Best Cryptocurrencies to Invest in Right Now October 13 – Chiliz, VeChain, GALA

The cryptocurrency market is seeing notable activity as several altcoins show significant gains, suggesting the approach of the anticipated “AltSeason.” Coins like Aptos and Chiliz have recently recorded increases of 6.83% and 20%, respectively. This momentum aligns with the Altcoin Season Index, which is showing an inverse head-and-shoulders pattern—a technical indicator often linked to a potential bullish trend. This pattern signals a possible upswing in altcoin prices, something that has not occurred in over three years.

As this trend unfolds, investors are paying close attention to the best cryptocurrencies to invest in right now. Tracking market indicators and price movements can provide insights into which altcoins might be worth considering for investment in the near future.

Best Cryptocurrencies to Invest in Right Now

CHZ has recently seen a notable price rise of about 20%, driven by various factors. GALA, on the other hand, has grown 57% in value over the past year, reflecting sustained interest and progress. Additionally, Memebet has raised over $452,000, with the MEMEBET token currently valued at $0.0258.

1. Chiliz (CHZ)

Chiliz is the primary digital currency in the sports and entertainment sectors. The token powers the blockchain-based platform Socios, which allows users to engage in the governance of their favorite sports teams and brands through voting and decision-making features.

Recently, CHZ has experienced a significant price increase of around 20%, influenced by several factors. These include strong technical analysis indicators and the announcement of an upcoming airdrop. At present, CHZ is valued at $0.07439, showing a 7.74% increase over the past 24 hours and a 17.40% rise over the past week.

One major driver behind this recent activity is the anticipated $PEPPER token airdrop, which has generated buzz within the Chiliz ecosystem. To qualify for the airdrop, users need to meet certain staking requirements, which has led to an uptick in interest from CHZ holders. This development has likely contributed to the recent upward price movement.

We’re happy to announce The Graph has now integrated Chiliz Chain. 🤝@GraphProtocol functions as a crucial indexing layer for Web3 applications, allowing developers to build and publish open APIs, known as subgraphs, which can be queried using GraphQL.#ChilizChain ⚡ $CHZ pic.twitter.com/RQDXZURXCe

— Chiliz – The Sports Blockchain ⚽🏆 (@Chiliz) October 8, 2024

Other factors also suggest that CHZ may be in a stable position. It has seen 19 positive trading days out of the past 30, indicating a 63% success rate during that period. Additionally, it shows high liquidity relative to its market cap, suggesting ease of trading. The 14-day Relative Strength Index (RSI) is currently 44.01, which signals a neutral position in the market, indicating that the token may continue to trade sideways in the near term. 

2. Memebet (MEMEBET)

Memebet is designed to tap into the growing popularity of both meme coins and play-to-earn gaming. It operates through Telegram, where users can bet on games, slots, and sports events without the need for traditional accounts or identity verification. This makes it easy to get started and offers a more private betting experience. Transactions are fast, thanks to the blockchain technology that powers the platform.

The platform features a play-to-earn airdrop system, which rewards users based on their participation in the games. Moreover, 20% of the total token supply is reserved for airdrops, and 400 million MEMEBET tokens are set aside for future reward rounds. While high-stakes bettors will earn more, casual users will also have chances to receive rewards over time.

Meanwhile, Memebet has raised over $452,000, with the MEMEBET token priced at $0.0258. The presale is nearing a funding milestone, with just two days left before a price increase. 

By using blockchain, the platform ensures efficient transactions without the delays often seen in traditional banking. Users can deposit, wager, and withdraw funds directly through their cryptocurrency wallets, skipping the need for account creation or KYC verification.

Visit Memebet Presale

3. Aptos (APT)

Aptos is a Layer 1 blockchain platform that has recently gained attention in the cryptocurrency market due to a notable surge in its native token, APT. Over the past 24 hours, the token has seen a 6.83% increase in value, reaching a price of $9.85. 

The platform’s market capitalization has exceeded $5 billion, with a daily trading volume of approximately $576 million. This heightened trading activity suggests increased interest from short-term traders.

Moreover, the broader cryptocurrency market, including Bitcoin’s upward momentum, seems to be driving the current bullish sentiment for altcoins like Aptos. The project has been among the top performers recently, which has caught the eye of many investors.

Aptos has experienced 18 positive trading days over the last month, accounting for 60% of the time, which indicates a relatively strong performance. The Fear & Greed Index, which measures market sentiment, is currently neutral at 50. This suggests a balanced outlook, neither overly fearful nor greedy.

Aptos is seeing strong DeFi momentum—with the numbers to back it up:

4x: growth in TVL and users since the start of 2024
14th: highest TVL across all chains
$50M: in net stablecoins bridged to the network

🌐 Makin’ Money MOVES on Aptos 😏 https://t.co/YNYcNEZqZX

— Aptos (@Aptos) October 12, 2024

From a technical analysis perspective, Aptos’ price is currently above both the 50-day and 200-day moving averages. This positioning is often seen as a positive indicator, signaling the potential for further price increases. 

Specifically, Aptos’ movement above the 200-day moving average is considered an important sign of sustained optimism in the market. Furthermore, Coincodex predicts that Aptos could experience a significant price increase in the coming weeks, with forecasts suggesting a rise of 228.89%, potentially reaching $33.12 by November. 

4. Gala (GALA)

Gala provides a platform for developers to create custom tokens, smart contracts, and node networks. Its ecosystem is designed to allow these tokens to be seamlessly transferred across multiple blockchains, such as Ethereum and Binance Smart Chain. This multi-chain compatibility enhances flexibility for developers and users alike. 

Furthermore, Gala’s ecosystem relies on independent node networks, which incentivize community members to participate actively. Recently, Gala has seen a 2.90% price increase over the last 7 days. This rise indicates a growing interest in the ecosystem, which operates on its layer-1 blockchain called GalaChain. 

Over the past year, the price has surged by 57%, suggesting ongoing interest and development in the project. Analyzing Gala’s technical indicators, its 14-day Relative Strength Index (RSI) currently sits at 34.39, placing it in neutral territory. This suggests that Gala may trade sideways in the short term without clear upward or downward momentum. 

However, the token has had 17 green days in the last 30 days, indicating that bullish trends have persisted. With an 8% volatility rate over 30 days and strong liquidity, Gala appears to maintain stability while showing potential for future growth. In addition, Gala’s recent price action and technical indicators reflect a stable project yet positioned for gradual growth. 

5. VeChain (VET)

VeChain focuses on improving supply chain transparency by leveraging blockchain technology. It is widely known for offering enterprise-level solutions that enable the detailed tracking of products. Through the use of unique identifiers (IDs) and sensors, VeChain allows businesses to trace products across the supply chain, helping verify their authenticity and manage issues like recalls. 

The ongoing development of VeChain’s ecosystem continues to increase the utility of its native token, VET. This includes technological upgrades and the formation of new partnerships. Recent improvements to VePassport, a digital identity solution, and the Ex/Economic Node app, which enhances network participation, demonstrate VeChain’s commitment to advancing its infrastructure.

The company has also made strides in securing important patents related to supply chain management and user identity verification. These innovations contribute to a more robust ecosystem, potentially increasing demand for VET. For example, the Moon GM NFT platform, built on VeChain, is undergoing significant upgrades aimed at attracting more users. This could lead to increased VET usage, which in turn may have a positive effect on its price.

VeChain’s ecosystem is further supported by various collaborations. A notable partnership involves SolarShareNFT and International Blockchain Consulting, which are using VeChain technology to drive innovation in decentralized solutions. Such collaborations help expand VeChain’s use cases and reinforce its position within the blockchain industry.

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