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With Bitcoin and Ethereum laying the foundation for blockchain technology, altcoins have become investors’ playgrounds. Seasoned traders are constantly looking for the best altcoins to improve their portfolios. Therefore, Insidebitcoins provides insight into the best altcoins to invest in. This move provides clarity to investors looking for opportunities beyond the mainstream.
7 Best Altcoins to Invest in Right Now
Staying ahead of the curve is essential for investors looking to capitalize on emerging opportunities. Therefore, this analysis highlights the current market performers, including BNB, Beam, and OKB.
Furthermore, it aims to provide key information for those keen on improving their portfolio. In other crypto dealings, crypto winter’s end has been welcomed by upward trends and much-anticipated Bitcoin exchange-traded funds approval.
1. Conflux (CFX)
Conflux grabbed community attention by unveiling a collaboration with Web3SpaceNW and U_HackWeb3 for the U-Hack Web 3 University World Hackathon. In a pivotal move, this collaboration aims to bring innovation to the Conflux blockchain. The aim is to expand the CFX ecosystem and foster enhanced global collaboration in Web3 and blockchain technology.
Investors have reasons to be upbeat as Conflux Network’s price prediction is optimistic. However, the Fear & Greed Index takes a neutral stance at 52. At 74.52%, the network’s yearly supply inflation has created 1.56 billion CFX. Furthermore, Conflux grew by 593% last year, topping 94% of the top 100 crypto assets with its performance. Meanwhile, it trades above the 200-day EMA, consolidating a robust market position.
🤝 Exciting Partnership! We are thrilled to announce our collaboration with @Web3SpaceNW and @U_HackWeb3 for the U-Hack Web 3 University World Hackathon!
🌐 @Web3SpaceNW's incubated projects will bring innovation to the Conflux blockchain, contributing to the growth of our…
— Conflux Network Official (@Conflux_Network) January 12, 2024
Moreover, there are Green days in CFX’s trends, with 16 green days accounting for 53% of the observed period. As its market cap indicates, the network’s high liquidity further solidifies its standing in the crypto space. In addition, Conflux is actively traded on Binance, adding to its accessibility and market presence.
2. BNB (BNB)
Binance is demonstrating a promising path to recovery, having made leadership changes. BNB experienced a value dip following the departure of Changpeng Zhao, the CEO of Binance. However, the new board election has triggered a positive trajectory.
Today, BNB is trading at $317.42, reflecting an increase of 19% over the past month. Moreover, BNB has pumped 4.37% in the last 24 hours, with trading volume reaching $775,083,422. Meanwhile, recent one-day and four-hour analyses indicate a bullish trend, signaling a reversal from the previously bearish market sentiment.
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🤝 Get ready to dive into the future of user-friendly blockchain experiences. Don't miss this chance to connect,… pic.twitter.com/fZiOSpko4h
— BNB Chain (@BNBCHAIN) January 15, 2024
The bears had dominated the past few days following a downward wave. However, the bulls have regained momentum, driven by sustained buying activity. Hence, BNB price prediction sentiment is bullish, while the Fear & Greed Index looks safe at 52.
3. Beam (BEAM)
BEAM is gaining traction with an impressive price surge in the market. The token hit a 25% rise over the week, dipping by 1% over the past day. This drop pushed BEAM’s value to approximately $0.01823. However, bulls are predicted to return soon.
At the same time, Beam subnets total transactions since mid-December have risen significantly. According to Avalanche network data, Wednesday marked its zenith as transactions reached an unprecedented peak of over 103,000. This data shows that over half a million wallet addresses have engaged with Beam’s blockchain since its inception.
The compounding effect 🧱
Merit Circle is an ecosystem that has many tentacles within the gaming industry.
💰 We invest in games
🕹️ We build games
🌈 We empower gamesThese separate tentacles all compound to level-up each other. pic.twitter.com/B4QoCMwWdo
— Merit Circle (@MeritCircle_IO) January 14, 2024
Despite a minor setback with a 9.5% dip on Wednesday, the BEAM token has swiftly rebounded. Gains observed have surpassed the top 20 gaming-focused cryptocurrencies by market capitalization. Remarkably, only Merit Circle’s governance token and Yield Guild Games’ token have demonstrated double-digit percentage gains in the gaming space following Wednesday’s dip.
4. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix enters the market with an innovative Stake-to-Mine mechanism. Investors are offered an easy and beginner-friendly approach to earning Bitcoin rewards. Moreover, users can earn rewards from the Ethereum network while contributing to Bitcoin’s hashing power.
Why should investors consider Bitcoin Minetrix? The project aims to tackle Bitcoin mining issues, such as its complicated nature and upfront costs. In addition, the tokenized economy offers several upsides over cloud mining services, including increased decentralization and security.
Just 48 hours remaining until the end of Stage 19 for #BitcoinMinetrix! ⏳
For our experienced cloud mining experts, what challenges have you encountered while engaging in #BTC mining? pic.twitter.com/jawJ8GDZPc
— Bitcoinminetrix (@bitcoinminetrix) January 14, 2024
Bitcoin Minetrix is currently in its presale phase, successfully raising $8,468,962 in USDT. Once the platform launches on exchanges, the unique staking mechanism reduces sell pressure. This controlled move highlights significant growth potential for the token.
5. OKB (OKB)
OKB has displayed strong performance, overtaking its 2021 highs and signaling a prolonged upward trend. At present, OKB trades within the $59 to $38 range, with bulls actively working to break through this barrier. If achieved, this could mark the onset of the second leg of an upward trajectory for the OKB/USDT pair.
Furthermore, the market favors the bulls, as there is ongoing momentum to rally. This upward trend is evident in the upsloping moving averages and the RSI hovering close to the overbought zone. Therefore, this signals welcoming for holders, suggesting that the bulls maintain control.
However, potential resistance lies ahead, with a critical range of $59 to $38. A successful breach could propel OKB to $80 and potentially $100. On the contrary, a downturn below $38 could indicate a resurgence of bearish sentiment.
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Limited time only 🤯
Go 👉 https://t.co/EUZeSVVm0G pic.twitter.com/ri0FF5CR9v
— OKX (@okx) January 15, 2024
Moreover, market watchers anticipate a potential price surge for OKB if the project announces collaborations with other networks. Hence, analysts project a maximum price level exceeding $136.48 by 2024, contingent on positive developments.
6. Stellar (XLM)
The Stellar Development Foundation unveiled a report highlighting blockchain’s role in advancing digital financial inclusion. This development aims to tackle the need for more fundamental financial tools like bank accounts by 1.4 billion adults globally.
Meanwhile, Stellar’s XLM token has dipped recently. After reaching an all-time high of $0.13, it has slid to $0.1162. This downward price tick marked a 12% decline over the past week. Despite this, Stellar’s recent mainnet upgrade and the buzz surrounding its potential impact on the token’s value has sustained investor interest.
Fixed it:
Stellar – $0.000001 🏆
Solana – $0.0005
Celo – $0.001
Polygon – $0.04
Avalanche – $0.26
Base – $1.11
Optimism – $1.16 https://t.co/JG7pijKrcq— Stellar (@StellarOrg) January 9, 2024
The start of 2024 propelled Stellar into the spotlight with an impressive price surge. However, the recent dip reflects the volatile nature of the cryptocurrency market. Investors are still optimistic that the price will rise to $0210 if the current crypto market trend remains bullish.
7. PancakeSwap (CAKE)
PancakeSwap officially executed a substantial burn of 8,740,957 CAKE tokens worth $25 million. This move grabbed the market’s attention, reflecting the platform’s commitment to its long-term stability and strategic objectives.
Furthermore, the PancakeSwap community has warmly embraced this move. As such, investors interpret this move as a positive stride towards improving CAKE’s value. In addition, it is poised to boost the platform’s competitiveness and appeal to new and existing investors.
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🆕 Eligibility: Existing Arbitrum DEX traders who haven't swapped on PancakeSwap before… pic.twitter.com/732450B0mN— PancakeSwap v4🥞 (@PancakeSwap) January 12, 2024
On this note, market analysts are meticulously observing the aftermath of this token burn on the CAKE token’s valuation. This includes the coin’s broader impact on the decentralized finance (DeFi) landscape. Therefore, the prevailing anticipation among many is a favorable response from investors.
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