6 Best Altcoins To Invest In Today September 12 – Render, Uniswap, ORDI, BNB

Join Our Telegram channel to stay up to date on breaking news coverage

According to CryptoQuant analyst OnchainTerek, Bitcoin (BTC), the leading cryptocurrency, may be gearing up for a bullish shift. In a post shared on X (formerly Twitter), OnchainTerek pointed to decreasing Bitcoin reserves and rising stablecoin reserves as indicators of a potential price increase. 

The analyst believes Bitcoin could soon experience a price surge due to a tight market supply and growing buying power. Given this bullish sentiment, investors are searching for the best altcoins to invest in today.

6 Best Altcoins To Invest In Today 

Render Network is emerging as a prominent player in decentralized GPU-based rendering, providing solutions that streamline the digital creation process. Despite ongoing regulatory challenges, Uniswap (UNI) shows signs of a potential bullish trend. 

ORDI (ORDI) is currently priced at $30.72, reflecting a 3.59% increase over the last 24 hours, while Flow (FLOW) has risen by 4.16% to $0.554931 during the same period. Crypto All Stars has introduced a unified staking platform for meme coin enthusiasts, enabling them to earn passive rewards. According to Robinhood’s CEO, cryptocurrency will significantly benefit financial services over time.

1. Render (RENDER)

Render Network is a key player in decentralized GPU-based rendering, offering solutions that enhance the digital creation process. The network leverages a peer-to-peer system for scalability, speed, and cost efficiency.

Render’s current market trend indicates a positive outlook. For instance, RENDER trades at $5.19, marking a 3.01% rise in the last 24 hours. Year-to-date (YTD), the token has recorded a 250% surge, outperforming 82% of the top 100 crypto assets. Moreover, the token has recorded 16 green days in the past month.

From a technical standpoint, RENDER faces resistance at the 50-day Exponential Moving Average (EMA). It will need to break above this level to continue its upward trend. The token is gaining momentum, and as long as it stays above its support trendline, the rally can continue. However, if it encounters a rejection, the lower support levels could offer a good entry point for investors.

2. Uniswap (UNI)

Amid the ongoing regulatory uncertainty, Uniswap (UNI) shows signs of a potential bullish reversal. The technical chart indicates the formation of a falling wedge pattern, typically signaling upward momentum. As the price approaches the apex of this wedge, traders are closely monitoring for a potential breakout, which could drive UNI’s price to $16—a 139% increase from its current level of $6.77.

UNI Price Chart

This optimistic outlook depends on the price-breaking key resistance around $9 and advancing toward $16. A breakout seems increasingly probable as market participants await the outcome of congressional hearings, which could influence the future of decentralized finance (DeFi) in the U.S.

Uniswap’s price is currently 28.43% above its 200-day simple moving average (SMA) of $5.28, reflecting strong performance. Over the past year, UNI has risen by 61% and outperformed 50% of the top 100 crypto assets. With 16 green days in the last 30 days, it has shown steady momentum, suggesting growing confidence among traders. However, regulatory developments and broader market conditions will likely play a key role in determining whether Uniswap can maintain this upward trajectory.

3. ORDI (ORDI)

The current price of ORDI (ORDI) is $30.72, reflecting a 3.59% increase over the past 24 hours. Over the past year, ORDI has surged 879%, outperforming 96% of the top 100 cryptocurrencies. Notably, it has outpaced both Bitcoin and Ethereum during this period.

ORDI is also trading above its 200-day simple moving average (SMA), currently sitting 126.78% higher than the SMA value of $13.55. This indicates a positive long-term trend, supported by high liquidity relative to its market capitalization.

ORDI Price Chart

Projections suggest ORDI’s price projections could rise by 226.90%, potentially reaching $100.91 by October 12, 2024. In the near term, price forecasts for the next few days show moderate growth, with an estimated value of $45.78 by September 19, 2024, representing a 48.31% gain from the current price.

Overall, the sentiment around ORDI appears neutral, with 17 technical indicators signaling bullish momentum. Based on recent trends, these projections provide a cautiously optimistic outlook for the cryptocurrency’s short-term performance.

4. Flow (FLOW)

Flow (FLOW) is priced at $0.554931, marking a 4.16% rise in the past 24 hours. Over the past year, its value has grown by 34%, indicating a steady upward trend. In the last 30 days, the coin recorded 17 days (57%) where the closing price was higher than the opening, suggesting positive momentum.

FLOW Price Chart

The asset shows strong liquidity relative to its market cap, making it easier to buy and sell without significantly affecting its price. Flow’s price forecast anticipates a 228.24% increase, potentially reaching $1.812543 by October 12, 2024. 

Despite these optimistic projections, the sentiment around Flow remains neutral, supported by 15 technical indicators signaling bullish trends. The Fear & Greed Index sits at 31, indicating caution among investors. Additionally, Flow has experienced relatively low volatility, with a 4.34% fluctuation in the past month. Given this data, some may view it as a good investment opportunity, though it is essential to consider market sentiment and personal risk tolerance.

5. ⁠BNB (BNB)

Binance Coin (BNB) has experienced steady growth, marking its fifth consecutive day of rising prices. It reached an intraday peak of $545, the highest since August 27, and 15% above its lowest point this month. This represents a notable recovery of over 36% from August’s lows, in line with the broader crypto market, including coins like Sui (SUI), Popcat (POPCAT), and BinaryX (BNX), which also saw gains.

BNB Price Chart

The increase in BNB’s price appears linked to on-chain metrics. Data shows active addresses rose 4% in the last 24 hours to 925,700. Meanwhile, the total number of transactions increased by 15% to 4.2 million, the highest in nearly a month. 

However, a longer-term view reveals a different picture. Active addresses have significantly declined, down over 75% from a peak of 3.58 million in December. Similarly, transactions peaked at 4.8 million in August but have since dropped by over 75%. Additionally, BNB Smart Chain’s fees have been trending downward, from $1.5 million in April to $372,000.

6. Crypto All Stars (STARS)

Crypto All Stars introduces a unified staking platform for meme coin holders, allowing them to earn passive rewards. To access the platform, users need to hold the $STARS token, which brings utility to the token—a feature often missing in many meme coins. Additionally, the more $STARS tokens a holder owns, the higher the rewards they can earn.

The platform supports staking for popular meme tokens such as Dogecoin, Shiba Inu, Pepe, Floki, and Bonk and plans to add more coins as the industry evolves. This flexibility positions Crypto All Stars to attract meme coin enthusiasts and create long-term demand for the $STARS token.

STARS Tweet

Investors in the presale phase are also eligible to stake their $STARS tokens, currently offering a high annual percentage yield (APY) of 1,212%. However, as more participants join, the APY is expected to decline. So far, the presale has raised $1.2 million, with the current price of $0.0014362. As the presale progresses, prices are set to increase, with the next rise scheduled in two days.

The platform aims to appeal to meme coin investors by providing a means to explore profit opportunities across various projects. To enhance its credibility, Crypto All Stars has undergone audits by two independent firms, SolidProof and Coinsult, assuring potential investors of its security.

Increased visibility has also come through endorsements from influencers. This includes support from YouTuber Jacob Bury and crypto analyst ClayBro, who has encouraged the Shiba Inu community to engage with the platform. 

Visit Crypto All Stars Presale

Learn More

Most Searched Crypto Launch – Pepe Unchained

Pepe UnchainedPepe Unchained
  • Layer 2 Meme Coin Ecosystem
  • Featured in Cointelegraph
  • SolidProof & Coinsult Audited
  • Staking Rewards – pepeunchained.com
  • $10+ Million Raised at ICO – Ends Soon

Pepe UnchainedPepe Unchained


Join Our Telegram channel to stay up to date on breaking news coverage


Credit: Source link

Comments are closed.