6 Best Altcoins to Invest in Right Now

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Insidebitcoins regularly curates a list of the best-trending coins in the market. Investors can capitalize on these tokens as the market recovers.

In the cryptocurrency market, capitalization currently stands at $1.25 trillion, reflecting a 1.89% decrease in the last 24 hours. This decline is significant to investors and enthusiasts seeking a current market overview.

Stablecoins also play a substantial role in the crypto market, with a total 24-hour volume of $38.74 billion, representing 89.02% of the entire market’s trading volume. These coins remain a preferred choice for investors seeking a stable store of value in the highly volatile crypto landscape.

Bitcoin’s dominance in the crypto market stands at 53.18%, reflecting a slight decrease of 0.18% during the day. This suggests a relatively stable position for Bitcoin as the leading cryptocurrency, with no notable shifts in its market dominance.

1. Quant (QNT)

Quant displays signs of a potential recovery, with its price approaching the upper boundary of a descending pattern on the daily time frame chart. This development aligns with the recent uptrend in Bitcoin’s price.

Hence prompting several altcoins, including Quant, to embark on their recovery phases. The sustainability of this upward movement is pivotal for QNT’s potential breakout from its descending channel trend since April 2023.

Recent data shows that the price of Quant sits at 108.02, reflecting a modest 2.38% intraday increase. However, the trading volume has seen a 7.79% intraday decrease, resulting in a volume-to-market cap ratio of 2.16%.

Furthermore, Quant offers practical, real-world applications, positioning it as a promising long-term project. Moreover, it is listed on premium exchanges such as Binance and Coinbase, featuring a limited token supply of 14,881,364 QNT tokens.

These factors, put together, have drawn the attention of investors to the coin. In addition, the anticipation of new exchange listings and the response from investors could contribute to growth in the coming months.

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Our latest use case explains. It explores how a person might purchase goods from a retailer counting on the added safety of smart locks.#CBDCs #DigitalCurrencies https://t.co/zn9lnbxh1j

— Quant (@quant_network) October 26, 2023

Some experts hold an optimistic outlook for Quant (QNT) as a cryptocurrency with the potential for significant growth shortly. According to price predictions, Quant’s highest price is expected to hit $213.91 as the broader crypto market regains its value. Nevertheless, a bearish market could see the coin hover around the $163.57 mark in 2023.

2. Huobi Token (HT)

HTX has recently published its financial report for the third quarter of 2023, which discloses a revenue of $24.75 million. In a strategic move, the company has designated 20% of this revenue, equivalent to roughly two million HT coins, for its quarterly token-burning initiative. The primary objective of this initiative is to enhance transparency and foster greater community engagement within the HT ecosystem.

During Q3 2023, HTX carried out a substantial token burn, effectively removing 2,062,217 HT coins from circulation. This marks a significant milestone in the platform’s token-burning mechanism. Thus resulting in 301,002,441 HT tokens being burned by October 15, 2023.

Moreover, the deflation rate for this period was an impressive 0.9718%. This rate was calculated based on the amount of HT tokens burned relative to the circulating supply.

Responding to input from the HT community, HTX made the strategic decision to shift from monthly to quarterly token burns. This move aligns with the current industry norms. Likewise, the transition gives stakeholders a more comprehensive understanding of the platform’s performance. .

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— HTX (@HTX_Global) October 27, 2023

Since the introduction of the HT empowerment plan, HT has exhibited consistent growth, bolstered by strong community support. Furthermore, rebranding the platform from Huobi to HTX represents a strategic step in the company’s evolution.

3. NEO (NEO)

NEO has recently unveiled an extensive $10 million accelerator program in partnership with Web3 Labs. This initiative aims to support innovative blockchain projects. Therefore, it offers a three-month support period encompassing technical and business guidance. The application window for this program remains open until November 27.

Furthermore, NEO offers smart contract capabilities, ICO support, and transaction features. As such, the project has garnered considerable attention and is seen as a pioneering player in the blockchain industry.

A notable aspect regarding NEO’s future is the anticipated launch of N3, expected in late 2023 or early 2024. This release is poised to accelerate the platform’s development and adoption.

Get the details of the #Neo Sidechain:
✨ Multi-VM support
🛡️ MEV-resistant
🪙 $GAS as utility token and governance token
🤝 dBFT consensus mechanismhttps://t.co/j2FqS8lGox

— Neo Smart Economy (@Neo_Blockchain) October 27, 2023

Regarding price predictions, it’s vital to approach these with caution, given the high volatility of cryptocurrency markets. Nonetheless, some analysts project that NEO’s price may reach approximately $31.63 by the end of 2023.

Likewise, the average estimated price of the coin is around $26.69, provided market conditions align with these expectations. In a bearish market, NEO’s price could dip to about $18.03 in 2023.

4. Launchpad XYZ (LPX)

Launchpad XYZ has captured the attention of many for its mission to revolutionize decision-making in the Web 3.0 landscape. It distinguishes itself by providing users with an advanced dashboard that furnishes comprehensive data. Thus empowering them to make informed decisions about cryptocurrency investments.

Moreover, this platform integrates market analysis, giving users insights into the investment choices of influential figures. The aim is to encourage users to make independent trading decisions rather than relying solely on third-party information.

Are you ready to unlock unique #NFT treasures with #LaunchpadXYZ 🔥🚀

It's time to give your collection an upgrade 👑#Cryptos #NFT #Trading #Web3 pic.twitter.com/z8qWywHRK2

— Launchpad.xyz (@launchpadlpx) October 26, 2023

Launchpad XYZ’s native token, LPX, extends beyond mere exposure to the project’s growth. It encompasses various use cases, particularly for users who stake a minimum of 10,000 LPX tokens. This category of users gains access to premium features, including reduced trading commissions on the Launchpad XYZ decentralized exchange.

The platform caters to users at different trading levels, offering distinct features and LPX token allocations tailored to their needs. Therefore, users can select the tier that best aligns with their trading goals and investment capacity.

Launchpad XYZ is a platform designed to facilitate well-informed cryptocurrency trading decisions by offering a range of features and options. LPX tokens are pivotal in unlocking premium features, and users can choose the tier that best suits their trading preferences and experience.

5. Solana (SOL)

Solana has introduced a new feature that enables MetaMask users to manage their SOL assets directly within their existing MetaMask wallets. This integration aims to bridge the gap between the Solana and Ethereum ecosystems. Thus making it easier for users to access Solana and enhancing overall convenience.

Furthermore, the Solana Blockchain has recently become the platform of choice for meme coins and other Web3 projects. DSCVR, a Web3 social media and community-building platform, recently launched on the Solana Blockchain on October 25.

Check out our guide to discover some of the top meme coins on Solana.

Solana’s performance has garnered attention since the $28 horizontal resistance breakthrough, potentially setting the stage for further gains. Traders have used the Relative Strength Index (RSI) to gauge momentum and potential reversal points. Also, it has reached its highest level since November 2021, indicating robust bullish momentum.

“Solana’s core technology is a blockchain, but it's not just a blockchain. It's this way of recording data and accessing data that’s incredibly fast, reliable, secure, affordable, and decentralized." –@oritheorca #OnlyPossibleOnSolana

Why do you choose Solana? Let us know 👇 pic.twitter.com/hFgtrUsikJ

— Solana (@solana) October 26, 2023

In addition, Solana’s trading volume has surged to $1.7 billion, a level not seen in the last three months. Simultaneously, the Solana blockchain’s Total Value Locked (TVL) has reached a new yearly high of $367 million. However, this figure is still only 3% of its all-time high of $10 billion recorded in November 2021.

Furthermore, notable cryptocurrency traders and analysts have expressed bullish sentiments regarding SOL. Prediction suggests a potential rise toward $37, contingent on a breakout above the midrange of $32.

6. NEAR Protocol (NEAR)

Near Protocol has exhibited substantial growth since its inception, delivering significant returns to early investors in 2021. Tangible use cases underpin the project and follow a distinctive roadmap.

Furthermore, NEAR tokens are accessible on well-regarded exchanges like Binance and Coinbase, bolstering their long-term potential. Analysis further indicates that NEAR Coin prices are poised for continued growth in the coming years.

Moreover, the development team behind the NEAR Protocol is actively involved in multiple initiatives to enhance the NEAR Token’s value.

Don't miss @gleb0x from @greenfield_cap speaking at #NEARCON2023!

With a strong background in DeFi, staking services, and more, Gleb is set to share invaluable insights on driving success in the Web3 space pic.twitter.com/vM5TAT7NoB

— NEAR Protocol (@NEARProtocol) October 26, 2023

The price forecast suggests that NEAR Protocol’s maximum price will stabilize at around $4.60 as the cryptocurrency market regains. Also, an average price of $4.06 for NEAR Coin is forecasted for 2023. Nevertheless, a bearish trend in the crypto market could result in a minimum price of $3.52.

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