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The market is back rallying, with the memecoin sector and Solana ecosystem currently northbound. This positive outlook has caused investors to intensify their purchasing activity to rebalance their investment portfolios. In addition, this uptick in interest is prompting investors to investigate alternative cryptocurrencies with growth potential, leading to a focus on altcoins.
However, selecting the appropriate altcoin necessitates thorough analysis and research. InsideBitcoins provides valuable guidance by showcasing several notable altcoins worthy of investor consideration.
6 Best Altcoins to Invest in Right Now
Investors focus on tokens like dogwifhat, Solana, and Jupiter, viewing them as promising investment prospects in anticipation of the upcoming altcoin season. This surge in interest bolsters investor confidence, empowering them to evaluate and refine their investment portfolios actively.
The presale of eTukTuk has exceeded $2.6 million, drawing in investors keen on revolutionizing transportation systems in less developed areas. Ethereum leads the NFT market into the weekend, with daily sales surpassing US$11 million.
1. eTukTuk (TUK)
eTukTuk’s presale has surged past the $2.6 million mark, demonstrating robust adoption and signaling a significant milestone for the project. Its core mission is to revolutionize transportation systems in developing regions through blockchain technology. Hence, eTukTuk integrates AI-driven optimization to streamline routes, ease traffic congestion, and reduce fuel consumption.
We've hit a major milestone, raising $2M in our pre-sale!
Thanks to our incredible community for your support.
Rest assured, these funds will fuel our mission for a sustainable future 🚀https://t.co/4kiTWB8U8Z
— eTukTuk (@eTukTukio) March 20, 2024
As the presale advances through stages, the price of its native token, TUK, steadily rises with each additional fund secured. Currently priced at $0.029, TUK tokens are purchasable using BNB, USDT, or credit/debit cards. Moreover, investors can actively stake their tokens, yielding up to 101% APY returns. With over 48 million TUK tokens already staked, presale participants actively receive 6% of the total 2 billion TUK token supply.
Looking forward, eTukTuk actively plans to list TUK on leading exchanges post-presale, thereby enhancing liquidity and accessibility for investors. This strategic move aims to fortify the project’s position in the market and offer broader opportunities for investor participation.
2. dogwifhat (WIF)
Solana’s ecosystem has hit the gas, with Dogwifhat (WIF) leading the charge. WIF is experiencing an uptrend, becoming the meme coin sector’s third-largest coin by market cap. Over the past seven days alone, WIF has skyrocketed by 59%, overtaking PEPE to reach 39th position in the global market cap rankings.
At the time of writing, Dogwifhat commands a price of $4.59, reflecting a 26.84% intraday rally. Moreover, Market sentiment is buoyant, with a 75 Greed score showing a positive investor outlook. In the past month, Dogwifhat has notched up an impressive streak of 17 consecutive green days. During these days, the closing price has consistently outpaced the opening price.
Furthermore, Dogwifhat’s bullishness mirrors its Relative Strength Index (RSI), which remains firmly within the bullish range. Moreover, the Directional Movement Index (DMI) confirms this bullish sentiment, indicating a robust upward trend for the memecoin.
https://t.co/XbgJckNkC3$WIF pic.twitter.com/GpwCzHjAue
— dogwifcoin (@dogwifcoin) March 19, 2024
Therefore, analysts foresee Dogwifhat maintaining its upward trajectory in the days ahead, anticipating a new ATH of $5 in the near term. Similarly, ambitious projections hint at the possibility of reaching a double-digit price before the year’s end. This reflects growing optimism about Memecoin’s prospects.
3. Core (CORE)
Core’s market performance, marked by significant project launches, has propelled it into the spotlight. Recently, the platform launched Core Ignition, a six-month incentive program within the BTCfi ecosystem. The programs aim to increase growth and adoption by rewarding contributions to the Core ecosystem. Meanwhile, this initiative particularly focuses on bridging assets and exploring decentralized applications.
Furthermore, coreBTC was unveiled on Core Chain, enabling users to securely bridge their BTC to a Bitcoin-secured DeFi experience on Core Chain. In addition, coreBTC allows Bitcoin holders to use their assets within Core Chain’s expansive DeFi space. Moreover, it has two primary objectives: maintaining Bitcoin’s trustlessness and security and unlocking its potential as the central asset of DeFi’s future.
1/ coreBTC is live on Core Chain, which means users can trustlessly bridge their BTC to a Bitcoin-secured DeFi experience on Core Chain. pic.twitter.com/6KFWdbQzbR
— Core DAO 🔶 (@Coredao_Org) March 28, 2024
Based on these collaborations, Core is printing gains with a 12.82% rally, placing it at $1.239754. Meanwhile, investors are bullish on Core, aligning with as indicated by a Fear & Greed Index of 75. Core DAO is trading 80.96% above the 200-day SMA, currently at $0.703124. Equally, 16 positive price movements have occurred in the last 30 days, resulting in green candle sticks. These developments highlight the momentum behind Core’s ecosystem and its potential for further growth and adoption.
4. Solana (SOL)
SOL also benefits from its ecosystem’s positive outlook, causing it to surge 12% in the past seven days to $198.13. This surge aligns with investors’ bullish sentiment and is reinforced by a Fear & Greed Index reading of 75. Over the last year, Solana has demonstrated remarkable growth, gaining by 864% and outstripping 95% of the top 100 coins.
Likewise, the token trades above its 200-day simple moving average, indicating sustained momentum. With 20 consecutive green days and a majority of daily closes above opening prices in the last 30 days, Solana exhibits a consistent upward trajectory. Additionally, its liquidity remains high, supported by a substantial market cap.
Quadratic funding for public goods🔥
Just one day remains to contribute to @_cubik Grants Round 1! Learn more and support builders in the Solana ecosystem👇 https://t.co/mATZ5koOfx
— Solana (@solana) March 29, 2024
Leading cryptocurrency exchanges, including Binance and Bybit, have reported significant open interest in Solana, reaching $1.3 billion and $745.2 million, respectively. This influx of institutional and retail interest shows Solana’s stature as a premier blockchain platform that accommodates various financial instruments and applications. Moreover, Solana’s Total Value Locked (TVL) stands at an impressive USD 4.901 billion, highlighting substantial growth and adoption within the DeFi ecosystem.
5. Jupiter (JUP)
In line with the overall rally in the Solana ecosystem, JUP has been moving northward in the past few days, surging by 20% on March 30. This surge attracted attention from investors due to projections of continued growth. Meanwhile, market experts have attributed this remarkable spike to Jupiter’s unveiling of its Core Working Group (CWG) budget proposal voting. This launch signals substantial progress within the Solana landscape.
The main aim is to strengthen its ecosystem and empower community-driven initiatives. This proposal aims to redefine Jupiter’s development trajectory. Thus, it positions JUP as a leading decentralized finance (DeFi) player within the Solana ecosystem.
Vote on CWG’s Budget Proposal
The vote to fund the first Jupiter Working Group is live! This vote is crucial in setting a precedent to fund working groups to drive the DAO’s initiatives forward.
The CWG has spent a week in community discussions, and has presented their 2024… pic.twitter.com/jYk8XAU9JZ
— Jupiter 🪐 (@JupiterExchange) March 29, 2024
To sustain its operations and foster long-term growth, the CWG has proposed a comprehensive funding plan. This plan entails a 12-month expense budget of $450,000 to cover operational costs and a 2-year allocation of 4.5 million JUP tokens, vested over two years. This initiative underscores Jupiter’s commitment to innovation and community involvement. Therefore, it sets a promising path for its future endeavors within the vibrant Solana ecosystem.
6. Immutable (IMX)
Launched in 2021, Immutable X revolutionizes NFTs on Ethereum by tackling scalability and gas fee issues. Employing Zero-Knowledge Rollups technology, it executes transactions off the Ethereum network, ensuring faster processing and lower fees. Moreover, this Immutable facilitates NFT minting and trading, which is crucial for the burgeoning GamFi sector.
Furthermore, its market performance shows Immutable X trades at $3.14, a 4.45% surge in the last 24 hours. This bullish sentiment aligns with a Fear & Greed Index at 75, indicating investor optimism.
💎 @AffynOfficial is committed to building on Immutable zkEVM, powered by @0xPolygon!
They raised 20M and have officially launched @buddyarenagame for all players worldwide.
Affyn is a web3 gaming, metaverse, and lifestyle company that uses blockchain technology to build a… pic.twitter.com/21NudVsoXn
— Immutable (@Immutable) March 29, 2024
Over the past year, Immutable X has surged by 187%. It outperformed 66% of the top 100 cryptocurrencies. Meanwhile, it trades 246.05% above its 200-day simple moving average, currently at $0.907224. Immutable X’s robust performance compared to its token sale price underscores its market resilience. In addition, it presents promising opportunities for investors.
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