5 Best Altcoins to Buy Now April 29

Historical data of previous bull cycles suggests that the Bitcoin rally typically precedes the explosion of the following cryptocurrencies to experience significant growth. However, the current crypto market performance contradicts popular predictions. This observation explains why many traders believe that funds from the Bitcoin uptrend often rotate into altcoins.

Given the current market dynamics, it is imperative to reassess our predictions. We analyze the performance of several altcoins worth considering. Our primary objective is to identify and detail potential investment opportunities.

5 Best Altcoin to Buy Now

Helium has introduced Hotspots powered by 5G, facilitating faster speeds and reduced latency. The project’s primary focus is to provide a realistic solution without making exaggerated claims. HBAR also experienced a significant increase of 100%, reaching $0.18.

Meanwhile, investors are actively looking for crypto tokens that can offer significant returns. Many popular cryptos in the last seven days are well-established projects. The list also includes 5th Scape, a new cryptocurrency with promising potential in its presale. Details about the project and the opportunities it offers are covered in the updates below.

1. Helium (HNT)

Helium has introduced Hotspots powered by 5G, facilitating faster speeds and reduced latency. The project’s primary focus is to provide a realistic solution without making exaggerated claims.

Helium Hotspots generate HNT tokens, which incentivize owners to maintain and expand the network. Holders of HNT tokens can also pitch in to operate validation nodes, improving network security and governance. If it lives up to every expectation and the market remains bullish, it will be one of the upcoming cryptocurrencies to experience significant growth.

HNT is trading at $5.30 today, representing an increase of 13.05% in the last 24 hours. Its market dominance is at 0.03%, with a notable increase of 124% over the past year. Helium is trading 83.47% above the 200-day SMA, indicating possible overbought. Despite a 30-day volatility of 17%, liquidity remains strong, with a volume-to-market-cap ratio of 0.0407.

Helium experienced a price drop below the 23.6% zone the previous week. This downturn was the result of a bearish trend. Buying activity was minimal during this period, with sellers consistently adding to short positions. However, the current week indicates a positive shift.

🗣️ MOBILE Network HIP 119, Closing Game Loopholes within the MOBILE Network, is now open for discussion! 💬

— Helium Foundation 🎈 (@HeliumFndn) April 26, 2024

However, investors can look past the recent bearish trend as analysts predict that the trend is temporary. HNT’s price is up 126% YTD, outperforming 65% of the top 100 crypto assets. Although sentiment around HNT price forecast is bearish, the Fear & Greed Index registers a reading of 70 (Greed). This index shows increased token transactions, which promotes optimism for a potential uptrend.

2. Near Protocol (NEAR)

NEAR Protocol provides a software solution for developers to build decentralized applications. It uses sharding to divide the network into segments, improving transaction speed and scalability. Each computer, or node, handles a portion of the network’s transactions.

The token has gained a reputation as a fast-growing blockchain that has accumulated more than $309 million in Total Value Locked (TVL). The token is currently among the top 20 valuable digital assets. With a fully diluted valuation of about $8 billion and a daily average traded volume of about $802 million, NEAR is gaining traction.

An analyst noted that the NEAR protocol shows promise, especially compared to Ethereum, because of its focus on artificial intelligence (AI). Last year, Illia Polosukhin, one of the co-founders of NEAR protocol, emphasized AI as a significant focus for the platform heading to 2024.

NEAR DA goes to @nodekitorg, giving rollup developers the opportunity to unlock data availability that’s incredibly fast, cost-effective, and powered by NEAR.

See for yourself: https://t.co/q0XGWX2616 https://t.co/xRPAYVqPfm

— NEAR Protocol (@NEARProtocol) April 26, 2024

Furthermore, NEAR’s price is $6.84, reflecting a 253.76% YTD increase. His trading charts indicate a previous resistance level that may become support. According to the Elliott Wave sequence, the trend looks optimistic, with expectations for further highs. The crucial aspect is early involvement, especially during the ICO phase.

3. 5th Scape (5Scape)

5th Sheep is a unique online VR gaming platform. The project aims to transform user interactions with virtual environments by combining innovation with entertainment. Recent data on virtual reality (VR) gaming shows a steady upward trend, offering promising opportunities for investors.

Research suggests that revenues in the VR industry will soar to unprecedented levels. With the innovations that the 5th Scape will bring, it has the potential to be one of the next cryptos to experience explosive growth.

Furthermore, the growing demand for immersive experiences and advancements in VR technology will drive this growth. As a result, analysts and experts expect the user base to exceed 6.887 million by 2030, representing a significant increase of 104.9%.

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This move aims to provide more options for consumers and create a larger ecosystem for developers in the mixed reality space. Horizon OS Features… pic.twitter.com/3VANaxkq0d

— 5th Scape (@5th_scape) April 25, 2024

Additionally, the token allows users to access premium VR content and enhance gaming experiences. This unique digital currency facilitates special features in games and fosters connections within the platform community, indicating potential growth in VR.

5th Sheep raised $5,676,480 in the ongoing presale, indicating significant investor interest. The coin’s listing price is $0.00327, potentially increasing by 365.12%. Investors may consider taking advantage of the current price before it rises further.

Visit 5th Scape Presale.

4. Kucoin (KCB)

Although investors have bearish sentiment towards KuCoin, the token posted a fear and greed index of 72, suggesting investor greed. Furthermore, the token is trading 4.13% above its 200-day simple moving average (SMA) of $9.50. This SMA indicates a positive trend for the sign.

KuCoin posted a price of $9.95 today, reflecting a decrease of 1.78% in the last 24 hours. Furthermore, the token has seen a significant rise of 19.44% over the past week. With a circulating supply of 96 million KCS, the market cap of KuCoin Token is $950,096,075.

The sign displayed a 14-day relative strength index (RSI) of 55.68. This RSI indicates its neutral position, potentially leading to sideways movement in the near term. Over the past 30 days, KCS has shown positive price action on 17 occasions, indicating a positive performance of 57% compared to its token sale price.

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— KuCoin Earn (@KuCoin_Earn) April 29, 2024

The recent performance highlights the token’s resilience and potential for future growth. KuCoin Token has shown volatility, with short-term declines offset by significant gains over the past week.

5. Ivy (HBAR)

HBAR experienced a significant increase of 100% and reached $0.18 before crashing to $0.1029. This surge came after BlackRock, a major financial company, announced on April 13 that it would use the Hedera Blockchain to underwrite its money market fund. The announcement boosted HBAR’s price, surpassing previous highs in April.

The development led to an explosion in HBAR trading volumes, reaching $2.3 billion. This volume represents a remarkable 5440% increase. Notably, this is the first time in two years that HBAR has exceeded $0.15.

If the current bullish trend continues, the rally could propel HBAR to all-time highs. The RSI also supports the bullish outlook for HBAR, indicating growing momentum.

#Hedera EVM developers, this is your opportunity to shape the future of tools on the network 🛠️

Fill out the survey and let’s get #BUIDLING 👇 https://t.co/kuHrdavuUn pic.twitter.com/IvrMdaBGCG

— HBAR Foundation (@HBAR_foundation) April 29, 2024

After testing the $0.1817 point, HBAR is targeting a psychological level of $0.2000 or $0.3000 if the bullish trend continues. But that depends on HBAR bulls resisting taking profits.

HBAR shows a bullish trend; this is reflected by the MACD line being above the MACD signal line on the 4-hour chart. Investors can closely monitor the RSI indicator, especially for any smaller gap between the RSI and its Simple Moving Average (SMA) line.

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