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With the upcoming Bitcoin halving set to start in 25 days, buying pressure is increasing as investors look to update their portfolios. This move reflects investors’ bullish optimism, prompting them to explore promising tokens with growth potential. On this note, attention is drawn to Altcoins as investors seek varied investment avenues.
However, selecting the appropriate altcoin demands thorough research and diligence. InsideBitcoins eases the process by spotlighting several notable altcoins worthy of investors’ attention.
5 Best Altcoins to Invest in Right Now
Investors increasingly focus on tokens like IOTA, Injective, and Fetch.ai, viewing them as lucrative investment prospects in anticipation of the upcoming altcoin season. This heightened interest bolsters investor trust, prompting them to review and refine their investment portfolios actively.
The presale of eTukTuk has exceeded $2.4 million, drawing in investors with its aim to revolutionize transportation systems in developing areas. Additionally, Bitcoin has surged by 7%, reclaiming the $70,000 mark to kick off the week.
1. Fetch.ai (FET)
Since the turn of the year, AI tokens have grown in adoption due to their increasing use cases and projects. In light of this, the AI space has hosted advancement events like the NVIDIA Artificial Intelligence conference in San Jose, California. Several AI tokens, including Fetch.ai, renowned for its versatility, have benefitted from this attention.
Moreover, with the increased fanfare around AI tokens, FET has been moving northbound on a YTD. In the last intraday session, Fetch.ai experienced a significant increase of 12.26%, trading at $2.83.
Furthermore, FET’s consistent upward trend has led to a 697% price rally over the past year. Due to this impressive performance, FET has outperformed 91% of the top 100 crypto assets, including BTC and ETH. Likewise, Fetch.ai’s current trading position is 232.60% above the 200-day simple moving average, indicating sustained positive momentum.
Along trading lines, Fetch.ai’s performance remains robust, closing 17/30 days with green candlesticks. In addition, it’s trading near its cycle high of 2.93% and boasting high liquidity based on its market cap. On this note, market experts anticipate further growth for Fetch.ai. This prediction is mainly attributable to promising developments and the anticipation of an impending bull run in the crypto market.
Yesterday, the https://t.co/kJ9URVpOul team had a wonderful time at the @EconomistEvents Business Innovation Summit #EconBIS.
We'd like to thank everyone who came and showed interest or listened to the AI Agent-focused panel that our CEO & Founder @HMsheikh4 participated in 👋 pic.twitter.com/lmHULE4NXX
— Fetch.ai (@Fetch_ai) March 22, 2024
Predictions suggest that Fetch.ai could surpass $4 and reach $4.14 by 2024. These forecasts reflect the growing confidence in the Company’s trajectory. Hence, investors are closely monitoring the project to see how it unfolds.
2. Injective (INJ)
Despite its early stage in the blockchain domain, Iinjective has garnered substantial attention. The project has attracted numerous DeFi initiatives to enhance its ecosystem’s foundational infrastructure. Moreover, the project DeFi space is rapidly expanding, with recent successful funding rounds highlighting its significance.
Furthermore, the project has initiated new collaborations with Noble and Clusters. Injective’s partnership with Noble means it gains direct access to the USDC issued on the platform. Hence, users can now access native USDC via various dApps across the ecosystem, including HelixApp. Additionally, the official integration of Injective and Clustersxyz allows for a unified identity across Ethereum, Injective, and Solana.
These partnerships have generated buzz around the INJ token, leading to a 9.33% increase in value. Injective is currently trading at $40.35, with a 24-hour trading volume of $700.75 million. Meanwhile, sentiment analysis suggests a bullish outlook, suggesting that the uptrend will persist. As a result, the Greed score has increased to 81, signaling increased buying pressure.
As a result of the recent integration with @noble_xyz, Injective gains direct access to USDC issued on the platform ⚡️
Users can access native USDC via a number of dApps across the ecosystem such as @HelixApp_.
Details 👇https://t.co/IP1Tut5MwU
— Injective 🥷 (@injective) March 25, 2024
Likewise, Injective is trading 266.48% above the 200-day simple moving average. This demonstrates positive performance compared to its token sale price and trading near its cycle high. Additionally, it holds the 4th position in the AI crypto sector, boasting high liquidity based on its market cap.
3. THORChain (RUNE)
The recent rally in the crypto market has propelled THORChain alongside, surging towards its all-time high. Despite a brief dip below the $11 mark, THORChain swiftly rebounded before returning to the $7.63 price. Nonetheless, RUNE’s 594% over the past year, coupled with a remarkable performance in 2024, positions it as one of the crypto market’s top gainers.
THORChain is trading at $9.64, marking an 11.95% intraday increase. Moreover, THORChain’s market sentiment is bullish as a Fear/Greed score of 81 shows increased token transactions. Moreover, THORChain has outperformed 87% of the top 100 crypto assets in the past year, surpassing Bitcoin and Ethereum.
Trading above the 200-day simple moving average, THORChain boasts positive performance compared to its token sale price. This performance signifies 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. On this note, experts predict it could surpass the $11 threshold to retest its all-time high of $19.
THORChain continues to demonstrate sustainability.
In the last 2 years from ~10% to ~40% of income from liquidity fees.
Eventually it will be ~100%. pic.twitter.com/zbyDgpZf6V
— THORChain (@THORChain) March 26, 2024
With a market capitalization of $2 billion, THORChain is currently ranked 47th among leading cryptocurrencies. Based on its market cap, the coin has exhibited high liquidity. In addition, there have been 17 green days in the last 30 days (57%).
Despite its recent gains, THORChain has faced fluctuations. However, its resilience and positive performance 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.
4. IOTA (IOTA)
Bloom and Transak have partnered to create a secure wallet hub, simplifying token and NFT trading. The goal is to act as a portal for discovering new decentralized apps (dApps) and optimizing DeFi investments. Through this integration, investors can purchase IOTA directly from Bloom’s user-friendly wallet, which is accessible on Linux, Mac, and Windows platforms.
News of this collaboration has caused an uptick in IOTA’s price. The token trades at $0.367530 after a 12.56% increase over the last 24 hours. Moreover, its price has surged by 79% over the past year, consistently trading above the 200-day simple moving average.
🙌 Exciting news: our #EVM L2 has successfully passed the thorough audit by @zokyo_io. One of the final (and most important) steps to prepare the #IOTAEVM launch! Read it in full⤵️#IOTA https://t.co/knjml1m9ui
— IOTA (@iota) March 26, 2024
Analyzing its recent performance, IOTA has experienced 20 consecutive gains, with 67% of the last 30 days closing higher than opening prices. Its high liquidity, reflected in its market cap, indicates a favorable trading environment. Market sentiment towards IOTA remains bullish, as evidenced by a Fear & Greed Index rating of 81, indicating extreme greed among investors. This sentiment aligns with further upward movement in IOTA’s price prediction.
5. eTukTuk (TUK)
eTukTuk’s presale has surpassed the $2.4 million mark, with investors attracted by its goal of transforming transportation systems in developing regions. Utilizing blockchain technology, eTukTuk is dedicated to improving sustainability within urban transportation networks. Through the integration of AI-driven optimization, the project 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
Furthermore, the eTukTuk presale progresses in stage, with the price of its native token, TUK, incrementally rising as additional funds are secured. With a hard cap target set at $10.7 million, the project is steadfast in its pursuit of achieving outlined objectives. Presently valued at $0.029, TUK tokens are readily accessible for purchase using BNB, USDT, or credit/debit cards.
Moreover, investors also have the opportunity to stake their tokens, potentially yielding up to 105% APY returns. Over 47 million TUK tokens have already been staked, with presale participants receiving 6% of the total 2 billion TUK token supply. Following the conclusion of the presale phase, eTukTuk intends to list TUK on leading exchanges, thereby enhancing liquidity and accessibility for investors.
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