Why Cardano/Pyth/Tron are the best cryptocurrencies to buy

Why Cardano/Pyth/Tron are the best cryptocurrencies to buy? As we enter the second half of 2024, the cryptocurrency market presents a complex and ever-changing landscape. While technical analysis suggests there is potential for continued growth, current indicators for market leaders Bitcoin (BTC) and Ethereum (ETH) paint a more cautious outlook.

Bitcoin is currently trading at $60,509, down 3.95% in the past 24 hours, showing a bearish trend and strong resistance. Ethereum has also fallen 4.23% in the past 24 hours, reflecting the bearish sentiment on Bitcoin, according to CryptoNews.

Despite these bearish indicators, experts remain optimistic about the long-term direction of the market. I think Bitcoin’s technical analysis already points to a strong bullish trend overall. BTC is trading above key moving averages, with higher trading volumes during price increases.

This comes as investors are increasingly looking beyond Bitcoin and Ethereum for potential opportunities, seeking alternative cryptocurrencies to profit as these blue-chip assets overcome current challenges.

The following are some of the best cryptocurrencies that are worth buying under current market conditions and have growth potential that the editor of this website will share with you today. Friends who need it can take a look together!

ADA

Cardano ($ADA) is the native cryptocurrency of the Cardano blockchain and probably one of the best cryptocurrencies out there, it is a third generation Proof of Stake (PoS) platform designed to is more efficient and scalable than its predecessor.

Cardano is developed by a team of academics and engineers dedicated to providing a sustainable, scalable and transparent blockchain for running smart contracts and decentralized applications.

$ADA’s utility makes it an attractive investment opportunity. At press time, $ADA was trading at $0.4063, down 2.2% from this morning’s high of $0.4172, according to CoinMarketCap data.

Although ADA USD is up 4.54% over the past 7 days, it is still 86.66% below its all-time high price of $3.10 set in 2021.

Cardano has come a long way and has matured as a blockchain. In Europe, the Cardano Foundation teamed up with the Crypto Carbon Ratings Institute (CCRI) to publish a set of sustainability indicators that comply with EU MiCA rules.

Analyzing its recent performance, data from Coinalyze seems to indicate that Cardano investors are excited. $ADA’s Open Interest (OI), which tells us how many contracts are active in the market, grew by 3.6% in 24 hours.

Another positive aspect of Cardano’s recent price action is the proportion of long positions, with 70% coming from investors while only 30% hold short positions. Investors can learn more about $ADA price action from our Cardano price prediction guide.

Pyth ($PYTH)

Pyth ($PYTH) is the native token of Pyth Network, an oracle solution built on the Solana blockchain. Pyth Network was created within the incubator program operated by Jump Crypto and is designed to be a highly accurate and efficient oracle for feeding cryptocurrency price data into DeFi protocols.

The $PYTH token hit a daily high of $0.3394 and is currently down 4.3% to trade at $0.313. Its market capitalization is $1.13 billion, reflecting growing interest in oracle solutions.

Technical indicators including the 14-day Relative Strength Index (RSI) currently stands at 42.53, above 37.99, indicating a shift in market sentiment from bearish to neutral.

This shows that there is potential for further price increases as the DeFi ecosystem continues to expand and demand for reliable oracle services continues to grow.

Recent developments such as partnerships with major financial data providers and integrations with various DeFi protocols have also enhanced $PYTH’s market value proposition. Therefore, PYTH may be the best cryptocurrency to buy right now.

TRON ($TRX)

Tron ($TRX) は、Tron ネットワークのネイティブ暗号通貨です。Tron は、分散ストレージ技術を使用して無料のグローバル デジタル コンテンツ エンターテイメント システムを構築することを目的とした、ブロックチェーンに基づく分散型プラットフォームです。

Justin Sun によって設立された Tron は、Web3 の主要プレーヤーとしての地位を確立しています。

$TRXは現在0.128ドルで取引されており、過去24時間で価格は0.34%上昇しました。

このコインの価格は、2018年1月に記録した史上最高値の0.3ドルをまだ下回っていますが、24時間の取引高が3億800万ドル、時価総額が111億8000万ドルとなり、市場で強い存在感を示しています。

Tron のエコシステムは、プラットフォーム上にさまざまな dApps、DeFi プロトコル、さらには独自のステーブルコイン USDD を備え、急速に成長しています。したがって、今購入するのに最適な暗号通貨である可能性があります。

コンテンツの作成と配信のためのスケーラブルなブロックチェーン ソリューションに対する需要が高まる中、$TRX は分散型デジタル エンターテイメントの将来を最大限に活用したいと考えている人にとって魅力的な投資オプションとなる可能性があります。

プレセールの可能性を解き放つ

暗号通貨市場は、適切な取引戦略を使用すれば、20 ドルのささやかな投資で最大 1,000 ドルの利益を生み出す可能性のある機会を提供します。歴史的に、アルトコインはこの種のリターンを提供することで人気があり、時には 100 倍を超えます。

しかし、実用性が乏しいため、価格上昇は短期的な傾向があり、持続的な成長を妨げています。

市場には10万以上の暗号資産があるため、最適な投資オプションを決定することは、どのトレーダーにとっても課題となる可能性があります。

The above is the detailed content of Why Cardano/Pyth/Tron are the best cryptocurrencies to buy. For more information, please follow other related articles on the PHP Chinese website!