5 Best Altcoins to Invest in Now March 12 – Toncoin, XRP, Avalanche

Crypto deals are rising, pushing the overall market greed score up three places to 92. This reflects investor confidence in exploring promising tokens with potential returns during the upcoming bullish market. On this note, Altcoins are becoming an attractive investment opportunity for investors who want diverse entry points.

However, choosing the right altcoin requires dedicated effort and comprehensive research. This article aims to facilitate this process by highlighting several outstanding altcoins worthy of investment consideration.

5 Best Altcoins to Invest in Right Now

As Bitcoin rises past $72,000, hitting a new all-time high, Toncoin, XRP and Avalanche are emerging as promising picks for investors in the upcoming Alt season. This trend is reviving confidence among investors in the altcoin market, leading them to actively review their portfolios.

1. Toncoin (TON)

Toncoin demonstrates impressive northward trajectory, squeezes gains in current market rally. Over the past month alone, Toncoin has risen by 46.82%, showing consistent upward momentum. This trend has been constant in the last three months, with a 48.98% increase.

This therefore confirms Toncoin’s consistent bullish performance in the medium term. Zooming out to evaluate its long-term potential, Toncoin boasts a 39.13% increase in price over the past year, indicating its continued growth and promise. Furthermore, Toncoin’s price forecast remains bullish, especially with increased investor interest. This is complemented by a Fear and Greed Index at 81, indicating increased transactions.

Meanwhile, 18 green days were recorded in the last 30 days, indicating positive momentum. Toncoin’s trajectory is further bolstered by its 51% rise in price over the past year and its position above the 200-day simple moving average. Currently, it is trading at 76.58% above the 200-day SMA, which stands at $2.03. On this note, Toncoin continues to outperform market expectations.

Due to its past performance, Toncoin reached its peak of $4.91 on December 25, 2021. After that, it experienced a cycle high of $3.32, with a low at $0.757304. Despite recent volatility, with a 1-month volatility rate of 12.76, Toncoin has been on an upward trajectory supported by notable partnerships.

🔈 @ston_fi, a leading TON-based DEX, has launched a Telegram Mini app with @wallet_tg integration!

Exchange Jetton tokens seamlessly within the app, connect your wallet and access all DEX features directly on @telegram. More details👉 https://t.co/bsZ5Nqm2Qe pic.twitter.com/OM9dfR4QhX

— TON 💎 (@ton_blockchain) March 12, 2024

The momentum started with Telegram Messenger’s announcement to compensate channel owners with cryptocurrency for advertising. Likewise, Binance’s launch of perpetual futures trading for the TON token further fueled Toncoin’s growth trajectory. With Toncoin’s recent achievements and promising prospects, investors continue to monitor its performance.

2. Avalanche (AVAX)

South Korean game publisher Nexon Group has partnered with Ava Labs to launch its iconic 2D massively multiplayer online role-playing game, MapleStory, on the Avalanche platform. With a history dating back to 2003, MapleStory boasts over 180 million worldwide users. As such, this collaboration can improve visibility and acceptance for both parties.

Meanwhile, this news has focused investors’ attention on the coin. Avalanche’s price is $50.16 after achieving 6.11% intraday increase in last intraday trading session. Additionally, the Avalanche price forecast is bullish, with a greed score of 81, indicating extreme greed among investors.

Additionally, Avalanche has shown positive performance compared to its token sale price. It has also experienced 15 green days out of the last 30, representing 50% of the period. Avalanche is hovering near its cycle high at $51.19, indicating strong liquidity based on its market cap.

Teleporter unifies Avalanche’s network of application-specific chains, enabling the sharing of a wide variety of data types, including tokens, NFTs, oracle price feeds, and more.

Read more about the launch of Teleporter from @TheBlock__ https://t.co/OitlZGuCkl

— Avalanche 🔺 (@avax) March 12, 2024

Over the past year, Avalanche’s price has risen by an impressive 220%, outperforming 64% of the top 100 crypto assets during this period. Moreover, it is trading well above its 200-day SMA of $15.75, indicating a strong performance trend.

In summary, the collaboration between Nexon Group and Ava Labs to bring MapleStory to the Avalanche platform is generating significant interest in the game token sector. Avalanche’s robust performance and bullish sentiment indicate favorable conditions for potential investors seeking opportunities in this space.

3. eTukTuk (TUK)

eTukTuk offers a promising solution aimed at sustainable transport in developing countries and beyond. Using blockchain technology, eTukTuk aims to revolutionize transportation. It addresses the environmental issues associated with traditional tuk-tuks, which are notorious for their high pollution levels.

1/ In a collaboration between Fraunhofer IPA, Black Forest Campus and industry partners, the “H2FastCell” project introduces a game-changing robot duo for rapid fuel cell stack assembly 🚀 pic.twitter.com/8sQCpwY6ZW

— eTukTuk (@eTukTukio) March 8, 2024

Additionally, the project’s white paper highlights the adverse impact of internal combustion engine (ICE) tuk-tuks. Similarly, it focuses on other two- and three-wheeled vehicles in developing countries and the urgent need for sustainable alternatives.

The eTukTuk’s Pre-sales also gained significant traction, raising more than $1.99 million in the ongoing pre-sale. Currently valued at $0.028 per $TUK token, a surge in its value is expected as the pre-sale enters its next phase in 5 days. This presents a potential opportunity for investors to capitalize on the current token price and APY of 126% before a price increase.

Visit eTukuk Presale

4. Injectable (INJ)

Injective, a leading decentralized exchange platform, recently expanded its ecosystem by integrating with Athena Labs. This is his first venture outside of the Ethereum network. This integration brings significant advancements, especially for the Injective Bridge Chain (IBC) community and users. In addition, it provides access to USDe, Athena’s innovative synthetic dollar.

USDe provides users with a censorship-resistant, stable and scalable solution for the digital asset market. This aligns with Athena’s mission to revolutionize decentralized finance (DeFi). In less than a month, Athena has raised nearly $1 billion in Total Value Locked (TVL), demonstrating its growing influence.

This integration marks the first launch of USDe on Injective and marks the first step beyond the Ethereum native ecosystem. Users across Injective, Cosmos and the wider IBC ecosystem can now seamlessly access USDe, leveraging Injective’s implementation of Ethereum standard EIP-712.

Additionally, Injective recently introduced inEVM, a live mainnet digest designed to accelerate concurrent virtual machine (VM) development. InEVM empowers Ethereum developers to build decentralized applications (dApps) at unprecedented speed. Moreover, it does so with minimal fees, while maintaining assembly over WebAssembly (WASM) and Ethereum Virtual Machine (EVM).

1/ Injective #inEVM is live on mainnet, the first rollup designed to complement concurrent VM development.

inEVM enables Ethereum developers to build dApps that leverage fast speeds and almost no fees, while achieving composability across WASM and EVM

Read on 👇 pic.twitter.com/OXtPQTVnvx

— Injective 🥷 (@injective) March 7, 2024

This groundbreaking infrastructure stack facilitates multi-VM development at an unparalleled scale. It enables builders to create dApps that maintain superior performance standards and interact seamlessly across multiple ecosystems, including IBC and Solana. INJ value has risen by 18.11% in the last 24 hours and is currently trading at $47.96. Additionally, INJ is trading above its 200-day simple moving average and near its all-time high, reflecting positive market sentiment and performance.

5. XRP (XRP)

Recent data from Whalealert indicates significant movements in the XRP market. Crypto whales have transferred more than 285 million XRP coins, equivalent to about $194 million, across various exchanges. The largest single transaction involves the transfer of 100 million XRP, worth about $62 million, from one wallet to another.

Meanwhile, further analysis reveals a notable accumulation of XRP by whale wallets of the exchange Binance. Within the last 24 hours, this accumulation amounted to nearly 100 million XRP coins, worth approximately $65 million. Among these transactions, the largest accumulation amounted to 20.3 million XRP, worth approximately $15 million.

As a result of these whale movements, XRP experienced a significant price increase of almost 20% within the last 24 hours. This surge adds to XRP’s impressive performance over the past year, with a remarkable 94% rise in price. Additionally, XRP is trading above its 200-day simple moving average, indicating a positive trend.

In terms of market sentiment, XRP has seen 19 green days out of the last 30, accounting for 63% of the period. This indicates a favorable outlook. Additionally, XRP maintains high liquidity based on its market cap. Taken together, these performances reflect XRP’s arrival to the rally market, boosted by significant trading deals pushing the Greed Score up to 81.

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