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Historical data from past bull cycles suggests that the Bitcoin rally typically precedes the explosion of the next cryptocurrencies to experience significant growth. However, the current crypto market performance defies popular predictions. This observation explains why many traders believe that funds from the Bitcoin uptrend often rotate into altcoins.
Given the current market dynamics, it’s essential to reassess our predictions. We analyze the performance of several altcoins worth considering. Our primary objective is to identify and give details about potential investment opportunities.
5 Best Altcoin to Buy Now
Helium has introduced Hotspots powered by 5G, facilitating faster speeds and reduced latency. The project’s primary focus is to provide a realistic solution without making exaggerated claims. Also, HBAR experienced a substantial 100% increase, reaching $0.18.
Meanwhile, investors actively seek out crypto tokens that could offer significant returns. Many top trending cryptos in the last seven days are well-established projects. The list also includes 5th Scape, a new cryptocurrency with promising potential in its presale. Details about the project and the opportunities it presents are covered in the updates below.
1. Helium (HNT)
Helium has introduced Hotspots powered by 5G, facilitating faster speeds and reduced latency. The project’s primary focus is to provide a realistic solution without making exaggerated claims.
Helium Hotspots generate HNT tokens, incentivizing owners to maintain and expand the network. Also, holders of HNT tokens can stake them to operate validator nodes, enhancing network security and governance. If it meets every expectation and the market remains bullish, it will be among the upcoming cryptocurrencies to experience significant growth.
HNT trades at $5.30 today, marking a 13.05% increase in the last 24 hours. Its market dominance is at 0.03%, with a notable 124% surge over the past year. Helium’s trading is 83.47% above the 200-day SMA, indicating potential overbuying. Despite a 30-day volatility of 17%, liquidity remains robust, with a volume-to-market cap ratio of 0.0407.
Helium experienced a price drop below the 23.6% zone in the previous week. This downturn was a result of a bearish trend. Buying activity was minimal during this period, with sellers consistently adding short positions. However, the current week marks a positive shift.
🗣️ MOBILE Network HIP 119, Closing Gaming Loopholes Within the MOBILE Network is now open for discussion! 💬
— Helium Foundation 🎈 (@HeliumFndn) April 26, 2024
However, Investors can look beyond the recent bearish trend as analysts predict the trend is temporal. HNT’s price has surged by 126% YTD, outstripping 65% of the top 100 crypto assets. Although sentiment around HNT price prediction is bearish, the Fear & Greed Index registers a reading of 70 (Greed). This index demonstrates increased token transactions, promoting optimism for a potential uptrend.
2. Near Protocol (NEAR)
NEAR Protocol provides a software solution for developers to build decentralized apps. It utilizes sharding to partition the network into segments, enhancing transaction speed and scalability. Each computer, or node, handles a portion of the network’s transactions.
The token has gained a reputation as a rapidly expanding blockchain that has accumulated over $309 million in Total Value Locked (TVL). The token currently ranks among the top 20 valuable digital assets. With a fully diluted valuation of around $8 billion and a daily average traded volume of about $802 million, NEAR is gaining traction.
An analyst noted that the NEAR Protocol shows promise, particularly in comparison to Ethereum, because of its focus on artificial intelligence (AI). Last year, Illia Polosukhin, one of the Co-Founders of NEAR Protocol, emphasized AI as a significant focus for the platform heading into 2024.
NEAR DA heads to @nodekitorg, offering rollup developers the opportunity to unlock data availability that is incredibly fast, cost-efficient, and powered by NEAR.
See for yourself:https://t.co/q0XGWX2616 https://t.co/xRPAYVqPfm
— NEAR Protocol (@NEARProtocol) April 26, 2024
Furthermore, NEAR’s price is $6.84, reflecting a 253.76% YTD increase. Its trading charts indicate a previous resistance level that could become support. According to the Elliott Wave sequence, the trend appears optimistic, with expectations for further highs. The crucial aspect is early involvement, particularly during the ICO phase.
3. 5th Scape (5Scape)
5th Scape is a unique online VR gaming platform. The project seeks to transform user interactions with virtual environments by combining innovation with entertainment. Recent data on virtual reality (VR) gaming demonstrates a steady upward trend, presenting promising opportunities for investors.
Research indicates that revenues in the VR industry will skyrocket to unprecedented levels. With the innovations that the 5th Scape will bring, it has the potential to be one of the next cryptos to experience explosive growth.
Furthermore, the growing demand for immersive experiences and advancements in VR technology will propel this growth. Consequently, analysts and experts anticipate the user base to surpass 6,887 million by 2030, representing a significant increase of 104.9%.
🚀🌐 Meta announces the expansion of its Horizon OS to third-party hardware, meaning it's opening up to ASUS, Lenovo, and Microsoft!
This move aims to provide more options for consumers and create a larger ecosystem for developers in the mixed-reality space. Horizon OS features… pic.twitter.com/3VANaxkq0d
— 5th Scape (@5th_scape) April 25, 2024
Moreover, the token enables users to access premium VR content and enhance gaming experiences. This unique digital currency facilitates special features in games and fosters connections within the platform community, indicating potential growth in VR.
5th Scape has raised $5,676,480 in the ongoing presale, indicating significant investor interest. The coin’s listing price is $0.00327, potentially increasing by 365.12%. Investors may consider taking advantage of the current price before it rises further.
4. Kucoin (KCB)
Although investors have a bearish sentiment towards KuCoin, the token posted a Fear & Greed Index 72, suggesting investor greed. Furthermore, the token trades 4.13% above its 200-day Simple Moving Average (SMA) of $9.50. This SMA indicates a positive trend for the token.
KuCoin has posted a price of $9.95 today, reflecting a 1.78% decrease in the past 24 hours. Furthermore, the token has witnessed a significant 19.44% surge over the last week. With a circulating supply of 96 million KCS, the market capitalization of KuCoin Token totals $950,096,075.
The token displayed a 14-day Relative Strength Index (RSI) of 55.68. This RSI indicates its neutral position, possibly leading to sideways movement in the near term. Over the last 30 days, KCS has shown positive price action on 17 occasions, signifying a 57% positive performance compared to its token sale price.
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— KuCoin Earn (@KuCoin_Earn) April 29, 2024
The recent performance highlights the token’s resilience and potential for future growth. KuCoin Token has exhibited volatility, with short-term declines offset by significant gains over the past week.
5. Hedera (HBAR)
HBAR experienced a substantial 100% increase, reaching $0.18 before crashing to $0.1029. This surge came after BlackRock, a major financial company, announced on April 13 that it would utilize the Hedera Blockchain to tokenize its money market fund. The announcement propelled HBAR’s price, surpassing previous highs in April.
The development led to an explosion in HBAR trading volumes, which reached $2.3 billion. This volume indicates a remarkable 5440% increase. Notably, this is the first time in two years that HBAR has surpassed $0.15.
If the current bullish trend persists, the rally may propel HBAR to all-time highs. The RSI also supports the bullish outlook for HBAR, indicating growing momentum.
#Hedera EVM developers, this is your opportunity to shape the future of tooling on the network 🛠️
Fill out the survey and let’s get #BUIDLing 👇 https://t.co/kuHrdavuUn pic.twitter.com/IvrMdaBGCG
— HBAR Foundation (@HBAR_foundation) April 29, 2024
After testing the $0.1817 mark, HBAR targets a psychological level of $0.2000 or $0.3000 if the bullish trend continues. But, this hinges on HBAR bulls resisting taking a profit.
HBAR exhibits a bullish trend; this is reflected by the MACD line being above the MACD Signal line on the 4-hour chart. Investors can closely monitor the RSI indicator, especially for any narrowing gap between the RSI and its Simple Moving Average (SMA) line.
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