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The cryptocurrency market is abuzz with investor interest. Cost-effective entry point. The recent surge in activity is partly due to the approval of the Spot Ethereum ETF. This approval had a ripple effect on the market and created optimism among altcoins.
As a result, investors are now looking for the best altcoins to buy. In this article, we take a look at some of the most promising altcoins today. It also provides important insight for those looking to capitalize on the current upturn.
5 Best Altcoins to Buy Now
Among the tokens showing significant growth are Gorilla Taiko, Bitget, and ConstitutionDAO. Gorilla has recently garnered attention for its impressive mix of memetic features and real-world use cases. Despite being released a few weeks ago, Taiko has seen some notable developments.
Additionally, Mega Dice, a gaming and gambling token, quickly gained market popularity after pre-sales began. Mega Dice has raised over $1.4 million, indicating significant interest in this new concept. This analysis shows why investors are paying attention to the project.
1. Taiko (TAIKO)
Taiko is a permissionless, open-source ZK-Rollup developed to solve the high transaction fees and scalability problems of the Ethereum network. The platform features over 100 DeFi, gaming, social, infrastructure, tooling, and other protocols.
Despite being launched a few weeks ago, the token has witnessed some notable developments. for the next 24 hours On the token’s TGE, DTX’s trading volume soared to $10 million, while TVL accumulated more than $7 million. This TVL makes DTX the most powerful and liquid exchange for trading Taiko’s major assets.
Notably, the Korean cryptocurrency exchange announced plans to support three new trading pairs for Taiko. The developers have also launched the “Trailblazers Campaign” to offer exclusive rewards to participating users. This campaign follows an airdrop where 5% of the Taiko ICO will be distributed to all users.
for the next 24 hours $Tyco DTX’s TGE trading volume soared to $10 million, while TVL accumulated over $7 million, supporting the largest liquidity pool. $Tyco.
This TVL makes DTX the most powerful and liquid exchange for top native trading. pic.twitter.com/avC4T60dDe
— DTX(@0xDTX) June 6, 2024
TAIKO’s current price is $2.67. Despite a slight decline over the past seven days, the token is up 20% in the last 48 hours. Recent technical analysis shows that Taiko is in a bullish trend, with its 50-day moving average rising. This indicates a strong trend in favor of the token.
Meanwhile, the Relative Strength Index is below the 30-70 neutral zone. RSI indicates that the price is in oversold territory. This could lead to a potential reversal and higher Tyco price. Analysts have predicted that Taiko could reach $4,598 by the end of 2024.
2. Construction DAO (PEOPLE)
ConstitutionDAO is a decentralized autonomous organization that has attracted investor attention since its launch. The project began as a joint venture to purchase rare copies of the U.S. Constitution. This single-focus purpose has led to multiple investors contributing to the cause, giving the token massive exposure even outside the United States.
However, at the Sotheby’s auction, DAO lost the bid to Keneth Griffin. Griffin went on to win the $43.2 million bid, but the DAO quickly voted that her tokens should be suspended because the goal was not met.
The positive trend in the overall cryptocurrency market has influenced ConstitutionDAO, which continues to post positive indicators. This has RSI values hovering around bullish market sentiment and overbought areas. The token is expected to maintain its current momentum and explode once it gains ATH value again.
In the last 24 hours, the token rose 4.57% to a value of $0.1226. It is trading above its 50-day and 200-day SMA and has marked 15 green days in the last 30 days. Investors considering short-term trading may consider the token.
three. Mega DICE
mega dice, the established casino aims to transform GameFi. These tokens play an important role in Mega Dice’s gamification plans by rewarding current users and attracting new users. Surprisingly, Mega Dice plans to become a pioneer in crypto casinos and offer daily rewards based on platform performance.
Solana’s latest blockchain venture is gaining attention. Among them is Mega Dice (DICE), a gaming and gambling token that has been rapidly gaining popularity since pre-sales began. Mega Dice has raised over $1.4 million, indicating significant interest in this new concept.
Mega Dice presales have been remarkably successful so far. The project has achieved significant funding milestones, demonstrating strong demand for its tokens. Due to its accessibility and limited availability, people are eager to acquire $DICE tokens.
Currently, the price of each $DICE token is $0.075. Those interested can connect their wallets and exchange SOL, ETH or BNB for $DICE tokens. Mega Dice has sold 19,966,538 worth of $DICE to date.
$DICE $1.4M raised in pre-sales 🚀
Current Tier Price: 0.075 💰
Current presale goal: $2M 💰We are implementing multi-level price increases, so your #dice early! Do not forget it. Now your $DICE Directly on the website and Telegram… pic.twitter.com/VAsI6u27aD
— Mega Dice Casino (@megadice) June 7, 2024
Meanwhile, they allocated 15% to player airdrops, 15% to liquidity pools, and 15% to the casino’s $DICE pool. Another 10% will be used as rewards for token stakers and the remaining 10% will be allocated to marketing and other contracts.
mega dice Ensure pre-sales are included. After the pre-sale, they aim to list the $DICE token on a decentralized exchange (DEX) to potentially increase its popularity.
Visit MegaDice Presale
4. GORILLA
GORILLA combines memetic virality with significant utility. We use this unique interaction to build a platform that offers investment opportunities beyond traditional meme tokens. The token was developed by the Bored Ape Yacht Club team, which continues to develop more utilities for the ecosystem.
Gorilla differentiates itself with its innovative IDO Launchpad. Launchpad provides early investors with a strategic advantage and optimizes their trading experience through DEX swaps with advanced stop/loss features. The NFT collection associated with the token aims to compete with industry giants such as the “Bored Ape Yacht Club.”
Meanwhile, GORILLA soared more than 59.57% compared to the previous month and was traded at $0.005187. The recent increase led the token to erase its previous seven-day downward slope. Over the past 24 hours, the 4-hour chart has shown a cycle of higher highs and higher lows. As a result, a positive trend line was formed, indicating further upside in the future.
The token succeeded in overcoming the resistance level of $0.006388. If it continues to trade above this trend line, the $0.007366 resistance could soon turn into support. If bullish pressure continues, GORILLA could rise to $0.008531.
Moreover, Gorilla’s 4-hour chart suggests that it could continue to rise over the next 12 hours. Additionally, the Moving Average Convergence Divergence and RSI are showing bullish signals, which are interpreted by traders as signals. Meanwhile, RSI is well above 50, which means the token is still going strong.
5. Bitget (BGB)
Bitget has launched three consecutive Launchpool promotions, including ZK, DOPE, and ENA. Users can stake BGB or USDT to earn massive rewards that can be redeemed immediately. This announcement helped push the token’s value to new highs.
Recent market trends have led to increased trading volume, with Bitget recording a 6% increase over the month. The token is trading 134.78% above its 200-day simple moving average (SMA) pegged at $0.36521, indicating a bullish trend. Moreover, the Fear and Greed Index decreased to 70, in line with the broader market decline.
BGB closed with a green candlestick for 20 of the 30 days. Moreover, the token has grown significantly by 157% in the past year. It surpasses 60% of the top 100 cryptocurrencies, including Bitcoin and Ethereum.
🌟 Exciting moments #GMVN2024 This morning @bitgetglobal and @BitGetWallet !
🤣🤣 We’re excited to share some highlights from our booth. Don’t miss your chance to win amazing rewards. Visit Bitget booth G2 today to participate in the event. pic.twitter.com/0Ilkzw8WCb
— Bitget Vietnam (@bitgetvietnam) June 7, 2024
Following this surge, investors expect an upward trajectory for BGB as the token expands its ecosystem. Meanwhile, BCG’s next major target is expected to be $2.20, which would provide a possible return in a shorter period of time.
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