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We will analyze Bitget token, Ton, Ethena, Injective, Litecoin, and Ankr as potential investments for April 18. Today’s article looks into significant aspects influencing their value. It also offers valuable insights to aid investors in making informed decisions.
The sentiment in the crypto market has shifted back to optimism. While some cryptocurrencies have experienced a temporary recovery, investors are still sceptical about the future of digital assets. There’s speculation that the bull market’s peak might coincide with the Bitcoin halving event.
5 Best Altcoin to Buy Now
Identifying the cryptocurrencies to break out is an ongoing process among investors. With the impact of the market downturn still influencing the trends in the market, identifying the cryptocurrencies that will be profitable may be technical. Thus, the analysis presents profitable altcoins worth checking out using several metrics.
Likewise, the article summarizes Slothana’s presale offering, the meme coin project that gained attention after raising over $500k within hours of the presale launch. Its remarkable presale performance contrasts with prevailing market trends. Therefore, the article delves into the project’s fundamentals and other crucial factors contributing to its notable success.
1. Bitget Token (BGB)
The current market trend has caused a decrease in trading volume and market capitalization. This trend has led to a dip in crypto prices in the last few days. However, Bitget’s platform token, BGB, has demonstrated remarkable resilience. The token has risen against the prevailing downtrend to record a 2% intraday increase.
Bitget Token trades 184.78% above the 200-day Simple Moving Average (SMA). The token also stands at $1.22, signifying its bullish trajectory. Nevertheless, the Fear & Greed Index has decreased to 70, aligning with the broader market decline.
Additionally, Bitget has launched three Launchpool promotions – ZK, DOPE, and ENA. Participants have the opportunity to stake BGB or USDT to earn token rewards. Another benefit is that they can instantly redeem BGB and USDT after staking. This recent development has boosted the token’s resilience amid market conditions.
🚨BREAKING: BytePlus, the enterprise technology arm of ByteDance (the company behind @TikTok_US), is coming to Sui! pic.twitter.com/GtutYyFI5X
— Sui (@SuiNetwork) April 17, 2024
BGB has observed 18/30 days of its price closing with green candle sticks. These green days mark a notable 60% positivity rate. Furthermore, Bitget Token has exhibited substantial growth, with a remarkable 217% surge in the last year. Over the same period, BGB outperformed 70% of the top 100 crypto assets.
Considering these developments, analysts predict an upward trajectory for BGB. Also, the prediction is further strengthened as Bitget Exchange expands its presence. The next significant target for Bitget Token is projected to be $2.20. This projection presents potential gains for investors within a shorter timeframe.
2. Ton (TON)
TON has become an accepted payment medium on the Telegram platform, with influencers now earning TON as a reward for establishing successful channels on Telegram. This growing utility of the cryptocurrency, coupled with its rising visibility, has positioned it as one of the top-performing cryptos in the bull market.
Since March, Toncoin’s price has experienced a notable surge, breaking from a consolidation phase at around $2.00. Although a recent flash crash in the crypto market caused TON to retrace to the $5.2 support level, bulls have utilized this support to push the price back within the bullish pennant. With TON trading comfortably above the 50-day and 200-day moving averages, it underscores the token’s potential for additional rallies.
Furthermore, the Relative Strength Index (RSI) shows an upward trend, having crossed the 50-midline level and nearing the 70-overbought region. This metric suggests increasing buying pressure. If bullish momentum continues, the RSI could surge even further into overbought territory, indicating a solid influx of buying activity.
"Viral Telegram-based game @thenotcoin will drop its token on #TON a little later than expected, after the Bitcoin halving."
Via @decryptmedia ⬇️https://t.co/nPMVZWKD3z
— TON 💎 (@ton_blockchain) April 18, 2024
Furthermore, the upward trend in RSI and a golden cross at the $6.13 support level reinforce bullish sentiments. This RSI encourages optimistic investors to enter the market and purchase the token, potentially leading to further price increases.
Analysts’ sentiment concerning TON’s price prediction is overwhelmingly bullish, with the Greed score displaying extreme Greed at 78. Trading near its cycle high at $6.26, TON enjoys high liquidity propelled by its significant market capitalization.
3. Slothana (SLOTH)
Slothana is getting ready to drop the official launch date. The platform’s social media update indicates that the community is finally ready to hit the market. Therefore, early investors can look forward to earning returns on the capital committed to the project.
Additionally, the timing of Solana gives investors a chance to participate in a potential meme coin rally. It particularly favours investors who missed out on earlier meme coin booms that pushed the prices of meme cryptos by nearly 500%. The return of the meme culture may be triggered by the confluence of Doge Day and the halving event.
Furthermore, the presale offering is open, and investors can purchase 10,000 SLOTH at 1 SOL. The best part is that the crypto market is at an overall discount since prices of assets are down by over 20%. The market will return on track in the coming weeks, and prices will fall again.
🌿📜 And lo, Slothana, in its eternal wisdom and benevolence, hath decreed: 'Behold, there are but twelve days remaining until the dawn of a new era.' 🚀 Let us prepare our hearts and minds, for the age of Slothana draws near. May the gains and Lambos be bestowed upon us all.…
— Slothana (@SlothanaCoin) April 17, 2024
Therefore, buying presents the best bet for degen investors considering taking positions in the meme coin sector ahead of the incoming rally. Updates about the Slothana and new developments are often posted on its official Twitter handle. Similarly, the presale page offers information about how to participate in the presale offering.
4. Ethena (ENA)
Despite the recent market downturn, Ethena, the newly listed synthetic dollar protocol token, has demonstrated impressive resilience. Despite a price drop of over 8%, ENA has held onto most of its gains from the past seven days. Ethena’s price action data indicates that investors should closely observe the token.
Before the price decline, Ethena concentrated on reaching the all-time high (ATH) target and steadily advanced towards $2. However, it currently holds a price of $0.8978 and is trading nearer to its critical support around the $1 region. Investors should anticipate Ethena to move sideways until it surpasses the $1.4 price barrier on the upside.
At the moment, Ethana’s moving average remains bullish in the short run. Sadly, the token has minimal data for its long-term moving average, making it difficult to measure the strength of its trend. However, the MACD reading, which is bearish at the time of writing, reflects the token’s momentary pullback.
LIVE NOW: Ethena – A Crypto-Native Digital Dollar
w/ @CryptoHayes & @leptokurtic_
Today on the show, Guy Young, founder of Ethena, and Arthur Hayes, inceptor of the Ethena idea, walk us through the Ethena Protocol and the USDe Synthetic Dollar
Because @ethena_labs doesn't use… pic.twitter.com/VlacEiZ2tV
— Bankless (@BanklessHQ) April 17, 2024
Another critical factor that may impact ENA’s overall performance in the coming weeks is the rising exchange integration. This integration would enhance the token’s liquidity and potentially contribute to a sustained increase in the ENA price.
5. Injective (INJ)
Despite being in its early stages in the crypto market, Injective has attracted significant attention. The project has drawn various DeFi initiatives to reinforce its ecosystem’s foundational infrastructure. Its presence in DeFi rapidly expands, with recent successful funding rounds highlighting its significance.
Moreover, the project has collaborated with Noble and Clusters. Injective’s partnership with Noble grants it direct access to the USDC issued on the platform. Consequently, users can utilize native USDC via various dApps throughout the ecosystem, including HelixApp. Integrating Injective and Clustersxyz enables a unified identity across Ethereum, Injective, and Solana.
These partnerships have stirred excitement around $INJ, resulting in a 5.33% increase in value. Injective is presently trading at $26.41, with a 24-hour trading volume of $700.75 million. Meanwhile, sentiment analysis indicates a bullish outlook, implying that the upward trend might continue. Consequently, the Greed score has surged to 81, indicating increased buying pressure.
Revealing: Harvest Heist
Coming to @injective exclusively.
Stay tuned for more. 🌱 pic.twitter.com/vXbHSrrsaA
— SA World | $SAE (@SAWorld_io) April 17, 2024
Likewise, Injective is trading 266.48% above the 200-day simple moving average. It indicates positive performance compared to its token sale price and trading near its cycle high. Besides, it is ranked 4th in the AI crypto category. The token also has a high liquidity based on its market cap.
6. Litecoin (LTC)
Coinbase plans to launch cash-settled futures contracts for Litecoin, Dogecoin, and Bitcoin Cash. This initiative is aimed at improving Coinbase’s bid for global expansion. The news has increased LTC’s price, signalling market acceptance. After closing with green candlesticks for 19/30 days, Litecoin entered the top trending coins today. With a successful outing in the last 24 hours, LTC surged by 4.72%, reaching $82.18. This positive momentum also pushed its market cap by 3.57%, settling at $6,681,602,967.
Furthermore, LTC’s buying pressure has increased in the past 24 hours due to this news. Its trading volume responded positively to this increase, surging 17.16% to $583,603,655. This uptick in trading activity suggests a resurgence of investor interest and confidence in LTC—meanwhile, a Greed score of 74 and bullish investment sentiment further fuel appetite for Litecoin.
$LTC is NASA's time zone for the MOON!! 🚀 pic.twitter.com/Z6fqvOVBVL
— Litecoin (@litecoin) April 17, 2024
Moreover, technical analysis confirms LTC’s profitability; the token trades 19.54% above its 200-day SMA. This positive trend highlights the coin’s stability amid market fluctuations. Like Bitcoin, Litecoin was crafted to offer fast, secure, and cost-effective payments. It does this by harnessing the distinctive attributes of blockchain technology. Therefore, its analogous use case positions it as a valuable addition to investors’s portfolios. Its position is further strengthened due to the upcoming anticipated bull run.
7. Ankr (ANKR)
Investors are closely monitoring ANKR’s ongoing upward trajectory. With the coin’s transactions on the rise, analysts are currently bullish on Ankr. This surge in sentiment has propelled the Greed score to 81. The surge also signals an extreme greed index among traders and investors.
Moreover, ANKR has experienced a remarkable 90% surge since its breakout. This surge has resulted in substantial profits for investors who kept an eye on the token. Ankr Network is trading at $0.04347 after achieving an 3% intraday surge. Over the past year, the price has surged by 64%, showcasing its upward momentum.
Additionally, Ankr Network trades 101.69% above the 200-day Simple Moving Average (SMA) at $0.028143. These metrics indicate a strong bullish trend. The crypto has also experienced 21 green days out of the last 30.
— Ankr (@ankr) April 18, 2024
Therefore, the daily close price has consistently surpassed the daily open price. With high liquidity, ANKR offers investors an opportunity to capitalize on the bullish momentum in the market.
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