Best Cryptocurrencies to Invest in Right Now May 19: Injective, Bitcoin Cash, Uniswap

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Investors are constantly looking for best coins to buy daily. This article looks at the top cryptocurrencies to invest in now and highlights why they are attracting attention.

As the cryptocurrency market faces a downward trend, altcoins such as bitcoin Cash and Injective have been performing well over the past day and week. As a result, investors are starting to consider these coins for their portfolios. This article looks at the top cryptocurrencies for potential investments, highlighting those that are poised for substantial growth and exploring the factors driving their potential rise.

The best cryptocurrencies to invest in right now

Injective launched a Layer-3 chain on Arbitrum to improve its infrastructure and support collusion within the blockchain ecosystem. Meanwhile, BCH is valued at $489.22, reflecting an increase of 0.19% in the last 24 hours. In addition, DICE has been successful in its pre-sale, having accumulated an impressive figure of 1.06 million dollars.

1. Injective (INJ)

Recently, Injective launched a Layer-3 chain on Arbitrum to improve its infrastructure and interoperability. This Layer 3 development, featuring the inEVM network, allows developers to create customizable chains using Arbitrum's Orbit toolkit. The integration supports connections between ethereum, Solana, and Cosmos, making Injective more versatile for developers.

Additionally, the new Layer-3 chain offers high speed and low fees, attracting more projects and users. Furthermore, it aims to reduce the circulating supply of the INJ token by burning a percentage of the protocol's fees on a weekly basis, which could increase the price of the token as the supply decreases.

However, the INJ token is currently experiencing a bearish phase, with constant downward movements in the past few trading sessions. The token struggles to maintain its position above the critical moving average levels. However, the 24-hour and 7-day charts show upward trends, with increases of 0.38% and 4.93% respectively.

.twitter.com/BandProtocol?ref_src=twsrc%5Etfw”>@BandProtocol Injective in EVM https://t.co/l9Hbxe4xUO

– Injective (@injective) twitter.com/injective/status/1791430606678565167?ref_src=twsrc%5Etfw”>May 17, 2024

INJ is trading 127.12% above the 200-day SMA of $11.02, demonstrating positive performance compared to the selling price of its token. The platform has also partnered with Band Protocol to improve its accessibility. Band Protocol integrates with Injective's inEVM, providing secure and trusted data sources.

This integration allows Band Oracles to provide crucial data for DeFi, derivatives, and other applications directly into inEVM. Band Protocol significantly enhances the capabilities of the Injective ecosystem by delivering accurate and timely data.

2. bitcoin Cash (BCH)

bitcoin Cash has generated optimism as it prepares for a possible rally, fueled by increased investments from large-scale crypto investors. This increase in investment has increased market confidence in the project's prospects. It indicates a positive trajectory and reinforces its status as a relatively stable investment option within the volatile cryptocurrency market.

At the time of writing, BCH is priced at $489.22, reflecting an increase of 0.19% in the last 24 hours. Over the past year, the price has risen 321%, outperforming 79% of the top 100 crypto assets. Notably, it has also outperformed cryptocurrencies such as bitcoin and ethereum.

The current price prediction sentiment for bitcoin Cash is bullish, supported by a Fear & Greed Index reading of 72, indicating a state of “greed” in the market. Furthermore, the token is trading above its 200-day simple moving average.

Additionally, it has experienced 15 green days in the last 30 days, which represents 50% of the period. This suggests strong bullish momentum. The asset also boasts high liquidity relative to its market capitalization, making it an attractive option for investors looking for more stable opportunities in the cryptocurrency space.

Rising large-scale investments, a significant annual price increase, and favorable technical indicators contribute to bitcoin Cash's optimistic outlook. This positions it as a notable competitor in the cryptocurrency market, reflecting its growth potential and current market sentiment.

3. Megadice (DICE)

Mega dice is making significant progress in its crypto casino, driven by the successful launch of its new pre-sale token, DICE. The cryptocurrency has raised an impressive $1.06 million in its pre-sale, a testament to its potential in the market.

twitter.com/search?q=%24DICE&src=ctag&ref_src=twsrc%5Etfw”>$DICE The pre-sale has raised $1 MILLION!

This twitter.com/hashtag/MillionDollarMilestone?src=hash&ref_src=twsrc%5Etfw”>#MillionDollarMilestone brings us closer to revolutionizing GameFi. What comes next?

Next level price: 0.075

Next pre-sale goal: $2 million

We are implementing price increases at multiple levels, so be sure to secure your twitter.com/search?q=%24DICE&src=ctag&ref_src=twsrc%5Etfw”>$DICE… pic.twitter.com/MDfn5lVhju

– Mega Dice Casino (@megadice) twitter.com/megadice/status/1790678140789960797?ref_src=twsrc%5Etfw”>May 15, 2024

Additionally, DICE tokens are priced at $0.075 each. More than 15.4 million tokens have been sold and the project aims to sell 28 million DICE tokens. The platform is running an airdrop program divided into three seasons, each offering participants the opportunity to claim a share of the $750,000 reward pool.

To be eligible, users must wager $5,000 within 21 days. After the first season, participants who hold DICE tokens will receive special rewards. Additionally, Airdrop Season 1 participants will receive their rewards within 72 hours of the May 15 announcement.

Season 2 will begin after pre-sales reach $1 million, achieved yesterday. Mega diceThe addition of its native token and innovative incentives such as the airdrop program reflects its goal to engage users and drive adoption in the crypto gaming sector.

Visit the Mega Dice pre-sale

4. Chain Link (LINK)

Chainlink has seen a notable increase in network activity and price. This bullish trend coincided with a slight drop in bitcoin dominance. As interest in LINK grew, blockchain network activity increased, reaching 5,820 transactions in a single day, approaching its monthly high.

LINK is currently trading at $16.41, with a market cap of over $9.6 billion. Bullish sentiment around LINK, as reported by Santiment, has increased significantly. This sentiment is the highest Chainlink has seen in over a year, suggesting a positive market outlook.

Consequently, LINK price increased by approximately 1.41% in the last 24 hours. Additionally, Chainlink has partnered with major global financial firms to transition capital markets to blockchain and access the tokenized asset economy.

New Smart NAV pilot between DTCC, Chainlink and 10 market participants demonstrates how Chainlink twitter.com/hashtag/CCIP?src=hash&ref_src=twsrc%5Etfw”>#CCIP can serve as an abstraction layer between “DTCC and the potentially infinite number of blockchains we may need to integrate.”

Full report: https://t.co/ob3K0s4NXE pic.twitter.com/Cf2cVoOdZy

– Chain link (@chain link) twitter.com/chainlink/status/1792165053422350655?ref_src=twsrc%5Etfw”>May 19, 2024

The Depository Trust and Clearing Corporation (DTCC) is preparing to launch a pilot program with major US banks to facilitate the tokenization of real assets. Chainlink will act as the blockchain oracle for this process.

DTCC plans to launch its Smart NAV pilot program with US central banks, focusing on tokenization of real assets. Additionally, Chainlink will serve as the blockchain oracle that facilitates this process.

The Smart NAV pilot represents an important step towards the integration of blockchain technology into traditional finance. This initiative reflects the broader trend of increasing blockchain adoption across major financial systems.

5. Uniswap (UNI)

Uniswap price has fluctuated recently, moving between its recent highs and lows. Overall, the token has been trending upward over the past month and significantly more so over the past six months. In recent days, the average price has remained around its current level, while longer-term averages show a steady increase.

By standard measures, UNI is neither overbought nor oversold, indicating a balance between buying and selling pressures. The token is trading above its 200-day simple moving average, indicating a positive long-term trend. In addition, it has high liquidity based on its market capitalization.

Additionally, Uniswap's role as a major decentralized financial (DeFi) exchange, allowing users to trade multiple cryptocurrencies without a central authority, positions it for potential growth tied to the expanding DeFi sector. As interest in DeFi persists, Uniswap may attract more attention, which could lead to greater adoption and value.

You can now transfer cryptocurrencies directly from a CEX to your Uniswap mobile app

No more copy and paste or sending funds to the wrong address

This is how it works pic.twitter.com/UYS24CeFy3

– Uniswap Labs (@Uniswap) twitter.com/Uniswap/status/1791114624567226371?ref_src=twsrc%5Etfw”>May 16, 2024

Analysts predict significant increases in the value of UNI Coin, driven by the efforts of protocol developers and community investors. The maximum price level of UNI Coin is expected to reach $18.62 by the end of the year, reflecting optimism in the future of Uniswap within the DeFi ecosystem.

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