition, the Directional Movement Index (DMI) supports this bullish sentiment, indicating a strong uptrend for the meme coin.

We are united.$WIP pic.twitter.com/pRfmCYuHe5
— dogwifcoin (@dogwifcoin) July 28, 2024

Therefore, analysts predict that Dogwifhat will continue its upward trajectory in the coming days. Dogwifhat is expected to reach a new all-time high of $5 soon. Likewise, ambitious predictions suggest that it could reach double-digit prices before the end of the year. This reflects the growing optimism surrounding the prospects of the meme coin.

4. Base DWAGZ

Base Dogs It differentiates itself by leveraging the platform’s unique approach and features. It has attracted significant attention, raising over $2.7 million thanks to its expanded community and multi-chain compatibility. The token supports multiple blockchain networks, including Base, Ethereum, Solana, Binance, and Avalanche.

Additionally, Base Dawgz efficiently manages blockchain bridges by leveraging Wormhole and Portal Bridge protocols. This approach eliminates the need for manual transfers. It also improves user experience by making transactions between different networks seamless and simple.

As of today, the price of DAWGZ is $0.007061 and is expected to increase over the next two days. The project’s growth momentum is reflected in its Telegram channel with over 3,500 members. This strong community support, combined with its innovative features, makes Base Dawgz a promising cryptocurrency investment.

We’d like to hear from you. $Dagz Community.
Besides the pre-sale ending early, is there anything else you would like to see implemented by the Base Dawgz team? We would love to see all the areas where we can improve together with the community. pic.twitter.com/mh9irxQU56
— BaseDawgz (@BaseDawgz) July 30, 2024

Overall, Base Dogs Integrates a Share-to-Earn system into the ecosystem. This strategy rewards meme creators and content creators with DAWGZ tokens. The initiative also encourages a loyal and engaged community by providing incentives for content creation and sharing.

Visit Base Dawgz Pre-Sale

5. Convex Finance (CVX)

Convex Finance plays a central role in the decentralized finance (DeFi) ecosystem by amplifying the influence and rewards of Curve liquidity providers in competitive “Curve Wars.” This innovative protocol allows CRV holders and Curve liquidity providers (LPs) to maximize their returns and increase their influence without staking directly on Curve. By staking through Convex, users gain access to higher CRV rewards and additional liquidity mining incentives.

Convex Finance Price Chart (1)

Convex Finance’s innovation is also based on its ability to pool liquidity from multiple stakers, allowing smaller investors to enjoy significant benefits. These benefits include enhanced rewards, a share of transaction fees, and acquisition of valuable CVX tokens. Furthermore, Convex Finance is well-protected by a robust security framework, including comprehensive auditing and a multi-signature treasury for additional protection.

Make WETH work harder. 🚜 Fixed 7.22% rate, no period. No surprises. #Ethereum #ReFiYourDeFi pic.twitter.com/XZj2DVyxHG
— Inverse (@InverseFinance) July 24, 2024

Despite a 22% year-to-date price decline, CVX has recorded a 15.88% gain in the last 24 hours, with a volume to market cap ratio of 0.2931, indicating a stable short-term performance. The 14-day Relative Strength Index (RSI) of 52.22 suggests a neutral market stance. CXV has also proven its potential with 15 green days and 12% volatility over the past month.

6. ORDI

As the market shows signs of growth, ORDI is gaining attention with its upward trend. ORDI is currently valued at $37.25 and has gained 480.53% over the past year. This increase indicates bullish sentiment among investors. This is further supported by the Fear & Greed Index indicator at 77, indicating extreme greed.

Ordi price list

In addition, ORDI is trading significantly above its 200-day simple moving average. This puts Ordinals at 87.18% above its 200-day SMA, showing strong performance. The token’s high liquidity is also evident through its significant market capitalization.

Due to its solid fundamentals and strong community support, ORDI offers promising potential for future growth. Analysts predict that the coin price could reach $42.51 by 2024, thanks to collaborations with other networks. This prediction reflects confidence in ORDI’s trajectory and highlights its position for further success.