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Investing in altcoins to take advantage of upcoming bullish trends is a smart financial move. These tokens often have the potential to outperform the big players in the industry.
Moreover, altcoins offer investors accessible ways to update their portfolios. On this note, this article compiles a list of the best altcoins to buy right now.
7 Best Altcoins to Invest in Right Now
As Bitcoin moves closer to the $50,000 mark, particular tokens are attracting attention for their investment potential. Helium, Ronin, and Toncoin are emerging as standout altcoins, positioned well as contenders for portfolio inclusion. Each token possesses unique attributes and demonstrates promising potential for market growth.
1. Chainlink (LINK)
Chainlink is amassing several collaborations intersecting with its upward trend. OriginProtocol has selected Chainlink CCIP as its primary solution for securing cross-chain transactions involving Origin Ether (OETH), aiming for maximum security. Simultaneously, SubstanceX has joined Chainlink BUILD to access top-tier oracle services, enhancing security and usability for decentralized perpetual.
Moreover, Paxos has integrated Chainlink’s new PayPal USD Price Feed. The aim is to provide reliable price data for its programmable stablecoin PYUSD on the Ethereum mainnet. Following a brief pullback to $18 earlier this week, Chainlink (LINK) has surged by 10%, surpassing the $20 mark again. Currently trading at $20.16, LINK stands at a critical breakout point, with analysts forecasting a potential rally to $25.
.@Paxos has adopted #Chainlink’s new @PayPal USD Price Feed to bring secure price data around its programmable stablecoin PYUSD to Ethereum mainnet.
How Chainlink helps drive PYUSD and tokenized RWA adoption across Web3 ⬇️https://t.co/NvlgwXNyub
— Chainlink (@chainlink) February 7, 2024
Meanwhile, data analysis from Lookonchain reveals a steady LINK accumulation by a significant whale wallet over the past three days. The account acquired 4,556,684 tokens valued at approximately $83.6 million. This ongoing accumulation signals positive sentiment and hints at future price appreciation for LINK.
2. Ronin (RON)
Recent developments have positioned the Ronin ecosystem for significant growth. Ronin partnered with Pyth Network to enhance its community’s experience. Leveraging Pyth Oracle, the platform now boasts fast and reliable price feeds for its blockchain assets and the Ronin Name Service (RNS) market data.
Furthermore, the coin’s listing on Binance has sparked notable momentum, pushing its price upwards. Currently trading above the $2.5 support level, RON is poised for a potential surge past $3.5 in the near term.
Moreover, Ronin is showcasing a very positive sentiment. In addition, the greed score registers at 71 as investors are actively trading. RON is above its 200-day SMA with 20/30 upward movement, indicating a 67% positive trend.
BREAKING NEWS: $RON / $RONIN TRADEABLE ON BINANCE
After 2 years of relentless pursuit and unwavering support, the moment our community has been asking for has come.
This is a big step towards the world discovering the secret that we all know: Ronin is THE gaming chain.
Welcome… pic.twitter.com/WjvYkLJfhr
— Ronin (@Ronin_Network) February 5, 2024
These developments signal a promising outlook for Ronin, bolstered by its strengthening fundamentals and growing community support. Hence, investors closely monitor the coin’s advancements, anticipating further appreciation of RON’s value and market positioning.
3. Helium (HNT)
Recent analyses indicate a positive outlook for Helium (HNT) in the crypto market. With its robust use case and rewarding mining incentives, HNT has captured the attention of investors.
Currently, HNT is trading significantly above the 200-day SMA at $2.25. Moreover, it has seen 15/30 days where the daily close price surpassed the daily open price. These recent green candlesticks are further increasing investors’ attention on the coin.
The v2.6.4 release includes bug fixes and new features. Users can now customize the lock duration and delegate HNT immediately after locking in Governance. There is an improved UI for canceled vote state in Governance. Additionally, the update includes a bugfix for better…
— Helium🎈 (@helium) February 5, 2024
Transitioning to future projections, experts anticipate a potential resurgence in its bullish trend, forecasting a rise to over $11.50 by year-end. HNT was trading around $7.20 in the second week of February. On this note, HNT holders are projecting a potential gain of over 59.72%. This positive outlook is supported by the coin’s strong fundamentals and the prevailing sentiment regarding its future trajectory.
4. Optimism (OP)
Optimism recently implemented significant upgrades to reduce deposit confirmation times and minimize gas fees. These improvements emphasize Optimism’s goal of becoming a superchain, strengthening its position in the market.
Moreover, OP’s momentum is gaining as a 5.01% intraday rise has pushed its price to $3.55. Similarly, the market cap experienced an uptick of 5.12%, soaring to $3,407,934,819. This positive momentum is attributed to Optimism’s bullish sentiment. The Fear & Greed Index of 71 also indicates that buyers expected a potential bull.
Furthermore, OP is trading comfortably above its 200-day SMA, positioning it favorably in the market. Additionally, its high liquidity further highlights its attractiveness to investors. If the bulls prevail, it is anticipated that the average price of Optimism will continue to appreciate throughout 2024. Hence, this could offer potential opportunities for investors seeking promising assets.
5. Klaytn (KLAY)
The Klaytn price prediction sentiment is bearish, dropping 95% from the all-time high. However, with 16 green days in the last 30, the coin is staging a resurgence. As expected, investors are poised to capitalize on KLAY’s current good form, as the greed score of 71 suggests ongoing trading activities.
Hope is further heightened as the coin trades above the 200-day simple moving average. Moreover, this positive trend is supported by its high liquidity based on its market cap. Also, Klay increased by 4.20% in the last 24 hours, raising its price to $ 0.222515.
Klaytn Foundation is partnering with @finschia Foundation, to propose the launch of a new mainnet project through the integration of the two blockchain ecosystems.https://t.co/kjhOzvOS7u
— Klaytn (@klaytn_official) January 17, 2024
In light of its growing popularity, Klaytn (KLAY) is positioned for potential growth. Therefore, investors project it to reach new heights in the blockchain sphere. Likewise, analysts predict that by 2024, the average price of 1 KLAY token could range between $0.20 and $0.74. This reflects Klaytn’s promising trajectory.
6. eTukTuk (TUK)
Investor interest in eTukTuk’s sustainable transportation-focused web3 startup is steadily growing. As such, the token’s presale is gaining traction, recently surpassing the $912,608 mark in funds raised. With an expected price increase in the next ten days, TUK’s current price of $0.02625 per token presents an opportunity for investors to consider. Moreover, traders can purchase the tokens and stake them for an annual reward of 239%.
eTukTuk’s innovative approach integrates AI-driven efficiency, eco-friendly innovations, and smart infrastructure powered by blockchain technology. Notably, the $TUK token is central to advancing these initiatives. It facilitates AI-driven optimizations to reduce traffic congestion and fuel consumption, promoting sustainable transport solutions.
"Breakout crypto eTukTuk is working on improving urban transportation in developing nations with electric vehicles and blockchain technology." – @cryptonews
Read more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024
Furthermore, the project’s alignment with environmental goals is evident in its support for green transportation through AI research. Additionally, the utilization of $TUK tokens pioneers intelligent transport systems, driving forward green initiatives in real time.
7. Toncoin (TON)
BitGo, a major custodial service for cryptocurrencies, has expanded its offerings to include TON. This expansion enables BitGo’s 1,500+ institutional clients and everyday users to manage their TON assets securely. Therefore, it aims to boost cross-platform trading efficiency and ensure reliable liquidity.
Following this integration, the price of Toncoin has seen a modest uptick, rising by 3.18% in the past 24 hours. Moreover, the Fear & Greed Index suggests an active trading atmosphere, with investor sentiment at 71.
🔈 @BitGo now supports Toncoin!
This leading crypto custodial service has expanded to include #TON. This enables not only its 1,500+ institutional clients but also everyday people to securely manage their $TON with a qualified custodial service.
Why is this important? 👇🧵 pic.twitter.com/0eeA91CACq
— TON 💎 (@ton_blockchain) February 8, 2024
Moreover, Toncoin is trading 11.08% above its 200-day Simple Moving Average (SMA), which stands at $2.03. With its solid fundamentals and strong community support, Toncoin shows promise for significant growth. Hence, TON could further grow as it announces collaborations with other networks.
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