Top Cryptocurrencies to Invest in Now October 31 – ORDI, Core, Kaspa
Bitcoin ETF inflows recently surged to $900 million, signaling rising institutional interest and driving prices upward. On October 29, inflows reached their highest, boosting Bitcoin’s market cap to $1.42 trillion. This event also coincided with the Fear and Greed Index reaching 77, showing positive market sentiment.
The broader cryptocurrency market reflects this sentiment, with a global market cap of $2.42 trillion, a slight 0.06% increase from the previous day. The global Fear and Greed Index, at 66, suggests a “greed” sentiment. This sentiment has influenced several altcoins, which have also experienced strong market growth, attracting both retail and institutional interest. With rising optimism across the crypto market, top cryptocurrencies to invest in now offer promising investment opportunities for market participants.
Top Cryptocurrencies to Invest in Now
This article analyzes significant tokens investors can add to their portfolios. Shiba Inu recently drew attention for its rising price and increased trading volume. Meanwhile, Memebet raised $549,000 in its Initial Coin Offering (ICO) during its presale phase. Currently, the CORE token is trading at $0.9047, showing a daily increase of 0.46%.
1. Core (CORE)
Core is a Layer-1 blockchain designed to be compatible with the Ethereum Virtual Machine (EVM). This compatibility enables Core to support Ethereum-based smart contracts and decentralized applications (dApps), making it adaptable for developers familiar with Ethereum’s ecosystem.
The project has developed a dynamic ecosystem, hosting 46 decentralized finance (DeFi) protocols and gaining traction as a significant sidechain for Bitcoin. Since April 2024, Core’s total value locked (TVL) in DeFi protocols has surged by 3900%, reflecting rapid adoption and growing user interest in its DeFi offerings.
User engagement on Core is also notable, with over 900,000 unique active wallets recorded last week, positioning Core among the top 12 blockchains by this metric. This level of activity indicates rising interest and interaction within the network’s ecosystem.
Over 900,000 unique active wallets engaged on Core this past week! 🔥📈
Core is now a top 12 blockchain by unique active wallets. 🔶 pic.twitter.com/CDGTTlEUd2
— Core DAO 🔶 (@Coredao_Org) October 30, 2024
At press time, the CORE token is trading at $0.9047, registering an intraday gain of 0.46%. Despite a generally bearish market sentiment, the Fear & Greed Index registers a score of 69, indicating a prevalent optimistic mood among investors. CORE’s trading price remains 29.74% above its 200-day Simple Moving Average (SMA) of $0.703, often seen as a positive indicator in technical Analysis.
Additionally, CORE has shown price stability, with 15 positive trading days out of the past 30. The token also boasts high liquidity relative to its market cap, facilitating investors’ ease of trade.
2. Shiba Inu (SHIB)
Shiba Inu has recently gained attention due to its price momentum and increased trading activity. Currently trading near $0.00001866, SHIB has seen a slight increase of 0.72% over the past 24 hours, accompanied by a surge in trading volume. This activity reflects rising interest from investors and speculators, suggesting potential for short-term price movement.
The coin’s technical indicators show mixed signals. Shiba Inu trades about 10.21% above its 200-day simple moving average (SMA) of $0.00001696, a level that can sometimes indicate positive long-term momentum. The 14-day Relative Strength Index (RSI) stands at 67.21, indicating a neutral position, which could suggest sideways trading in the near term unless buying pressure increases.
If SHIB closes above the $0.000021 mark, some analysts suggest it could rise by up to 50% to reach $0.000029, based on historical price trends. CoinCodex’s forecast reflects a modest increase of 1.63%, predicting SHIB may reach $0.00001878 by early November.
NFT bridge is now live on Shibarium! 🎉 Easily deposit and withdraw your NFTs. Check out our thread for a step-by-step guide. #Shibarium https://t.co/cIFvr2555l
— Shib (@Shibtoken) October 28, 2024
A recent update to Shiba Inu’s ecosystem is the introduction of an NFT bridge on Shibarium, the project’s Layer-2 blockchain. This bridge allows Ethereum-based NFTs to function on Shibarium, broadening the blockchain’s functionality and potentially attracting new users.
3. Kaspa (KAS)
Kaspa is designed to support a high block rate, aiming for fast transaction speeds while maintaining the security standards typical of proof-of-work systems. Currently, its mainnet produces one block per second, with plans to increase this to 10 or even 100 blocks per second in the future. This development could, if achieved, raise Kaspa’s transaction capabilities significantly.
The cryptocurrency currently trades at $0.1159, registering an intraday increase of 8.88%. Over the past year, Kaspa’s price has increased by 126%, outperforming Bitcoin and Ethereum, as well as 63% of the top 100 crypto assets. It is trading well above its 200-day Simple Moving Average by 82.99%, indicating a consistent upward trend.
Furthermore, Kaspa’s liquidity remains strong, with a market cap of $2.89 billion and a daily trading volume of $307.81 million, resulting in a healthy volume-to-market-cap ratio of 0.1066. About 86% of its total supply is already in circulation, enhancing its trading flexibility.
The coin’s price shows relatively low volatility, with a 30-day volatility rate of 8%. Despite being 44% below its all-time high, it remains within a tight range near its recent cycle high, currently trading 8.21% below that point. Kaspa’s performance over the past 30 days has seen 12 positive trading days, showing a steady trend.
4. Memebet (MEMEBET)
Memebet has raised $549,000 in its Initial Coin Offering (ICO) as part of an ongoing presale. It introduces Memebet Token as the main currency for Memebet Casino, a crypto-gambling platform based on a meme coin model.
The platform aims to address slow transaction times seen in traditional banking by using blockchain technology, allowing users to make fast transactions. Users only need a cryptocurrency wallet to participate, avoiding typical registration processes like KYC verification or creating a formal account, which could make the betting experience more private and straightforward.
Furthermore, the Memebet project has a decentralized structure, with 70% of the tokens available for presale, 20% reserved for casino rewards, and 10% allocated to exchange liquidity. There is no portion reserved for developer compensation or private sales, which is unusual and suggests a focus on user involvement rather than insider control.
Moreover, Memebet Casino has signed a Regional Sponsorship with the Argentina National Football Team, the current world champions. This partnership may help increase the platform’s visibility among global sports fans. As the project moves forward, its potential success will likely depend on broader user adoption, market demand, and possible regulatory considerations.
Visit Memebet Presale
5. ORDI (ORDI)
ORDI is currently priced at $34.60, with a daily trading volume of $344.66 million and a market cap of $727.36 million, giving it a market dominance of 0.03%. Over the past 24 hours, ORDI’s price has fallen by 0.97%, although it still shows a weekly gain of 1.21%. The token’s high liquidity, relative to its market cap, may help stabilize price movements over time.
Currently, ORDI’s price prediction sentiment is bearish, while the Fear & Greed Index indicates a greed level of 69, often signaling that buyers are highly active in the market. ORDI has shown notable growth in the past year and is trading above a key moving average, reflecting long-term resilience. The token remains above its 200-day simple moving average, which can signal a long-term uptrend and may indicate overall strength, even if short-term sentiment remains cautious.
Recent price predictions suggest ORDI could rise by 228.53%, potentially reaching $114.55 by November. Estimates vary, with the expected price range between $34.87 and $118.65, influenced by last month’s performance.
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- Top Crypto to Buy Now
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