Blockchain

Top Crypto to Invest in Right Now May 4 – Uniswap, dogwifhat, Fetch.ai

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Investors constantly seek the most promising coins to add to their portfolios. This article explores a selection of high-potential cryptocurrencies generating market interest.

The crypto market seems to be recovering from its lull, with Bitcoin spot ETFs recording its first weekly inflow and Bitcoin rebounding across the 60,000 mark. Bitcoin’s present favorable outlook has trickled to altcoins as the Base ecosystem printed over a 30% increase in the last intraday session. 

This trend mirrors the green figures printed by the overall crypto market cap and trading volume. On this note, market participants are searching for the top crypto to capitalize on ongoing trends.

Top Crypto to Invest in Right Now

Uniswap has experienced significant growth, with DEX volume surging from $4 billion in 2022 to over $30 billion. Moreover, the price of WIF shows a robust bullish trend on the 4-hour chart, exhibiting no apparent resistance levels. 

In the past week, Fetch.ai has offered enticing opportunities for investors, fluctuating within a weekly trading range of $1.90 to $2.54. Meanwhile, following a report from the US Bureau of Labor Statistics in Friday’s trading session, major US equities surged, indicating a slowdown in job growth for April.

1. Uniswap (UNI)

Uniswap has grown remarkably in its Layer 2 operations, with DEX volume surging from $4 billion in 2022 to over $30 billion. This increase signifies growing user adoption. At the time of writing, UNI is valued at $7.53, showcasing a robust 6.78% increase in the last 24 hours. 

This upward trend in price, trading above its 200-day simple moving average, is a testament to the bullish sentiment surrounding the token. The UNI token has also demonstrated its resilience in the market, experiencing 15 positive trading days out of the last 30. 

UNI Price Chart

Moreover, there has been an increase in new addresses, rising by 140% over the past year to reach 7.26 million addresses, up from 3.03 million in May 2023. Uniswap’s project is further bolstered by its high liquidity, a testament to its market capitalization. To enhance user experience, Uniswap has recently partnered with Robinhood. This strategic alliance allows users to purchase cryptocurrencies directly using their Robinhood account balances through Uniswap’s mobile app. 

This integration simplifies the buying process and broadens access to digital assets, allowing users to use bank transfers or debit cards for transactions. Analysts predict that if bullish market trends continue, UNI’s price could reach a maximum of $18.62 by the end of 2024, with an estimated average trading price of $17.73 for the year.

2. Kaspa (KAS)

Kaspa is a proof-of-work (PoW) cryptocurrency that implements the innovative GHOSTDAG protocol, which differs from traditional blockchains. It allows parallel blocks to coexist and be ordered through consensus. This unique approach supports high block rates while maintaining security.

Currently, Kaspa operates its main net at 1 block per second, offering swift transaction confirmations. Its token’s market price is $0.11, with a market cap of $2.6 billion. It saw an intraday increase of 8.02%, indicating market activity, though sentiment analysis suggests a bearish outlook.

KAS Price ChartKAS Price Chart

However, the Fear & Greed Index, at 67 (Greed), reflects positive market sentiment. Moreover, KAS ranks 6th among Proof-of-Work Coins and 24th in the Layer 1 sector. Notably, Kaspa’s price has surged by 324% over the past year, outperforming 86% of the top 100 crypto assets.

Kaspa currently trades above the 200-day simple moving average, suggesting bullish sentiment. Due to its substantial market cap, Kaspa remains attractive to traders and investors, with a high liquidity level.

3. Smog (SMOG)

SMOG is currently valued at $0.07 per token and has seen a notable uptick in trading activity over the past 24 hours. Its price surged by 5.91% in this period, building on a 1.56% increase over the past week.

The project launched its second season of airdrops on April 4th. This ongoing campaign evaluates SMOG holders’ on-chain engagement since the token’s inception. Additionally, participants are rewarded for completing community challenges through the second season’s questboard on Zealy.

Investors are encouraged to consider trading SMOG to optimize their XP gains and to engage in challenges hosted on Zealy to earn rewards. Furthermore, SMOG’s recent performance reflects positive market sentiment. 

This is supported by its innovative approach to incentivizing token holders and fostering community participation through its airdrop. This strategy aims to enhance user engagement and reward active contributors within the SMOG ecosystem.

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4. dogwifhat (WIF)

The price of WIF currently displaying a strong bullish trend with no apparent resistance on the 4-hour chart. This positive momentum suggests that bearish forces may struggle to halt its upward trajectory. Despite broader crypto market fluctuations, WIF has attracted significant attention and remains under bullish influence.

Over the past few days, WIF’s price has surged consistently, showcasing resilience even during temporary pullbacks experienced by other cryptocurrencies. At the time of writing, dogwifhat is priced at $3.39, marking a notable 21.71% increase in the last 24 hours. With its reliable performance history, WIF demonstrates the potential for steady growth.

WIF Price ChartWIF Price Chart

Furthermore, WIF is currently trading close to its cycle peak and benefits from substantial liquidity, reflected in its market capitalization. Optimism surrounding WIF’s future prospects is recognizable, with some projections suggesting it could reach $5 by the end of 2024.

Moreover, investor confidence in the crypto market direction may fuel further interest in coins like WIF. However, WIF’s past achievements and ongoing development efforts make it a potentially promising investment choice.

dogwifhat’s recent price performance underscores its appeal, particularly within the meme coin sector. With its bullish momentum and investor confidence, WIF is the best cryptocurrency to buy now.

5. Fetch.ai (FET)

Fetch.ai has recently demonstrated positive price action, hinting at a potential bullish trend in the market. The 12-hour chart for Fetch.ai shows a pattern resembling a bullish flag, suggesting a possible upward movement towards $5.60 per token. This observation is supported by the coin’s current daily trading increase of 7.82%, reflecting strong market sentiment favoring further price growth.

Over the past week, Fetch.ai has presented lucrative opportunities for investors. After overcoming a price correction following its breach of the $3.00 resistance level, the token has gained over 26% in value. The token is trading within a weekly range of $1.90 to $2.54, reaching an all-time high of $3.45 a few days ago.

FET Price ChartFET Price Chart

Fetch.ai recently integrated Meta’s LLama 3-8B model into its ecosystem. This integration harnesses the latest advancements in language understanding and reasoning offered by LLama 3, supporting Fetch.ai’s mission to develop sophisticated AI applications.

Investor anticipation is at its peak for Fetch.ai’s upcoming AI token project collaboration with SingularityNET and Open Protocol. This partnership is eagerly awaited to enhance the value and visibility of the FET token within the market, potentially leading to increased demand and a bullish market sentiment.

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