Top Cryptocurrencies to Invest in Now October 17 – FLOKI, Helium, Cronos

Growing signals suggest that Bitcoin (BTC) could soon reach $70,000, supported by technical market data and prediction markets. Inflows into U.S. Bitcoin ETFs remain strong, with a significant $458.5 million recorded during Wednesday’s trading session. After a relatively quiet period since May, demand for Bitcoin is picking up again. 

Last week, it saw a monthly growth of 177,000 BTC, which was followed by a 5% price increase. As this trend develops, Bitcoin’s price movement may influence the broader market, leading altcoins to see gains as well. Investors are increasingly focused on identifying the top cryptocurrencies to invest in now. This trend highlights potential opportunities in the market as attention shifts toward promising altcoins for investment.

Top Cryptocurrencies to Invest in Now

The Sui token has recently gained attention following several important updates in its ecosystem. Meanwhile, Crypto All Stars is drawing interest in its Initial Coin Offering (ICO), with nearly $2.4 million raised so far. Additionally, Helium has formed a partnership with the Telecom Infra Project (TIP) to enhance telecom infrastructure using open-source solutions.

1. Sui (SUI)

The Sui token has recently garnered significant attention due to several key developments within its ecosystem. Its growth and community engagement have been notable, reflecting increased interest from investors and developers. One of the major highlights is Sui’s recent partnership with Scallop, aimed at accelerating the growth of decentralized finance (DeFi) within the Sui ecosystem.

This collaboration strengthens Scallop’s role as a prominent DeFi protocol on the Sui network. The Sui Foundation’s strategic investment is expected to fast-track Scallop’s rollout of new features, improving the overall DeFi experience for users. This move highlights both entities’ commitment to innovation in the DeFi sector, signaling potential advancements in user accessibility and functionality.

This development comes when Sui’s total value locked (TVL) in DeFi protocols has exceeded $1 billion, making it an opportune moment for additional stablecoin liquidity. USDC’s presence could further catalyze Sui’s growth, reinforcing its role in decentralized finance and the broader Web3 environment.

ICYMI: $USDC has arrived on Sui!

⭐ Read all about this milestone partnership with @circle and what this new stablecoin is all about.

😎 We can’t wait to see the even brighter future $USDC unlocks for DeFi, gaming, commerce, and more.https://t.co/KvHPQeCLaA

— Sui (@SuiNetwork) October 11, 2024

Meanwhile, Sui has distinguished itself as a rising player in the Layer-1 blockchain space. Despite the general market volatility, SUI has posted an impressive 9.49% increase over the past week and a substantial 70.62% rise over the last 30 days. As it continues to expand its ecosystem and enhance user experiences, its potential to shape the future of decentralized networks appears significant.

2. FLOKI (FLOKI)

FLOKI has been experiencing notable price movements in the crypto market recently. Over the past week, its value rose by 5.19%, while over the last month, it saw an increase of 16.73%. Even in the longer term, FLOKI has maintained slight gains, showing a 0.31% growth over the past six months. 

At the time of writing, the coin trades within a range of $0.0001396 to $0.0001539. This upward movement suggests increased attention from traders and investors. From a technical perspective, the indicators provide a mixed view of the token’s status. 

The Relative Strength Index (RSI) stands at 49.92, which suggests a neutral market sentiment—neither overbought nor oversold. Meanwhile, the Simple Moving Average (SMA) is considerably higher than the 200-day SMA, at 423.54%. This metric, with the 200-day SMA currently at $0.00002696, suggests a long-term bullish trend.

Despite these positive signs, FLOKI has faced short-term volatility. As of the latest data, it trades around $0.0001406, having seen a 6.31% decline in the past 24 hours. This dip highlights the potential for short-term fluctuations, even within an overall bullish trend. 

3. Helium (HNT)

Helium (HNT) is a blockchain-based network that provides wireless coverage for Internet of Things (IoT) devices. It stands out by allowing individuals and businesses to contribute to the network by setting up Hotspots, small devices that create wireless coverage. These users, in turn, receive cryptocurrency rewards for their participation. 

Recently, Helium partnered with the Telecom Infra Project (TIP), which focuses on improving telecom infrastructure through open-source solutions. This partnership has significantly boosted Helium’s growth. By integrating TIP’s OpenWiFi platform, the network added 16,000 OpenWiFi-based radios within a year, showing how quickly the project can scale.

Recently, the Telecom Infra Project (TIP), a global initiative to improve telecom infrastructure through open-source solutions, partnered with the Helium Network. By integrating TIP’s OpenWiFi platform, Helium has rapidly scaled, adding 16,000 OpenWiFi-based radios in under a… pic.twitter.com/BGVX6uSvV6

— Helium🎈 (@helium) October 10, 2024

In terms of performance, Helium’s price currently sits at $6.04, with a 24-hour trading volume of $19.66 million and a market capitalization of $1.03 billion. The token’s price has increased by 1.89% in the last 24 hours. Helium is trading 167.64% above its 200-day simple moving average, which signals a strong upward trend in recent months.

Furthermore, Helium’s price is predicted to rise by 24.66% to around $7.56 by November, according to market forecasts. While this indicates continued growth, it’s worth noting that cryptocurrency markets can be volatile, and future performance will depend on broader market conditions.

4. Crypto All Stars (STARS)

Crypto All Stars is attracting interest during its Initial Coin Offering (ICO), nearing $2.4 million in raised funds. The project offers a unique approach compared to traditional meme coins, mainly through its MemeVaults protocol. This feature allows users to stake various meme coins and receive rewards in STARS tokens, providing an alternative to simply holding assets and waiting for price changes.

One of the primary goals of Crypto All Stars is to consolidate different meme coin projects on a single platform. Unlike most meme coins, which usually operate independently, Crypto All Stars aims to bring together various meme coin mascots, creating a larger ecosystem. This approach differentiates it from the typical standalone token structure seen in the meme coin space.

The STARS token is central to this system, currently priced at $0.0015067 during the ICO. It is essential to the platform’s staking mechanism, and early investors are paying close attention, anticipating potential price increases as the presale progresses. This, combined with growing social media traction, has positioned Crypto All Stars as one of the top cryptocurrencies to invest in now within the meme coin niche.

Visit Crypto All Stars Presale

5. Cronos (CRO)

Cronos (CRO) is gaining traction, driven by the expanding Cronos Chain ecosystem and increased integration within Crypto.com’s services. The platform primarily focuses on supporting payments, trading, and financial services within Crypto.com. By enhancing its utility, Cronos aims to offer a more seamless blockchain experience for its users.

A notable feature is its cross-chain interoperability, allowing developers to create decentralized applications (dApps) that operate across different blockchain networks. As of now, the CRO token is trading at $0.07768, reflecting a 2.95% rise over the past week, according to CoinMarketCap. The token has experienced 15 green days over the last 30 days, indicating steady, albeit moderate, growth.

Sentio, a developer platform to create your own custom blockchain indexer and query blockchain data, now supports both Cronos zkEVM and Cronos EVM !
A developer workshop will be streamed soon. https://t.co/Gyy0bmqRwy

— Cronos (@cronos_chain) October 14, 2024

Furthermore, Crypto.com’s continued integration of CRO into its platform could potentially boost demand, influencing its value as the year progresses. However, how this will impact long-term adoption and price stability remains to be seen.

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