๐ 5 Best Altcoins to Invest in Right Now ๐
Traders are adding promising tokens to their portfolio, as the Fear&Greed index is close to its all-time high. With the big market players out of reach, altcoins offer investment opportunities to capitalize on the ongoing upward trends. Nonetheless, effectively choosing the right altcoin for oneโs portfolio requires commitment and thorough research. Hence, this article pinpoints several standout altcoins that investors should contemplate, aiming to simplify this selection process.
1. Stacks (STX)
The Stacks ecosystem has reached another all-time high (ATH) in Total Value Locked (TVL). This feat indicates growing confidence from users and developers in the ecosystem. Moreover, the number of core contributors to the ecosystem has significantly increased over the past few weeks. This growth signifies a surge in interest and participation, drawing investorsโ attention to its native token, STX.
- The total cumulative number of $STX wallets has risen by over 20% in just two months.
- STX has climbed from around #60 to #34 in the coin market cap rankings within a year.
- Experts anticipate further ascent, projecting a potential entry into the top 20 around the BTC halving.
2. Helium (HNT)
Entering 2024, Helium has showcased strong performance, indicating resilience and sustained momentum. HNT has risen by 37%, reflecting ongoing investor confidence. Moreover, the current Fear & Greed Index sits at 72, showing a prevailing sense of greed among investors. Hence, investors are actively buying as the altcoin market shows signs of a bull run.
- The current token price remains positive, trading 346.15% above the 200-day Simple Moving Average of $2.25.
- Helium experienced 17 green trading days last month, representing 57% of the total days.
- Industry experts project a potential surge of 1398% by 2029, reaching $64.72.
3. Jupiter (JUP)
Jupiter (JUP) recently joined the market with its Solana-based liquidity offering. It made headlines with its launch on February 1. Market sentiment toward Jupiter (JUP) seems positive, supported by a Greed reading of 72 on the Fear & Greed Index. The token is above its 200-day SMA, signaling an upward trend.
- Jupiter Work Groups (JWGs) initiative led by the projectโs founder has boosted investor confidence.
- The introduction of JWGs has notably boosted investor confidence, increasing trust levels in the market.
4. eTukTuk (TUK)
The eTukTuk presale has exceeded $1,030,818 in funds raised. Investors are showing keen interest in this web3 startup, drawn by the opportunity to buy and stake for 216% Annual Rewards. Additionally, the eTukTuk protocol is committed to advancing green initiatives through innovative solutions utilizing AI-driven efficiency.
- eTukTuk continues attracting attention, evident in its growing community and impressive presale.
- The project pioneers smart infrastructure utilizing AI-enhanced blockchain technology, advancing real-time green initiatives.
5. Manta Network (MANTA)
Manta Network is a new entrant in the crypto market and boasts substantial upside potential. The recent token sale resulted in a notable surge in value post-sale. Moreover, Manta Network enjoys high liquidity, as evidenced by its market capitalization, enhancing its attractiveness to investors seeking assets with stable trading conditions.
- Manta Network plays a pivotal role within the crypto ecosystem, empowering users to develop and deploy decentralized applications (dApps) based on Solidity.
- It maintains lower gas fees than Layer-twos, giving it a technological edge that positions it favorably for widespread adoption.
Given the potential of these altcoins, it is advisable for investors to conduct thorough research and consider these standout altcoins for their portfolio.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.