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Top Cryptocurrencies to Buy Now July 29 – Avalanche, Injective, Toncoin

Aug 1, 2024 #仮想通貨
Top Cryptocurrencies to Buy Now July 29 – Avalanche, Injective, Toncoinコインチェーン 仮想通貨ニュース

As blockchain technology gains traction, investors are eyeing top-performing cryptocurrencies such as Avalanche, Injective, and Toncoin, which show significant growth potential.

Points

  • Avalanche (AVAX): Notable price increase and cross-chain lending partnership.
  • Injective (INJ): Integration with Mountain Protocol and USDM.
  • Toncoin (TON): Introduction of W5 Smart Wallet for gasless transactions.

The global cryptocurrency market continues to expand, with many governments showing increased support for blockchain adoption. The market cap has risen to $2.48 trillion, marking a 2.63% increase over the last day. Notably, Bitcoin is nearing $70,000 following a pro-crypto speech by former U.S. President Trump, which also boosted US-listed crypto stocks. These developments have led to gains in altcoins, turning their charts green and prompting investors to seek top cryptocurrencies to buy now.

Avalanche (AVAX)

Avalanche has seen a 3.87% increase over the past day, with its price reaching $28.72. This rise aligns with a broader market rebound, as investors and analysts anticipate further gains. Avalanche’s market cap has also risen by 3.88% to $11 billion, making it the 12th largest cryptocurrency by market cap. Recently, Avalanche partnered with Folks Finance to enhance cross-chain lending, allowing users to conduct transactions quickly and at a low cost.

AVAX Price Chart

Injective (INJ)

Injective Labs has integrated Mountain Protocol, introducing USDM, a yield-bearing stablecoin, into its ecosystem. This addition allows users to utilize USDM across dApps on Injective while earning yield from treasury bills. USDM enters the Injective ecosystem as wUSDM, a wrapped version that includes the yield in its price. This integration enhances capital efficiency and passive yield generation, making Injective an attractive investment.

INJ Price Chart

Toncoin (TON)

Toncoin has introduced the W5 Smart Wallet, designed to facilitate gasless transactions on its blockchain. Developed by Tonkeeper and endorsed by the TON Core team, this new wallet standard allows users to pay transaction fees in USDT when transacting with USDT and Notcoin. This development lowers entry barriers for new users, promoting broader adoption of the blockchain.

TON Price Chart

Conclusion

Avalanche, Injective, and Toncoin are among the top cryptocurrencies to consider for investment due to their recent developments and growth potential. Avalanche’s cross-chain lending partnership, Injective’s integration with Mountain Protocol, and Toncoin’s introduction of the W5 Smart Wallet highlight their innovative approaches and market traction. Investors should monitor these cryptocurrencies for potential gains as the market continues to evolve.

解説

  • Avalanche: Strong price increase and cross-chain lending partnership signal growth potential.
  • Injective: Integration with USDM enhances capital efficiency and passive yield generation.
  • Toncoin: W5 Smart Wallet promotes broader adoption by facilitating gasless transactions.