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Stakeholders have started to pay more attention to interoperability and tokenizing real-world assets. The values of these altcoins are surging despite the bearish sentiment of the market. The objective is to identify the best altcoins investors can invest in.
With the excitement building for this year’s bull run, investors need to know the significant altcoins poised for gains in the market. This article overviews altcoins gaining popularity in the growing crypto market. These coins have unique features and the potential to generate massive gains for investors.
6 Best Altcoin to Invest in Now
Maker’s holders are structuring their portfolios ahead of a proposed partnership deal. The token displays robust resilience, with the Fear and Greed Index registering 76. Meanwhile, Bonk’s impressive 9% surge in seven days signals a distinct shift in investor sentiment towards the token.
Furthermore, Solana’s recent blockchain ventures are gaining notice. Among them is Mega Dice, a gaming and gambling token swiftly gaining popularity since its presale commenced. Mega Dice has raised over $1 million, indicating significant interest in this novel concept.
1. Maker (MKR)
Maker has seen notable growth in recent periods, mainly due to strategic moves by its co-founder Rune Christensen. The token’s value surged approximately 20% after Christensen exchanged large quantities of Shiba Inu and Lido DAO tokens for MKR. This move garnered attention and bolstered MKR’s market value within the Ethereum ecosystem and the broader market.
Meanwhile, Maker’s current price of $2,852.34 reflects a 5.71% increase in the last 24 hours and a 5.88% gain over the past week. Furthermore, Maker’s price surged over the previous year, soaring by an impressive 426%. This performance exceeds 82% of the top 100 crypto assets.
The sentiment surrounding Maker’s price prediction is currently neutral, with a Fear & Greed Index at 70, indicating investor sentiment of ‘Greed.’ Moreover, it trades significantly above its 200-day Simple Moving Average (SMA), marking a 59.83% increase.
As part of Maker's Endgame Plan, the Lockstake Engine will be introduced as a future initiative designed to significantly incentivize active participation in governance following the launch of the NewGovToken.
The Lockstake Engine will allow NewGovToken and MKR holders to lock… pic.twitter.com/I44nsPnK2d
— Maker (@MakerDAO) May 17, 2024
Moreover, analysts are optimistic about the token’s future if it establishes strategic partnerships with other projects. Projections indicate that the maximum price of MKR could exceed $5,219.23, with an average price of around $4,654.96 by the end of 2024.
2. Internet Computer (ICP)
Internet Computer has attracted significant interest within the crypto community due to its unique approach to decentralization. Despite recent market challenges, the token has displayed a positive trend, with a 4.07% increase in value over the past day, building on a 12.69% gain over the week.
Over six months, ICP has shown remarkable growth, appreciating by 172.78%. The 14-day Relative Strength Index (RSI) is 35.67, indicating a neutral market sentiment and potential sideways trading in the near term. Technically, ICP is undergoing a corrective phase following its recent upward movement.
Furthermore, breaking through the immediate resistance level of $14.84 could signal a return to bullish momentum. ICP is trading 4.61% above its 200-day Simple Moving Average (SMA), which is $11.52.
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Compared to its token sale price, ICP has demonstrated positive performance and boasts high liquidity based on its market capitalization. Analysts predict further upward movement for ICP this year. The projected average price is around $26.02, with a potential maximum of $30.17 if the current growth trajectory continues.
3. Tron (TRX)
TRX has held steady at $0.1180 and is now moving upward. Its strong performance above $0.120 has caught the eye of investors. TRX is anticipated to approach the $0.1250 mark soon. It could gain momentum towards $0.1275 and even $0.1320 if it breaks through the resistance level.
Furthermore, the token focuses on entertainment in the decentralized web space. Its value increased by 81% in the past year, showing more interest. The total value locked on TRON has also been growing steadily, making it more useful for DeFi.
Over the past month, TRX rose by more than 13.6%, going from $0.12 to its current value. Its highest-ever recorded price stands at $0.23. Recently, cryptocurrency markets have been volatile, with Tron’s performance standing out.
.@googlecloud has joined as a TRON Super Representative candidate! 😎
With the integration of BigQuery, we're pushing the boundaries of blockchain innovation and driving mainstream adoption.#TRONICS, let's keep on #BUIDLing! 💪 pic.twitter.com/0Ejc27D4zP
— TRON DAO (@trondao) May 18, 2024
Furthermore, TRX has surged past the $0.1220 resistance mark and is keeping pace with Bitcoin’s progress. Analysts are hopeful that TRX might exceed $0.1270. TRX is currently valued at $0.1245 and has a market cap of $11 billion, putting it in 13th place. It competes closely with Solana, indicating its potential to grow five times and become a top crypto investment.
4. Mega Dice (DICE)
Mega Dice, an established casino, 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 $1 million, 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 $0.075. Those interested can link their wallets and swap SOL, ETH, or BNB for $DICE tokens. Mega Dice has sold 16,365,288 worth of $DICE to date.
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.
5. 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 19 days of positive price movement, reflecting robust momentum and attraction.
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— Jito (@jito_sol) May 16, 2024
The token is trading at $4.69, indicating a 17.89% increase over the last seven days and a 2% 24-hour 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.
6. Bonk (BONK)
BONK continues to display bullish sentiment despite a bearish market. It is supported by a Fear & Greed Index reading of 70 (Greed). The token has also posted 26 positive trading days out of the last 30.
These positive metrics reflect optimism among investors. Technical analysis indicates potential for further growth. Notably, it is performing better than leading cryptocurrencies like Bitcoin and Ethereum.
Bonk’s 130% price explosion recently demonstrates a notable shift in investor sentiment towards higher-risk assets. This exceptional performance, surpassing meme coins like Dogwifhat and Shiba Inu, indicates growing confidence among investors in the meme sector.
Everywhere you look you see The Dog https://t.co/iyVjEtHmgQ
— BONK!!! (@bonk_inu) May 18, 2024
As of the latest trading data, Bonk is priced at $0.00002481 and has experienced an impressive upward movement of over 3.36% in the past 24 hours. This contributes to an overall positive trend in the market and underscores Bonk’s recent momentum, with a remarkable gain of 77.49% and 5712% over the past thirty days and one year, respectively.
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