The 5 best alternative coins to invest in right now on July 8: HivemapperSubsquidBinaryX

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Last week, the cryptocurrency market saw a downward trend, with Bitcoin falling below the $60,000 mark and Ethereum also falling below $3,000. This trend affected many top cryptocurrencies and exacerbated losses for other alternative coins.
However, amid this volatility, some altcoins have emerged as the best altcoins to invest in today.
However, discovering these coins often requires careful research, as investors’ attention tends to focus on assets that have already surged. Today’s article analyzes the latest performance of the top cryptocurrencies on the gainer list over the past 24 hours. The goal is to identify coins that show potential and provide insights for investors.
Today’s article explores the performance of promising cryptocurrencies that investors should consider adding to their watchlist. It highlights Base Dawgz, the latest memecoin launch on the Base Network, known for its unique multi-chain capabilities that enable seamless interoperability between different blockchains.
Meanwhile, Pepe Unchained’s staking strategy has attracted numerous passi investors seeking lucrative gains. So far, Pepe Unchained has raised over $2.7 million in pre-sale funds in less than 25 days, showing considerable interest in the project. Potential investors are urged to join the project now at a low price of $0.0083253, which will increase tomorrow.
1. BinaryX (BNX)
BinaryX was originally launched as a decentralized derivatives trading platform, but quickly evolved into a GameFi platform as GameFi and Metaverse games became popular. The team began building decentralized video games and plans to expand the project into a self-sufficient GameFi platform. Currently, BinaryX has launched innovative IGO services that Web2 developers can use to migrate to Web3.
Meanwhile, BNX’s RSI is approaching the mid-range, having improved substantially from the overbought region. Moreover, the average trendline suggests that a bullish convergence could be triggered this week. While this means that the coin’s price could be volatile, if BNX maintains its bullish momentum, it could soon retest the overhead resistance point of $0.05.
Today, BNX is priced at $1.20, having gained 4% in the past 24 hours. Despite trading below its 200-day simple moving average of $0.879, BNX has seen 17 gains in the past 30 days, indicating its resilience. Its relative strength index is around 49, suggesting that it may trade sideways.
How to stay calm in crypto?
Play your favorite GameFi games alone, not as a group!
#GameFi
#BinaryX
#BNX
pic.twitter.com/rbiGXgUFZr
— BinaryX (@binary_x) July 6, 2024
BNX has solid fundamentals and is supported by a loyal cryptocurrency community, laying the foundation for its considerable future growth. If the BNX project announces collaborations with other networks, the token’s price has the potential to exceed $2 by 2024. However, if the market experiences a bearish trend, the price of BNX could drop to the $0.032 support level.
2. Base Dawgz (DAWGZ)
Base Dawgz is the latest meme project that operates on the Base ecosystem. It provides an innovative multi-chain solution that expands the interoperability of blockchains. The platform aims to facilitate interoperability between different blockchains, including Ethereum, Binance Smart Chain, Solana, and Avalanche.
The project solves the blockchain interoperability problem between multiple chains by leveraging advanced technologies such as Wormhole and Portal Bridge. It enables investors to quickly claim, store, and trade tokens on multiple blockchain networks. This capability makes Base Dawgz stand out in the crowded meme token market and solves the problem of the usually isolated blockchain ecosystem.
At the same time, the team announced the launch of the "Be Social for Airdrop" campaign. The campaign aims to reward token holders who participate in the project's social media activities. Participants will receive free tokens for creating and sharing content related to Base Dawgz. This approach promotes community participation and promotes the organic growth of the project.
Base Dawgz is trading today at a presale price of $0.0581. The presale has raised nearly $2.4 million, reflecting strong investor interest in the multi-chain solutions provided by the project. In addition, this early success highlights the growing demand for projects that provide flexible and diverse cross-chain functional solutions.
Visit Base Dawgz Presale
3. Pepe Unchained (PEPU)
The developers of Pepe Unchained have leveraged the diversity of second-layer blockchain technology and the success of the iconic Pepe meme to launch an innovative memecoin project. Through this integration, Pepe Unchained aims to provide a seamless transaction experience with reduced transaction costs and latency. This focus on efficiency has been well received among cryptocurrency enthusiasts.
In addition, PEPU is strategically built on the Ethereum blockchain to take advantage of second-layer technology, enabling faster and more economical transactions. This makes the token the first Pepe-themed token to run on this blockchain layer. In addition, the project provides a staking function that enables early investors to earn a generous annual yield of approximately 735%.
Pepe Unchained’s staking strategy has attracted a wide range of investors seeking lucrative returns. Moreover, the project’s staking mechanism makes it stand out in the oversaturated memecoin market. Its focus on reducing transaction costs and offering generous staking rewards makes it a top contender in this specialized market.
Pepe is working hard!
His second layer blockchain is coming soon. Stay tuned! ⚒️
pic.twitter.com/ouHZNluT0n
— Pepe Unchained (@pepe_unchained) July 5, 2024
To date, Pepe Unchained has raised over $2.7 million in presale funds in less than 25 days, demonstrating considerable interest in the project. This initial achievement reflects strong investor confidence and hints at the potential for significant returns. Potential investors are urged to join the project now at a low price of $0.0083253, which will increase tomorrow.
Visit the Pepe Unchained presale
4. Hivemapper (HONEY)
Last week, HONEY surged by more than 50% in a single day, even as other cryptocurrencies suffered major declines. Although the coin has since retreated, it is still 2% higher than last week’s value and is currently trading at $0.05721. The coin’s trading activity shows its potential over the past week, even as the cryptocurrency market has been in a bearish sentiment since last week.
This prediction is based on Hivemapper’s unique positioning in the decentralized public infrastructure (DePIN) space. The project obtains mapping data from drivers using Hivemapper dashcams. As these users drive, they map roads and are rewarded with free tokens. The demand for mapping a particular road determines the number of tokens each user receives.
In addition, users and volunteers who verify the provided map data are rewarded with HONEY tokens. The recent rise in the value of the token is partly due to the increase in routes mapped by Hivemapper. So far, the platform has mapped nearly 13.9 million kilometers of different routes. It has also set an ambitious goal to surpass Google Maps, which has nearly 1 billion monthly active users.
️Round 5: "Guess where this place is?"
Last week’s answer: Osaka, Japan
Congratulations to @Ayamkevin1 for guessing it right!
pic.twitter.com/4R5L4IprLb
— Hivemapper (@Hivemapper) July 5, 2024
The decentralized mapping network is showing signs of maintaining its stellar performance from last week. It is currently trading above the 200-day simple moving average, showing potential for long-term outperformance. The relative strength index is hovering in the overbought region, suggesting that bulls are in control. If the coin maintains its current bullish momentum, it could close the week at $0.086.
5. Subsquid (SQD)
The Subsquid Network provides a decentralized data lake and query engine that provides developers with efficient and permissionless data access. The platform aims to promote a neutral and open Internet rooted in Web3 principles, and stands out by leveraging ZK proofs to enhance security. Its modular architecture is designed to provide high scalability and convenience to meet the changing needs of developers.
Subsquid has become an ideal platform for blockchain indexing, building dApps, and analysis. In addition, it provides a decentralized alternative to traditional centralized infrastructure providers such as major RPC and API services. The long-term goal of its economic model is to reduce the data costs of Web3 developers.
In addition, Subsquid also provides several products, one of which is Subsquid SDK, which is used to simplify data integration. On the other hand, Guru Data Warehouse can aggregate data streams for AI processors. These products are designed to provide decentralized AI-driven automation solutions for games, DeFi, social applications, and infrastructure management.
If you need an index for Tron, DM/comment or leave a note in SquidDev to get beta access! https://t.co/mYBibwljNA
— Dima Zhelezov | Subsquid.io (@dizhel) July 8, 2024
As of today, SQD is trading at $0.1146, having gained $0.72% in the past 24 hours. Technical analysis shows that bulls are in control and could potentially push the coin past the $0.234 resistance level. If the coin breaks this barrier, it could reach a price of $0.463 this week.
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