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Top Crypto to Invest in Right Now September 21 – Neo, Bittensor, Theta Network

Top Crypto to Invest in Right Now September 21 – Neo, Bittensor, Theta Network

InsidebitcoinInsidebitcoin2024/09/21 23:07
By:Insidebitcoin

The cryptocurrency market has experienced a bullish trend over the past 48 hours. This surge follows the U.S. Federal Reserve’s decision to cut interest rates by 50 basis points, creating an optimistic environment in the financial sector. The rate cut has led to a significant rally in crypto, driving higher prices.

Bitcoin (BTC) rose 3.07% within the last 24 hours, nearing the $64,000 mark. This upward movement in Bitcoin has also positively affected several altcoins. As a result, many investors are now exploring potential opportunities within the market and looking for top crypto to invest in right now .

Top Crypto to Invest in Right Now

Theta Network has experienced a rise in trading activity, with its 24-hour trading volume hitting $22 million, indicating a surge in investor interest. Meanwhile, Bittensor has gained attention due to increasing enthusiasm for AI technologies, positioning it as a potential contender for long-term growth. Monero has also shown promising growth, with its price climbing by more than 25.54% over the past six months.

1. Monero (XMR)

Monero (XMR) is a cryptocurrency designed to enhance privacy. It appeals to users who prioritize anonymity in their transactions. One of its core objectives is achieving a high level of decentralization, ensuring that users don’t have to rely on or trust other participants in the network.

From an investment perspective, Monero has demonstrated growth potential. Over the past six months, Monero’s price has increased by over 25.54%. If this trend continues, it may reach the second resistance level at $184.96, suggesting further upward movement.

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Meanwhile, Monero’s current price prediction sentiment leans bullish. The Fear & Greed Index, which measures overall market sentiment, stands at 54, indicating neutrality. Over the past year, Monero’s price has grown by 20%. 

It also trades above the 200-day simple moving average, a key technical indicator often used to assess long-term market trends. In the last 30 days, XMR has had 19 green days, representing about 63% of the period. Its market cap reflects high liquidity, which can benefit investors looking for smooth entry and exit points.

Additionally, Monero is actively traded on platforms like KuCoin and has a yearly inflation rate of 0.61%, which may influence supply dynamics over time. Monero’s focus on privacy and decentralization and recent market performance make it a noteworthy asset for those considering a privacy-centric cryptocurrency. 

2. Neo (NEO)

Neo continues to maintain its position as a versatile and innovative blockchain platform. Often referred to as the “Ethereum of China,” it provides an open-source and decentralized environment for developers to build various blockchain-based services and products. Neo’s focus extends across decentralized applications, catering to projects ranging from exchanges to digital identity solutions.

The platform features a dual-token system consisting of NEO and GAS. NEO tokens primarily function within the platform’s governance structure, enabling token holders to stake their assets and participate in decision-making processes that shape the network’s future. Conversely, GAS is used to pay for the computational resources required to operate the network efficiently.

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Furthermore, Neo partnered with GoPlus, a Web3 user security platform, to enhance its node security. Neo is the first blockchain to integrate GoPlus’ Security Module at the node level. This collaboration introduces a foundational security layer for all Neo’s new sidechain users.

Through this integration, Neo users gain access to an on-chain firewall service. The GoPlus User Security Module (USM) provides a security layer that automatically screens transactions based on user-defined security strategies. In real-time, it blocks risky transactions, ensuring uninterrupted and secure interactions on the Neo network. 

As of the latest data, the NEO token is trading at $10.36, marking a 1.89% increase in intraday trading. Over the past week, it recorded a 6.76% gain, reflecting a steady upward trend. Additionally, NEO has had 16 green days in the past month, demonstrating a consistent and stable performance. High liquidity further strengthens its position in the market, underscored by its solid market capitalization.

3. Bittensor (TAO)

Bittensor is an open-source protocol that facilitates a decentralized, blockchain-based machine-learning network. The network enables collaborative training of machine learning models. Participants are rewarded in TAO tokens based on the value their contributions provide to the collective. 

Additionally, TAO tokens allow external access to the network, enabling users to gather insights and fine-tune the network to meet their needs. Bittensor has seen notable attention in recent market activity, particularly in the AI token sector. Over the past week, TAO surged by 33.08%.

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However, the token’s momentum slowed slightly, declining by 0.66%. Market sentiment around the token remains bullish, and the Fear & Greed Index indicates a neutral position. TAO’s performance has been strong recently, trading above its 200-day simple moving average. 

Over the last 30 days, TAO has experienced 16 green days, representing a 53% positive performance rate. Additionally, it is currently trading near its cycle high. At press time, TAO is priced at $424, hovering just below its next resistance level of $433.07. Analysts anticipate the price could rise to $494 if TAO breaks through this level, presenting a potential 16% increase from its current value.

The broader market interest in AI technologies has boosted attention on Bittensor, with some viewing it as a candidate for long-term growth. The token’s active trading on Binance adds to its accessibility and market presence, instilling confidence in investors.

4. Theta Network (THETA)

Theta Network is a Layer 1 blockchain designed to provide decentralized infrastructure for video, artificial intelligence (AI), and entertainment-related use cases. Its Web3 infrastructure allows media companies to generate additional revenue, enhance user engagement, and explore new business models within the Web3 space.

At its core, Theta aims to change how video and media content are delivered and consumed. It uses a decentralized network to lower video streaming costs while improving service quality. The Theta Blockchain works alongside the Theta Edge Network to offer a solution that supports video streaming, AI tasks, and other media-related activities. 

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Recently, Theta Network has seen increased trading activity. Its 24-hour trading volume reached $22 million, reflecting growing interest in the token. The token’s price increased by 1.96%, reaching $1.44, while its market capitalization rose to $1.4 billion. This growth highlights Theta’s relevance in decentralized video streaming and media delivery.

Theta’s performance over the past week has been notable, with a gain of 10.66%. This suggests the project’s increasing importance in the blockchain ecosystem. Furthermore, the token’s price is trading 8.30% above its 200-day Simple Moving Average (SMA) of $1.33, indicating a positive trend. Theta also recorded 15 green days in the last 30 days or about 50% of the time.

5. Pepe Unchained (PEPU)

Pepe Unchained recently raised over $14 million during its presale phase, signaling notable interest from investors. This surge in capital followed the Federal Reserve’s unexpected 50 basis point rate cut, which boosted prices across the cryptocurrency market. 

The presale priced the PEPU token at $0.00982, with participation open to users through ETH, USDT, BNB, or traditional payment methods like credit and debit cards. The project’s core objective is to streamline trading processes by minimizing transaction costs and delays, making it more attractive to meme coin traders who prioritize efficiency. 

Built on the Ethereum network, the project utilizes Layer 2 technology to deliver faster and cheaper transactions. This positions Pepe Unchained as the first Pepe-themed token operating on this advanced blockchain layer.

An additional feature of the project is its staking option, offering a competitive Annual Percentage Yield (APY) of 162%. This appeals to investors interested in generating passive income through crypto staking.

As Pepe Unchained progresses toward launching its Layer 2 Mainnet and continues its token raise, the developers aim to offer a platform that stands out through lower transaction fees and high staking returns. These features may attract meme coin traders looking for efficient and potentially high-yield investment opportunities in an increasingly competitive market.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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