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The market outlook showcases greed as investors actively add prospective coins to their portfolios. As upward trends continue with sustained green candles, altcoins are emerging as prime candidates for investment.
However, selecting the right altcoin for your portfolio demands dedication and research. To streamline this process, Insidebitcoins identified some standout altcoins that investors should consider now.
6 Best Altcoins to Invest in Right Now
As Bitcoin approaches the $50,000 mark amidst a surge in spot ETF investments, attention is now focused on specific tokens for their investment potential. Solana, ORDI, and Neutron are standout altcoins, offering distinctive attributes and promising market outlooks.
1. Neutron (NTRN)
Neutron (NTRN) has seized the spotlight in the crypto market, sparking investor interest with notable performance. After a significant dip, the altcoin has embarked on a consolidation phase, capturing the interest of many observers. Over the past week, Neutron has demonstrated a remarkable 26.66% increase, signaling a potential recovery.
Neutron is valued at $1.310874, marking a 17.62% increase in the last 24 hours. In addition, market sentiment remains positive, with trading activity approaching its peak. Moreover, the Fear/Greed score currently stands at 79, reflecting high investor optimism. Also, Neutron’s current trading position is 31.58% above its lowest point, indicating strong liquidity.
Governance Update ✴️
🔗 Neutron
📣 Proposal 30 – List Noble USDC as gas token
🏁 Vote Ended 9th February 2024
✅ PassedRead More Here 👇https://t.co/Fuya3e5qIg pic.twitter.com/QSqCccnUJ1
— Neutron ✴️ (@Neutron_org) February 12, 2024
Neutron’s recent performance indicates a growing interest among investors. Hence, many anticipated the eventual breakthrough above the critical $1.182 mark, which currently trades at $1.31. Neutron continues to gain market momentum while withstanding market fluctuations. Therefore, traders are optimistic about NTRN offering returns as the coin positions itself as an asset worth monitoring.
2. ORDI (ORDI)
ORDI draws inspiration from Bitcoin’s success as it has been Northbound in recent trading sessions. With a limited supply of 21 million, ORDI’s value has surged this year. This rally is capturing the attention of investors seeking growth opportunities. Upon analysis of charts, trading volume, and market activity, ORDI appears poised to reach the $90 mark.
Currently priced at $70.97, it has experienced a 16.12% increase in the last day alone. As a result, it has propelled its market capitalization up by 15.94% to $1,488,186,498. With trading volume soaring by 187.98% to $382,158,157, investors want to capitalize on ORDI’s upward momentum.
Moreover, ORDI’s price prediction is filled with optimism. This is further backed by an extreme greed index of 79 as investors are actively updating their portfolios with ORDI. On the same note, the coin is positioned above its 200-day simple moving average and nearing its cycle high.
Also, ORDI demonstrates strong liquidity, supported by its presence on Binance. A circulating supply of 21 million tokens further adds prominence to the Bitcoin (BRC20) Tokens sector. With a solid foundation and a dedicated crypto community, ORDI shows promise for significant growth in the future. Hence, speculation suggests potential collaborations with other networks could propel ORDI’s price to surpass $152.51 by 2024.
3. eTukTuk (TUK)
eTukTuk token’s presale is gaining momentum, recently surpassing $971,000 in funds raised. Investors are eagerly engaging in this sustainable transportation-focused web3 startup’s presale, anticipating a potential surge in token price as it progresses to the next stage. Currently priced at $0.0265, $TUK tokens are expected to experience an increase in value.
The eTukTuk protocol is committed to advancing green initiatives through innovative solutions. Notably, it utilizes AI-driven efficiency, where $TUK tokens power advancements in optimizing routes. This helps to reduce traffic congestion and minimize fuel consumption, ultimately promoting sustainable transport.
Moreover, eTukTuk champions eco-friendly innovations by supporting green transportation through AI research. Importantly, this aligns its presale efforts with environmental goals. The project also pioneers smart infrastructure utilizing AI-enhanced blockchain technology, further advancing real-time green initiatives.
"Breakout crypto eTukTuk is working on improving urban transportation in developing nations with electric vehicles and blockchain technology." – @cryptonews
Read more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024
Overall, the eTukTuk token’s presale continues to generate excitement among investors. Moreover, its focus on sustainable urban transportation and promising blockchain-powered solutions attracts attention, reflected by its growing community.
4. Beam (BEAM)
Investors are closely watching Beam’s moves as it continues showcasing its gaming sector dominance. With over 2 million transactions processed, Beam’s reliability and appeal within the gaming community is gaining. This signals blockchain’s increasing importance in this space and hints at deeper integration in the future.
Moreover, the platform’s influence is growing, evidenced by the staggering number of over 653,000 addresses associated with Beam. This surge in community support reflects a high level of trust in the platform. Equally, it paves the way for further innovation and collaboration opportunities.
Meanwhile, Beam has achieved a total value locked (TVL) of $5.8 million. This showcases a gradual but consistent upward trajectory. Furthermore, it signifies Beam’s potential for continued growth. In addition, it positions the coin to capture a larger share of the industry’s value as it expands its reach and evolves.
State of the network ❇️
Total transactions: 2,011,377
Latest block: 1,530,789
Total addresses: 653,000+To view the current state of the Beam mainnet and testnet, you can always check 👇 https://t.co/NOM3PbD60w pic.twitter.com/rkhu28YAb7
— Beam (@BuildOnBeam) February 12, 2024
On this note, the sentiment surrounding Beam’s price prediction remains bullish. This is further supported by the Fear & Greed Index, which currently sits at 79, indicating extreme greed among investors. Besides, with 16/30 days marked by green price movements, Beam demonstrates high liquidity based on its market cap.
5. Dymension (DYM)
Recent analysis indicates that Dymension is consolidating after the recent uptrend. This period typically precedes significant growth, with the project aiming to achieve a $10 price target. Despite the consolidation, DYM’s market cap is $1.05 billion, reflecting investor confidence.
Although Dymension experienced a drop from its all-time high of $8.33 to $7.18, investors remain upbeat about the coin. This positivity is supported by a Fear & Greed Index reading of 79, indicating extreme greed in the market. Moreover, Dymension’s debut on the interchain further solidifies its potential for sustained upward momentum.
Moreover, DYM’s intraday trading volume stands at $121.15 million, suggesting ongoing interest and activity in the project. With the potential for collaborations with other networks on the horizon, analysts predict that the maximum price level of Dymension’s native coin (DYM Coin) could surpass $11.35 by 2024.
Governance is live on the Portal!
127K votes so far on proposal #1https://t.co/07PsNKdITt pic.twitter.com/34VURr9yYv
— Dymension (@dymension) February 12, 2024
Furthermore, in a bullish crypto market scenario, DYM’s average price is anticipated to hover around $10.13 by 2024. These projections are based on Dymension’s strong fundamentals, community support, and potential network collaborations. This makes it a project worth monitoring for potential growth opportunities.
6. Solana (SOL)
All eyes focus on Solana as it continues to display positive trends. A substantial SOL transfer of over $180 million has recently captured traders’ interest. This move comes amidst a significant upsurge in the crypto market, with SOL emerging as a standout performer.
Over the past 24 hours, SOL has experienced a remarkable surge, climbing from $95.55 to over $100. On this note, analysts anticipate its prospects, attributing this growth to ongoing developments within the Solana ecosystem. As of today, the price of SOL stands at $113.44, marking a notable 9.40% increase within the last day.
Building in web3 should be easy⚡️
With token extensions on Solana, you can build advanced use cases quickly — and get time back to focus on your product.
Dig in: https://t.co/zNw9qWfXu2 pic.twitter.com/qB6p6cpKS7
— Solana (@solana) February 9, 2024
Moreover, SOL trades above its 200-day simple moving average, reinforcing its positive trajectory. Compared to the token sale price, its performance remains favorable, indicating strong investor confidence. Also, SOL has experienced 17 green days in the last 30 days, accounting for 57% of the period.
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