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The People’s Bank of China has unveiled a significant stimulus package aimed at boosting liquidity in the economy, which is causing ripples across global markets. According to reports from the South China Morning Post, this stimulus is being referred to as a “policy bazooka.” The timing of this package coincides with a recent rate cut by the US Federal Reserve, leading to heightened attention from global investors.
This increase in liquidity could potentially have a positive effect on the cryptocurrency market. While the immediate effects of China’s stimulus on cryptocurrency prices are uncertain, increased liquidity in the global economy typically encourages risk-taking, and digital assets could benefit from this shift. As such, market participants are looking for the top cryptocurrencies to invest in now.
Top Cryptocurrencies to Invest in Now
Robinhood recently expanded its cryptocurrency options in New York, now including Tezos. This year, Celo has gained more attention, especially among stablecoin operators. ApeChain is set to launch soon, and its partnerships with major companies are expected to improve the platform’s usability, which may drive further adoption.
1. Tezos (XTZ)
Tezos is designed to facilitate dApps and asset management. The platform emphasizes on security through formal verification, a process that ensures the accuracy of smart contract code. It also features its on-chain governance system, which allows stakeholders to propose and vote on upgrades to the network, helping it evolve without needing disruptive hard forks.
Moreover, Tezos stands out as an early adopter of the liquid proof-of-stake (LPoS) consensus mechanism, where token holders can participate in securing the network and validating transactions. Recently, Robinhood expanded its cryptocurrency offerings in New York, adding Tezos alongside Uniswap and Stellar. This announcement has stirred optimism within the Tezos community, leading to a noticeable price uptick for XTZ, Tezos’ native token.
😯 Guess what!@Oobit is using Tezos to bring Tap & Pay to you 👏
From your morning coffee ☕ to a new gadget—you can now use your tez at any @Visa or @Mastercard terminal worldwide 🌍
More here 👉 https://t.co/buLyQAYfRb pic.twitter.com/V1kXRpJTiA
— Tezos (@tezos) September 24, 2024
The listing has improved market sentiment, contributing to short-term gains in the token’s value. Furthermore, XTZ is currently in an uptrend but showing signs of consolidation. The token is attempting to hold the $0.70 price level, and in the short term, it may continue to trade sideways. At the time of writing, XTZ is priced at $0.7237, reflecting a daily gain of 2.87%.
Over the past week, the token has increased by 8.42%, with 17 green days in the last 30 days, indicating a generally positive performance. It is also trading near its recent cycle high and enjoys high liquidity relative to its market capitalization.
2. Celo (CELO)
Celo is a carbon-negative, permissionless blockchain that emphasizes sustainability and inclusivity in the financial system. It has developed a diverse ecosystem with global partners who are using the network to create Web3 dApps that aim to provide broader access to financial services. This focus on accessibility makes it an attractive platform for developers seeking to build applications that promote financial inclusion.
This year, Celo has seen a notable uptick in adoption, particularly among major stablecoin operators. This increased usage has been reflected in its market performance. The price of Celo rose by 3.24% over the last 24 hours, reaching $0.6493. Trading volume also saw a sharp rise, increasing by 80% to $209 million.
Build together and prosper 💛🖖 https://t.co/SrO6Bgs63D
— Celo 🦇 🌳 (@Celo) September 25, 2024
The recent price surge followed comments from Ethereum co-founder Vitalik Buterin, who praised Celo’s performance. In a post on the X platform on September 25, 2024, Buterin acknowledged that Celo had surpassed Tron in daily active addresses for stablecoins. His remarks were based on data from Artemis.xyz, which showed Celo leading Tron in stablecoin usage during September 2024.
Meanwhile, the CELO token is currently trading above its 50-day and 200-day Simple Moving Averages. This trend is generally viewed as a bullish signal, indicating positive momentum. Celo is positioned as a blockchain focused on sustainability and financial inclusion, with growing adoption and positive market trends.
3. ApeCoin (APE)
ApeCoin has drawn attention recently, mainly due to its plans to launch ApeChain, a layer-2 network designed to facilitate decentralized application (dApp) development. The platform aims to streamline the creation and distribution of digital content, tools, and services. Its goal is to provide developers with a more accessible platform for building decentralized applications while improving user experiences and onboarding processes.
Moreover, ApeCoin features the Reboot Protocol and Native Yield, which the project claims will make dApp development both simpler and potentially more profitable. These tools are expected to optimize how developers create applications, reduce complexity, and increase potential earnings by integrating yield-generating mechanisms directly into the platform.
From a market perspective, ApeCoin is currently trading at $0.8446, reflecting a 1.67% increase over the past 24 hours. Over the last week, it saw bullish activity, reaching a high of $0.89, its highest level since August. Additionally, APE has seen 15 green days out of the last 30, showing a 50% positive momentum.
ApeChain’s upcoming launch and its strategic partnerships with leading firms are expected to enhance the platform’s usability, which could lead to further adoption. The combination of its focus on web3, broad application potential, and integration of innovative tools positions the APE token as one of the top cryptocurrencies to invest in now.
4. Pepe Unchained (PEPU)
Pepe Unchained has reached a notable milestone by raising $15 million during its presale. As of now, there is just over a day left for investors to buy PEPU tokens at the fixed presale price of $0.00985. Afterward, the price will increase slightly to $0.00986 in the next round.
The presale structure encourages early participation, as those who invest sooner may see larger potential returns. The project is currently built on the Ethereum network but has plans to create its blockchain in the future. This strategic shift could expand its ecosystem, potentially supporting additional tokens and meme coins.
A key part of its vision is to offer faster transaction times and lower gas fees, positioning itself as a more efficient option for investors and users compared to other networks. Pepe Unchained claims to be the first meme coin to implement this specific technology, allowing transactions that are significantly faster and cheaper than those on Ethereum.
The scalability improvements aim to offload transaction processing from Ethereum’s main chain, leading to enhanced efficiency. Stakers of the PEPU token are currently offered a variable yield rate of 138% APY, which is higher than the returns provided by other Layer 1 meme coins.
An incredible $15M raised! 🔥
Get warmed up for the biggest launch of this bull season! pic.twitter.com/EyDn4uzZ6z
— Pepe Unchained (@pepe_unchained) September 24, 2024
In addition, Pepe Unchained aims to stand out in the crowded meme coin market by leveraging technology to provide better scalability, lower fees, and competitive staking rewards. Its upcoming transition to its blockchain may further solidify its position, but as with any project, the long-term success will depend on execution and market conditions.
5. 1inch Network (1INCH)
The 1inch Network has introduced a notable upgrade aimed at enhancing the user experience when swapping crypto assets. This new feature allows users to exchange cryptocurrencies across multiple blockchain networks without losing control of their tokens, maintaining full self-custody throughout the process. By integrating both on-chain and off-chain liquidity, the network aims to offer users more convenient and secure swaps.
Additionally, the system includes built-in protection against maximal extractable value (MEV) attacks, a concern where miners exploit transaction ordering for profit. The upgrade, known as Fusion+, leverages atomic swap technology. Its technology ensures that cross-chain transactions occur securely and without the need for intermediaries, addressing risks traditionally associated with cross-chain bridges.
#1inchFusion➕ is designed to put users first, transforming how you interact with cross-chain swaps.
Want to know how our solution disrupts the current market? 👊
Watch our co-founder Sergej Kunz’s @deacix quote from TOKEN2049! pic.twitter.com/uGpHCQc4l0
— 1inch (@1inch) September 24, 2024
Fusion+ aims to provide users with a seamless experience by maintaining a trustless environment while improving the efficiency of the swaps. As of the latest data, the 1inch token is priced at $0.299, reflecting a 1.23% increase in intraday trading.
Over the past year, the price has risen by 11%, and the token has experienced 16 positive trading days in the last 30 days, indicating a 53% probability of upward movement. The 1inch Network continues to enhance its platform by focusing on security, user autonomy, and cross-chain functionality, positioning itself as a reliable option for decentralized token swaps.
Read More
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Soon
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