Join our Telegram channel to stay updated with breaking news coverage. With the Bitcoin halving approaching in 23 days, investors are stepping up their buying activity, driven by bullish sentiment and a desire to adjust their portfolios. This surge in interest has led investors to explore alternative tokens with growth prospects, turning their attention to altcoins.
However, choosing the right altcoin requires careful consideration and research. InsideBitcoins provides investors with valuable insights by highlighting a number of noteworthy altcoins that deserve investors’ attention.
The 6 Best Alternative Coins to Invest in Right Now
Investors are turning their attention to tokens such as GateToken, Ronin, and PancakeSwap as promising investment opportunities ahead of the upcoming altcoin season. This increased interest has boosted investor confidence, allowing them to actively evaluate and optimize their portfolios.
The pre-sale of eTukTuk has exceeded $2.5 million, attracting investors interested in changing the transportation system in underdeveloped areas. According to Immunefi, Protocol Village reported that in the first quarter, crypto hacking and blanket pulling cases decreased by 23% compared with the same period last year.
1. eTukTuk (TUK)
eTukTuk has raised over $2.5 million in pre-sales and adoption is growing steadily. The project aims to transform transportation systems in developing countries through blockchain technology. By integrating AI-driven optimization, eTukTuk aims to simplify routes, ease 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 your support.
Rest assured, these funds will advance our mission for a sustainable future
https://t.co/4kiTWB8U8Z
—eTukTuk (@eTukTukio)
March 20, 2024
As the presale of eTukTuk progresses, the price of its native token TUK is rising as additional funds are raised. The project has set a hard cap target of $10.7 million and remains actively committed to its planned goals. TUK tokens, currently valued at $0.029, can be purchased using BNB, USDT, or credit/debit cards.
Additionally, investors can stake and potentially receive up to 103% APY returns. More than 48 million TUK tokens have already been actively staked, and pre-sale participants have actively received 6% out of a total supply of 2 billion TUK tokens. After the pre-sale phase, eTukTuk plans to list TUK on leading exchanges, thereby increasing liquidity and accessibility for investors.
Visit eTukTuk presale
2. GateToken (GT)
GateToken has seen bullish sentiment recently, leading to a healthy increase in its RSI of 55.36. Its price has increased by 17.14% in the past 24 hours, setting its value at $10.17. In line with this rapid rise, the Fear/Greed Index has risen to 80, indicating an increase in trading volume.
Meanwhile, GateToken is trading at $10.16, showing strong liquidity based on market cap. Additionally, it has an annual inflation rate of -10.89%. This deflationary position suggests more growth due to scarcity. GateToken's yearly performance also reflects this growth, with a YTD gain of 96%.
Likewise, it has been trading steadily above its 200-day simple moving average. Notably, it has exceeded its token sale price, proving its value proposition to investors. Analyzing its recent trends, GateToken has enjoyed 22 green trading days in the past month, indicating a positive trajectory. Moreover, in the past 30 days, 73%’s daily closing price has exceeded its daily opening price.
3. SingularityNET (AGIX)
The Artificial Intelligence sector has been moving northwards over the past 24 hours due to significant developments taking place within the field. SingularityNET, Fetch.ai, and Ocean Protocol have captured the market’s attention with news of a merger that aims to change the landscape of the AI sector. Dubbed the “Alliance for Artificial Superintelligence,” the partnership aims to birth the largest open-source, decentralized network to accelerate the development of Artificial General Intelligence (AGI).
As a result, AGIX, the native token of SingularityNET, printed green in the past intraday trading session. The news of the collaboration triggered a positive sign wave that pushed the price of AGIX up by 3.27% to $1.37. Moreover, the market sentiment has remained bullish; investors have pushed the Greed Index up to 80 and continued to trade the token.
“We are excited to announce a multi-billion token merger with @Fetch_ai and @oceanprotocol to create the Artificial Superintelligence Alliance, the largest open-sourced, decentralized network, and accelerate the race to AGI. Learn more: https://t.co/zT8Q1HbkEv pic.twitter.com/2U3VbeFfW5 — SingularityNET (@SingularityNET) March 27, 2024
SingularityNET has performed exceptionally well over the past year, with its price surging by 207%, surpassing 67% among the top 100 assets. Moreover, it is steadily above the 200-day simple moving average, indicating positive momentum. SingularityNET's liquidity remains strong, supported by the market capitalization, with 15/30 green trading days, reflecting high investor confidence.
4. PancakeSwap (CAKE)
PancakeSwap’s dominant trading activity on the BNB chain enabled it to process over $1.3 billion on March 26. CAKE has been on an upward trend over the past three days, rising from $4.1 to $4.66. After experiencing an intraday gain of 6.02%, the token price reached $4.67. Meanwhile, CAKE’s market sentiment remains bullish, accompanied by a Greed score of 80.
Furthermore, the token’s performance has brought its gains to 26% year-to-date, indicating sustained growth. Moreover, CAKE is confidently trading above its 200-day simple moving average of $2.75. In the past 30 days, PancakeSwap has recorded 18 green trading days, reflecting a positive trend in trading activity. Moreover, based on the high liquidity of its market capitalization, PancakeSwap presents a promising investment opportunity.
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