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6 Best Altcoins to Invest in Now May 5 – Chainlink, Avalanche, Sei, Arweave

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As the cryptocurrency market continues to develop, investors need to understand each digital asset’s characteristics and potential benefits. It is crucial to analyze the top tokens that investors can look into.  To do this, it is necessary to consider their market trends and the factors contributing to their uniqueness as potential investments in the market. 

Meanwhile, 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 

99Bitcoins is changing the crypto space. The innovative project integrates a “Learn-to-Earn” strategy with blockchain blockchain technology. Users engage in interactive lessons and quizzes to earn $99BTC tokens. 

Furthermore, holding $99BTC provides additional benefits, including staking rewards and personalized lessons. Investors also gain access to free trading exposure, signals, and VIP community groups. Below is an overview of 99Bitcoins and the next cryptos to explode.

1. Chainlink (LINK)

The proportion of profitable LINK supply rebounded from 70% to 84% over the past few days. This uptick indicates that investors have started to show confidence in Chainlink’s potential. Meanwhile, the token’s price is trading at $14.25, displaying an intraday uptrend of 1.07%.

Furthermore, Chainlink demonstrated impressive growth last year, with its price surging by 116%. It outperformed 58% of the top 100 crypto assets during this period. Also, Chainlink boasts significant liquidity, as evidenced by its market cap over the past few days. 

Chainlink price chart

Moreover, Chainlink’s price recently surged by 20%. This uptick was primarily influenced by broader market revitalization after the Bitcoin halving event. As a result, approximately 82.18 million LINK tokens, valued at around $1.3 billion, returned to their previous supply levels following a temporary decrease. 

The Relative Strength Index (RSI) currently sits below 30, indicating oversold conditions, which could lead to a price increase. Additionally, Chainlink has shown positive performance compared to its token sale price and has yielded positive returns in USD, BTC, and ETH.

2. Dogwifhat (WIF)

Despite broader crypto market fluctuations, $WIF continues to attract significant interest and remains under bullish influence. The token’s 24-hour price chart further demonstrates that this bullish sentiment might continue, leaving no space for bears to interfere with its upward trajectory. 

Furthermore, WIF’s price consistently maintains its upward climb. This increase demonstrates resilience even when other major cryptos are trying to break out of their downward spiral. At the time of writing, dogwifhat is priced at $3.44, signifying a substantial 4.71% uptick over the previous 24 hours. Considering its reliable performance history, WIF demonstrates the potential for steady growth.

Dogwifhat price chart

Meanwhile, WIF trades close to its cycle peak, benefiting from sufficient liquidity as demonstrated by its market capitalization. Analysts are positive about the token, with some predicting it could reach $5 by the end of 2024.

Moreover, investor confidence in the crypto market direction may fuel further interest in coins like WIF. Also, WIF’s past achievements and ongoing development efforts make it a potentially promising investment choice.

3. Sei (SEI)

Sei is revolutionizing digital asset management with various innovative products tailored to meet the changing needs of investors and businesses. From managing bitcoin portfolios to tokenized assets, Sei’s approach simplifies processes, reduces complexity, and enhances accessibility for investors of all levels.

Moreover, Sei’s integration of Binance Pay into its ecosystem has further boosted SEI’s real-world utility. Users can now conveniently make payments using SEI.

Also, Orand has announced it will use Sei’s technology to offer faster speed, lower fees, and fair randomness generation for gaming apps. It will also use Orochi Oracle to provide data for Sei’s dApps.

Sei price chart

Consequently, the price of SEI has responded favorably to these developments, as it has gone up by 6949.2% since its launch. This is impressive given that its price has fluctuated recently, indicating it is experiencing both rises and falls, showing alternating impulsive and corrective movements.

However, if SEI reaches $0.75, it could result in further increases.  If the token goes ahead and breaks this price barrier, it could aim for $0.88. Conversely, if it drops, support at $0.47 is crucial, with more robust support at $0.33. Short-term averages around $0.61 suggest stability, and an RSI near 57 indicates balanced buying and selling.

Sei’s increased functionality might drive up its token value by 37.71% to $0.8903, making it a promising cryptocurrency investment option.

4. Avalanche (AVAX)

Avalanche has recently integrated with Stripe, a popular payment processor. The collaboration brings a new level of convenience when purchasing AVAX and other tokens. It also allows retail users in the United States to buy AVAX using familiar payment methods like debit and credit cards.

The integration with Stripe is facilitated through a customizable widget embedded into Avalanche dApps such as decentralized exchanges (DEXes), non-fungible token (NFT) platforms, and digital wallets. It also addresses the “cold start problem” often encountered by Web3 platforms, where users may lack sufficient funds in their wallets to engage in transactions.

Avalanche price chart

Furthermore, Stripe manages essential aspects of the payment process, including KYC checks, fraud prevention, compliance, and payment handling. This partnership further enhances the user experience by simplifying the onboarding process and extending accessibility for users looking to participate in the Avalanche ecosystem.

The integration has been implemented within Core, the native ecosystem wallet and portfolio developed by Ava Labs. Core users can now use the Stripe onramp to fund their wallets seamlessly, supporting ACH transfers and card payments.

Despite recent price fluctuations that have seen AVAX hovering around $30, there are indications of stabilization at this level, suggesting a potential turning point. This stability is considered a critical zone for buyers seeking to prevent further declines and initiate a recovery.

In addition, there is growing sentiment within the community that AVAX could surpass the $50 mark. Today, AVAX is trading at $33.43, which is a 4% increase over the previous 24 hours. This metric indicates considerable liquidity based on market cap and positive performance compared to its token sale price.

5. Arweave (AR)

Despite fluctuating market conditions, Arweave has displayed a strong resilience with a notable increase in value over the previous day. The token’s price jumped 15% over the last month to trade at $36.51. As the token continues to trade above the $36 mark, investors remain confident that it will maintain that support level and surge even higher in the coming days.

Meanwhile, Arweave recently launched ArweaveEco on HackMD. This development allows users to decentralize their documents permanently. Consequently, users’ documents will remain accessible to all while staying unchangeable, which interests cryptocurrency fans.

Arweave price chart

Arweave’s price went up by 16% compared to Bitcoin in the past 24 hours. Despite a downward trend earlier, AR showed a solid upward turn, suggesting more people are buying. The 50-day Exponential Moving Average (EMA), a tool for spotting trends, indicates a positive outlook for the altcoin this week.

Moreover, the MACD shows a consistently green histogram, signaling a solid upward movement. The Relative Strength Index just crossed the neutral 50-point mark. If the market stays above $36.50, buyers might aim for resistance levels at $38.00 and then $48.00. These levels are significant because they could slow or reverse the upward trend.

AR is still catching the eye of investors. In response to Bitcoin’s recovery, AR surged 3.66% in 24 hours, claiming the top spot. If Bitcoin stabilizes above $60,000, AR’s movements might get more robust.

6. 99Bitcoins (99BTC)

99Bitcoins launched its cryptocurrency, the 99Bitcoins token (99BTC). The token rapidly raised over $790k hours into its presale. This development demonstrates the tokens’ potential. Moreover, investors still have the opportunity to purchase tokens at the initial price of $0.00102, although rates are expected to increase over time gradually.

Moreover, a presale limit of $10.3 million incentivizes investors to acquire discounted 99BTC tokens before the price increases. These tokens fuel the Learn-to-Earn platform, where users are rewarded for learning about cryptocurrencies. As funding milestones are achieved, the price of 99BTC gradually increases.

Furthermore, the innovative Learn-to-Earn concept incentivizes users to educate themselves about cryptocurrency, providing benefits to token holders. Also, 99Bitcoins intends to enhance the learning experience by gamifying Bitcoin education. Users who complete challenges and lessons earn higher rankings and $99BTC tokens as rewards.

Conversely, the project explores the potential effect of Bitcoin halving events and has attracted a broad audience across various platforms. The token distribution allocates 10.5% for presale, 14% for staking rewards, and portions for development, community rewards, liquidity, and marketing.

Subsequently, the token has launched a giveaway on its platform. Participants can win free Bitcoin from a $99,999 BTC prize pool, with over 4,000 entries. Also, token holders participating in the presale can benefit from holding 99Bitcoins tokens.

Visit 99Bitcoins Presale

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