Top Cryptocurrencies to Buy Now July 1 – Jupiter, LayerZero, Theta Network

Top Cryptocurrencies to Consider Buying

Traders in the cryptocurrency market are constantly searching for the most lucrative options for daily investments. This article highlights several promising coins with significant growth potential.

Promising Altcoins with Rising Value

Recently, several tokens have gained attention for their substantial increases in value, offering potential returns for investors. InsideBitcoins presents a selection of these altcoins that have garnered interest. Monitoring these coins can be beneficial, especially in favorable market conditions.

Tokens with Growth Potential

Robust technical indicators and positive market sentiment suggest that these tokens are attractive investments for those seeking growth. Investors are advised to keep a close eye on these altcoins as they present potential opportunities in the volatile crypto market.

1. Chainlink (LINK)

Chainlink is a groundbreaking network that bridges the gap between off-chain data and smart contracts, enhancing their functionality. As a key player in data processing, it connects blockchain applications with real-world data. Its collaboration with trusted data providers highlights its importance and reliability in the ecosystem.

The LINK token, an ERC-20 token, has recently recorded significant development activity. Currently valued at $14.39, it has experienced a 5.35% intraday surge and 9.72% weekly gains. Market sentiment remains neutral with the Fear & Greed Index at 53, indicating a balanced outlook.

Technical Analysis

The Relative Strength Index (RSI) is approaching the bullish zone above the neutral line, supporting the positive trend. Chainlink's dominance in the Oracle space suggests a potential for a swift recovery. The target price is set at $16.5, although broader market signals indicate slight bearishness.

Chainlink CCIP Integration

Chainlink's recent integration with the Cross-Chain Interoperability Protocol (CCIP) by Alaska Gold Rush is a significant development. This integration enables secure cross-chain interoperability between the BNB Chain and Polygon mainnets. By leveraging CCIP's messaging functionality, Alaska Gold Rush can facilitate cross-chain transfers of its in-game token, CARAT.

2. Jupiter (JUP)

Jupiter has gained popularity among traders due to its recent uptrend. In a recent address, Jupiter co-founder Meow discussed the potential relaunch of the Jupuary initiative, emphasizing the importance of community involvement in decision-making. He highlighted that any future iteration of Jupuary would incorporate significant changes.

Market Performance

Jupiter is experiencing positive market performance. JUP is currently trading at $0.823, with a 24-hour trading volume of $76 million. The token has gained 2.79% in the past 24 hours and 16.74% over the past week. The increasing open interest indicates growing investor confidence.

Jupiter Terminal Upgrade

Jupiter has upgraded its Terminal to version 3, an open-source, lite version of Jupiter. It offers Instant Routing, Smart Token Filtering, and Ecosystem Token List support. Users in the Solana DeFi space can now access features similar to Jupiter's main user interface.

3. Pepe Unchained (PEPU)

Pepe Unchained aims to innovate the meme coin sector by combining Layer 2 blockchain technology with the popular Pepe meme. The project has raised over $1.7 million, indicating strong investor interest. The presale price is currently $0.0081939.

Technical Aspects

Built on the Ethereum Network, PEPU utilizes Layer 2 technology for faster and cheaper transactions, making it the first Pepe-themed token with such benefits. It also offers staking, where early investors can earn an Annual Percentage Yield (APY) of 1122%.

Beyond Meme Culture

Pepe Unchained aims to redefine meme coins by combining meme culture with technological advancements. By merging fun and viral elements with blockchain innovation, the PEPU project seeks to transform the perception and use of blockchain technology.

4. LayerZero (ZRO)

LayerZero facilitates seamless communication between different blockchain networks. It enables lightweight message passing, ensuring reliable and secure message delivery. The protocol's adjustable trustlessness allows for direct communication between blockchain networks without relying on intermediaries.

Market Trends

Despite recent dips, LayerZero shows growth potential. ZRO fluctuated between $2.96 and $3.57, marking a 14.27% daily increase. It has gained 31.64% over the past week, indicating a bullish market sentiment.

LayerZero-Trident3 Collaboration

LayerZero recently integrated with Trident3's peer-to-peer digital identity solution, T3id. This allows users to establish a single digital identity across 70+ blockchains connected through LayerZero's infrastructure. T3id utilizes non-fungible tokens (NFTs) that are unsellable and tied to specific wallets.

5. Theta Network (THETA)

Theta Network has introduced the EdgeCloud Elite Booster feature in Edge Node v5.0.2. This allows users to earn TFUEL and TNT-20 tokens for performing GPU AI tasks, resulting in boosted edge node earnings.

Market Performance

Theta Network is currently trading at $1.575844, reflecting a 4.14% increase in the last 24 hours. Over the past year, it has surged by 110%, outperforming 62% of the top 100 cryptocurrencies.

Technical Indicators

Theta's Relative Strength Index (RSI) is at 58.16, indicating a neutral trend. It suggests potential sideways trading. However, Theta is above its 200-day simple moving average, signaling positive sentiment for long-term investors.

Conclusion

These tokens exhibit strong growth potential and favorable market dynamics. Investors are encouraged to consider these altcoins for potential gains in the volatile cryptocurrency market.