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On December 14, 2024, Bitcoin’s market dominance fell below 60%, signaling a shift toward altcoins. According to the Altcoin Season Index, altcoins have been outperforming Bitcoin, highlighting a growing trend in the market. Historical data, however, indicates that Bitcoin often regains dominance after significant altcoin rallies, suggesting this shift may be temporary.
The global cryptocurrency market cap currently stands at $3.66 trillion, reflecting a 1.97% increase in the past 24 hours. With altcoins driving much of this growth, investor attention is increasingly focused on identifying the best cryptocurrencies to invest in right now. This article will examine the top tokens to consider investing in, providing insights into their potential amid current market conditions.
Best Cryptocurrencies to Invest in Right Now
Injective has recently launched Injective AI Intern, a new feature designed to educate and engage users within its ecosystem. Meanwhile, Ondo has taken a significant step forward by integrating its tokenized real-world assets into BounceBit’s CeDeFi V2 platform. According to CoinMarketCap, OP has risen by 1.01% over the past 24 hours, signaling ongoing interest and activity in the market.
1. Injective (INJ)
Injective has recently introduced Injective AI Intern, a unique addition to its ecosystem designed to engage and educate users about Injective. Developed in collaboration with contributors, this AI-driven assistant combines knowledge with humor and sarcasm to make learning about the ecosystem engaging and entertaining. The AI Intern interacts autonomously on X (formerly Twitter), providing witty responses while promoting awareness of Injective’s offerings.
At the time of writing, Injective is exchanging hands at $28.22, reflecting a 2.83% increase over the past 24 hours. The token is trading 17.87% above its 200-day simple moving average (SMA), currently at $23.91. This trend suggests moderate bullish momentum, although price prediction sentiment remains neutral.
Brand new AI agent on Injective 💥@inj_ai is capable of autonomously chatting with anyone on X with sarcasm and an immense amount of knowledge about all things Injective.
Simply tag @inj_ai to any post to check out all of his neat tricks.
Brought to you by @echosdotfun https://t.co/5g2XdIhs6b
— Injective 🥷 (@injective) December 13, 2024
Furthermore, market performance indicators show a mixed outlook. The 14-day Relative Strength Index (RSI) is at 42.05, signaling a neutral zone with a likelihood of sideways movement in the near term. Additionally, Injective has experienced 17 green days out of the last 30, reflecting consistent yet cautious performance.
The 24-hour volume-to-market cap ratio stands at 0.0685, indicating relatively high liquidity given its market size. Meanwhile, the Fear & Greed Index currently reads 80 (Extreme Greed), reflecting increased investor confidence and interest in the market.
2. Optimism (OP)
Grayscale Investments has launched two new investment trusts targeting the governance tokens for Optimism and Lido DAO. The Optimism Trust leverages OP’s technology stack, which relies on Optimistic Rollups to address liquidity fragmentation while improving scalability and reducing transaction costs.
Optimism currently holds a total value locked (TVL) of approximately $800 million, playing a critical role in Ethereum’s scaling strategy. It also supports the Superchain, a framework of interconnected blockchains that includes Coinbase’s Base and Uniswap’s Unichain.
SuperchainERC20: One token. One Superchain.
We heard you had some questions so here is an FAQ 🧵 pic.twitter.com/lZc6pMidsr
— Optimism (@Optimism) December 10, 2024
Recent market activity shows OP’s price has risen 1.01% in the past 24 hours, according to CoinMarketCap. Market indicators reflect a cautiously optimistic outlook. The Fear & Greed Index is at 80, signaling Extreme Greed, while Optimism has recorded 18 green days in the last 30 days.
The 14-day Relative Strength Index (RSI) sits at 42.67, suggesting neutral momentum with a potential for sideways trading. Technically, Optimism remains strong, trading 29.21% above its 200-day Simple Moving Average (SMA) of $1.959. Analysts predict that OP’s price could fluctuate between $2.47 and $4.44 by year-end.
3. Ondo (ONDO)
Ondo Finance has integrated its tokenized real-world assets into BounceBit’s CeDeFi V2 platform, marking a step toward institutional-grade yield products by 2025. Known for its tokenized US Treasuries, Ondo contributes over $600 million in total value locked (TVL) across multiple blockchains, enhancing BounceBit’s ecosystem.
Meanwhile, Ondo currently contributes over $600 million in total value locked (TVL) across multiple blockchains. Notably, the USDY vault, backed by US Treasuries, offers non-US users flexible interest rates and daily liquidity.
At the time of writing, Ondo (ONDO) is trading at $1.88, marking modest intraday gains of 0.37%. The asset has shown strong momentum, recording 21 green days in the past month, representing 70% positive trading sessions. Ondo is also trading near its cycle high, reflecting increased market interest.
Key metrics such as the 24-hour volume-to-market cap ratio stand at 0.2918, indicating relatively high liquidity. Additionally, Ondo’s price prediction sentiment remains bullish, supported by the Fear & Greed Index at 80, signaling “Extreme Greed.”
Analysts forecast Ondo to trade between $1.84 and $3.32 by the end of the year. This projection suggests a potential 39.9% price increase, with possible returns of up to 77.72% for investors, assuming an average price of $2.61 in December.
4. Best Wallet Token (BEST)
Best Wallet’s Upcoming Tokens feature has spotlighted promising early-stage projects like Catslap and Pepe Unchained, bringing increased attention to its native token, BEST, which is currently in presale.
The platform positions itself as a multi-functional solution for cryptocurrency users, offering tools for asset management, trading, staking, and token discovery. By addressing the complexities of the crypto market, Best Wallet aims to provide a more user-friendly experience for beginners and experienced users.
Over $4 Million Raised in the $BEST Presale! 🔥
Best Wallet Family, we are unstoppable! This presale is advancing rapidly, and each phase is closing out faster than before.
Secure your $BEST tokens before we progress to the next stage! 🌟
Join here 👉 https://t.co/AALEwrMCmn pic.twitter.com/HpkPyzL4Ty
— Best Wallet (@BestWalletHQ) December 13, 2024
The BEST token presale has already raised over $4.4 million, with each token priced at $0.0232. BEST will serve as the foundation of the Best Wallet ecosystem, offering key benefits like reduced trading fees and enhanced staking rewards for token holders.
Additionally, the platform plans to launch the Best Card, a crypto debit card designed to streamline the conversion of cryptocurrencies into fiat currencies. This functionality can potentially make crypto transactions more practical for everyday use, which could attract a broader audience.
Through its combination of trading tools, rewards, and practical features, Best Wallet is creating an ecosystem aimed at simplifying crypto adoption. As the market continues to evolve, the platform’s focus on usability and innovation makes it an interesting project to monitor in the coming months.
Visit Best Wallet Token Presale
5. Pyth Network (PYTH)
Pyth Network, recognized as the largest and fastest-growing first-party oracle network, continues to expand its role in delivering real-time market data to decentralized financial applications (dApps). Supporting over 40 blockchains, Pyth provides 380+ low-latency price feeds covering cryptocurrencies, equities, ETFs, FX pairs, and commodities.
The project aims to bridge traditional finance and blockchain ecosystems by offering high-fidelity, real-time data essential for blockchain-based financial tools. Market indicators reveal that sentiment around the Pyth Network remains neutral, supported by a Fear & Greed Index score of 80, signaling “Extreme Greed.”
Furthermore, Pyth has experienced 21 green days over the past 30 days, demonstrating its steady momentum. The 14-day Relative Strength Index (RSI) stands at 51.94, suggesting that the cryptocurrency is in neutral territory and may continue trading sideways in the short term.
Thrilled to welcome the @SatoriFinance team to the Pyth pilled fam! Satori has integrated Pyth Price Feeds to further secure their perp DEX with real-time financial data.
FASTER 🏎️ https://t.co/zh1HipfUEC
— Pyth Network 🔮 (@PythNetwork) December 12, 2024
With a 24-hour volume-to-market cap ratio of 0.0966, the network also displays relatively high liquidity based on its market value. Meanwhile, analysts predict that Pyth could trade between $0.4522 to $0.818268 by year-end.
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