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Cryptocurrency News Articles
Top 5 Cryptocurrencies to Invest in Right Now as Bitcoin (BTC) Price Surges
Sep 23, 2024 at 03:43 am
The news of BNY's variance coincided with a surge in Bitcoin's price. This rise in value reflects growing market optimism and interest
The Bank of New York (BNY) has received a variance from the SEC’s Staff Accounting Bulletin (SAB) 121 guidelines, enabling it to offer Bitcoin (CRYPTO: BTC) custody services as part of its regular business operations. This marks a significant step in the institutional involvement in the crypto market.
The news of BNY’s variance coincided with a surge in Bitcoin’s price. This rise in value reflects growing market optimism and interest in the cryptocurrency market, particularly as major financial institutions like BNY become more involved. BNY’s ability to offer crypto custody services represents a positive signal for the broader crypto industry.
In addition to Bitcoin’s price rally, this development has a ripple effect on several altcoins, with many seeing positive price movements. As a result, investors are increasingly scanning the market for the best cryptocurrencies to invest in right now, seeking opportunities in both established and emerging digital assets.
Recently, ZRO has demonstrated a strong upward trend, while Flare has rolled out an upgrade to its data system. Here's a closer look at the top cryptocurrencies to consider for investment:
1. Optimism (OP)
Optimism employs optimistic rollups to enhance the Ethereum (CRYPTO: ETH) network’s scalability. This technology enables faster transaction speeds and lower costs, addressing one of Ethereum’s significant challenges as it maintains its position in the smart contract sector. As Ethereum seeks to accommodate broader adoption, solutions like Optimism are essential for supporting network expansion.
Optimism prioritizes long-term sustainability over quick fixes. Its design leverages Ethereum’s consensus mechanism while implementing optimistic rollups, facilitating increased efficiency without compromising security or decentralization.
Welcome @WalletConnect and its builders to the Superchain Ecosystem 🔥 https://t.co/ruYPXH0rt2
— Optimism (@Optimism) September 19, 2024
Optimism (OP) is currently trading at $2.28, down by 0.88% over the last 24 hours, but showing a price increase of 15.98% over the past week. The Fear & Greed Index is at 52, indicating a neutral outlook. Over the past year, OP’s price has risen by 31%, suggesting a positive trend.
Furthermore, it has traded above the 200-day simple moving average, which often signals potential continued growth. Optimism has shown resilience in terms of market performance, with 15 out of the last 30 days marked by price increases.
The project also boasts high liquidity, supported by its market capitalization, making it accessible for traders. Additionally, Optimism is available on major exchanges such as Binance, further enhancing its visibility and trading opportunities.
2. Pepe Unchained (PEPU)
Pepe Unchained is gaining attention as Pepe coin investors seek to diversify their portfolios. This project has attracted interest due to its decentralized nature and growth potential. With a focus on building a robust community, Pepe Unchained has positioned itself as a promising token in the market.
At press time, the project raised over $14 million, reflecting significant investor interest. The team behind Pepe Unchained aims to launch a developed ecosystem by supporting developers from the start. By the time of its official launch, they hope to have an established platform to support further growth.
14M
Riding the L2 wave! Big thanks to the community for the continued support! We are growing so fast! pic.twitter.com/EjlPQLZxjm
— Pepe Unchained (@pepe_unchained) September 20, 2024
One key aspect of Pepe Unchained’s roadmap is the development of a Layer 2 Mainnet, which is expected to offer lower transaction fees and higher staking returns. The presale valued the PEPU token at $0.00983, and investors could participate using various cryptocurrencies like ETH, USDT, BNB, or traditional payment methods such as credit or debit cards.
The project’s primary goal is simplifying trading by reducing transaction costs and delays, making it appealing to meme coin traders prioritizing speed and cost efficiency. A notable feature of Pepe Unchained is its developer grant initiative, branded as “Pepe Frens with Benefits.”
This program attracts developers to create applications, NFT projects, and decentralized finance (DeFi) tools on the network. Furthermore, PEPU aims to foster a vibrant ecosystem by early supporting developer engagement.
Its Layer-2 network promises faster transactions and lower fees than Ethereum, which could appeal to the meme coin community. This infrastructure might also boost the adoption and value of the PEPU token as the project continues to evolve.
3. LayerZero (ZRO)
LayerZero is an omnichain interoperability protocol that enables efficient message passing across different blockchain networks. Its primary function is facilitating secure and reliable communication between chains, acting as a “blockchain of blockchains.” This allows independent blockchains
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Ethereum (ETH) vs. Bitcoin (BTC) Pair Nears Cycle Bottom, Crypto Analyst Benjamin Cowen Says
- Sep 23, 2024 at 06:20 am
- In a new video update, crypto trader Benjamin Cowen tells his 813,000 YouTube subscribers that all altcoins will eventually bottom out against the crypto king and it appears as if ETH is poised to stop bleeding against BTC.
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- Nifty Island Releases Litepaper v1 Detailing the Utility of the Upcoming $ISLAND Token
- Sep 23, 2024 at 06:20 am
- Every week, this litepaper will be updated with more information to give players everything they need to know before the token officially goes live.
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- Meme Coins: SHIB, PEPE, DOGEN, and NEIRO — Which Will Lead the Charge?
- Sep 23, 2024 at 06:20 am
- A prominent figure in the Shiba Inu community has revealed exciting insights into the future of meme coins. Two specific narratives are anticipated to drive significant growth by 2025. This development hints at potentially lucrative opportunities within the crypto space. Delving deeper uncovers which coins might lead the charge in this evolving financial landscape.
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- Qubetics Presale: A New Opportunity to Invest in Blockchain Innovation
- Sep 23, 2024 at 06:20 am
- Reflecting on the success of past Initial Coin Offerings (ICOs) such as Ethereum, Binance Coin (BNB), Polygon, and Solana, it is evident that these projects have significantly shaped the blockchain world.
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- Arthur Hayes Sells 1.59M PENDLE Tokens for $5.62M, But the Price Surges by 24%
- Sep 23, 2024 at 06:20 am
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- A Buzz is Building in the Crypto World as an Overlooked Coin Shows Promise of Astonishing Returns
- Sep 23, 2024 at 06:20 am
- Investors are eyeing this under-the-radar asset, believing it could replicate Solana’s remarkable rise. With a modest $500 stake, some predict gains
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- Top 5 Cryptocurrencies to Watch in October 2024: KAS, SOL, ADA, CYBRO, and NEIRO
- Sep 23, 2024 at 06:20 am
- October 2024 brings a fresh update on the standout cryptocurrencies poised for significant growth potential. This brief glance introduces five noteworthy contenders that are capturing attention: KAS, SOL, ADA, CYBRO, and NEIRO.
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- Litecoin (LTC) May Break to the Upside as the Price Approaches the Key $50 Mark
- Sep 23, 2024 at 06:20 am
- The Litecoin price prediction shows that LTC is recovering from the daily opening price at the $7.40 level as the price heads to the upside.
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- Congressional Gold Medal presented to Lieutenant Robert Henley sold for £180,000 at auction
- Sep 23, 2024 at 06:20 am
- This was against an estimate of £40,000-50,000 at Noonans Mayfair on Thursday, September 19, in a sale of British, World Coins and Historical Medals.