8 Best Altcoins to Invest In Right Now on January 25th – NEAR Protocol, NEO, Polkadot.

As the market momentum builds, investors are actively looking for coins to refresh their portfolios in anticipation of the next bullish phase. As a result, altcoins are getting a lot of attention as they have the potential to offer good returns. This article presents some of the most promising altcoins for investors to consider investing in.
The 8 Best Altcoins to Invest In Right Now
Even in relatively calm markets, certain tokens are gaining attention for their potential. NEAR Protocol, Neo, and Polkadot have all emerged as key players. This guide will showcase the unique characteristics of these alternative coins, providing investors with valuable insights to make informed decisions. The highlight of the market this week was Grayscale GBTC's rapid asset reduction, but nine other products saw increased inflows.
1. Theta Network (THETA)
Theta Network is experiencing a wave of growth, especially after partnering with the NHL's Vegas Golden Knights on an NFT project. The token is currently ranked 66th among cryptocurrencies with a market cap of $1.016 billion. However, entering the top 50 remains a challenge as new and more innovative projects enter the blockchain space.
Currently, Theta Token price sentiment is bearish, with a neutral Greed Index indicating investor holding. Nonetheless, there are some encouraging signs as THETA price is above the 200-day simple moving average. This means that it is performing steadily relative to the initial token sale price.
Did you know that some of the largest traditional media companies are already using Web3 technology on their websites?
Theta's innovative white label digital rights solutions and DRM technology enable tasteofhome to fully integrate immersive experiences into their...
pic.twitter.com/tmUdz0OKjS
– Theta Network (@Theta_Network)
January 12, 2024
Moreover, the high liquidity of Theta Token is reflected in its market capitalization, which strengthens its market share. Therefore, analysts predict that if Theta Network announces cooperation with other networks, the price of THETA token may exceed $3.28. In the bullish market in 2024, the average price of Theta Network token will reach $2.97.
2. Filecoin (FIL)
Filecoin has seen a significant increase in its value, catching the attention of cryptocurrency investors. Further gains are expected if the bulls push the cryptocurrency above the $7 resistance level.
Furthermore, Filecoin is currently trading above the 20-day exponential moving average, which suggests a positive trajectory. The outlook for Filecoin is bearish, however, it has been trading in the up range over the past 24 hours, showing signs of recovery.
At the forefront of artificial intelligence,
oceanprotocol advocates positive change. Through LighthouseWeb3, Ocean Protocol enables data publishers, markets, and dapps to securely store their information on the elastic Filecoin network.
https://t.co/mENrXCtfhC
- Filecoin (@Filecoin)
January 25, 2024
In addition, investor demand for Filecoin remains strong, with the recent price increase from $5.64 to $6.49 lasting a week. Analysts predict that based on recent chart indicators, Filecoin's price could reach $9.58.
3. Polkadot (DOT)
The latest quarterly update on the Polkadot ecosystem highlights significant growth in network activity and stable transaction fees. With over 1.3 million holders, Polkadot remains a respected network supporting numerous web3 protocols.
Additionally, on-chain data shows that the network has facilitated 30 million transfers, driven by crypto and web3 activity. Separately, the Polkadot team is preparing to roll out several upgrades.
The Polkadot Dapps series ends with one of blockchain’s most popular use cases, NFTs!
Learn more:
Cross-chain and modular NFTs
Create your own NFT collection
Participate in the Launch Pad
️ Collectibles and Gaming Gear
Read more below
1/9
pic.twitter.com/dGsuObsazf
—Polkadot (@Polkadot)
January 23, 2024
The upgrade includes trustless bridges, asynchronous support, and on-demand parachains, designed to meet the growing demand for blockchain services. In addition, these enhancements are designed to increase the network's capabilities and adapt to the changing needs of users.
4. Klaytn (KLAY)
Klaytn's market prospects are brightened by the Klaytn Foundation and the Finschia Foundation joining forces to build a joint ecosystem. This merger has a huge user base of more than 250 million wallets. In addition, KLAY's day trading session is worth mentioning. In the past 24 hours, it rose 2.84% to $0.199101.
Meanwhile, buyers have been busy with an intraday trading volume of $490.24 million. Moreover, the market capitalization of $784 million reflects that KLAY has a solid market share of 0.04% in the market. The market momentum of KLAY is positive with the stock trading above its 200-day simple moving average.
We said 2024 was going to be crazy – we just submitted a governance proposal
Klaytn and finschia blockchain merge to create Asia's largest Web3 ecosystem! Details below
https://t.co/rNsqxxjBsj
pic.twitter.com/mvJHPGdYof
– Klaytn (@klaytn_official)
January 16, 2024
As for the supply, Klaytn currently has 3.48 billion KLAY in circulation, with a maximum supply of 10.95 billion. Over the past year, KLAY's supply inflation rate was 15.34%, creating 463.51 million KLAY.
5. Arweave (AR)
Arweave is showing a bullish trend across various timeframes on the 24-hour chart. It recently broke above the $10 barrier, marking an important breakout that bodes well for further growth. However, it has since pulled back below $9 and is currently trading at $8.72.
Last week, Arweave’s price fluctuated between $9.50 and $10.71, and its market cap is now close to $627 million, approaching the $1 billion milestone. Furthermore, forecasts show that Arweave could reach $16.61 by the end of 2024, showing growth potential.
Arweave is an evolving protocol.
Arweave as a protocol encourages forking for potential improvements.
How to achieve it?
Arweave has laid out a framework that rewards innovative forks.
pic.twitter.com/Lqei9qRX8e
– Only Arweave (@onlyarweave)
January 23, 2024
With solid fundamentals and strong community support, Arweave is poised for future success. In addition, potential collaborations with other networks are also likely to push the AR Coin price above $32.35 by 2024.
6. Meme Kombat (MK)
Meme Kombat has quickly risen to prominence, closing in on its $1 million goal by raising $7,420,173 in presale funding. The project is unique in that it offers an innovative gaming platform tailored for enthusiasts.
We have surpassed the $7.4 million mark in the MK presale
The end is getting closer ⚔️
pic.twitter.com/QdKOPIjv5G
– Meme Kombat (@Meme_Kombat)
January 25, 2024
At the same time, 50% of the MK supply can be obtained in the presale at a price of $1.667 per token, with a fixed cap of $10 million. This strategy is designed to enhance the usability of MK tokens among users, laying the foundation for wider adoption.
In addition, Meme Kombat is preparing to list its token on decentralized exchanges, with 10%’s total supply used to provide liquidity. This strategic move highlights its commitment to enabling decentralized trading of MK tokens.
7. Neo (NEO)
Neo has been a top choice for investors in the Web3 space since 2014. However, on January 22, 2024, it took a big step and joined the Web3 KYC Alliance. With this move, Neo's alliance aims to implement KYC solutions to improve regulatory compliance and user experience.
Neo’s decision further demonstrates its commitment to regulatory compliance and its efforts to improve user experience through innovative KYC solutions. In addition, Neo is actively involved in the development of a smart economy that enables asset management through smart contracts.
Neo ended 2023 on a high note, launching the Neo X pre-alpha testnet and welcoming several prestigious new members to our ecosystem.
Learn more details in the Neo Global Development (NGD) December 2023 Monthly Report.
https://t.co/tS1Vdo0nBW
– Neo Smart Economy (@Neo_Blockchain)
January 19, 2024
With strong partnerships and unwavering support from the crypto community, Neo has the potential to grow significantly. Analysts predict that if Neo announces partnerships with other networks, the NEO token could exceed $41.02 in 2024.
8. NEAR Protocol (NEAR)
NEAR’s recent trajectory has been impressive, with its price surging 300% in the last quarter of 2023 before stabilizing around $3.30, reaching a peak of $4.30. Notably, it encountered strong resistance at the 2.618 Fibonacci Extension on the chart, which is priced at $4.90.
Despite the recent pullback, NEAR remains firmly above its 200-day moving average of $1.70, indicating a sustained long-term uptrend. In addition, Near Protocol’s relative strength index (RSI) is 54, indicating potential bullish momentum that could reach overbought conditions.
One small step for NEAR.
A big step for Web3.
With chain abstraction, your current user base is not limited in scale.
Learn why chain abstraction is the next frontier in Web3:
https://t.co/9BdlxCqA6R
pic.twitter.com/eKCANUFOmp
– NEAR Protocol (@NEARProtocol)
January 24, 2024
Furthermore, NEAR is a layer 1 blockchain that is developer-focused and focuses on usability. Hence, this makes NEAR a token with long-term growth potential. Moreover, it focuses on providing a scalable, secure, and user-friendly platform for cloud computing. Hence, this puts it in a good position for the next phase of DApp innovation.
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Best Altcoins List
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