Best Crypto to Buy Now September 20 – VeChain, Altlayer, Quant
A growing number of digital assets are gaining attention as promising investment opportunities, with several altcoins showing significant upward movement today. These cryptocurrencies have seen notable gains due to recent technological advancements, strategic alliances, and evolving market conditions, drawing the interest of market participants looking to capitalize on potential growth.
This Analysis highlights some of the best crypto to buy now that are currently making an impact. It focuses on their distinctive Features, prevailing market trends, and possible influence on the market.
Best Crypto to Buy Now
Wormhole has launched its Era3 upgrade, introducing a range of enhancements. Meanwhile, the recent rise in QNT’s price is linked to increased interest from large investors who have purchased the token during market downturns. Furthermore, the Memebet presale has gained traction, raising over $253,000.
1. VeChain (VET)
VeChain is an enterprise-level blockchain platform that solves real-world problems using smart contracts. It combines Internet of Things (IoT) technologies and NFC chips to help businesses manage data challenges. VeChain’s system is built to work across various industries, addressing issues traditional systems may not efficiently solve.
The platform Features a two-token model, which aims to simplify blockchain adoption. The platform uses VET and VTHO. VET acts as a store of value, while VTHO covers transaction fees.
By separating these functions, VeChain keeps costs low and stable, which is important for companies looking to integrate blockchain technology into their operations. Furthermore, VeChain is focusing on sustainability through its VeBetterDAO platform.
It works with Boston Consulting Group to promote eco-friendly practices and the adoption of blockchain by businesses and individuals. The platform encourages users to participate in sustainability efforts by offering incentives, aiming to onboard more users to Web3 over time.
VeChain isn't just EVM-compatible, it's EVM-evolved!
We bring devs the tools they know and love—now with enterprise-grade scalability and sustainability. Plus, our recent Account Abstraction upgrade unlocks true cross-chain asset interoperability.
The future of blockchain is… pic.twitter.com/vMOeDu0Rtv
— VeChain (@vechainofficial) September 19, 2024
In terms of market performance, VeChain’s token, VET, is currently priced at $0.0239. It has increased by 6.70% in the last 24 hours and 8.63% over the past week. Over the past year, the token has surged by 39%.
Meanwhile, the token has registered 15 green days in the past 30 days. It further boasts high liquidity relative to its market cap and is traded on exchanges like KuCoin, including pairs with the US Dollar.
2. Wormhole (W)
Wormhole is a platform that connects multiple blockchains, allowing assets and data to move between them. It supports developers by giving them access to liquidity and users across 30+ networks, enabling a range of uses, such as DeFi, NFTs, and governance. The platform started as a bridge between Ethereum and Solana and later introduced a general message-passing protocol that allowed secure transfers and messaging across more than 30 blockchains.
Furthermore, Wormhole recently introduced its Era3 upgrade, which brings several improvements. The upgrade adds Features like intents-based transfers, native-to-native swaps, and faster transactions, particularly for slower blockchains like Ethereum. These changes aim to improve the user experience and smoother cross-chain interactions.
Google Cloud 🤝 Wormhole@GoogleCloud is joining the Guardian Network, Wormhole's security system, to validate cross-chain messages and enhance decentralization.
Google Cloud will also accelerate ZK research and support ecosystem growth.
Read more below ⤵️ pic.twitter.com/yVaC1CyjAl
— Wormhole (@wormhole) September 18, 2024
In addition, the platform has partnered with Securitize to enable cross-chain Features for tokenized assets, adapting its protocol to meet regulatory needs. Another partnership with Google Cloud aims to enhance security and reduce downtime by improving the network’s infrastructure for handling cross-chain transactions.
These developments have positively affected Wormhole making it the best crypto to buy now. Moreover, W is currently trading at $0.2428, with an intraday rise of 4.65%. Market sentiment suggests the token may continue to grow, and analysts predict a potential price increase of 228.20% by October, reaching $0.805273.
3. Altlayer (ALT)
AltLayer is an open and decentralized protocol focused on improving the infrastructure for rollups, which are solutions designed to scale blockchain networks. The platform introduced the “Restaked Rollups,” a concept aimed at boosting rollups’ security, decentralization, and interoperability from different blockchain ecosystems. The protocol achieves this by utilizing a restaking mechanism, allowing faster transaction finality and stronger crypto-economic security.
The platform has successfully raised $22.8 million across two rounds of private token sales. During these sales, 18.50% of the total supply of ALT tokens was sold at prices of $0.008 and $0.018 per token.
Per market performance, the price of ALT is $0.109, reflecting a 5.05% increase over the past 24 hours. The market cap has similarly grown by 5.05%, now at $243 million. Moreover, market sentiment surrounding ALT is generally bullish. Nevertheless, the Fear & Greed Index for the token remains neutral at 54.
Meanwhile, ALT has experienced 15 positive trading days over the last 30 days, representing 50% of that period. The token also benefits from high liquidity relative to its market cap and is available for trading on Binance.
Analysts offer a range of predictions for ALT’s price movement. If AltLayer secures new partnerships with other networks, the price could potentially surpass $1.52 by the end of the year. In a sustained bullish market, the average price of ALT may settle around $0.857. However, in a bearish market, the price could fall to as low as $0.08.
4. Quant (QNT)
Quant has seen a 3% increase over the past day, positioning it as the market’s top gainer. According to CoinMarketCap data, Quant was trading at $76.04 at the time of writing.
Furthermore, Quant’s primary focus is to enable interoperability between different blockchain networks. By facilitating seamless interactions, it allows developers to create decentralized multi-chain applications. This feature is critical in promoting a more interconnected digital ecosystem.
The recent price increase can be attributed to the heightened activity from large investors who have accumulated the token during market dips. According to FishTheWhales, whale transactions have increased, signaling growing confidence in the asset.
Further data from Into The Block shows a significant rise in net flow from large holders possessing at least 0.1% of QNT’s supply. Between early and mid-September, this figure shifted from a negative net flow of -3.1k QNT to a positive 7.42k QNT. Additionally, the number of addresses holding QNT for over a year has grown by 37.2%, surpassing 102,900.
This increase in long-term holding is reflected in a sharp rise in open interest, which refers to the total number of active derivative contracts. Data from Coinglass reveals that open interest surged by 87.4% in the first half of September, growing from $6.47 million to $12.13 million. This trend suggests a growing interest in QNT from short-term and long-term investors.
5. Memebet (MEMEBET)
The Memebet presale has attracted significant attention, raising over $253,000 as of the time of writing. This token is central to a new betting platform that operates through Telegram. What sets it apart is the integration of meme coins for placing bets, combining traditional sports betting with the growing trend of meme cryptocurrencies.
The platform’s Web3 casino targets a diverse audience, including meme coin investors, users of Telegram trading bots, and gambling fans. The platform allows deposits and withdrawals in popular meme coins such as Pepe, Dogewhifhat, Shiba Inu, and Bonk. Blockchain technology underpins the platform, ensuring fast transactions without the delays often seen in traditional banking.
Users only need a crypto wallet to participate, as the platform does not require KYC verification or account creation. This approach offers a more private and streamlined betting experience. The MEMEBET token is currently priced at $0.0252, and early investors gain immediate access to their tokens.
The presale is approaching its next funding stage, with only two days left for investors to join before the price increases. In addition, Memebet offers airdrop incentives, with 400 million MEMEBET tokens reserved for users who wager on the platform. While high-stakes players stand to benefit the most from these airdrops, regular players will also be eligible for rewards in future rounds.
Visit Memebet Presale
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- Top Cryptocurrencies to Invest in Today
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