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The market’s positive outlook has led to a notable increase in investor confidence. This surge indicates investors’ eagerness to explore various promising tokens with potential growth, with expectations of bullish trends. Consequently, Altcoins have become increasingly appealing to investors looking for diverse investment opportunities.
However, selecting the most suitable altcoin demands careful attention and extensive research. This article aims to simplify the decision-making process by spotlighting several noteworthy altcoins worthy of consideration for investment.
6 Best Altcoins to Invest in Right Now
The upcoming Bitcoin halving scheduled for April has generated excitement within the blockchain and cryptocurrency community. This event is highly anticipated for its potential impact. Altcoins like Toncoin, ORDI, and Mask Network are attractive investment options. This renewed interest in alternative cryptocurrencies is boosting investor confidence, leading many to review and modify their portfolios actively.
1. NEAR Protocol (NEAR)
NEAR Protocol is making significant strides through notable partnerships, welcoming Fraxfinance onto its network as it shifts into a non-EVM environment. This collaboration improves diversity within NEAR’s stablecoin ecosystem and opens new avenues for DeFi and yield-bearing assets.
In recent weeks, NEAR Protocol has experienced a bullish trend. Its price surged from $2.97 to $7.16, and this rise was accompanied by a remarkable increase in market capitalization from $3.08B to $ 7.74 B. A substantial portion (18/30) of its trading days) saw gains as the token consistently traded above its 50—and 100-day EMAs. Hence, experts anticipate a further climb to $8.32 by Q2 of 2024.
The NEAR Ecosystem welcomes @fraxfinance on NEAR as it takes its first major leap into a non-EVM environment.
This move increases diversity in the stablecoin landscape on NEAR, among other novel unlocks for DeFi and yield-bearing assets on NEAR.
Let's. Fraxin. Go.
Read more:… pic.twitter.com/FsW7YTXR8y
— NEAR Protocol (@NEARProtocol) March 14, 2024
This upward trajectory is fueled by NEAR’s upcoming participation in Nvidia’s AI conference. This move promises valuable insights and potential partnerships, which are expected to influence NEAR’s market performance positively. Meanwhile, historical data indicates the impact of partnerships and exposure at industry events.
2. Toncoin (TON)
Toncoin is gaining traction with its vision of establishing a comprehensive market ecosystem. This ecosystem comprises decentralized services, an anonymous network, and an affordable instant payment platform. Meanwhile, Toncoin has recently moved into the limelight, and its market performance is growing significantly.
Telegram announced its intention to host an initial public offering (IPO) just days ago. This announcement had a notable impact on Toncoin’s performance. The token witnessed a remarkable surge.
TON’s market cap increased by over 60%, propelling it from approximately $9 billion to over $15 billion. Concurrently, trading volume spiked by 55.05%, reaching $152,519,505 within 24 hours. As a result, Toncoin has emerged as one of the top market performers.
Furthermore, Toncoin is considering surpassing its all-time high of $4.50, which has yet to be attained since November 2021. Sentiment analysis indicates a bullish outlook for Toncoin. This coincides with a Fear & Greed Index reading 77, signifying growing coin transactions.
🚀 We are excited to announce the official launch of @TONHackerHouse in Hong Kong on April 4th!
Register now to join 100+ devs at the forefront of Web3, competing for a $1.5M prize pool.
👉https://t.co/cVESgRUHme pic.twitter.com/7VXqt7DSaT
— TON 💎 (@ton_blockchain) March 18, 2024
Moreover, additional indicators show Toncoin’s upward trajectory, including a 63% increase in value over the past year. Additionally, it has consistently traded above the 200-day simple moving average. Moreover, 17 consecutive green days were observed when the daily close price exceeded the daily open price. In the last 30 days alone, Toncoin closed higher than its opening price on 57% of occasions.
3. Sponge V2 (SPONGE V2)
Sponge V2 emerges as a promising transition from its predecessor, Sponge V1, offering enhanced features and utility. This innovative Stake-to-Bridge approach allows users to actively participate in the evolution of the Sponge ecosystem while earning rewards.
With a robust reward structure, Sponge V2 offers attractive incentives for token holders. The projected aAPY of 173% and total staked tokens of 9,328,896,965 reflect the potential for significant returns.
In the roadmap outlined by the Sponge team, key milestones include the launch of Sponge V2 and listing on prominent exchanges. In addition, it will develop the P2E game and achieve a $100M market capitalization. These milestones signify the project’s commitment to growth and expansion.
$0.0045 next? 👀🚀 $SPONGE
— $SPONGE (@spongeoneth) March 14, 2024
Investors can anticipate heightened activity and market presence as Sponge V2 progresses through its stages, including the announcement, staking initiation, token claiming, and listing phases. Its strategic roadmap and innovative offerings reinforce the project’s vision to become a dominant player in the meme coin community.
4. Mask Network (MASK)
The MASK token, MASK, surged by over 30% in value following a recent announcement of a staking rewards program. This program, designed to solidify user engagement and promote decentralized technologies, offers MASK holders additional benefits from the network’s leading partners and projects.
Mask Network introduced this new staking program to demonstrate its dedication to its community, collaborators, and allied endeavors. Participants holding MASK tokens stand to receive extra tokens as a reward from the key partners and projects connected with Mask Network.
The network’s ecosystem has significantly expanded, with Bonfire Union backing over 120 initiatives. Additionally, Mask Network has launched the third phase of its Web3 Social Ecosystem Grant, supporting 33 projects, further accentuating its commitment to the Web3 space.
We are excited to announce the upcoming $MASK staking!
Individual hodlers may stake their $MASK tokens for the opportunity to receive additional tokens from our core partners and fast-growing projects under our ecosystem. More details are coming soon.https://t.co/RLH9jPrN2j
— Mask Network (mask.io) (@realMaskNetwork) March 18, 2024
Following the announcement of the staking program, the price of MASK surged over 30%, reaching as high as $5.248. MASK stands at $5.02 at the time of writing, reflecting a 16.19% increase in the last 24 hours.
Moreover, it trades above the 200-day simple moving average, demonstrating positive performance compared to the token sale price. Additionally, there have been 17 green days in the last 30 days, indicating days where the daily close price was above the daily open price, accounting for 57% of the time. Furthermore, it boasts high liquidity based on its market cap.
5. Echelon Prime (PRIME)
PRIME has printed by 15.27% in the last 24 hours, hitting $24.81. This renewed investor confidence is mirrored by a significant increase of 14.99% in market capitalization, now at $651,072,692. In line with this, there has been a substantial surge of 125.96% in 24-hour trading volume, reaching $32,838,699.
In the past 30 days, Echelon Prime has experienced 19 green days, constituting 63% of its trading period, affirming its consistent positive performance. Additionally, its high liquidity, evidenced by its substantial market capitalization, underscores its attractiveness to investors.
𝗚𝗮𝗺𝗲𝗽𝗹𝗮𝘆 𝗘𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀
Distributing gameplay emissions to @ParallelTCG players with 1+ $PRIME in winnings as of March 14, 2024.Gameplay emissions are sent on @base. pic.twitter.com/dbVdVtil6D
— Echelon (@EchelonFND) March 15, 2024
Riding on this momentum, analysts predict a bullish trajectory for Echelon Prime, with a target price of $34. This optimism is further bolstered by the Fear & Greed Index, which registered at 77, indicating extreme greed among investors. Furthermore, Echelon Prime maintains its position above the 200-day simple moving average, currently trading 502.15% higher, signaling a robust upward trend.
6. ORDI (ORDI)
With the market in a green mode, ORDI is emerging as a significant player with northbound movements. ORDI currently stands at $66.15, reflecting a 3.23% increase in the last 24 hours. This uptick signals a bullish sentiment among investors, as the Fear & Greed Index currently sits at 77, indicating extreme greed.
Furthermore, ORDI trades well above its 200-day simple moving average, currently at $13.55. This positions Ordinals remarkably at 387.18% above the 200-Day SMA, showcasing its robust performance. In addition, the token’s high liquidity is evident through its substantial market capitalization.
With its solid fundamentals and strong community support, ORDI presents promising potential for future growth. Hence, analysts predict that collaborations with other networks could propel the coin price to $152.51 by 2024. This projection showcases confidence in ORDI’s trajectory, emphasizing its position for further success.
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