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Crypto Analyst Recommends 10 Safe Altcoins Now

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Mystery of Crypto, a popular analyst and cryptocurrency veteran, identifies ten altcoins with strong potential amidst the prevailing uncertain market conditions. 

The crypto market is actively recovering from Monday’s shock, leading some to believe this is a good time to buy promising assets.

Altcoin Picks for Optimal Performance Amid Market Jitters

Amidst market fears, the crypto industry recorded over $1 billion of liquidations. It marked the biggest collapse a single day after the FTX scenario in November 2022. Spotting them for stability and growth prospects, the analyst identifies ten altcoins that are safer bets during uncertain market conditions.

Toncoin (TON)

Toncoin is the first choice, given the number of decentralized applications (DApps) built atop the network. These DApps span gaming, social, and DeFi, among others, and have recorded significant user growth over the last six months.

Based on DefiLlama stats, TON blockchain records over four million daily transactions. Latest data shows that it has a total value locked (TVL) above $560 million, a 20% growth since Monday, adding credence to the analyst’s selection.

Read more: 6 Best Toncoin (TON) Wallets in 2024

TON TVL
TON TVL. Source: DefiLlama

Solana (SOL)

Solana secures the second place in the list due to its strong performance in 2024. The analyst highlights its key features: high scalability and low transaction fees, making it a compelling choice. Strong interest from developers and institutions also supports SOL’s position as a top-tier altcoin.

Recently, Solana outperformed Ethereum in weekly revenue. More closely, it remains the most preferred blockchain for memecoin traders, which positions SOL for performance. There are also prospects for a Solana ETF, which continues to provide tailwinds for SOL.

Arbitrum (ARB)

Arbitrum is a key player among Ethereum’s Layer-2 (L2) scaling solutions, boasting over 408,000 daily active users. Data shows that its TVL is above $2.5 billion, higher than Polygon (MATIC), Optimism (OP), and other L2s.

After its Kwenta launch and Orbit expansion, Arbitrum delivers a top-tier trading interface and is frequently praised for the best perpetuals user experience in DeFi. This, coupled with the backing of Pantera Capital, positions ARB for good performance, according to Mystery of Crypto.

Ondo Finance (ONDO)

Ondo Finance features on the list of multiple analysts, including AltcoinDaily, with both citing its ability to turn RWAs into digital tokens. 

The network’s strong partnerships with BlackRock and Coinbase Ventures also make strong fundamentals for the project. Moreover, the Pyth Network launched a USDY/USD price feed in collaboration with Ondo Finance, which adds to the list of project fundamentals.

Read more: What is Tokenization on Blockchain?

Total Market Value of Tokenized US Treasury Products
Total Market Value of Tokenized US Treasury Products. Source: Dune/21co

Near Protocol (NEAR)

According to the analyst, the Near Protocol is known for resilience and innovation. Its developer-friendly platform continues to attract more projects, and it has an $800 million ecosystem fund to seed and support new projects.

It boasts the highest daily active users among L1 scaling solutions, only second to Solana, which positions NEAR to do well in uncertain market times.

Mantra (OM)

Mantra meets the analysts’ bar, given its move to enhance Ethereum functionality and promote accessible financial services. Given the growing interest in real-world asset (RWA) tokenization, it is also positioned for good returns.

The project launched Season 2 of 50,000,000 OM GenDrop, whereas the dYdX ecosystem added OM to its chain, bringing new exciting opportunities. Further, with more than $50 million OM tokens staked, the reduced supply increases the chances of further upside for OM tokens.

EtherFi (ETHFI)

EtherFi is a leading restaking platform running on Ethereum. The project recently released Season 2 claim checker, distributing more than 53 million ETHFI tokens worth approximately $100 million.

Its participation in the rewards model, which promises even more exciting opportunities for users, could drive more interest in the ETHFI token. Moreover, the project also has Cash, a mobile wallet with Visa credit card integration.

Read more: Ethereum Restaking: What Is It And How Does It Work?

ETH stakers
ETH stakers. Source: Dune

Polygon (MATIC)

The Polygon blockchain collaborates with Axie Infnity’s Ronin Network via its Polygon Chain Development Kit. Given its essence as a scaling solution for Ethereum, more than 17,800 DApps are actively running on Polygon. It is popular among DeFi and NFTs projects, with 35 million MATIC tokens allocated for its ecosystem projects.

Render (RNDR)

Render is one of the AI crypto coins with decentralized GPU network services, which makes it essential for gaming and movies. Recent social dominance, active addresses, and whale transaction metrics have been at a six-month peak amid AI hype, making RNDR a potential big shot.

Arweave (AR)

Arweave has been demonstrating its strength in the blockchain industry. This network provides permanent data storage, with users leveraging it to store data for a one-time payment. Over one petabyte of data is stored on the Arweave network, which connects individuals needing storage with those with hard drive space.

The project announced a 100% fair launch for its new token with no pre-mine or pre-sales. This, coupled with its recent partnership with InQubeta, a blockchain firm that enhances technology, makes AR a coin to watch.

Mystery of Crypto also highlights Chainlink (LINK) as a potential big shot, citing its launch of a digital assets Sandbox for tokenization trials. Its partnerships with technology giants like Google and Oracle make LINK a good choice.

Nevertheless, traders must not rely solely on analyst predictions. Conducting one’s own research is always advisable.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bonk Whale Becomes A Huge GoodEgg Early Investor Experts Predicts 100x In Coming

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As the cryptocurrency market evolves, it’s becoming evident that hype alone can’t sustain a token’s value. This realization has led some of the largest Bonk (BONK) holders, known as “whales,” to diversify their portfolios by investing in GoodEgg (GEGG). Experts are now predicting a potential 100x return on GoodEgg (GEGG), with some of the most prominent Bonk (BONK) whales taking early positions in the token’s presale.

More Than A Memecoin: Bonk Whale Shift to GEGG

One of the largest Bonk (BONK) holders, previously known for their substantial investments in the meme coin space, has recently made headlines by becoming an early investor in GoodEgg (GEGG). This shift comes as Bonk (BONK) continues to face declining momentum, losing 2% in value over the last 24 hours, with weekly losses stacking up to 10%. The whale’s move reflects a growing sentiment that the current meme coin market is becoming oversaturated, with investors searching for projects that offer more than just speculative gains.

Bonk (BONK), once a rising star on the Solana network, has seen a significant reduction in trading volume, and many analysts believe that its future will depend heavily on finding new utility or partnerships to maintain investor interest. While the Bonk (BONK) community remains hopeful, the shift of whales to projects like GoodEgg (GEGG) highlights a growing trend among larger investors who prioritize long-term growth over short-term gains.

GoodEgg’s Strong Fundamentals

In contrast, GoodEgg (GEGG) offers more than just hype. It is a utility-driven project with an AI-based dating platform that leverages blockchain for security and privacy. The project’s innovative approach to online dating has sparked interest from investors who see it as a real-world solution with significant potential for user adoption.

GoodEgg’s presale has already raised over $495,000, showing that investors are eager to get in early on this project. The platform’s combination of blockchain security and AI matching technology provides a fresh approach in a saturated online dating market, which is expected to grow significantly in the coming years.

Experts Predict 100x Gains and Long-Term Scalability

Market analysts are now predicting that GoodEgg (GEGG) has the potential to generate 100x returns for early investors, particularly as its platform begins to attract more users and integrates additional features. The scalability of GoodEgg (GEGG) in the dating industry, combined with its AI-driven capabilities, gives it an edge over traditional meme coins like Bonk (BONK).

While Bonk (BONK) struggles to maintain its market position, GoodEgg (GEGG) is gaining traction among both retail and institutional investors. The whale’s entry into GoodEgg (GEGG) has further validated the project’s potential, with many now looking at it as the next big thing in the crypto space.

As the presale continues, those who missed out on Bonk (BONK) during its early days are now looking at GoodEgg (GEGG) as their next opportunity for massive gains. With strong fundamentals and a clear roadmap, GoodEgg (GEGG) is positioned to become a major player in the crypto market, leaving Bonk (BONK) in the dust as it builds a long-term, sustainable future.

Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community: 

Visit GoodEgg (GEGG)

Telegram: https://t.me/GEGG_OFFICIAL

X/Twitter: https://x.com/GoodEggToken

 



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Solana Coins MEW & FIDA Prices Surge Over 25% On Major Listings

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FIDA and MEW, cryptocurrencies based on the Solana blockchain, saw noteworthy positive sentiment on Thursday as they secured vital listings. Solana Name Service (FIDA) secured a listing on Binance, whereas cat in a dogs world (MEW) scored a listing on Upbit. These listings have garnered significant attention globally as the tokens’ prices skyrocketed 25%-30% in tandem with the announcement.

Solana Tokens FIDA & MEW Secure Vital Listings On Binance & Upbit

According to official announcements by the mentioned exchanges on September 19, both the tokens are set to witness particular listings today. As per Binance’s official announcement, the crypto exchange is set to launch FIDAUSDT USD-Margined perpetual contract today at 12:30 UTC. Simultaneously, Upbit’s announcement revealed that it listed MEW with BTC and USDT pairs on the same day.

Intriguingly, Binance revealed that it listed FIDA with up to 75x leverage for users on the platform. Further, the crypto exchange set the capped funding rate at +2.00% / -2.00%.

Simultaneously, Upbit Korea listed cat in a dogs world within BTC and USDT markets. The Asian crypto exchange revealed that it will also add transaction support starting today.

The Solana coins listings have primarily sparked market optimism over future movements, paving the way for new money inflow into the tokens.

Tokens’ Prices Rocket Over 25%

Simultaneously, FIDA price gained nearly 45% against the backdrop of Binance’s listing announcement. The coin rested at $0.3243 today with an intraday low and high of $0.2204 and $0.3297, respectively.

Similarly, MEW price pumped nearly 26% to reach $0.00533 riding the back of Upbit listing. The coin’s 24-hour low and high were $0.00407 and $0.005728, respectively.

Meanwhile, the rising price action primarily aligns with today’s listing announcements, as seen with numerous tokens previously. CoinGape Media reported Kadena (KDA) price surged nearly 30% with its futures listing on Binance.

Also, another report reveals that PEPE and BRETT prices pumped notably on their listings on Upbit. Altogether, the exchanges’ listings rationalize today’s massive price gains.

Simultaneously, Coinglass data illustrated an 82% surge in MEW’s futures OI to $76.31 million. Additionally, the coin’s derivatives volume skyrocketed 531% to $735.63 million today. This surge has projected further optimism for the Solana-based token. Also, it’s worth noting that Solana (SOL) price upsurged 8% to trade at $140 today.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple Partner SBI Confirms Participation in BIS Project Agora

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XRP News: Ripple-partner SBI Holdings has confirmed participation in Project Agora, a joint initiative led by the Bank for International Settlements (BIS) and seven central banks. XRP community reacted to the development due to speculation of potential integration or alignment for the cross-border payments over a unified ledger initiative.

Ripple Partner SBI Reveals Participation in BIS-Led Project Agora

In a press release on September 19, SBI Holdings revealed participation by the bank in Project Agora. Ripple’s partner participation the initiative brings XRP in the spotlight as the bank is a key partner for XRP and XRP Ledger adoption.

Project Agora is an initiative jointly led by the Bank for International Settlements (BIS) and central banks to improve the functionality of cross-border transactions through tokenization. The central banks are Banque de France, the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York.

“Through this project, we hope to improve the functionality of the financial system while maintaining the two-tiered structure of central bank money and private bank deposits, and provide new solutions that utilize smart contracts and programmability, thereby providing highly convenient services in cross-border transactions.”

The BIS/SWIFT-led initiative uses digital tokens representing assets, on a unified ledger, with smart contracts. The Institute of International Finance has convened 41 private sector institutions such as JPMorgan, Standard Chartered, Sygnum Bank, Visa, Mastercard, Citi, and HSBC.

XRP News: Token and XRPL In the Spotlight

While the initiative to revolutionize cross-border payments through tokenization doesn’t specifically mention XRP and XRP Ledger, the community believes Ripple’s technology aligns with Agora Project.

Ripple has focused on exploring the possibilities of tokenization on the XRP Ledger. In June, the company partnered with Archax to bring tokenized real-world assets (RWA) onto the XRP Ledger.

Moreover, the unified ledger concept resonates with Ripple’s Interledger Protocol (ILP), which connects banks and blockchains. This suggests a potential role for Ripple’s technology in the framework, if not XRP directly.

XRP community claims Ripple and BIS and several central banks have collaborated earlier for developments including central bank digital currencies (CBDC). Currently, Ripple CEO Brad Garlinghouse said that the company is seeking adoption in traditional finance.

XRP price jumped 2% in the past 24 hours, with the price currently trading at $0.58. The 24-hour low and high are $0.563 and $0.589, respectively. Furthermore, the trading volume has increased by 25% in the last 24 hours, indicating a rise in interest among traders.

Notably, Ripple is also a leader in remittance. If it captures 50% of the global remittance market, which is projected to reach $11.53 trillion in 2024 and $16.59 trillion by 2028, XRP price could even hit $5.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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