Top Cryptocurrencies to Invest in Now May 9 – Theta Network, Litecoin, ORDI

On May 9, 2024

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Crypto traders always search for the most promising cryptocurrencies to invest in daily. In this article, we’ve compiled a list of high-potential coins worth considering.

Despite the broader crypto market facing bearish conditions, certain top altcoins such as Litecoin (LTC) and Theta Network (THETA) have demonstrated strong performance. As a result, investors are increasingly considering these coins for potential investments. This analysis offers traders valuable insights into assessing the growth potential of different tokens amid ongoing market fluctuations. Many tokens are currently showing upward trends, indicating promising investment opportunities.

Top Cryptocurrencies to Invest in Now

Theta Network has recently partnered with Replay, a hybrid cloud AI computing platform. This integration aims to enhance Theta’s text-to-video AI generative protocol, allowing users to effectively leverage EdgeCloud to deploy their AI models. Meanwhile, 5SCAPE has gained significant traction, as demonstrated by its successful presale, which raised over $5.8 million.

Additionally, ORDI has experienced a notable surge over the past day, with a growth of 0.86%. In the broader crypto scene, the combined trading volume in spot and derivatives markets decreased sharply by 43.8% to $6.58 trillion, down from the record high of $9.12 trillion seen in March, according to a report from London-based digital assets data provider CCData.

1. Theta Network (THETA)

Theta Network operates on Layer 1 blockchain, offering decentralized infrastructure for the media and entertainment industry to enhance revenue opportunities. By leveraging Theta Network, content creators can boost audience engagement. The enterprise validator and governance council of Theta Network is overseen by prominent entities such as Google, Samsung, Sony, and the Creative Artists Agency (CAA).

Furthermore, Theta Network recently integrated with Replay, a hybrid cloud AI computing platform. This collaboration will optimize Theta’s text-to-video AI generative protocol, enabling users to deploy their AI models on the EdgeCloud.

In the crypto market, THETA has surged by 95% since February and is currently priced at $2.13 with a 24-hour trading volume of $93.91M. The token has seen an intraday increase of 0.67%. Moreover, THETA currently trades significantly above its 200-day Simple Moving Average (SMA) by 60.98%, which is $1.329240.

Great to see Replay’s use of Theta EdgeCloud for GenAI picked up in @Cointelegraph! You can deploy your own AI models now on the EdgeCloud Dashboard: https://t.co/EIDnRbtImD https://t.co/yNPMk7VKXN
— Theta Network (@Theta_Network) May 6, 2024

This indicates positive performance compared to its token sale price and signifies high liquidity based on its market cap. Analysts are eyeing THETA as one of the top DeFi tokens to monitor this month due to its recent growth and promising developments within the entertainment blockchain sector.

2. 5th Scape (5SCAPE)

5th Scape is a growing project gaining attention within the crypto community, particularly for its focus on virtual reality (VR) gaming. This initiative seeks to establish an ecosystem for creating and experiencing hyper-realistic 3D virtual worlds using cutting-edge VR technology.

With 5SCAPE, step into a world where the only limit is your imagination. Here’s what awaits you:
Lifetime Free Access 🎁: Say goodbye to subscriptions! Enjoy a never-ending library of curated VR content that evolves with your tastes.
Exclusive In-Game Advantages 🔒: With… pic.twitter.com/AiPTd6NWer
— 5th Scape (@5th_scape) May 9, 2024

The token will serve as the primary means of transaction within the platform, facilitating game purchases, access to premium content, and active participation in the platform’s economy. Upon launch, the anticipated modest market cap of $52 million positions 5SCAPE as a potentially undervalued asset with significant growth prospects.

Furthermore, 5th Scape is known for its developer-friendly framework, designed to attract a community of creators who can craft immersive gaming experiences. This strategy aligns with the project’s vision to nurture various virtual reality games.

The project has already gained substantial traction, which is evident from its successful presale, which raised over $5.8 million. This achievement reflects investor confidence in 5th Scape’s roadmap and vision, buoyed by offering 5SCAPE tokens at a discounted rate during the presale phase.

Visit 5th Scape Presale

3. Litecoin (LTC)

Recent data from BitPay suggests a shift in cryptocurrency transaction preferences. As of May, Litecoin has facilitated almost twice the number of payments compared to BTC, signaling a growing trend towards LTC for transactions.

Also, supply distribution metrics reveal increased Litecoin holdings among wallets containing 10,000 to 100,000 LTC. This group, known as whales, has significantly enlarged their positions, reflecting a positive outlook on Litecoin. The investment range for these whales varies widely, from around $820,000 to $8.2 million, underlining the substantial financial commitment.

Nonetheless, these accumulation activities align with a recent dip in Litecoin’s market price, now at $81.44 per LTC. However, the market cap remains strong at $6 billion, with increasing trading volumes. This indicates that despite the general market downturn, whales are capitalizing on what they perceive as favorable buying opportunities.

‘#Litecoin remained the most preferred cryptocurrency for payments in April, outperforming all major assets’ –@benzingacrypto $LTChttps://t.co/DxKpT08Qpi
— Litecoin (@litecoin) May 8, 2024

In addition, LTC’s current price is $81.44, showing a 1.95% increase in the last 24 hours. Last week, Litecoin experienced a 3.41% price increase and currently trades above its 200-day simple moving average. Furthermore, this demonstrates high liquidity based on its market cap.

4. Beam (BEAM)

Beam has gained attention for its developer-centric approach, leveraging the Beam SDK to streamline game development. This toolkit has contributed to a diverse ecosystem hosting hundreds of games.

In recent market movements, Beam’s crypto price has shown a notable increase of 3.95% over the past week, suggesting potential for further upward movement. This performance has sparked bullish sentiment around Beam’s future, particularly within the gaming sector.

This potential growth aligns with the broader trend towards online crypto gaming accessibility facilitated by projects like Beam. At the time of writing, the token trades at $0.02403, with an intraday increase of 0.70%.

Merit Circle Water Toren 2.0🗼- 2 days to go! ⏰
In just two days, hundreds of community members get together to celebrate @MeritCircle_IO and the future of gaming!
Will we see you there? 📌 https://t.co/JsudraqnZc pic.twitter.com/fB9jCeC2JG
— Merit Circle (@MeritCircle_IO) May 8, 2024

Its market cap is currently at $1,188,863,615, with an intraday rise of 0.73%. The sentiment surrounding Beam’s price prediction is optimistic, with projections suggesting it could reach $0.0554 by the end of Q4 2024.

BEAM’s positioning as a top token in the gaming space is underpinned by its commitment to empowering developers and fostering a robust gaming ecosystem. This ethos, coupled with favorable market sentiment and growing adoption, positions Beam as one of the best crypto to buy now.

5. ORDI (ORDI)

ORDI is a cryptocurrency operating within the Ordinals protocol ecosystem, garnering attention for its role in Decentralized Finance (DeFi). Over the past day, ORDI has shown a notable surge, with a growth of 0.86%, ranging from $36.94 to $3.16.

In the last year, ORDI’s price has increased by an impressive 90%, outperforming 51% of the top 100 crypto assets. Additionally, it currently trades above its 200-day simple moving average, indicating a positive trend. The coin also exhibits high liquidity based on its market capitalization.

In addition, Ordi (ORDI) is gaining attention due to its potential to contribute to the growth and usability of DeFi. The coin’s performance suggests it is well-positioned to play a significant role in the future of decentralized finance.

Analysts are optimistic about ORDI’s potential, predicting collaborations with other networks could drive the price to $152.51 by the end of this year. This outlook reflects confidence in Ordi’s trajectory and potential for significant future growth within the DeFi sector.

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