Best Cryptocurrencies to Buy Right Now June 18 – XRP, Oasis, GateToken

adminJune 19, 2024

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Discover Best Cryptocurrencies Worth Buying now. Get expert insight into which coins are performing best to make informed investment decisions.

Today’s cryptocurrency market is in a bearish trend, with major coins such as Bitcoin and Ethereum holding steady. Moreover, price fluctuations in altcoins provide the opportunity to earn higher returns at the expense of increased risk. Investors should carefully weigh the inherent volatility and potential profits of these altcoins. Monitoring these changes is essential to making smart investment choices when the market moves.

Best Cryptocurrencies to Buy Now

This analysis provides traders with valuable insights to evaluate the growth potential of these tokens. Among these tokens is Ripple, which recently announced an expanded collaboration with Archax and aims to bring hundreds of millions of dollars of tokenized real-world assets (RWA) to the XRP Ledger over the next year.

Meanwhile, Base Dawgz has secured over $1.7 million during the pre-sale at a price of $0.00527, with DAWGZ tokens set to increase by 5% in 6 days. Pendle also saw a significant surge in Total Value Locked (TVL), increasing from $200 million to approximately $6.5 billion.

1. Ripple (XRP)

Ripple recently announced an expanded collaboration with Archax, with the goal of bringing hundreds of millions of dollars of tokenized real-world assets (RWA) to the XRP Ledger over the next year. This partnership establishes XRPL as an important blockchain for RWA tokenization.

Archax also specializes in working with financial institutions to tokenize RWA. Through this collaboration, these institutions can now choose XRPL for their tokenization needs. This move is expected to create a variety of downstream opportunities for these assets.

According to CoinMarketCap, the current price of XRP is $0.499, reflecting a slight intraday gain of 0.28%. Last week, XRP showed a positive trend, rising 2.67%.

XRP price chart

XRP’s trading volume surged 107.55%, surpassing $2 billion. This increase is mainly due to increased trading activity on major cryptocurrency exchanges.

Additionally, XRP is trading above its 200-day simple moving average (SMA) and above its 200-day exponential moving average (EMA). Trading above these long-term moving averages often indicates a bullish trend and suggests the potential for positive developments for XRP soon.

Introducing Ripple USD (RLUSD): A 1:1 USD-backed stablecoin that brings transparency and stability to the XRP Ledger and Ethereum. It will be released later this year.
Register to receive the latest stablecoin news, content and availability: https://t.co/ifguG77bO6
— Ripple (@Ripple) June 12, 2024

Additionally, Ripple plans to launch a new stablecoin, RLUSD, on both the XRP Ledger and the Ethereum main chain. The company attributes this decision to the growing demand for stablecoins and its expertise in cross-border payments.

This collaboration and the upcoming stablecoin launch highlight Ripple’s strategy to enhance the utility and adoption of XRPL while meeting the evolving needs of the financial sector.

2. Oasis (pink)

Oasis is a blockchain that solves two key challenges: scalability and confidential computing. At its core is Sapphire, an innovative platform that supports Web3 and decentralized AI development with a focus on privacy. This allows developers to build applications (dApps) that prioritize data confidentiality on Oasis or other EVM-based chains.

The network operates using ROSE, which provides a variety of functions including handling transaction fees, enabling staking and delegation for validators, and participating in governance decisions. The platform is known for its layered architecture, making it versatile for a variety of applications.

rose price chart

Oasis also integrates rollups directly into the consensus layer, improving scalability and performance. The current ROSE price is $0.09607, down 10.49% in the last 24 hours.

Nonetheless, the token has risen 4.37% over the past month. The market cap ensures high liquidity while also trading well above its 200-day moving average, indicating strong market interest.

Secure, scalable, and privacy-preserving AI doesn’t have to be difficult.
(Because we made it easy) pic.twitter.com/rZXDv2cPjQ
— Oasis (@OasisProtocol) June 17, 2024

Investor sentiment for Oasis is bullish, with a Fear and Greed Index score of 74, indicating the greed of traders. The 14-day relative strength index (RSI) of 52.68 indicates that the token is in a neutral phase and could potentially see a sideways price move in the near term.

3. Gate Token (GT)

GateToken is gaining traction in the cryptocurrency market as it aims to make peer-to-peer payments easier and simplify financial services. It gives users more control over their money and seeks to reduce market ups and downs.

The platform uses smart contracts, which are automated contracts that process fund transfers and transactions at set prices. GT, an ERC-20 token, is used for payments on the Gate.io platform and offers benefits such as low transaction fees and access to premium features.

The platform is also fast, processing transactions in just 4 seconds and processing up to 2,745 transactions per second (TPS). It also keeps transaction fees low at around $0.0001 each. At press time, GT’s price is $7.91, up slightly by 0.57% over the past 30 days.

GT price chart

In six months, the token has surged 49.99% and is trading well above its 200-day simple moving average (SMA) of $4.16. Market sentiment towards GateToken is positive, with a Fear and Greed Index score of 74 (Greed). The 14-day relative strength index (RSI) is 55.36, suggesting that the market is neutral and may trend sideways.

Additionally, the token has experienced 17 green days in the past month. GateToken is a powerful option for fast, low-cost trading that gives users more control and aims for stable market performance.

4. DAWGZ

bass dogs It was recently launched and has quickly proven its potential to spread word of mouth within the cryptocurrency community. This project introduces meme characters familiar to many in a new scenario involving base jumping. This theme is consistent with the platform’s key functionality, facilitating seamless “base jumping” or asset transfers across multiple blockchains.

Supports transfers between Base and major blockchains such as Ethereum, Solana, Avalanche, and Binance Smart Chain. The project has achieved impressive initial success. We raised $200,000 on the first day and reached $1 million within a week.

It has now secured over $1.7 million during pre-sale. DAWGZ token, with an initial price of $0.00527, will increase by 5% in 6 days. According to the whitepaper, Base Dawgz is launching a “Be Social for Airdrop” campaign where users can earn reward points by creating and sharing content on the project’s X channels.

These points can be exchanged for bonus DAWGZ tokens after the pre-sale. Additionally, the total token supply of Base Dawgz is 8,453,000,000 DAWGZ. The pre-sale rewards early participants by gradually increasing the token price.

The token economics plan strategically allocates the total supply to maximize impact, with 20% of tokens available. Another 20% is used for staking and 20% is reserved for liquidity. The remaining 40% is divided into marketing (15%), community rewards (15%), and listings (10%).

furthermore, dogs We aim to provide users with a new and engaging way to transfer assets across multiple blockchains, while leveraging viral marketing strategies and careful tokenomics planning to support growth and adoption.

Visit Base Dawgz Presale

5. PENDLE

Pendle is a DeFi platform that allows users to trade the future returns of an asset separately from the asset itself. This means that you can sell the interest or profits expected from an investment before it occurs. Pendle’s system supports assets that fall in value over time, making it easier to trade for future profits.

Pendle saw a huge surge as its Total Value Locked (TVL) increased from $200 million to about $6.5 billion. Since its launch, Pendle has processed over $20.8 billion in transactions and delivered variable returns on a variety of assets, including 4.02% for stETH, 21.3% for eETH, and 20.19% for rsETH.

pendle price chart

Moreover, the price of PENDLE has been rising steadily in recent months. The token price rose 4.40% in one month, 82.22% in three months, and 349.35% in six months. It is currently trading above the 200-day simple moving average, indicating strong market support. The protocol has high liquidity, reflecting its strong market capitalization.

Additionally, the number of active users on the Pendle platform is increasing. The token is currently in a mild bullish trend, but has potential for growth in the future. Pendle’s unique approach to future yield trading brings something new to the DeFi space. Recent growth and increasing user base point to a promising future.