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Best Cryptocurrencies to Invest in Right Now – Flow, BNB, ZetaChain

Best Cryptocurrencies to Invest in Right Now – Flow, BNB, ZetaChain

InsidebitcoinInsidebitcoin2024/11/15 08:11
By:Insidebitcoin

Bitcoin recently hit a new all-time high of $89,000, sparking positive movement across several major altcoins. Altcoins tend to follow Bitcoin’s price trends, so other digital assets often see similar price movements when Bitcoin hits new highs. 

Several altcoins have demonstrated strong stability, gaining the attention of investors. These cryptocurrencies are showing resilience following increased market activity. This review highlights some of the best cryptocurrencies to invest in right now .

Best Cryptocurrencies to Invest in Right Now

BNB Chain has teamed up with Google Cloud to offer $10 million in cloud credits, supporting innovative projects in its Most Valuable Builder (MVB) accelerator program. Meanwhile, ZetaChain has partnered with Google Cloud to develop “Universal Apps” that function across multiple blockchain networks. Additionally, Crypto All Stars recently secured $3.5 million in funding, showcasing its global appeal and attracting significant investor interest.

1. Flow (FLOW)

Flow (FLOW) is a proof-of-stake blockchain built to support large-scale decentralized applications, non-fungible tokens (NFTs), decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and more. It aims to become a foundational platform for Web3 and the open metaverse, providing a flexible environment for developers to build various digital services. 

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The architecture includes walletless onboarding and account linking features, making it relatively easy for developers and users to navigate. Flow’s native account abstraction and “smart accounts” enhance security and usability, aiming to improve the overall user experience while keeping transactions efficient.

Over the past month, Flow has had 15 days of positive price movement, suggesting a period of relative strength. With a 24-hour volume-to-market-cap ratio of 0.1652, Flow shows high liquidity for its market size, indicating active trading and a reasonable level of access for buyers and sellers. 

The current sentiment for Flow’s price prediction remains neutral, with no strong trend indicators leaning in either direction. Nevertheless, the Fear & Greed Index reflects “Extreme Greed” at 84, which could signal elevated optimism. This elevated sentiment may result in heightened interest but also suggests potential caution for investors if the market sentiment shifts.

2. BNB (BNB)

BNB Chain has recently partnered with Google Cloud to offer $10 million in cloud credits, aiming to support innovative projects within its Most Valuable Builder (MVB) accelerator program. The partnership encourages ongoing innovation within the BNB ecosystem, particularly in developing cloud and AI-powered decentralized applications (dApps). 

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Currently, Binance Coin (BNB) is trading at $608.71, with a recent 5.74% price decrease over the last 24 hours. Nevertheless, the token has gained 4.77% over the past week, reflecting positive momentum. Market sentiment around BNB remains bullish, with the Fear & Greed Index indicating an “Extreme Greed” score of 84, often pointing to strong investor interest and increased market activity.

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BNB is trading 10.96% above its 200-day simple moving average (SMA) of $548.18, which is a favorable sign relative to this long-term benchmark. Over the last 30 days, BNB has closed positively on 16 days. The token also has high liquidity, with a volume-to-market cap ratio of 0.0483, supported by a 24-hour trading volume of $4.33 billion against a market cap of $89.76 billion.

The 14-day Relative Strength Index (RSI) for BNB currently sits at 62.95, indicating a neutral position with a likelihood of continued sideways trading in the short term. This metric suggests that BNB is neither overbought nor oversold, allowing for stable price action without strong directional pressure.

3. ZetaChain (ZETA)

ZetaChain recently announced a collaboration with Google Cloud to develop “Universal Apps” that work across multiple blockchain networks. The goal is to make Web3 technology more accessible and support applications operating on various chains without requiring different setups.

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As part of this collaboration, Google Cloud has joined ZetaChain as a validator, verifying transactions on both mainnet and testnet. Validators are essential for maintaining security and reliability, and Google Cloud’s role in this capacity helps strengthen ZetaChain’s network. By supporting ZetaChain, Google Cloud also contributes to the stability and scalability of the ecosystem, potentially attracting developers who want to build on a multi-chain-compatible blockchain.

Currently, ZetaChain is priced at $0.6901, reflecting a 13.24% increase over the past week. The sentiment around ZetaChain is neutral, but the Fear & Greed Index indicates extreme greed with a reading of 84, signaling high market interest. 

Furthermore, its 24-hour trading volume relative to its market cap is high at 1.6630, showing active trading and liquidity, which can support market stability. Market predictions suggest that ZetaChain’s price may continue to rise, with an estimated increase of 220.28% over the next month to reach approximately $2.34. 

4. Crypto All Stars (STARS)

Crypto All Stars has recently attracted notable attention, primarily due to substantial early investor interest. The favorable shift in the market seems to have created a more welcoming environment for this presale, contributing to its rapid growth. This momentum signals increasing investor confidence in new cryptocurrency projects as potential long-term investments, especially as the crypto market expands.

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Recently, Crypto All Stars reached a funding milestone of $3.5 million, highlighting its global appeal and widespread investor interest. These funds will be directed toward the platform’s development, providing a financial base to support further growth and operational stability.

As of the latest update, STARS tokens are priced at $0.0015618, offering a relatively low entry point for potential early investors. Moreover, Crypto All Stars emphasizes utility, positioning itself as a practical option within the meme coin sector. Through its staking platform, the project incentivizes users to hold larger STARS balances by offering higher rewards to those with greater stakes, thus encouraging greater token accumulation.

The staking protocol offers an annual percentage yield (APY) of 463%, and with over 1.5 billion tokens already staked, there appears to be considerable interest in its MemeVault feature. This level of engagement reflects a keen interest from investors looking to build their positions before the project’s official launch. 

Visit Crypto All Stars Presale

5. Jupiter (JUP)

Jupiter is designed to provide key liquidity support through its swap aggregation engine. This engine helps users efficiently trade tokens by pooling liquidity from various sources, making Jupiter an important part of Solana’s decentralized finance. 

Currently, JUP’s price is $1.114797, with a significant daily trading volume of $450.93 million and a market cap of $1.50 billion, making up around 0.05% of the total crypto market. The price has dropped by 4.64% over the past 24 hours but has shown a 10.27% gain over the last seven days and a 34.77% increase in the past month.

The coin’s technical performance suggests positive market sentiment. Jupiter’s current trading level is notably higher than its 200-day Simple Moving Average, trading approximately 33,431.36% above this marker, where the 200-day SMA is positioned at $0.003332. 

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This indicates strong long-term support, with 57% of trading days in the past month closing positively. The Fear & Greed Index reflects this optimism, currently registering at 84, which indicates “Extreme Greed” among market participants.

Jupiter’s 24-hour volume-to-market cap ratio of 0.3028 highlights relatively high liquidity, suggesting that trades can be executed with limited price slippage. Jupiter’s availability on major exchanges like Binance further boosts its accessibility and trading volume.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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