Best Cryptocurrencies to Buy Right Now May 7 – Tellor, Jupiter, Jito

adminMay 8, 2024

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Cryptocurrency traders are constantly looking for the most. promising coin This article highlights several cryptocurrencies with high buyer potential.

We are witnessing an increase in cryptocurrency adoption, Ethereum is aiming to add an update to the use of cryptocurrency wallets, and Bitcoin ETFs are seeing another influx. Although the overall cryptocurrency market capitalization fell slightly during the day, trading volume increased, strengthening investor confidence. Other market participants are also catching on to this trend and looking for the best cryptocurrencies to buy now. This article attempts to simplify your search by providing a curated list of these digital assets.

Best Cryptocurrencies to Buy Now

Over the past six months, Render has seen incredible growth, with its price soaring 345%. Recently, Jupiter unveiled its integration with Clone, allowing users to trade non-native assets on the Solana blockchain. Recent data shows that TRB has surged more than 22% in the past 24 hours, reaching around $110.79.

1. Rendering (RNDR)

Render has experienced significant growth over the past six months, with its price soaring 345%. The token showed a strong upward trend last week, rising 31.68%. It is currently trading between $7.84 and $10.96, with major resistance expected at $12.04 and support at $5.80.

The relative strength index (RSI) is 61.34, highlighting strong buying momentum. If this trend continues, RNDR may attempt to break through the resistance level and continue its rise. As of today, Render’s price is $1059, boasting an intraday increase of 5.81%.

Market sentiment towards Render tokens remains bullish, as evidenced by the Fear and Greed Index of 68 (Greed). Within the Ethereum (ERC20) token sector, RNDR ranks 9th and within the AI cryptocurrency sector it ranks 1st. Over the past year, Render Token has seen an impressive price surge of 455%, outperforming 88% of the top 100 cryptocurrency assets, including Bitcoin and Ethereum.

RNDR price chart

The token trades above its 200-day simple moving average and has seen 15 positive trading days out of the last 30 days, reflecting a 50% green day. In addition, it is trading near the peak of the cycle and is considered highly liquid based on market capitalization.

According to analysts, Render is poised to maintain momentum and potentially hit new all-time highs due to strategic expansion and consolidation. The forecast is optimistic, with expectations for continued growth driven by smart market strategies, expanding ecosystem utility, and growing investor interest in Render’s innovative projects.

2. Jupiter (JUP)

Jupiter recently announced an integration with Clone to allow users to trade non-native assets on the Solana blockchain. Tokens like DOGE, ARB, OP can be easily traded with minimal fees without tying these assets.

Jupiter allows users to seamlessly exchange any token and clAsset, increasing flexibility and accessibility within the platform. This integration simplifies the exchange of various assets, making it more convenient and cost-effective for Jupiter users.

JUP price chart

Jupiter specializes in providing critical liquidity infrastructure to the Solana ecosystem. With the altcoin market showing strength, token prices have risen significantly. It has increased by 22.45% over the past week, reaching a market capitalization of $1.53 billion. This surge in value pushed the price of JUP to $1.139551, with trading volume reaching $272.67M in the last 24 hours.

.@CloneProtocol Integrated into Jupiter Routing.
This allows non-Solana non-native assets such as DOGE, ARB, OP to be traded seamlessly with low fees without the need to bridge.
With Jupiter, you can now easily swap from any token to any clAsset. pic.twitter.com/JHgtvNw7o6
— Jupiter 🪐 (@JupiterExchange) May 6, 2024

Additionally, the price of JUP token is up 34,205.23% above the 200-day simple moving average (SMA). This significant increase reflects the heightened interest and trading activity surrounding Jupiter. Investor sentiment remains bullish on Jupiter, as evidenced by the Fear and Greed Index reading of 68, which indicates the state of greed within the market.

This sentiment is consistent with Jupiter’s bullish price forecast, which predicts the token’s value to reach $1.80 and even reach $2 if the current upward trend continues. Moreover, Jupiter’s main challenge is to exceed the critical resistance level. If the ongoing upward trend can break this resistance line, it could pave the way for further price rises.

3. 99 Bitcoin (99BTC)

99Bitcoin We have launched our native token, 99BTC, with a significant airdrop event planned. The platform has served as an educational hub for Bitcoin and altcoin enthusiasts for over a decade, and is now venturing into cryptocurrency offerings.

US $99,999 $BTC #airdrop It’s getting hotter, and the clock is ticking! ⏰
Make sure you complete all steps to increase your chances of becoming one of the 99 lucky winners! 🔥
Get started now! 👉 https://t.co/ZXji0s6ACe#99Bitcoin #rope #Coinbase pic.twitter.com/cHRJ95Tpa3
— 99Bitcoins (@99BitcoinsHQ) May 7, 2024

The plan includes an airdrop of $99,999 worth of Bitcoin to community members to celebrate the launch of the 99BTC token. This distribution will benefit 99 participants selected from participants who meet certain entry requirements.

The airdrop event is scheduled to take place on July 19th of this year, and interested individuals will have 76 days from the current date to become eligible to participate. The process involves completing a series of tasks outlined by 99Bitcoins, each of which increases your chances of becoming one of the lucky 99 recipients.

This announcement follows a successful pre-sale campaign that raised more than $1 million. 99BTC You can get your tokens in just 4 weeks. The token gained attention through extensive promotion across various popular cryptocurrency media outlets.

Visit 99Bitcoin Presale

4. Teller (TRB)

Tellor is a decentralized oracle network that provides external data to blockchain-based applications, especially decentralized finance (DeFi) applications. The purpose is to securely bring off-chain information onto the blockchain so that smart contracts can access real-world data.

Recently, Tellor has seen notable growth potential due to its unique technology and increasing adoption within DeFi projects. Investors view TRB as an attractive investment opportunity.

TRB price chart

As of the latest data, TRB has surged over 22%, reaching around $110.79 in the last 24 hours. Additionally, Tellor’s Total Value Locked (TVL) exceeded $5 million on May 3, 2024. Tellor Crypto’s current market capitalization is approximately $284,668,810, with a trading volume down 4.64%.

Tellor’s recent rise in value coincides with increased activity in large-scale cryptocurrency trading involving TRB. Santiment noted a surge in active addresses and significant transactions. Active addresses increased from 131 on May 1 to 212 on May 6. 16 active addresses participated in significant investments, increasing transactions by more than $100,000.

Market action indicates strong investor interest in TRB. This appears to be driven by perceived profitability and robust market dynamics. This trend reflects the growing importance of decentralized oracle networks like Tellor in supporting the expanding DeFi ecosystem.

5. JTO

As reported by DappRadar, Jito emerged as the leading decentralized finance (DeFi) protocol on the Solana Network last week, with total traded volume (TVL) reaching $1.04 billion. This significant growth led to a notable surge in the Jito token price, rising 8.5% during the day.

The token is currently trading at $3.75 and is up 2.89% intraday. Market sentiment on Jito’s price prediction remains bullish and is consistent with its Fear and Greed Index score of 68 (Greed).

JTO price chart

Jito is also said to be working on creating “Solana’s Eigen Layers,” with the goal of achieving the same success and excitement that the Eigen Project’s layered solutions have created. If Jito’s team can successfully execute on this vision, we can expect a similar level of excitement and interest for Jito.

Zito just surpassed 10 million $SOL It has been staked and is now in the best position. @Solana In TVL.
We would like to thank our community and all the other teams working through the bears. we see you
Acceleration 🤝 pic.twitter.com/OXqavMIVvl
— Jito (@jito_sol) May 2, 2024

However, the concept of re-staking has not yet gained much traction and the recent failed airdrop has not contributed positively to short-term performance. Over the past 30 days, Jito’s token has seen positive price movements for 15 days, indicating strong momentum and interest. Jito also boasts high liquidity, as evidenced by its market capitalization.