6 Best Altcoin to Buy Now

Today’s market dynamics reflect a blend of enthusiasm and caution. With a total trading volume surpassing $345.70 billion in the last 24 hours

Today’s market movements showcase a blend of enthusiasm and caution. With a total trading volume surpassing $345.70 billion in the last 24 hours, sentiments remain notably bullish. This is indicated by the crypto Fear & Greed Index registering a reading of 74, firmly in the “Greed” territory.

A select few cryptocurrencies have delivered substantial returns to investors. On the other hand, some have seen a significant decrease in their market value. This article looks at some altcoins that are currently worth considering.

6 Best Altcoin to Buy Now

Chainlink boasts a remarkable 13.02% gain in 24 hours. Moreover, WienerAI merges dog meme culture with artificial intelligence, capturing significant attention in the crypto community. Jack Dorsey predicts this top cryptocurrency could reach $1 million by 2030.

1. ArcBlock (ABT)

Arcblock is based on the Ethereum blockchain and functions as an ERC-20 token. It serves as a platform for developing and deploying decentralized web applications. Arcblock promotes itself as a comprehensive blockchain 3.0 product platform, making building, deploying, and managing applications easier.

However, the token is experiencing a significant rally as bullish pressure increases. The platform simplifies the creation of DApps. The altcoin is priced at $4.54, showing a 15.97% increase in the last seven days. Over the past month, ABT’s price has risen by 105.56%.

Analysts have predicted that ABT has the potential for a short to mid-term rally. The token’s key momentum indicators are above their respective center lines, indicating significant buying interest. For instance, the 14-day Relative Strength Index (RSI) for ABT is 46.41, showing that the cryptocurrency is neutral.

Looks can be deceiving. pic.com/ETfV2zxpc5

— ArcBlock (@ArcBlock_io) May 19, 2024These indicator values suggest market participants are more inclined to accumulate ABT than distribute it. If the bullish momentum continues, ABT’s price could rise above $4.60, reaching $4.70. Should this trend persist, the price might test the upper resistance level of $5.50 by the end of the month.

2. LidoDAO (LDO)

LidoDAO enables users to stake Ethereum through its platform and receive stETH in return. The protocol operates on Ethereum using smart contracts that handle users’ deposits. Holding LDO allows holders to participate in governance proposals and vote on important decisions.

Meanwhile, the LDO token trades at around $2.11, demonstrating a 31.2% increase in the last seven days. The LDO price is below the 50-day and 200-day Exponential Moving Averages (EMA), indicating a past negative crossover. A strong upward trend could be expected if the price rises above these EMAs.

LDO also provides liquid staking for blockchains like Ethereum and Polygon, offering daily rewards without a lockup period. Users can stake any amount of ETH and receive stETH, which can be utilized across Ethereum and L2 blockchains. The current annual percentage rate (APR) is 2.9% for Ethereum and 4.2% for Polygon.

Lido Analytics Breakdown: May 13 – 20, 2024

• TVL up +4.20% to $28.72b.

• 7d stETH APR increased to 2.93%.

• wstETH on L2 up +9.26% to 157,029 wstETH.

• stETH in liquidity pools up +2.64% to 96.8k stETH.

• 7d (w)stETH trading volume at $1.11b, down 8.11%. pic.com/pw1fqB86HI

— Lido (@LidoFinance) May 20, 2024If Lido DAO (LDO) proves to be a good investment in 2024, this year could be advantageous for the cryptocurrency. Positive shifts in market momentum and investor sentiment might drive LDO to reach $5. Additionally, with future upgrades and developments in the Lido DAO ecosystem, LDO could surpass the ATH of $11.00 and set a new ATH.

3. ZetaChain (ZETA)

ZetaChain enables developers to transfer data and native value directly between chains. It also helps enable native smart contracts. This feature allows developers to create omnichannel dApps that manage funds across multiple chains from a single contract.

Furthermore, it enables cross-chain value transfers and fosters blockchain security through slashing, bonding, and staking mechanisms. It is also used to