Best Cryptocurrencies to Invest in Right Now

Discover the best cryptocurrencies to invest in right now. This guide covers digital assets based on current performance, growth potential, and trends

Discussions surrounding digital assets have taken center stage in the buildup to the 2024 US elections. For instance, Kamala Harris’s campaign has reached out to Ripple and Coinbase to establish a pro-business regulatory framework. Meanwhile, Donald Trump envisions America becoming the world’s crypto capital. This pro-crypto outlook has sparked a wave of positive trends across the market, with TRON, Flare, and Helium displaying bullish signals.

Discover the best cryptocurrencies to invest in right now. This guide covers digital assets based on current performance, growth potential, and trends to help investors make informed investment decisions.

Best Cryptocurrencies to Invest in Right Now

Helium has shown strong bullish trends on the daily chart, with a series of green candles indicating consistent price increases over several days. It is among the top crypto gainers this week.

Over the past month, HNT has gained 46.61%, and in the past week alone, it has risen by 19.21%, showcasing long-term stability. These gains are supported by ongoing efforts to enhance the network’s robustness and usability. Furthermore, market sentiment is bullish, and the Fear & Greed Index scores 71, indicating greed.

This suggests a higher likelihood of HNT’s price continuing to rise. Moreover, HNT is trading 141.94% above its 200-day Simple Moving Average (SMA) of $2.25. The token has seen 19 green days in the last 30 days, showing strong performance.

Based on its market cap, Helium has high liquidity. Analysts predict its price will increase by 22.17%, reaching $6.62 by August. Helium’s recent performance and positive market sentiment indicate its potential for further growth.

2. Flare (FLR)

Flare is a layer 1 blockchain that uses the Ethereum Virtual Machine (EVM) to enhance blockchain utility. Its goal is to provide developers with decentralized access to reliable data from various blockchains and the internet. This access opens the door to new applications and monetization opportunities.

Additionally, it allows decentralized applications (dapps) to support multiple blockchains with a single deployment. Recently, Flare integrated with Stargate Finance, facilitating smooth liquidity transfers across more than 25 blockchains, including Ethereum, Arbitrum, Optimism, and Base. Stargate V2’s Hydra feature supports the seamless movement of USDC, USDT, and ETH to Flare.

On Flare, these assets can be utilized within dapps and protocols. The original assets stay locked in native asset pools on the source chains, while equivalent Hydra assets are minted on Flare. Users can redeem these Hydra assets for the original assets at any time through Stargate, ensuring unified liquidity across all connected chains.

Grants from the Flare Foundation are designed to support innovative and impactful projects in order to accelerate the growth of the Flare ecosystem.

Visit: https://t.co/QQuJNn5lIS pic.twitter.com/kdfodUGqAt

— Flare ☀️ (@FlareNetworks) July 28, 2024

The Stargate V2 integration aligns with the launch of a significant DeFi incentives program on Flare. This program aims to boost stablecoin liquidity and lay a strong foundation for Flare’s upcoming FAssets system, which will support DeFi for non-smart contract chains. Stargate V2 users who bridge their USDC and USDT to Flare and contribute to select decentralized exchange (dex) pools will benefit from competitive reward rates.

As of today, Flare’s price is $0.018901, reflecting a 0.92% decrease over the last 24 hours. Technical analysis from CoinCodex suggests that Flare could trade between $0.018926 and $0.089576 in the future. If it reaches the upper target, FLR’s value could increase by 373.21% to $0.089576.

3. Shiba Shootout (SHIBASHOOT)

Shiba Shootout is a mobile game that merges a Wild West theme with blockchain technology, allowing players to earn rewards in SHIBASHOOT tokens. The game is set in Shiba Gulch, a fictional town where players can earn tokens through meme-making duels, poker tournaments, and virtual treasure hunts.

The main feature of Shiba Shootout is its Play-to-Earn (P2E) mobile game, which is currently in development. A basic game version is available on Google Play and the App Store, offering early investors a glimpse of the concept.

The full version, set to release later this year, will introduce more advanced gameplay elements in Shiba Gulch and further opportunities to earn SHIBASHOOT tokens. Furthermore, SHIBASHOOT serves multiple purposes within its ecosystem.

Players can stake these tokens to earn attractive annual percentage

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