Markets
20 Best Crypto to Buy Now [Today] 2024 – Invest x100 Bull Run
As we stand on the brink of what many experts predict to be the next major bull run in the cryptocurrency market, the stage is set for remarkable opportunities. The biggest players in the market, often referred to as ‘whales,’ are already making strategic moves, pouring significant investments into promising projects. Their actions signal a strong belief in the upcoming surge, and now is the critical moment for other investors to align their strategies to benefit from this anticipated wave.
The signs of an imminent bull run are becoming increasingly evident. Market analysts point to a combination of factors, including an inflow of capitals in the cryptocurrency market, increased adoption in the most important markets, and favorable regulatory developments. The growing interest from institutional investors and the expanding use cases for cryptocurrencies in various sectors suggest a strong upward trajectory.
One of the key reasons we anticipate a bull run is the maturation of the cryptocurrency market. Over the past few years, the market has seen substantial development in terms of infrastructure, security, and user adoption. Major cryptocurrencies like Bitcoin and Ethereum have solidified their positions as digital assets with real-world applications, while newer projects are addressing specific challenges and creating innovative solutions. Among these projects, EarthMeta stands out as the best crypto to buy now in 2024, combining decentralized finance, artificial intelligence, and the metaverse, offering a unique investment opportunity. EarthMeta was selected as the best crypto presale for 2024.
In this environment, making informed investment decisions is crucial. The upcoming bull run presents an opportunity to achieve exponential growth, but it also requires careful selection of projects with strong fundamentals, clear goals, and dedicated teams.
The next few months will be pivotal, and the right investment choices made today could lead to remarkable gains tomorrow. The projects included in our list represent a diverse array of use cases and technologies, from decentralized finance (DeFi) and artificial intelligence (AI) to the metaverse and blockchain scalability.
Here is our list of the best crypto to buy now for 2024:
- EarthMeta ($EMT) – AI-driven metaverse platform.
- Ethereum (ETH) – Leading smart contract blockchain.
- Solana (SOL) – High-speed, low-cost blockchain.
- XRP (Ripple) – Efficient cross-border payments.
- Dogecoin (DOGE) – Meme coin with strong community.
- Toncoin (TON) – High-capacity Telegram blockchain.
- Cardano (ADA) – Secure, scalable blockchain platform.
- Shiba Inu (SHIB) – Meme-based, community-driven crypto.
- Avalanche (AVAX) – High-throughput decentralized applications.
- ChainLink (LINK) – Decentralized oracle network.
- Tron (TRX) – Digital content entertainment platform.
- NEAR Protocol (NEAR) – Scalable blockchain for DApps.
- Litecoin (LTC) – Fast, low-fee cryptocurrency.
- Pepe (PEPE) – Meme-based, community-backed coin.
- Aptos (APT) – Scalable, user-friendly blockchain.
- Hedera (HBAR) – High-throughput, low-latency ledger.
- Filecoin (FIL) – Decentralized storage network.
- Stellar (XLM) – Fast, cost-effective payments.
- Monero (XMR) – Secure, private transactions.
- Maker Coin (MKR) – Governance and collateral token.
>>> Ready for the Bull Run? Top Crypto Investments to Make Now <<<
Best crypto to invest now:
EarthMeta is likely to be the most compelling Cryptocurrency in 2024, merging the power of decentralized finance (DeFi), artificial intelligence (AI,) and the metaverse. For us, it is essential to highlight this project since it’s an excellent opportunity ahead of the anticipated bull run. EarthMeta offers a platform where users can own, and govern, virtual NFT cities, creating a new approach to digital real estate and interactive experiences.
One of the primary reasons to buy EarthMeta tokens while they are in presale is that it’s still at its inception. As you know, the best moment to get involved in cryptocurrency is at the beginning. People who bought Bitcoin for $1 in 2013 can tell you.
The project integrates advanced AI technology, knowing we are in a year marked by significant advancements in AI. The platform’s AI continuously analyzes market trends and user behavior, providing personalized, data-driven (and most importantly : objective) trading insights to help users make informed decisions. This technology enhances user experience and maximizes potential returns.
The unexpected current presale of EarthMeta includes significant incentives. During the presale phase, early adopters can receive up to 30% bonuses on EMT token purchases, offering an attractive entry point for early participants to maximize their investment. Additionally, the platform offers up to 186% APY for staking EMT tokens, encouraging long-term participation. These incentives make EarthMeta the best moon shot for 2024, particularly as market conditions become increasingly favorable.
The cryptocurrency landscape is riddled with projects that promise incredible returns but often lack substance. Meme coins, for instance, frequently capture public attention with their flashy marketing and promises of a 1000x return. However, these projects often have hidden teams, vague goals, and no real value proposition, making them likely to disappear within a year. As the saying goes, if an offer seems too good to be true, it probably is.
In contrast, the top-tier cryptocurrencies are built to last. They tackle real-world problems with innovative solutions and have a dedicated team working towards achieving clearly outlined goals. Their whitepapers provide in-depth explanations of their technology, use cases, and future plans. Moreover, they have the backing of reputable advisors who bring their expertise and credibility to the project.
While established cryptocurrencies like Bitcoin and Ethereum have already proven their worth, they also come with high market caps, making it challenging to achieve exponential growth. This is where new projects come into play. Historically, early investors in groundbreaking projects have seen significant returns. Bitcoin, for example, was once worth just a dollar, and those who recognized its potential early on have reaped substantial rewards.
Investing in new, promising projects at their inception can be highly lucrative. Being among the first to support a project not only allows you to benefit from its growth but also positions you as a pioneer in the crypto space. However, it’s crucial to differentiate between genuinely innovative projects and those that merely hype themselves up.
>> Discover the Top Cryptocurrencies to Invest in for 2024 <<<
EarthMeta’s ecosystem is designed to be comprehensive and immersive. It includes a marketplace for buying, selling, and trading virtual properties, an app with augmented reality features for enhanced user experience, and real-time tracking of token performance and rewards. The platform’s strategic roadmap outlines a clear path for sustainable growth and innovation.
EarthMeta’s governance system offers additional earning opportunities. The platform allows, in addition to being a Governor and earning a 1% tax on all the transactions within your city, to become Presidents of countries by holding the most strategic cities, earning an additional 0.4% tax on all transactions within their digital country. This unique structure promotes competition and enhances the overall value of the ecosystem.
In short, and in our opinion, buying EarthMeta tokens now is strategically advantageous due to its robust project, innovative features, and the approaching bull run. With the combination of virtual real estate, AI-driven insights, and substantial financial incentives, EarthMeta can be the next x100. The project provides a strong foundation. The team commitment to growth and user-centric development underscores its potential as a leading player in the digital real estate and metaverse markets.
We all know it, Ethereum, often referred to as the king of smart contracts, is a powerhouse in the cryptocurrency world. With Ethereum 2.0, it transitioned from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, significantly enhancing its scalability, security, and energy efficiency. This upgrade has drastically reduced transaction fees and increased throughput, making Ethereum even more appealing for developers and users alike.
The Ethereum ecosystem supports a vast array of decentralized applications (DApps), decentralized finance (DeFi) platforms, and non-fungible tokens (NFTs), cementing its position as a leader in blockchain innovation.
>>> Uncover the Next Big Crypto Presales – Potential x100 Returns <<<
As we approach the next bull run, investing in Ethereum becomes particularly compelling. The network’s ongoing development, the burning of tokens mechanism and widespread adoption suggest substantial growth potential. Ethereum’s dominance in DeFi, combined with its robust developer community and continuous improvement, positions it for significant price appreciation. By investing in Ethereum now, you are not only betting on the future of blockchain technology but also aligning with a proven leader poised for considerable gains in the upcoming market surge.
Solana has rapidly risen to prominence in the blockchain space, known for its exceptional throughput and minimal transaction costs. Utilizing a unique consensus mechanism called Proof of History (PoH), Solana can process thousands of transactions per second, making it a preferred choice for high-frequency trading, gaming, and DeFi applications. The Solana ecosystem has witnessed explosive growth, with numerous projects migrating to its network due to its scalability and efficiency.
As a bull run looms, Solana’s SOL token stands to benefit significantly from increased network activity and broader adoption. Investing in Solana now offers exposure to an ecosystem that is expanding rapidly and is well-positioned to capture a significant market share, especially from those seeking alternatives to Ethereum’s higher fees and congestion. The expected market rally could propel Solana’s value to new heights, making it an attractive investment for those looking to capitalize on its technological advancements and growing popularity.
XRP, created by Ripple Labs, is designed for efficient cross-border payments, providing fast and cost-effective transaction settlements. Unlike traditional blockchain-based cryptocurrencies, XRP uses a consensus ledger and a network of validating servers, enabling rapid transaction speeds. Ripple has established partnerships with numerous financial institutions, positioning XRP as a key player in the global payment ecosystem. The ongoing legal battle with the SEC has created uncertainty, but a favorable resolution could lead to a significant price rally.
With the anticipated bull run, XRP stands to benefit from renewed investor confidence and increased usage in international transactions. Investing in XRP now offers the potential for substantial returns, especially if Ripple continues to expand its partnerships and the regulatory environment becomes more favorable. The unique value proposition of XRP as a bridge currency for global payments makes it a strategic investment in the burgeoning digital currency landscape.
Dogecoin, originally conceived as a meme, has evolved into a widely recognized cryptocurrency with a fervent community. Its journey from a joke to a serious digital asset underscores the influence of community and social media in driving value.
High-profile endorsements, particularly from Elon Musk, have significantly bolstered its popularity and price. As the market anticipates a bull run, Dogecoin’s strong community support and viral appeal could translate into substantial gains. Investing in Dogecoin now allows you to leverage the power of community-driven growth and the increasing mainstream acceptance of cryptocurrencies.
>>> Find Out Which Cryptos to Buy Now for the Coming Bull Run <<<
While Dogecoin carries higher risk due to its speculative nature, the potential for high returns during a market surge makes it an enticing option. It can be compared to any new ICO in the market.
Its ability to capture the public’s imagination and maintain relevance in the crypto space suggests that Dogecoin could see significant appreciation in the coming bull run.
Toncoin, developed by the Telegram team, represents a cutting-edge blockchain project aiming to change the decentralized applications and services. Designed to handle millions of transactions per second with ultra-low fees, Toncoin leverages advanced technology to provide a user-friendly ecosystem. The project’s roots in the Telegram community give it a strong foundation and significant user base from the start.
As the cryptocurrency market gears up for a bull run, Toncoin’s potential for rapid adoption and scalability makes it an attractive investment. The ability to process high volumes of transactions efficiently positions Toncoin as a formidable competitor in the blockchain space. Investing in Toncoin now offers exposure to a nascent yet promising ecosystem that is poised to grow significantly. The impending bull market could amplify Toncoin’s value, providing substantial returns for early investors who recognize the potential of this innovative platform.
Cardano stands out for its research-driven approach to blockchain development, aiming to provide a more secure and scalable platform. Utilizing a proof-of-stake (PoS) consensus mechanism, Cardano is designed to be energy-efficient and highly scalable.
The platform supports smart contracts and decentralized applications (DApps), with a strong focus on formal verification and peer-reviewed research. Cardano’s development is guided by a rigorous academic approach, ensuring robust and secure technology. As the bull run approaches, Cardano’s ADA token is well-positioned to benefit from increased adoption and the deployment of its smart contract capabilities. Investing in Cardano now aligns you with a project that prioritizes security, scalability, and sustainability. The expected market surge could significantly boost ADA’s value, offering substantial returns. Cardano’s commitment to continuous improvement and its potential to address real-world problems make it a compelling investment in the evolving blockchain landscape.
Shiba Inu, often dubbed the “Dogecoin killer,” has captured the imagination of the crypto community with its meme-based appeal and vibrant community. Despite its origins as a joke, Shiba Inu has developed a robust ecosystem, including its decentralized exchange, ShibaSwap. The community-driven nature of SHIB, combined with strategic initiatives such as token burns and new listings, has kept it in the spotlight.
With a bull run on the horizon, Shiba Inu’s strong community and speculative appeal could drive significant price increases. Investing in Shiba Inu now taps into the potential of a highly engaged community and the meme coin phenomenon. While it carries higher risk due to its speculative nature, the potential for substantial returns during a market surge makes it an intriguing option. The continuous development of the Shiba Inu ecosystem and its growing popularity suggest that SHIB could see significant appreciation in the upcoming bull run.
>>> Invest in the Best Cryptos for 2024 <<<
Avalanche has emerged as a leading platform for launching decentralized applications and enterprise blockchain deployments. Known for its high throughput and low latency, Avalanche provides a scalable solution for developers seeking to build efficient and robust applications. The Avalanche consensus protocol allows the network to process thousands of transactions per second, making it a formidable competitor to Ethereum and other blockchain platforms. As the bull run approaches, Avalanche’s AVAX token is poised to benefit from increased network activity and broader adoption. Investing in Avalanche now positions you in a rapidly growing ecosystem that is attracting significant developer interest.
The anticipated market rally could propel AVAX’s value to new heights, offering substantial returns. Avalanche’s focus on scalability, speed, and security makes it a compelling investment in the blockchain space, especially as the demand for decentralized applications continues to grow.
ChainLink is a decentralized oracle network that connects smart contracts with real-world data, enabling them to interact with external systems and APIs. As a critical infrastructure for DeFi and other blockchain applications, ChainLink plays a vital role in ensuring the accuracy and reliability of data fed into smart contracts.
The network’s robust security and widespread adoption have made LINK a cornerstone in the DeFi ecosystem. With a bull run on the horizon, ChainLink’s LINK token is well-positioned to benefit from increased demand for decentralized oracles.
Investing in ChainLink now offers exposure to a critical component of the blockchain infrastructure that is essential for the growth and functionality of decentralized applications. The anticipated market surge could significantly boost LINK’s value, providing substantial returns. ChainLink’s continued integration with various blockchain platforms and its essential role in the DeFi space make it a strategic investment in the evolving crypto landscape.
Tron is a blockchain-based decentralized platform aiming to build a free, global digital content entertainment system with distributed storage technology. Known for its high throughput and low transaction costs, Tron supports a wide range of applications, from gaming to content sharing. The platform’s focus on decentralizing the web and empowering content creators makes it a unique player in the blockchain space.
As the bull run approaches, Tron’s TRX token stands to benefit from increased network activity and broader adoption. Investing in Tron now aligns you with a platform dedicated to transforming the digital entertainment industry. The expected market rally could significantly boost TRX’s value, offering substantial returns. Tron’s commitment to continuous improvement and its growing ecosystem make it a compelling investment in the blockchain space, particularly as the demand for decentralized digital content solutions continues to rise.
NEAR Protocol is a highly scalable blockchain designed to provide the ideal environment for decentralized applications (DApps). It employs a unique consensus mechanism called Nightshade, which enhances scalability by sharding the blockchain into multiple segments, each capable of processing transactions independently.
This results in faster transaction speeds and lower costs. As a crypto professional, you should recognize that NEAR’s developer-friendly approach, including human-readable account names and powerful development tools, lowers the barrier to entry for new projects. With the anticipated bull run, NEAR’s focus on usability and scalability positions it for significant growth. Investing in NEAR now allows you to capitalize on a rapidly expanding ecosystem that is attracting developers and users seeking efficient and scalable solutions. The upcoming market surge could amplify NEAR’s value, providing substantial returns as more projects launch on the platform and user adoption increases.
Litecoin, often referred to as the silver to Bitcoin’s gold, is one of the oldest and most trusted cryptocurrencies. Created by Charlie Lee, Litecoin offers faster transaction times and lower fees compared to Bitcoin, making it more suitable for everyday transactions.
Its Scrypt-based algorithm also allows for more accessible mining than Bitcoin’s SHA-256. As a crypto professional, it’s crucial to understand Litecoin’s stability and resilience, which have earned it a significant place in the crypto market.
With the bull run approaching, Litecoin’s established reputation and consistent performance make it a reliable investment. The anticipated market surge could drive up demand for LTC, especially as investors look for proven assets with lower volatility. Investing in Litecoin now offers a balanced approach, providing exposure to a well-established cryptocurrency that benefits from the growing adoption and increasing market confidence.
>>> Get Ahead of the Market with this Top Crypto <<<
Pepe, a meme-based cryptocurrency, has gained attention due to its community-driven nature and viral appeal. Like other meme coins, Pepe leverages the power of social media and community engagement to drive its value. While it started as a joke, the strong community backing and speculative interest have propelled it into the spotlight.
Although it carries higher risk due to its volatile and speculative nature, the upcoming bull market could see substantial price increases for Pepe, offering the chance for significant returns for those willing to take the risk.
Aptos is a new blockchain project that focuses on providing a scalable and user-friendly environment for decentralized applications. Its innovative approach to consensus and network architecture aims to overcome current limitations in blockchain scalability and efficiency. As a crypto professional, you should note that Aptos is designed to support a wide range of applications, from DeFi to NFTs, with an emphasis on ease of use and developer support.
The impending bull run could see Aptos gaining significant traction as developers and users seek scalable and efficient platforms. Investing in Aptos now positions you to benefit from its early-stage growth and potential market adoption. The expected market surge could drive substantial interest and value into the Aptos ecosystem, offering attractive returns for early investors.
Hedera is a public distributed ledger technology that offers fast, fair, and secure decentralized applications. Unlike traditional blockchains, Hedera uses a unique consensus algorithm called Hashgraph, which provides high throughput and low latency.
It’s important to recognize Hedera’s enterprise-grade performance and its partnerships with leading global corporations. With the anticipated bull run, Hedera’s HBAR token stands to benefit from increased adoption and network activity.
Investing in Hedera offers exposure to a highly scalable and efficient platform that is gaining traction in various industries, from finance to supply chain management. The expected market rally could significantly boost HBAR’s value, providing substantial returns as more enterprises and developers adopt Hedera for their decentralized applications.
Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. By allowing users to rent out their unused storage space, Filecoin provides a decentralized alternative to traditional cloud storage providers.
You should understand the growing importance of data storage and the demand for decentralized solutions. With the bull run approaching, Filecoin’s FIL token is poised to benefit from increased awareness and adoption of decentralized storage. Investing in Filecoin now aligns you with the future of data storage, offering exposure to a market that is set to grow as more organizations seek secure, efficient, and cost-effective storage solutions.
>>> 2024’s Best Crypto Investments – Get In Early for Maximum Returns <<<
The upcoming market surge could drive significant value into the Filecoin ecosystem, providing attractive returns for investors who recognize its long-term potential.
Stellar is a blockchain-based platform designed to facilitate fast and cost-effective cross-border payments. Its consensus protocol enables quick transaction confirmations without relying on mining, making it energy-efficient.
Stellar’s focus on financial inclusion and its partnerships with major financial institutions. With the bull run on the horizon, Stellar’s XLM token stands to benefit from increased adoption and network usage. Investing in Stellar now offers exposure to a platform dedicated to improving the efficiency of global payments, which is a critical area of growth in the blockchain space.
The anticipated market rally could significantly boost XLM’s value, providing substantial returns as more financial institutions and users adopt Stellar for cross-border transactions.
Monero is a privacy-focused cryptocurrency that offers secure, private, and untraceable transactions. Unlike many other cryptocurrencies, Monero uses advanced cryptographic techniques to ensure the anonymity of its users.
It’s essential to understand the growing demand for privacy in digital transactions. With the bull run approaching, Monero’s XMR token is poised to benefit from increased interest in privacy-preserving technologies. Investing in Monero now offers exposure to a leading privacy coin that is well-respected and widely used in the crypto community. The upcoming market surge could drive significant value into the Monero ecosystem, providing attractive returns for investors who prioritize privacy and security in their digital transactions.
MakerDAO is a decentralized autonomous organization that operates the Maker protocol, which is known for its stablecoin, DAI. MKR tokens are used for governance and collateral in the system.
MakerDAO is important in the DeFi space, providing a stable and decentralized alternative to traditional financial systems. With the bull run approaching, Maker’s MKR token stands to benefit from increased activity in DeFi and broader adoption of stablecoins. Investing in Maker now offers exposure to a cornerstone of the DeFi ecosystem, with the potential for significant growth as DeFi continues to expand. The expected market surge could drive substantial interest and value into the Maker ecosystem, providing substantial returns for early investors who recognize its foundational role in the future of finance.
>>> Top crypto ready to explode this year <<<
Final Opinion
As we approach the significant and long-anticipated bull run in the cryptocurrency market, it’s essential for investors to make well-informed decisions. The next few months may present a unique opportunity for substantial growth, but choosing the right projects to invest in is crucial. This article has highlighted a diverse range of cryptocurrencies, each offering distinct value propositions and growth potential.
Among these, EarthMeta stands out as a project that combines decentralized finance, artificial intelligence, and the metaverse, making it a compelling crypto to buy for 2024. However, it’s important not to overlook other strong contenders like Ethereum, Solana, and Cardano, which have established themselves as key players in the crypto space. Each project listed has its unique strengths, from Ripple’s efficient cross-border payments to ChainLink’s decentralized oracle network, and investing in a mix of these projects could maximize your chances of significant returns.
The key to navigating the upcoming bull run is to stay objective and focus on the projects with solid fundamentals and clear roadmaps. Projects like Litecoin, Hedera, and Filecoin offer stability and innovation, while newer ventures like EarthMeta and Toncoin provide exciting growth opportunities. By diversifying your investments across these promising projects, you can position yourself to benefit from the anticipated market surge.
In conclusion, the potential for a x100 return exists, but it requires careful selection and strategic investment. Stay informed, monitor market trends, and choose projects with a strong foundation and dedicated teams. This approach will help you navigate the dynamic crypto landscape and make the most of the opportunities that lie ahead in 2024.
When is the next crypto bull run expected?
The next crypto bull run is anticipated to begin in late 2024. This prediction is based on several factors, including the maturation of blockchain technology, increased institutional investments, and favorable regulatory changes. Analysts and market experts believe these factors will converge to create an ideal environment for substantial price increases across various cryptocurrencies.
What are the top 20 cryptocurrencies to buy today for 2024?
The top 20 cryptocurrencies to buy today for 2024 include EarthMeta, Ethereum, Solana, XRP, Dogecoin, Toncoin, Cardano, Shiba Inu, Avalanche, ChainLink, Tron, NEAR Protocol, Litecoin, Pepe, Aptos, Hedera, Filecoin, Stellar, Monero, and Maker Coin. Each of these cryptocurrencies offers unique value propositions and has shown significant potential for growth. For example, EarthMeta combines decentralized finance (DeFi), artificial intelligence (AI), and the metaverse, creating a novel investment opportunity. Ethereum continues to lead with its robust smart contract capabilities and upcoming transition to Ethereum 2.0. Solana is recognized for its high-speed transactions and low costs, making it a favorite for DeFi applications…
Why should I invest in cryptocurrencies in 2024?
Investing in cryptocurrencies in 2024 offers the potential for substantial returns due to several factors. The anticipated bull run could drive significant price increases across the market. Among EarthMeta, new and innovative projects are continuously emerging, offering fresh investment opportunities with the potential for high returns. By investing in a diverse portfolio of promising cryptocurrencies, you can capitalize on these market dynamics.
What makes EarthMeta a good investment in 2024?
EarthMeta is considered a strong investment for 2024 due to its innovative integration of decentralized finance (DeFi), artificial intelligence (AI), and the metaverse. This project aims to create a platform where users can own, govern, and interact within virtual NFT cities, offering a unique blend of digital real estate and interactive experiences. The platform leverages advanced AI technology to analyze market trends and user behavior, providing personalized trading insights and enhancing the user experience. During the presale phase, investors can receive significant bonuses on EMT token purchases and high annual percentage yields (APY) for staking, making it an attractive entry point.
>>> The Next Big Thing in Crypto <<<
How do I choose the best crypto to invest in 2024?
Choosing the best crypto to invest in 2024 involves a multifaceted approach.
- First, research the project’s technology and innovation. Look for cryptocurrencies that offer unique solutions or improvements over existing technologies.
- Second, evaluate the team’s expertise and track record. A strong, experienced team can be a good indicator of a project’s potential success.
- Third, consider the project’s market potential and adoption rate. Projects with real-world applications and growing user bases are more likely to succeed.
- Additionally, analyze the tokenomics, including the supply, distribution, and utility of the token.
- Lastly, stay informed about market trends, regulatory developments, and community sentiment.
By combining these factors, you can DYOR and make informed investment decisions that align with your financial goals and risk tolerance.
Markets
Crypto Markets Rebound as Spot Bitcoin ETFs Attract Massive Inflows
This week saw $722 million worth of Bitcoin spot ETF inflows, including the largest daily inflow in a month.
Cryptocurrency markets rallied on Wednesday, driven by inflows into spot Bitcoin exchange-traded funds (ETFs).
The price of Bitcoin (BTC) is up 3% over the past 24 hours to last change hands at $65,200, according to CoinGecko. Ethereum (ETH) is up 2% and is trading at $3,471. Solana (SUN) and Polkadot (POINT) increased by 4%.
Bitcoin spot ETFs saw $422 million in daily inflows on Tuesday, the highest in the past 30 days, according to Far side data, . The all-time record for a single day was $1.05 billion on March 12.
Among Tuesday’s top contributors, BlackRock’s IBIT led with $260 million in inflows, followed by Fidelity’s FBTC with $61 million. This week has already seen more than $722 million in inflows.
Among the top 100 cryptocurrencies by market cap, Worldcoin (WLD) led with a 28% increase, followed by Helium (HNT) with 20% and Lido DAO (LDO) with 15%.
Worldcoin, a decentralized identity project led by OpenAI CEO Sam Altman, announced is extending the lockups for early investors and team members. This means that tokens will be gradually released through 2029, instead of the original 2027 plan. Token unlocks are generally seen as a negative because they increase supply and early investors can sell their tokens for profit.
Meanwhile, XRP, the token of the XRP Ledger network, jumped 8% after the CME and CF benchmarks introduced new indices and reference rates for XRP.
U.S. stocks faced a downturn on Wednesday. The S&P 500 fell 1%, while the Nasdaq Composite and Dow Jones Industrial Average both fell 2%.
Markets
Altcoins on the cusp of a major breakout – WLD, AR, and INJ prices could surge by 20% in the coming days
Crypto markets appear to have been taken over by the bulls as major tokens have surged above their crucial resistance zone. Bitcoin surged above $65,000 while Ethereum was above $3,500, and XRP, which had remained passive for quite some time, surged over 40% in the past few days to hit $0.6. The uptrend has been captured in most altcoins, with Worldcoin (WLD), Arweave (AR), and Injective (INJ) leading the rally. Here’s what to expect for these tokens in the coming days.
Worldcoin (WLD) Price Analysis
O Worldcoin Price has been trading inside a descending wedge since it marked a new ATH near $12 in the final days of Q1 2024. The recent price action helped the price break out of the upper resistance of the wedge, breaking above the crucial resistance zone between $2.21 and $2.39. Market sentiments have changed, but technicals suggest that the bulls may remain passive for a while, which could offer some room for a bearish pullback.
The price broke out of the wedge with a significant increase in volume, but the current volume suggests that the bulls have taken a step back. Meanwhile, the RSI is about to reach the upper boundary, which could attract bearish forces. Additionally, the DMI has undergone a bullish crossover, but the decline in the ADX suggests that the rally may remain consolidated above the gains. Therefore, the WLD price is expected to maintain a horizontal consolidation between $3 and $3.3 and trigger a fresh rally to $4.4 during the next bullish rally.
Arweave (AR) Price Analysis
Arweave formed a strong base around $25, which helped the rally trigger a recovery during the bearish attack. Mt. Gox and German terror forced the price to fall below $20. However, the recent price action has brought the altcoin within the bullish range and raised expectations of maintaining a decent uptrend for a few more days.
AR price has hit one of the major resistances around $30 to $31.5, which could act as a strong base once overcome. The buying volume is slowly increasing, which could keep the bullish hopes for the rally high. Moreover, the supertrend has just flashed a buy signal, indicating a clean reversal of the trend. Therefore, AR price seems primed to maintain a healthy uptrend and rally above $40. However, if the bulls maintain a similar trend, making new highs above $50 may not be a tedious task for the bulls.
Price Analysis of Injective (INJ)
Injective price has been showing sharp strength since the beginning of the year and hence, the recent turnaround is expected to revive a good uptrend going forward. The bears engulfed the rally to a large extent, but the recent price action suggests that the bulls have regained their dominance. Therefore, INJ price is expected to maintain a strong uptrend with a bearish interference on the way down.
INJ price has surged above the lower support zone and has registered consecutive bullish candles. Although the volume is below the required levels, the OBV is maintaining a sharp uptrend. Furthermore, the Ichimoku cloud lead span B is heading towards the lead span A and a healthy crossover indicates the start of a new uptrend. However, INJ price may be out of the bears’ reach once it secures the resistance zone between $30.77 and $32.12, which seems to be on the horizon.
Markets
Ethereum at $3.5K, Exchange Supply Hits 34-Month High
Ethereum (ETH) supply on exchanges has hit a 34-month high as the asset’s price surpassed the $3,500 mark.
ETH has risen 2.3% over the past 24 hours and is trading at $3,490 at the time of writing. The second-largest cryptocurrency — with a market cap of $419 billion — briefly touched an intraday high of $3,517 earlier today.
ETH Price, Whale Activity, RSI, and Exchange Supply – July 17 | Source: Santiment
Ethereum’s daily trading volume also increased by 7.6% to reach $19.8 billion.
According to data provided by Santiment, the supply of Ethereum on exchanges has reached $19.52 million ETH. This level was last seen in September 2021, when the asset was trading around the same price.
On the other hand, data from the market intelligence platform shows that the number of whale transactions has fallen by 12% in the last day — falling from 8,730 to 7,629 unique transactions per day.
The move shows that the supply of Ethereum on exchanges has been increasing with small deposits rather than large transactions from whales.
Additionally, the ETH Relative Strength Index (RSI) is currently hovering at the 60-mark, per Santiment. The indicator shows that Ethereum is slightly overbought at this price point, but it may not be in a critical position due to its large market cap.
One of the main drivers of Ethereum price increase is ETH spot expectations ETFs in the US Investment products are scheduled to start trading on July 23rd.
Markets
Bits + Beeps: How to Play the ‘Trump Trade’ in Cryptocurrencies After the Assassination Attempt
Also, how much will the Fed cut rates (and when)? What will be the inflows into ETH ETFs? And what is the near future for Bitcoin?
Posted on July 17, 2024 at 12:00 PM EST.
Listen to the episode at Apple Podcasts, Spotify, Capsules, Source, Podcast Addict, Pocket molds, Amazon Musicor on your favorite podcast platform.
In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger and Joe McCann, joined by guest Jack Platts, dive into the market reaction to the recent assassination attempt on former President Donald Trump, analyzing how this event will influence the 2024 US presidential election and the cryptocurrency markets.
They also cover potential rate cuts: Could there be a cut in July? How big could the September rate cut be? Could the decision be influenced by the upcoming election?
They also give their predictions on what percentage of BTC ETF inflows the ETH ETFs will reach, and James talks about what he expects for Grayscale’s ETHE (hint: his outlook would be positive for ETH).
Finally, they delve into what’s next for Bitcoin as the German government runs out of BTC and Mt. Gox distributions begin. Just now?
Program Highlights:
- Whether Trump’s shooting decided the election and whether the event caused a “flight to safety”
- How election markets are becoming a place to watch election probabilities and whether cryptocurrencies “lean right”
- Whether rate cuts will occur in July or September and by how much they will cut: 25 bps or 50 bps
- How Joe sees the relationship between global liquidity cycles, rate cuts, and the potential rise of Bitcoin
- What are the new updates about Ethereum ETFs and their expected launch?
- Why Solana Hasn’t Performed Significantly Better Since Trump News
- What Market Breadth Indicates About the Current Market Rally and the Impact of Rates on Small Caps
- Everyone’s predictions on ETH ETF inflows and how much outflow we’ll see on Grayscale’s ETHE
- What’s Next for BTC After German Government Exits Bitcoin and Mt. Gox Giveaways Starting This Week
Hosts:
Guest:
- Jack PlattsCo-Founder and Managing Partner of Hypersphere Ventures
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