{"id":485183,"date":"2024-03-01T14:04:55","date_gmt":"2024-03-01T14:04:55","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=485183"},"modified":"2024-03-01T14:04:55","modified_gmt":"2024-03-01T14:04:55","slug":"5-best-altcoins-to-invest-in-right-now-march-1-axelar-fetch-ai-synthetix","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-altcoins-to-invest-in-right-now-march-1-axelar-fetch-ai-synthetix","title":{"rendered":"5 Best Altcoins to Invest in Right Now March 1 \u2013 Axelar, Fetch.ai, Synthetix"},"content":{"rendered":"

 <\/b>The market has hit a greed score of 85 as crypto transactions keep soaring. This trend has intersected with the developing AI and gaming market, particularly boosting the appeal of altcoins. Hence, analysts are projecting a bullish trend fueled by these favorable developments, expected to elevate prices and market sentiment.<\/span><\/p>\n

In light of this, altcoins present a compelling prospect for traders seeking to revamp their portfolios, offering avenues for investment diversification. This article compiles a selection of standout altcoins that warrant attention for potential investment in the present market climate.<\/span><\/p>\n

5 Best Altcoins to Invest in Right Now<\/b><\/h2>\n

Solana surged over 12% amidst a <\/span>widespread crypto upturn<\/span><\/a>, accompanied by the rise of AI-based tokens. Altcoins such as Axelar, Fetch.ai, and Synthetix are attracting notice as promising investment opportunities. Their robust performance indicates substantial potential for future market expansion.<\/span><\/p>\n

1. Fetch.ai (FET)<\/b><\/h3>\n

Fetch.ai’s utility token, FET, is steadily climbing the market ladder, particularly within artificial intelligence (AI) tokens. Through the utilization of FET, users gain the ability to construct and launch their digital twins on the network. In addition, developers can tap into machine-learning-based tools to train autonomous digital twins and implement collective intelligence across the network. These functionalities have propelled FET to the forefront as the adoption of AI tokens increases.<\/span><\/p>\n

The price of FET has been on a parabolic ascent, recently reaching a new all-time high of $1.67. This marks a substantial increase over the past four weeks. Moreover, this upward trajectory saw a breakout from the $0.85 horizontal resistance zone, catapulting FET to its record-high price today.<\/span><\/p>\n

\"FET<\/p>\n

Meanwhile, this surge could persist as the market sentiment surrounding Fetch.ai is currently bullish. Likewise, trading activities are high, as the Fear & Greed Index indicates extreme greed at 80. However, this could signal a market correction. <\/span><\/p>\n

Looking at FET performance metrics, it printed 254% on a YTD, bettering tokens like Bitcoin and Ethereum. Additionally, it is trading above its 200-day SMA, indicating sustained upward momentum.<\/span><\/p>\n

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The eleventh edition of the https:\/\/t.co\/kJ9URVpOul<\/a> LinkedIn Newsletter is now available! 📰<\/p>\n

Stay updated with what's trending in #AI<\/a> by following our bite-sized bi-weekly digest, delivering news, insights and innovations happening worldwide! 🌐👇https:\/\/t.co\/2EddK1w9nd<\/a><\/p>\n

— Fetch.ai (@Fetch_ai) February 29, 2024<\/a><\/p><\/blockquote>\n