The 6 best Altcoin to invest in
1. ORDI
ORDI (ORDI) is currently priced at $30.89 and has gained 0.86% in the past 24 hours. Over the past year, ORDI has surged 965.16%, outperforming 96% of the top 100 cryptocurrencies. Notably, it has outperformed Bitcoin and Ethereum during this period.
ORDI is also trading above its 200-day Simple Moving Average (SMA) and is currently 126.78% above its SMA value of $13.55. This suggests a positive long-term trend and high liquidity relative to its market capitalization.
The forecast shows that ORDI price prediction might increase by 226.90% and might reach $100.91 by October 12, 2024. In the short term, the price prediction for the coming days shows a moderate growth with a valuation of $45.78 by September 19, 2024, which is a 48.31% increase from the current price.
Overall, sentiment around ORDI appears neutral, with 17 technical indicators showing bullish momentum. Based on recent trends, these forecasts offer a cautiously optimistic outlook for the cryptocurrency’s short-term performance.
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2.FLOW
Flow (FLOW) is priced at $0.5585, up 0.52% in the past 24 hours. Over the past year, its value has increased by 39.1%, showing a steady upward trend. In the past 30 days, the token closed higher than its opening price 17 days (57%), indicating good momentum.
The asset exhibits strong liquidity relative to its market cap, making it easier to buy and sell without significantly affecting its price. Flow’s price prediction is expected to rise by 228.24% and could reach $1.812543 by October 12, 2024.
Despite these optimistic forecasts, sentiment around Flow remains neutral, with 15 technical indicators showing a bullish trend. The Fear & Greed Index is 31, indicating that investors are cautious. In addition, Flow's volatility is relatively low, with a volatility of 4.34% over the past month. Given these data, I believe this is a good investment opportunity, but market sentiment and personal risk tolerance must be considered.
3. BNB
Binance Coin (BNB) has been steadily rising, rising for the fifth consecutive day. The intraday high reached $545, the highest level since August 27 and 15% above the lowest point this month. This means a clear recovery of more than 36% from the August low, in line with the broader cryptocurrency market, including tokens such as Sui (SUI), Popcat (POPCAT) and BinaryX (BNX).
The rise in BNB prices appears to be related to on-chain metrics. Data shows that the number of active addresses increased by 4% to 925,700 in the past 24 hours. At the same time, the total number of transactions increased by 15% to 4.2 million, the highest level in nearly a month.
However, the long-term picture is different. Active addresses have dropped significantly, down more than 75% from their peak of 3.58 million in December. Similarly, transaction volume peaked at 4.8 million in August but has since fallen by more than 75%. In addition, fees on the BNB Smart Chain have also been trending downward, falling from $1.5 million in April to $372,000.
4.SUI
Sui is trading at $1.02, up 0.14% in the past 24 hours. Although the rally has slowed slightly, the short-term outlook suggests a possible bullish reversal. Since the recent rally, the open interest of the SUI/USDT perpetual contract has been positively correlated with its price.
The liquidation range between $0.83 and $0.75 has been reached, sparking buying interest and driving Sui higher. If the price stays above $0.75, it could continue to rise to $1.10. If the momentum holds, the next resistance could be $1.40, $1.70, or even $2.00, which would imply a possible upside of more than 108%.
Despite being in the red for the past 30 days, Sui is now showing strong recovery momentum. Weekly gains of 26.66% and a 105.63% increase in trading volume indicate that bullish momentum is building. Sui’s price has also broken above the 50-day and 100-day EMAs, signaling further strength.
Although Sui’s Fear & Greed Index is at 31 (Fear), the RSI suggests that there is room for further gains. If the bulls take control, Sui may soon reach the resistance trendline at $1.1221.
5.TWT
TWT’s price is currently trading at $0.9635, up 11.53% in the past 24 hours. Its market capitalization has risen by 8.50% to $378 million, while trading volume has surged by nearly 120%. The token is trading 14.99% below its 200-day simple moving average, reflecting a slightly bearish momentum. However, despite a Fear & Greed Index score of 31 (Fear), market sentiment remains bullish, with optimism for further growth building.
TWT shows great potential for future earnings. If the project announces partnerships with other networks, its price could exceed $1.5. If the bullish trend continues, the token’s average price could reach $2 by the end of the year.
6. AR
Arweave is a decentralized storage network designed to preserve data forever. It is called the "collective hard drive that never forgets" and powers the "Permanent Web," a permanent decentralized network. The platform supports community-driven applications and websites. Launched in 2018, Arweave rewards users who store data on the network for a long time with its native token, AR.
Arweave’s unique approach to data storage aligns with a broader shift toward decentralization as we approach 2024. Investors looking for innovative blockchain projects may find Arweave attractive, especially as Altcoin continue to gain traction.
The price of AR climbed above $31 in mid-July but encountered resistance between $30 and $31.5. A breakout above this level could create a solid foundation for further gains. The increase in buying volume and the recent buy signal from the Supertrend indicator suggest a possible trend reversal.
AR has been trading between $19.68 and $26.94 for a few weeks, with traders buying near support and selling at resistance. If the bullish momentum continues, AR could rise above $35 and set new highs above $40.
in conclusion
It is worth mentioning that investing in cryptocurrency is a high-risk behavior. We need to be cautious in investment decisions and do sufficient research and risk assessment. At the same time, we also need to keep a cool head, not be swayed by market fluctuations, and make decisions that are in line with our investment strategy.
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