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The decentralized finance (DeFi) sector contributed $5.52 billion, representing approximately 11.80% of the overall crypto market’s 24-hour trading volume. Interestingly, stablecoins played a dominant role, accounting for $41.54 billion, which comprises about 88.82% of the total crypto market’s trading volume within the same duration.

7 Best Altcoins to Invest in Right Now

Bitcoin’s market dominance, a key metric in the cryptocurrency landscape, experienced a slight decrease, resting at 51.54%, marking a marginal decrease of 0.02% within the day.

1. NEM (XEM)

NEM has shown a 13% price increase in the past year, outperforming 55% of the top 100 crypto assets. It’s currently trading above its 200-day simple moving average, with 18 out of the last 30 days being green (60% positive trading days).

XEM Price ChartXEM Price Chart

Moreover, NEM’s liquidity remains strong, supported by a market cap of $325.07 million, a 24-hour trading volume of $19.98 million, and a market dominance of 0.02%. NEM’s highest price of $2.09 dates back to January 4, 2018, while its lowest was $0.00007930 on September 15, 2015. In the recent cycle, it reached a low of $0.020048 and a high of $0.044264.

There are 9.00 billion XEM in circulation, aligning with its maximum supply. Based on market capitalization, NEM is ranked #50 in the Layer 1 sector. Its price prediction sentiment is neutral, though the Fear & Greed Index is 69. Thus indicating a sense of greed among investors.

2. Klaytn (KLAY)

Klaytn exhibits consistent strength by trading above its 200-day simple moving average. Over the last 30 days, it saw positive results in 18 out of 30 sessions, marking a 60% success rate.

KLAY Price Chart KLAY Price Chart

This digital asset boasts high liquidity, primarily on Binance, a prominent trading platform. With a market cap of $547.44 million and a 24-hour trading volume of $35.89 million, Klaytn holds a market dominance of 0.04%.

Looking back at its price history, Klaytn peaked on April 2, 2021, hitting an all-time high of $4.35. Its lowest point was recorded on May 6, 2020, at $0.055524. Since its previous all-time high, it hit a low of $0.108018 (cycle low) and a high of $0.194971 (cycle high). Presently, sentiment analysis for Klaytn’s price prediction indicates a neutral outlook. The Fear & Greed Index sits at 69, signaling a “Greed” sentiment among traders.

3. Render Token (RNDR) 

Render Token (RNDR) has witnessed a significant surge in value over the past year, marking an impressive 609% increase. This rise places it among the top-performing cryptocurrencies, outshining 97% of the top 100 assets. This includes leading names like Bitcoin and Ethereum.

RNDR Price Chart RNDR Price Chart

At its current price of $3.40, RNDR maintains a consistent trading pattern above the 200-day simple moving average. Out of the last 30 days, it has experienced positive trends on 19 occasions, reflecting a 63% positive trading rate. 

Moreover, the token boasts high liquidity, evident from its market capitalization, and actively trades on Binance. RNDR also boasts an intraday trading volume of $723.16M, a market cap of $1.26B, and a market dominance of 0.09%.

4. Avalanche (AVAX)

Avalanche (AVAX) has seen considerable price movements on Binance in the past year. Currently priced at $22.26, AVAX holds a $7.91B market cap and a 24-hour trading volume of $1.96B. Furthermore, it holds a 0.57% market dominance, marking a 10.34% surge in the last 24 hours.

AVAX Price Chart AVAX Price Chart

Over the past year, AVAX’s price surged by 70%, outperforming 73% of the top 100 crypto assets. It consistently traded above its 200-day moving average. Therefore signaling positive market sentiment and growth compared to its initial token sale price.

Recent trends show promise, with AVAX experiencing 23 green days out of the last 30, indicating a 77% positive trading rate. This trend fuels a bullish sentiment in its price prediction. Moreover, Avalanche boasts high liquidity based on its market cap. It also has a current circulating supply of 355.60M AVAX out of a max supply of 720.00M AVAX.

5. Gas (GAS)

Gas, a prominent asset within the NEO Network, has undergone significant changes in the past year. During this period, its price soared by 309%, positioning it among the top-performing assets. Notably, Gas outpaced 92% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. It’s important to highlight that Gas consistently traded above its 200-day simple moving average, indicating a sustained upward trend.

GAS Price Chart GAS Price Chart

Over 30 days, Gas experienced 18 positive price movements, marking a 60% upward trend. Its liquidity remains strong, evident in its substantial market capitalization and active trading presence on Binance. 

Presently, Gas is priced at $8.39, with a 24-hour trading volume of $310.39 million and a market cap of $545.62 million. Its market dominance stands at 0.04%. Over the last 24 hours, Gas’s price increased by 6.74%. Looking ahead, Gas currently reflects a neutral sentiment in price prediction. Meanwhile, the Fear & Greed Index registers 69, indicating a level of greed within the market.

6. Optimism (OP)

Optimism has shown impressive growth over the past year, with a substantial 95% increase in its price. This places it ahead of 76% of the top 100 crypto assets, indicating its competitive strength in the market.

Technically, Optimism is on an upward trend, consistently trading above the 200-day simple moving average. In the last 30 days, it has experienced 18 positive trading days, accounting for 60% of its recent activity. 

Historically, Optimism hit its peak price of $3.26 on Feb 24, 2023, and its lowest price of $0.401121 on Jun 18, 2022. After its all-time high, the lowest observed price was $0.896377, while the highest post-cycle low reached $1.927560.

OP Price Chart OP Price Chart

One of its notable attributes is high liquidity, supported by its substantial market capitalization. Optimism is actively traded on Binance, enhancing its accessibility and exposure within the market. In terms of supply, Optimism currently has 214.75M OP in circulation out of a maximum supply of 4.29B OP. Based on market capitalization, it holds the sixth position in the Layer 2 sector.

Regarding market sentiment, the Optimism price prediction remains bullish, accompanied by a Fear & Greed Index at 69, reflecting a tendency toward greed among market participants. Optimism displays significant growth, technical strength, and positive market sentiment. Its performance, liquidity, and market positioning make it a relevant player within the cryptocurrency landscape.

7. Bitcoin ETF Token (BTCETF)

The Bitcoin ETF Token project, a recent cryptocurrency venture, centers on leveraging the potential approval of a Bitcoin Exchange-Traded Fund (ETF). Its primary aim is to consolidate this opportunity into a single token, allowing investors to increase their exposure to this development.

What sets this project apart is its focus on the ETF approval process. Therefore, it offers higher returns than traditional Bitcoin investments due to its relatively modest market capitalization. As such, it may see gains estimated around 1-3 times its current value.

With a total supply of 2,100,000,000 tokens, 40% is available during the presale phase, starting at $0.0005 per token. In terms of funding, the project has raised $1,020,672 out of a $1,310,400 goal, signaling significant interest from buyers. This has propelled the Bitcoin ETF Token to the best altcoins to invest in. Interested investors should note the remaining 1 day until the price adjustment.

Visit the Bitcoin ETF Token presale.

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