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The current bull run goes against widespread expectations. Before, analysts predicted that funds from the Bitcoin uptrend would move into altcoins. However, historical data from past bull cycles shows that the Bitcoin rally typically precedes the emergence of the following cryptocurrencies to explode.
Unfortunately, the predictions this time are not as accurate as expected. Only a few altcoins are following the BTC trend. Instead of funds flooding the altcoin market, investors heavily bet on meme coins, signalling another meme coin season. Brett provides a perfect entry point for investors exploring memecoin.
6 Best Altcoin to Buy Now
Several tokens in the crypto market have exhibited widely different price actions. For instance, the top trending altcoins have experienced significant surges in the last 24 hours. Today, we evaluate the market data of these altcoins and provide insights into their potential.
Moreover, attention in the crypto market has shifted towards the mining sector as the market progresses after the Bitcoin halving. Consequently, investors can capitalize on the moment by taking a position in upcoming tokens like 99Bitcoins. The project aims to gamify Bitcoin education, making learning about Bitcoin more enjoyable. This analysis provides details of its presale.
1. Litecoin (LTC)
The post-halving rally has had a positive impact on the broader crypto market. It has seen Litecoin surging past a significant resistance level of $100. An analysis of LTC’s monthly chart reflects a bullish trend, as it remains above the 200-day simple moving average.
In the last 30 days, LTC has had 16 green days, demonstrating strong market performance. It enjoys high liquidity, as shown by its significant market cap. Also, the altcoin market recently suffered a substantial plunge of 30%, giving investors a perfect entry point.
As a result, LTC dropped over 30% to trade at about $80 after reaching a peak of $112.8. Taking advantage of the discounted prices, Grayscale accumulated 32,000 LTC for their Grayscale Litecoin Trust. With this acquisition, valued at $2.3 million based on prevailing market prices, the trust’s assets under management (AUM) rose to $132 million.
#PaywithLitecoin ⚡️ pic.twitter.com/y2O9icBoul
— Litecoin (@litecoin) April 27, 2024
According to data from Coinglass, Grayscale’s LTC holdings grew from 1.62 million to 1.65 million following this accumulation. Moreover, on-chain data indicates a milestone for LTC, with long-term holders now making up 62.5% of all LTC investors, signalling a significant increase in HODLing behaviour.
2. 99Bitcoins (99BTC)
99Bitcoins launched its cryptocurrency, the 99Bitcoins token (99BTC). The token rapidly raised over $790k hours into its presale. This development demonstrates the tokens’ potential. Moreover, investors still have the opportunity to purchase tokens at the initial price of $0.00102, although rates are expected to increase over time gradually.
Moreover, a presale limit of $10.3 million incentivizes investors to acquire discounted 99BTC tokens before the price increases. These tokens fuel the Learn-to-Earn platform, where users are rewarded for learning about cryptocurrencies. As funding milestones are achieved, the price of 99BTC gradually increases.
Furthermore, the innovative Learn-to-Earn concept incentivizes users to educate themselves about cryptocurrency, providing benefits to token holders. Also, 99Bitcoins intends to enhance the learning experience by gamifying Bitcoin education. Users who complete challenges and lessons earn higher rankings and $99BTC tokens as rewards.
Need help with purchasing $99BTC tokens or have other important queries? 🤔
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Connect with us: https://t.co/NXD7DAamqr#99Bitcoins #Crypto #Presale #Alts pic.twitter.com/yhfvjZzvCj
— 99Bitcoins (@99BitcoinsHQ) April 27, 2024
Conversely, the project explores the potential effect of Bitcoin halving events and has attracted a broad audience across various platforms. The token distribution allocates 10.5% for presale, 14% for staking rewards, and portions for development, community rewards, liquidity, and marketing.
Subsequently, the token has launched a giveaway on its platform. Participants can win free Bitcoin from a $99,999 BTC prize pool, with over 4,120 entries. Also, token holders participating in the presale can benefit from holding 99Bitcoins tokens.
3. Tron (TRX)
TRON has demonstrated resilience amidst recent market changes. Despite fluctuations, TRON maintains its significance in the cryptocurrency market. Currently valued at $0.1198 with a 3.58% increase today, TRON has shown positive performance, signalling its growth potential. Besides, TRON has experienced gains for 17 days, covering 57% of the period.
Moreover, the token aims to decentralize internet infrastructure, allowing creators to share their content freely. TRON empowers digital content creators to own, create, and store data through blockchain technology. A greed index of 72 gives the token a negative outlook. However, TRON still maintains considerable liquidity, which is supported by its market capitalization.
Moreover, recent updates indicate significant engagement on the TRON platform. The token boasts a total transaction surpassing 7.5 billion. Also, TRON has recorded over 226 million accounts, highlighting its growing transaction activity and user base.
🧐Check out #TRON Highlights from this week (Apr 20, 2024 – Apr 26, 2024).
🙌We'll update you on the main news about #TRON and #TRON #Ecosystem. So stay tuned, #TRONICS! pic.twitter.com/Uy0X9Vxvzq
— TRON DAO (@trondao) April 27, 2024
Looking ahead, Tron’s technical analysis indicates a potential uptrend with a price target of $0.125. The token’s potential for high returns, strong community backing, and resilience make it an altcoin worth considering.
4. Brett (BRETT)
Brett (BRETT), a meme coin making waves in the crypto market, is currently priced at an attractive $0.02858. Despite a recent dip, the community remains bullish about the token’s future. This resilience in the face of market volatility demonstrates the coin’s potential and the strong backing it has from its community.
Moreover, Brett’s ATH is $0.08617, currently 43.09% lower, providing a perfect entry point for investors. The current price is significantly lower than its all-time high, which could be an excellent entry point for investing in Brett. Moreover, it has shown remarkable resilience, 5,686.46% higher than its all-time low. This impressive recovery from its all-time low demonstrates the coin’s potential for growth.
Let's fire it up 🔥
Brett treasury just burned $500,000 worth of tokens
First of many. pic.twitter.com/Ubc7spZ201
— Brett (@BasedBrett) April 26, 2024
Glimpsing predicts Brett could reach between $0.2972 and $0.6766 in 2024—Brett’s performance and future. The potential for high returns, coupled with its strong community backing and resilience in the face of market volatility, makes the token a compelling choice for new and seasoned investors.
5. EOS (EOS)
The price of EOS has surged to $0.877799, indicating a substantial increase. Over the last day, it rose by 1.64%, and its market cap grew by 1.45% to $984,462,903. Besides, the trading volume skyrocketed by 318.22%, reaching $436,866,201.
Furthermore, EOS is trading 2.66% above the 200-day SMA, which is $0.855979. It experienced 15 green days in the past month, accounting for 50% of the total, hissing a positive trend. EOS maintains high liquidity, reassuring investors, given its market cap.
Despite EOS’s negative sentiment, the Fear & Greed Index scores 72 (Greed). This score demonstrates increased token transactions, suggesting a potential shift towards an uptrend. Also, this potential offers hope for more favourable market sentiment and positions EOS among the upcoming cryptocurrencies ready for growth.
The #EOS Community Conversations is live 🥳
Join the party and learn about the most epic advancements in the $EOS ecosystem over the past week 🚀
Join Now 👇https://t.co/O2KVsAvIEv pic.twitter.com/QfEvvQBW4I
— EOS Network Foundation (@EOSNetworkFDN) April 25, 2024
EOS, backed by a solid foundation and a dedicated followership, holds promising prospects. With potential collaborations with other networks, the coin’s price is predicted to surpass $3.52 by 2025, demonstrating a notable profit potential.
When the current bullish trend in the crypto market continues, analysts predict the average price of EOS will hover around $3.19 by 2024, strengthening the investment outlook. However, in the event of a decline in the crypto market, EOS could plummet to as low as $2.99 in 2024, signifying the need for prudent optimism.
6. Ankr (ANKR)
Traders are closely watching ANKR’s continuous upward movement. With the coin’s transactions increasing, investors are bullish on Ankr. This surge in sentiment has pushed the Greed score to 81, signalling extreme greed among traders and investors.
Furthermore, ANKR has seen an impressive 90% surge since its breakout, leading to substantial profits for investors who monitored the token. Ankr Network is trading at $0.04967 after a 3% seven-day surge. Over the past year, the price has increased by 64%, demonstrating its upward momentum.
Moreover, Ankr Network is trading 101.69% above the 200-day Simple Moving Average at $0.028143. This SMA indicates a strong bullish trend. The altcoin has also seen 21 green days out of the last 30, further supporting its positive momentum.
It has never been easier for developers and organizations to deploy
🔴 OP chains ⛓️ with Ankr RaaS 🔵
Ankr is empowering the next wave of web3 developers looking for innovative scaling solutions.
💻 Developers can take advantage of @Optimism's ironclad security and deploy… pic.twitter.com/ijXWhvLREa
— Ankr (@ankr) April 26, 2024
As a result, the daily close price has consistently exceeded the daily open price. With high liquidity, ANKR allows investors to capitalize on the bullish momentum in the market.
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