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Investors are diversifying their portfolios with promising tokens as the market rallies, and several tokens are printing massive gains. With major market players seemingly inaccessible, altcoins present enticing investment prospects for smart market entry.
However, selecting the most suitable altcoin demands dedication and extensive research. This article identifies several standout altcoins for investors to consider, streamlining the decision-making process.
5 Best Altcoins to Invest in Right Now
As the altcoin season approaches, Theta Network, eCash, and Starknet emerge as standout options, offering unique features and promising market prospects. Additionally, Bitcoin has surged to a record high above $69,000 due to sustained demand for ETFs. This development has reignited optimism among investors in the altcoin space, leading to active portfolio updates.
1. Theta Network (THETA)
The Theta Web Wallet has undergone a significant upgrade. Users can now swap TFUEL and TNT20 tokens directly within the wallet through ThetaSwap. Likewise, investors can stake in various Theta ecosystem projects such as LavitaAI, PogDigital, and ThePassaways.
While this upgrade has not directly affected its price, Theta’s market performance has been noteworthy. Theta Network gained over 30% in the last intraday trading session, entering today’s top gainers. The coin has been northbound over the past seven days, growing by 50% to strengthen its bullish momentum.
Meanwhile, increased coin transactions have pushed its Fear/Greed Index to 90. This indicates extreme greed among investors. Over the past year, Theta Token has seen a staggering price increase of 196%, outperforming 70% of the top 100 crypto assets during this period. Moreover, it trades significantly above its 200-day simple moving average (SMA) at $1.056770.
Along the positive lines, Theta Token has recorded 19 green days out of the last 30 days, indicating a bullish trend in the short term. Additionally, it boasts high liquidity based on its market cap, with a 24-hour volume-to-market cap ratio of 0.4579.
Using Theta Network's cutting-edge AI computing technology, @LavitaAI is building a new era of privacy preserving, AI-powered healthcare data platform powered by Theta EdgeCloud.
Learn more at https://t.co/J77eclJ8tj pic.twitter.com/LSgZcLbHIW
— Theta Network (@Theta_Network) March 2, 2024
Therefore, bullish momentum will continue if the market maintains the price above the support level of $3.010. This could lead to a test of the resistance level at $3.388. Sustaining this price level could pave the way for Theta Token to challenge its upper resistance level of $3.80 by the weekend. On this note, investors are closely monitoring the coin.
2. eCash (XEC)
The eCash ecosystem is taking steps toward enhancing user experience and adoption. The Cashtab Wallet has implemented several vital improvements to streamline transactions and reduce fees.
Importantly, upgrading the ecash-coin select library now supports eToken transactions, enhancing the wallet’s functionality. This upgrade optimizes transaction construction and enables lower fees for Cashtab users. Specifically, users holding more than 1 million GRP eTokens now benefit from a minimum fee of 1.0 sat/byte, ensuring cost-effective transactions.
Also, the upgrade of the Chronik-client backend is nearing completion. Anticipated benefits include improved load times and reduced app size. These enhancements are poised further to enhance the overall user experience within the Cashtab ecosystem.
Meanwhile, the eCash community continues to witness remarkable growth, as evidenced by the recent milestone of surpassing 70,000 followers on CoinMarketCap. This surge in community engagement aligns with the impressive performance of eCash in the market.
Moreover, XEC’s price movement has been impressive, gaining 60.38% in the last 24 hours to reach a value of $0.00007872. Market capitalization also grew substantially by 60.43% to reach $1,519,461,559. Furthermore, trading volumes experienced a remarkable surge of 1408.22%, totaling $1,607,640,775.
The growth continues at an unstoppable pace! 🚀
🥳 Our official @CoinMarketCap community has just hit an incredible milestone of 70,000+ followers! 🙌
💪🏻 #eCashArmy Let's keep building and growing together! $XEC 🔥 pic.twitter.com/EXh2L8RmjY
— eCash (@eCashOfficial) March 5, 2024
Therefore, Analysts maintain a bullish sentiment toward the eCash price prediction. This view is well supported by a Fear & Greed Index reading of 90, indicating extreme market greed. Over the past year, eCash has outperformed 63% of the top 100 crypto assets, demonstrating its resilience and potential for growth.
Furthermore, technical analysis reveals that eCash trades 151.90% above its 200-day simple moving average (SMA). With 19 green days recorded in the last 30 days, representing 63% of the period, eCash demonstrates consistent positive momentum.
3. Starknet (STRK)
Starknet, a decentralized ZK-Rollup built on Ethereum, has unveiled its latest upgrade schedule for version v0.13.1. This update aims to enhance the network’s capabilities, particularly by extending support for RPC 0.7 in new full-node versions. The Sepolia Testnet will kick off the upgrade on March 5, the Goerli Testnet on March 6, and the Mainnet on March 12.
Furthermore, Starknet’s TVL has hit an ATH of $190.24 million as interest and activity within the ecosystem increases. STRK has been northbound in its intraday movement, rising by 23% to $2.32. Similarly, STRK’s market cap rose to $1.64 billion, ranking 64.
The teams at @StarkWare and @HerodotusDev have teamed up to introduce a new Cairo Verifier for devs to craft customizable L3 appchains on Starknet in the near future.
Want to know more?
Dive into the details with Raz from StarkWare & @0xmarcello, Herodotus CTO.📅March 7th
⏲️… pic.twitter.com/KXgLkZMTFo— Starknet 🦇🔊 (@Starknet) March 5, 2024
In addition, STRK’s trading volume has been flooded by green candlesticks, rising by 260% to $850 million. These developments highlight the growing momentum behind Starknet, showcasing its progress and increasing adoption within the crypto community. Investors and enthusiasts are closely monitoring these upgrades and performance metrics as Starknet continues to solidify its position in the decentralized finance (DeFi) landscape.
4. eTukTuk (TUK)
The eTukTuk presale has gained substantial momentum, surpassing $1,711,416 in funds raised. This web3 startup is attracting considerable attention from investors. This is primarily due to its alluring opportunity to purchase and stake tokens for 142% APY. At the current token price of $0.02775, investors are eyeing potential future value surges as the project progresses.
The eTukTuk protocol is dedicated to advancing green initiatives through innovative approaches, notably utilizing AI-driven efficiency. Central to its operations are TUK tokens, which play a vital role in optimizing transportation routes. This ultimately reduces traffic congestion and fuel consumption and promotes sustainable transport practices.
1/ Buckle up!
The automotive industry is on the brink of an electric revolution.
From US $278.7 billion in 2022 to an astounding US $72,798 billion by 2050, the Global EV Market is not just growing; it's rewriting the rules of the road 🌐🔋 pic.twitter.com/gwH9G8fk81
— eTukTuk (@eTukTukio) March 5, 2024
Furthermore, eTukTuk’s commitment to eco-friendly innovations extends to supporting green transportation through AI research, aligning its presale efforts with environmental objectives. The project is at the forefront of pioneering smart infrastructure utilizing AI-enhanced blockchain technology. This drives real-time green initiatives.
5. Optimism (OP)
OP’s price has recently surged as the popularity of L2 scaling solutions has grown. Being one of the top L2 solutions, its token has greatly benefited from the increased market interest. Optimism boasts a Total Value Locked (TVL) of $1.027 billion, showing increased trader involvement. Hosting 97 protocols, including well-known names like Synthetix, Uniswap, and VELO, Optimism has become a key player in the DeFi space.
According to its official statistics, Optimism has saved users $3 billion in gas fees, handled $2 billion in on-chain value, and processed over 141 million transactions on its mainnet. These numbers highlight the platform’s efficiency and scalability in handling Ethereum transactions.
The recent record-high price of OP tokens indicates a prevailing bullish sentiment around the token and its ecosystem. Currently trading at $4.42, it has gained 13.12% in 24 hours. Moreover, the token has consistently grown, with a 13% surge over the past week, 14% in the past two weeks, and 30% in the past 30 days.
It has also had an impressive 84% surge since the beginning of the year. OP is trading 177.80% above its 200-day Simple Moving Average (SMA) of $1.598170, showing strong market momentum. With 18 green trading days in the last 30 days, Optimism’s performance reflects sustained positive investor sentiment.
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