5 Best Altcoins to Invest in Now April 4 – Bitget Token, Immutable, Nervos Network

Market performance declined, with overall capitalization and trading recording significant declines. This outcome suggests that investors are gearing up for the impending Bitcoin Halving.

Nevertheless, smart traders seize the opportunity to buy into the market downturn, anticipating significant gains in the upcoming bull cycle. InsideBitcoins provides valuable perspectives by identifying several notable altcoins worthy of investor consideration.

5 Best Altcoins to Invest in Right Now

Investors are focusing on tokens such as Bitget Token, Immutable and Nervos Network, viewing them as attractive investment prospects as they anticipate the next bullish market cycle. This surge in interest boosts investor confidence, leading them to reevaluate and refine their investment portfolios.

At the same time, Bitcoin Minetrix gained significant market attention, raising over $12.8 million in funding during its pre-sale phase. Meanwhile, Bitcoin maintains its position at $65,000, while ARK’s Bitcoin ETF experienced $87 million in outflows.

1. Bitget Token (BGB)

The current market trend has seen a decrease in trading volume and market, causing Bitcoin to fall by 6%. Despite this, Bitget’s platform token, BGB, has shown remarkable resilience, defying the downtrend to post a 3% intraday increase. Bitget Token is trading at 184.78% above the 200-day Simple Moving Average (SMA), pegged at $0.458521, indicating its bullish trend. Nevertheless, the Fear and Greed Index eased to 70, matching the broader market decline.

Meanwhile, Bitget initiated three consecutive Launchpool promotions with ZK, DOPE and ENA. Participants can deposit BGB or USDT to earn corresponding token rewards, with the added benefit of instantly redeeming both BGB and USDT. This recent news seems to have added to the token’s ability to manage the current market situation.

Need a ride to the top? 📈

Buckle up as $BGB accelerates to $1.38!🏎️✨#BitgetBlue pic.twitter.com/cXn173c4Hy

— Bitget (@bitgetglobal) April 4, 2024

BGB has observed 18/30 days of its price closing with green candlesticks, marking a notable positivity rate of 60%. Furthermore, Bitget Token has shown significant growth, with a remarkable increase of 217% in the past year. Over the same period, BGB outperformed 70% of the top 100 crypto assets, outperforming Bitcoin and Ethereum.

In light of these developments, analysts expect an upward trajectory for BGB as Bitget Exchange expands its footprint. The next key target for Bitget Token is projected to be $2.20, offering potential gains in a shorter time frame.

2. Immutable (IMX)

Immutable is a pioneering layer-two scaling solution for NFTs on Ethereum, which tries to address limitations such as low scalability and poor user experience. With its blockchain, users can enjoy instant trading and significant scalability. In addition, transactions such as coin and trading of NFTs with no gas fees, while ensuring security.

Immutable’s mainnet launch in January received fanfare, leading to a price increase. However, the IMX market movement has shown a 30% decline in the last 30 days. Nevertheless, with the launch of Blastroyale’s plague doctor on immutable zkEVM, experts are eyeing a possible revival as sentiment remains bullish.

This provides a window for investors to buy the dip for future returns. In the meantime, Immutable X is trading at $2.77, indicating a 0.38% intraday rally. Additionally, it is trading 205.54% above the 200-day SMA, currently at $0.907224, indicating a positive trajectory.

The @blastroyale Plague Doctor is officially live on Immutable zkEVM, powered by @0xPolygon, and on @MeritCircle_IO’s Sphere!

Experience Blast Royale directly through Immutable Passport and join the 500,000 users participating in over 5 million matches.

pic.twitter.com/DR0Nhp2pTQ

— Immutable (@Immutable) April 2, 2024

Over the past year, Immutable X has experienced a remarkable 151% price increase. Moreover, it has shown positive performance compared to its token sale price. Despite recent market fluctuations, Immutable X remains an intriguing project with its innovative approach to NFT scalability on Ethereum.

3. Nervos Network (CKB)

Nervos Network has been on a steady positive momentum since its launch. In light of this, CKB has posted an impressive 278% on a YTD basis. Over this period, it has outperformed 78% of the top 100 digital assets, including Bitcoin and Ethereum. In today’s intraday session, CKB’s price rose by 2.98% to hit $0.018080. Additionally, it surpassed its 200-day simple moving average by 145.72%.

With growing adoption and a dedicated community of supporters, Nervos Network holds promising potential for further growth. As a result, analysts predict that if the project reveals cooperation with other networks, CKBs could reach $0.0156 by 2024.

Did some say what is RGB++?

Here’s a great article published by @WuBlockchain highlighting the imminent development of the bitcoin layer2 ecosystem. You may have come across Ordinals and Inscriptions taking over, but what about Client-side Validation Contracts?

If you have…

— Nervos.bit (@NervosNetwork) April 1, 2024

In a bullish market scenario, the average price of Nervos Network Coin is expected to stabilize around $0.0141 by the same year. Therefore, investors who would like to own the best altcoins should closely monitor Nervos Network’s developments, as its trajectory indicates significant opportunities for future profits.

4. Bitcoin Minetrix (BTCMTX)

Miners are grappling with challenges in the Bitcoin cloud mining sector. Scams and untrustworthy operators have questioned its legitimacy as a viable investment option. But Bitcoin Minetrix revolutionizes this landscape with its groundbreaking Stake-to-Mine mechanism.

Only 2 days left until phase 35 of #BitcoinMinetrix ends! 🕒

How do you think cloud mining services can improve in the future? 🌟 pic.twitter.com/qHYtF8rqxH

— Bitcoinminetrix (@bitcoinminetrix) April 3, 2024

Powered by smart contracts on the Ethereum network, this innovative approach allows users to stake and burn tokens to earn mining hash power. It addresses the shortcomings of traditional cloud mining while improving security and efficiency. The project has received significant market attention, raising over $12.8 million during the current pre-sale phase.

With a total stake of 762,997,224 BTCMTX tokens, Bitcoin Minetrix offers an estimated annual reward rate of 55%. Currently, rewards are set at 158.5 per ETH block. As Phase 35 of Bitcoin Minetrix’s presale enters its final phase, investors have a one-day window before the price increase. This presents a strategic opportunity to capitalize on the current token price of $0.0144 before the expected rise.

Investors looking for a reliable and innovative approach to cloud mining should consider it Bitcoin Minetrix and its Stake-to-Mine mechanism. With its impressive fundraising and promising reward structure, the project aims to improve the cloud mining sector.

Visit Bitcoin Minetrix Presale

5. Bitcoin Cash (BCH)

In the early hours of April 4, 2024, Bitcoin Cash underwent its highly anticipated halving event, reducing miner rewards from 6.25 BCH to 3.125 BCH. This adjustment aims to recalibrate the cryptocurrency’s supply dynamics. After the halving, Bitcoin Cash’s network immediately reflected the change, with the asset’s market performance taking center stage.

BCH is currently trading near $678 and has risen by 11% in a few hours, defying the prevailing negative market sentiments. Over the past week, Bitcoin Cash has seen a significant increase of 21%, with an impressive 47% increase over the past 30 days. Therefore, technical experts are closely monitoring BCH’s bullish trajectory. Recent breakouts above significant resistance zones near $487 and a bullish weekly candle close indicate potential gains.

However, analysts expect a consolidation as BCH approaches its all-time high of $729, a formidable resistance level. Nevertheless, if Bitcoin Cash breaches this level, expectations are high for a significant uptrend, potentially heralding significant gains for investors.

Bitcoin Cash’s halving event not only adjusted its supply dynamics but also ignited a bullish sentiment in the market. As a result, investors are closely monitoring BCH’s performance, and technical indicators favor further upward momentum.

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