The market is picking up, and the memecoin industry and the Solana ecosystem are currently on an upward trend. This positive dynamic has led to investors stepping up their buying activities to rebalance their portfolios. Moreover, this rise in interest has prompted investors to start investigating alternative cryptocurrencies with growth potential, thereby focusing on other coins.
However, choosing the right alternative cryptocurrency requires thorough analysis and research. InsideBitcoins provides valuable guidance by showcasing several well-known alternative cryptocurrencies that are worthy of investors’ consideration.
The 6 Best Alternative Cryptocurrency Investments Right Now
Investors are focusing on tokens like dogwifhat, Solana, and Jupiter as promising investment opportunities in the upcoming alternative cryptocurrency season. This surge in interest has boosted investor confidence, allowing them to actively evaluate and improve their portfolios.
eTukTuk’s pre-sales have already surpassed the $2.6 million mark, attracting investors eager to revolutionize transportation systems in underdeveloped areas.
Ethereum leads the NFT market with over $11 million in daily sales.
1. eTukTuk (TUK)
eTukTuk’s presale surpassed the $2.6 million mark, demonstrating strong adoption and marking an important milestone for the project. Its core mission is to reform transportation systems in developing countries through blockchain technology. As such, eTukTuk integrates AI-based optimization technology to streamline routes, ease traffic congestion, and reduce fuel consumption.
As the presale progresses, the price of its native token, TUK, has steadily increased with each additional monies received. Currently priced at $0.029, TUK tokens can be purchased using BNB, USDT, or a credit/debit card. Additionally, investors can actively stake their tokens to earn an annualized yield of up to 101%. Over 48 million TUK tokens have been staked, and presale participants actively earned 6% out of a total supply of 2 billion TUK tokens.
Looking ahead, eTukTuk plans to list TUK on exchanges after the pre-sale, thereby enhancing liquidity and accessibility for investors. This strategic move aims to consolidate the project's position in the market and provide a wider range of opportunities for investor participation.
2. dogwifhat (WIF)
The Solana ecosystem is growing rapidly, with Dogwifhat (WIF) leading the way. WIF is experiencing an upward trend, becoming the third largest coin in the memecoin industry by market capitalization. In the past seven days alone, WIF has gained 59%, surpassing PEPE and ranking 39th in the global market capitalization ranking.
As of this writing, Dogwifhat is priced at $4.59, reflecting an intraday gain of 26.84%. Furthermore, market sentiment is optimistic, with the Greed Index at 75 showing a positive outlook among investors. Over the past month, Dogwifhat has been in the green for 17 consecutive days, with the closing price always exceeding the opening price.
Furthermore, Dogwifhat’s bullish trend is in line with its Relative Strength Index (RSI), which remains firmly in the bullish territory. Moreover, the Directional Movement Index (DMI) confirms this bullish sentiment, indicating the presence of a strong uptrend for the memecoin.
Therefore, analysts expect Dogwifhat to maintain its upward trend in the coming days, projecting it to reach a new high of $5 in the near term. Likewise, the ambitious predictions hint at a possible double-digit price before the end of the year. This reflects the growing optimism about the prospects of the memecoin.
3. Core (CORE)
Core’s market performance, marked by notable project launches, has put it in the spotlight. Recently, the platform launched Core Ignition, a six-month incentive program within the BTCfi ecosystem. The program aims to increase growth and adoption by rewarding contributions to the Core ecosystem. At the same time, the program has a special focus on asset bridging and exploring decentralized applications.
In addition, coreBTC was launched on Core Chain, enabling users to securely bridge their BTC on Core Chain and experience a DeFi experience related to Bitcoin. In addition, coreBTC allows Bitcoin holders to use their assets within the vast DeFi space of Core Chain. In addition, it has two main goals: to keep Bitcoin trustless and secure, and to unlock its potential as a core asset in the future of DeFi.
Based on these collaborations, Core has gained with a gain of 12.82% and is currently priced at $1.239754. Meanwhile, investors are optimistic about Core, in line with the Fear and Greed Index of 75. Core DAO is trading 80.96% above its 200-day simple moving average, currently at $0.703124. Likewise, 16 positive price swings have occurred in the past 30 days, resulting in green candlesticks. These developments highlight the momentum of the Core ecosystem and the potential for further growth and adoption.
4. Solana (SOL)
SOL has also benefited from the positive momentum in its ecosystem, resulting in a gain of 12% in the past seven days to $198.13. This rally is in line with the bullish sentiment of investors and is supported by the Fear & Greed Index of 75. Over the past year, Solana has achieved significant growth, gaining 8,64%, surpassing the 95% of the top 100 coins.
Likewise, the coin is trading above its 200-day simple moving average, indicating sustained momentum. Most of the past 20 consecutive green trading days have seen the closing price be higher than the opening price, showing Solana’s continued uptrend. Moreover, its liquidity remains high, supported by a large market cap.
Leading cryptocurrency exchanges, including Binance and Bybit, reported significant holdings on Solana, reaching $1.3 billion and $745.2 million, respectively. The influx of institutional and retail investors shows Solana's position as a first-class blockchain platform that accommodates a variety of financial instruments and applications. In addition, Solana's total locked value (TVL) reached a staggering $4.901 billion, highlighting its massive growth and adoption in the DeFi ecosystem.
5. Jupiter (JUP)
In line with the overall upward trend of the Solana ecosystem, JUP has been moving northwards over the past few days, rising by 20% on March 30. This rise has attracted the attention of investors as they predict that it will continue to grow. Meanwhile, market experts attributed this significant rise to Jupiter revealing its Core Working Group (CWG) budget proposal vote. This rollout marks a significant progress for the Solana landscape.
The main goal is to strengthen its ecosystem and give greater power to community-driven initiatives. The proposal aims to redefine Jupiter's development trajectory. As a result, it positions JUP as a leading decentralized finance (DeFi) player in the Solana ecosystem.
The CWG budget proposal vote is now underway! This vote is important for setting up the first Jupiter Working Group, setting a precedent for advancing DAO initiatives.
The CWG has spent a week engaging in community discussions and presenting their 2024 budget…
pic.twitter.com/jYk8XAU9JZ
— Jupiter (@JupiterExchange)
March 29, 2024
In order to sustain its operations and foster long-term growth, the CWG has proposed a comprehensive funding plan. This plan includes a 12-month fee budget of $450,000 to cover operational costs, and a 2-year allocation of a total of 4.5 million JUP tokens, unlocked over two years. This move highlights Jupiter’s commitment to innovation and community engagement. As such, it paves a promising path for Jupiter’s future endeavors in the vibrant Solana ecosystem.
6. Immutable (IMX)
Launched in 2021, Immutable X has revolutionized NFTs on Ethereum by solving scalability and gas fee issues. Using zero-knowledge Rollups technology, it performs transactions outside the Ethereum network, ensuring faster processing and lower fees. In addition, this Immutable facilitates the minting and trading of NFTs, which is very important for the emerging GamFi industry.
Moreover, its market performance shows that Immutable X is trading at $3.14, having gained 4.45% in the past 24 hours. This bullish sentiment is consistent with the Fear and Greed Index of 75, indicating investor optimism.
Over the past year, Immutable X has gained 187%. It is above 66% among the top 100 cryptocurrencies. Meanwhile, it is trading 246.05% above its 200-day simple moving average, which is currently at $0.907224. Immutable X’s strong performance relative to its token sale price highlights its market resilience. Moreover, it offers promising opportunities for investors.
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