7 Best Altcoins to Invest in Now March 16 – Jupiter, Conflux, BNB

Bitcoin’s positive outlook has caused a rise in the overall crypto market. This increase reflects investor confidence in exploring promising tokens with potential upside, with the bulls expected. Therefore, Altcoins are increasingly attracting investors who are looking for different entry points.

Nevertheless, choosing the right altcoin requires dedicated effort and thorough research. This article attempts to streamline this process by highlighting several notable altcoins that deserve investment consideration.

7 Best Altcoins to Invest in Right Now

Bitcoin fell below $70,000 in an overnight selloff, while Jupiter, Conflux and BNB are gaining traction as promising options for investors in the upcoming Alt season. This increase in interest in altcoins rejuvenates investor confidence, prompting them to actively reconsider and adjust their portfolios.

1. Jupiter (JUP)

On a month-to-date basis, JUP is up more than 183%, aiming to reach its initial value of $2. This remarkable growth is attributed to the Jupiter team’s effort to improve and diversify the functionalities of the Jupiter ecosystem.

Furthermore, Jupiter’s recent increase in trading volume has also boosted the tokens. Jup has traded over $1.2 billion in volume over the past 24 hours and hit an ATH after a 127.79% rally. Such a significant surge in trading activity indicates increased market engagement, which increases buying pressure. The analysis of the chain data shows a consistent upward trend, which is indicative of growing investor confidence in Jupiter’s platform.

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— Jupiter 🪐 (@JupiterExchange) March 14, 2024

Additionally, since the beginning of the month, Jupiter has facilitated a total volume of 29.6 billion and processed 41.8 million transactions from 1.5 million different wallets. This steady growth trajectory underscores Jupiter’s increasing prominence and utility in crypto. Moreover, it has positioned it as a compelling contender for investors seeking sustainable growth opportunities.

2. Phantom (FTM)

Fantom’s recent market movement has been northward, showing remarkable growth trends. In just two days, FTM has seen a noticeable increase in value, soaring over 33%. It is hovering around $0.96 after a slight drop from the $1 level, marking an impressive 22% rise within the last day alone.

However, this boom is not an isolated event, but part of the ongoing market boom. Over the past year, Fantom’s price has risen by an impressive 92%, outperforming 54% of the top 100 crypto assets. Likewise, FTM has been consistently trading above its 200-day SMA, currently at $0.406480, marking a significant 117.49% increase.

One of the significant drivers behind Fantom’s recent surge is the reduction of FTM supply on cryptocurrency exchanges since March. This decrease in FTM tokens held on exchanges and a price increase from $0.50 to $0.82 indicates a migration of assets to private wallets.

As we prepare for the #Fantom Sonic mainnet, we want to revisit the closed testnet’s incredible performances:

2000 TPS (1s TTF) — realistic traffic 4000 TPS (1.3s TTF) — ERC-20 swaps 10000 TPS (1.6s TTF) — ERC-20 transfers

Learn more here 👇https://t.co/b9nHV238EC pic.twitter.com/5qmBkLyfRB

— Fantom Foundation (@FantomFDN) March 13, 2024

Additionally, Fantom has shown positive performance compared to its token sale price, indicating a promising outlook for its long-term trajectory. Fantom’s recent rise has attracted widespread interest in the crypto community, sparking discussions about potential next steps. Therefore, it has solidified its position as a project that investors can watch closely.

3. Conflux (CFX)

Conflux Network’s is charting a bullish trajectory, finding support at $0.30 and steadily climbing. CFX’s price is $0.413153, representing an increase of 4.38% in the last 24 hours. With 18 out of the past 30 days closing in the green, investor sentiment remains optimistic. This optimism is reflected by the Fear & Greed Index at 81, indicating increased buying pressure.

Trading comfortably above its 200-day simple moving average, Conflux Network is currently 147.12% above this marker, standing at $0.165953. Based on its market capitalization, this stability and high liquidity reflect Conflux’s strong fundamentals.

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🍶 Jiangxiaobai, a beloved beverage brand among China’s youth, took a leap from tradition and participated in a groundbreaking NFT campaign. In 2022 they launched two exclusive NFTs limited to 1000 copies each, mixing… pic.twitter.com/kVKoXAUCTY

— Official Conflux Network (@Conflux_Network) March 10, 2024

As a result, analysts foresee the potential for Conflux to surpass its next target of $0.75 sooner than expected. Furthermore, with the support of a dedicated crypto community and the possibility of future cooperation with other networks, there is speculation that the CFX coin could reach levels of more than $1.28 by 2024. These factors position Conflux as a project with promising growth prospects in the coming years.

4. Solana (SON)

Solana is on an upward trend, coinciding with its launch date four years ago. This year it saw a staggering 276+ billion transactions, with a network of over 1600 validators and 254+ million blocks. The current buzz surrounding the coin is driving its price upwards with a 4.92% intraday surge, pushing it near its cycle high of $197.31.

Additionally, Solana has seen 17 green days out of the past 30, representing a bullish trend in market sentiment. Over the past year, SOL’s price has soared 834%, outperforming 94% of the top 100 crypto assets, including Bitcoin and Ethereum.

🎉Happy Genesis Day 2024 to all who celebrate!🎉

276+ billion transactions.1600+ validators.254+ million blocks.

Thanks to all the builders around the world who made Solana what it is today — 4 years in, we’re just getting started🫡 pic.twitter.com/3lV0eR2yxk

— Solana (@solana) March 16, 2024

Meanwhile, investor sentiment remains positive on Solana’s outlook, with the greed score pegged at 81. This represents a bigger coin deal as FOMO spurs traders to buy. This optimistic outlook is further supported by its consistent positive performance compared to its token sale price. As Solana continues its rise, investors look forward to substantial returns.

5. eTukTuk (TUK)

eTukTuk seeks to tackle transport challenges in developing regions and beyond, with a focus on sustainability. By harnessing the power of blockchain technology, eTukTuk aims to transform traditional modes of transportation, including tuk-tuks.

These newly emerging AI tokens packed with AI technology are poised for 2024 growth – @EconomicTimes

Read more here: https://t.co/tYrd4BLeKR

— eTukTuk (@eTukTukio) March 15, 2024

In its white paper, eTukTuk highlights the adverse effects of internal combustion engine (ICE) tuk-tuks. On this note, the project highlights the urgent need for sustainable alternatives, especially for two- and three-wheeled vehicles common in developing countries.

The project’s presale has attracted significant attention, raising more than $2.2 million so far. With each $TUK token worth $0.0285, there is anticipation for a rise in value as the pre-sale enters its next phase in 8 days. This presents a potential opportunity for investors to capitalize on the current token price and annual percentage return (APY) of 115% before a potential price increase.

Visit eTukuk Presale

6. Helium (HNT)

In today’s trading session, HNT rose by around 3.74%. With bullish momentum, it found support near the 50-day exponential moving average (EMA) and recovered from earlier declines. Currently, Helium is trading at around $8.29, which is a noticeable increase in price. Additionally, the circulating supply stands at 160.87 million HNT tokens, with a maximum supply capped at 223 million HNT tokens.

According to its long-term trend, HNT crypto seems poised for further upside potential, attracting potential buying interest around the support of the 50-day EMA. Nevertheless, a break above the trendline resistance could signal a continuation to a new swing high.

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The Helium IOT Network continues to expand its utility, now with more low-cost wireless availability for the maritime industry. Welcome to the Helium… pic.twitter.com/Pxv0FWIzIT

— Helium🎈 (@helium) March 7, 2024

Furthermore, HNT’s price forecast points to a potential high of $11, indicating a prospective upside of 22%. Conversely, a breach below the 50-day EMA may signal a continuation of the correction phase. Helium’s recent performance indicates approaching green days, with potential opportunities for investors considering its positive long-term outlook.

7. GNB (GNB)

Recent developments within Binance’s executive team have sparked interest and speculation among investors. After the departure of Binance’s former CEO Changpeng Zhao, the token experienced a downturn. Despite this initial setback, BNB has shown resilience and recovered from this setback to print greenbacks. It is currently trading at $317.6, representing a modest increase of 7.01% over the past month.

Additionally, adoption of BNB is increasing, with its token’s utility expanding beyond the exchange. BNB finds application in various sectors, including DeFi, NFT marketplaces, and as a game token on Binance Smart Chain (BSC). However, the future profitability of BNB is dependent on several factors, including the expansion of the Binance ecosystem, regulatory developments and broader adoption.

Let’s welcome the new projects on BNB Chain from the past week! 🥳

Learn more about them on the blog below! ⬇️ https://t.co/8RFqmmOKUf

— BNB Chain (@BNBCHAIN) March 16, 2024

Furthermore, Binance’s strategy of regularly burning BNB tokens to reduce supply could bolster its value, provided demand remains strong. As blockchain technology and cryptocurrencies gain traction, BNB’s importance as a key asset in cryptocurrencies is likely to increase.

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