Crypto Gloom

Best Cryptocurrencies to Invest in Right Now September 29 – XRP, VeChain, BNB

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By Crypto Gloom

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Bitcoin surged to $65,747 at press time, its highest level in two months, boosting the broader altcoin market along with it. Due to this momentum, many market participants are now eyeing the $70,000 level as the next target for Bitcoin. As a result, the altcoin market saw a widespread uptrend, with many tokens showing positive trends on the price charts.

Investors are now looking for cryptocurrencies with strong growth potential to capitalize on these market changes. This analysis will focus on identifying: Best Cryptocurrency to Invest Now We can provide solid investment opportunities based on current trends and market behavior.

The best cryptocurrency to invest in right now

The current price of XRP is $0.6274, up 2.29% over the last 24 hours and up 6.12% over the past week. This upward movement has led some analysts to adopt a more optimistic outlook on the token. Meanwhile, VeChain’s mainnet has seen a significant increase in activity, with over 1.4 million clauses processed to date. Additionally, Polkadot has shown steady growth in market performance.

1. Ripple (XRP)

XRP has shown resilience in the face of difficult market conditions, even as Ripple continues to sell significant amounts of XRP from its treasury. Last September, Ripple sold 350 million XRP, a significant number that initially caused a brief negative reaction in the market. However, as assets showed signs of recovery, discussions about the possibility of a breakthrough were sparked.

The current price of XRP is $0.6274, up 2.29% over the last 24 hours and up 6.12% over the week. This upward trend has led some analysts to adopt a positive outlook on XRP. Predictions of an imminent “altcoin season” further strengthen XRP’s upside potential.

XRP price chart

While some experts maintain a bullish stance based on recent price movements and technical signals, it is important to be aware of the inherent risks due to the volatility of the cryptocurrency market. XRP is up 21% over the past year and is currently trading above its 200-day simple moving average, which is often considered a positive technical indicator.

Additionally, XRP has experienced 17 green days in the last 30 days, accounting for 57% of the month. High liquidity relative to market capitalization further supports market stability. As XRP continues to trade within a relatively stable price range, investors are monitoring for potential breakout signals.

2. Pepe Unchained (PEPU)

Pepe Unchained It garnered attention in the cryptocurrency industry by raising over $16 million in the pre-sale phase. The project aims to provide faster and cheaper transactions, especially for meme coin traders who value speed and cost-effectiveness. The project’s decentralized structure and growth potential contributed to its appeal among investors.

The platform aims to build a strong and engaged community. The development team plans to support developers early with the goal of launching a solid ecosystem until the official launch. This can help position your project for long-term growth.

The main focus of this project is to simplify trading by minimizing transaction costs and delays. This approach is attractive to meme coin traders looking for a faster and more cost-effective solution. Pepe Unchained’s developer grant initiative, known as “Pepe Frens with Benefits,” further highlights its commitment to fostering ecosystem growth.

The program encourages developers to build decentralized applications (dApps), NFT projects, and DeFi tools on the network. Pepe Unchained‘s layer 2 solution promises faster transaction speeds and lower fees compared to Ethereum, which could attract a wider range of meme coin traders. If successful, this infrastructure could drive further adoption and increase the value of the token as the project matures.

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3. Polkadot (DOT)

Polkadot has shown steady growth in market performance. Over the past month, the token has risen by 14.68% and has gained 10.19% in the past week alone. This upward trend is supported by various technical indicators and suggests continued growth potential.

Compared to the token sale price, Polkadot has performed positively, with 17 of the last 30 days listed as “green” days. This means that the price closed above the opening price. They are considered highly liquid, reflecting their market capitalization and ability to handle large transactions without significant price fluctuations.

DOT price chart

Recently, Polkadot released an important update called Agile Coretime as part of the Polkadot 2.0 upgrade. The development, shared through a post by X, focuses on improving how network resources are managed. The new system replaces the previous auction-based model, which used two-year leases to allocate block space to parachains.

Agile Coretime introduces “cores,” virtual units that help manage transactions and execute smart contracts across parachains. These changes aim to simplify the process for developers by streamlining resource deployment within the Polkadot ecosystem.

The upgrade is likely to increase developer interest and further drive adoption of the platform. Polkadot’s consistent market performance and network upgrades make Polkadot Best Cryptocurrency to Invest Now.

4. VeChain (VET)

VeChain’s mainnet has seen a notable increase in activity recently, processing over 1.4 million clauses to date. This surge highlights the platform’s growing role in the blockchain ecosystem. Increased network activity often means wider adoption, suggesting that VeChain’s technology is being used in more real-world applications.

This trend is consistent with the company’s long-term goal of promoting blockchain technology across industries. Moreover, VeChain is recognized as a key player in the European blockchain-based Internet of Things (IoT) market. Blockchain technology is being integrated into a variety of fields, including supply chain management, healthcare, and the automotive industry.

VET price chart

In terms of market performance, VET is currently trading at $0.02548 and is down 2.02% over the session. However, despite some short-term volatility, it posted a weekly gain of 8.87%, reflecting overall positive momentum.

The token has also launched a grant program to foster innovation within its ecosystem. The program helps developers create practical blockchain-based solutions. The initiative provides access to funding (financial and DAO-related), mentorship from industry experts, and technical resources.

Developers can also benefit from community support and marketing opportunities. The grant program specifically focuses on developing an “X-2-Earn” ecosystem where participants are rewarded for contributing to activities that have a positive impact.

5. BNB

Since its launch, BNB has gained significant popularity and value due to increased interest from investors. This was especially noticeable in early 2021 when coin prices soared, attracting the attention of institutional investors.

BNB price chart

As part of its broader mission, BNB Chain aims to reach the next billion users and bridge the gap between Web2 and Web3. One of the main focuses is stablecoins, digital currencies designed to maintain stable value. BNB Chain is implementing several initiatives to encourage the use of stablecoins, including the Total Value Locked (TVL) incentive program and deep integration of stablecoins into the decentralized finance (DeFi) ecosystem.

The chain has also launched a Gas-Free campaign to reduce transaction costs. To make stablecoins more practical for everyday use, BNB Chain is partnering with payment gateways. This integration aims to bridge the gap between digital and traditional financial systems by enabling stablecoins to be used in real-world transactions.

BNB Chain believes that stablecoins are essential to drive mass adoption and make cryptocurrencies as accessible as traditional fiat currencies. The BNB token is currently trading at $597.15 and market sentiment is bullish. The Fear & Greed Index is 63, indicating investor optimism.

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