Crypto Gloom

Best Cryptocurrencies to Invest in Right Now August 28 – Internet Computer, Injective, Avalanche

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By Crypto Gloom

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Russia’s recent decision to establish a cryptocurrency exchange is causing ripples in the financial sector. The move could signal a shift in global financial strategy, especially as other countries consider BTC as part of their national reserves. With major countries like Russia and China showing interest in cryptocurrencies, the market could be entering a new phase of digital currency.

As more countries begin to hoard digital assets, the value of increasingly scarce digital assets could rise, potentially transforming global financial markets. As digital currencies gain popularity, investors are looking for: The best cryptocurrencies to invest in right now Make the most of these opportunities.

The best cryptocurrencies to invest in right now

AVAX has seen a slight recovery in price recently, up 1.20% over the past week. In addition, Injective has released the Remix Web IDE, which allows developers to build, test, and deploy smart contracts directly in the browser. Internet Computer is also gaining attention as it continues to expand its utility and integration within the broader cryptocurrency ecosystem.

1. Avalanche (AVAX)

Avalanche is a layer 1 blockchain that supports decentralized applications and custom blockchain networks. It aims to be a leading platform for smart contracts by providing higher transaction capacity while positioning itself as a competitor to Ethereum. The platform can also handle up to 6,500 transactions per second while maintaining scalability.

Recently, AVAX has recovered slightly in price, rising from its recent low to $23.53, up 1.20% over the past week. Nevertheless, the cryptocurrency is down 36% over the past six months.

AVAX Price Chart

However, it is important to note that Avalanche is trading above its 50, 100, and 200-day exponential moving averages (EMAs), which suggests a potentially positive outlook in the medium to long term. Additionally, the token’s relative strength index (RSI) approached oversold levels on the daily chart but has since fallen below 50, indicating significant potential for price appreciation.

Avalanche also benefits from high liquidity backed by a significant market cap. This liquidity is a positive factor, suggesting sufficient market activity to support price stability and potential growth. The token is also trading at 50.46% above its 200-day simple moving average (SMA) of $15.75, reflecting a strong position relative to the long-term trend.

2. SHIBASHOOT

Shiva shootout Combining the Wild West theme with blockchain technology. Players can earn rewards with SHIBASHOOT tokens through various in-game activities. The game takes place in the fictional city of Shiba Gulch, where players can participate in various tasks to collect tokens.

A key aspect of Shiba Shootout is the Cactus Staking program. This feature allows early adopters to stake their SHIBASHOOT tokens and earn significant annual yields (APY) of over 897%. This staking option is designed to maximize the returns of early adopters. Players can also increase their earnings by referring their friends and family to join the Shiba Shootout network.

The ecosystem also features Shiba Sharpshooter, a play-to-earn game that can be downloaded on mobile platforms. A Web3 app is also in development, which aims to further enhance the gaming experience. Posse Rewards is now available on the SHIBASHOOT website. By connecting the wallet and sharing the unique code, users can earn a hefty 5% commission on every purchase made by their referrals.

Pre-sale Shivasuit The tokens have raised over $1 million to date. The project emphasizes community building, offering early adopters access to staking rewards and leaderboard bonuses. The tokens are currently priced at $0.02 each, positioning the project as an option for market participants looking to invest in a cryptocurrency with multiple use cases.

Shiba Shootout Pre-Sale Visit

3. Internet Computer (ICP)

Over the past few weeks, the AI ​​sector has seen a significant market cap increase of 79.7%. By August 25, the token market cap for this sector had surpassed $38 billion, signaling a return to investor confidence. This growth was largely driven by the recovery in Bitcoin’s price, which had a ripple effect across various cryptocurrency sectors.

ICP Price Chart

Meanwhile, the Internet Computer has been a standout during this period. The platform has expanded its utility and integration within the broader cryptocurrency ecosystem. ICP provides a “world computer” blockchain that allows developers to build Web 2.0 and Web 3 services without relying on traditional centralized IT infrastructure such as cloud computing.

The platform provides the ability for smart contracts to create transactions directly on other blockchains. This feature has generated interest from developers and has led to a surge in adoption by supporting full end-to-end decentralization for online services and Web3.

Moreover, ICP is currently trading at $7.78 and is up 5.55% over the past 7 days. Over the past year, the price of ICP has increased by 126%, outperforming 68% of the top 100 crypto assets. The token also has strong liquidity relative to its market cap.

4. Injection (INJ)

Injective recently launched Remix Web IDE, a web-based development environment that allows developers to build, test, and deploy smart contracts directly in the browser. The tool removes the typical barriers associated with software development.

By streamlining the entire development process, developers can get started right away without any additional setup. In addition, Injective’s network performance has also been improved, with block times averaging 0.65 seconds. This speed improvement can be a huge help for high-frequency trading activities, potentially increasing the liquidity of the network.

INJ Price Chart

In addition to these developments, Injective has hinted at the launch of a new prediction market platform, Paradyze. While details are not yet known, the platform is expected to leverage Injective’s infrastructure to provide new opportunities in the cryptocurrency prediction market.

In addition, INJ experienced a price drop and is currently trading at $19.08, recording a drop of 8.02% on the day. Despite this drop, INJ has gained 8.02% overall over the past week. In addition, the trading volume has surged by 74.35% to $130 million, indicating increased market activity.

5. Jupiter (JUP)

Jupiter (JUP) has seen a notable uptrend this week, with its price up more than 3%. This growth has pushed it to the 58th largest coin in the world by market cap, as reported by CoinMarketCap over the last 24 hours. The coin is currently trading above its 200-day simple moving average, a technical indicator that often suggests a long-term uptrend.

Jupiter’s liquidity is high relative to its market cap. This suggests that the coin is easy to trade and that there are enough buyers and sellers to ensure stable price movements. This positive signal can provide reassurance to traders and investors, giving them confidence in their decision-making in the cryptocurrency market.

JUP Price Chart

Recently Jupiter Exchange launched Jupiter Lock, a new platform designed for token vesting. This is a process where tokens are released gradually over time. Unlike other platforms that require fees, permits, or business development calls, Jupiter Lock is free for all project teams, regardless of size or resources. This accessibility allows smaller projects to manage token distribution without additional costs.

The security of the platform has been thoroughly tested and has undergone two separate audits. Jupiter Exchange has made the platform completely open source, increasing transparency and trust, allowing users to review the code and verify its security.

Jupiter (JUP) also had a solid performance this week and continues to provide an accessible and secure solution for token vesting. Its high liquidity and recent technological advancements make it a coin to watch in crypto.

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