Best Cryptocurrencies to Invest in Right Now September 22 – Optimism, Hedera, Flare
Release: 2024/09/23 03:44 Reading: 972
The Bank of New York Receives Variance for Bitcoin Custody Services
The Bank of New York (BNY) has been granted approval to deviate from the SEC's Staff Accounting Bulletin (SAB) 121 guidelines. This allows the bank to offer Bitcoin custody services as part of its regular business operations, marking a significant step forward for institutional involvement in the cryptocurrency market.
The announcement of BNY's variance coincided with a surge in Bitcoin's price, reflecting growing market optimism and interest in the cryptocurrency market, especially as major financial institutions like BNY become more involved. BNY's ability to offer crypto custody services is a positive sign for the broader crypto industry.
Top Cryptocurrencies to Invest in Right Now
Recent developments have had a positive impact on several altcoins, including LayerZero (ZRO), which has demonstrated a strong upward trend, with its value rising by 10.56% over the past week to $4.22. Additionally, Flare has upgraded its data system with the launch of Flare Time Series Oracle version 2 (FTSOv2) on its mainnet.
1. Optimism (OP)
Optimism utilizes optimistic rollups to enhance the Ethereum network's scalability. This technology facilitates faster transaction speeds at lower costs, addressing one of Ethereum's key challenges as it maintains its dominance in the smart contract sector. As Ethereum seeks to accommodate broader adoption, solutions like Optimism are essential for supporting network expansion.
Optimism prioritizes long-term sustainability over quick fixes. Its design leverages Ethereum's consensus mechanism while implementing optimistic rollups, increasing efficiency without compromising security or decentralization.
2. Pepe Unchained (PEPU)
Pepe Unchained has gained traction as Pepe coin investors seek to diversify their portfolios. Its decentralized nature and growth potential have attracted interest. The project has raised over $14 million and aims to establish a robust community and ecosystem by supporting developers from the start.
Pepe Unchained's roadmap includes the development of a Layer 2 Mainnet for lower transaction fees and higher staking returns. The PEPU token was valued at $0.00983 during the presale.
3. LayerZero (ZRO)
LayerZero is an omnichain interoperability protocol that enables efficient message passing across different blockchain networks. It facilitates secure and reliable communication between chains, acting as a "blockchain of blockchains." This allows independent blockchains to interact directly, without intermediaries, in a trustless environment.
ZRO has shown a positive market trend, with a price increase of 10.56% over the past week to $4.22. Its high liquidity and bullish sentiment suggest potential for further price increases.
4. Hedera (HBAR)
Hedera is a public network designed for the decentralized economy, supporting the development of decentralized applications (dApps). Unlike older blockchain-based platforms, Hedera aims to overcome issues like slow transaction speeds and network instability.
Hedera has joined the MiCA Crypto Alliance to navigate the European Union's regulatory landscape. Its price is currently $0.05383, with a 5.44% rise over the past week. Its high liquidity and focus on regulatory alignment make it a compelling investment option.
5. Flare (FLR)
Flare has launched FTSOv2, an upgrade to its data provisioning system. FTSOv2 integrates directly into Flare's core architecture, leveraging its economic security. This version features reduced latency and updates with each new block on the Flare network, providing more immediate and reliable data for applications.
Despite these technical advancements, FLR's price has experienced a slight decline of 2.84% over the past 24 hours. It is currently valued at $0.01481.
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