Top Cryptocurrencies to Buy Now July 8 – aelf, Chainlink, Jito
ETH
NOT
JTO
LINK
ELF
The crypto market is under significant pressure, and the decline of top digital assets such as Bitcoin and Ethereum is causing panic. However, a potential bull run might be around the corner, as several altcoins are beginning to show signs of growth. The current market downturn could precede an upward trend in the altcoin sector.
Similar to previous cycles, the current market conditions suggest that investors could see substantial gains when the market turns bullish. Market participants might consider buying during the current market dip. This article explores top cryptocurrencies to buy now, poised to potentially initiate a new growth phase.
Top Cryptocurrencies to Buy Now
Notcoin has integrated with Helika to improve user acquisition for both traditional and web3 gaming studios by avoiding traditional advertising channels. Furthermore, aelf, in partnership with Tomorrow DAO (TMRWDAO), has launched the Network DAO. Similarly, WAI has made notable strides, exceeding $7 million in its ongoing Initial Coin Offering (ICO).
1. WienerAI (WAI)
WienerAI has shown impressive progress, surpassing $7 million in its ongoing Initial Coin Offering (ICO). The combination of its features makes it a significant token in the market, attracting potential investors. The Project’s presale success can be attributed to its up to 158% annual percentage yield (APY), which has created considerable interest and urgency among investors.
Furthermore, the project’s whitepaper focuses on “companionship” and “friendship,” aiming to build strong bonds with its users. This has connected well with the community, forming “The Sausage Army,” a dedicated group of WienerAI traders.
WAI aims to develop advanced AI solutions for data analysis, process automation, and intelligent support systems. The platform features an AI-powered trading bot on the Ethereum blockchain. This bot combines humor with advanced technology to make trading more engaging and interactive.
We've hit the $7M milestone! 🌭🚀
A huge thank you to our amazing community! The journey is just beginning, and the future is bright! 💰🐾 pic.twitter.com/ZPmTgXb6Lu
— WienerAI (@WienerDogAI) July 3, 2024
Moreover, its interface allows users to interact with the AI for market analysis, potential investments, and cryptocurrency trends. By leveraging AI, WAI offers practical trading functionality, searching across decentralized exchanges (DEXs) to find optimal prices and protect transactions from issues like frontrunning.
2. Chainlink (LINK)
Recently, significant activity by whale investors has been observed in the Chainlink market. On July 2, around 54 wallets acquired 2.07 million LINK tokens, valued at $30.27 million. Additionally, a total of 90 wallets withdrew approximately 6.71 million LINK, worth $86.72 million, from Binance.
This data was highlighted by the on-chain smart money platform Lookonchain, which monitors significant movements by whale investors and institutions. At press time, LINK’s price is valued at $13.14, showing a 2.77% increase over the past 24 hours, according to CoinMarketCap.
Moreover, the 14-day Relative Strength Index (RSI) for LINK is 43.49, suggesting a neutral position with potential sideways trading, implying a balanced market sentiment. Also, the token boasts high liquidity due to its substantial market capitalization.
DeFi protocol @UmamiFinance has integrated #Chainlink Data Streams on @avax to help execute accurate and timely yield strategies.
How Data Streams powers onchain trade execution with CEX-like speeds👇 https://t.co/GxYQkHBhYR
— Chainlink (@chainlink) July 5, 2024
In recent advancements, Chainlink Data Streams has integrated with Umami to enhance the execution of yield strategies on the Avalanche blockchain. This partnership aims to improve the experience for liquidity providers (LPs) by providing more accurate and timely trade executions through Umami’sUmami’s GM vaults on Avalanche. By leveraging high-frequency market data, Umami vaults can execute trades with greater precision and timeliness.
Initially, this integration covers data streams for ETH/USD, LTC/USD, DOGE/USD, BTC/USD, XRP/USD, and BTC/USD pairs. Chainlink Data Streams utilize a neutral infrastructure and unbiased data providers to offer fair market prices, protecting users from adverse market activities like price manipulation and frontrunning.
3. Notcoin (NOT)
Telegram-based mini-games are gaining traction among investors and gamers, with Notcoin emerging as the top token. The platform recently integrated with Helika, aiming to enhance user acquisition (UA) for traditional and web3 gaming studios by bypassing conventional advertising channels.
Notcoin’s questing platform will now be part of Helika’s product suite, which includes Helika Attribution, Engage, and Analytics. This integration aims to optimize user acquisition strategies. It will further assist game studios, mobile apps, and indie developers in creating engaging gaming experiences on the Telegram platform and the TON blockchain.
According to CoinMarketCap, NOT is priced at about $0.01657, reflecting a 9.00% increase over the past 24 hours. The token is among the top-performing gaming tokens, highlighting its significant market presence and potential for future growth.
Telegram Gaming Accelerator 🕹️
Notcoin introduced new meta: Telegram mini apps for millions of users, empowered by blockchain.
Now, together with @HelikaGaming, we want to expand it and open an accelerator for game developers who will lead the wave of Telegram games. pic.twitter.com/6rGfzZrEnH
— Notcoin Ø (@thenotcoin) July 3, 2024
Over the past week, Notcoin has gained 16.22% and has shown high liquidity with a volume-to-market cap ratio of 3.0216. Its current market cap is $1.7 billion, with a 24-hour trading volume of $1.2 billion.
The recent price surge and integration of Notcoin underline its growing popularity and potential in the Telegram-based mini-game sector. As the market stabilizes, all eyes will be on the NOT token to see if it can maintain its momentum and lead in this emerging industry.
4. aelf (ELF)
aelf showcases an advanced blockchain framework designed for scalability and efficiency. The platform features modular systems, parallel processing, a cloud-native architecture, and multi-sidechain technology. These elements work together to enhance its capacity and performance.
The aelf ecosystem supports diverse dApps, promoting a vibrant blockchain network. The token has recently shown notable performance, with its price reaching $0.4143, marking a 19.25% increase in the last 24 hours. Despite this surge, market sentiment around ELF remains bearish, with the Fear & Greed Index scoring 28, indicating fear.
Nonetheless, an increase in token transactions suggests some optimism for future growth. Furthermore, aelf launched Network DAO in collaboration with Tomorrow DAO (TMRWDAO). This initiative allows Block Producers (BPs) and community members to engage in governance processes, emphasizing transparency and democratic decision-making.
With the Network DAO, MainChain AELF, and SideChain tDVV’s governance functions have moved from aelf Explorer to this new platform, highlighting the commitment to a robust decentralized governance system. The introduction of Network DAO could lead to significant price movements for aelf.
5. Jito (JTO)
Jito has been trading between $1.84 and $2.13 over the past day. Despite a significant drop of over 41% this month, the coin shows growth potential. It is currently priced at $2.13 and has experienced an intraday surge of 6.58%.
However, the market sentiment is bearish, but the token has high liquidity with a volume-to-market cap ratio of 0.4965, trading near its cycle high. The bulls are targeting a resistance level of $3.07. If market sentiment improves, JTO could rally to its second resistance at $3.72, representing a potential 50% increase.
The current trend suggests that while the bears have had influence, the bulls might gain strength, positioning Jito for a notable rise. Recently, Jito partnered with the Phantom platform to facilitate liquid staking. Users can now stake their SOL tokens or convert natively staked SOL to JitoSOL directly within Phantom.
Moreover, Jito distributes users’ SOL among validators running the Jito-Solana client, optimizing rewards. JitoSOL earns staking and MEV rewards, potentially boosting yields by up to 15%. This partnership and the potential for increased yields places JTO among the top cryptocurrencies to buy now for investors looking to maximize their returns.
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