Crypto Gloom

October 22nd 5 Best Altcoins to Buy Now – Raydium, Uniswap, Jupiter, TRON

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By Crypto Gloom

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The cryptocurrency market is gaining momentum, and “Uptober” is proving its reputation with a steady increase. Net inflows are now similar to what they were during the February surge, suggesting another significant move could be on the horizon.

Prices spiked last February and a similar pattern is likely to emerge. As more capital flows into Bitcoin and altcoins, the market could see another breakout. According to experts, external conditions are favorable and if this upward trend continues, Bitcoin could potentially reach $100,000 and altcoins are likely to benefit from the momentum. In his view, investors are looking for cheap tokens, especially tokens. Best altcoins to buy now.

5 Best Altcoins to Buy Now

Raydium, an automated market maker (AMM) and liquidity provider, operates on the Solana blockchain and supports Serum’s decentralized exchange (DEX). Meanwhile, Korea’s largest cryptocurrency exchange, Upbit, has listed UNI for trading in both the Korean Won (KRW) and USDT (USDT) markets.

Tron (TRX) is currently trading at $0.160246 and is up 1.22% over the last 24 hours. Pepe Unchained ($PEPU) raised $21 million in presale, bringing the meme coin’s total market cap to $60 billion. Prominent in politics Cryptocurrency Political Action The PAC is focused on tight House races as the 2024 elections near completion.

1. Radium (RAY)

Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for Serum’s decentralized exchange (DEX). What sets Raydium apart from traditional AMMs is its integration with a central limit order book.

RAY price chart

This means that the liquidity provided to Raydium will be converted into limit orders and recorded in Serum’s order book. As a result, Raydium liquidity providers have access to both Serum’s order flow and liquidity pools.

As of today, the price of Raydium is $2.69, up 8.02% over the last 24 hours. Over the past year, its price has surged 1,393%, outperforming Bitcoin and Ethereum as well as 94% of the top 100 cryptocurrency assets. Additionally, Raydium is trading above its 200-day simple moving average, with 17 of the last 30 days (57%) showing positive price movement. Liquidity is assessed to be strong relative to market capitalization.

2. Uniswap (UNI)

Upbit, Korea’s largest cryptocurrency exchange, announced that it will be listed on UNI’s KRW and USDT markets. Trading is scheduled to begin on October 22nd at 15:00 (UTC+8). UNI was already tradable in the UNI/BTC pair. Following this news, the token rose 5.2%, reaching $8.31. The fully diluted value (FDV) is currently $8.31 billion.

UNI price chart

The current price of Uniswap (UNI) is $7.95, with an increase of 4.41% in the last 24 hours. Last year, UNI’s price rose 87%, outperforming 52% of the top 100 cryptocurrency assets. Additionally, it is trading above the 200-day simple moving average, indicating a stable upward trend. Over the past 30 days, UNI has had 15 days when its closing price was higher than its opening price. This shows consistent positive movement. Liquidity relative to market capitalization remains high.

UNI Tweet

It is predicted that the price of UNI may rise 132.39% in the future. It could reach $18.96 by November 21, 2024. Market sentiment is currently bullish, with the Fear and Greed Index reading at 70 (greed). Last month’s price volatility was 5.75%. Analysts suggest that now could be a favorable time to buy Uniswap. However, it is important to closely monitor market conditions before making any decisions.

3. Jupiter (JUP)

DEX integrator Jupiter announced an allocation of 50 million JUP and 7.5 million CLOUD tokens for the upcoming voting and active staking round. The current claim window, which is open until December 31st, includes rewards from previous community votes.

JUP price chart

In addition to organic engagement, the platform offers a variety of trading tools that encourage incentive activity and can evolve into airdrop-related actions.

The current price of Jupiter is $0.987051, up 2.65% over the last 24 hours. It is trading above its 200-day simple moving average with bullish market sentiment and the Fear and Greed Index currently shows a “greed” score of 70. Over 67% of the token supply has been unlocked and is focused on the project. The idea is to maintain price stability to prevent potential downward trends.

4. Tron (TRX)

The current price of Tron (TRX) is $0.160246, up 1.22% over the last 24 hours. Over the past year, its value has risen 76%, surpassing half of the top 100 cryptocurrencies. Trading above its 200-day simple moving average (SMA), TRON’s current price is 17.54% above its SMA value of $0.136391, indicating strong performance. Additionally, TRON enjoys high liquidity due to its market capitalization and remains above the initial token sale price.

TRX price chart

Technical indicators indicate a bullish mood, with the Fear and Greed index reading at 70 (greed). Over the past 30 days, TRON has had green days in 47% of cases and its price volatility has been moderate at 2.01%. These factors may suggest that now is a good time to consider buying TRX.

Looking forward, the forecast for October 2024 indicates a potential reversal in the market trend with the expected price range between $0.127709 and $0.162226, with an average value of $0.14082. This represents an expected 6.97% monthly decline, giving short-term buyers a potential return of 20.31%.

5. Baby Unchained ($PEPU)

Pepe Unchained ($PEPU) raised $21 million in presales, coinciding with the total market cap of meme coins reaching $60 billion. Following the $20 million milestone, the coin has amassed an additional $1.2 million in donations over the past four days. Given this rapid progress, it seems likely that the project will soon hit $22 million, especially as interest has grown following the announcement of developer grant applications for the upcoming layer 2 chain.

The broader cryptocurrency market has recovered from a slow start to the month, and Pepe Unchained appears to be leveraging this positive trend to push for additional funding. At this stage, investors can purchase $PEPU tokens for $0.0115. Since the pre-sale began, the value of the token has increased by 40% and a further increase of 3.75% is expected in the next round.

Whale investors have shown notable interest in Pepe Unchained, with purchases exceeding $50,000 on several occasions. For example, one whale recently exchanged $53,563 worth of Ethereum for $4.6 million in PEPU tokens. Such a large acquisition could be a sign of confidence among institutional investors, suggesting that the project is attracting “smart money.”

The project has also gained momentum within the online community, with X (formerly Twitter) reaching 51,100 users. For a token still in the pre-sale phase, this level of investor interest and community engagement hints at potential future growth, especially as it becomes accessible on exchanges.

Pepe Unchained’s The pre-sale success is partly due to the announcement of developer grants for the upcoming Layer 2 blockchain. The project has opened applications for these grants with the goal of attracting developers with innovative ideas for the platform.

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