5 Best Altcoins to Buy as Crypto Prices Continue to Rise
The post 5 Best Altcoins to Buy as Crypto Prices Continue to Rise appeared first on Coinpedia Fintech News
Crypto prices rise as market leader Bitcoin reels in from its recent dip to $49K. BTC currently trades at $59K and has shown notable strength this week. But it’s altcoins that have stolen the show. Several are up 40% or more, and many others have outperformed Bitcoin.
So, with prices rising, let’s explore five altcoins showing big potential.
Pepe UnchainedTalk about groundbreaking use cases – Pepe Unchained will be the first meme coin with its own layer 2 blockchain.
The project is undergoing a presale, raising funds to build the layer 2 network. This is good news for investors, who can buy in from the ground floor.
Should the broader market’s bullish momentum continue, Pepe Unchained could explode on its exchange debut.
The project is building a fast and low-cost blockchain that is inherently connected to Ethereum through a dedicated bridge. It will also have a block explorer and staking with massive rewards.
Pepe Unchained will be a playground for meme coin devs and degens. They can build anything they want. This includes meme coin-related DeFi apps, P2E games, NFTs, metaverses, etc.
The meme coin market is worth $41 billion, so the potential for $PEPU is huge.
According to the latest data, the Pepe Unchained presale has raised $8 million so far. This reflects an unwavering support from investors.
HeliumWinners continue to win. That’s a philosophy that many momentum-focused traders abide by.
And if winners do continue to win, Helium has a bright future.
It has been on a tear recently.
This DePIN-focused project keeps increasing in value following months of hard work and partnerships from its team.
Helium is building a decentralized wireless network for internet connectivity.
Anyone can purchase a “hotspot” device, start providing wireless network coverage, and earn HNT.
Per the project’s website, the network covers the “Internet of Things.” It claims thousands of solutions, sensors, devices, and gateways can be configured to run on Helium.
Helium exemplifies the real-world benefits of crypto, and investors are taking note. It’s currently trading at $6.74, up 10% today, 45% this week, and 112% this month. The project is one of the best performers this week.
DogecoinWhile Pepe Unchained is looking to become the next-generation meme coin, this does not mean legacy meme coins like Dogecoin can’t also rise.
As the crypto market progresses, Dogecoin could be among the first to rally.
The Crypto Fear and Greed Index currently sits at a neutral level of 52. Traders aren’t bullish or bearish, and Dogecoin provides the perfect middle ground.
Its large market cap makes it less risky than newer meme coins, but it still retains a viral memetic allure that can pull massive gains.
Another benefit to Dogecoin is that there’s a lot of room for growth to reach its ATH. Currently trading at $0.105, it remains 85% from its 2021 peak. Compared to something like Ethereum, which is just 45% from its ATH, Dogecoin could be a lucrative opportunity. Its price is up 3.3% today, 5.6% this week, and down 3% this month.
PlayDogeContinuing with the Dogecoin theme, PlayDoge is a solid alternative for those wanting to maximize their upside potential.
This new meme coin has a captivating twist – it’s building a P2E game. The game is inspired by the iconic 1990s pet companion game Tamagotchi.
PlayDoge has a similar concept: users care for a pet on a handheld gaming device. The main difference is that PlayDoge users receive free crypto for playing.
Considering Tamagotchi sold 82 million units without user rewards, PlayDoge’s potential is huge. And that’s not even considering its meme coin allure.
PlayDoge will launch on the App Store and Google Play Store, ensuring it is available to everyone. Investors can stake their tokens to compound their gains. The project is undergoing a presale and has raised $6 million so far.
Currently, the $PLAY presale price is $0.00528, but this will rise throughout the campaign.
EthenaIf there’s one thing investors love, it’s passive income. That’s why Ethena has caused a huge buzz since its token launch earlier this year.
The project’s slogan is “enabling internet money,” and it’s doing this with a decentralized, yield-generating stablecoin, USDe.
USDe relies on low-risk delta-neutral trading strategies to optimize and provide yield to holders.
It currently offers a 3.8% APY. However, readers should note that this fluctuates and was above 12% just a couple of days ago.
ENA is the governance token for Ethena, enabling holders to make important decisions on the project’s future. It can also be used for staking to generate additional gains.
Given that Ethena is at the forefront of DeFi innovation, ENA could be a solid buy.
It is currently trading at $0.00528, up 6% today, up 15% this week, but down 21% this month.