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The cryptocurrency market is still bumpy after the Bitcoin halving, with some coins struggling to bounce back. Bitcoin (BTC) is inching closer to $60,000, hoping to find support for its next big move. Investors need to stay alert during this consolidation phase as it could be a chance to catch a ride on a rising trend.
Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. Prices of these assets are climbing, even before the market fully takes off. The objective is to identify the best altcoins investors can invest in.
6 Best Altcoin to Invest in Now
Chiliz is experiencing an upward trend in the short term, trading over 550% above its launch price. The token also trades 10% higher than the 30-day value at $0.1148. Meanwhile, AKT’s impressive 9% surge in seven days signals a distinct shift in investor sentiment toward the token
Furthermore, Solana’s recent blockchain ventures are gaining notice. Among them is Mega Dice (DICE), a gaming and gambling token swiftly gaining popularity since its presale commenced. Mega Dice has raised over $900,000, indicating significant interest in this novel concept.
1. Jito (JTO)
Jito’s team has announced the development of the “Eigen Layer of Solana” project. The project aims to replicate the success of the Eigen project’s layer solutions. If Jito’s team can successfully launch the project, it could generate similar excitement and attention, which saw the token’s price go on an insane rally.
Meanwhile, last week, the token recently emerged as the top DeFi protocol on the Solana network. It closed the week with a total volume locked (TVL) of $1.04 billion. This considerable upswing incited a significant explosion in the Jito token price, which rose by 8.5% during the week.
Nevertheless, the restaking protocol has yet to gain notable traction. Also, Jito’s recent airdrop has no significant impact on its short-term performance. Over the last 30 days, Jito’s token has seen 17 days of positive price movement, reflecting robust momentum and attraction.
The climb to 20M $SOL continues.
Up and to the right infinitely pic.twitter.com/PASGXHHOgs
— Jito (@jito_sol) May 10, 2024
The token is trading at $3.75, indicating a 20.89% increase over the last month and a 130% YTD uptick. Market sentiment toward Jito’s price prediction remains bullish, aligned with a Fear & Greed Index score of 68 (Greed). Moreover, the token boasts high liquidity, as evidenced by its market capitalization.
2. Jupiter (JUP)
Jupiter allows users to swap any token and cclAsset easily. The flexibility and accessibility of this function within the platform enhance its adoption. This integration also streamlines swapping several assets, making it more convenient and cost-effective for Jupiter users.
Furthermore, Jupiter provides essential liquidity infrastructure for the Solana ecosystem. The token has seen a significant rise in its price amid a bullish market for altcoins. Over the past month, it has experienced a 5.45% increase, bringing its market capitalization to $1.53 billion. This surge in value has positioned JUP’s price at $1.07, with a trading volume of $272.67 million over the last 24 hours.
Meanwhile, the token recently announced an integration with Clone. This collaboration enables users to trade non-native assets on the Solana Blockchain. Tokens such as DOGE, ARB, and OP can be effortlessly traded with minimal fees without bridging these assets.
Analysts are bullish on Jupiter’s price prediction, predicting the token’s value to surge as high as $2 if the current upswing trend continues. Similarly, Jupiter’s key hurdle to scale is overtaking its critical resistance level. If the token breaks through this resistance, the price may skyrocket.
Today, we are excited to kick off the next round of LFG!
Expect to meet the candidates over the next week, and the vote will be on 22nd May!
This round comes with a few key changes, with the goal of implementing the lessons learnt from the past votes and community feedback to…
— Jupiter 🪐 (@JupiterExchange) May 10, 2024
Moreover, the JUP token’s price has risen to 34,205.23% above its 200-day Simple Moving Average (SMA). This considerable increase reflects the heightened interest and trading activity surrounding Jupiter. Investor sentiment towards Jupiter remains optimistic, as evidenced by a Fear & Greed Index reading of 68, indicating a state of greed within the market.
3. Chiliz (CHZ)
Chiliz has collaborated with Azuro to drive the adoption of on-chain sports prediction markets. This partnership aims to introduce fair and transparent prediction apps. The prediction app is expected to enable users to support their favorite teams and athletes globally.
The project has also partnered with SBI Holdings to introduce fan tokens to the Japanese market. This move aims to enhance the sports experience for Japanese enthusiasts. It allows them to participate in governance through token-based voting and engaging activities on the platform.
Furthermore, the strategic partnership with SBI Holdings, which boasts millions of customers, reflects a promising future for Chiliz. Through this collaboration, SBI’s CEO, Fernando Luis Vazquez, expressed interest in enhancing Japan’s sports and entertainment sector.
Chiliz and Atlético de Madrid expand their partnership and launch pioneering Fan Token integration 🤝
This move marks the beginning of a new stage in which Fan Token utility will expand beyond the @Socios App, unlocking benefits and rewards across a wide range of platforms and…
— Chiliz ($CHZ) – The Sports Blockchain ⚽🏆 (@Chiliz) May 13, 2024
Despite a recent price drop, Chiliz has shown resilience with a 30-day and post-launch surge of 10% and 580%, respectively, at $0.1148. The sentiment around Chiliz’s price prediction is bullish, indicating positive investor sentiment. Trading above its 200-day simple moving average and with high liquidity based on market capitalization, Chiliz remains one of the best cryptos to buy now.
Furthermore, Chiliz boasts over 82 fan tokens and has established global partnerships with 150 sports organizations. Operating through Socios.com, which integrates a Web3 wallet and an engagement platform, Chiliz is poised to expand its reach significantly with the SBI partnership, particularly in Japan.
4. Akash Network (AKT)
Akash Network has experienced notable developments recently. On March 18, AKT began trading on Coinbase. Furthermore, last week, Akash deployed Llama 3 70B on its network. The project described this model as “the most capable openly available AI model.” it also uploaded its protocol on Mainnet earlier today.
Consequently, Akash Network responded positively to these developments, posting a 9% gain within the last seven days. The token trades at $5.23, a 1515.6% YTD surge. This increase happened alongside a massive spike in trading volume, which rose by 1,500% to $74.9 million.
The AKT cryptocurrency initially rose by over 6% to $5.4. During this rise, the token converted its significant historical resistance at $5.8 into a strong support level, currently preventing a decrease. The increase in AKT’s value coincided with Upbit announcing the listing of the AKT token, generating significant trading activity and investor interest.
Akash Network’s price surge occurred suddenly, with the token rising from $3.0082 to $5.4. This rapid increase led to a price correction, stabilizing AKT around the $5.09 support level. However, some analysts believe further correction could return the token to previous levels.
Akash provides permissionless access to a wide range of compute resources at extremely competitive pricing.
As the general awareness of Akash grows, there are many emerging dynamics that uniquely position the network to bring compute resources to market and serve users around… https://t.co/1dL9SrUDqU
— Akash Network (@akashnet_) April 30, 2024
Traders are now examining technical indicators and signals to predict AKT’s future price movements. For instance, the token’s Relative Strength Index (RSI) reached an exceptionally high value of 97.77, indicating overbought conditions. Subsequently, the RSI decreased to 72.95 as of now.
While the declining RSI suggests profit-taking among traders, the wide Bollinger bands present a bullish signal. Traders may opt to buy AKT at its dip, potentially driving its price back up or maintaining it above $5.
5. Mega Dice (DICE)
Mega Dice, an established casino, has raised over $900,000 in its presale for the new $DICE token, which aims to transform GameFi. This token rewards current users and attracts new ones, playing a crucial role in Mega Dice’s gamification plan. Remarkably, Mega Dice plans to become the pioneer in crypto casinos, offering daily rewards based on platform performance.
Solana’s recent blockchain ventures are gaining notice. Among them is Mega Dice (DICE), a gaming and gambling token swiftly gaining popularity since its presale commenced. Mega Dice has raised over $900,000, indicating significant interest in this novel concept.
The Mega Dice presale has been remarkably successful thus far. The project has achieved a substantial funding milestone, demonstrating a strong demand for its token. Due to their accessibility and limited availability, people are keen to acquire $DICE tokens.
At present, each $DICE token is priced at $0.069. Those interested can link their wallets and swap SOL, ETH, or BNB for $DICE tokens. Mega Dice has sold $13,944,394 worth of $DICE to date.
Another massive #BIGWIN on #hopnpop by @hacksawgaming 🤯 💰
This #MegaDice player won €50 332.50 with a €25 wager 🎰
Watch the BIG win here 👀 pic.twitter.com/FYll2xYiwl
— Mega Dice Casino (@megadice) May 14, 2024
Meanwhile, they have allocated 15% for player airdrops, 15% for liquidity pools, and 15% for the Casino’s $DICE pool. Another 10% will serve as rewards for token stakers, and the remaining 10% is earmarked for marketing and other agreements.
Mega Dice ensures that the presale is inclusive. Post-presale, they aim to list $DICE tokens on decentralized exchanges (DEXs), potentially enhancing their popularity.
6. Unus Sed Leo (LEO)
Unus Sed Leo is an innovative project offering unique features such as a cash-back program and limited supply. Since its launch, LEO has been integrated into several platforms. Due to its in-built burning protocol, the token has a low circulating supply. The artificial scarcity ensures the coin enjoys continuous price growth.
Furthermore, the cryptocurrency provides charge savings based on the user’s LEO holdings. Meanwhile, the team remains dedicated to expanding the network’s services. Due to iFinex’s significant market experience, the Unus Sed Leo ecosystem is brimming with leadership and a clear route plan.
The coin has acquired the confidence of investors around the world. Another key factor driving the coin’s expanding user base is its market performance. LEO has maintained a 2.73% stability since the week kicked off, it trades at $5.92.
Good morning! 🌅
Did you know? We don’t just deal in crypto; we’re all about F R E E D O M !
Read our manifesto, and find out what we are all about.https://t.co/RsKLrWsUX1
— Bitfinex (@bitfinex) May 13, 2024
Meanwhile, LEO holders are structuring their portfolios ahead of a proposed partnership deal. The token displays robust resilience, with the Fear and Greed Index registering 76. Notably, a whale recently made a massive investment into Kelexo (KLXO), sparking discussion in the crypto space. This new venture pioneers a new use case in an industry worth more than $2.7 trillion.
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