The TON blockchain ecosystem has witnessed remarkable development throughout 2024, primarily driven by the growth of its decentralized finance (DeFi) sector, the incorporation of native $USDT, and the rising trend of mini apps. Although the total value locked (TVL) reached a high of $740 million in July, it has since stabilized at $248 million, reinforcing TON’s status as a significant contender in the blockchain landscape. The DeFi sector has notably expanded, now featuring 50 active projects compared to just 10 at the year’s start. In the context of this optimistic crypto market environment, this article highlights several affordable tokens, focusing on the top altcoins to monitor currently.
6 Best Altcoins to Watch Today
The Solana network continues to advance in the cryptocurrency realm, with the proposed VolatilityShares Solana Futures ETF marking a significant step forward. Meanwhile, Optimism (OP) is preparing for a crucial network upgrade, while Arweave has seen a remarkable 66% increase in value year-to-date (YTD). Binance Coin (BNB) remains in the #5 position among cryptocurrencies, currently trading at $702.89. Additionally, Flockerz, a newly introduced meme-based cryptocurrency, is gaining traction due to its ongoing presale and distinctive features. Orchid (OXT) has also experienced a 10.78% price rise within a 24-hour period. According to CNBC, these crypto projects are poised to attract substantial venture capital investments in 2025.
1. Solana (SOL)
The Solana network has made impressive progress in the cryptocurrency sector, with the proposed VolatilityShares Solana Futures ETF serving as another landmark in its development. This ETF aims to allow investors to gain exposure to Solana futures while providing leverage options of 1x, 2x, and -1x. Solana’s market performance has been noteworthy, as it currently trades at $185.96 with a market capitalization of $89.19 billion, positioning it as the sixth-largest cryptocurrency worldwide. Over the last 24 hours, trading volume has reached $2.17 billion, resulting in a volume-to-market-cap ratio of 2.44%. In the past year, Solana’s price has surged by an impressive 71%, outperforming 64% of the top 100 cryptocurrencies. With current trading above its 200-day simple moving average (SMA) of $176.24 by 5.76%, this trend indicates strong upward momentum and investor confidence.
2. Optimism (OP)
Optimism (OP) is gearing up for a significant network upgrade and hard fork scheduled for January 10, 2025, at 2:00 (UTC+8). This upgrade aims to improve the network’s scalability, performance, and overall user experience. As it introduces changes that will not be compatible with older software versions, all participants in the network must update their systems to ensure continued operation. Currently, Optimism (OP) is trading at $1.85, reflecting a 0.75% increase in the past 24 hours, with a market cap of $2.5 billion and a trading volume of $248.89 million, marking a 7.11% rise. The total and maximum supply of OP stands at 4.29 billion, with 1.35 billion tokens currently in circulation. Despite bearish sentiment regarding price predictions, the Fear & Greed Index shows a reading of 72 (Greed), indicating a degree of optimism in the broader crypto market.
3. Arweave (AR)
Arweave (AR) functions as a decentralized storage network that offers permanent data storage solutions. It supports the permaweb, a decentralized and permanent web that hosts numerous community-driven applications and platforms. Currently, Arweave is valued at $16.60, boasting a market capitalization of $1.09 billion, ranking it #91 among cryptocurrencies. In the past 24 hours, its price has increased by 2.83%, with a trading volume of $84.39 million. The network has a total and circulating supply of 65.65 million AR, nearing its maximum supply of 66 million AR. Arweave’s price has surged by 66% over the past year, outperforming 62% of the top 100 crypto assets, signifying its growing adoption and stability within the market.
4. BNB (BNB)
Binance Coin (BNB) currently sits at #5 in the cryptocurrency rankings, with a price of $702.89. The sentiment surrounding BNB remains positive, reflected in the Fear & Greed Index reading of 72 (Greed). Over the past year, BNB’s price has skyrocketed by 122%, outperforming 76% of the top 100 crypto assets during this timeframe. BNB trades above its 200-day simple moving average, indicating a robust upward trend and high investor confidence. With 15 days of positive price movement in the last 30 days, where closing prices exceeded opening prices, Binance Coin has established itself as a resilient and high-performing asset in the cryptocurrency landscape.
5. Flockerz ($FLOCK)
Flockerz, a newly launched meme-themed cryptocurrency, has attracted interest due to its ongoing presale and innovative features. The project implements a Vote-to-Earn governance system, encouraging community engagement and decentralized decision-making. The presale, which has already raised $7.6 million, will conclude in 24 days, with tokens priced at $0.006504. Buyers can participate using either cryptocurrencies or traditional payment methods. Although there is no hard cap, the presale may end early if the token supply sells out. Flockerz has undergone security audits by Coinsult and Solid Proof. During the presale, investors can stake their tokens for rewards, with over 500 million tokens allocated for staking and offering an annual percentage yield (APY) of 357%. This rate will decrease as more users join the staking pool. Flockerz also aims to enhance community involvement through its decentralized autonomous organization (DAO), FlockTopia, allowing token holders to vote on key project decisions.
6. Orchid (OXT)
Orchid (OXT) has recently experienced notable price fluctuations, achieving a 10.78% gain over the last 24 hours. Currently trading at $0.1202, the token reached a session high of $0.1274, reflecting strong buying momentum, although it has faced slight retracement. With a market cap of $118.81 million, Orchid’s trading volume has surged by 130.42% to $20.39 million, indicating rising interest in the token. The price currently encounters resistance at $0.1250, with a stronger barrier at the session high of $0.1275. If it surpasses these levels, it may aim for the psychological target of $0.1350. On the downside, support exists at $0.1150, which previously served as a breakout level, with stronger support at $0.1100, where the price consolidated before its recent increase.
