5 Best Altcoins to Invest in Now January 1st – Klaytn, Maker, Kava

Identifying promising tokens can be a game changer for investors looking for avenues beyond Bitcoin and Ethereum. These coins host many innovative projects, each competing for attention and investment.

With constant market shifts, choosing the best assets to invest in requires understanding potential outliers. Since it takes time and effort, Insidebitcoins regularly compiles a list of the best altcoins to invest in. Thus, it helps investors to make better investment decisions.

5 Best Altcoins to Invest in Right Now

Over the past seven days, various altcoins experienced significant price increases. BNB recorded a significant increase of 16%, as reported by S&P Global Market Intelligence. Moreover, MultiversX and Optimism’s tokens showed similar gains of 16%. Meanwhile, Theta Network saw an increase of almost 10%.

1.Klaytn (KLAY)

The integration of ERC3643 tokenization into the Klaytn network is progressing through collaboration with Tokeny Solutions. This integration focuses on Real World Asset (RWA) compliant tokenization standards. Additionally, this initiative aims to provide up-to-date, compliant infrastructure for asset tokenization on Klaytn.

Introduced by Ethereum, ERC3643 promises to transform how businesses engage with blockchain technology. Its official recognition underscores Ethereum’s commitment to meeting user needs and setting industry benchmarks.

In terms of supply, Klaytn has 3.48 billion KLAY in circulation out of a total supply of 10.95 billion. Over the past year, 457.03 million KLAY were created, which is attributed to an annual supply inflation rate of 15.13%. Based on the market capitalization, it currently holds the #42 position in the Layer 1 sector.

ERC3643 tokenization is coming to #Klaytn . with @TokenySolutions, our long-term RWA partner, we will ensure that all the latest in compliant RWA tokenization standards and infrastructure are implemented and available on Klaytn.

— Klaytn Developers (@BuildonKlaytn) December 21, 2023

Furthermore, Klaytn’s market performance fluctuated and hit its highest price of $4.35 on April 2, 2021. Meanwhile, it was at its lowest point at $0.055524 on May 6, 2020. Currently, it stands at $0.277573, which is a 55% increase in the past year. Klaytn is trading above its 200-day moving average. Additionally, it has 15 positive trading days out of the last 30, reflecting 50% positivity. Moreover, its liquidity remains high based on market capitalization.

2. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix is a cloud mining platform that aims to address concerns about third-party cloud mining scams by introducing tokenization. The project boasts a decentralized approach to Bitcoin (BTC) mining, emphasizing security and transparency.

With over 400,000 BTCMTX tokens currently in play, there is significant participation. However, the advertised annual percentage return (APY) of 103.225% is subject to decrease as more tokens are deposited.

In terms of token allocation, 42.5% of BTCMTX tokens fund mining operations, while 35% fund marketing and project growth. In addition, 15% is set aside for community rewards, in recognition of active involvement. In addition, 7.5% is for BTCMTX staking rewards until the development of the cloud mining platform.

Only one day until #BitcoinMinetrix Stage 16 concludes! ⏱️

What common misconceptions about #Bitcoin mining have you come across? 🤔 pic.twitter.com/7dzGrEFVxW

— Bitcoinminetrix (@bitcoinminetrix) December 31, 2023

Furthermore, the project’s presale raised over $7,114,646 by offering BTCMTX tokens at $0.0125 per token, with 70% of the total token supply available during this phase. Investors can acquire tokens using Ethereum (ETH) or Tether (USDT) with a minimum investment requirement of $10.

3. Maker (MKR)

Maker coin has seen a significant rally recently as reported by market experts. In the past week, three new wallets bought a combined MKR worth 18.6 million.

In particular, these buyers withdrew tokens from Binance. This indicates an intention to hold MKR in self-preservation, possibly anticipating a price rise. Moreover, this accumulation trend that preceded the end of 2023 indicates a potential bullish outlook for MKR heading into 2024.

Furthermore, MKR’s circulating supply stands at 919,937 MKR out of a maximum supply of 1.01 million MKR. MKR experienced a negative annual supply inflation rate of -5.90%. This figure is equivalent to the creation of -57,694 MKR in the past year. In terms of market capitalization, Maker occupies the #8 position in the DeFi Coins sector and is #17 among Ethereum (ERC20) Tokens.

Meanwhile, token highlights include MKR’s impressive 244% price increase over the past year. In addition, MKR is trading above its 200-day simple moving average and near its cycle high. The project boasts high liquidity based on its market capitalization. Its negative annual inflation rate also adds an interesting facet to its supply dynamics.

Even before the SparkDAO launch, Spark illustrated SubDAO’s superior operational efficiency through the creation of innovative products and the execution of growth strategies.

What can we expect from the development of the SubDAOs in the future? pic.twitter.com/WYOiIBiKmD

— Maker (@MakerDAO) December 5, 2023

MKR has shown historical price fluctuations and reached its high of $6,244.44 on May 3, 2021. However, the coin reached its lowest point of $171.27 on March 16, 2020. Since the previous low, the price has ranged from $503.28 to $18762. Market sentiment is trending towards a bullish trajectory for MKR, with the Fear & Greed Index indicating a score of 65 (Greed).

4. Akash Network (AKT)

Over the past year, the AKT token has risen impressively, marking a 12x increase in value. This surge indicates a positive sentiment towards the token within the crypto community. The price trend indicates a potential challenge to its major resistance level at $6. Therefore, this positions it as a contender for the upcoming bullish market cycle.

Looking back at its price history, Akash Network reached its peak on April 6, 2021, reaching a high of $8.04. Conversely, its lowest recorded price occurred on November 21, 2022, falling to $0.166008, marking its cycle low. Notably, the token hit its highest post-cycle low at $2.61.

Furthermore, the prevailing market sentiment is strongly bullish regarding Akash Network’s price forecast. Similarly, the sign recorded a Fear and Greed Index of 65, reflecting a “Greed” condition.

Mixtral-8x7B is now available in Akash Chat.

Mixtral is one of the best performing models currently available, even better than Llama 70B on most benchmarks – with 6x faster derivation.

It is now available in Akash Chat. Try it today: → https://t.co/O0kUSzM10T pic.twitter.com/PDPglUCiGp

— Akash Network (@akashnet_) December 29, 2023

In comparison, Akash Network has displayed exceptional performance statistics. This includes a 1,229% increase in price over the past year, outperforming 98% of the top 100 crypto assets. Additionally, the token has consistently traded above its 200-day simple moving average.

AKT also showed positive performance compared to its token sale price. Additionally, it has experienced 17 positive trading days within the last 30 days, accounting for 57% of the observed period. Additionally, AKT is ranked #17 in the Proof of Stake Coins sector and #6 in the AI ​​Crypto sector by market cap. These indicators highlight Akash Network’s prominence and traction within the cryptocurrency landscape.

5. Coffee (COFFEE)

Kava saw bullish sentiment in price forecasts as it posted a 65 on the Fear & Greed Index, indicating a state of greed among investors. Over the past year, its price has risen 66%, currently at $1.314440, which is a noticeable increase from the previous cycle low.

In terms of market positioning, Kava ranks 10th in the DeFi Coins sector and ranks 38th in the Layer 1 sector. Notably, it has consistently traded above the 200-day simple moving average. In addition, it has experienced 15 positive trading days in the last 30, accounting for 50% of the period.

📣 Update of strike rewards

As of January 1, 2024, all #KAVA stake rewards will be sourced from the Kava Strategic Vault.

Zero Inflation = no new coins minted. Fixed stock 🔒

— Kava (@KAVA_CHAIN) December 26, 2023

An additional strength of Kava lies in its high liquidity, reflected by its market capitalization. This liquidity can significantly affect price stability and trading volumes within the market.

Read more

New Crypto Mining Platform – Bitcoin Minetrix

Audited by Coinsult Decentralized Secure Cloud Mining Earn Free Bitcoin Daily Native Token on Presale Now – BTCMTX Stake Rewards – Over 50% APY