5 Best Altcoins to Buy as Crypto Prices Continue to Rise
Release: 2024/08/14 13:34 Reading: 973
5 Best Altcoins to Buy as Crypto Prices Soar
Cryptocurrencies surge as Bitcoin recovers from a recent drop to $49K. BTC now trades at $59K and demonstrates resilience this week. Altcoins, however, have outshined Bitcoin, with several rising by 40% or more.
Amidst this market surge, let's explore five promising altcoins with significant potential.
Pepe Unchained
Boasting innovative use cases, Pepe Unchained becomes the first meme coin with its dedicated layer 2 blockchain.
Currently undergoing a presale to fund its blockchain development, this presents an opportunity for investors to enter early.
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Should the market's bullish trend persist, Pepe Unchained could skyrocket upon its exchange debut. It aims to create a fast, low-cost blockchain, seamlessly connected to Ethereum. With a block explorer and generous staking rewards, Pepe Unchained provides a platform for meme coin developers and enthusiasts to build their own projects, including DeFi apps, P2E games, and NFTs.
The meme coin market, valued at $41 billion, offers substantial growth potential for $PEPU. As of the latest data, the Pepe Unchained presale has amassed $8 million, indicating strong investor support.
Helium
Momentum traders believe that winners will continue winning, and Helium aligns with this philosophy.
Recent months of development and partnerships have fueled Helium's success. It is building a decentralized wireless network for internet connectivity.
By purchasing a "hotspot" device, individuals can provide wireless coverage and earn HNT tokens. The project's website claims to cover the "Internet of Things," enabling various solutions, sensors, and gateways to operate on Helium.
Reflecting its real-world applications, Helium is gaining investor attention. Trading at $6.74, it has risen 10% today, 45% this week, and 112% this month, becoming one of the top performers of the week.
Dogecoin
While Pepe Unchained aims to become a next-generation meme coin, established coins like Dogecoin can still thrive in this evolving market.
During periods of market recovery, Dogecoin tends to rally among the first.
The Crypto Fear and Greed Index indicates neutrality, providing a middle ground for Dogecoin. Its sizable market capitalization reduces risk compared to newer meme coins, while its viral appeal maintains the potential for significant gains.
With ample room for growth to reach its all-time high, Dogecoin presents a lucrative opportunity. Currently priced at $0.105, it remains 85% below its 2021 peak. Compared to Ethereum, which is only 45% from its ATH, Dogecoin offers a potentially rewarding investment. It has gained 3.3% today, 5.6% this week, and declined 3% this month.
PlayDoge
Expanding on the Dogecoin theme, PlayDoge provides an alternative with enhanced upside potential.
This innovative meme coin is developing a P2E game inspired by the popular Tamagotchi.
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PlayDoge follows a similar concept, where users care for a pet on a handheld device. However, PlayDoge users are rewarded with free crypto for playing.
Considering Tamagotchi's success of 82 million units sold without user rewards, PlayDoge's potential is substantial, especially combined with its meme coin appeal.
PlayDoge will be available on the App Store and Google Play Store, ensuring accessibility for all. Investors can stake their tokens to further their gains. The project is currently in presale and has raised $6 million.
Ethena
Passive income remains highly sought after by investors, and Ethena has generated significant buzz since its token launch earlier this year.
The project's focus is on "enabling internet money" through USDe, a decentralized, yield-generating stablecoin.
USDe employs low-risk trading strategies to optimize and provide returns to holders, currently offering a 3.8% APY. It's worth noting that this rate is subject to fluctuations, having recently been above 12%.
ENA serves as Ethena's governance token, granting holders decision-making power and staking opportunities for additional gains.
With Ethena's position at the forefront of DeFi innovation, ENA presents a compelling investment.
Currently trading at $0.00528, it has risen 6% today, 15% this week, but declined 21% this month.
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