Highlights:
- Avalanche saw a 6.3% daily rise, fueled by a Visa-backed card launch and high-speed, eco-friendly transaction model.
- LINK rose 6.59%, driven by Solana Data Streams integration and increasing demand for decentralized oracles.
- Ethereum gained 5.49% as staking surpassed 14M ETH, with strong whale accumulation boosting investor confidence.
Bitcoin continues to make a Q4 run, just crossing over $70,000. Bitcoin’s fourth quarter has usually been strong in the past, driven by seasonal factors and growing interest. This October rise follows past trends, creating excitement across the market.
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Bitcoin’s price has surged 5% in the past 24 hours, adding to bullish investor sentiment. When Bitcoin’s value increases, it becomes inaccessible for many investors. This drives most investors to altcoins, making them surge.
Altcoins provide affordable entry points with high growth potential. Some support unique blockchain projects, hence making them versatile options. Here are the top altcoins to consider investing in today, each offering distinct value in the dynamic crypto market.
Best Altcoins to Invest in Right Now
1. Avalanche (AVAX)
Avalanche is up over 6.3% in the past 24 hours, trading at $26.78, following a positive market reaction to recent developments. With adoption across the network picking up, its market cap is now around $9 billion. Meanwhile, trading volume has increased by 120%, which suggests strong liquidity and ongoing investor interest.
Avalanche is known for its speed and efficiency. In comparison to Ethereum’s 30 TPS, it processes over 4,500 transactions per second. Avalanche’s speed, paired with the low transaction fees, makes it a good option for developers and users. It also promotes environmental efficiency over energy-intensive blockchains with its unique consensus model.
The Avalanche Card, recently introduced by Avalanche and launched in partnership with Visa, extends the utility of AVAX and allows cryptocurrency spending in everyday purchases. This feature integrates the coin into daily spending to broaden the adoption of the coin to a wider audience.
Avalanche $AVAX Launches Visa Card for Crypto Payments 🚀 pic.twitter.com/DmcwSetSvB
— adil özkan (@adlozkan) October 28, 2024
2. Chainlink (LINK)
LINK is trading at $11.48, up 6.59% over the last 24 hours. At the same time, its market cap has increased by 6.59% to about $7.2 billion from the increasing demand for its decentralized Oracle technology. Chainlink has a total supply of 1 billion LINK and about 626.85 million circulating, making it an important asset in blockchain applications.
One thing that sets Chainlink apart is its decentralized Oracle network linking smart contracts and real-world data. This network allows one to have the smart contract executed based on verified real-time data for asset prices. Unlike other blockchains, Chainlink is blockchain agnostic, running across multiple networks, and boosting interoperability. This makes it a preferred choice for developers.
Chainlink introduced Data Streams on the Solana mainnet, offering Solana developers access to high-frequency, sub-second market data. This addition strengthens Chainlink’s role in the blockchain ecosystem by expanding access to decentralized, high-speed data.
#Chainlink Data Streams is available on @solana mainnet, featuring @GMX_SOL as a launch partner.
Solana devs now have access to high-frequency, sub-second market data backed by Chainlink's time-tested, decentralized infrastructure.#RoadToSmartCon pic.twitter.com/K4SS4TnYJn
— Chainlink (@chainlink) October 28, 2024
3. Ethereum (ETH)
The price of ETH is $2,620, with a 5.49% rise over the past 24 hours. This has increased its market cap to $315.29 billion and the trading volume has surged by 94.33%. The circulating supply of Ethereum is around 120.4 million ETH.
The standout feature of Ethereum is its support for smart contracts, which allows for the deployment and execution of decentralized applications in many other sectors like NFTs and DeFi. Ethereum operates on a Proof of Stake model and is more scalable and energy efficient.
ETHEREUM SOLID AT $2,600 AS LIQUID STAKING SKYROCKETS
Ethereum’s sitting strong above $2,600, boosted by 14 million ETH in liquid staking—over five times what U.S. Ether ETFs hold. Growth like this shows where the ecosystem’s moving, fast.
With Lido taking nearly 70% of liquid… pic.twitter.com/zS5Z2qKdGi
— IBC Group Official (@ibcgroupio) October 29, 2024
Ethereum’s liquid staking has surged, surpassing 14 million ETH. This increase signals robust demand as more investors stake their assets within the network. Ethereum has seen increased whale activity, with major holders accumulating significant amounts of ETH. This surge indicates growing confidence in Ethereum’s long-term potential. These altcoins give the best value for investments today as the Q4 bull market continues.
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