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Best Cryptocurrencies to Invest in Right Now May 18 – Optimism, Jupiter, Ronin

adminMay 19, 2024

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Recent movements in the cryptocurrency market suggest a bullish trend, with several altcoins making significant gains and raising expectations of significant returns. This article analyzes tokens expected to see significant growth, providing insight into the factors driving their potential upside.

The best cryptocurrency to invest in right now

ORDI proved profitable with a price of $41.31, up 10.09% in the last 24 hours. Meanwhile, the price of RON is $2.79, showing a 3.90% increase over the same period. Additionally, Optimism has recently garnered significant investor interest due to its promising developments. It showed impressive network metrics and saw OP token value rise by 9%.

1. ORDI

ORDI allows users to inscribe digital content on each satoshi of Bitcoin using the Ordinals protocol. The protocol provides a secure, decentralized way for creators, artists, and businesses to authenticate and protect their intellectual property. Additionally, the platform enhances data privacy and security through advanced encryption technology.

The decentralized verification system eliminates intermediaries, giving users full control over their content and ensuring that content cannot be changed without consent. ORDI also serves traders and investors by enabling trading on various cryptocurrency exchanges.

The recent listing on Binance has improved tradability, marking an important milestone for our market presence. The token showed profitability with a price of $41.31, up 10.09% over the last 24 hours.

ORDI price chart

For those interested in digital art, collectibles, and unique blockchain assets, the integration of ORDI and NFTs presents a significant opportunity. However, the current price forecast sentiment for the token is bearish. Nonetheless, the Fear and Greed Index reads 73 (Greed). It is trading above the 200-day simple moving average.

Moreover, the token has experienced 15 green days in the last 30 days and is trading near its peak cycle, indicating high liquidity relative to its market cap. Analysts predict that the price could exceed $152.51 by the end of the year if ORDI announces collaborations with other networks and cryptocurrency market trends remain strong.

2. Jupiter (JUP)

Jupiter has emerged as a prominent liquidity aggregator in the cryptocurrency market. Unlike many other cryptocurrencies, Jupiter provides a significant governance role that allows users to actively participate in the decision-making process regarding sanctions, approvals, and voting.

The token has maintained a prolonged price surge, indicating strong market control by bullish traders. This continued rise suggests continued market interest, especially as traders shift their focus to stable and tradable cryptocurrency tokens.

JUP price chart

JUP provides critical liquidity infrastructure to the Solana ecosystem. Over the past month, the token price has risen 39.12%, surpassing $1.7 billion in market capitalization. The current price of JUP is $1.29, with a trading volume of $241 million in the last 24 hours.

Moreover, analysts predict that the price of Jupiter will continue to rise, potentially reaching as high as $2 if the current trend continues. With solid liquidity metrics, JUP is positioned to potentially have a good year. Experts suggest that this could be one of the best cryptocurrencies to consider investing in.

3. Ronin (RON)

Ronin is a blockchain network dedicated to gaming. Transaction speeds of just 1 second and processing fees are very low, making it the best cryptocurrency for in-game transactions on Web3. This design choice aims to support the smooth operation of millions of transactions within the gaming ecosystem.

Additionally, Ronin ranks second only to Ethereum in terms of NFT sales volume. Despite many other chains, Ronin stands out as the only platform that accommodates one game with millions of players without affecting functionality.

RON price chart

At the time of writing, the price of RON is $2.79, up 3.90% in the last 24 hours. A Fear and Greed Index of 73 indicates bullish market sentiment surrounding Ronin.

Ronin also has a circulating supply of 322.99 million RON tokens, out of a maximum supply of 1 billion RON. Moreover, Ronin’s price has surged 186% over the past year, outperforming 68% of the top 100 cryptocurrency assets. Notably, it outperformed cryptocurrencies such as Bitcoin and Ethereum during this period.

Technically, the token is trading above its 200-day simple moving average and very close to its cycle high value, showing strong market price appreciation. Indicators suggest that this technical positioning could hint at potential longevity and growth.

4. Sirana (SEAL)

In a recent notice posted on Platform New Zealand We have stated our intention to expand the accessibility of our native tokens by implementing a multi-chain approach. This strategic decision was prompted by user feedback regarding difficulties in obtaining SEAL tokens through traditional means.

The project now facilitates SEAL token purchases using Ethereum (ETH), Tether (USDT), and Solana (SOL), giving investors the flexibility to trade with their preferred cryptocurrency. Sealana has also introduced two ways to earn SEAL tokens:

This includes connecting a user’s wallet directly to the purchase widget on the pre-sale website or transferring coins to a Sealana pre-sale wallet. Following the announcement, Sealana pre-sale activity surged significantly, generating over $72,000 in approximately 12 hours.

Since then, the pre-sale amount has exceeded $300,000, and the current amount is $1.6 million. This trend suggests that Ethereum is the preferred choice among users to acquire SEAL tokens.

As well as, seal It has received reasonable attention due to its potential to become a prominent meme coin within the Solana ecosystem. Traders are speculating whether they can replicate the recent meteoric rise of Solana meme coins like $WIF and $BONK, achieving returns of up to 100x. However, this milestone is still uncertain as many tokens are striving to achieve this exponential growth.

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5. Optimism (OP)

Optimism has attracted significant investor attention recently due to promising developments. In the first quarter of this year, Optimism showed impressive network metrics, resulting in a 9% increase in OP token value.

As of today, the price of Optimism is $2.60, up 2.20% over the last 24 hours. The market sentiment for optimism is currently bullish, with the Fear and Greed Index reflecting a score of 73, indicating the state of greed among investors.

ON price chart

Over the past year, the token price has risen by 52%. It is continuously trading above the 200-day simple moving average. In particular, over the past 30 days, Optimism recorded 15 green days, accounting for 50% of the total period, heralding positive momentum.

Additionally, operating profit has high liquidity based on a significant market capitalization. This liquidity factor improves accessibility and ease of trading for investors interested in OP tokens. The token’s recent performance, combined with its focus on scalability solutions within the cryptocurrency ecosystem, positions it as one of the best cryptocurrencies you can buy right now.

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adminMay 19, 2024

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