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With the Bitcoin Halving event approaching, the Altcoin market cap is pegged at 309.979B, witnessing a decline from yesterday. However, experts suggest that investors are investing in Bitcoin ahead of the Halving event. As expected, post-halving usually ushers in the Altcoin season.
On this note, investors are buying the dip, given a significant profit in the next bull. InsideBitcoins offers valuable insights by highlighting a range of noteworthy altcoins that merit investor attention.
6 Best Altcoins to Invest in Right Now
Investors are directing their attention towards tokens such as Core, Maker, and Bittensor, seeing them as promising investment opportunities in anticipation of the next bullish market cycle. This increased interest strengthens investor confidence, prompting them to assess and adjust their portfolios.
At the same time, Bitcoin Minetrix has captured substantial market interest, securing an impressive $12,820,184 in funding during its ongoing presale phase. Meanwhile, crypto bulls see $400M liquidations as Solana and Dogecoin lead slide in majors.
1. Core (Core)
CORE is topping the gainers on several exchanges after soaring to a 52-week high of $3.68. This price movement marked an impressive gain of $36.3 within just a day. Consequently, Core’s breakout has sparked speculation of a significant recovery.
The Core token initiated a recovery process in late March, bouncing back from a support level of $0.534. Within a fortnight, it experienced a staggering 547% increase, reaching approximately $3.5 in trading value.
As of today, the price of Core DAO stands at $3.47, showcasing a 24.48% intraday surge. The trading volume followed a similar trajectory, surging by 56.49% to $692,957,902.
1/ #CoreIgnition has entered a new phase, opening doors to all who wish to join the BTCfi revolution. No invite codes needed, just open https://t.co/NxO5ZFsDQA and explore the Core ecosystem 🔶 pic.twitter.com/tXtsrlsoXf
— Core DAO 🔶 (@Coredao_Org) April 1, 2024
Core has printed 17 green candlesticks in the last 30 trading days, with the closing price exceeding the opening price. Additionally, it has outperformed 51% of the top 100 crypto assets over the past year.
Core is trading 391.65% above its 200-day Simple Moving Average (SMA) at $0.703124, suggesting strong market momentum. Moreover, its high 24-hour volume-to-market cap ratio of 0.0368 indicates ample liquidity relative to its market capitalization.
2. Bittensor (TAO)
After the AI and gaming market frenzy cooled, Bittensor is staging a comeback, potentially due to the Bitcoin Halving drawing closer. TAO’s price surged by 11.61% intraday, reaching $564.05.
Market capitalization also increased significantly by 11.13%, soaring to $3,661,331,084. Additionally, trading volume surged by 64.43%, totaling $75,208,998 over the same period. In line with this, TAO’s market sentiment is bullish, with the Greed score of 79 pointing towards active token transactions.
Another indicator of Bittensor’s positive performance is its 200-day Simple Moving Average, currently trading at a remarkable 359.04% above the SMA of $122.07. Furthermore, Bittensor’s price has skyrocketed by 798% over the last year. On this note, it has bettered the performance of 92% of the top 100 crypto assets, including Bitcoin and Ethereum.
3. Maker (MKR)
Maker seeks to improve the blockchain space with a reported plan to invest $600 million in DAI into USDe and staked USDe (sUSDe). Utilizing the DeFi lending protocol, Morpho Labs, this move aims to drive growth for Ethena Labs. Meanwhile, this news has received positive market attention, with Maker gaining 2.14% in the last trading session. Investors are bullish on MKR, with the Greed score indicating growing investor transactions.
Meanwhile, Maker has a negative yearly inflation rate of -5.42%, a deflationary trend that could increase the token’s value. MKR trades above its 200-day simple moving average after experiencing 19/30 green days. Moreover, Maker’s liquidity, indicated by the 24-hour volume-to-market cap ratio of 0.1151, underscores its strong position.
Maker has deployed a 100-million DAI Direct Deposit Module to Spark's sUSDe/DAI and USDe/DAI markets on Morpho Blue, enabling overcollateralized scalable liquidity for users interested in increasing their exposure to Ethena’s assets.
Through @sparkdotfi, we collaborated with… pic.twitter.com/AEZlUASGsT
— Maker (@MakerDAO) March 29, 2024
Maker DAO’s strategic investment in USDe and sUSDe through Morpho Labs signals a proactive approach to capitalizing on the current market. This move will contribute to further growth and development within the Ethena Labs ecosystem and reinforce Maker’s position within the DeFi space.
4. Bitcoin Minetrix (BTCMTX)
The Bitcoin cloud mining landscape has faced challenges. It has been plagued by scams and unreliable operators making false promises of high returns. These issues have cast doubts on the legitimacy of cloud mining as a viable investment option.
In response, Bitcoin Minetrix is revolutionizing the cloud mining sector with its innovative Stake-to-Mine mechanism, driven by smart contracts. Operating on Ethereum, Bitcoin Minetrix enables users to stake and burn tokens to earn mining hash power. This creates a secure and efficient ecosystem that tackles the shortcomings of traditional cloud mining.
Furthermore, the project has garnered significant market attention, raising an impressive $12,820,184 during its current presale phase. With a total stake of 760,577,896 BTCMTX tokens, Bitcoin Minetrix offers estimated 55% per annum rewards. The current rewards are set at 158.5 per ETH block.
Just 3 days remaining until Stage 35 of #BitcoinMinetrix wraps up! ⏳
Do you think government regulations have a significant impact on #Bitcoin mining? 🏛️ pic.twitter.com/aiLtMxZy7h
— Bitcoinminetrix (@bitcoinminetrix) April 2, 2024
As Stage 35 of Bitcoin Minetrix’s presale enters its final phase, investors have three days before the price increase. Hence, this presents an opportunity to capitalize on the current token price.
Visit Bitcoin Minetrix Presale
5. Bitget Token (BGB)
Bitget Token’s resurgence has seen it break the $1.094976 mark after a northward movement over the past seven days. Notably, BGB hovers near its cycle high at $1.094930, approaching its ATH at $1.151110. A new all-time high is on the horizon as investor sentiment remains bullish.
This sentiment is accompanied by an extreme greed rating of 79, suggesting the rally to continue. Meanwhile, BGB is 138.79% higher than the 200-day SMA, which is $0.458521. This consistency underscores its robust performance and steady upward trend. Over the last 30 days, Bitget Token has recorded 16 green days, constituting 53% of the period.
🔥 More than 29M $BGB and 31M $USDT have been staked for $DOPE farming in #Bitget Launchpool.
Don's miss out and get your share of 3,333,330 DOPE now: https://t.co/snY74q8hXR@myDopamineApp pic.twitter.com/QZb8SF2UrJ
— Bitget (@bitgetglobal) April 2, 2024
Moreover, its price has surged by 173% in the past year, outperforming 67% of the top 100 crypto assets. Impressively, it has also outshone Bitcoin and Ethereum in this regard. With high liquidity based on its market cap, Bitget Token presents a proposition for investors.
6. Pocket Network (POKT)
Pocket Network (POKT) is powering through, surpassing the critical $0.25 resistance barrier with a massive surge in trading volume. With eyes now set on the $0.50 mark, driven by the DePIN narrative, investors anticipate another significant rally.
Moreover, Pocket Network trades at an impressive 309.67% above its 200-day Simple Moving Average (SMA), standing strong at $0.051874.
The latest update shows Pocket Network’s price is $0.212953, marking a 5.29% increase over the past week. Also, POJT’s intraday trading volume has skyrocketed by 321.98% to $6,309,798, indicating intensified market activity.
POKT has printed a 387% gain on a YTD basis, bettering Bitcoin and Ethereum performance-wise. This surge in price and trading volume underscores the growing momentum behind Pocket Network.
This Week In POKT
• Two protocol parameters were updated to create SPACE for new Chains & Gateways.
• The proposal to upgrade POKT DAO's Governance model hit the forum.
• A call to action went out to the creative minds within the community through a new bounty. pic.twitter.com/5wJYmnkGI4
— POKT Network (@POKTnetwork) March 30, 2024
Furthermore, this price rise is propelled by the DePIN narrative and escalating investor interest. As the project continues its upward trajectory, attention shifts toward its potential to reach new milestones. Therefore, investors closely monitor its progress as it charts its course toward the $0.50 mark.
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