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The bulls are back in charge as crypto prices return to the green regions. Investors are speculating a sustained momentum in price in the aftermath of the halving. Considering this, what are the best altcoins to invest in today? Investors can look at our curated list and make further analyses as the market turns bullish.
Investors are skeptical about the post-halving trends, questioning how long the trend will continue. However, analysts are optimistic that utility tokens and meme coins will be the best-performing crypto. The forecasts are conclusions from the dominant narratives in the crypto market.
7 Best Altcoin to Invest in Now
The Bitcoin halving has generated excitement within the blockchain and cryptocurrency community. This event has had an impact on several altcoins. This development has made investment options attractive to Arweave, Aevo, BNB, Neo, Near Protocol, and AIOZ. This renewed interest in alternative cryptocurrencies is boosting investor confidence, leading many to actively review and modify their portfolios.
Several upcoming projects, especially utility tokens, have considerable potential to revolutionize how people do things. An example is the eTukTuk project, which aims to disrupt the transportation sector. The token is currently on presale, and today’s article covers what the project entails.
1. Arweave (AR)
Arweave has seen considerable growth in the crypto industry since its launch. The token finds utility as a decentralized platform for permanent data storage. Its native coin, AR Coin, has continued to post remarkable ROI to early investors. $AR has also gained extensive acceptance among the crypto community due to its various utilities.
The Arweave project has a clear roadmap for the future and is actively developing new initiatives. The token’s approach to innovation makes it a promising long-term investment. Major crypto exchanges like Binance, Gate.io, and Coinbase have listed $AR on their platform. News of these recent listings has attracted positive attention to the token.
If the market maintains support above $24.675, AR’s price is expected to rise, potentially testing $45. Some experts predict Arweave (AR) could reach a maximum cost of $68.16 by the end of 2024. Based on market stability and bullish trends, the average trading price of $AR could reach $63.58 by June.
The number of daily messages sent on testnet is increasing dramatically.
Some recent stats: https://t.co/zMWWI6o1tD pic.twitter.com/74rUzMMIoy— ao (@aoTheComputer) April 20, 2024
Conversely, if the crypto market substantially declines, the minimum price of AR coins could plunge to $57.66 by 2024. However, continued bullish sentiment may lead to a significant price boost for $AR in the last quarter of the year.
2. eTukTuk (TUK)
eTukTuk is on the brink of a significant milestone in its presale, having raised over $3 million. The project aims to enhance sustainable transportation worldwide, particularly in developing countries. It seeks to achieve this through providing electric vehicles (EVs) and charging stations.
Furthermore, eTukTuk has forged partnerships with key organizations to support its mission. These collaborations position eTukTuk well in promoting sustainable transportation. It focuses on regions where tuk-tuks are crucial in daily travel and trade.
Moreover, the presale target for eTukTuk is $10.7 million. They have meticulously planned their token distribution, with 21.5% set aside for staking rewards to encourage long-term investment. Liquidity receives 7%, and 9.75% is allocated for the presale, ensuring a balanced distribution.
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— eTukTuk (@eTukTukio) April 21, 2024
Additionally, eTukTuk plans to list its token TUK on exchanges after the presale. This move intends to simplify the process of investors trading the token. It also demonstrates its commitment to real-time green initiatives powered by advanced technology.
eTukTuk continues to gain traction through its integration of sustainable solutions and innovative technology. This unique blend makes it attractive to investors looking for environmental and financial gains.
3. Neo (NEO)
Neo stands out as one of the top crypto gainers today. The token boasts over 57% gains in the past seven days. Its trend is unique because it goes against the overall crypto market outlook. Investors are generally bearish due to the increasing inflation rate in most countries. The price of Bitcoin has ranged for several days now, and the effect can be seen across the market.
NEO’s technical analysis indicates various upsides. Its RSI value stays relatively neutral, signifying a steady bullish tempo with a 200-EMA value of 12. This EMA, which remains below its current price, implies that investors might maintain the bullish tendency. Besides, NEO’s MACD readings and various other oscillators correlated to the chart exhibit that it has more room to grow.
Furthermore, it is yet to be determined if investors will witness NEO surpassing its ATH value in this bull run. However, the platform is gaining massive popularity. Its ongoing participation in the Web3 Festival 2024 has provided the project a platform to increase its visibility.
Therefore, NEO has a strong chance of experiencing increased demand post-halving. It remains one of the cryptocurrencies investors should watch this quarter. This prediction is due to its potential for significant price increases.
4. Near Protocol (NEAR)
Near Protocol has experienced a gradual upward trend, with a significant price increase in the last 24 hours. Market data for the cryptocurrency shows it has gained over 8% in the day. This surge is accompanied by a trading volume increase of about 40%.
Also, this rise in value brings it closer to the resistance level at the $7.48 price range. An upcoming event is one of the key influencers driving NEAR’s growing visibility. The platform quickly shared information about the event on its official Twitter handle.
Furthermore, breaking above this level suggests that Near might reach its high in the $8 – $9 region. This projection is expected in the short term and a higher range in the long term. Analysts forecast that the token will surpass its all-time high-value post halving.
Furthermore, data from NEAR’s technical analysis predicts further bullish trends. In the daily timeframe, its RSI charts trend closer to the 57 range, which is relatively neutral, considering the overall pessimism across the crypto market.
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— NEAR Protocol (@NEARProtocol) April 22, 2024
Additionally, the Moving averages are below its current price. The 200-day EMA, which stands at 3.85, is below its price. It implies that the token still has more room to grow. However, investors should expect a brief pullback due to the weakening trend. This is demonstrated by the token’s ADI value and MACD reading of 0.249.
NEAR encounters minimal resistance above $9, implying that its upward momentum beyond this level is almost inevitable. Moreover, it is expected to reach a double-digit value much quicker than it initially broke into the mid-range.
5. AIOZ Network (AIOZ)
The AIOZ Network has experienced an impressive surge, marking a successful intraday trading session. Its price rose by 4.97% to reach $0.935496 over the past 24 hours. This surge aligns with bullish sentiment predictions for the AIOZ Network. Additionally, the Fear/Greed score of 74 indicates a prevailing sentiment of greed among investors.
Additionally, AIOZ has achieved remarkable YTD growth of a staggering 2,719% increase in price. This growth outpaces 96% of the top 100 crypto assets, including Bitcoin and Ethereum. AIOZ is trading above its 200-day simple moving average, indicating a steady positive performance compared to its token sale price.
Moreover, trading data indicates that AIOZ is nearing its cycle high. This data demonstrates a strong momentum in its market trajectory. The surge is likely propelled by AIOZ Network’s partnership with Alibaba Cloud. The collaboration aims to enhance DePIN’s capabilities and reach within the APAC region.
12/12
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🔗https://t.co/ufILzTJDxQ…— AIOZ Network (@AIOZNetwork) April 22, 2024
With a trading price of $0.981921, $AIOZ is a promising token for investors seeking the perfect market entry. The token’s positive performance and bullish sentiment make it a coin worth watching.
6. BNB (BNB)
Recent changes in Binance’s leadership have stirred interest and speculation among investors. After the departure of its former CEO, Changpeng Zhao, the token experienced a downturn. However, BNB has demonstrated resilience and is now rebounding. It is currently trading at $597.46, reflecting a modest increase of 4% over the last 24 hours.
Furthermore, BNB’s adoption is on the rise, as its utility extends beyond the exchange. BNB is being used in various sectors, including DeFi, NFT marketplaces, and as a staking token on Binance Smart Chain (BSC). However, the future profitability of BNB depends on several factors, such as the expansion of the Binance ecosystem, regulatory developments, and broader adoption.
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— BNB Chain (@BNBCHAIN) April 22, 2024
Moreover, Binance’s strategy of regularly burning BNB tokens to reduce supply could enhance its value, assuming demand remains strong. As blockchain technology and cryptocurrencies gain traction, BNB’s importance as a prominent asset in the crypto market is likely to grow.
7. Aevo (AEVO)
Aevo is one of the best-performing cryptocurrencies of Q1. The token topped the trading list on CoinMarketCap for several weeks. It was also one of the trending crypto on social media. This visibility saw several influencers jumping on the trend to increase its visibility.
Following an impressive surge that propelled the asset’s price from $1.39 to $4.46, it experienced a temporary pullback. The price decline in the crypto market and subsequent retracement have resulted in a 40% decrease from Aevo’s year-to-date high.
However, the token’s charts show the potential for a recovery. While the period it will take Aevo to return to its all-time high (ATH) value is unpredictable, the probability for a consistent uptrend move is relatively high. Thus, investors should keep an eye on the asset’s price action. More importantly, Aevo is addressing a unique need in the crypto market, which may contribute immensely to its future value.
Furthermore, Aevo posted gains of over 15%, which has helped it recoup the bulk of the value drained over the previous 48 hours. Impressively, technical analysis of the assets signals a high chance of more bullish prospects. However, the declining ADI value indicates that Aevo’s trend is weakening significantly. It also has an RSI reading showing the asset is mainly oversold.
Pre-launch pic.twitter.com/k80tNACIVv
— Aevo (@aevoxyz) April 22, 2024
Even though moving averages can lead to the current price, investors can expect a crossover in the coming days. Nevertheless, it’s best to research the token further before buying. The short-term pullback is ongoing and might result in overall price fluctuations as it climbs into a consolidation phase.
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