Top Cryptocurrencies to invest in Now January 23 – Toncoin, Bittensor, EOS

In
his
inaugural
speech,
President
Donald
Trump
did
not
address
the
idea
of
a
Strategic
Bitcoin
Reserve,
which
disappointed
many
Bitcoin
supporters.
However,
his
slogan,
“Make
America
Great
Again,”
has
sparked
hope
among
cryptocurrency
analysts.
They
speculate
that
Trump
could
focus
on
promoting
U.S.-born
cryptocurrencies.

Analysts
suggest
that
Trump
might
aim
to
create
a
Bitcoin
reserve
and
extend
support
to
other
significant
U.S.
crypto
projects
like
XRP,
SOL,
SUI,
and
ONDO.
If
these
policies
come
to
fruition,
the
crypto
market
could
substantially
expand.
This
anticipation
has
led
investors
to
look
for
the

top
cryptocurrencies
to
invest
in
now,
as
they
expect
an
uptick
in
value
and
interest.

Top
Cryptocurrencies
to
invest
in
Now

Pudgy
Penguins
has
seen
a
4.87%
rise,
now
trading
at
$0.0247.
Meanwhile,
Solaxy
has
successfully
gathered
over
$13
million
during
its
initial
coin
offering
(ICO),
driven
by
Solana
reaching
new
peaks
and
the
buzz
around
meme
coins
associated
with
Donald
Trump.
In
related
news,
The
Open
Network
(TON)
has
been
selected
as
the
exclusive
blockchain
platform
for
Telegram,
marking
a
significant
integration
of
blockchain
technology
into
everyday
messaging
services.

1.
Toncoin
(TON)

TON
has
now
become
the
sole
blockchain
infrastructure
for
Telegram,
following
an
announcement
by
the
messaging
platform.
This
integration
applies
to
all
services,
including
Mini
Apps,
making
Toncoin
(TON)
the
sole
cryptocurrency
accepted
for
payments,
rewards,
and
other
non-fiat
transactions
on
the
platform. 

This
move
aligns
with
the
TON
Foundation’s
goal
of
making
Telegram
a
gateway
for
users
exploring
Web3
technologies,
particularly
those
new
to
cryptocurrency.
To
enhance
user
experience,
the
TON
Foundation
has
focused
on
integrating
TON
Connect,
simplifying
authentication. 

Users
can
log
in
to
crypto
apps
without
passwords,
making
the
process
more
convenient.
Currently,
Toncoin
is
priced
at
$5.05,
reflecting
a
1.67%
decrease
in
the
last
24
hours.
Despite
this,
its
24-hour
trading
volume
rose
2.64%
to
$233.02
million.
Market
sentiment
for
Toncoin
appears
bearish,
with
the
Fear
&
Greed
Index
showing
a
reading
of
75,
indicating
greed
in
the
market. 

Telegram
and

$TON
are
going
exclusive!
????

All
mini-apps
on
Telegram
will
now
exclusively
use
TON
as
their
blockchain
infrastructure.
All
mini-apps
that
do
not
currently
use
TON
should
migrate
by
February
21,
2025.
So
let’s
get
on
with
it!
????????

Also,
TON
Connect
becomes
the…

pic.twitter.com/QcGN6ALmb7

—
TON
????
(@ton_blockchain)

January
21,
2025

Furthermore,
TON
is
trading
significantly
above
its
200-day
moving
average
of
$2.03,
a
149%
increase.
The
14-day
Relative
Strength
Index
(RSI)
is
47.69,
signaling
neutral
momentum
with
the
potential
for
stable
price
movement.

In
recent
performance,
Toncoin
experienced
15
positive
trading
days
out
of
the
last
30,
or
50%.
Some
predictions
suggest
a
potential
price
increase
to
$17.00
within
the
next
month,
though
market
conditions
and
sentiment
may
affect
these
outcomes. 

2.
Pudgy
Penguins
(PENGU)

Pudgy
Penguins’
native
token,
PENGU,
has
experienced
a
4.87%
price
increase,
trading
at
$0.0247.
Its
market
capitalization
rose
to
$1.55
billion,
a
4.94%
gain,
while
the
24-hour
trading
volume
surged
30.10%
to
$372.14
million.
The
volume-to-market
cap
ratio,
a
measure
of
liquidity,
stands
at
0.4358,
indicating
active
trading
relative
to
its
size.

The
brand
has
gained
significant
attention
for
its
digital
content.
In
early
January,
its
GIFs
and
stickers
achieved
over
1.1
billion
views.
Community-driven
initiatives,
including
a
sold-out
Telegram
sticker
campaign
and
viral
efforts
on
Instagram
and
TikTok,
helped
maintain
visibility
despite
a
slowdown
in
NFT
sales.
This
consistent
engagement
showcases
the
team’s
focus
on
sustaining
interest
across
multiple
platforms.

Future
plans
for
PENGU
include
expanding
beyond
Solana
by
integrating
with
Ethereum
and
Abstract,
an
Ethereum
layer-2
solution.
The
token’s
total
supply
is
88.88
billion,
with
25.9%
allocated
to
reward
NFT
holders
through
airdrops.

Beyond
digital
assets,
Pudgy
Penguins
has
entered
the
physical
retail
sector,
selling
over
one
million
licensed
toys
through
partnerships
with
Walmart
and
Target.
These
efforts
aim
to
reach
audiences
beyond
cryptocurrency
enthusiasts,
reflecting
a
strategy
to
establish
a
broader
market
presence.

3.
Bittensor
(TAO)

Bittensor
is
currently
priced
at
$379.47,
with
a
24-hour
trading
volume
of
$265.75
million
and
a
market
cap
of
$3.12
billion,
giving
it
a
market
dominance
of
0.09%.
Over
the
last
24
hours,
the
price
has
dropped
by
8.93%,
and
market
sentiment
appears
bearish.
Despite
this,
the
Fear
&
Greed
Index
scores
75,
suggesting
a
tendency
toward
greed
in
market
behavior.

The
cryptocurrency
trades
significantly
above
its
200-day
simple
moving
average
(SMA),
indicating
a
strong
long-term
performance.
Specifically,
it
is
211.49%
above
the
SMA,
highlighting
consistent
growth
over
time.
The
trading
volume
relative
to
the
market
cap
is
0.0846,
suggesting
good
liquidity.

Meanwhile,
the
14-day
Relative
Strength
Index
(RSI)
is
at
56.85,
placing
Bittensor
in
a
neutral
zone.
This
indicates
no
significant
buying
or
selling
pressure,
with
the
potential
for
sideways
price
movement.
Volatility
over
the
last
30
days
is
low,
measured
at
9%,
meaning
the
price
has
remained
relatively
stable
in
recent
weeks.

Furthermore,
Coincodex
predictions
suggest
the
price
could
increase
by
226.92%,
potentially
reaching
$1,243.07
by
February.
While
this
forecast
points
to
growth,
investors
should
note
that
predictions
are
speculative
and
depend
on
market
conditions.

4.
EOS
(EOS)

EOS
Network
is
an
open-source
blockchain
designed
for
high
performance,
flexibility,
and
security
while
offering
a
developer-friendly
environment.
Powered
by
the
EOS
Virtual
Machine,
it
uses
a
WebAssembly
engine
to
execute
transactions
quickly
and
with
minimal
costs.
This
structure
makes
it
suitable
for
building
projects
other
blockchains
may
not
support.

The
platform
combines
advanced
technology
with
a
strong
community,
providing
developers
with
tools
and
educational
resources
to
ease
their
integration
into
the
blockchain
ecosystem.
EOS
has
gained
attention
for
its
rapid
growth
in
Total
Value
Locked
(TVL),
representing
the
total
assets
secured
on
its
network. 

Recent
data
shows
a
significant
TVL
increase
of
91,404%,
reaching
$212
million,
with
$11.79
million
added
recently.
This
progress
brings
its
all-time
high
TVL
within
reach.
EOS
currently
trades
5.29%
above
its
200-day
simple
moving
average
of
$0.732. 

Furthermore,
the
14-day
Relative
Strength
Index
(RSI)
sits
at
45.13,
suggesting
neutral
market
momentum,
possibly
leading
to
stable
or
sideways
trading.
Over
the
last
30
days,
the
network
has
seen
16
days
of
positive
trading
activity
and
displays
strong
liquidity
compared
to
its
market
capitalization.

Projections
estimate
the
EOS
price
may
rise
by
17.81%,
reaching
$0.923
by
February.
While
these
indicators
suggest
potential
growth,
the
platform’s
stability
and
performance
depend
on
broader
market
trends
and
developers
and
users’
continued
adoption
of
its
technology.

5.
Solaxy
(SOLX)

Solaxy

has
raised
over
$13
million
in
its
ICO
as
investors
react
to
Solana’s
recent
all-time
high
and
the
introduction
of
Trump-themed
meme
coins.
With
less
than
48
hours
left
in
the
current
presale
stage,
the
price
of
Solaxy’s
token,
SOLX,
is
poised
to
increase,
which
might
signal
a
bullish
trend
due
to
its
utility
and
foundational
strength.

Furthermore,
Solaxy
aims
to
enhance
Solana’s
network
by
handling
and
bundling
transactions
off-chain,
reducing
congestion,
and
speeding
up
interactions
with
decentralized
applications
(dApps).
This
process
simplifies
and
makes
DApp
use
more
efficient
for
users.
SOLX
is
the
utility
token
for
these
operations,
facilitating
quicker
and
less
costly
transactions.

The
project
offers
staking
with
an
annual
percentage
yield
(APY)
currently
at
293%,
encouraging
long-term
investment
by
rewarding
holders
with
passive
income.
Over
3.9
billion
tokens
are
already
staked,
which
helps
stabilize
the
token’s
value.
Additionally,
SOLX
will
connect
Solana
with
Ethereum,
allowing
for
greater
interoperability
between
these
networks
and
thus
expanding
the
token’s
utility.

Token
holders
also
gain
governance
rights,
influencing
future
network
decisions.


Solaxy’s
developers
have
outlined
a
clear
tokenomics
strategy
to
promote
sustainable
growth.
This
approach
combines
practical
utility
with
financial
incentives
to
address
Solana’s
scalability
issues.

Visit
Solaxy
Presale

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