May 12 6 Best Altcoins to Invest in Now – AIOZ Network, Lido DAO, THORChain

adminMay 13, 2024

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In recent developments in the cryptocurrency sector, the expected post-halving growth has not unfolded as expected. This led to a turbulent market phase. Moreover, this period of stagnation lasted until the Federal Reserve’s recent decision, which sparked some activity in the market.

Meanwhile, the price of Bitcoin fell to $60,934.11. federal reserve bank Evaluate strategies for persistent inflation in the United States. Attention is now turning to major altcoins such as AIOZ, Lido DAO, Tellor, Catwifhat, and THORChain, each showing mixed performance as the new trading day begins.

6 best altcoins to invest in right now

The cryptocurrency market is showing mixed signals. While some altcoins are making gains, others are facing a downturn in trading. Therefore, investors are advised to closely monitor market trends and trading volumes to make informed decisions.

Catwifhat, a new meme coin running on the Solana blockchain, has exploded by 278% over the past seven days. A significantly lower market cap than Dogwifhat indicates that $CWIF could experience a larger price surge when the meme coin bull market resumes.

1. AIOZ Network (AIO)

AIOZ Network is a decentralized infrastructure project for digital media streaming and storage through web3 AI technology. AIOZ enables storage and transcoding by rewarding users for sharing computing resources. It also enables digital media streaming while supporting decentralized AI computation.

The decentralized content delivery system facilitates AI computation, data storage, and media/video streaming across decentralized applications (dApps) within the network. AIOZ Network also supports dApp integration and smart contract language compatible with blockchain networks such as Ethereum (ETH) and Cosmos (ATOM).

AIOZ Network Price Chart

The AIOZ network’s tokens have seen a significant surge in market value, rising more than 14% in the last 24 hours to trade at around $0.7859. This price also represents a 4700% annual increase. The token briefly surpassed $0.90 last week, pushing its market capitalization past $920 million. Since the Bithumb listing announcement, the AIOZ network token has risen 17%.

AIOZ’s increased market activity is related to the recent announcement by Bithumb, a leading Korean exchange, which added AIOZ to its listing. Bithumb plans to allow AIOZ deposits and withdrawals. The AIOZ network team also recently announced integration with Ethena.

📢 Eternal AI is now integrated with AIOZ. #W3S For decentralized storage #AI Model powered by 120K+ AIOZ #defin Node!@CryptoEternalAI This is the first one #Bitcoin L2 is designed for decentralized AI, allowing anyone to create and power decentralized AI. 🚀
that much… pic.twitter.com/pzOMSvIg1n
— AIOZ Network (@AIOZNetwork) May 10, 2024

Further increasing investor interest is the AIOZ network’s recent integration with DeMR, a mixed reality network built on the Solana (SOL) blockchain. The network leverages AI and blockchain technology to blend virtual reality and real-world applications.

The integration uses W3IPFS for DePIN storage solutions to support future NFT asset storage and enhance the network’s capabilities in decentralized content delivery.

2. LDO

Since launching on the Ethereum network two years ago, Lido DAO has changed the way people stake their ETH tokens. Instead of the typical method of tying up assets and requiring maintenance, Lido DAO takes a different approach. This allows users to convert their staked ETH into teeth to use the asset on other blockchains.

The Lido DAO token saw a significant rally in January, hitting $3.7, a level not seen since March 2022. The price has fallen since then but has remained above $2. This strength and predictions of hitting $6 by the end of the second quarter have caught the attention of analysts.

Lido DAO price chart

As Lido DAO’s trading volume increases, many expect a rebound soon. This growth potential makes Lido DAO stand out in the DeFi world. The token began a price recovery after experiencing a decline followed by a steady rise.

📢 New major txSync upgrade! 📢
We are happy to announce that you can now pay your gas bill with: @LidoFinanceWe are 𝘄𝗘𝗧𝗛. #txSync!!
Here’s how this benefits users 👇🧵 pic.twitter.com/Dan9wOqY5h
— txSync (@txSync_io) May 9, 2024

The current price of LDO is $1.79. In the past 24 hours, the price of LDO rose 1.04%, and its market capitalization also grew at the same rate, exceeding $1.7 million. Lido DAO token is trading 1.78% above its 200-day SMA ($1.966870).

Sentiment around DAO’s price predictions is bearish, but it is worth noting that the Fear and Greed Index, an important indicator of market sentiment, is at 64 (greed). This suggests growing optimism about an upward trend driven by increased token trading. These sentiments may impact the market performance of Lido DAO.

3. Teller (TRB)

Tellor is currently making waves in the cryptocurrency market. It has significant growth potential due to its unrivaled technology. The token is also witnessing increasing adoption within DeFi projects. Investors view TRB as an attractive investment opportunity.

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 into the blockchain. This off-chain information allows smart contracts to access real-world data.

teller price chart

The current surge in Tellor’s 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.

👷‍♂️ This week’s Teller ‘Reporter’s Report’: pic.twitter.com/gQI5zFv0bN
— Tellor (@WeAreTellor) May 10, 2024

Meanwhile, TRB has surged about 10% in the past 24 hours, reaching $135.30. Additionally, Teller’s Total Value Locked (TVL) exceeded $5 million on May 3, 2024. Currently, Teller Crypto’s market capitalization is approximately $260 million, with a trading volume increase of 4.64%.

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.

4. Cat Wi Pot (CWIF)

Catwifhat recorded its ATH value on March 1, 2024, hitting an all-time high of $0.00000134. The token continues to deliver impressive ROI to investors, surging over 279% in the past seven days. CWIF is trading at $0.0000008087 today, representing a price increase of 14,279.9% since launch.

Moreover, deflation made waves after a massive 1.3 million airdrop earlier this year. Catwifhat further deepens deflation by leveraging Solana token expansion. Solano’s token expansion allows the project to automatically burn 4% of all $CWIF tokens on every on-chain transaction.

Catwith price chart

Although CWIF posted a neutral 14-day RSI value of 68.70, analysts believe that this value could grow further. Technical analysis by Catwifhat shows that the token could break the resistance level of $0.000000815. Alternatively, CWIF could move to the nearest level of $0.0000008.

If this level is reached, the price may rise to the $0.000000881 level. Conversely, the token failed to break the plunge and headed towards the support level at $0.000000557. Notably, the strongest support level remains at $0.000000519.

Overall, CWIF’s technical advantages play a significant role in increasing user and investor adoption. As a result, as adoption increases, the demand and price of the token will continue to increase. Additionally, the scope of $CWIF may expand as the integration of blockchain technology increases across various sectors.

5. Torchain (Rune)

THORChain has endured ups and downs but is still going strong. Beyond price changes, THORChain’s technology and projects, such as Project Surtr and token burns, demonstrate that they are built for the long term and provide value to investors.

Over the past year, RUNE’s value has surged a whopping 594%, making it one of the best performing companies in the cryptocurrency market. At its current price of $5.79, THORChain is up 10.37% over the past 7 days. A 400% YTD increase and 47,770% increase since launch demonstrates the token’s solid performance. Market sentiment is neutral, but trading for the token has increased, as indicated by a fear/greed score of 64.

THORChain price chart

THORChain also outperformed 87% of the top 100 cryptocurrency assets last year, demonstrating its potential as an investment. Considering its ongoing development and ecosystem, investors are optimistic about THORChain’s future in the DeFi space. Fixed total supply and careful token distribution make THORChain an attractive industry leader for individual and institutional investors.

THORChain was built to make Bitcoin better.
See below: Buy $200,000 Bitcoin with USDT. There are no gatekeepers, no packaging, no exchange accounts, and no surrender of self-management.
When you send USDT, the protocol sends you actual Bitcoin. it just works pic.twitter.com/muhqqBSTOU
— THORChain (@THORChain) May 9, 2024

Despite the fluctuations, THORChain’s resilience and positive performance metrics suggest there is room for growth. Investors and fans are closely watching THORChain as it continues to make waves in the cryptocurrency market.

6. Mega DICE

mega dice GameFi is an established casino that aims to change things. These tokens play an important role in Mega Dice’s gamification plans by rewarding current users and attracting new users. Surprisingly, Mega Dice plans to become a pioneer in crypto casinos and offer daily rewards based on platform performance.

Solana’s latest blockchain venture is gaining attention. Among them is Mega Dice (DICE), a gaming and gambling token that has been rapidly gaining popularity since pre-sales began. In less than two weeks, Mega Dice has raised over $900,000, indicating significant interest in this new concept.

Mega Dice pre-sales have been remarkably successful so far. The project has achieved significant funding milestones, demonstrating strong demand for its tokens. Due to its accessibility and limited availability, people are eager to acquire $DICE tokens.

Currently, the price of each $DICE token is $0.069. Those interested can connect their wallets and exchange SOL, ETH or BNB for $DICE tokens. Mega Dice has sold 13,223,510 $DICE to date.

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— Mega Dice Casino (@megadice) May 10, 2024

Meanwhile, they allocated 15% to player airdrops, 15% to liquidity pools, and 15% to the casino’s $DICE pool. Another 10% will be used as rewards for token stakers and the remaining 10% will be allocated to marketing and other contracts.

mega dice Ensure pre-sales are included. After the pre-sale, they aim to list the $DICE token on a decentralized exchange (DEX) to potentially increase its popularity.

Visit MegaDice Presale