5 Best Altcoins to Buy Now October 22 – Raydium, Uniswap, Jupiter, TRON

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The cryptocurrency market is gaining momentum, and “Uptober” is proving true to its reputation with steady increases. Current net inflows resemble those seen during February’s surge, hinting that another significant move might be on the horizon. 

Back in February, prices saw a sharp rise, and there’s potential for a similar pattern to emerge. As more capital flows into Bitcoin and altcoins, the market may be positioned for another breakout. According to experts, external conditions are looking favorable, and if this upward trend persists, Bitcoin could potentially reach $100k, with altcoins likely to benefit from the momentum. In light of his, investors are searching for affordable tokens, particularly the best altcoins to buy now.

5 Best Altcoins to Buy Now

Raydium, an automated market maker (AMM) and liquidity provider, operates on the Solana blockchain and supports Serum’s decentralized exchange (DEX). Meanwhile, Upbit, the largest cryptocurrency exchange in South Korea, has listed UNI for trading in both its KRW and USDT markets. 

TRON (TRX) is currently trading at $0.160246, showing a 1.22% increase in the last 24 hours. Pepe Unchained ($PEPU) raised $21 million in its presale, as meme coins collectively reach a market capitalization of $60 billion. In the political space, a prominent crypto political action committee (PAC) is focusing on closely contested House races as the 2024 election nears its conclusion.

1. Raydium (RAY)

Raydium is an automated market maker (AMM) and liquidity provider developed on the Solana blockchain for Serum’s decentralized exchange (DEX). What sets Raydium apart from traditional AMMs is its integration with a central limit order book.

This means that liquidity provided to Raydium is converted into limit orders, which are placed on Serum’s order books. As a result, Raydium liquidity providers gain access to both Serum’s order flow and its liquidity pool.

As of today, Raydium’s price stands at $2.69, reflecting an 8.02% increase over the last 24 hours. Over the past year, the price has surged by 1,393%, outperforming 94% of the top 100 crypto assets, as well as Bitcoin and Ethereum. Additionally, 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.

2. Uniswap (UNI)

Upbit, South Korea’s largest cryptocurrency exchange, announced the listing of UNI on its KRW and USDT markets. Trading is set to start on October 22 at 15:00 (UTC+8). UNI was already available for trading in the UNI/BTC pair. Following this news, the token experienced a 5.2% increase, reaching $8.31. Its fully diluted valuation (FDV) is now $8.31 billion.

UNI Price Chart

Currently, Uniswap (UNI) is priced at $7.95, showing a 4.41% gain in the past 24 hours. Over the last year, UNI’s price grew by 87%, outperforming 52% of the top 100 crypto assets. It is also trading above its 200-day simple moving average, indicating a stable uptrend. In the past 30 days, UNI had 15 days where the price closed higher than it opened. This shows consistent positive movement. Liquidity remains high in relation to its market cap.

UNI Tweet

Looking ahead, forecasts predict UNI’s price could rise by 132.39%. It may reach $18.96 by November 21, 2024. 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%. Analysts suggest this could be a favorable time to buy Uniswap. However, it’s important to closely monitor market conditions before making any decisions.

3. Jupiter (JUP)

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. The current claims window, open until December 31, covers rewards from previous community votes.

JUP Price Chart

In addition to organic participation, the platform is encouraging incentivized activities, offering a variety of trading tools that may evolve into airdrop-related tasks.

At present, Jupiter’s price stands at $0.987051, reflecting a 2.65% rise in the last 24 hours. It is trading above its 200-day simple moving average, with a bullish market sentiment, and the Fear & Greed Index currently indicates a “Greed” score of 70. More than 67% of the token’s supply has been unlocked, with the project focused on maintaining price stability to prevent a potential downward trend.

4. TRON (TRX)

TRON (TRX) is currently priced at $0.160246, reflecting a 1.22% increase in the last 24 hours. Over the past year, its value has risen by 76%, outperforming half of the top 100 cryptocurrencies. Trading above the 200-day simple moving average (SMA), TRON’s current price is 17.54% higher than the 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.

TRX Price Chart

Technical indicators suggest a bullish sentiment, with the Fear & Greed Index showing a value of 70 (Greed). In the last 30 days, TRON recorded green days on 47% of occasions, with a modest 2.01% price volatility. These factors may suggest that now is an opportune time to consider buying TRX.

Looking ahead, predictions for October 2024 indicate a potential reversal in market trends, with an expected price range between $0.127709 and $0.162226 and an average value of $0.14082. This represents a projected monthly decline of 6.97%, offering short-term buyers a potential return of 20.31%.

5. Pepe Unchained ($PEPU)

Pepe Unchained ($PEPU) has raised $21 million in its presale, coinciding with meme coins collectively reaching a $60 billion market value. Following its $20 million milestone, the coin attracted an additional $1.2 million in contributions over the past four days. Given this rapid progress, it seems feasible that the project may hit the $22 million mark soon, especially as interest has increased after the announcement of developer grant applications for its upcoming Layer 2 chain.

The broader cryptocurrency market has recovered from a slow start this month, and Pepe Unchained appears to be capitalizing on this positive trend to drive 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 shown notable interest in Pepe Unchained, with multiple purchases exceeding $50,000. For instance, one whale recently exchanged $53,563 worth of Ethereum for 4.6 million $PEPU tokens. These large acquisitions may signal confidence among institutional investors, suggesting that the project is attracting “smart money.”

The project has also gained momentum within the online community, with its following on X (formerly Twitter) reaching 51,100 users. For a token still in its presale phase, this level of investor interest and community engagement hints at potential future growth, especially when it becomes accessible on exchanges. 

Pepe Unchained’s presale success is partly driven by its recent announcement of developer grants for its upcoming Layer 2 blockchain. The project has opened applications for these grants, which aim to attract developers with innovative ideas for the platform. 

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