Last month, BharatBox, a collaboration between The Sandbox and the Brinc accelerator, launched its inaugural avatar collection. Arbitrum (ARB) has recently seen a significant rise in market activity, signaling a potential rally after several weeks of trading within a downward trend.
Pepe (PEPE), a popular meme coin in the cryptocurrency realm, experienced a decline of about 3% in the past 24 hours, despite a whale’s large acquisition of 160.4 billion PEPE tokens, valued at approximately $1.31 million. Typically, such significant purchases lead to an increase in the coin's price, leaving some investors anticipating a similar outcome.
Meanwhile, macroeconomic policies in the U.S. and Japan have spurred a bullish trend in Bitcoin. The cryptocurrency's price surged this week following interest rate decisions by the Federal Reserve and the Bank of Japan. Since the U.S. Federal Reserve decided to lower interest rates, Bitcoin has seen an 11% gain, surpassing $62,000 for the first time this month. In the broader crypto market, altcoins are also printing positive price increases. For those looking to capitalize on this optimism, here are the five best altcoins to watch today.
5 Best Altcoins To Watch Today
Last month, BharatBox, a collaboration between The Sandbox and the Brinc accelerator, launched its inaugural avatar collection. Arbitrum (ARB) has recently seen a significant rise in market activity, showing signs of a potential rally after several weeks of trading within a descending channel.
Following its launch, ORDI became the first BRC-20 token to exceed a $1 billion market cap, a noteworthy achievement in decentralized finance (DeFi). Polkadot (DOT) is currently valued at $4.42, showing a 3.20% gain in daily trading. Memebet is drawing attention with its innovative approach that combines online gambling and cryptocurrency. Bitcoin reported a 5.5% increase following a rate cut over the week, while MicroStrategy further expanded its holdings.
1. The Sandbox (SAND)
Last month, BharatBox, a joint venture between The Sandbox and Brinc accelerator, introduced its first avatar collection, inspired by the Bollywood film Jab We Met. The collection, created in collaboration with Shemaroo, the film’s IP owner, features 3,333 Geet avatars, played by Kareena Kapoor. Owners of these NFTs can participate in social and gaming quests within The Sandbox, with the chance to win exclusive merchandise.
The Sandbox partnered with SSC Napoli in another development, marking the Italian football club’s entry into the metaverse. This collaboration aims to allow fans to engage with the club, its players, and other supporters through innovative games and experiences.
The @SHIBUYA109NFT Y3K Fashion Collection Allowlist mint is NOW OPEN ⭐️
Mint now and get your avatars first! ? Get this exclusive NFT and step into the future of fashion! ?https://t.co/JPGdUL4TVv pic.twitter.com/rn71qHlUBK
— The Sandbox (@TheSandboxGame) September 17, 2024
Meanwhile, SAND trades at $0.287917, reflecting a 7.24% intraday rally. The token has performed relatively well, with 17 days in the past month seeing its daily closing price exceed its opening price. Additionally, its liquidity remains strong in its market capitalization, indicating stable market activity.
2. Arbitrum (ARB)
Arbitrum (ARB) has recently experienced a notable uptick in market activity, showing signs of a potential rally after several weeks of trading within a descending channel. The token is now testing key resistance levels, sparking speculation about whether it could reach the $1.50 mark by Q4. Arbitrum is trading at $0.564, following an 11.78% intra-day rise. Increased buying pressure has accompanied this move, with trading volume surging by nearly 86% in the last 24 hours.
However, there are signs of caution. A drop in large transactions hints at reduced confidence among major holders, often called “whales.” This could mean that, while sentiment appears positive in the short term, profit-taking might lead to a price correction. Arbitrum’s value could fall to the $0.328 support level if this occurs.
It's great to see continued support from RaaS providers to integrate Orbit's flagship feature – Custom gas token.
Projects can now easily build vibrant native economies on Arbitrum Orbit with any ERC20 tokens on @ankr's Asphere. https://t.co/dTx7cGxQ3H
— Arbitrum (?,?) (@arbitrum) September 19, 2024
But if the upward momentum continues, Arbitrum may solidify its position in the DeFi sector, where it currently holds a total value locked (TVL) of $2.47 billion. Its future performance will largely depend on balancing bullish sentiment and profit-taking behaviors in the coming weeks.
3. ORDI (ORD
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