Best Crypto to Buy Right Now September 17 – Pendle, BNB, Litecoin

0

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

Several cryptocurrencies are gaining traction due to their recent developments and market performance. New projects like Crypto All-Stars and Pendle are making waves with innovative features and significant gains. This analysis highlights the best crypto to buy right now, with key developments and metrics to help market participants assess their options.

Best Crypto to Buy Right Now

On-chain activity for Litecoin is on the rise, showing increased user interest. In just one day, active addresses grew from 285,924 to 289,064, which could drive more price movement. Meanwhile, AVAX has seen high volatility over the past month, but signs of a bullish trend are emerging. Additionally, Pendle has launched Bitcoin Arc, a new BTC staking pool designed to offer better yield strategies for Bitcoin holders.

1. Litecoin (LTC)

Litecoin facilitates fast, secure, and low-cost transactions using blockchain technology. Its transactions are typically confirmed in just a few minutes, and the associated fees are minimal. This makes Litecoin a viable alternative to Bitcoin, especially in regions where high transaction fees could deter usage.

Currently, Litecoin’s market value is $65.33, reflecting a recent positive trend after it broke through a key resistance level. This price movement indicates the potential for a broader bullish phase, as noted by recent market analyses. Over the past week, Litecoin has gained 2.31%, and within the last 30 days, it has had 16 days of price growth.

Additionally, Litecoin’s market liquidity is strong, supported by its sizable market capitalization. This liquidity makes it easier for users to trade the token without significantly affecting its price.

On-chain activities for Litecoin are increasing, suggesting growing interest from users. In a single day, active addresses on the network increased from 285,924 to 289,064. This rise in activity may fuel further price movements. 

However, net network growth remains flat at 0.34%, and concentration levels among large investors have declined slightly, down by 0.27%. These factors suggest cautious behavior from significant stakeholders despite the overall positive momentum. 

In addition, LTC is experiencing growing interest and increased activity, though some indicators show signs of caution among larger investors. Its low fees and fast transactions continue to make it a competitive option in the cryptocurrency market.

2. BNB (BNB)

Alchemy Pay recently announced its support for the BNB ecosystem. This collaboration enables Alchemy Pay’s On & Off-Ramp services to support various tokens on the BNB Chain, including its native token, BNB, and stablecoins like USDC and USDT. The update was shared via Alchemy Pay’s official X account, marking a significant milestone for the payment platform and the BNB Chain.

BNB Price Chart

This development enhances the user experience by simplifying fiat-to-crypto transactions, making the BNB Chain more accessible. Alchemy Pay’s integration further expands the reach of the BNB ecosystem, a blockchain known for its fast, scalable, and cost-effective infrastructure. This has positioned BNB Chain as a popular choice for developers building decentralized applications (DApps) and users engaged in decentralized finance (DeFi). 

With Alchemy Pay’s support, tokens on the BNB Chain become more recognizable and easier to use, benefitting new and seasoned users. This partnership aligns with BNB Chain’s goal to offer an accessible and efficient blockchain ecosystem.

Following the announcement, BNB’s price experienced notable growth. Between September 11 and 13, BNB rose by 7%, outperforming the 2% increase in the broader altcoin market. As of this writing, BNB is trading at $539.93, with an intraday surge of 3.60%. It also trades above its 200-day simple moving average, signaling positive momentum.

3. Avalanche (AVAX)

Avalanche is a prominent token within the decentralized finance (DeFi) sector, enabling the creation of scalable decentralized applications (dApps) without compromising speed, security, or reliability. This focus on pushing the boundaries of DeFi contributes to its standing as one of the top 20 cryptocurrencies by market capitalization.

Recent price analysis reveals significant volatility in AVAX over the past month, but a bullish trend appears to be forming. The token’s price has increased by 14.26% over the last 30 days, reaching $24. However, despite its potential, larger percentage gains may be found in other assets. At the time of writing, AVAX is trading at $23.99.

Furthermore, investor activity suggests that long-term holding of AVAX is on the rise, while short-term trading continues to play a role. For many traders, this pattern points to optimism, signaling potential further price increases, assuming no significant market downturn occurs.

AVAX Price Chart

In addition to its role in DeFi, Avalanche is expanding its presence in traditional finance. A notable development is ParaFi Capital’s plan to tokenize part of its $1.2 billion in assets on the Avalanche blockchain. This move reflects the growing interest from traditional financial institutions and aligns with AVAX’s broader efforts to solidify its place in the financial sector.

Key metrics such as rising staking participation, increasing total value locked (TVL), and growing investor confidence all suggest that AVAX is positioned for future price growth. Analysts believe that if the token surpasses key resistance levels, it could experience further upward momentum, supported by its expanding role in finance and the strength of its network.

4. Crypto All-Stars (STARS)

Crypto All-Stars is an emerging project aiming to consolidate the meme coin market by bringing various meme coin mascots together on a single platform. It has attracted attention primarily due to strong social media activity and increasing interest from investors during its presale phase. 

Since its presale launch, Crypto All-Stars has raised over $1.3 million, positioning itself as a notable contender in the meme coin market. The project’s growth coincides with an increase in meme coin listings on Binance, and there’s speculation that Crypto All-Stars could be next in line for a listing, much like NEIRO, which saw a significant price spike post-listing.

Unlike NEIRO, Crypto All-Stars introduces a unique utility to the meme coin ecosystem. It offers a staking protocol designed specifically for meme coins, allowing investors to earn returns instead of simply holding tokens in hopes of market rallies. This feature could appeal to those looking for more active ways to benefit from their holdings.

STARS Tweet

The native token, STARS, is priced at $0.0014477 during the initial coin offering (ICO), with expectations of a slight price increase to $0.0014535 as the next funding round progresses. STARS plays a key role within the platform, particularly in staking, where it can potentially enhance yields. This has contributed to the growing interest and momentum in the presale phase.

Visit Crypto All-Stars Presale

5. Pendle (PENDLE)

Pendle recently announced the launch of Bitcoin Arc, a new Bitcoin staking pool designed to offer more advanced yield strategies for BTC holders. This move expands Pendle into Bitcoin yield options and aims to attract users by providing ways to increase returns. The project has partnered with Corn, Lombard Finance, and Babylon Labs to offer unique opportunities within the decentralized finance sector.

Furthermore, Bitcoin Arc brings Bitcoin into the DeFi ecosystem, a space mostly focused on Ethereum and other assets. By creating new ways for BTC holders to earn returns, Pendle taps into a growing market. As the DeFi sector evolves, Pendle’s ability to innovate and offer new solutions could strengthen its role in this competitive area.

PENDLE Price Chart

Pendle’s token is trading at $3.30, showing a 1.61% increase in the past day. Over the last week, it increased by 6.28%, and it went up by 12.93% in the past month. Its price has surged 437% over the previous year, outperforming 89% of the top 100 crypto assets. It also did better than Bitcoin and Ethereum, a notable achievement in the crypto market.

From a technical standpoint, Pendle is trading above its 200-day simple moving average, indicating a positive trend. It has had 17 green days out of the past 30, showing consistent demand. The token seems well-supported and has high liquidity, especially since it’s traded on Binance. It also has a negative yearly inflation rate of -34.43%, meaning its supply is decreasing, which could help boost its price over time.

Read 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

Leave A Reply

Your email address will not be published.