Stakeholders are starting to pay more attention to interoperability and digitizing real-world assets. Despite the bearish market sentiment, these altcoins are surging in value. The goal is to identify the best altcoins that investors can invest in.
With the bull run this year, investors need to be aware of the important altcoins that have the potential to make money in the market. This article provides an overview of altcoins that have gained popularity in the growing cryptocurrency market. These coins have unique characteristics that have the potential to bring huge gains to investors.
5 Best Altcoins to Invest in Right Now
Immutable X holders are adjusting their portfolios for a proposed partnership agreement. The token showed strong resilience, with the fear and greed index reaching 76. Meanwhile, GameStop rose 17.66% in 24 hours, indicating a clear shift in investor sentiment towards the token.
Additionally, Solana’s recent blockchain projects have received attention. One of these is Mega Dice, a gaming and gambling token that has quickly gained popularity since the start of its presale. Mega Dice has raised over $1 million, showing significant interest in this new concept.
1. Akash Network (AKT)
Akash Network has developed a secure and transparent platform using blockchain technology. Users can deploy their applications on a global network of unused cloud computing resources, freeing them from dependence on a single provider. This decentralization can reduce downtime and censorship while ensuring data privacy.
In addition, the project has attracted the attention of the developer community. It provides developers with advanced development toolkits and a series of DApp ecosystems. The widespread adoption of the token proves its ability to become a leading project in the field of cloud computing.
Meanwhile, the price of AKT is hovering around $4.33, having dropped slightly over the past 24 hours. While it may seem unsettling at first glance, the price of the coin has risen significantly from its lowest point of $0.165. Due to the bullish sentiment among investors, the price is expected to rise to $5.01.
Furthermore, AKT’s relative strength index is hovering around 60, indicating that it is neither overbought nor oversold. This suggests that there is a chance for a bullish breakout. On-chain indicators are also showing a positive picture, with increasing user activity on the coin’s blockchain.
In conclusion, Akash Network has attracted a lot of attention on online forums and social media. Experts believe that this positive sentiment will translate into increased buying pressure, driving prices higher. These indicators indicate a favorable environment for AKT’s continued growth.
2. GameStop (GME)
GameStop’s value surged by more than 199% in the past 24 hours before retreating to 17.66%. This price explosion came after a recent viral post by a user named “Roaring Kitty.” The post on Reddit revealed that Keith holds $1.814 million in GME shares and call options.
"Roaring Kitty" posted a screenshot showing that he bought 5 million shares of GME. The purchase totaled about $115.7 million, of which $65.7 million was used for call options. As a result of holding GME shares, he earned $9.3 million through these shares.
Meanwhile, the coin’s rise has taken its value up to $0.01154. GME’s chart indicators show that it is in a strong bullish trend. It is trading above its 50-day and 200-day simple moving averages, which increases the possibility of an uptrend.
Moreover, the relative strength index (RSI) is trading in the overbought zone of 70 and is currently at 78, indicating strong buying pressure and continued optimism among investors. This could encourage bulls to buy and maintain their bullish stance towards its record highs.
Furthermore, the coin’s long-term analysis shows that it is currently in a bullish rhythm as it remains above the upper boundary of the falling wedge pattern. In addition, GME’s MACD and RSI show that GME could create new highs as bulls target $0.020.
3. Immutable X (IMX)
Immutable X has become Ethereum's first second-layer NFT expansion solution, solving problems such as scalability, user experience, market liquidity, and development speed. The platform provides a simplified and efficient framework for NFT transactions and applications, overcoming the inherent limitations of Ethereum.
Immutable has experienced significant price growth recently, increasing by 175% over the past year. Some speculate that IMX could rise by 50,000% to reach unprecedented highs. This upward trend positions Immutable as a promising player in the NFT space.
Meanwhile, the price of IMX has increased by 18%, showing a clear bullish trend. The coin has posted 25 green days in the past 30 days and is trading above the 200-day simple moving average. Moreover, the Fear and Greed Index shows a greedy sentiment.
4. Mega Dice (DICE)
Mega Dice is a well-known casino that aims to change GameFi. The token rewards existing users and attracts new users, playing a key role in Mega Dice's gamification plan. Notably, Mega Dice plans to become a pioneer in crypto casinos, offering daily rewards based on platform performance.
Solana’s recent blockchain projects have gained attention. One of them is Mega Dice (DICE), a gaming and gambling token that has quickly gained popularity since the start of its presale. Mega Dice has raised over $1.3 million, showing significant interest in this new concept.
So far, the price per DICE token is $0.075. Interested parties can link their wallets and exchange DICE tokens with SOL, ETH or BNB. To date, Mega Dice has sold $19,457,040 worth of DICE tokens.
At the same time, they will allocate 15% to player airdrops, 15% to liquidity pools, and 15% to the casino's DICE pool. Another 10% will be used as a reward for token staking, and the remaining 10% will be used for marketing and other protocols.
Mega Dice ensures pre-sale inclusivity. After the pre-sale is over, they plan to list the DICE token on decentralized exchanges (DEX), thereby increasing its visibility.
5. Injective (IN)
Injective integrates Hydro’s liquid staking derivatives into its protocol. This development enables users to hedge and trade their staked assets on INJ’s decentralized exchange. This collaboration also allows Hydro to leverage Injective’s layer-2 scalability, allowing users to enjoy fast and cost-effective transactions during liquid staking operations.
The announcement of the partnership sent the token’s value soaring. Over the past year, INJ’s value has increased by more than 212.74% and is trading at $25.09. This rise indicates growing investor interest in the project.
Meanwhile, INJ’s value has risen by 69% over the past month. The token has generated more than $260 million in trading volume over the past 24 hours. As a result, Injective’s market capitalization has surpassed $2 billion, highlighting the continued growth of the Injective ecosystem.
Moreover, the coin’s value recovers when the cryptocurrency market turns favorable. Therefore, according to the current growth trend, the price of INJ may reach a maximum price of $55.09 and an average price of around $30.06. However, in a bullish market, the coin may exceed these predictions.
Best Cheap Cryptocurrency
Our previous best cheap crypto buys post
PlayDoge (PLAY) - The latest ICO on the BNB chain
Rating
2D virtual dog coin pet
Play and earn meme coin fusion
Staking and In-Game Token Rewards
SolidProof Audit - playdoge.io
Participate in the pre-sale
Join our Telegram channel to get the latest news coverage
English 
Chinese (China) 
Chinese (Hong Kong) 