Best Cryptocurrencies to Buy Now May 6 – Filecoin, Manta Network, Fantom

adminMay 6, 2024

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This article explores. Altcoins for potential growthUnique features, recent market performance, potential real-world usage, and community engagement are analyzed in detail.

Despite market uncertainty this year, cryptocurrencies continue to attract investors seeking high returns. Some cryptocurrencies have shown strength, prompting investors to look for altcoins with potential each day. This article provides timely insights on the best cryptocurrencies amid market volatility. These highlighted tokens offer favorable risk-reward ratios through intensive data-driven fundamental analysis.

Best Cryptocurrencies to Buy Now

Manta is expanding its ecosystem by integrating with other blockchain participants. We recently partnered with A51 Finance to drive the advancement of decentralized finance (DeFi). Likewise, Fantom introduced a $6.5 million incentive program for FTM tokens to support more secure meme coin projects.

AR has also seen a surge in investor interest, with its price rising 10% last week. According to Clark Moody’s Bitcoin Dashboard data, Bitcoin We reached a significant milestone by recording our 1 billionth transaction.

1. Manta Network (MANTA)

Positively, starting this month, Manta is integrating with other blockchain players to strengthen its ecosystem. For example, A51 Finance integrated with Manta Network to fuel the development of the Decentralized Finance (DeFi) space. This partnership brings OraProtocol’s On-chain AI Oracle (OAO) to Manta Network’s Manta Pacific platform.

Additionally, this development introduces scalable and verifiable AI inference. Therefore, it provides developers with the tools to build Large Language Model (LLM)-based applications on blockchain.

manta price chart

Additionally, this collaboration enhances DeFi by integrating A51’s liquidity automation solutions with Manta’s scalable layer 2 network. It also aims to open new opportunities for liquidity providers (LPs) to benefit from higher annual percentage rates (APRs), yields and additional rewards.

Meanwhile, Manta saw market performance improve in May as the cryptocurrency market recovered from a lull. Manta Network’s token is trading at $1.867176, a gain of 7.28 over the last intraday session. The data shows a bullish tone as Manta trading closes its cycle high at $1.887090.

🌊 @A51_Fi officially joined #Manta Pacific The ecosystem is revolutionizing the DeFi experience with cutting-edge liquidity automation solutions.
Discover new pools and opportunities on Manta today: https://t.co/Bvz69vo2K1 https://t.co/mAEZEEs2sy
— Manta Network(🔱,🔱) #MantaRenewParadigm(@MantaNetwork) May 4, 2024

With further insight, the Fear and Greed Index is at 71, indicating an increase in trading compared to last month. Additionally, the token has shown stable performance with positive results for 15 days to date. This stability and solid liquidity relative to market capitalization creates a strong foundation for future growth.

In light of this, investors expect that if further cooperation continues, the price of MANTA could rise above $4.93 by 2024. Likewise, if favorable market trends continue, the average price could stabilize around $4.40 over the same period.

2. Arweave (AR)

Arweave also joined the bullish wave, capturing investor attention with a 10% price increase last week. AR’s current value of $39.54 reflects 8.92% in the last 24 hours. The market capitalization also increased by 8.74% to approximately $2.58 billion, and trading volume also surged by 44.13%.

Additionally, Arweave’s price has surged 435% year to date, outperforming 90% of the top 100 cryptocurrencies. Meanwhile, it is 520.12% above the 200-day SMA of $6.37, indicating strong momentum.

AR price chart

Over the past month, Arweave recorded price increases for 17 days, accounting for 57% of the total. According to the cryptocurrency market fear and greed index, the current investment sentiment is 71, reflecting a greedy atmosphere.

A construction frenzy is underway on ao and Arweave! 🏗️ Catch up @PSkinnerTech In this episode of The Testnet Show. pic.twitter.com/xG5ht35yDS
— ao (@aoTheComputer) May 5, 2024

Technically, Arweave has established a support level of $28 and is advancing towards the next target of $44 on the back of strong trading volume. As Bitcoin remains strong, AR is expected to continue to grow. Arweave offers a strong investment case based on continued upside and strong market performance.

3. Winner AI (WAI)

Winner AI The combination of dog meme culture and artificial intelligence is gaining a lot of attention in the cryptocurrency community. This project offers more than just entertainment value. We aim to provide practical benefits to users by utilizing AI technology. One of the key aspects of WienerAI is its commission-free trading platform, which promises significant rewards of up to 858% APY for token staking.

Unlike existing meme coins, WAI plans to evolve into a useful tool for investors by integrating AI-based functions into the platform. 30% of the total 69 billion WAI token supply was allocated to the pre-sale, which attracted significant interest.

Early investors staked over 1.2 billion tokens and received over 620WAI in rewards. The current price of WAI is $0.000704 per token, and the price is expected to rise once the pre-sale funding target of $1,405,303 is completed in the next two days.

A huge milestone!
Wait until you see what we have in store.
🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭 pic.twitter.com/Yv8qfK053K
— WienerAI (@WienerDogAI) May 4, 2024

As well as, Winner AIOur vision includes incorporating predictive AI technology to improve the cryptocurrency trading experience for our community. The plan has resonated with investors seeking innovative and potentially lucrative opportunities in the cryptocurrency space. The project’s success will depend on its ability to deliver on the promise of utility and AI-based features beyond its meme coin origins.

Visit WienerAI Presale

4. Phantom (FTM)

Phantom has suffered setbacks since the cryptocurrency market crash in March, losing nearly half its value. But recent developments suggest a recovery is possible. The Phantom Foundation, led by CEO Michael Kong, announced a $6.5 million incentive program in FTM tokens to promote more secure meme coin projects.

This initiative aims to encourage developers to create meme coins that prioritize safety and fairness on Fantom. At the MemeGlobal event in Sydney, Kong outlined Fantom’s strategy to attract Meme coin traders by offering a prize pool of 10 million FTM. The goal is to create a secure ecosystem that resonates with user preferences, DeFi, NFTs or meme coins.

FTM price chart

Kong also emphasized the importance of democratic token distribution to prevent concentration of ownership among minority holders. Moreover, FTM has shown remarkable resilience despite recent price fluctuations, rising 6.07% in the last 24 hours. Although the current value of $0.7261 is lower than previous levels, this performance instills confidence in the coin’s future.

🚀 Exciting news @MemeGlobal_!
our ceo @MichaelFKong announced #fantasy Meme Season competition with a prize pool of 10 million FTM for Memecoin holders and teams.
🙌 More details to come soon. pic.twitter.com/lT8ogsjYhH
— The Phantom Foundation (@FantomFDN) April 30, 2024

Analysts are mainly optimistic if Fantom announces collaborations with other networks. In an optimistic scenario, predictions suggest that the coin could surpass $1.73 in 2024, otherwise it could average around $1.56. In a bearish scenario, the value of the coin could fall to $1.46.

Given the strong community support and strategic initiatives to create a more secure and diverse cryptocurrency environment, FTM’s potential looks promising. The success of the project will depend on our ability to deliver on these commitments amid evolving market conditions.

5. Filecoin (FIL)

Filecoin recently rebounded, surging to $9.32 after falling 26% over the past month. Amid bullish signals from market indicators such as RSI and MACD, the coin is approaching the crucial $10 mark, indicating potential for further upside.

Additionally, market analysts are optimistic about FIL’s future and expect it to rise to $13.43 by the end of this year. This optimistic outlook can be seen in recent market trends, with the token price currently at $6.32, a surge of 5.36% in the last 24 hours.

FIL price chart

FIL has surged another 9.13% over the past week, showing solid upward momentum. Despite the recent uptrend, sentiment on FIL’s price forecast is mixed, with some indicators showing a bearish outlook. However, the current Fear and Greed Index is 71 (Greed), suggesting continued interest and optimism from investors.

According to ‘Status of Filecoin in the first quarter of 2024’ @MessariCrypto According to the report, approximately 1,900 PiB was stored on the Filecoin network through active transactions in the first quarter of 2024, representing a growth rate of 9%.
As the industry embraces the benefits of distributed storage, #filecoin Remains in… pic.twitter.com/w1QOMvxkBZ
— Filecoin (@Filecoin) May 5, 2024

Additionally, the token consistently trades above its 200-day SMA. Over the past 30 days, we have experienced 16 “green” days, which indicate positive market movements. Filecoin’s liquidity remains solid, supported by its market capitalization. This makes Filecoin one of the best cryptocurrencies you can buy right now.