Best Cryptocurrencies to Invest in Right Now July 7 – Chiliz, Internet Computer, Pyth Network

This article aims to provide insights into current market dynamics and highlight tokens showing promising potential for those looking to capitalize on market movements effectively.

Last week, the crypto market experienced a downturn as Bitcoin fell below the barrier of $60,000. Ethereum also mirrored this trend, dropping below $3,000. This affected many top cryptocurrencies and heightened losses among altcoins. Despite this, select altcoins present potential buying opportunities.

These altcoins show growth potential, making them worth considering for investors’ portfolios. This article analyzes the best cryptocurrencies to invest in right now.

Best Cryptocurrencies to Invest in Right Now 

Chiliz recently partnered with PUML Better Health to introduce a “Move to Earn” model. This initiative encourages sports fans to engage in physical activity while participating in Chiliz’s digital ecosystem. Meanwhile, Pepe Unchained has raised over $2.5 million in its presale, demonstrating substantial interest in the project. 

In another significant development, Pyth Network has formed a strategic partnership with AMINA Bank to improve data accuracy for the decentralized finance (DeFi) community. 

1. Chiliz (CHZ)

Chiliz enables fans to participate in the governance of their favorite sports teams. Fans can buy various fan tokens, which connect them more closely with their clubs and create new revenue streams for sports organizations.

The platform has formed partnerships with major sports teams. It also collaborates with the UFC and gaming organizations. By purchasing CHZ, fans gain access to fan tokens, allowing them to have a stake in their clubs.

Recently, Chiliz announced a partnership with PUML Better Health, an Australian platform that gamifies health and wellness activities. This integration introduces a “Move to Earn” model, encouraging sports fans to engage in physical activity while participating in the digital ecosystem of Chiliz.

This collaboration merges physical activity with blockchain rewards, redefining fan engagement in the sports industry. Fans can connect their wearable devices to the PUML Better Health app and earn PUML coins by completing daily fitness challenges. These challenges include step count targets and team activities, with extra rewards for maintaining a balance of 100 CHZ in their PUML wallet. 

The first Move to Earn platform on Chiliz Chain 🏃

Chiliz integrates with @pumlhealthio to deliver gamified health, wellness, and Move to Earn for sports fans 👟https://t.co/Zz58quFMoJ

— Chiliz – The Sports Blockchain ⚽🏆 (@Chiliz) July 5, 2024

Moreover, this partnership coincides with a recent surge in the CHZ token’s price, currently at $0.06679, with an intraday surge of 3.22%. The token’s 14-day Relative Strength Index (RSI) is 44.01, indicating a neutral market that may remain stable. Additionally, the CHZ token boasts high liquidity based on its market capitalization.

2. Internet Computer (ICP)

The Internet Computer blockchain leverages advanced cryptography to pioneer the concept of a “World Computer” blockchain. This allows the creation of various online systems and services without relying on traditional IT infrastructure such as cloud computing. This innovation aims to achieve comprehensive end-to-end decentralization.

Furthermore, ICP trades at $7.11 at the time of writing, experiencing an intraday increase of 0.90%. This performance is favorable when compared to its initial token sale price. The token also exhibits high liquidity relative to its market capitalization. 

The 14-day Relative Strength Index (RSI) is at 37.51, suggesting that the token is neutral and may continue to trade sideways. Despite a higher volatility of 15%, ICP’s significant annual growth and strong market position make it one of the best cryptocurrencies to invest in right now. 

Partnership Announcement with @UNDPtech!

Universal Trusted Credentials (UTC) launched in collaboration with @MAS_sg will leverage #ICP to enhance digital credential security to foster digital trust and financial inclusion for MSMEs globally 🌐 https://t.co/OdYMhsF1rh

— DFINITY (@dfinity) July 3, 2024

Meanwhile, ICP recently collaborated with the United Nations Development Programme (UNDP) and the DFINITY Foundation to improve financial access for Micro, Small, and Medium Enterprises (MSMEs) worldwide through the Universal Trusted Credentials (UTC) initiative. This collaboration focuses on enhancing domestic access to financing for MSMEs and unlocking trade financing across participating countries by fostering cross-border trust in data.

3. Pepe Unchained (PEPU)

Pepe Unchained has raised over $2.5 million in its presale within 22 days, demonstrating significant interest in the project. This early success indicates strong investor confidence and the potential for substantial returns. 

The project combines Layer 2 blockchain technology with the popular Pepe meme, aiming to innovate within the meme coin market. By integrating these elements, Pepe Unchained seeks to provide a smooth trading experience, cutting down transaction costs and delays. This focus on efficiency may appeal to meme coin traders.

Built on the Ethereum Network, PEPU leverages Layer 2 technology to facilitate faster and cheaper transactions. This makes it the first Pepe-themed token on this particular blockchain layer. The project also offers a staking option, allowing early investors to earn a high Annual Percentage Yield (APY) of 735%. 

We’ve raised $2.5M!

Pepe’s blockchain journey is unstoppable. Thank you for the amazing support! 🐸🎉 pic.twitter.com/3tKEG3QsSu

— Pepe Unchained (@pepe_unchained) July 6, 2024

This staking feature could attract investors looking for substantial passive income opportunities. Moreover, Pepe Unchained‘s approach aims to stand out in the crowded meme coin space. Its emphasis on reducing transaction costs and offering high staking rewards could make it one of the best cryptocurrencies to invest in this niche market.

Visit Pepe Unchained Presale

4. MANTRA (OM)

MANTRA has announced a strategic partnership with MAG, a leading UAE developer with a real estate portfolio exceeding $5 billion. This collaboration aims to transform real estate investment using blockchain technology to make premium Dubai properties more accessible.

Moreover, MANTRA’s blockchain infrastructure will provide a secure and transparent platform for property tokenization, while MAG will contribute its extensive portfolio and expertise in the UAE real estate market. This partnership marks a significant advancement for both organizations. 

The initial focus of this alliance is on Keturah Reserve, a luxury residential development in Dubai’s Meydan district. Through a secure vault product, investors will access this alternative asset class, thus benefiting from an attractive yield backed by blockchain technology. This collaboration offers new opportunities for financing real estate projects and allows investors to leverage the advantages of digital tokenization.

🔥 UAE Real Estate Giant #MAG Partners with #MANTRA to Tokenize $500 Million in Real Estate Assets

✅ MANTRA and MAG will collaborate to democratize access to luxury UAE real estate using secure, yield-bearing vault products backed by MANTRA’s L1 technology.

This collaboration… pic.twitter.com/eVrwOUUa9H

— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 3, 2024

Following the announcement, the OM token experienced a significant rise and continues to surge. It trades near $0.80 and could reach a new all-time high if the bullish trend persists. According to CoinMarketCap, MANTRA is trading at $0.8839, with an intraday increase of 3.41% and a weekly gain of 15.29%.

5. Pyth Network (PYTH)

Pyth Network aims to bridge traditional financial markets and blockchain technology by delivering real-time, high-quality market data. This data is crucial for decentralized applications (dApps) across multiple blockchains, enhancing the reliability and functionality of smart contracts in various financial sectors.

Recently, Pyth Network formed a strategic partnership with AMINA Bank. This collaboration focuses on improving data accuracy for the decentralized finance (DeFi) community. 

AMINA Bank will provide Pyth Network with real-time digital asset prices, enhancing the precision and efficiency of financial services within the DeFi space. By integrating its resources with Pyth Network, AMINA Bank aims to enhance the network’s data offerings. 

This partnership marks a significant step towards merging traditional banking with emerging Web3 applications. It is expected to make financial services more accessible and reliable for users across different sectors, thereby improving user experience and financial engagement.

The Pyth ecosystem welcomes @AMINABankGlobal, a licensed Swiss bank and pioneer in finance, as a new data provider 🔮

AMINA Bank’s expertise in digital assets enhances Price Feeds’ reliability and offering, supporting our mission to deliver real-time asset prices to Web3… pic.twitter.com/54hewk7JJl

— Pyth Network 🔮 (@PythNetwork) July 5, 2024

Moreover, The PYTH token is trading at $0.2837 at press time, experiencing a 1.76% surge in the past day. Its  14-day Relative Strength Index (RSI) is 51.94, indicating a neutral position with potential sideways trading. 

The token’s 30-day volatility is relatively low at 14%, well below the 30% threshold, suggesting stable price movements. The token exhibits high liquidity, demonstrated by a volume-to-market cap ratio of 0.0884. The market cap is $1.02 billion, with a 24-hour trading volume of $56 million.

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