Best Crypto to Buy Right Now September 24 – Jito, Lido DAO, Polkadot

As the cryptocurrency market faces potential regulatory changes, Bitcoin continues to attract significant institutional interest. Last week, CoinShares reported an inflow of about $321 million into digital asset products, primarily driven by Bitcoin ETFs. The SEC’s recent approval of options trading for BlackRock’s Bitcoin ETF could further boost its appeal, potentially increasing institutional adoption and liquidity. 

Increased participation from institutional investors often leads to improved liquidity, which can, in turn, stimulate the market and potentially drive up prices. This article reviews some of the best crypto to buy right now, examining their unique traits, current trends, and possible impacts on the broader market.

Best Crypto to Buy Right Now

Polkadot recently unveiled “Agile Coretime” as part of its ongoing Polkadot 2.0 upgrade, indicating its commitment to enhancing the network’s functionality. Meanwhile, Memebet has garnered considerable interest during its presale phase, raising over $277,000. Additionally, Jito partnered with Renzo to introduce ezUSDC, a new asset that will enrich Solana’s decentralized finance (DeFi) ecosystem. 

1. Polkadot (DOT)

Polkadot is an open-source protocol designed to enable the connection and interaction of various blockchains. Unlike many other systems, it allows the transfer of tokens and any data or asset across different blockchains. This flexibility promotes interoperability among blockchains, making it a key player in the vision of a decentralized internet, commonly referred to as Web3.

Recently, Polkadot announced the release of “Agile Coretime” as part of its ongoing Polkadot 2.0 upgrade. The announcement, shared via a post on X, brought attention to network resource management improvements. Agile Coretime replaces the previous auction-based system, which relied on two-year leases for allocating block space. 

The new system introduces “cores,” which are virtual units specifically designed to manage transactions and execute smart contracts for parachains. This change aims to simplify how resources are distributed across the Polkadot ecosystem. 

🔥 Scale Smarter with Agile Coretime 🔥

Parachain auctions are a thing of the past!

Developers- access blockspace when you need it, on-demand or in bulk.

Benefits:
🔹 Lower entry barriers  
🔹 Quick proof-of-concepts  
🔹 Reduced costs for blockspace
🔹 Faster time-to-market pic.twitter.com/MHYqlkg1dp

— Polkadot (@Polkadot) September 20, 2024

Following this development, Polkadot’s native token, DOT, saw an 8% increase in price. At the time of writing, DOT is trading at $4.56, reflecting a 4.31% rise in the last 24 hours. 

Moreover, this price shift comes amid positive market indicators and increased liquidity, supported by its presence on major exchanges like Binance. Polkadot’s recent innovations signal its continued push toward a more efficient and interoperable blockchain ecosystem, making it a project to watch as Web3 developments progress.

2. Manta Network (MANTA)

Manta Network is a modular ecosystem designed for the Web3 environment. The platform can process transactions faster than traditional Layer 1 networks while offering lower fees than many Layer 2 solutions. This is made possible by leveraging Celestia’s modular data availability, which helps reduce transaction costs significantly.

Recent market activity indicates a notable increase in buying interest for Manta Network. Analysts observed that the price has recently surged, particularly as traders attempted to push it above Fibonacci channels, a technical analysis tool that indicates potential support and resistance levels. 

Over the past 24 hours, Manta’s price rose to approximately $0.8321, marking a 2.77% increase. The trading volume during this period reached around $19 million, suggesting heightened market engagement.

Technical indicators provide further insights into Manta’s price movements. The 14-day Relative Strength Index (RSI) has risen from lower levels, currently resting around 62, which indicates that bullish sentiment is gaining traction. Meanwhile, the overall market sentiment for Manta Network appears bullish, with the Fear & Greed Index reading at 54, reflecting a neutral stance among investors.

🌊 @MantaNetwork and @Moongate have joined forces to bring you Moon Odyssey!

To celebrate this collaboration, complete our exclusive @Galxe campaign to win a share of 300 USDT and 300 $MANTA prize pool:https://t.co/Bwuv8QcJ3I pic.twitter.com/fsW1szIKXq

— Manta Network (🔱,🔱) Meme-ta Szn (@MantaNetwork) September 20, 2024

Manta Network also shows promising performance metrics. Its current trading price is higher than its token sale price and is approaching a cycle high. Additionally, the project exhibits strong liquidity based on its market capitalization, making it a more stable option for investors.

In a strategic move to enhance its community engagement, Manta Network has partnered with Moongate for a collaborative campaign featuring prize incentives. This initiative may attract more users to the platform, further bolstering its ecosystem.

3.  Memebet (MEMEBET)

Memebet has gained significant attention during its presale phase, raising over $277,000. Memebet allows users to place bets using popular meme coins such as Pepe, Dogewhifhat, Shiba Inu, and Bonk. 

Furthermore, the platform features a Web3 casino designed to cater to a diverse audience. By leveraging blockchain technology, Memebet promises fast transaction speeds, addressing the common delays associated with traditional banking systems. 

Users can engage with the platform through a cryptocurrency wallet, which removes the need for Know Your Customer (KYC) verification or the creation of formal accounts. This feature enhances privacy and simplifies the betting experience, making it more accessible to more participants.

At the time of writing, the MEMEBET token is priced at $0.0253. Participants can use widely recognized meme coins, including SHIB, DOGE, and PEPE, to wager on various games, slots, and sports betting options within the Memebet Casino.

Additionally, the presale is nearing its next funding milestone, with limited time remaining for investors to participate before the token price increases. Memebet positions itself as a forward-thinking betting platform by merging the concepts of meme currencies with a user-friendly and privacy-focused gambling experience.

Visit Memebet Presale

4. Lido DAO (LDO)

Lido DAO has gained significant attention recently as the total value locked (TVL) in decentralized finance protocols has reached a one-month high. As the broader cryptocurrency market shows signs of recovery, the global DeFi TVL now stands at approximately $87.4 billion, according to data from DefiLlama.

Furthermore, Lido DAO stands out among the leading DeFi protocols, having surpassed the $25 billion mark in TVL after experiencing a 14% increase over the past week. This growth reflects a broader bullish trend in the DeFi space, where all top ten protocols have recorded upward momentum.

Currently, LDO’s price is $1.24, reflecting a 9.72% increase over the last 24 hours. The token opened at $1.12 and peaked at $1.25 during this period. Over the past month, Lido DAO has experienced 16 days of positive performance, indicating strong market interest and investor confidence.

The liquidity of Lido DAO is notable, supported by its market capitalization, and it is actively traded on major platforms like Binance. Additionally, Lido DAO’s yearly inflation rate is relatively low at 0.28%, which may contribute to its appeal among investors.

5. Jito (JTO)

Jito has partnered with Renzo to launch ezUSDC, a new asset designed for Solana’s decentralized finance (DeFi) ecosystem. This initiative aims to use USDC as a stable collateral option for staking, which could improve the reliability of Node Consensus Networks (NCNs) on the blockchain. By incorporating a stablecoin like USDC, ezUSDC aims to provide a less volatile alternative to other assets commonly used in DeFi.

This innovation is expected to significantly impact NCNs by offering stronger protection against economic fluctuations. Furthermore, ezUSDC aims to bolster the system’s resilience during market volatility, ensuring that operations remain smooth even in challenging conditions. 

By utilizing USDC for staking, the overall infrastructure is poised to enhance its efficiency and stability, creating a more dependable user environment. The collaboration between Jito and Renzo represents a strategic step toward a more secure financial landscape within decentralized finance. 

1. Exciting news! @RenzoProtocol is launching ezUSDC on the Jito (Re)staking platform, enabling $USDC restaking on @Solana! This empowers stakers with stable collateral, NCNs with USDC emissions, and DeFi platforms with a new restaked asset. 🚀

Here’s the TLDR 👇 pic.twitter.com/LRF0MDkzoV

— Jito (@jito_sol) September 20, 2024

This integration may open new avenues for users on the platform, facilitating safer transactions and operations. In response to the announcement, Jito’s market performance reflects positive sentiment. 

Its recent increase of 6.33% brought its trading price to $2.36. The asset has shown high liquidity, supported by its market capitalization, indicating a solid interest and confidence in the project.

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