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As sustained green candles inch closer, altcoins have positioned themselves as the best tokens to invest in. However, choosing the best altcoin to add to your portfolio takes time and effort. Therefore, this article simplifies the search by highlighting some of the top altcoins that should be considered by investors right now.
6 Best Altcoins to Invest in Right Now
With the market transitioning into a sustained green phase, the spotlight is now on certain signs for their investment potential. Neo, Polygon and Chainlink have attracted attention as outstanding altcoins, praised for their unique features and promising prospects in the market.
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1. Chain link (LINK)
Protocol Labs has partnered with Chainlink to help startups through the Chainlink BUILD program. Under this partnership, Protocol Labs will support Chainlink BUILD members with tools and services. It also includes decentralized storage credits and engineering assistance.
In the market segment, Chainlink shows positive sentiments. As such, trading activities are ongoing as investors as the greed score is up to 60. With the positive wave, LINK is above its 200-day moving average, and has achieved a 128% increase in value over the past year.
Additionally, Chainlink has outperformed most other cryptocurrencies, including Bitcoin and Ethereum, in terms of price performance. With a circulating supply of 568.10 million LINK out of a maximum of 1.00 billion LINK, Chainlink maintains good liquidity based on its market cap.
.@decubate has established a channel partnership with @chainlinklabs.
This partnership helps support Chainlink BUILD members by providing them with access to Decubate’s launchpad, incubation and advisory services, establishment and staking portals, and more.
— Chainlink (@chainlink) January 29, 2024
Furthermore, the token has an annual inflation rate of 11.83%, which created 60.10 million LINK tokens last year. Chainlink also remains at the top of the DeFi Coins sector and second in the Ethereum (ERC20) Tokens sector by market capitalization.
2. Neo (NEO)
Neo has inaugurated its new office in Hong Kong, which aligns with the city’s drive to become a central hub for Web3 technology. This expansion aims to boost the smart economy and support local Web3 developers while attracting local investment.
Furthermore, Neo’s recent performance has been promising, with a bullish sentiment and greed score of 60. Over the past year, Neo’s price has risen by 43%, outperforming most other top 100 crypto assets. Likewise, it is trading above its 200-day moving average, indicating stability and boasting high liquidity.
Additionally, Neo’s solid fundamentals and investor support position it for growth. Collaboration with other networks could also push Neo’s coin price above $41.02 by 2024. In a continued bullish market, it is expected to hover around $37.15.
🎆 Neo opens a new office in @cyberport_hk (Hong Kong’s Web3 and digital technology hub) and joins the Cyberport incubation program, taking a leading role in supporting local developers and promoting Web3 in Asia.
Read more: https://t.co/StlUgRaucd
— Neo Smart Economy (@Neo_Blockchain) January 29, 2024
In summary, Neo’s expansion in Hong Kong indicates its commitment to Web3 development. Investors should keep a close eye on Neo as it continues to navigate the crypto landscape and explore new opportunities.
3. Frax Share (FXS)
Frax Share is slowly making a revival after reaching $10.13 in today’s trading session and trading $171.76 million in volume. This rise also trickled down to FXS’s market capitalization, which grew by 1.49% to $775.01 million. Over the past 24 hours, FXS experienced a price increase of 1.23%, indicating positive investor sentiment. This sentiment aligns with a Fear & Greed Index reading 60, indicating a preference for greed among market participants.
Furthermore, FXS is trading above its 200-day simple moving average, indicating a favorable trend. Likewise, the project shows strong liquidity, with 76.51 million FXS tokens circulating out of a maximum supply of 99.90 million. Moreover, the annual supply inflation rate is 372.03%, creating 60.30 million FXS tokens in the past year.
New sets of $FXB auctions are live for users! After the initial starting batches sold out, the new auctions are live today. $FXB Curve pool and farms are on both @arbitrum as well as mainnet @CurveFinance!
FXB UI: https://t.co/RTkRrJrh3e https://t.co/2RdQJ6qTOL
— Frax Finance (¤, ¤) 🦇🔊 (@fraxfinance) January 24, 2024
Frax Share also shows promising growth potential, especially when partnered with other networks. Therefore, experts predict that the coin will reach $31.98 for FXS by 2024, supported by its robust fundamentals and dedicated community.
4. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix unveiled a groundbreaking model that allows users to stake BTCMTX tokens for cloud mining credits. With a focus on inclusivity, the project has raised over $6 million, hitting its ambitious goals. In the ongoing presale, Bitcoin Minetrix surpassed $9.4 million of its $8 million target, selling tokens at $0.0126 each. This represents 70% of the total token supply, which amounts to 2.8 billion BTCMTX out of 4 billion tokens available.
A notable aspect of the project is its strike pool, which currently contains over 400,000 BTCMTX tokens and offers an impressive annual percentage return (APY) of 103.225%. This innovative approach aims to decentralize control, ensuring a robust mining ecosystem.
Bitcoin Minetrix’s community-based approach has resonated with the crypto space, while its unique tokenomics model adds depth to the initiative. Therefore, Bitcoin Minetrix’s innovative mining model, community involvement and successful fundraising position it as a promising project. While the pre-sale continues, interested investors are urged to explore the project’s offerings and potential benefits.
5. Maker (MKR)
Even though the DAO Maker’s sentiment is neutral, the high greed of 60 shows that it is ready for a bull. Over the past year, Maker’s price has remained primarily in the green zone, rising 213% to outperform 84% of the top tokens. Likewise, it is trading above its 200-day moving average, with high liquidity on platforms such as Binance, supported by its substantial market cap.
Furthermore, its annual inflation rate is negative 5.65%, indicating a controlled token offering. With its strong fundamentals and dedicated community, DAO Maker shows promise for future growth. Collaborations with other networks could further increase its value, potentially pushing the DAO coin price past $3.57 by 2024.
Even without such cooperation, the overall bullish trend in the crypto market suggests a sustained average price of around $3.24 for the DAO Maker Coin by 2024. In summary, DAO Maker offers a promising investment opportunity for crypto enthusiasts looking for long-term growth .
6. Polygon (MATIC)
The zkEVM network, a fusion of immutable and polygon technology, launched its mainnet ahead of schedule for game studio partners. The goal is to improve gaming experiences and create more engaging gameplay.
Last March, Immutable and Polygon teamed up to develop a specialized zkEVM for gaming. After ten months of work, the Immutable zkEVM mainnet is live for selected partners and game studios. Players using the Immutable Passport wallet can enjoy fee-free transactions.
The platform prioritizes diverse gameplay and smooth interaction, ensuring fast transactions. Polygon’s price outlook is positive, with a fear and greed index at 60, indicating decent market sentiment.
The next upgrade for Polygon zkEVM will effectively make the network a type 2 ZK-EVM. What does this mean for developers? This means that your code can be deployed on Polygon zkEVM exactly as it is on Ethereum—copy-paste and go, no modifications required.
The 10 day… pic.twitter.com/GThNxj7V6F
— Polygon (@0xPolygon) January 27, 2024
Polygon is actively trading above its 200-day moving average, showing strong performance compared to its initial sale price. It also boasts high liquidity and is listed on Binance. Overall, the early mainnet launch of zkEVM aims to improve gaming experiences through innovative blockchain technology. The Immutable-Polygon partnership is aligned to create a richer game.
Read more
Smog (SMOG) – Meme coin with rewards
Airdrop Season One Live Now Earn XP To Qualify For A $1M Share Featured On Cointelegraph Stake Rewards – 42% APY 10% OTC Discount – smogtoken.com
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Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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