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With the Bitcoin halving looming just 23 days away, investors are ramping up their buying activity, driven by bullish sentiments and a desire to adjust their portfolios. This surge in interest is leading investors to explore alternative tokens with growth prospects, shifting attention towards Altcoins.
Nevertheless, choosing the right altcoin requires careful consideration and research. InsideBitcoins offers valuable insights by highlighting a range of noteworthy altcoins deserving of investor attention.
6 Best Altcoins to Invest in Right Now
Investors are directing their attention towards tokens such as GateToken, Ronin, and PancakeSwap, seeing them as promising investment opportunities ahead of the anticipated altcoin season. This increased interest strengthens investor confidence, enabling them to assess and optimize their investment portfolios actively.
The presale of eTukTuk has surpassed $2.5 million, attracting investors interested in transforming transportation systems in underdeveloped regions. According to Immunefi, Protocol Village reports a 23% decrease in crypto hacks and rug pulls in the first quarter compared to the previous year.
1. eTukTuk (TUK)
eTukTuk’s presale has surpassed the $2.5 million, with adoption steadily growing. The project aims to transform transportation systems in developing regions through blockchain technology. With the integration of AI-driven optimization, eTukTuk seeks to streamline routes, alleviate traffic congestion, and curtail fuel consumption.
We've hit a major milestone, raising $2M in our pre-sale!
Thanks to our incredible community for your support.
Rest assured, these funds will fuel our mission for a sustainable future 🚀https://t.co/4kiTWB8U8Z
— eTukTuk (@eTukTukio) March 20, 2024
As the eTukTuk presale progresses in stages, the price of its native token, TUK, incrementally rises as additional funds are secured. With a hard cap target of $10.7 million, the project remains actively committed to its outlined objectives. Currently valued at $0.029, TUK tokens are available for purchase using BNB, USDT, or credit/debit cards.
Moreover, staking is available to investors, potentially yielding up to 103% APY returns. With over 48 million TUK tokens already actively staked, presale participants actively receive 6% of the total 2 billion TUK token supply. Following the presale phase’s conclusion, eTukTuk actively plans to list TUK on leading exchanges, thereby enhancing liquidity and accessibility for investors.
2. GateToken (GT)
GateToken’s recent market sentiment has been bullish, resulting in an uptick and a healthy RSI of 55.36. This coincides with a notable 17.14% increase in its price over the last 24 hours, placing its value at $10.17. In line with this rapid rise, the Fear/Greed score has propelled to 80, signaling increased token transactions.
In the interim, GateToken is trading at $10.16, demonstrating robust liquidity based on its market cap. Furthermore, it boasts a negative yearly inflation rate of -10.89%. This deflationary position suggests more growth due to scarcity. GateToken’s yearly performance also mirrors this growth, reflected by a 96% YTD surge.
Likewise, it has consistently traded above its 200-day simple moving average. Notably, it has outpaced its token sale price, affirming its value proposition to investors. Analyzing its recent trend, GateToken has enjoyed 22 green days within the last month, signaling a positive trajectory. Moreover, in 73% of the last 30 days, the daily close price has exceeded the daily open price.
3. SingularityNET (AGIX)
The AI sector has been moving northward for the past 24 hours due to a significant development within its sector. SingularityNET, Fetch.ai, and Ocean Protocol have raised attention in the market with news of a merger set to transform the outlook of the AI space. The partnership, termed “Artificial Superintelligence Alliance,” aims to birth the largest open-sourced, decentralized network, fast-tracking Artificial General Intelligence’s (AGI) development.
Hence, it’s no surprise that AGIX, SingularityNET’s native token, printed greens during the past intraday session. News of this collaboration has generated positive mark waves, pushing AGIX’s price by 3.27% to $1.37. Moreover, market sentiment has remained bullish; investors have pushed the Greed score to 80 with continued token transactions.
We are excited to announce a multi-billion token merger with @Fetch_ai and @oceanprotocol to create the Artificial Superintelligence Alliance, the largest open-sourced, decentralized network, and accelerate the race to AGI. Learn more: https://t.co/zT8Q1HbkEv pic.twitter.com/2U3VbeFfW5
— SingularityNET (@SingularityNET) March 27, 2024
Over the past year, SingularityNET has shown exceptional growth, with its price soaring by 207%, outperforming 67% of the top 100 assets. Plus, it trades well above the 200-day simple moving average, indicating positive momentum. SingularityNET’s liquidity remains robust, supported by its market cap with 15/30 green days, reflecting high investor confidence.
4. PancakeSwap (CAKE)
PancakeSwap’s dominating trading activity on the BNB Chain saw it process over $1.3 billion on 26th March. CAKE has been on an uptrend in the past three days, rising from $4.1 to $4.66. The token is priced at $4.67 after a 6.02% intraday surge. Meanwhile, CAKE’s market sentiment remains bullish, accompanied by a Greed core of 80.
Moreover, the coin’s performance on a year-to-date saw it rally by 26%, signaling sustained growth. Furthermore, CAKE confidently trades above its 200-day simple moving average of $2.75. Over the last 30 days, PancakeSwap has recorded 18 green days, reflecting a positive trend in trading activity. Additionally, boasting high liquidity based on its market cap, PancakeSwap presents a promising investment opportunity.
🎉 The last round of revenue distributions was injected, and 23,570 have been distributed to all locked staking users who participated in the revenue-sharing pool.
🚀 Head to the new veCAKE staking page – Check and claim your rewards! 👉 https://t.co/8Fhw9CGmLv
🆕 The new…
— PancakeSwap v4🥞 (@PancakeSwap) March 28, 2024
Therefore, analysts predict that CAKE could print further gains this year after surpassing its predicted average price of $4.29 in 2024. However, if bullish events materialize, the token could soar to a maximum price of $6.34 by the year’s end, with the possibility of 4X gains in the Altcoin season.
5. Ronin (RON)
Post news on its listing on Coinbase, Ronin has steadily risen, printing green candlesticks in 17 of 30 trading days. In the past seven days alone, Ron has rallied by 10.40%, trading at $4.21. But, in the past intraday trading session, RON witnessed a 1.01% drop, coupled with a 5.20% decrease in trading volume, to $56,646,085. However, Ronin’s sentiment remains bullish, suggesting a rebound.
In light of this projection, the Fear & Greed index of 80 reflects increased investor confidence as token transactions persist. Ronin’s price skyrocketed by 294% in the past year, bettering 76% of the top 100 crypto assets. Moreover, Ronin is positioned 445.56% above the 200-day SMA, which is $0.773416.
Furthermore, the project’s relevance is rising, as evidenced by its collaborations and growing community. Therefore, speculations suggest that the token’s price will exceed $2.42 in 2024. In line with a bullish crypto market trend, the average price of Ronin is anticipated to hover around $2.19 by the same year. These projections further solidify its position among the best Altcoins to invest in.
6. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) has surged impressively with a 14.81% over the last 24 hours, pegging its price at $574.35. This surge reflects the active bullish sentiment among traders. Similarly, this rally is mirrored by the Extreme Greed index of 80 on the Fear & Greed Index.
Equally, Bitcoin Cash has demonstrated exceptional growth, soaring by 363% on a YTD. Technically, Bitcoin Cash is trading significantly above its 200-day simple moving average (SMA). Currently at $266.05, this marks a substantial increase of 115.48% above the SMA.
Furthermore, BCH maintains consistent positive momentum, with 20 out of the last 30 days showing green. Based on its market cap, Bitcoin Cash boasts high liquidity, further solidifying its position as an investment option.
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