Stakeholders are starting to pay more attention to interoperability and tokenizing real-world assets. Despite the bearish market sentiment, these altcoins are surging in value. The goal is to identify the best altcoins that investors can invest in.
As excitement mounts over this year’s bull run, investors need to be aware of the important altcoins that have the potential to grow in the market. This article provides an overview of altcoins that are gaining popularity in the growing cryptocurrency market. These coins have unique characteristics and the potential to generate huge gains for investors.
The 6 Best Altcoins to Invest in Right Now
Maker holders are preparing portfolio structures for the proposed partnership agreement. The token has shown strong resilience, with the Fear and Greed Index reaching 76. Meanwhile, Bonk's astonishing gain over the past seven days is 9%, indicating a clear shift in investor sentiment towards the token.
In addition, Solana’s recent blockchain projects have attracted attention. One of them is Mega Dice, a gaming and gambling token that quickly gained popularity after the presale began. Mega Dice has raised more than $1 million, indicating that there is a lot of interest in this novel concept.
1. Maker (MKR)
Maker has seen notable growth in recent times due to strategic moves by its co-founder, Rune Christensen, who acquired MKR by exchanging a large number of Shiba Inu and Lido DAO tokens, which boosted MKR’s market value in the Ethereum ecosystem and the wider market.
Meanwhile, Maker’s current price is $2,852.34, up 5.71% in the past 24 hours and 5.88% in the past week. In addition, Maker’s price has risen significantly in the past year, reaching an impressive 426%. This performance exceeds the 82% of the top 100 crypto assets.
Maker’s price prediction sentiment is currently neutral, with the Fear and Greed Index at 70, indicating that investor sentiment is ‘greedy.’ Furthermore, it is trading significantly above its 200-day Simple Moving Average (SMA) at 59.83%.
As part of Maker’s ultimate plan, the Lockstake Engine will be introduced after the launch of the new governance token (NewGovToken), aiming to significantly incentivize active participation in governance.
The Lockstake Engine will allow NewGovToken and MKR holders to lock…
In addition, analysts are optimistic about the future of the token in establishing strategic cooperation with other projects. The forecast shows that the maximum price of MKR may exceed $5,219.23, and the average price at the end of the year will be about $4,654.96.
2. Internet Computer (ICP)
Internet Computer has gained a lot of attention within the crypto community due to its unique decentralized approach. Despite recent market challenges, the coin has shown a positive trend, growing by 4.07% in the past day and 12.69% in the past week.
ICP has shown significant growth in the past six months with a gain of 172.78%. The 14-day relative strength index (RSI) is 35.67, which indicates that the market sentiment is neutral and sideways trading is likely. Technically, ICP is going through a correction phase following its recent uptrend.
Moreover, a breakout above the immediate resistance level of $14.84 could signal a return to bullish momentum. ICP is trading 4.61% above its 200-day simple moving average (SMA), which is $11.52.
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ICP has shown positive performance compared to its token sale price and has high liquidity based on its market cap. Analysts predict that ICP will rise further this year. The average price is expected to be around $26.02, with a potential maximum price of $30.17 if the current growth trajectory continues.
3. TRON (TRX)
TRX is stable at $0.1180 and is rising. Its strong performance above $0.120 has caught the attention of investors. TRX is expected to approach the $0.1250 mark soon. If it breaks through the resistance level, it may accelerate to $0.1275 or even $0.1320.
Furthermore, the token focuses on the entertainment sector of the decentralized cyberspace. Its value has grown by 81% over the past year, showing more interest. The total value locked on TRON is also growing steadily, making it more useful in DeFi.
In the past month, TRX has risen by more than 13.6%, from $0.12 to the current price. Its historical highest price is $0.23. Recently, the cryptocurrency market has been volatile, and Tron has performed very well.
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Furthermore, TRX has broken the $0.1220 resistance level and is in line with Bitcoin’s progress. Analysts are optimistic that TRX could surpass $0.1270. Currently, TRX is valued at $0.1245 and has a market cap of $11 billion, ranking 13th. It is competing closely with Solana, showing that it has the potential to grow fivefold and become a significant cryptocurrency investment.
4. Mega Dice (DICE)
Mega Dice is a well-known casino that aims to change GameFi. This token plays a key role in Mega Dice's gamification plan by rewarding existing users and attracting new users. Notably, Mega Dice plans to become a pioneer in crypto casinos, offering daily rewards based on platform performance.
Solana’s recent blockchain projects have attracted attention. One of them is Mega Dice (DICE), a gaming and gambling token that quickly gained popularity after the presale began. Mega Dice has raised over $1 million, indicating that there is a lot of interest in this novel concept.
The Mega Dice presale has been a notable success so far. The project has achieved important funding milestones, demonstrating the strong demand for its tokens. People are eager to get their hands on $DICE tokens due to their easy accessibility and limited supply.
Currently, the price of each $DICE token is $0.075. Interested parties can link their wallets with SOL, ETH or BNB and exchange for $DICE tokens. So far, Mega Dice has sold $16,365,288 of $DICE.
At the same time, they will use 15% for player airdrops, 15% for liquidity pools, 15% for the casino's $DICE pool, another 10% will be used as a reward for token staking, and the remaining 10% will be used for marketing and other protocols.
Mega Dice is ensuring that the presale is inclusive. After the presale is over, they plan to list the $DICE token on decentralized exchanges (DEXs), potentially increasing its popularity.
Visit Mega Dice Presale
5. Jito (JTO)
The Jito team announced the development of the “Eigen layer for Solana” project. The project aims to replicate the success of the Eigen project’s layer solution. If the Jito team can successfully launch this project, it could generate similar excitement and attention, causing the token price to see a crazy rally.
Meanwhile, the token recently became the most popular DeFi protocol on the Solana network last week. It ended the week with a total locked value of $1.04 billion. This huge growth triggered a significant surge in the price of Jito tokens, which rose by 8.5% in a week.
However, this rehypothecation protocol has yet to gain significant traction. In addition, Jito’s recent airdrop had no significant impact on its short-term performance. In the past 30 days, Jito’s token has seen positive price movement for 19 days, showing strong momentum and traction.
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The token is trading at $4.69, having gained 17.89% in the past seven days and 2% in 24 hours. The market is bullish on Jito’s price prediction, with the Fear and Greed Index at 68 (Greed). Furthermore, the token is highly liquid, as evidenced by its market capitalization.
6. Bonk (BONK)
Despite the bearish market, BONK is still showing bullish sentiment. The coin is supported according to the reading of the Fear and Greed Index (70 Greed). In the past 30 days, 26 of the past 30 days have been trading positive, reflecting the optimistic sentiment of investors.
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