The upcoming Bitcoin halving has triggered a rally in the crypto market. This rally implies that investors are optimistic about exploring promising coins with growth potential, and a bullish trend is expected. As a result, investors are paying more attention to alternative cryptocurrencies in search of diversified investment opportunities.
However, choosing the right alternative cryptocurrency requires diligence and thorough research. Therefore, this article aims to simplify this task by introducing several noteworthy alternative cryptocurrencies that are worth considering for investment.
The 6 Best Alternative Cryptocurrency Investments Right Now
Bitcoin has fallen below the $64,000 mark, while alternative cryptocurrencies like Fantom, Stacks, and Arweave are gaining attention and are seen as promising investment options for the upcoming alternative crypto season. This interest in alternative cryptocurrencies has increased investor confidence, leading them to actively review and revise their portfolios.
1. Fantom (FTM)
FTM’s native token, FTM, has gained 190% in the past month, making it one of the leading non-meme coin alternative cryptocurrencies on the market. The coin’s value has surged from $0.4 to $1.16, giving it a market cap of $3.29 billion, ranking 44th among all tokens.
Furthermore, FTM is showing positive performance, trading significantly above its 200-day simple moving average. Moreover, FTM has closed higher in 18 of the past 30 days. This uptick is driven by the upcoming Sonic upgrade, which is designed to change the transaction processing speed of the Fantom blockchain. Testing on a testnet, Sonic has achieved remarkable results, processing up to 2,000 transactions per second.
Likewise, its finalization time is 1.1 seconds, which exceeds the capabilities of the current Opera mainnet. Given the increased interest generated by the Sonic upgrade, FTM has gained prominence in the cryptocurrency market.
2. Stacks (STX)
The Stacks community has approved the Nakamoto upgrade, which has attracted the interest of cryptocurrency investors. This upgrade is designed to increase the capacity of the network. STX's value has risen under the influence of this announcement. Stacks has gained 17.34% in the past 24 hours, even surpassing Bitcoin. Similarly, it has surpassed 71% among the top 100 crypto assets in the past year, showing a strong upward trend.
Notably, the Nakamoto upgrade focuses on improving the efficiency of the network. In particular, it emphasizes Bitcoin block times and the maximum extractable value (MEV) associated with Bitcoin transactions. By reducing the possibility of transaction manipulation, miners and validators are expected to easily receive rewards, thereby enhancing the integrity of the network.
Furthermore, technical indicators show that Stacks is trading well above the 200-day simple moving average, indicating bullish sentiment. The project has shown sustained upward momentum, recording 16 days of gains in the past 30 days, accounting for 53% of the cycle.
3. Internet Computer (ICP)
Internet Computer is steadily rising in value, demonstrating resilience amid market volatility. In the past 24 hours, ICP has experienced a commendable rise of 7.20%. Currently, its price is $13.22, which compares favorably to leading cryptocurrencies such as Bitcoin and Ethereum.
Furthermore, ICP’s performance relative to its 200-day Simple Moving Average (SMA) has been impressive. It is currently trading 42.32% above its 200-day SMA, effectively surpassing its long-term average.
Besides the movement in price, the sentiment surrounding ICP’s price prediction is leaning towards bearish. Moreover, the reading of the fear and greed index dropped to 75, with investors in HODL mode. This means that despite the bearish sentiment, investors are optimistic about the returns.
Digging deeper into its fundamentals, Internet Computer stands out with its unique proposition of hosting social networks and other services entirely on-chain. This highlights its potential to shape the future of the decentralized web, in line with the ethics of Web3.
4. Arweave (AR)
Arweave has attracted considerable attention due to its current market performance. In the past year, it has risen at an astonishing rate of 302%, surpassing the top 100 coins including Bitcoin and Ethereum, which have 81%.
Arweave is trading above its 200-day simple moving average, showing a positive performance trend compared to its token sale price. Arweave has closed higher on 17 of the past 30 days, indicating the continuity of its upward trajectory.
Sentiment around Arweave is bullish, with the Greed Index reading at 75. To be clear, this score indicates widespread greed among investors. At the same time, this optimism is not unfounded, as Arweave has strong fundamentals and loyal community support.
Arweave’s potential can grow significantly, especially if the project announces partnerships with other networks. Such partnerships could push AR Coin’s price above $32.35 by 2024, which would be a significant leap.
5. Optimism (OP)
In the first week of March, OP announced a private token sale involving approximately 19.5 million OP tokens, valued at approximately $89.5 million. The announcement generated considerable interest, but the market’s reaction was unexpected.
Optimism’s price dropped from $4.67 to $4.19, a drop of 10.28%. This trend continued in the following week, with OP trading at $3.30, showing a downward trend. However, there are signs of a potential reversal.
Recent market data shows a positive turn for the Optimism cryptocurrency, with OP posting an intraday gain of 2.33%, close to its recent high of $3.60. OP is trading above its 200-day simple moving average, indicating potential bullish momentum. Furthermore, OP has had 15 green trading days in the past 30 days, with the closing price higher than the opening price.
Despite the recent setback, sentiment on OP has been bullish with a Greed Index of 75. Furthermore, OP’s uptrend will continue to push its price to $8.48 by Q4 2024. This forecast represents a significant upside relative to OP’s price of $3.30 in the second week of March, 156.97%.
6. eTukTuk (TUK)
eTukTuk’s presale has raised $2.2 million and investor interest is growing. The project has been recognized for its emphasis on advancing environmental initiatives. In addition, eTukTuk integrates AI-enhanced blockchain technology, laying the foundation for smart infrastructure and promoting real-time green initiatives.
The presale is progressing gradually, and as more funds are obtained, the price of eTukTuk's native token TUK is gradually increasing. The project has a hard cap target of $10.7 million to achieve its planned goals. Currently, the TUK token is worth $0.026 and can be obtained using BNB, USDT or credit/debit cards.
Investors also have the opportunity to stake their tokens, potentially earning up to 1,14% annualized yields. More than 43,914,420 TUK tokens have been staked. The presale has raised more than $1 million, and participants will receive an allocation of 6% out of a total 2 billion TUK supply.
After the presale ends, eTukTuk plans to list TUK on well-known exchanges to enhance liquidity and accessibility. The project’s Telegram community eagerly awaits these listings, believing that eTukTuk’s eco-friendly goals could stimulate demand. With the current momentum of the presale, eTukTuk appears on track to achieve its hard cap goal, marking progress in the execution phase of its roadmap.
Visit eTukTuk presale
Read more
List of the best alternative cryptocurrencies
Our previous best alternative crypto investments articles
Green Bitcoin - Fun Green Staking
Rating
Contract audited by Coinsult
Get early access to the presale now - greenbitcoin.xyz
Predict to Earn Rewards - Featured in Cointelegraph
Staking Rewards and Token Bonuses
Over $7 million raised - Closing soon
learn more
Join our Telegram channel to keep up to date with the latest news
English 
Chinese (China) 
Chinese (Hong Kong) 