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Unveil the top cryptocurrencies worth investing in. Explore promising projects poised for growth and sustainability in the volatile market.
Crypto analysts believe that the next crypto bull run has commenced, notwithstanding several token prices still below their previous peak levels. Consequently, investors entering the market can reap significant gains throughout 2024 and beyond. This article highlights several tokens displaying promising growth potential.
Top Cryptocurrencies to Invest in Now
Chiliz has partnered with the UAE Pro League to utilize Web3 technologies to enhance the league’s international presence. Furthermore, NEAR trades at $5.43, indicating a marginal increase of 0.36% for the day. Additionally, LTC is experiencing a bullish trend, remaining above the 200-day simple moving average. Meanwhile, Bitcoin experienced a dip below the $60,000 mark, marking its first decline in over a month.
1. NEAR Protocol (NEAR)
On Wednesday, NEAR’s price experienced an uptrend of over 7% despite the prevailing negative sentiment surrounding altcoins. This recent rally propelled NEAR’s price above the crucial $5.00 mark, establishing it as a key support level following a rebound from weekly lows of $4.58.
Moreover, the surge in NEAR Protocol’s price over the past 24 hours coincides with renewed interest in the project. At the time of writing, NEAR is trading at $5.43, marking a modest intraday increase of 0.36%. However, it experienced a slight decline of 3.74% over the week. Despite this setback, its overall performance demonstrates resilience and potential within the Web3 ecosystem.
NEAR’s price surged impressively by 127% last year, outperforming 71% of the top 100 crypto assets. Additionally, it’s worth noting that NEAR is trading above its 200-day simple moving average, indicating a positive trend.
First up, if you prefer a longer read take a look at the blog released by the NEAR Foundation on NEAR's presence at Token2049!https://t.co/Xmm5vduSHx
— NEAR Protocol (@NEARProtocol) April 15, 2024
Furthermore, the project boasts high liquidity based on its market cap. NEAR Protocol is poised for potentially robust market performance in the coming months, with increasing traction expected as AI and Web3 technologies converge. This outlook suggests that revisiting the previous highs of $8.80 in March 2024 could pave the way for a milestone of $10 in the short term.
2. eTukTuk (TUK)
eTukTuk is approaching a significant milestone in its presale, having amassed over $3 million in funds. This initiative revolves around advancing sustainable global transportation solutions. The primary mission of eTukTuk is to propel developing nations toward a sustainable future by providing accessible electric vehicles (EVs) and charging infrastructure.
"The crypto world’s appetite for sustainable projects is growing, as evidenced by the remarkable presale performance of eTukTuk (TUK)" – @itscrypto_news https://t.co/9eWYlXW2RP
— eTukTuk (@eTukTukio) April 17, 2024
Moreover, strategic alliances with influential organizations have been forged to propel eTukTuk’s mission. Through these partnerships and expansion strategies, eTukTuk appears well-poised to facilitate the shift towards sustainable transportation solutions in regions where tuk-tuks are needed in daily commuting and commerce.
The presale of eTukTuk has a hard cap set at $10.7 million, representing the maximum funds targeted to be raised during this fundraising phase. Furthermore, eTukTuk has strategically allocated its total token supply of 2 billion TUK tokens.
In addition, 21.5% of the total supply, which is 430 million tokens, is earmarked for staking rewards and incentivizing long-term investment and engagement. Other allocations include 7% for liquidity and 9.75% for the presale, indicating a balanced and sustainable distribution strategy.
3. Chiliz (CHZ)
Chiliz aims to revolutionize fan engagement in the sports industry. Through Socios, fans can acquire and use fan tokens to actively participate in decision-making processes within their favorite sports clubs. This platform offers fans a stake in club-related decisions, bridging the gap between passive fandom and active involvement.
Recently, Chiliz announced a partnership with the UAE Pro League to enhance the league’s international presence using Web3 technologies. Moreover, Chiliz and the UAE Pro League will develop a Web3-based fantasy football game as part of this multi-year partnership. Thus leveraging blockchain technology to provide fans with a unique and immersive experience.
Moreover, fans will have the opportunity to own exclusive blockchain-authenticated game-scored balls. Details on distribution methods are forthcoming, with plans to ensure fair and equitable access for fans worldwide.
We're excited to announce our partnership with UAE Pro League 🤝⚽
Chiliz and @UAEProLeague will develop a web3-based fantasy football game and give fans the opportunity to own exclusive blockchain-authenticated game-scored balls.https://t.co/wHNnIluGWI#ChilizChain ⚡ $CHZ
— Chiliz ($CHZ) – The Sports Blockchain ⚽🏆 (@Chiliz) April 18, 2024
Chiliz’s token currently trades at $0.1068 at the time of writing, with a 24-hour trading volume of $224.85M. The sentiment towards Chiliz price prediction is presently bullish, with the Fear & Greed Index showing 57 (Greed). Additionally, the token trades above the 200-day simple moving average and has shown 17 green days in the last 30 days.
4. Litecoin (LTC)
In recent market activity, Bitcoin surged to nearly $74,000, signaling a pre-halving rally that positively impacted the broader crypto market. This led Litecoin to surpass $100, a significant resistance level. Moreover, analyzing LTC’s monthly chart reveals a bullish trend, as it remains above the 200-day simple moving average.
Over the last 30 days, LTC experienced 16 green days, comprising 53% of the period, indicating strong market performance. Additionally, LTC boasts high liquidity, evident from its substantial market cap. Furthermore, the broader altcoin sector experienced a significant decline of 30-40%, resulting in substantial discounts for investors.
This saw LTC dropping over 30% to trade at about $80 after reaching a peak of $112.8. Due to this, Grayscale seized the opportunity presented by discounted prices and acquired 32,000 LTC coins for their Grayscale Litecoin Trust on April 16th. This acquisition, valued at $2.3 million based on prevailing market prices, increased the trust’s assets under management (AUM) to $132 million.
'On-chain data shows that Litecoin’s long-term holders have achieved a new record: 62.5% of all $LTC investors now qualify as these HODLers.' – @bitcoinist https://t.co/MZVFrEHLJ2
— Litecoin (@litecoin) April 16, 2024
Coinglass data indicates that Grayscale’s LTC holdings rose from 1.62 million to 1.65 million following this accumulation. Also, On-chain data reveals a milestone for LTC, with long-term holders now constituting 62.5% of all LTC investors, indicating a significant increase in HODLing behavior.
5. Axelar (AXL)
Axelar operates as a decentralized interoperability network, facilitating secure cross-chain communication within the Web3 ecosystem and across various blockchain networks. Currently, the trading price of AXL is $1.19, with a trading volume of $72.77 million. The token boasts a market cap of $752.95 million.
Furthermore, investors exhibit bullish sentiment towards Axelar’s price prediction, as reflected by the Fear & Greed Index standing at 57, indicating a sense of greed. Last year, Axelar showed strong performance, with a 114% price increase, outperforming 67% of the top 100 cryptocurrencies.
Explore Axelar’s multichain ecosystem in a new quest powered by @Galxe, featuring @xdefi_wallet and the new XDEFI token!
🦾 #InterchainTokens 🦾2,500 AXL giveaway ⤵️https://t.co/I6RgKxOXUO
— Axelar Network (@axelarnetwork) April 12, 2024
Technically, Axelar currently trades above its 200-day simple moving average and is currently near its cycle high. It also has high liquidity due to its substantial market capitalization. Considering Axelar’s robust fundamentals and support from its community, there is potential for significant growth. Collaborations with other blockchain networks could further drive the price of AXL, potentially surpassing $1.73 by 2024.
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