As the Bitcoin halving event approaches, the Altcoin market cap has reached $309.979 billion, down from yesterday. However, experts believe that investors are investing in Bitcoin ahead of the Bitcoin halving event. As expected, the halving is usually followed by the Altcoin season.
At this point, investors are buying the dip, anticipating the next bull run to bring in tidy profits. InsideBitcoins provides valuable insight by highlighting a number of noteworthy altcoins that deserve investors’ attention.
6 Best Altcoins to Invest in Right Now
Investors are turning their attention to tokens such as Core, Maker, and Bittensor as promising investment opportunities, anticipating the next bull cycle to come. This increased interest has boosted investor confidence, prompting them to evaluate and adjust their portfolios.
Meanwhile, Bitcoin Minetrix has garnered a lot of market attention during its ongoing presale phase, raising an impressive $12.82 million during the period. Meanwhile, the crypto bull run saw Solana and Dogecoin trigger $400 million in liquidations across major trading pairs.
1. Core (Core)
CORE gained ground across multiple exchanges, rising to a 52-week high of $3.68. This price movement saw a respectable gain of $36.3 in just one day. Hence, the breakout in CORE sparked speculation of a major recovery.
The Core token started a recovery process in late March, rebounding from the $0.534 support level. In two weeks, it experienced a staggering growth of 547% to reach a trading value of about $3.5.
As of today, the price of Core DAO is $3.47, showing a one-day gain of 24.48%. The trading volume experienced a similar trajectory, surging by 56.49% to $692,957,902.
1/
#CoreIgnition
We have entered a new phase, opening the door to everyone who wants to join the BTCfi revolution. No invitation code is required, just open
https://t.co/NxO5ZFsDQA
and explore the Core ecosystem
pic.twitter.com/tXtsrlsoXf
— Core DAO (@Coredao_Org)
April 1, 2024
In the past 30 trading days, Core has printed 17 green candles, with the closing price exceeding the opening price. In addition, it has outperformed 51% of the top 100 crypto assets in the past year.
Core is trading 391.65% above its 200-day simple moving average at $0.703124, indicating strong market momentum. Moreover, its 24-hour volume-to-market cap ratio is 0.0368, indicating ample liquidity relative to its market cap.
2. Bittensor (TAO)
After the AI and gaming market frenzy cooled, Bittensor is making a comeback, probably due to the approaching Bitcoin halving. TAO’s price rose by 11.61% in one day to $564.05.
The market capitalization also increased significantly by 11.13%, surging to $36,613,310,844. Moreover, the trading volume increased by 64.43%, reaching $7,520,899,898 during the same period. In line with this, the market sentiment for TAO is bullish, with the Greed Index at 79, pointing to active token trading.
Another indicator that Bittensor is performing well is its 200-day simple moving average, which is currently trading above 359.04%, which is equivalent to an SMA of $122.07. Moreover, the price of Bittensor has surged 798% in the past year. At this point, it has performed better among the top 100 crypto assets, including Bitcoin and Ethereum.
3. Maker (MKR)
Maker plans to invest $60 billion of DAI into USDe and collateralized USDe (sUSDe) to improve the blockchain sector. The move is intended to boost the growth of Ethena Labs, using the decentralized finance lending protocol Morpho Labs. Meanwhile, the news has received positive attention from the market, with Maker rising 2.14% in the latest trading session. Investors are optimistic about MKR, and the Greed Index shows that investors are trading more and more.
Meanwhile, Maker’s annual inflation rate is -5.42%, a deflationary trend that could boost the token’s value. MKR is trading above its 200-day simple moving average, having experienced 19/30 green trading days. In addition, Maker’s liquidity, measured by a 24-hour volume-to-market cap ratio of 0.1151, underscores its strong position.
Maker DAO deployed a 100 million DAI direct deposit module on Spark’s sUSDe/DAI and USDe/DAI markets via Morpho Blue, providing over-collateralized scalable liquidity to users interested in increasing exposure to Ethena assets.
pass
@sparkdotfi
, we work with…
pic.twitter.com/AEZlUASGsT
— Maker (@MakerDAO)
March 29, 2024
Maker DAO's strategic investment in USDe and sUSDe through Morpho Labs demonstrates its positive attitude towards capitalizing on the current market. This move will promote further growth and development of the Ethena Labs ecosystem and strengthen Maker's position in the decentralized finance sector.
4. Bitcoin Minetrix (BTCMTX)
The Bitcoin cloud mining space has its challenges. It is plagued by scams and unreliable operators that make false promises of high returns. These issues have cast doubt on cloud mining as a viable investment option.
In response,
Bitcoin Minetrix
Through an innovative Stake-to-Mine mechanism driven by smart contracts, Bitcoin Minetrix is revolutionizing the cloud mining industry. Running on Ethereum, Bitcoin Minetrix enables users to stake and burn tokens to gain mining hash power. This creates a secure and efficient ecosystem that addresses the shortcomings of traditional cloud mining.
In addition, the project has attracted a lot of market attention in the current pre-sale phase, raising an impressive $12.82 million. A total of 760,577,896 BTCMTX tokens have been staked on Bitcoin Minetrix, providing an estimated annual return of 55%. The current return rate is 158.5 per ETH block.
distance
#BitcoinMinetrix
Only 3 days left until the end of Stage 35! ⏳
Do you think government regulation is
#Bitcoin
Does mining have a significant impact? ️
pic.twitter.com/aiLtMxZy7h
— Bitcoinminetrix (@bitcoinminetrix)
April 2, 2024
As the Bitcoin Minetrix presale phase 35 enters its final stages, investors still have three days left before the price increases. Therefore, this presents an opportunity to take advantage of the current token price.
Visit Bitcoin Minetrix Presale
5. Bitget Token (BGB)
Bitget Token’s gains over the past seven days have allowed it to break through the $1.094976 barrier. Notably, BGB is close to its cycle high of $1.094930 and close to its all-time high of $1.151110. Investor sentiment continues to be bullish and new all-time highs are imminent.
This sentiment is accompanied by a Greed Index of 79, suggesting that the market will continue to rise. Meanwhile, BGB is 138.79% above its 200-day simple moving average, which is $0.458521. This stability highlights its strong performance and continued upward trend. In the past 30 days, Bitget Token has recorded 16 green trading days, accounting for 53% in this period.
More than 29M
$BGB
and 31M
$USDT
Already in
#Bitget
Launchpool
$DOPE
pledged for planting.
Don't miss out, get your share of 333,3330 DOPE now:
https://t.co/snY74q8hXR
@myDopamineApp
pic.twitter.com/QZb8SF2UrJ
— Bitget (@bitgetglobal)
April 2, 2024
Moreover, its price has increased by 173% in the past year, outperforming 67% among the top 100 crypto assets. Impressively, it also outperformed Bitcoin and Ethereum in this regard. With high liquidity supported by its market capitalization, Bitget Token offers an opportunity for investors.
6. Pocket Network (POKT)
Pocket Network (POKT) has broken above the critical $0.25 resistance level with a massive volume surge. Eyes are now turning towards the $0.50 mark, with investors anticipating another major rally, fueled by the DePIN theory.
In addition, Pocket Network’s trading price has increased by 5.29% in the past week to $0.212953. In addition, POJT’s one-day trading volume has surged by 321.98% to $6,309,798, indicating increased market activity.
POKT gained 387% on an annual basis, outperforming both Bitcoin and Ethereum. The surge in price and transaction volume highlights the growing momentum behind Pocket Network.
This Week In POKT
• Two protocol parameters were updated to create space for new blockchains and gateways.
• A proposal to upgrade the POKT DAO’s governance model was published on the forum.
• Issued a call to action to creative talent within the community through a new bounty program.
pic.twitter.com/5wJYmnkGI4
— Pocket Network (@POKTnetwork)
March 30, 2024
Furthermore, this price increase is driven by the DePIN theory and growing investor interest. As the project continues to move upward, attention is focused on its potential to reach new milestones. Therefore, investors are closely watching its progress in the expectation that it will reach its target of $0.50.
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