Best Cryptocurrencies to Invest in Right Now September 1 – Aptos, Hedera, Injective

With the many tokens on the market, choosing the best cryptocurrencies to invest in right now can be tasking. However, tokens such as Aptos, Hedera, and Injective stand out due to their innovative technologies and unique features. These cryptocurrencies have recently attracted much attention, making them potential investment options. This analysis offers traders useful insights into the growth potential of these tokens, aiding in more informed investment decisions.

Best Cryptocurrencies to Invest in Right Now

Aptos recently revealed a strategic partnership with Nillion, a technology company specializing in privacy-preserving applications. Meanwhile, Injective introduced the Remix Web IDE plugin, a web-based tool that greatly simplifies how developers interact with its network. Additionally, Pyth Network’s collaboration with Sony Block Solution Labs stands out, as it includes the deployment of Pyth Price Feeds on the newly launched Soneium blockchain.

1. Aptos (APT)

Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that introduces a unique smart contract language called Move. Move’s key features include easily verifiable blockchain commands, the ability to modify private keys, and a modular design specific to Aptos.

Furthermore, Aptos envisions a blockchain capable of driving mainstream web3 adoption. It aims to support a diverse, decentralized application ecosystem that addresses real-world challenges. 

Currently, Aptos’s native token is valued at $6.19, experiencing an intraday decline of 6.70%. Despite this recent drop, the token has recorded a modest gain of 0.59% over the past month. Its market cap indicates strong liquidity. 

Moreover, the platform has recently announced a strategic integration with Nillion, a technology focused on privacy-preserving applications. This integration enables Aptos to support applications like confidential decentralized finance (DeFi), private AI assistants, secure social media, and private gaming. 

Meanwhile, the Aptos Foundation partnered with Amnis Finance to launch the Movementum Accelerator, a program designed to boost web3 innovation in the Asia-Pacific (APAC) region. This initiative aims to provide startups with essential resources to foster growth and encourage innovation on the Aptos blockchain. 

These resources include financial backing, expert guidance, and networking opportunities. With these partnerships and recent developments, the Aptos ecosystem is positioning itself as a prominent Layer-1 blockchain and is gaining traction among developers and users. 

2. Hedera (HBAR)

Hedera (HBAR) is attracting attention as it shows signs of a potential breakout, currently trading at $0.04907. Despite a slight dip of 2.53% in the last 24 hours, the technical indicators suggest a possible bullish reversal. The Relative Strength Index (RSI) has moved out of oversold territory, indicating increasing buying pressure. 

HBAR tests key support levels, with resistance seen at the 50-day and 200-day Exponential Moving Averages (EMA). If HBAR closes above these levels, it could indicate a bullish trend, with possible targets around $0.02299 and $0.02475 and a higher target of $0.03967.

Moreover, the Hedera network has also seen a 46% increase in daily transactions in Q2 2024, rising from 90.9 million in Q1 to 132.9 million in Q2, signaling growing network usage. Additionally, there has been a notable increase in the number of users.

Meanwhile, Hedera’s ongoing development efforts, coupled with real-world applications like supply chain tracking and asset tokenization, contribute to its potential for growth. These factors suggest that HBAR could be well-positioned for price appreciation, especially as the market seems to trend upward.

3. Pyth Network (PYTH)

Pyth Network’s recent collaboration with Sony Block Solution Labs marks a notable development with the deployment of Pyth Price Feeds on the newly launched Soneium blockchain. This integration establishes Pyth as the first oracle provider to deliver real-time market data on the Soneium chain, setting a foundation for future projects on this high-performance blockchain.

The introduction of Pyth Price Feeds on Soneium will give developers access to timely, high-quality price data across various asset classes. This data will likely be essential in building decentralized finance protocols, Web3 games, and NFT marketplaces on the Soneium blockchain. Additionally, the integration could facilitate the development of entertainment-related applications, broadening the scope of blockchain technology into new domains.

Moreover, this collaboration highlights Pyth Network’s role as a key infrastructure provider, enabling Soneium developers to create dApps with performance comparable to traditional apps. Sony Group’s involvement is expected to drive further adoption of blockchain technology, leveraging Pyth’s capabilities.

From an ecosystem perspective, this partnership signifies an important step forward for Pyth Network. The PYTH token, despite a recent 2.23% intraday drop, continues to attract attention due to its robust fundamentals and relatively low market cap, currently around $1 billion. 

As the largest first-party oracle network, Pyth delivers real-time market data to over 40 blockchains, offering over 380 low-latency price feeds across various cryptocurrencies. Pyth Network’s integration into the Soneium blockchain reflects its growing utility and potential as the best cryptocurrency to invest in right now.

4. The Meme Games (MGMES)

The Meme Games presale has reached $407,000, with a noticeable rise in demand coinciding with the start of the Paralympic Games. This surge is likely due to the presale ending on the same day as the Paralympic closing ceremony, creating a sense of urgency among potential investors.

According to the project’s website, MGMES will be listed on exchanges on September 10, 2024. The timing of the launch, aligned with the peak attention around the Olympics, appears to be a strategic move to maximize visibility.

The project features the “169-Meter Dash.” Instead of traditional rewards, investors compete for cash bonuses, where each presale investment doubles as a lottery ticket. Participants pick a character from a lineup of well-known memecoins—Dogecoin, Pepe, Brett, Turbo, and Dogwifhat. 

Each character has a 20% chance of winning, and guessing correctly could result in a 25% bonus on the investment. Currently, staking MGMES tokens offers an annual return of 472%, though this rate is subject to change depending on the number of participants. 

This high return allows investors to accumulate tokens before they are traded on exchanges. At press time, MGMES tokens are priced at $0.0094 each, with only four days remaining before the next price increase.

Visit The Meme Games Presale

5. Injective (INJ)

Injective recently introduced the Remix Web IDE plugin, a web-based tool significantly simplifying how developers engage with its network. This platform allows users to build, test, and deploy smart contracts directly from their browser, removing the usual need for software installation. The Remix Web IDE streamlines the development process by eliminating the challenges of downloading, managing dependencies, and configuring workstations.

The entire development pipeline is available online, so developers can start working immediately without technical barriers. This tool is designed to be accessible to experienced developers and newcomers, offering a user-friendly interface for creating decentralized applications (dApps).

The plugin’s ease of use and efficient workflow lower the entry threshold for developers, facilitating quicker idea implementation within the Injective ecosystem. At the same time, Injective’s native token, INJ, has seen a price drop. 

Currently, INJ is trading at approximately $1.86, reflecting a 9.89% decrease in the last 24 hours. However, trading volume has risen by 13.93%, reaching $49 million. Despite the price decline, INJ is still trading above the 200-day simple moving average and shows positive performance compared to its token sale price.

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