Best Cryptocurrencies to Invest in Right Now September 25 – Axelar, ONDO, Sei

0

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

Altcoins like Bittensor and Sei have surged by over 60% in the past week, while ONDO has gained more than 4%. This outperformance relative to Bitcoin could hint at the start of an “altcoin season.” The altcoin market cap has rebounded sharply after hitting a low in August, with predictions of a 74% increase. 

Other altcoins, such as Sui and Axelar, have also shown strong gains, rising by 45.6% and 14.34%, respectively. Renewed interest in altcoins follows Bitcoin’s recent stabilization. As a result, investors explore the best cryptocurrencies to invest in right now to diversify their portfolios amidst changing market conditions.

Best Cryptocurrencies to Invest in Right Now

Catizen recently revealed its partnership with Alchemy Pay, simplifying the process for users to buy CATI using more than 50 fiat currencies. Axelar is also gaining traction due to its emphasis on secure cross-chain communication for Web3. Meanwhile, Crypto All Stars raised over $1.5 million in its initial coin offering (ICO), attracting interest with its staking rewards program.

1. Catizen (CATI)

Catizen is a play-to-earn game on Telegram where users act as mayors of a virtual city inhabited by cats. Players earn rewards in CATI, the platform’s native token. Recently, Catizen announced an integration with Alchemy Pay, making it easier for users to purchase CATI using over 50 fiat currencies. 

This partnership allows users to buy CATI through familiar payment methods like credit cards and bank transfers, simplifying the process for those new to crypto. The collaboration with Alchemy Pay helps bridge the gap between traditional currency and crypto, allowing people to interact with CATI without needing prior cryptocurrency experience. Alchemy Pay’s goal is to make crypto more accessible, and this integration supports that by making it easier to purchase CATI directly.

Since its launch on September 20, Catizen has gained a market capitalization of $241 million. Initially, the token traded at $0.82 but has since dropped to $0.7725, a 3.36% decline. Furthermore, market data shows support at $0.73, suggesting the potential for recovery. CATI is currently trading above the 50-day Simple Moving Average (SMA), indicating continued interest from buyers. 

Moreover, the Relative Strength Index (RSI) is around 50, suggesting a possible shift in market sentiment, with buyers potentially driving the price up. While CATI has experienced some price volatility, the integration with Alchemy Pay has made it more accessible, which could attract more users and investors. The technical indicators suggest the market could recover, especially as the platform grows.

2. Sei (SEI)

Sei is a Layer 1 blockchain designed specifically for decentralized exchanges (DEXes). It focuses on improving the efficiency and performance of DEX platforms, offering them a potential advantage in the market. The project aims to meet the increasing demand for decentralized trading and emphasizes sustainability by striving for carbon neutrality.

Recently, the SEI token saw a sharp price increase, pushing its market cap above $1.6 billion. SEI is trading at $0.46, up 24% in the past 24 hours, peaking above $0.47 earlier. This surge is driven by new partnerships, community initiatives, and consistent growth in total value locked (TVL) and daily active users.

SEI Price Chart

On September 24, Sei announced the addition of yield-generating liquid staking tokens (LSTs) like Seiyan ETH and Super Seiyan ETH, further expanding its ecosystem. These updates have contributed to a bullish sentiment around the token, with the Fear & Greed Index at 59 (Greed). 

Meanwhile, Sei’s circulating supply is 3.52 billion SEI out of a total maximum supply of 10 billion. Over the past year, its supply increased by 95.83%, with 1.72 billion SEI newly created. Sei ranks 11th in Proof-of-Stake coins and 30th among Layer 1 blockchains by market cap.

The price of SEI has increased by 293% in the past year, outperforming 80% of the top 100 crypto assets and even surpassing Bitcoin and Ethereum. With high liquidity and current bullish market sentiment, SEI could continue its upward trend in the coming months.

3. Axelar (AXL)

Axelar is gaining attention in the crypto market for its focus on secure cross-chain communication within Web3. The platform provides a decentralized network and tools to simplify cross-chain operations for developers of decentralized apps (dApp). A key aspect of Axelar’s approach is its use of proof-of-stake (PoS) consensus, distinguishing it from other protocols that rely on optimistic models or federated multi-signatures.

The protocol enables cross-chain transfers of several native tokens through their wrapped ERC-20 versions, supporting assets such as AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon). This enhances its usability across different blockchain ecosystems.

AXL Price Chart

Furthermore, Axelar’s token is demonstrating promising signs of growth. Currently, its daily chart reflects an increase of 1.13%, with the token trading at $0.597. Over the past week, it has grown by 14.68%. It also trades 7.99% above its 200-day simple moving average (SMA), indicating positive momentum.

While the price prediction sentiment remains neutral, the Fear & Greed Index shows a reading of 59, reflecting greed. Meanwhile, Axelar boasts high liquidity based on its market capitalization. Given the rising interest in digital assets, Axelar’s steady growth trend may continue.

4. Ondo (ONDO)

Ondo Finance is gaining attention by combining traditional finance with blockchain technology. Its goal is to tokenize real-world assets, making high-quality financial products more accessible. This approach helps expand the use of blockchain while strengthening the overall financial system.

Furthermore, Ondo partners with well-known companies like BlackRock and uses Coinbase for asset custody, ensuring that investors’ funds are protected. Their USDY product offers the stability of a stablecoin combined with yields backed by U.S. Treasuries. Ondo also targets non-U.S. investors with regulated financial options, which may increase interest as the altcoin market picks up.

ONDO Price Chart

Currently, the token shows resilience, trading at $0.7946, with a 5.30% intraday gain. Moreover, market sentiment is positive, with the Fear & Greed Index showing a value of 59 (Greed). Over the past 30 days, the token has had 15 green days, or about 50% of the time, suggesting consistent upward movement.

Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show a rise, suggesting the token’s momentum is increasing. Ondo has high liquidity, and the spot market trading volume is rising. Given these factors, Ondo is likely to keep rising, with the next key level being the 50% retracement point at $0.8392.

5. Crypto All Stars (STARS)

Crypto All Stars has recently raised over $1.5 million during its initial coin offering (ICO), drawing attention to its staking rewards system. The project offers an annual staking reward of 928%, which is high compared to many other staking options. The team behind Crypto All Stars plans to integrate a staking protocol specifically for popular meme coins, which could appeal to a wide audience in the meme coin community.

STARS Tweet

One of the core developments of Crypto All Stars is the MemeVault, a platform designed to enable users to stake their meme coin portfolios. By doing so, holders can generate passive income through staking rewards. This feature aims to provide utility for meme coins, which are particularly useful in a slow market when price appreciation is limited. The concept targets meme coin enthusiasts looking to leverage their assets beyond traditional market speculation.

At its presale stage, the STARS token reached a price of $0.0014652. The token’s price will increase as the project prepares for its next funding rounds. The platform plans to unify staking for meme coins, including well-known tokens such as BONK, Dogecoin, and Shiba Inu. 

Users can stake these tokens in one pool and earn rewards paid in STARS. The system also provides an incentive to hold more STARS, as larger holdings can potentially lead to higher rewards, with the possibility of tripling returns. This may appeal to long-term investors who prioritize yield generation.

Visit Crypto All-Stars Presale

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.