6 Best Altcoins To Watch Today October 5 – Tezos, Chainlink, Bitget Token, Worldcoin

Blockchain
0

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

The term “altcoin” has become more widely recognized as cryptocurrencies beyond Bitcoin (BTC) have developed. Altcoins refer to any cryptocurrency introduced after Bitcoin. Initially, many of these coins were derived from Bitcoin’s open-source code as forks. Over time, they have diversified, incorporating unique supply models and enhanced privacy features.

SUI, the native token of the Sui blockchain, has seen an impressive increase of over 330% in the past two months. This growth has earned praise from Cardano founder Charles Hoskinson, who acknowledged the success of the Sui team. This rally is SUI’s second-strongest bull run, with analysts suggesting it could rise by another 162%, potentially reaching a value of $4.56. Other altcoins are also experiencing positive price movements. For those looking to capitalize on the current market optimism, here are the best altcoins to watch today.

6 Best Altcoins To Watch Today 

Worldcoin has seen a significant decline, with 84% of its holders now facing losses. In contrast, Pepe Unchained (PEPU) has recently attracted considerable attention in the crypto community, particularly following its successful presale and the launch of a developer grant initiative. 

As of today, Worldcoin’s price is $1.79, reflecting a 3.20% rise in the last 24 hours. Meanwhile, Bitget Token (BGB) is trading at $1.052026, showing a 3.23% increase in the same period. Additionally, the emergence of spot crypto ETFs has prompted Bitwise to reconsider its fund lineup.

1. Worldcoin (WLD)

Worldcoin, a cryptocurrency project supported by OpenAI CEO Sam Altman, has experienced a decline, with 84% of its holders currently facing losses. As of today, the price stands at $1.79, reflecting a 5.92% increase over the last 24 hours. Over the past year, the price has grown by 8%.

In the last 30 days, Worldcoin has seen 17 “green” days—days where the closing price was higher than the opening. Despite recent losses, the token exhibits high liquidity relative to its market capitalization.

Forecasts suggest a potential rise of 225.48%, reaching $6.03 by November 2024. Currently, market sentiment appears neutral, and the Fear & Greed Index stands at 49, indicating a balanced outlook. With 14.05% price volatility recorded over the last month, some indicators suggest this may be a suitable time to consider buying Worldcoin. However, this prediction should be approached with caution, given the inherent volatility of the cryptocurrency market.

2. Pepe Unchained (PEPU)

Pepe Unchained (PEPU) has recently gained significant attention in the cryptocurrency space, particularly after its successful presale and the introduction of a developer grant initiative. The project has raised $17.6 million and plans to launch a Layer-2 network designed specifically for meme coins. The proposed network aims to offer faster transactions and lower fees than Ethereum while emphasizing security.

To support its growth, Pepe Unchained has introduced a developer grant program called “Pepe Frens with Benefits.” This initiative encourages developers to create decentralized applications (dApps), NFTs, and DeFi tools, providing resources ahead of the platform’s official release. This move is expected to help establish a solid foundation of practical applications, an important step given the competitive nature of the Layer-2 market.

From an investment perspective, Pepe Unchained has caught the interest of investors, offering an annual percentage yield (APY) of 123%. Currently, tokens are priced at $0.00992. The project has also drawn attention from crypto whales, with substantial investments such as 23 ETH and 10 ETH purchases, signaling confidence in the project’s potential. Overall, Pepe Unchained is positioning itself as a noteworthy player in the meme coin sector. 

Visit Pepe Unchained Presale

3. Bitget Token (BGB)

Worldcoin’s price today stands at $1.79, marking a 3.20% increase over the past 24 hours. The sentiment for Bitget Token’s price prediction remains bullish, while the Fear & Greed Index shows a neutral reading of 49.

BGB Price Chart

Over the last year, the price of Worldcoin has surged by 130%, outperforming 65% of the top 100 crypto assets, as well as Bitcoin and Ethereum. It is also trading above its 200-day simple moving average (SMA), currently 129.44% higher than the 200-day SMA of $0.46.

Notably, Bitget Token has shown 15 green days in the past 30 days, or 50%, reflecting positive momentum. It is also trading close to its cycle high and has strong liquidity relative to its market capitalization.

4. Wormhole (W)

The price of Bitget Token (BGB) currently stands at $1.052026, reflecting a 3.23% increase in the last 24 hours. Over the past 30 days, BGB has experienced 18 days (about 60%) where the daily closing price was higher than the opening price, indicating positive momentum. The token also shows strong liquidity relative to its market capitalization.

W Price Chart

As of October 5, 2024, the general market sentiment for Wormhole Token appears bullish. Seventeen technical indicators suggest an upward trend in its price. Based on forecasts, Wormhole is expected to see steady growth in the coming days. For instance, on October 8, 2024, it is projected to reach $0.387632, a 12.34% increase. By October 12, the price could climb to $0.512992, representing a potential gain of 48.66%. 

These indicators suggest that both tokens may experience continued upward movement in the short term, although it’s essential to consider market conditions and further technical analysis.

5. Chainlink (LINK)

Chainlink is currently priced at $11.22, with a 24-hour trading volume of $312.58 million and a market cap of $7.03 billion, representing a market dominance of 0.33%. Over the past 24 hours, the price has seen a modest increase of 1.14%.

LINK Price Chart

Notably, Chainlink has experienced a 46% price rise over the past year. The token has also demonstrated positive performance compared to its initial sale price. In the last 30 days, there have been 17 days (57%) where the daily close price surpassed the daily open, indicating some level of market optimism. Chainlink’s liquidity remains strong relative to its market cap, making it more appealing to traders.

Despite these metrics, current sentiment for Chainlink leans bearish, with only 13 technical indicators signaling bullish trends. The token continues to be actively traded on Binance, which adds to its accessibility and liquidity.

6. Tezos (XTZ)

Tezos (XTZ) stands at $0.667973, reflecting a 2.11% rise in the past 24 hours. Over the last 30 days, Tezos has shown positive performance on 18 days, or approximately 60% of the time, with the daily closing price exceeding the daily opening price.

Looking at recent data, Tezos traded at $0.672031 on October 10, 2024, with a 0.75% increase. This upward trend continued over the next few days, reaching $0.686336 on October 11 (2.90% gain), $0.686617 on October 12 (2.94% increase), and $0.696154 on October 13, marking a 4.37% gain overall.

XTZ Price Chart

Based on recent trends, the forecast for Tezos over the next 30 days suggests the price could stabilize at $0.696154 by October 13, 2024. For the upcoming week, the projection places XTZ between $0.667006 and $0.707659. If it hits the higher estimate, it may rise by 6.09% by October 14, 2024.

In the longer term, Tezos is expected to trade within a range of $0.624593 to $0.755298 for the remainder of 2024. If it reaches the upper target, the price could see a 13.07% increase, hitting $0.755298. This forecast is built on the current market performance and prevailing trends.

Learn More

Most Searched Crypto Launch – Pepe Unchained

Pepe UnchainedPepe Unchained
  • Layer 2 Meme Coin Ecosystem
  • Featured in Cointelegraph
  • SolidProof & Coinsult Audited
  • Staking Rewards – pepeunchained.com
  • $10+ Million Raised at ICO – Ends Soon

Pepe UnchainedPepe Unchained


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


Credit: Source link

You might also like More from author
Leave A Reply

Your email address will not be published.