Top 5 Altcoins to Invest in Today July 4th – Raydium, Worldcoin, Axelar, Dogwifhat

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The general cryptocurrency market has seen a significant slowdown due to sentiment surrounding several market events. Bitcoin Bitcoin has lost a significant chunk of its value to trade at $60,000 today, a notable 3% price drop. However, some cryptocurrencies have defied this gloomy market sentiment to lead the race towards a massive bull rally project.

Meanwhile, investors continue to search the market for the best altcoins to buy their dips before the bull season begins. A few altcoins have stood out among the many options by posting significant gains. Today’s analysis highlights some of the best cryptos that could offer substantial returns.

Top 5 Altcoins to Invest in Today

Several new tokens have seen higher price gains despite the overall market decline. One such token is Worldcoin, which has shown great prospects and generated significant gains for investors since its launch. Furthermore, recent data indicates that whales are actively acquiring WDC, reflecting the strong investor confidence in the platform.

Today’s exploration offers investors valuable analysis that will help them assess the profit potential of Worldcoin, Raydium, Dogwifhat, and Axelar. All the altcoins evaluated are trading with green candlesticks. They have seen an increase of between 2% and 10% in the last 24 hours, suggesting favorable investment prospects.

1. Raydium (RAY)

Raydium is an automated market maker (AMM) and liquidity provider within the Solana blockchain ecosystem. It offers seamless integration with the Serum decentralized exchange (DEX). The protocol transforms liquidity into limit orders placed on Serum’s order books. This unique feature allows liquidity providers (LPs) to tap into the broad order flow and deep liquidity offered by Serum.

Meanwhile, RAY’s price action demonstrated a breakout from a triangle formation to trigger a new bullish cycle supported by the trendline. As momentum builds from this breakout, the uptrend of this Solana-based altcoin suggests that buyers are eyeing a potential push beyond $2 in a week. Optimism surrounds the token as it forms a triangle breakout pattern, potentially reaching a peak of $2.80 in the coming weeks.

Currently, the RAY token price is trading at $1.66, indicating that it has surged by 12% in the last seven days. A bullish crossover in the MACD indicator supports this impressive performance in the short term. Despite a 2% intraday decline, Raydium’s post-retest correction is likely to surpass the 50% Fibonacci level, which is located at $1.79.

Moreover, the recent change in market sentiment and strong technical indicators point to a promising uptrend for Raydium. With a bullish reversal and breakout rally underway, the price projection for this Solana-based meme coin is predicting it to hit the $5 mark before the end of 2024. Investors can take advantage of the current low price to buy the dip and enter the market at the ideal entry point.

2. Worldcoin (WDC)

Worldcoin is currently facing significant developments and challenges. Despite setbacks, such as Elon Musk’s lawsuit against OpenAI, which has ties to Worldcoin, market sentiment remains positive. Long-time holders and large investors continue to express confidence in the project. Recent data also indicates that whales are actively acquiring WDC, reflecting investors’ strong confidence in the platform.

However, these challenges have had little impact on the Worldcoin token price, as it has seen notable gains over the past 24 hours. This increase demonstrates investors’ satisfaction with the recent announcements and growing confidence in overcoming legal hurdles. Currently, WDC is valued at $0.005096, indicating strong trading activity and notable growth over the past week and month.

Over the past 24 hours, Worldcoin has surged by 2.33%, demonstrating its resilience in the face of the general market downturn. The token holds a prominent place in the Ethereum (ERC20) token sector. Furthermore, the token has recorded 20 green trading days in the past 30 days, indicating favorable market momentum.

In summary, WDC is facing a pivotal moment amidst significant challenges and developments. The future looks bright for this innovative cryptocurrency, as evidenced by its loyal community and promising advancements. Therefore, investors can join the project before it begins an anticipated 50x surge during the anticipated bull season.

3. Dogwifhat (WIF)

With a market cap approaching $3 billion, Dogwifhat (WIF) has quickly established itself as the third-largest cryptocurrency in the cryptocurrency market. The meme token is following in the footsteps of DOGE and SHIB just four months after its launch, with the goal of surpassing SHIB soon. The project’s success is largely attributed to its engaging meme concept featuring a dog wearing a hat.

Additionally, the rise of WIF has had a positive influence on Solana’s value, contributing to the altcoin’s resurgence. This is because investors must purchase SOL before exchanging it for WIF tokens. Additionally, the community’s ambitious fundraising campaign to feature its meme on the Las Vegas Sphere raised nearly $700,000.

At the time of writing, WIF was trading at $1.79. If current trends continue, analysts are anticipating potential resistance levels for WIF at $2.12 and $2.94. Such projections suggest that WIF could see a significant increase of over 300% if it reaches these levels.

The token is showing strong monthly price performance, posting a massive 2% gain and 964.23% YoY. This surge marked the second consecutive month of gains for Dogwifhat, suggesting a positive short- and long-term trend in its trading activity. Additionally, future upgrades and advancements within the Dogwifhat ecosystem could potentially propel WIF beyond its current all-time high (ATH) of $4.85, setting a new ATH.

4. Axelar (AXL)

The launch of the EVM XRPL sidechain aims to expand the use cases and interoperability of the XRP Ledger (XRPL). At the heart of this project is the integration of the Axelar Bridge, which is the main link between the XRPL mainnet and the EVM sidechain. This bridge enables the transfer of native XRP and the gas-wrapped token (eXRP) across the networks.

Meanwhile, AXL is currently trading at $0.6098, fluctuating between a narrow zone of $0.60 and $0.583, indicating minimal price volatility. Over the past 24 hours, the altcoin has gained around $0.04. Over the past seven days, AXL has shown a positive upward trend, experiencing an 8% increase in its value.

Additionally, Axelar has recently demonstrated considerable potential, presenting a promising investment opportunity. Over the past year, AXL has surged by 60.55%, adding an average of $0.41 to its current value. This rapid growth positions the coin as a potentially valuable asset if its upward trajectory persists.

Additionally, the token has seen 14 positive trading days in the past month, with a 30-day volatility rate of 23%. Currently, AXL is trading 25.92% above its 200-day simple moving average (SMA) of $0.4891. Axelar’s ​​RSI stands at 59.13, indicating that it is moving out of the overbought zone and has the potential for a more stable short-term outlook.

5. 99Bitcoins (99BTC)

99Bitcoins provides users with a platform that gives them the opportunity to earn while learning. Analysts have predicted that the token will increase 1,000 times before the end of 2024. Additionally, the token is based on the Ethereum network and plans to expand to the BRC-20 blockchain soon.

Additionally, the 99Bitcoins news platform caters to a wide audience, with over 900,000 subscribers on YouTube and 3 million email subscribers. Its latest initiative, the Learn-to-Earn project, aims to revolutionize cryptocurrency education. Participants are rewarded for their engagement and self-learning through interactive modules, quizzes, and courses.

Additionally, 99Bitcoins offers various incentives, such as access to premium trading signals and rebates. The token can also be staked for passive income. This innovative approach of combining learning and earning has piqued the interest of early backers, who believe the token could attract considerable attention upon its launch.

With the presale raising over $2.3 million at $0.00112 per token, investors are excited about the potential of 99BitcoinsThe token also offers special benefits such as BRC20 tools and education, a VIP community group, and trading signals. Token holders are also entitled to a high APY, which will decrease as more token holders participate in staking.

Visit the 99Bitcoins pre-sale.

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