In the last 24 hours, the global cryptocurrency market has gained by less than 1%, which is still hovering above $1 trillion. As most cryptocurrencies trade sideways today, some altcoins are showing the potential to explode.
Some of the best cryptos to invest in today include Dogecoin (DOGE), Chain (XCN), Dash 2 Trade (D2T), Shiba Inu (SHIB), IMPT, BNB, Calvaria (RIA), Uniswap (UI), Tamadoge (TAMA) and Avalanche (AVAX).
Dogecoin is currently one of the largest gainers in the crypto charts. DOGE has continued with a steady bullish rally after 13% gains over the past 24 hours. In the past week, DOGE has rallied by over 130% to trade at $0.138 at the time of writing.
DOGE’s rally has been consistent since Tesla’s CEO, Elon Musk, closed the deal to buy Twitter for $44 billion. The Dogecoin community expects a new all-time high to be created as Musk is expected to support DOGE payments on Twitter.
Chain (XCN) has jumped 16% in the last 24 hours. At the time of writing, XCN was trading at $0.066. In the last 24 hours, XCN has traded between $0.05 and $0.067, indicating mild volatility. Its trading volumes are currently above $45 million.
If XCN continues outperforming the broader cryptocurrency market, the rally will likely allow the coin to test levels above $0.075.
Dash 2 Trade (D2T)
Dash 2 Trade is one of the newest cryptocurrency projects in the market. The platform plans to give investors access to trading signals to help them make informed trading decisions. Dash 2 Trade combines artificial intelligence, social sentiments, and technical analysis to give traders the best trading signals.
The D2T presale has already commenced and is currently in stage two. The presale has raised more than $4 million so far. The presale is selling out fast, and stage two will be complete after $5,166,000 is raised.
Shiba Inu (SHIB)
Shiba Inu has jumped 4.6% in the last 24 hours. At the time of writing, SHIB was trading at $0.00001294. Over the past week, SHIB has rallied 30% amid increased interest in meme coins following the DOGE rally.
SHIB has the potential to rally higher, given that meme coins are currently outperforming the market. If the bullish rally is sustained, SHIB will likely test higher levels past $0.000025. SHIB’s gains have also allowed it to climb up the market cap ranks, and it now ranks as the 12th largest crypto with a market cap of $1.15 billion.
IMPT is a new token whose presale has exploded, having raised more than $11.8 million. The IMPT presale started on October 3, and in a few weeks, it completed stage one after raising $10.8 million.
IMPT is a project focused on lowering carbon emissions using blockchain technology. IMPT is a green crypto ideal for ESG investors supporting efforts to lower their carbon footprint.
BNB is the native token for the largest cryptocurrency exchange, Binance. In the last 24 hours, BNB has reported a 1.7% decline, which mirrors a similar performance as most large-cap cryptos.
BNB has jumped by over 16% over the past week, with these gains being influenced by a positive performance across the cryptocurrency market. At the time of writing, BNB was trading at $318, and if last week’s bullish sentiment forms again, a rally past $325 could happen in the short term.
Calvaria is a new blockchain gaming project that has taken a novel approach. Unlike most play-to-earn games that only target players with crypto know-how, Calvaria will allow new players to access the game easily.
The RIA presale has taken off massively and has already raised more than 1 million USDT tokens. Stage three of this presale will end after 1.35 million USDT has been raised. The current interest in the RIA presale could see it ending earlier than scheduled.
Uniswap is one of the largest decentralized exchanges in the crypto space. In the last 24 hours, UNI, the native token of the DEX, has gained 6.4% to trade at $7.29 at the time of writing. Following these gains, UNI has outperformed both Bitcoin and Ether.
UNI is showing mild volatility, which could see the token trading sideways in the short term. If the bulls put up a strong rally, $7.40 will likely be tested. UNI has trading volumes of over $215 million in the past 24 hours.
TAMA made a notable rally yesterday, as seen in the weekly gains that currently stand at over 43%. At the time of writing, TAMA was trading at $0.034, according to CoinGecko, after dropping by 4.5% in 24 hours.
Unlike most meme coins, TAMA carries utility. The Tamadoge ecosystem will soon launch the Tamaverse, a metaverse game where players will battle other players and receive rewards in TAMA. By bringing together the meme coin and the blockchain gaming aspects, TAMA could be the next token to explode in 2022.
In the last 24 hours, AVAX has dropped by 1.5% to trade at $18.75 at the time of writing. AVAX’s price is correcting after an impressive bull run that saw the token’s weekly gains at nearly 20%.
AVAX has been one of the most affected tokens in this year’s bear market, having plunged 87% from its all-time highs. In the last 24 hours, AVAX has traded between $18.69 and $19.43, indicating low volatility. AVAX is following the trend of the broader market, and with the current uncertainty hovering around the market, the token could continue trading sideways.
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