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Cryptocurrency markets are showing renewed strength, with net inflows now similar to those seen during the market’s big rally in February, suggesting a similar rally could be on the horizon. In February, prices saw a notable rally, and a similar trend could be underway now.
With the increase in capital inflows into Bitcoin and altcoins, the market may be preparing for another breakout. Experts say that external conditions appear to support this trend, and if it continues, Bitcoin could reach $100,000, and altcoins are also likely to benefit from the increased momentum. In view of this, investors are looking for affordable tokens, especially the best altcoins to buy now.
5 Best Altcoins to Buy Right Now
Ethena (ENA) is currently priced at 0.384922, up 13.89% in the past 24 hours. Bitcoin SV (BSV) has recently attracted the interest of short-term investors and traders as its price has risen above $50 and accompanied by considerable volatility. Thorchain's token RUNE has performed strongly today, with a price increase of 5.50% and a surge in trading volume of 99.42%.
Sui Crypto is valued at 1.893078, up 9.7% in the past 24 hours. Pepe Unchained (PEPU) has gained attention in the cryptocurrency community, becoming one of the fastest-growing presales in 2024. Meanwhile, the price of Bitcoin has surpassed $70,000 for the first time since June.
1. Ethena (ENA)
Ethena (ENA) is currently valued at 0.384922, having gained 13.89% in the past 24 hours. This latest price movement has resulted in a high 24-hour volume-to-market cap ratio of 0.5107, meaning the token has significant liquidity based on market cap.
The overall sentiment towards the Ethena price prediction as of October 29, 2024 is neutral. Currently, 16 technical indicators are showing bullish signals, while 8 are showing bearish signals. This balance suggests that market dynamics may continue to influence price volatility.
The forecast for November suggests that the positive trend is likely to continue, with the price having the potential to reach a high of 1.444115. The expected trading range for ENA is 1.122966 to 1.712649, reflecting last month’s performance. If this upward trend continues, investors could receive returns of up to 345.36%.
2. Bitcoin SV (BSV)
Bitcoin SV (BSV) has recently attracted increased attention from short-term investors and traders as its price has broken through $50, showing high volatility. Currently, BSV has gained 17% in the past 24 hours and is trading at $52.95, with a market cap of $1.05 billion, ranking 67th among cryptocurrencies. Its daily trading volume surged by 2,15% to $93 million, reflecting increased trading activity.
BSV’s recent price gains are partly in line with a rebound in the broader cryptocurrency market, which has a total market capitalization of $2.5 trillion. For example, Bitcoin (BTC) rose to $71,000, its highest point since June.
In addition to the price increase, BSV's open interest has also seen a significant increase, increasing from $7.6 million to $12.4 million in the past day, an increase of 63%. This increase in open interest, coupled with rising trading volume, indicates that traders are increasing their interest in BSV. Many seem to be speculating for short-term profits in anticipation of a possible price drop.
3. THORChain (RUNE)
Thorchain’s native token, RUNE, has seen strong performance today, with a price increase of 5.50% and a surge in trading volume of 99.42%. This upward trend reflects increased buying interest in the token, indicating a positive momentum in the market.
Experts note that RUNE could see further gains if it can break above the critical resistance level of $5.714. They note that being able to clear this hurdle could spark further gains in the coin’s price.
4. Sui (SUI)
Major League Soccer (MLS) has announced a new partnership with Sweet to launch its NFT collectibles platform MLS QUEST, which runs on the Sui Network. Through this move, MLS aims to leverage blockchain technology to increase fan engagement and expand its digital presence.
The partnership with Sweet highlights MLS’ interest in integrating Web3 technologies. Sweet brings blockchain marketing expertise that can help MLS provide fans with a streamlined and immersive experience on MLS QUEST. The Sui Network was chosen for its scalability and reliability, which should support seamless management of these digital assets. This partnership could represent a major step for MLS, combining traditional sports with blockchain-based fan engagement.
5. Pepe Unchained ($PEPU)
Pepe Unchained (PEPU) has recently attracted a lot of attention from the cryptocurrency community, becoming one of the fastest growing presales in 2024. This growth was clearly influenced by a large investment from a whale investor, who purchased $58,500 worth of PEPU, equivalent to about 23.4 Ethereum. Such an investment shows confidence in the vision of Pepe Unchained.
Currently, the Fear and Greed Index of the cryptocurrency market shows a "greedy" state, reaching a level of 59, similar to the previous bull market conditions. This sentiment is consistent with the expectation of a market rise, which may position Pepe Unchained as a leading project in the memecoin field. As a result, the presale has approached the milestone of $23 million, and the current price is $0.01179, with a slight increase at each stage, showing strong interest from investors.
One of the attractions of the Pepe Unchained presale is its staking protocol, which allows participants to stake tokens immediately. This feature has an annualized yield of 100% and has resulted in more than 1.5 billion PEPU tokens being staked. In addition, the project has been audited by SolidProof and Coinsult, which helps increase investor confidence in security.
Introduction:
The core goal of Pepe Unchained is to solve the high transaction fees that affect memecoin transactions on the Ethereum network. By creating its second-layer solution, Pepe Chain aims to provide faster, cheaper transactions and support for a wider ecosystem. In addition to reducing fees, Pepe Chain also provides unique features including local block explorers, decentralized exchanges, cross-chain bridges, and in-depth analytics.
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Best Affordable Tokens in 2024
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