The crypto market is currently trading relatively quietly as traders are limiting their market activity. Despite this, the overall market outlook is positive, and a green candle is expected soon. This presents a good opportunity to invest in altcoins. For this reason, InsideBitcoins gives you insight into the best altcoins to invest in.
Flare (FLR)
Flare has shown a strong bullish trend lately, with a 0.02% market dominance, securing four consecutive green days. The price of FLR has moved to $0.023234, and it is up 3% in the last 24 hours. The token’s 24-hour trading volume is $49.36M, and it has a market cap of $342.70M. The future seems bullish for FLR, as it has a neutral Fear & Greed Index at 51.
Render (RNDR)
Using the official RENDER Upgrade Portal for the upgrade from RNDR to RENDER, which occurs about every 30 days, the total RENDER upgraded undergoes division into a pool of 95,071 RENDER. The price prediction for Render Token is bearish. Nonetheless, the news about the upgrade payment has boosted RNDR’s future outlook, with a bull believed to be close. The yearly overview backs the bulls as RNDR surged by 671%, trading above the 200-day simple moving average, demonstrating high liquidity based on its market cap.
Siacoin (SC)
Siacoin has shown a resurgence to a cycle high at $0.064627 after emerging from a recent cycle low. The coin has experienced a 283% increase, consistently maintaining levels above the 200-day simple moving average, and has had a 19/30 Green Day showing strong performance. As a result, Siacoin is worth considering, with an engaged crypto community and solid fundamentals
Celestia (TIA)
Celestia has rewarded investors in 2024 with a 460% value increase, shooting its value to over $17. TIA’s current trading price is $17.69, reflecting a 0.73% increase over the last 24 hours. The coin currently stands close to its cycle high and boasts strong liquidity from its market capitalization, with TIA surging to $17.85 and showcasing robust performance.
NEM (XEM)
NEM, which boasts a versatile blockchain platform, has risen over 32% in the past year, trading near its cycle high. NEM’s market cap underscores high liquidity, reinforcing its position on the Binance exchange. Its strength lies in its vibrant, active community and robust developer ecosystem, making it a promising candidate for further gains.
Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix is gaining widespread attention with its stake-to-mine platform, which is guaranteed to open up mining rewards to retail investors. The $BTCMTX native token, driven by its staking utility, is experiencing a surge in demand. The interest in the $BTCMTX presale has increased, successfully raising an impressive $8,813,068 by offering tokens at a rate of $0.0129 within the last two weeks.
Hot Take
In the current market environment, several altcoins are showing strong bullish trends and future growth prospects. Therefore, it is a good time for investors to consider altcoins such as FLR, RNDR, SC, TIA, XEM, and BTCMTX for potential future returns.
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