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Explore the best cryptocurrency investments right now, highlighting strong potential and performance in the market today.
The crypto market has experienced volatility and currently shows a neutral outlook. Bitcoin showed positive moves following the release of the US CPI data and FOMC meeting last week, affecting the broader market. Meanwhile, certain altcoins including Arweave, Akash Network, and Uniswap have gained momentum recently. These altcoins have attracted attention due to their correlation and have shown significant volatility in their respective portfolios.
The best cryptocurrency investments right now
Ondo Finance has partnered with Drift Protocol to integrate real-world assets (RWAs) into the Solana DeFi ecosystem. In addition, Arweave recently launched AO Computer, a system that achieves scalability through parallel processing of tasks. Meanwhile, UNI continues to demonstrate strong market presence and a positive trajectory.
1. Ondo (ONDO)
Ondo Finance recently announced a partnership with Drift Protocol, a decentralized trading platform on Solana. The partnership aims to introduce real assets (RWAs) in the Solana decentralized finance (DeFi) ecosystem. Through this partnership, the stablecoin USDY can be used as collateral on the Drift market.
This integration enables Drift users to use USDY for margin trading and lending, which could increase trading volume and liquidity on the platform. In addition, this could pave the way for more RWA-based tokens to be used as collateral in DeFi, providing traders with more options and reliability.
The announcement of Ondo Finance, which was made via an X post on June 18, 2024, marks a milestone in the DeFi space. This will be the first time that yieldcoins will be accepted as collateral on a platform focused on perpetual contracts.
Additionally, ONDO’s price surge coincides with recent developments, causing its price to rise by 5.55% in the past 24 hours and is currently trading at $1.18. The market sentiment for the token’s price shows increasing optimism among investors. Likewise, the token’s Fear and Greed Index is 64, indicating rising optimism among investors.
Furthermore, the token shows high liquidity, which is reflected in its volume-to-market cap ratio. Furthermore, the token has experienced 15 green trading days in the past 30 days and is trading close to its cycle highs.
2. Akash Network (AKT)
Akash Network is reinventing cloud computing through its unique use of blockchain technology. The platform is designed to be more efficient, secure, and cost-effective than traditional cloud services. It gives users the right to buy and sell computing power, making it a valuable tool for website hosting or complex computing.
Recently, the platform’s token has caught the attention of traders after a long period of falling value. AKR’s value has fallen by about 46% in the past month, but yesterday’s trading ended with a positive performance, which made many investors optimistic.
As of now, AKT’s price is $3.12, indicating a daily gain of 12.10%. Its market capitalization has also increased by 11.45%, reaching $750 million. In addition, investor sentiment is positive, with a Fear and Greed Index score of 64, indicating a greedy sentiment.
3. Uniswap (UNI)
Uniswap is an Ethereum-based DEX protocol that conducts cryptocurrency trading through a decentralized authority. This decentralized network allows users to exchange digital assets directly from their wallets using DeFi methods.
Uniswap has generated more fees than any other decentralized exchange (DEX) so far this month. Data from Token Terminal shows that the network has generated twice as much fees as the top four DEXs combined.
Furthermore, UNI’s recent market trends reinforce its favorable position and trajectory. As of now, UNI is trading at $10.27, reflecting an intraday gain of 4.55%. Its weekly and monthly charts have also risen by 6.08% and 32.21%, respectively.
4. WienerAI (WAI)
WienerAI integrates artificial intelligence (AI) with blockchain technology to provide a unique trading platform to enhance the user's trading experience. The platform acts as a personal cryptocurrency trading assistant, where users can input criteria such as risk tolerance and target returns. The AI then scans the market, identifies the best buying opportunities, and uses its speed and accuracy to effectively detect market trends.
In addition, WienerAI’s interface allows users to execute trades and monitor their positions directly within the chat system, simplifying the trading process for users of all experience levels. In addition, WienerAI announced the launch of a new trading robot, which is still under development but close to completion.
Unlike traditional trading bots that provide simple responses, this bot provides potential trading opportunities based on predictive technology. Users can enter trading queries, and the bot analyzes the market, provides detailed analysis and reasons, and identifies the best prices in various decentralized exchanges (DEXs). The upcoming launch of the trading bot has greatly boosted the project's fundraising. As of now, the project has successfully raised $6 million, which proves the strong interest and confidence of investors in the potential of the platform.
Additionally, the platform’s native WAI token is being sold at $0.00072 per token, with the price expected to rise. Early investors who purchase WAI are likely to profit once the token is listed on global exchanges.
5. Arweave (AR)
Arweave is a decentralized network that provides permanent data storage and hosting services. It is similar to Bitcoin and uses an open ledger system. The protocol has already seen widespread adoption, ensuring a fully decentralized ecosystem.
Recently, Arweave launched AO Computer, which aims to achieve high scalability by enabling parallel processing of tasks. Unlike traditional smart contract platforms such as Ethereum, applications on AO Computer run independently without the need to share a global state. The launch of AO tokens has attracted great attention.
The total supply of $AO tokens is capped at 21 million. At the same time, SevenX Ventures, everVision and BuidlerDAO have partnered to launch a $10 million ecosystem fund to support early-stage projects. These projects aim to expand infrastructure, develop applications and explore other innovations within the AO ecosystem.
The market's reaction is noteworthy, with AR's price having risen by 11.57% to $27.52 so far. Arweave's price prediction sentiment is currently bullish, with the Fear and Greed Index showing a level of 64 (Greed). In addition, Arweave is currently trading 332.31% above its 200-day simple moving average (SMA), or $6.37.
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