Altcoins
Bitcoin and Altcoins Rise Following CPI Report – 5 Best Cryptos to Buy Now
The crypto market responded with intense buying pressure, with US Consumer Price Index (CPI) figures coming in lower than expected at 3.4%.
The latest CPI data reflects a slowdown in inflation and gives hope that the FED could cut interest rates later this year. This would strengthen the liquidity of risk assets, including cryptocurrencies.
As such, cryptocurrency prices have started to recover today after a long period of consolidation. This could provide a timely buying opportunity ahead of a bull market resumption.
With that in mind, let’s take a look at five of the best cryptos to buy now.
Dogevers
Based on our analysis, Dogevers is the best crypto to buy now. This is a pre-sale meme piece that brings something completely new to the market, decisively separating it from other projects.
Dogeverse is the first Doge-themed cryptocurrency to go multi-chain. It will launch on the six major smart contract blockchains: Ethereum, Solana, Base, Polygon, BSC and Avalanche.
This approach amplifies Dogeverse’s potential to attract liquidity and grow a community, and also provides a tangible benefit to holders.
Holders can “link” their $DOGEVERSE tokens across these different chains, helping them take advantage of the best opportunities in the industry at that time.
For example, they could deposit their tokens into an Ethereum DeFi protocol or link them to Avalanche, whichever offers better returns.
This new use case presents exciting prospects and expands the utility potential of Dogeverse.
However, the Dogeverse presale will end soon, so merchants should act fast.
99Bitcoins token
99Bitcoins token is the latest venture from the prestigious media outlet 99Bitcoins.
The token will power its new Learn to Earn layer, which rewards users for expanding their crypto knowledge.
The 99Bitcoins token is currently available for presale, which has so far raised $1.2 million. However, for those familiar with 99Bitcoins, the early success of the presale comes as no surprise.
The platform was created in 2013 and competes with major media groups like CoinDesk and Cointelegraph.
In addition to its site’s new readership, 99Bitcoins has more than 700,000 YouTube subscribers and 2.8 million email subscribers.
As such, it is not difficult to imagine the new Learn to Earn layer becoming widely adopted and thus causing demand for $99 BTC to skyrocket.
Users need the 99Bitcoins token to access the Learn-to-Earn platform and start earning rewards. Additionally, crypto trading signals, BRC20 tools and training, a VIP community group, and staking rewards await token holders.
The current pre-sale price of 99 Bitcoins is $0.00105, but it will gradually increase throughout the campaign.
Visit the 99Bitcoins Token Presale
Sealana
As Dogeverse and 99Bitcoins both forge new narratives, Sealana builds on the meteoric trend of Solana meme coin presales.
This is currently the largest ongoing Solana ICO, and the runaway success of its predecessors like Book of Meme, Slothana, and Slerf, points to an exciting future.
Sealana is inspired by South Park and her website offers a witty story.
It’s based on a foul-mouthed seal who resides in his mother’s basement, living on canned tuna and chips and striving to generate outrageous profits by trading coins.
This rags-to-riches mentality is prevalent in degen coin circles, so Sealana’s cultural resonance likely bolstered its early success.
Its pre-sale has raised $1.2 million so far. However, momentum is quickly gaining momentum, with around 30% of the total increase occurring over the past day.
The team has not announced a hard cap, meaning Sealana’s pre-sale could end at any time.
Injective protocol
Injective Protocol is a scalable layer 1 blockchain focused on DeFi and interoperability. The project saw resounding success in 2023 and early 2024, but has cooled off in recent months.
However, the bullish market outlook could present an opportunity for Injective Protocol’s bullish rally to resume.
It’s currently trading at $23.95, up 11% today, 2.3% this week, 5.6% this month, and 281% this year.
Currently, INJ has a market cap of $2.3 billion and a 24-hour trading volume of $10.9 million, which jumped 49%.
The project offers DeFi-focused plug-and-play modules to help developers build cutting-edge financial applications. For example, one of Injective Protocol’s revolutionary dApps is the world’s first on-chain derivatives orderbook exchange.
Meanwhile, its commitment to interoperability means that all injective protocol dApps can natively access sovereign layer 1 chains such as EthereumCosmos and Solana.
Give back
Render is a decentralized GPU rendering platform exposed to AI, VR, and gaming narratives.
The platform provides a marketplace to trade GPU power for compute-intensive tasks such as training AI models and rendering graphics.
Indeed, with OpenAI and Nvidia forging ahead in the AI sector, all eyes are on Render as its more formidable crypto counterpart.
RNDR is currently trading at $10.48, up 6.1% today, 0.7% this week and 22.8% this month. It has a market capitalization of $4 billion and a 24-hour trading volume of $695 million, up 72% today.
Render is currently one of the largest AI-related cryptocurrencies on the market. A seasoned team and market-leading partnerships fuel its success.
For example, its CEO, Jules Urbach, is the founder of OTOY, an award-winning GPU rendering company.
Meanwhile, the project benefits from partnerships with Apple, Disney and Cinema4D.