With the upcoming Bitcoin halving set to begin in 25 days, investors are under increasing pressure to buy in order to update their portfolios. This move reflects the bullish optimism among investors, prompting them to explore promising tokens with growth potential. In this regard, investors are beginning to look at alternative coins to diversify their investment channels.
However, choosing the right altcoin requires thorough research and diligence. InsideBitcoins simplifies this process by highlighting some notable altcoins that are worth investors’ attention.
The 5 Best Altcoins to Invest in Right Now
Investors are increasingly eyeing tokens like IOTA, Injective, and Fetch.ai as lucrative investment opportunities in the upcoming altcoin season. This increased interest has boosted investors’ trust, prompting them to actively review and improve their portfolios.
eTukTuk’s pre-sale has already raised over $2.4 million, attracting investor attention as it aims to transform transportation systems in developing regions. In addition, Bitcoin has risen 7% over the past week, retaking the $70,000 mark.
1. Fetch.ai (FET)
Since the beginning of the year, the acceptance of artificial intelligence (AI) tokens has been increasing due to the increasing use cases and projects of AI tokens. In view of this, the AI field has held several events to promote development, such as the NVIDIA AI Conference in San Jose, California. Several AI tokens, including Fetch.ai, which is known for its versatility, have benefited from this attention.
Furthermore, with the growing interest in AI tokens, the price of FET is also rising year by year. In the latest trading, the price of Fetch.ai has increased significantly by 12.26% to $2.83.
Furthermore, FET’s ongoing uptrend has seen its price increase by 697% over the past year. Due to this impressive performance, FET has outperformed 91% of the top 100 crypto assets, including Bitcoin and Ethereum. Likewise, Fetch.ai is currently trading 232.60% above its 200-day simple moving average, indicating continued positive momentum.
On the trading line, Fetch.ai’s performance remains strong, closing with a green candle on the 17/30 day. Moreover, it is trading close to its cycle high at 2.93% and has high liquidity according to its market cap. In view of this, market experts expect Fetch.ai to grow further. This prediction is mainly attributed to the promising developments and the anticipation of the upcoming bull run in the crypto market.
Forecasts suggest that Fetch.ai could surpass $4 and reach $4.14 by 2024. These forecasts reflect the growing confidence in the company’s trajectory. Therefore, investors are closely watching the project’s progress.
2. Injective (INJ)
Despite being in its early stages in the blockchain space, Injective has already attracted considerable attention. The project has attracted numerous decentralized finance (DeFi) projects to enhance the infrastructure of its ecosystem. In addition, the DeFi space is expanding rapidly, and recent successful funding rounds highlight its importance.
In addition, the project has launched new collaborations with Noble and Clusters. Injective’s partnership with Noble means it can directly access USDC issued on the platform. As a result, users can now directly access native USDC through various dApps in the ecosystem, including HelixApp. In addition, the official integration of Injective and Clustersxyz allows for unified identity between Ethereum, Injective, and Solana.
These collaborations have created a buzz for the INJ token, leading to a 9.33% increase in its value. Injective is currently trading at $40.35 with a 24-hour trading volume of $700.75 million. Meanwhile, sentiment analysis shows a bullish outlook, suggesting that the uptrend will continue. As a result, the Greed Index has increased to 81, indicating an increase in buying pressure.
Injective is trading above 266.48% relative to its 200-day simple moving average. This shows that it is performing positively compared to its token sale price and is close to its cycle highs. Moreover, it is ranked fourth in the AI crypto space and has high liquidity according to its market cap.
3. THORChain (RUNE)
The recent rise in the crypto market has boosted THORChain's growth, bringing it close to its all-time high. Although it briefly fell below the $11 mark, THORChain quickly rebounded and returned to a price of $7.63. Nevertheless, RUNE has risen 594% over the past year and has an outstanding performance in 2024, making it one of the biggest winners in the crypto market.
THORChain is trading at $9.64, up 11.95% on the day. Moreover, the market sentiment for THORChain is bullish as the Fear/Greed Index of 81 shows increased trading of the token. Moreover, THORChain has outperformed 87% of the top 100 crypto assets over the past year, surpassing Bitcoin and Ethereum.
THORChain is trading positively against its 200-day simple moving average, showing a positive return against its token sale price. Despite a notable drop of 22.84% on its weekly chart, fluctuating between $7.3 and $11.4, THORChain has a great potential for further upside. At this point, experts predict that it could surpass the $11 threshold, retesting its all-time high of $19.
THORChain has a market cap of $2 billion and ranks 47th among the leading cryptocurrencies. The coin exhibits high liquidity according to its market cap. Moreover, it has closed in the green 17 out of the past 30 days, accounting for 57%.
Despite THORChain’s recent volatility, its resilience and positive performance indicators suggest that it has tremendous growth potential. Investors and enthusiasts are keeping a close eye on THORChain as it continues to make significant inroads in the crypto market.
4. IOTA (IOTA)
Bloom and Transak have partnered to create a secure wallet hub that simplifies the trading of tokens and NFTs. Its goal is to serve as a gateway to discover new decentralized applications (dApps) and optimize DeFi investments. Through this integration, investors can buy IOTA directly from Bloom's user-friendly wallet, which is available on Linux, Mac, and Windows platforms.
The news of this collaboration led to an increase in the price of IOTA. The coin has gained 12.56% in the past 24 hours and is trading at $0.367530. Moreover, its price has increased by 79% in the past year and has remained above the 200-day simple moving average.
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In terms of its recent performance, IOTA has achieved 20 consecutive gains, with 67% of the past 30 days closing higher than opening. Its high liquidity is reflected in its market capitalization, indicating a favorable trading environment. The market sentiment towards IOTA remains bullish, as can be seen from the Fear and Greed Index rating of 81, indicating extreme greed among investors. This sentiment is consistent with further gains in the price of IOTA.
5. eTukTuk (TUK)
eTukTuk has already attracted investors' attention with a presale of over $2.4 million as it aims to improve transportation systems in developing regions. eTukTuk is committed to using blockchain technology to improve the sustainability of urban transportation networks. By integrating AI-driven optimization, the project aims to simplify routes, reduce traffic congestion, and reduce fuel consumption.
We've reached a major milestone, raising $2 million in our presale! Thank you to our incredible community for supporting us. Rest assured, these funds will fuel our mission for a sustainable future. https://t.co/4kiTWB8U8Z
In addition, the presale of eTukTuk is being conducted in stages, with the price of its native token TUK gradually increasing as additional funds are received. The hard cap target for the project is set at $10.7 million, and the project is steadfast in achieving its stated goals. Currently, the TUK token is valued at $0.029 and can be purchased using BNB, USDT, or a credit/debit card.
In addition, investors will have the opportunity to stake their tokens, potentially earning up to 105% APY returns. More than 47 million TUK tokens have already been staked, and pre-sale participants will receive 6% of the total supply of 2 billion TUK tokens. After the pre-sale phase, eTukTuk intends to list TUK on exchanges, thereby increasing liquidity and accessibility for investors.
Visit eTukTuk presale
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