December 29, 2024
Latest

6 Best Altcoins To Watch Today December 28 – BNB, Solana, Orchid, Optimism

cryptosheadlines014 mins


Join Our Telegram channel to stay up to date on breaking news coverage

The TON blockchain ecosystem experienced significant growth throughout 2024, fueled by its expanding decentralized finance (DeFi) sector, the integration of native $USDT, and the increasing popularity of mini apps. While the total value locked (TVL) peaked at $740 million in July, it has since settled at $248 million, solidifying TON’s position as a key player in the blockchain industry.

Additionally, the DeFi sector has grown significantly, with 50 active projects now operating, a notable increase from just 10 at the beginning of the year. In light of the positive crypto market wave, this article outlined other affordable tokens, particularly the best altcoins to watch today.

6 Best Altcoins To Watch Today 

The Solana network continues to make notable progress in cryptocurrency, with the proposed VolatilityShares Solana Futures ETF marking another key development in its growth. Optimism (OP) is preparing for a significant network upgrade as Arweave’s value has increased by 66% year-to-date (YTD).

Binance Coin (BNB) currently holds the #5 position among cryptocurrencies, trading at $702.89. Flockerz, a newly launched meme-based cryptocurrency, is drawing attention due to its ongoing presale and unique features. Meanwhile, Orchid (OXT) has seen a 10.78% price increase within 24 hours. CNBC shows these crypto projects could attract the most venture capital investments in 2025.

1. Solana (SOL)

The Solana network has been making significant strides in cryptocurrency, and the proposed VolatilityShares Solana Futures ETF adds another milestone to its journey. This ETF is designed to provide exposure to Solana futures while offering leverage options of 1x, 2x, and -1x.

SOL Price Chart

Solana’s market performance has been impressive. With its current price at $185.96 and a market cap of $89.19 billion, it is the sixth-largest cryptocurrency globally. Over the past 24 hours, the trading volume has reached $2.17 billion, with a volume-to-market-cap ratio of 2.44%. 

In the past year, Solana’s price has grown by an impressive 71%, outperforming 64% of the top 100 cryptocurrencies. It is trading 5.76% above its 200-day simple moving average (SMA), which is $176.24. This consistent trading above a key technical indicator highlights the strength of Solana’s upward momentum. Furthermore, its high liquidity relative to its market cap signals strong investor confidence and growing institutional interest.

2. Optimism (OP)

Optimism (OP) is set to undergo a major network upgrade and hard fork on January 10, 2025, at 2:00 (UTC+8). The upgrade aims to enhance the Optimism network’s scalability, performance, and user experience. As it introduces changes incompatible with older software versions, all network participants must update their systems to remain operational.

OP Price ChartOP Price Chart

Optimism (OP) is trading at $1.85, showing a 0.75% increase in the last 24 hours. Its market cap is $2.5 billion, and its 24-hour trading volume is $248.89 million, reflecting a 7.11% rise. The total and maximum supply of OP is 4.29 billion, with 1.35 billion tokens in circulation.

While the price prediction sentiment remains bearish, the Fear & Greed Index shows 72 (Greed), indicating optimism in the broader crypto market. Optimism has seen 15 green days in the past month, demonstrating solid liquidity and market activity ahead of the upgrade.

3. Arweave (AR)

Arweave (AR) is a decentralized storage network that provides permanent data storage. It powers the permaweb, a decentralized and permanent web hosting various community-driven applications and platforms.

Currently, Arweave is priced at $16.60, with a market cap of $1.09 billion, ranking it #91 among cryptocurrencies. Over the last 24 hours, its price has risen by 2.83%, with a 24-hour trading volume of $84.39 million. The network boasts a total and circulating supply of 65.65 million AR, close to its max supply of 66 million AR.

AR Price ChartAR Price Chart

Arweave’s price has surged by 66% in the past year, outperforming 62% of the top 100 crypto assets. Its positive performance relative to its token sale price and high liquidity highlights its growing adoption and stability in the crypto market.

Arweave is one of the top 100 cryptocurrencies by market cap. Hence, it continues to attract attention for its innovative approach to decentralized storage and data permanence, making it a noteworthy player in the blockchain space.

4. BNB (BNB)

Binance Coin (BNB) is ranked #5 among cryptocurrencies, with a current price of $702.89. The sentiment around Binance Coin remains bullish, with the Fear & Greed Index at 72 (Greed). Over the past year, the price has surged by 122%, outperforming 76% of the top 100 crypto assets during the same period. 

BNB is trading above its 200-day simple moving average, indicating a strong upward trend and high investor confidence. Additionally, it has achieved 15 green days in the last 30 days, where the daily closing price exceeded the daily opening price.

BNB Price ChartBNB Price Chart

With a positive performance compared to its token sale price and trading near its cycle high, Binance Coin has proven to be a resilient and high-performing asset in the cryptocurrency market. Its strong liquidity and steady growth reaffirm its position as a leading digital asset.

5. Flockerz ($FLOCK)

Flockerz, a new meme-themed cryptocurrency, has gained attention for its ongoing presale and innovative features. The project introduces a Vote-to-Earn governance system to encourage active participation and decentralized decision-making within its community.

The presale will end in 24 days and has already raised $7.6 million. Tokens are priced at $0.006504, and buyers can use either cryptocurrency or traditional payment methods to participate. Although no hard cap has been set, the presale might end earlier if the token supply sells out. Flockerz’s smart contract has undergone audits by Coinsult and Solid Proof, which confirmed its security.

During the presale, investors can stake their tokens to earn rewards. Over 500 million tokens have been allocated for staking, offering an annual percentage yield (APY) of 357%. However, this high rate will decrease as more users join the staking pool.

Flockerz aims to deepen community involvement through its decentralized autonomous organization (DAO), called FlockTopia. Token holders can vote on critical decisions related to the project, including updates to the code, marketing strategies, and partnerships. The Vote-to-Earn mechanism rewards users for participating in these votes. This feature strengthens the project’s and community connections by creating a sense of shared ownership.

After the presale ends, Flockerz plans to list the $FLOCK token on cryptocurrency exchanges. The team also intends to expand the project’s user base and launch the FlockTopia DAO officially. These developments are expected to increase engagement and bring more utility to $FLOCK holders.

Visit Flockerz Presale

6. Orchid (OXT)

Orchid (OXT) has experienced notable price movement, with a 10.78% gain in the last 24 hours. The token currently trades at $0.1202, reaching a session high of $0.1274. This surge reflects strong buying momentum, though the price has undergone minor retracement. Orchid’s market cap is $118.81 million, while its 24-hour trading volume has soared by 130.42% to $20.39 million. This significant increase highlights the growing interest in the token.

OXT Price ChartOXT Price Chart

The price faces resistance at $0.1250, with a stronger barrier at the session high of $0.1275. If the price breaks through these levels, it could target $0.1350, a key psychological milestone. On the downside, support exists at $0.1150, previously serving as a breakout point. Stronger support can be found at $0.1100, where the price consolidated before its recent surge.

Traders may want to take partial profits near $0.1250 and $0.1275. Setting stop-loss orders below $0.1150 can help secure gains against possible pullbacks. Long-term investors could consider accumulating during dips toward $0.1150 or $0.1100. Aiming for mid-term price targets of $0.1350 and $0.1400 could provide favorable returns.

Learn More

Newest Meme Coin ICO – Wall Street Pepe

Wall Street PepeWall Street Pepe

  • Audited By Coinsult
  • Early Access Presale Round
  • Private Trading Alpha For $WEPE Army
  • Staking Pool – High Dynamic APY

Wall Street PepeWall Street Pepe


Join Our Telegram channel to stay up to date on breaking news coverage





Source link

Related News