5 Best Altcoins to Invest in Now March 1 – Axelar, Fetch.ai, Synthetix

The market achieved a greed score of 85 as crypto transactions continue to rise. This trend has intersected with the evolving AI and gaming market, boosting the appeal of altcoins in particular. As a result, analysts predict a bullish trend fueled by these favorable developments, which are expected to boost prices and market sentiment.

In light of this, altcoins present a compelling prospect for traders looking to revamp their portfolios, and provide avenues for investment diversification. This article compiles a selection of outstanding altcoins that warrant attention for potential investment in the current market climate.

5 Best Altcoins to Invest in Right Now

Solana rose more than 12% amid a widespread crypto boom, accompanied by the rise of AI-based tokens. Altcoins such as Axelar, Fetch.ai and Synthetix are attracting attention as promising investment opportunities. Their robust performance indicates significant potential for future market expansion.

1. Fetch.ai (FET)

Fetch.ai’s utility token, FET, is steadily climbing the market ladder, especially within artificial intelligence (AI) tokens. By using FET, users gain the ability to build and launch their digital twin on the network. Additionally, developers can leverage machine learning-based tools to train autonomous digital twins and implement collective intelligence across the network. These features have propelled FET to the fore as adoption of AI tokens increases.

The price of FET has been on a parabolic rise and recently reached a new high of $1.67. This represents a significant increase over the past four weeks. Moreover, this upward trajectory saw a breakout of the $0.85 horizontal resistance zone, which sent FET hitting its record high price today.

Meanwhile, this rally may continue as the market sentiment surrounding Fetch.ai is currently bullish. Likewise, trading activity is high, as the Fear and Greed index indicates extreme greed at 80. However, this could indicate a market correction.

Looking at FET performance statistics, it posted 254% YTD, outperforming tokens like Bitcoin and Ethereum. Additionally, it is trading above its 200-day SMA, indicating sustained upward momentum.

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— Fetch.ai (@Fetch_ai) February 29, 2024

With 21 green days recorded in the last 30 days, accounting for 70% of the period, FET shows consistent positive momentum. Furthermore, it boasts high liquidity based on its market capitalization.

In recent trading sessions, FET has shown resilience. It found support at $1.25 and continues its upward trajectory with significant trading volume. This robust performance suggests that the next target of $2.4 may be reached sooner than expected.

2. Axelar (AXL)

During the recent boom in the crypto market, AXL attracted considerable attention after its nearly 30% rally. This surge coincides with Binance’s announcement to begin trading for specific AXL pairs. This further fuels bullish sentiments among traders and investors worldwide.

Moreover, market data reinforces this optimism, reflecting a positive trajectory in line with AXL’s recent remarkable performance. Notably, Binance’s previous listings have historically caused significant price moves for various tokens, fueling anticipation surrounding AXL’s listing.

Meanwhile, a trader secured a notable profit of $56,028 within 8 minutes through AXL trading. Spotonchain analysis revealed that this trader quickly acquired 317,322 AXL tokens with an investment of 500K USDT immediately after Binance’s listing announcement. Subsequently, the trader sold the acquired tokens for 556K USDT, capitalizing on a nearly 20% rally. On a positive note, this boosted market optimism as AXL’s price continued its upward trajectory.

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🧵 👇 pic.twitter.com/1WPrAisMoL

— Axelar Network (@axelarnetwork) February 27, 2024

As of the latest update, Axelar’s price is $2.51, representing a significant increase of 60.87% in 24 hours. The token is trading near its high of $2.62 and its cycle high of $2.53. This indicates positive performance compared to the initial token sale price.

Additionally, AXL is trading above its 200-day simple moving average, further solidifying its bullish outlook. Furthermore, AXL has demonstrated high liquidity based on its market capitalization, which has contributed to its attractiveness among investors and traders. With 18/30 green days, AXL continues to attract market attention as a promising asset to consider.

3. SingularityNET (AGIX)

AI development has grown rapidly, drawing increasing attention to AI projects. Building on the current fanfare around AI, SingularityNET stands out as a pioneering platform. It streamlines the process for developers to showcase their AI tools and libraries to potential buyers. This platform offers a unique feature that allows potential buyers to try any AI service in the market. Likewise, it ensures that it matches their requirements before making a purchase.

With the continued surge in the leading AI coins, AGIX rose to a new all-time high, with a breakout rally. Additionally, the sentiment for SingularityNET’s price forecast is currently bullish. In line with this, investors trade the coin, pushing the Greed score up to 80.

Furthermore, SingularityNET has shown positive performance compared to its token sale price. Additionally, 18 out of the past 30 days have seen green candlesticks, representing a 60% increase. Meanwhile, trading activity is hovering near the cycle high of $0.887169, its high liquidity based on market cap.

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— SingularityNET (@SingularityNET) February 27, 2024

SingularityNET is trading a remarkable 252.47% above the 200-day Simple Moving Average (SMA), which is $0.240109. In the weekly chart analysis, the AGIX price trajectory is poised to cross the $1 mark. This is the fifth consecutive positive week for SingularityNET, pushing the bull run to a 213% increase with multiple green candles.

According to Fibonacci levels, there is a projected potential for AGIX’s price to reach the $1.61 mark in the coming weeks. This is indicative of a promising outlook for investors monitoring the coin.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix provides a solution to the challenges faced by Bitcoin miners. Along these lines, the project’s innovative approach to cloud mining aims to revolutionize the sector by providing a secure and transparent alternative to individuals who would like to mine Bitcoin (BTC).

One of the primary issues tackled by Bitcoin Minetrix is ​​the prevalence of scams and the problem of outdated hardware in the mining industry. By drawing on cloud mining, the platform ensures a safer environment for investors, eliminating concerns about fraudulent activities and the need for constant hardware upgrades.

In addition to its innovative approach, Bitcoin Minetrix’s pre-sale received considerable attention from the market. With a total of $11,620,712 and a current token value of $0.0138, investors have a unique opportunity to participate in the project’s growth.

Phase 29 of #BitcoinMinetrix has now begun! 😢

What are the economic incentives for #Bitcoin miners? pic.twitter.com/XAdC1a4qOH

— Bitcoinminetrix (@bitcoinminetrix) March 1, 2024

Notably, 708,286,822 BTCMTX have already been put into the game, offering an attractive annual percentage return (APY) of 59%. As Phase 29 of the presale begins, investors are encouraged to consider the potential benefits of participating in Bitcoin Minetrix.

Visit Bitcoin Minetrix Presale

5. Synthetix (SNX)

Synthetix (SNX) has established a solid support level at $4. As such, it is now poised for a potential rally to its initial target of $10 within a shorter time frame. Meanwhile, analysts noted a prevailing bullish sentiment around Synthetix’s price forecast. This market sentiment coincides with a Fear and Greed Index currently indicating a level of 80, with investors trading the coin.

Over the past year, Synthetix has shown remarkable growth. This includes a remarkable 52% price increase, outperforming half of the top 100 crypto assets. Additionally, it has consistently traded above its 200-day simple moving average. Additionally, SNX has shown positive performance relative to its token sale price. Moreover, it has experienced 18 green days out of the last 30, indicating a positive trend of 60%.

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– Synthetix Perps on Optimism – Spot Synths on Mainnet

This week’s total: ~$617k sUSD, mostly from Synthetix Perps trading fees on Optimism. pic.twitter.com/k5LJBjQQy9

— Synthetix ⚔️ (@synthetix_io) February 29, 2024

With its increased partnerships and the impending bull run, Synthetix looks poised for significant growth. On this note, analysts predict that SNX’s price will exceed $7.95 by 2024. Furthermore, in a bullish crypto market scenario, the average price of Synthetix is ​​expected to stabilize around $7.24 by the same year.

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