6 Best Altcoins To Watch Today

River, a U.S.-based Bitcoin technology and financial services company, predicts that within the next 18 months, 10% of American businesses will

As the U.S. economy faces the possibility of a recession by July 2025, cryptocurrency company River predicts that 10% of American businesses will allocate around 1.5% of their treasury reserves to Bitcoin within the next 18 months, totaling approximately $10.35 billion. This projection comes amid growing concerns over a potential economic downturn.

Meanwhile, Ripple has announced its support for Kamala Harris in the 2024 presidential election. The company is facing difficulties with the performance of its XRP cryptocurrency compared to Bitcoin. Given the increasing adoption of digital assets, investors are searching for the best cryptos to add to their portfolios. For investors seeking such, this list covers the 6 best altcoins to watch today.

6 Best Altcoins To Watch TodayChainlink is a decentralized oracle network that enables communication between blockchains and external data sources. Floki is working to move beyond its meme origins by providing greater utility for its token holders. Input Output (IOHK), the development arm of Cardano, and Hedera have joined the Decentralized Recovery Alliance (DeRec Alliance) as founding members.

Conflux Network’s recent collaboration with Alibaba Cloud marks an important milestone in advancing Web3 innovation in Hong Kong. The Meme Games (MGMES), a meme coin project, has garnered attention by aligning its presale with the 2024 Paris Olympics and Paralympics. Meanwhile, Bitcoin and Ether are on track for a second consecutive week of losses.

1. Uniswap (UNI)Uniswap Labs recently settled charges with the Commodity Futures Trading Commission (CFTC), agreeing to pay a $175,000 penalty as part of the settlement. The platform was accused of allowing the illegal trading of leveraged Bitcoin and Ether.

Following the announcement, the UNI token saw an initial 5% jump. However, it later reversed some of those gains. At the time of writing, the token traded at $6.2, reflecting a slight 1.2% decline over the past 24 hours.

Moreover, UNI now hovers around the 20-day Exponential Moving Average (EMA) of $6.20. This level could serve as a key pivot point for potential bullish activity. A decisive close above this mark may indicate further recovery.

Over 6M addresses have swapped on multiple chains with Uniswap ?

UNI price now and then ?

From a technical perspective, Uniswap’s recent price action suggests a possible shift in market sentiment. After testing critical support levels between $5.5 and $5.7, the token showed renewed buyer interest. These levels have been crucial for the altcoin, and UNI’s ability to bounce back from them signals a potential upward movement. However, the market will closely watch how the token performs around these support and resistance levels.

2. Chainlink (LINK)Chainlink is a decentralized oracle network that facilitates communication between blockchains and external data sources. This network’s utilities have aided the growing demand for the LINK token. The token allows smart contracts to access essential off-chain information, further adding to its appeal.

Recently, Chainlink was listed on the Hashkey Exchange, making it available to retail investors in Hong Kong. Alongside Avalanche, LINK is one of the first cryptocurrencies beyond Bitcoin and Ethereum to be featured on the platform. This listing could signal market confidence in LINK, potentially driving its price upward. Currently priced at $10.02, LINK has seen a 5.19% increase in the past 24 hours and has grown by 60% over the last year.

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LINK’s current price is positioned below its ATH high of $52. However, the cion’s upward trend and strong performance indicate growth potential. This expectation is predicted to hold, especially if the bullish momentum continues. However, market fluctuations and broader trends in the crypto space will likely influence its future trajectory.

3. Floki (FLOKI)Floki aims to move past its meme narrative by offering more utility to token holders. The meme coin recently partnered with OG Esports and Valhalla, a play-to-earn metaverse game built on blockchain technology.

Valhalla offers an MMORPG experience that blends open-world exploration with strategic turn-based combat. Players can earn rewards through gameplay and gain in-game advantages based on their skills and strategies.

Meanwhile, FLOKI’s market trend indicates a positive outlook—the token trades at $0.000122 after a 2.16% intraday rally. Moreover, FLOKI’s yearly outlook paints a positive picture. Year-to-date (YTD), the token has surged by 598%, outperforming 94% of the top 100 crypto assets.

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