7 Best Altcoins to Invest in Now January 11 – Pepe, Arbitrum, Polkadot

The allure of altcoins has grown significantly in today’s crypto market. As investors look for various opportunities to get returns, the search for the best altcoins to invest in becomes extremely important. Therefore, this article compiles the best altcoins that can shape the future of DeFi, and offer returns to investors.

7 Best Altcoins to Invest in Right Now

In premarket trading, stocks related to the crypto sector experiencing rallies. Key players such as Riot Blockchain and Marathon Digital registered up 4.2% and 5% respectively. Microstrategy, a prominent Bitcoin investor, saw a rise of 2.5% while leading cryptocurrency exchange Coinbase recorded a rise of 4.4%.

1. Pepper (PEPE)

Pepe has shown remarkable market activity recently, with its daily price chart indicating a significant increase in buying demand. The coin’s value has seen an upswing from the low of $0.0000011. Pepe is holding at $0.0000014, showing an increase of 20% over the last 24 hours.

Furthermore, the 24-hour trading volume is $34.9 million, indicating increased interest in daily trading activities. The Relative Strength Index (RSI-14) trendline experienced an upward movement. As such, it is trading above the midline at 56, indicating a prevailing bullish sentiment. The Simple Moving Average (SMA-14) level indicates potential volatility in the coming hours.

the $PEPE treasury will be transferred to a multi-sig @safe under the following address:

0x310039f661E9fBD3518D2820221eD135fC99cBdD pic.twitter.com/xCHSD8mDan

— Pepe (@pepecoineth) December 22, 2023

Moreover, the 4-hour price chart for PEPE/USDT shows that bullish momentum is strengthening, leading the coin to surpass moving averages. However, resistance is encountered around the $0.0000015 mark, where bears are actively preventing upward movement.

2. Arbitration (ARB)

The ArbitrumDAO recently received a comprehensive proposal detailing the upgrade of ArbOS to version 11. This thoroughly tested proposal aims to strengthen support for the Arbitrum (ARB) token. The goal is to improve various services within Arbitrum, including Arbitrum Orbit, Arbitrum One and Arbitrum Nova.

A significant modification in this implementation involves the integration of support for EVM Shanghai. It also includes addressing specific pre-composition contract behavior. In addition, it involves fine-tuning the gas price parameters of the Arbitrum network.

Custom gas tokens for Arbitrum Orbit chains are now supported!💙🪐

Orbit chains can now use any ERC20 token for their transaction fees, allowing projects to build vibrant native economies.

Since the initial launch of Arbitrum Orbit, custom gas tokens have been the most… pic.twitter.com/pxWh582q4M

— Arbitrum (💙,🧡) (@arbitrum) January 4, 2024

Industry experts express optimism about the potential impact of these upgrades on Arbitrum’s performance in the coming year. Meanwhile, Arbitrum’s trading volume has recently increased by more than 50%. Analysts expect this bullish trend to continue, indicating a positive trajectory for the Arbitrum network.

3. Synthetix (SNX)

Synthetix has entered a transformative phase with its recent Andromeda upgrade, which includes a deflationary mechanism in the Perps V3 engine. After the Andromeda release on Base Network, 40% of the fees generated by the Perps V3 engine will be set aside. This fee will actively contribute to the acquisition and burning of SNX tokens, and draws inspiration from Yearn Finance contracts.

Nevertheless, the success of this deflationary strategy depends on the strategic distribution of fees resulting from the protocol’s multi-chain implementations. The breakdown of fee allocation on basis expressly indicates 40% for SNX repurchase and burn.

Did you miss our latest Liquid Conversations on Infinex’s upcoming launch? Here’s what you need to know about @infinex_app.

– Infinex: The CeFi 🤝 DeFi Gateway– Outstanding Features: Social Login, L1 Deposit, Smart Wallets, Auto-Bridge.– Introducing SNX Andromeda & Perps V3 on @base pic.twitter.com/c7nPqQ7gg7

— Synthetix ⚔️ (@synthetix_io) January 9, 2024

In addition, 20% goes to Perps Integrators, and the remaining 40% is allocated to USDC liquidity providers. Integral to the dynamic deflationary push is SIP-345, a Synthetix enhancement proposal. This system actively introduces the buyback and burn mechanism, while dynamically broadening the project’s collateral base by including USDC on Base.

4. Polka Dot (DOT)

Polkadot rose nearly 17%, indicating bullish momentum, with analysts expecting a push towards the $10 threshold. The current market analysis shows strong bullish signals, with support firmly established around the $6.65 level against the US dollar.

Moreover, the price is trading comfortably above the $8.00 zone and the 100 simple moving average (4 hours), confirming a positive trend. In terms of supply metrics, Polkadot boasts a circulating supply of 987.58 million DOT out of a maximum supply of 1.00 billion DOT. It currently ranks seventh in the Proof-of-Stake coin sector and ranks eleventh in the Layer 1 sector.

🔄 Exchanging USDC on Ethereum for native DOT is easy with Chainflip, a decentralized, trustless protocol powered by 150 independent validators.

⛓️ Chainflip allows users to exchange native assets across different blockchain networks without the need for wrapped tokens, eliminating… pic.twitter.com/pvovyR4drz

— Polkadot (@Polkadot) January 11, 2024

Noted performance indicators for Polkadot include a 71% rally over the past year, outperforming 51% of the top 100 coins. The coin maintains its position above the 200-day simple moving average, showing positive performance relative to its token sale price. Moreover, Polkadot shows high liquidity based on its market capitalization.

5. Meme Kombat (MK)

Meme Combat has been actively attracting attention by surpassing the $6,604,001 mark in its ongoing presale, on its way to reaching an $8,000,000 goal. The project stands out by implementing an innovative gaming platform tailored for enthusiasts.

$6.6 million passed💫$MK is moving fast and we’re working hard to create an engaging gaming experience👾 pic.twitter.com/JQh2OBWoRU

— Meme Kombat (@Meme_Kombat) January 11, 2024

Furthermore, Meme Kombat distinguishes itself by actively integrating betting and betting functions. It offers users many ways to engage with the platform while actively earning rewards. 50% of the MK token supply is available at $0.279 per token in the presale. Therefore, it establishes a fixed hard limit of $10 million. This double-action approach greatly strengthens the usefulness of MK tokens within its user base.

Crucially, Kombat memes has stated plans to actively list its tokens on a decentralized exchange. In addition, 10% of the total supply will be allocated to provide liquidity and actively accelerate trading. This strategic move, detailed in Meme Kombat’s white paper, underscores the project’s commitment to promoting decentralized trading of MK tokens.

6. Sui (SUI)

Sui shows bullish sentiment in its price forecast, complemented by an Extreme Greed reading of 76 on the Fear & Greed Index. The circulating supply of Sui Crypto currently stands at 1.10 billion SUI out of the maximum supply of 10.00 billion SUI. It also secures its position at #36 in the Tier 1 sector by market capitalization.

Furthermore, Sui is actively trading above the 200-day simple moving average, confirming its positive performance compared to the initial token sale price. Over the past 30 days, the sign has gained 18 green days, which accounts for 60% of the observed period. Its proximity to the cycle high underscores its current active trading stance.

Learn how @bluefinapp is logging billions in volume on its Sui-based DeFi platform, giving its users a first-class experience through sub-second finality and a simplified onboarding experience.https://t.co/ IOVTeri2FB

— Sui (@SuiNetwork) January 10, 2024

Additionally, Sui Crypto boasts high liquidity as measured by its market capitalization, indicating strong investor interest and market participation. As the market dynamics evolve, Sui Crypto emerges as a project with a consistent track record. As such, it is actively positioning itself as a significant player within the Tier 1 sector.

7. Immutable (IMX)

Unchangeable’s price is $2.21, reflecting a 13.06% increase in the last 24 hours. With a 24-hour trading volume of $189.77M, the project boasts a market capitalization of $2.92B, achieving a market dominance of 0.16%. Notably, it is third in the Layer 2 sector by market capitalization.

IMX’s sentiment indicators point to a bullish outlook, with the Fear & Greed index registering 76, indicating extreme greed in the market. The circulating supply of Immutable X stands at 1.32 billion IMX out of a maximum supply of 2.00 billion IMX.

Learn how @bluefinapp is logging billions in volume on its Sui-based DeFi platform, giving its users a first-class experience through sub-second finality and a simplified onboarding experience.https://t.co/ IOVTeri2FB

— Sui (@SuiNetwork) January 10, 2024

IMXs have seen a 361% price increase over the past year, outperforming 88% of the top 100 crypto assets. It is trading above the 200-day simple moving average. Additionally, the maintenance of positive performance over the token sale price indicates a stable position.

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