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The market’s positive outlook has led to a notable increase in investor confidence. This surge indicates investors’ eagerness to explore various promising tokens with potential growth, with expectations of bullish trends. Consequently, Altcoins have become increasingly appealing to investors looking for diverse investment opportunities.
However, selecting the most suitable altcoin demands careful attention and extensive research. This article aims to simplify the decision-making process. It does this by spotlighting several noteworthy altcoins worthy of consideration for investment.
5 Best Altcoin to Invest in Now
The upcoming Bitcoin halving scheduled for April has generated excitement within the blockchain and cryptocurrency community. This event is highly anticipated for its potential impact. Altcoins like Dogwifhat, ORDI, Conflux and THORChain are attractive investment options. This renewed interest in alternative cryptocurrencies is boosting investor confidence, leading many to review and modify their portfolios actively.
Moreover, Dogeverse’s presale offering has recently exceeded $8,286,379.53 of its current $8,832,636 target. As it approaches its target, it continues to attract growing market interest. This sentiment indicates a potential opportunity for investors to participate in the presale now at 0.000299. However, the token’s price is expected to increase tomorrow.
1. Dogwifhat (WIF)
Solana’s ecosystem is gaining momentum, with Dogwifhat (WIF) leading the way. WIF is currently on an upward trend, emerging as the third-largest coin in the meme coin sector by market capitalization. In just the past seven days, WIF has surged by 59%, surpassing PEPE to claim the 39th position in the global market cap rankings.
As at today, Dogwifhat is priced at $2.76, marking a 1540% YTY rally. Furthermore, market sentiment is optimistic, with a Greed score of 75 indicating a positive investor outlook. Over the past month, Dogwifhat has posted an impressive streak of 17 consecutive green days. During this time, the closing price has consistently exceeded the opening price marginally.
Furthermore, Dogwifhat’s bullish trend is reflected in its Relative Strength Index (RSI). The token remains firmly within the bullish range. Moreover, the Directional Movement Index (DMI) corroborates this bullish sentiment, indicating a strong upward trend for the meme coin.
Bought some more $WIF that I am willing to sit on over the Summer even if we chop.
Don't lose the plot.
— HORSE (@TheFlowHorse) April 19, 2024
Hence, analysts predict Dogwifhat might continue its upward trajectory in the coming days. There are expectations Dogwifhat will reach a new all-time high of $5 soon. Similarly, ambitious projections suggest the possibility of achieving a double-digit price before the year’s end. This reflects the growing optimism surrounding the meme coin’s prospects.
2. THORChain (RUNE)
The ongoing rally in the crypto market has pulled THORChain alongside. This rally has seen the token surge towards its all-time high. Despite a brief dip below the $11 mark, THORChain swiftly rebounded and returned to the $7.63 price. However, with RUNE’s 594% growth over the past year and remarkable performance in 2024, it positions itself as one of the crypto market’s top gainers.
THORChain is trading at $5.33, marking a 1.95% intraday increase. Furthermore, THORChain’s market sentiment is bullish, with a Fear/Greed score of 81, indicating increased token transactions. Additionally, THORChain has outperformed 87% of the top 100 crypto assets in the past year.
Furthermore, the token is trading above the 200-day simple moving average. This SMA demonstrates THORChain’s positive performance compared to its token sale price. Consequently, it has resulted in a positive ROI in USD, BTC, and ETH. Despite a noticeable 22.84% decline on its weekly chart, fluctuating between $7.3 and $11.4, THORChain holds strong potential for further upsurges. Experts predict it could surpass the $11 threshold to retest its all-time high of $19.
With a market cap exceeding $2 billion, THORChain currently ranks 47th among leading cryptocurrencies. Its high liquidity is evident based on its market cap. Additionally, there have been 17 green days in the last 30 days (57%).
Some really epic stuff coming down the line for TC in the next 6 months.
Just hopped off a call with some team for updates on that. The full manifestation of TC is happening!
Swaps Everywhere (T)
Bookmark this.
— JPTHOR (ACCEL) (@jpthor89) April 18, 2024
Despite facing fluctuations, THORChain has shown resilience and positive performance metrics. These metrics indicate substantial potential for future growth. Investors and enthusiasts are closely monitoring THORChain as it continues to make significant moves in the crypto market.
3. Conflux Network (CFX)
Conflux Network has recently initiated an innovative collaboration with XLinkbtc. This partnership aims to bridge their high-speed blockchain with innovations in Bitcoin Layer 2. Ultimately, it seeks to assist developers and strengthen the interconnected blockchain ecosystem network
Additionally, Conflux Network has partnered with fintech firm AnchorX. This collaboration seeks to launch a stablecoin pegged to the Hong Kong dollar named “AxHKD.” Conflux’s CEO reiterated that the AnchorX team is working diligently to ensure the swift launch of the AxHKD stablecoin.
Consequently, CFX is trading green candlesticks, registering a 2% gain to reach $0.2395. This intraday surge further solidifies its bullish sentiment. Additionally, the Greed score of 74 indicates sufficient buying pressure. Notably, Conflux has experienced a remarkable 62% surge in price since its launch. It also aims to sustain this positive momentum as the year goes on.
A big thank you to @CoinstoreExc 🤝 for hosting a fantastic panel and inviting us to participate! It was a privilege to have our Head of Business Development, @realdora_eth, speak on the topic of "How Will New Technologies Empower Infrastructure Development."
🙏 We’re grateful… pic.twitter.com/9koxADORIK
— Conflux Network Official (@Conflux_Network) April 19, 2024
Moreover, CFX is positioned above its 200-day simple moving average, highlighting its bullish trajectory. Over the past 30 days, Conflux has seen 18 green days, further reinforcing its upward momentum. Trading near its cycle high of $0.545633, Conflux boasts high liquidity owing to its substantial market capitalization. With these metrics, experts anticipate that CFX’s current momentum will continue in the short term.
4. Ordi (ORDI)
As the market shows signs of growth, ORDI is gaining prominence with its upward movements. ORDI is currently valued at $45.55, showing a 4.53% increase in the past 24 hours. This rise indicates bullish sentiment among investors. It is further strengthened by the Fear & Greed Index metric which sits at 77, signifying extreme greed.
Moreover, ORDI is trading significantly above its 200-day simple moving average, which is currently at $13.55. This places Ordinals notably at 387.18% above the 200-day SMA, demonstrating its strong performance. Additionally, the token’s high liquidity is apparent through its substantial market capitalization.
Due to its solid fundamentals and strong community support, ORDI offers promising potential for future growth. Analysts predict that collaborations with other networks could drive the coin price to $152.51 by 2024. This projection reflects confidence in ORDI’s trajectory, highlighting its position for further success.
5. Dogeverse (DOGEVERSE)
Dogeverse is an innovative project aiming to bridge multiple blockchains. The token seeks to create a unified space for market participants and investors. It is inspired by Cosmo, the Doge token that bridges Ethereum and Solana. Accordingly, Dogeverse empowers its holders to cross between various crypto chains seamlessly.
Furthermore, the token has moved to be listed on multiple decentralized exchanges (DEX) and centralized exchanges (CEX). It also seeks to build an active meme lovers and crypto investors community. As Dogeverse continues to expand its multichain utility, the team behind Cosmo continues to develop innovative concepts.
Also, its presale offering recently surpassed $8,286,379.53 of its current $8,832,636 target. As it nears its target, it continues to see a growing market interest. This sentiment signals a potential opportunity for investors to enter the presale now at 0.000299. However, the token’s price is set to increase tomorrow.
Another incredible achievement unlocked for #DOGEVERSE! 🚀
Exceeding the $7,500,000 milestone already! 💸
Cosmo is over the moon! 🐾😄
Way to go, #DOGE enthusiasts! 🌠 pic.twitter.com/jAZ7xZjkjw
— DogeVerse (@The_DogeVerse) April 19, 2024
However, this opportunity is limited, particularly considering tomorrow’s possible price increase. Furthermore, Dogeverse integrates the VAX purchase option into its website. This integration enables users to transact across Ethereum, BNB, Polygon, and Avalanche. Moreover, it has also announced that Base and Solana options are set to be added.
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