Top 5 Cryptocurrencies to Invest in Now: Raydium, Uniswap, Jupiter, TRON (October 22 edition)
Breaking News: Cryptocurrency Market Gains Momentum, "Uptober" Proves Fruitful with Steady Increases
The cryptocurrency market is experiencing a surge, as "Uptober" seems to be living up to its reputation. Current net inflows mirror those seen during February's surge, suggesting another significant move may be imminent. In February, prices witnessed a sharp rise, and a similar pattern could be on the horizon.
As more capital flows into Bitcoin and altcoins, the market shows potential for another breakout. Experts predict that favorable external conditions could propel Bitcoin to potentially reach $100k, with altcoins likely profiting from the momentum. Consequently, investors are actively seeking affordable tokens, particularly the top altcoins to buy currently.
5 Top Altcoins to Purchase Now
- Raydiumraydium-protocol-logotype-text
Raydium, an automated market maker (AMM) and liquidity provider, operates on the Solana blockchain and supports Serum's decentralized exchange (DEX). The platform distinguishes itself by integrating with a central limit order book, giving liquidity providers access to both Serum's order flow and its liquidity pool. EURC, offered by @circle, is available on Raydium.
As of today, Raydium's price stands at $2.69, representing an 8.02% increase over the past 24 hours. Over the past year, the price has soared by 1,393%, outperforming 94% of the top 100 crypto assets, as well as Bitcoin and Ethereum. Moreover, Raydium is trading above its 200-day simple moving average, with 17 out of the last 30 days (57%) showing positive price movement. Its liquidity is considered strong relative to its market capitalization.
- Uniswapuniswap-logo-symbol
On October 22, Upbit, the largest cryptocurrency exchange in South Korea, listed UNI for trading in both its KRW and USDT markets. The token experienced a 5.2% increase following the announcement, reaching $8.31. UNI is currently priced at $7.95, reflecting a 4.41% gain in the past 24 hours. The token has grown by 87% over the past year and is trading above its 200-day simple moving average, indicating a stable upward trend. In the past 30 days, UNI had 15 days when the price closed higher than it opened, demonstrating consistent positive movement. Liquidity remains high in relation to its market cap.
Looking ahead, forecasters predict UNI's price will rise by 132.39%, potentially reaching $18.96 by November 21. Current market sentiment is bullish, with the Fear & Greed Index showing a score of 70 (Greed). Price volatility over the last month was 5.75%, suggesting this could be an opportune time to buy Uniswap. However, market conditions should be closely monitored before making any decisions.
- Jupiterjupiter-exchange-logo
Jupiter, a DEX aggregator, has announced the allocation of 50 million JUP and 7.5 million CLOUD tokens for its upcoming voting and active staking round. Incentivized activities, such as organic participation and the offering of various trading tools, are encouraged. The platform has been in existence since March. More than 67% of the token's supply has been unlocked, with the project focusing on maintaining price stability to prevent a potential downward trend.
At present, Jupiter's price stands at $0.987051, reflecting a 2.65% rise in the last 24 hours.
- TRON (TRX)TRON-logo-outline
TRON (TRX) is currently trading at $0.160246, showing a 1.22% increase in the last 24 hours. Over the past year, the value of TRX has risen by 76%, outperforming half of the top 100 cryptocurrencies. The current price is 17.54% higher than the 200-day simple moving average (SMA) value of $0.136391, indicating strong performance. Furthermore, TRON enjoys high liquidity due to its market capitalization, and it remains above its initial token sale price.
Technical indicators suggest a bullish sentiment, with the Fear & Greed Index showing a value of 70 (Greed). Over the last 30 days, TRON recorded green days on 47% of occasions, with a modest 2.01% price volatility. These factors suggest that now is a favorable time to consider buying TRX.
- Pepe Unchained ($PEPU)pepeunchained-official-logo
Pepe Unchained ($PEPU) has raised $21 million in its presale, coinciding with meme coins collectively reaching a $60 billion market value. Recent events, such as developer grant applications for its upcoming Layer 2 chain, have sparked further fundraising. At the current stage, investors can purchase $PEPU tokens for $0.0115. Since the presale began, the token's value has increased by 40%, with another 3.75% rise anticipated in the upcoming round.
Whale investors have exhibited considerable interest in Pepe Unchained, with multiple purchases exceeding $50,000. Given this activity, it seems that the project is attracting institutional investors. The project's online community, with 51,100 followers, also suggests potential future growth.
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In the midst of the steadily rising cryptocurrency market, top altcoins like Raydium, Uniswap, Jupiter, TRON, and Pepe Unchained are potential investments that could capitalize on the growing momentum. For instance, Raydium, an automated market maker on the Solana blockchain, has seen a 1,393% increase over the past year, indicating its strong performance in the market. Conversely, investors might find attractive opportunities in Pepe Unchained, which has managed to raise $21 million during its presale and is attracting significant institutional interest. As market trends signify a favorable environment for investing in altcoins, it is crucial for financial decisions to be made considering technology advancements and external conditions.
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