Crypto Gloom

6 Best Altcoins to Invest in Today September 12 – Render, Uniswap, ORDI, BNB

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By Crypto Gloom

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According to CryptoQuant analyst OnchainTerek, the major cryptocurrency Bitcoin (BTC) may be preparing for a bullish turn. In a post shared on X (formerly Twitter), OnchainTerek pointed to decreasing Bitcoin holdings and increasing stablecoin holdings as indicators of a potential price rally.

Analysts believe that Bitcoin could soon experience a price surge due to a shortage of market supply and increased purchasing power. Given this bullish sentiment, investors are Best Altcoins to Invest in Today.

6 Best Altcoins to Invest in Today

Render Network is emerging as a prominent player in the decentralized GPU-based rendering space, offering solutions that streamline the digital production process. Despite ongoing regulatory concerns, Uniswap (UNI) is showing signs of a potential bullish trend.

ORDI (ORDI) is currently trading at $30.72, up 3.59% over the last 24 hours, while Flow (FLOW) is up 4.16% over the same period, hitting $0.554931. Crypto All Stars has introduced an integrated staking platform for meme coin enthusiasts, allowing them to earn passive rewards. Robinhood’s CEOCryptocurrencies will bring significant benefits to financial services over time.

1. RENDER

Render Network is a key player in distributed GPU-based rendering, providing solutions that enhance the digital production process. The network leverages a peer-to-peer system for scalability, speed, and cost-effectiveness.

RENDER Price Chart

The current market trend of Render shows a positive outlook. For example, RENDER is trading at $5.19 and has risen by 3.01% in the last 24 hours. Year-to-date (YTD), the token has surged by 250%, outperforming 82% of the top 100 crypto assets. In addition, the token has recorded 16 green days in the past month.

From a technical perspective, RENDER is facing resistance at the 50-day exponential moving average (EMA). This level needs to be broken to continue the uptrend. The token is gaining momentum and as long as it remains above the support trend line, the rally can continue. However, if it encounters a rejection, lower support levels could provide good entry points for investors.

2. Uniswap (UNI)

Amidst ongoing regulatory uncertainty, Uniswap (UNI) is showing signs of a potential bullish reversal. The technical chart shows the formation of a falling wedge pattern, which generally indicates bullish momentum. As the price approaches the top of this wedge, traders are closely monitoring a potential breakout that could push UNI’s price to $16. That would be a 139% increase from its current level of $6.77.

UNI Price Chart

This bullish outlook hinges on a price breakout around $9 and a rally to $16. A breakout looks increasingly likely as market participants await the outcome of a congressional hearing that could impact the future of decentralized finance (DeFi) in the United States.

Uniswap is currently performing strongly, with the price currently 28.43% above its 200-day simple moving average (SMA) of $5.28. Over the past year, Uniswap is up 61% and has outperformed 50% of the top 100 crypto assets. It has shown steady momentum, recording 16 green days in the past 30 days, indicating growing confidence among traders. However, regulatory developments and broader market conditions are likely to play a significant role in determining whether Uniswap can maintain this upward trajectory.

3. ORDI

The current price of ORDI (ORDI) is $30.72, up 3.59% in the last 24 hours. Over the past year, ORDI has surged 879%, outperforming 96% of the top 100 cryptocurrencies. In particular, it has outperformed Bitcoin and Ethereum during this period.

ORDI is also trading above its 200-day simple moving average (SMA) and is currently 126.78% above its SMA value of $13.55, indicating a positive long-term trend supported by high liquidity relative to market cap.

ORDI Price Chart

According to the forecast, the price prediction of ORDI is likely to increase by 226.90% and possibly reach $100.91 by October 12, 2024. In the short term, the price prediction for the next few days shows moderate growth and is estimated to be $45.78 by September 19, 2024, representing an increase of 48.31% from the current price.

Overall, sentiment on ORDI appears neutral, with 17 technical indicators indicating bullish momentum. Based on recent trends, this forecast provides a cautiously optimistic outlook for the cryptocurrency’s short-term performance.

4. FLOW

Flow (FLOW) is up 4.16% in the last 24 hours at $0.554931. Over the past year, its value has grown by 34%, showing a steady upward trend. Over the past 30 days, the coin has recorded 17 days (57%) where the closing price was higher than the opening price, indicating positive momentum.

FLOW Price Chart

The asset shows strong liquidity relative to its market capitalization, making it easy to buy and sell without much price impact. Flow’s price prediction is for a 228.24% increase, with a potential to reach $1.812543 by October 12, 2024.

Despite this optimistic outlook, sentiment towards Flow remains neutral, supported by 15 technical indicators that indicate a bullish trend. The Fear & Greed Index is at 31, indicating caution among investors. Flow has also experienced relatively low volatility, with a volatility of 4.34% over the past month. Given this data, some may see this as a good investment opportunity, but it is essential to consider market sentiment and individual risk appetite.

5. ⁠BNB (BNB)

Binance Coin (BNB) has been experiencing steady growth, rising for the fifth consecutive day. It reached an intraday high of $545, its highest since August 27, and is 15% higher than its low this month. This is a recovery of more than 36% from its August low, and is in line with the broader cryptocurrency market, including coins like Sui (SUI), Popcat (POPCAT), and BinanceX (BNX), which have also been on the rise.

BNB Price Chart

The BNB price rally appears to be correlated with on-chain metrics. According to the data, active addresses increased by 4% in the last 24 hours to 925,700. Meanwhile, the total number of transactions increased by 15% to 4.2 million, the highest in nearly a month.

However, a longer-term view reveals a different picture. Active addresses have declined significantly, down more than 75% from their peak of 3.58 million in December. Similarly, transactions peaked at 4.8 million in August but have since fallen more than 75%. Additionally, BNB Smart Chain fees have been trending down, from $1.5 million in April to $372,000.

6. Crypto All Stars (STARS)

Crypto Allstars We are introducing an integrated staking platform for meme coin holders, allowing them to earn passive rewards. To access the platform, users must hold $STARS tokens, which provides utility to the tokens, a feature often missing from many meme coins. Additionally, the more $STARS tokens a holder holds, the higher the rewards they can earn.

The platform supports staking for popular meme tokens such as Dogecoin, Shiba Inu, Pepe, Floki, Bonk, and plans to add more coins as the industry evolves. This flexibility will allow Crypto All Stars to attract meme coin enthusiasts and create long-term demand for the $STARS token.

Star Tweet

Investors in the pre-sale phase are eligible to stake $STARS tokens, which currently offer a high annual percentage yield (APY) of 1,212%. However, the APY is expected to decrease as more participants join. So far, the pre-sale has raised $1.2 million, and the current price is $0.0014362. The price is expected to increase as the pre-sale progresses, with the next increase scheduled for two days later.

The platform aims to appeal to meme coin investors by providing a means to explore profit opportunities in various projects. To increase credibility, Crypto Allstars It has been audited by two independent firms, SolidProof and Coinsult, which provides assurance of security to potential investors.

Visibility has increased through influencer endorsements, including support from YouTuber Jacob Bury and cryptocurrency analyst ClayBro, who have encouraged the Shiba Inu community to join the platform.

Visit Crypto All Stars Pre-Sale

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