Bitcoin is back above $44k and buying volumes are rising. This is a clear signal that bullish momentum is on the rise ahead of the upcoming block halving. This means, that now could be an excellent time to start taking positions in high potential altcoin altcoins. So, what are the best altcoins to buy now?
This is the question that this article seeks to answer in depth. The article identifies altcoins that are showing strong momentum now that Bitcoin is in the green again.
Besides the price pump, the article focuses on the factors behind these altcoins’ strong bullish sentiment. The idea is to give perspective on whether they can sustain the momentum and, by extension, outperform the market going forward.
Best Altcoins To Buy Today
In this article, we look at some of the cryptocurrencies that have done well in the last 24 hours and are showing signs of sustained momentum. The article looks at Doginphire’s rally and the Centralized exchanges that are listing it, Solana’s resilience after a network outage, and Kaspa’s new wallet integration. The article also looks at Celestia’s exponential growth in data published numbers and Jupiter taking 90 million Jupiter tokens out of circulation.
Doginphire (FIRE) is one of the top-performing cryptocurrencies at the moment. In the last 24 hours, Doginphire has gained by 228% to trade at $0.0041 with a market capitalization of $3.98 million.
This Doginphire rally in the day adds momentum to a cryptocurrency already up by 3800% in the month. While most cryptocurrencies enter a correction period after such a rally, Doginphire’s bullish momentum is only accelerating.
The sustained momentum is driven by centralized exchanges now taking note of Doginphire and are beginning to list it. Among those that have announced the listing of FIRE are Bitmart and Bing X.
These listings mean that FIRE tokens will be accessible to more traders. Considering that the excitement around FIRE token comes when bulls are in control across the market, this is an altcoin worth keeping an eye on today.
Solana has built a reputation as one of the most scalable platform blockchains today. Solana can handle thousands of transactions per second at a negligible fee. Solana’s scaling capabilities have seen it rise to its current market capitalization of $44.24 billion. This makes it one of the most valuable cryptocurrencies in the market today.
In the last 24 hours, Solana has gained by 5% to trade at $101. While it is not the biggest gainer of the day, Solana’s latest move is a big deal. That’s because it comes barely a day after Solana experienced a 5-hour network outage, reminiscent of the outages it used to experience more than a year ago.
The fact that the network outage did not trigger a network outage means that investors have full confidence in Solana. This momentum will likely be added to by the fact that the Solana blockchain has become the go-to network for launching meme coins. As meme coin mania hits the market ahead of the next parabolic crypto rally, Solana is an altcoin with strong growth potential.
Kaspa (KAS) has become one of the best Proof-of-Work networks today. Unlike conventional Proof-of-Work networks, Kaspa uses a technology called GHOSTDAG, which eliminates the creation of orphan blocks. Kaspa’s revolutionary approach to POW has played a role in its value growth. In the last 24 hours alone, Kaspa’s trading volumes are up by 191% to $78.259 million. Kaspa’s market capitalization currently stands at $2.84 billion.
Kaspa’s ecosystem is currently on an expansion path, which has been reflected in its price. KAS is now one of the best-performing altcoins. The latest pointer to Kasper’s expansion is the announcement that Kaspa is now integrated into CryptoWallet.com into its wallet.
This is a big deal as it will likely help drive the mass adoption of Kaspa. This is through an easy buying, selling, and swapping mechanism. As Kaspa’s price action continues to draw attention towards it, the chances of an exponential expansion are quite high.
Celestia (TIA) has been one of the top-performing cryptocurrencies in the month to date. In the last 24 hours alone, Celestia is up by 11% to trade at $19.57. Its market has also expanded significantly to stand at $3.184 billion.
Celestia is exciting the market because it wants to build a verifiable internet. If Celestia’s price action so far is anything to go by, there is no doubt that investors believe in its course. Besides the price, Celestia’s network metrics paint a bullish picture. When Celestia first launched, data published doubled every two months. This has now accelerated, and data published is doubling monthly.
This points to fast-growing adoption and will continue to reflect in the price. With Bitcoin halving just around the corner, Celestia is an altcoin worth watching.
Jupiter (JUP) has built a reputation as one of the most conspicuous decentralized exchanges on the Solana blockchain. Today, a large number of the Solana meme coins making waves in the market run on the Solana blockchain.
Jupiter’s strong market presence is evident in the rapid rise in its market capitalization, which now stands at $725.78 million. Trading volumes are also on the rise and, in the last 24 hours, have shot up to $460.25 million.
While Jupiter has experienced a lot of volatility recently, especially after the airdrop, there are pointers to a parabolic upside move. One of them is that the team behind Jupiter has taken out 90 million Jupiter tokens from circulation.
This is a big deal, as it will impact the demand and supply dynamics of Jupiter. With the level of activity on Jupiter on the rise and the broader market bullish, JUP is a high-potential altcoin to buy now.
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