Top 5 Cryptocurrencies to Invest in Right Now Amid This Bullish Market Momentum

This week, the cryptocurrency market is experiencing a strong bullish trend, partially fueled by the recent U.S. presidential election.

This week, the cryptocurrency market is experiencing a strong bullish trend, partially fueled by the recent U.S. presidential election. This development has drawn the attention of Polymarket bettors, who have benefited from recent market moves. Bitcoin reached a significant milestone on Friday, surpassing $77,000.

The surge followed the U.S. Federal Reserve’s decision to lower interest rates by 25 basis points, setting a new target range of 4.50% to 4.75%. During the announcement, Fed Chair Jerome Powell emphasized that the rate adjustment was unrelated to the recent election results.

The Fed’s decision appears to have injected fresh optimism into the crypto market. Beyond Bitcoin, several leading cryptocurrencies saw gains in response to the interest rate cut, contributing to the broader rally. This article analyzes the top crypto to invest in right now amidst this bullish momentum.

Top Crypto to Invest in Right Now

The Graph token currently stands at $0.1671, reflecting a 7.81% increase in the past 24 hours. Meanwhile, Flockerz’s presale campaign has successfully raised over $1.3 million so far. MANTA token, at present, is trading around $0.7541, showing a recent intraday gain of 5.87%.

Market sentiment leans toward optimism, as indicated by a Fear & Greed Index score of 69.

1. Chiliz (CHZ)

Chiliz is a cryptocurrency designed for the sports and entertainment industry. It powers Socios, a platform that lets fans engage more directly with their favorite sports teams by participating in certain team decisions.

Through this system, fans shift from passive spectators to active participants, gaining limited voting rights on specific matters by holding fan tokens purchased with CHZ. Moreover, Chiliz has partnered with notable sports organizations, including football clubs like FC Barcelona, Manchester City, Juventus, and Paris Saint-Germain.

It has also expanded to other areas, forming partnerships with the UFC and various e-sports organizations. By holding CHZ, fans can access fan tokens that connect them more closely with these teams.

Furthermore, CHZ trades at $0.06289, reflecting a 2.05% increase over the last 24 hours. Its 24-hour volume-to-market cap ratio is 0.1428, which suggests decent liquidity for its market size. Over the past month, CHZ showed 16 positive trading days. This could indicate some stability, though not strong upward momentum.

The 14-day Relative Strength Index (RSI) for CHZ is 44.01. An RSI close to 50 generally indicates a balanced market without strong buying or selling pressure. At this level, CHZ may see limited price movement and potentially continue to trade within a stable range.

2. Manta Network  (MANTA)

Manta Network offers a modular framework for Web3, focusing on privacy and scalability for decentralized applications (dApps). It supports Solidity-based applications, enabling developers to build on a familiar language while leveraging Manta’s infrastructure for potentially faster transactions and lower gas fees than traditional Layer 1 and Layer 2 networks.

This approach addresses some common blockchain issues around speed and cost, which can impact usability as networks grow. At the time of writing, the MANTA token trades at around $0.7541, showing a recent intraday rise of 5.87%. Market sentiment is relatively optimistic, with the Fear & Greed Index reading at 69 (Greed).

Moreover, the token has witnessed 15 positive trading days in the last 30, suggesting notable interest or demand. The token’s 24-hour volume-to-market-cap ratio is at 0.2083, which indicates fairly high liquidity.

Price predictions from Coincodex estimate a potential 230.25% increase, suggesting MANTA could reach $2.47. These forecasts reflect current market optimism but should be approached cautiously due to the volatility typical in the market.

3. Avalanche (AVAX)

Avalanche (AVAX) is currently priced at $29.50, marking a 6.97% increase over the past 24 hours. The token records a trading volume of $475 million, surging 6.89% in the past day. Furthermore, AVAX gained 19.77% last week and 12.91% over the past 30 days, suggesting sustained buying interest.

Meanwhile, market sentiment surrounding the AVAX token is currently positive, as indicated by a Fear & Greed Index score of