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The approaching Bitcoin halving has caused a buying frenzy, reflecting investors’ confidence in exploring promising tokens with growth prospects. This increase signals a bullish trend, driving attention toward Altcoins among investors seeking diverse investment opportunities.
Nevertheless, choosing the right altcoin requires careful research and due diligence. Therefore, this article aims to streamline the process by highlighting several noteworthy altcoins deserving investors’ consideration.
6 Best Altcoins to Invest in Right Now
Tokens such as Conflux, ONDO, and Litecoin are attracting significant attention as promising investment opportunities ahead of the anticipated altcoin season. This surge in interest is propelling investor confidence, prompting them to reassess and adjust their investment portfolios actively. Additionally, there is a notable emergence of new Bitcoin whales within the corporate sector.
1. Conflux (CFX)
Conflux Network recently kickstarted an innovative collaboration with XLinkbtc. This partnership aims to bridge their high-speed blockchain with innovations in Bitcoin Layer 2. Ultimately, it seeks to aid developers and fortify the interconnected blockchain ecosystem network.
Simultaneously, Conflux Network has partnered with fintech firm AnchorX to launch a stablecoin pegged to the Hong Kong dollar, named “AxHKD.” Conflux’s CEO, Fan Long, disclosed in an exclusive interview with The Block that the AnchorX team is putting in the effort to ensure the swift launch of the AxHKD stablecoin.
In light of this, CFX trades green candlesticks, printing an impressive 19% gain to hit $0.526987. This intraday surge further solidifies its bullish sentiment. Additionally, the Greed score of 74 suggests sufficient buying pressure, with investors anticipating the next bull run. Notably, Conflux has experienced a remarkable 62% surge in price over the past year, aiming to sustain this positive run.
Our Co-Founder @FanLong16 shared exclusive insights on the all-new Hong Kong dollar-backed stablecoin in an exclusive chat with @TheBlock__ .https://t.co/k34hlOuY6y
Get the scoop on #AxHKD's beta-testing phase and its imminent launch in Q2! @AnchorX_Ltd #Conflux #AnchorX
— Conflux Network Official (@Conflux_Network) March 22, 2024
Moreover, CFX is positioned above its 200-day simple moving average, highlighting its bullish trajectory. Over the past 30 days, Conflux has seen 18 green days, further reinforcing its upward momentum. Trading near its cycle high of $0.545633, Conflux boasts high liquidity owing to its substantial market capitalization. With these metrics, experts anticipate that CFX’s current momentum will continue in the short term.
2. ONDO (ONDO)
ONDO has been on a northbound trajectory, ignited by BlackRock’s application to establish the BlackRock USD Institutional Digital Liquidity Fund. This move has injected a bullish sentiment into the crypto market, with ONDO riding this wave. This trend is mainly propelled by BlackRock’s collaboration with Securitize, which focuses on tokenization. Moreover, this collaboration hints at a potential interest in real-world assets (RWAs), aligning with Ondo Finance’s core services.
Due to this development, ONDO has surged 60% in value. Currently trading at $0.800937, ONDO has shown a 9.96% increase in the last 24 hours. As a result, investors are bullish on the coin, suggesting that the positive will persist. In addition, the Fear & Greed Index registers at 74, indicating a state of greed in the market.
Ondo Foundation would like to note in advance to the community that, in the near future, and on an ongoing basis, there will be a variety of large $ONDO transfers from escrow particularly related to:
(1) delivery of ONDO to private investors in Ondo Finance
(2) delivery of ONDO…— Ondo Foundation (@OndoFoundation) March 19, 2024
Furthermore, ONDO is trading near its all-time high and boasting high liquidity based on its market cap. Thus, there’s anticipation for further surges in its price this week. In addition, projections potentially reaching the $1 mark are underway. This trend reflects the growing interest and confidence in Ondo Finance, especially considering its alignment with BlackRock.
3. Litecoin (LTC)
Coinbase has plans to introduce cash-settled futures contracts for Litecoin, Dogecoin, and Bitcoin Cash, improving its bid for global expansion. This news has increased LTC’s price, signaling market acceptance. Besides, after closing with green candlesticks for 19/30 days, Litecoin has emerged among the top trending coins today. With a successful outing in the last 24 hours, LTC surged by 3.99%, reaching $89.77. This positive momentum also pushed its market cap by 3.57%, settling at $6,681,602,967.
Moreover, with buying pressure increasing in the past 24 hours, LTC’s trading volume soared by 17.16% to $583,603,655. Notably, this surge in trading activity indicates renewed investor interest and confidence in LTC. Meanwhile, a Greed score of 74 and bullish investment sentiment further increase appetite toward the token.
Coinbase has unveiled plans to introduce cash-settled futures contracts for Litecoin, this initiative marks a significant expansion of Coinbase’s product line. If no objections arise, from the CFTC, trading would commence the first week in April! #Litecoin⚡️ $LTC…
— Litecoin (@litecoin) March 24, 2024
Furthermore, technical analysis indicates LTC’s strong performance, highlighted by a 19.54% position above its 200-day SMA. This positive trend reflects the coin’s stability amidst market fluctuations. Like Bitcoin, Litecoin was designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology. Hence, its similar use case presents it as a worthy portfolio addition for the upcoming bull run.
4. Synthetix (SNX)
Synthetix is on an upward trend, with a 3.57% increase pushing its price to $4.54. This rally is due to some notable news and recent token ecosystem events. One such is Synthetix’s recent partnership with PYTH Network for Governance Distribution over the next four weeks.
Furthermore, this week saw the burning of $983k worth of sUSD in trading fees. Synthetix Perps accounted for 93% of these fees on Optimism, with the remaining 7% occurring on the Ethereum mainnet.
Meanwhile, Synthetix Perps V3 is also live on Base with the Andromeda Release. Despite constrained LP & OI caps, the protocol recently achieved $20m in daily trading volume on Base. Integrations from Kwenta, Polynomial, and Infinex enhance user experience, prioritizing account abstraction and introducing CEX-like onboarding features.
Throughout the next four weeks, Synthetix will facilitate the $PYTH Governance Distribution to encourage the Synthetix community to participate in @PythNetwork governance and strengthen the relationship between Synthetix and Pyth Network.
You may be eligible for the Pyth… pic.twitter.com/rOYDvNIIld
— Synthetix ⚔️ (@synthetix_io) March 22, 2024
In light of this, Synthetix continues to innovate and expand its offerings, positioning itself as a key player in the growing DeFi space. With this in mind, Synthetix remains a project for crypto investors to watch.
5. 5th Scape (5SCAPE)
5thScape, a cutting-edge online VR gaming platform, is making strides with its innovative approach to virtual entertainment. Hence, 5thScape offers the 5SCAPE Coin to transform user experiences within virtual worlds.
In its ongoing Presale Stage 2, 5thScape has achieved a significant milestone by securing an impressive funding of $2.3. This remarkable achievement underscores the robust interest from investors in the project’s potential. With a listing price of $0.01 per 5SCAPE Coin, early investors have a substantial potential upside of 365.12%.
5thScape, the cutting-edge crypto project poised to revolutionize augmented and virtual reality, offers investors an opportunity to dive into the future of immersive gaming.
With plans for innovative VR hardware and a diverse range of games, including Cage Conquest and Epic… pic.twitter.com/FaIicOGq3w
— 5th Scape (@5th_scape) March 23, 2024
Moreover, projections indicate that the next price point for the 5SCAPE Coin is expected to be $0.00248, presenting an additional potential increase of 15.35%. This suggests a favorable opportunity for investors to capitalize on the current price before the subsequent rise.
6. AIOZ Network (AIOZ)
AIOZ Network has surged impressively, marking a successful intraday trading session. Its price increased by 4.97% to reach $0.935496 over the past 24 hours. This surge aligns with a bullish sentiment prediction for the AIOZ Network. In addition, the Fear/Greed score of 74 indicates a prevailing greed sentiment among investors.
Notably, AIOZ has achieved remarkable growth over the past year. It boasts a staggering 2,719% increase in price, outpacing 96% of the top 100 crypto assets, including Bitcoin and Ethereum. AIOZ is trading above its 200-day simple moving average, indicating ongoing positive performance compared to its token sale price.
Furthermore, trading data shows that AIOZ is nearing its cycle high, demonstrating strong momentum in its market trajectory. This surge is likely propelled by AIOZ Network’s partnership with Alibaba Cloud to enhance DePIN capabilities and reach within the APAC region.
We're excited to announce that @AIOZNetwork and @alibaba_cloud are joining forces to enhance #DePIN capabilities and reach within the APAC region! 🤝
More info below👇
This partnership will see the launch of a DePIN Alliance in SEA, aimed at enhancing services related to AI,… pic.twitter.com/f9XVUUAzZb
— AIOZ Network (@AIOZNetwork) March 22, 2024
With a current trading price of $0.981921, AIOZ presents an intriguing opportunity for investors’ smart market entry. AIOZ Network’s consistent positive performance and bullish sentiment make it a coin to watch.
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