Bitcoin’s Impact on Altcoins
Bitcoin’s positive outlook has caused a spike in the overall crypto market. This increase reflects investors’ confidence in exploring promising tokens with potential upside, with the bulls anticipated. Hence, Altcoins are increasingly attracting investors seeking diverse entry points. Nonetheless, choosing the right altcoin requires dedicated effort and thorough research.
7 Best Altcoins to Invest in Right Now
1. Jupiter (JUP)
On a month-to-date basis, JUP has surged by over 183%, aiming to hit its initial value of $2. This remarkable growth is attributed to the Jupiter team’s effort to enhance and diversify the functionalities of the Jupiter ecosystem. Furthermore, Jupiter’s recent increase in trading volume has also propelled the tokens.
- Jup traded over $1.2 billion in volume over the last 24 hours, hitting an ATH after a 127.79% rally.
- Since the inception of the month, Jupiter has facilitated a total volume of 29.6 billion and processed 41.8 million transactions from 1.5 million distinct wallets.
2. Fantom (FTM)
Fantom’s recent market movement has been northbound, showing remarkable growth trends. Over just two days, FTM has seen a notable increase in value, skyrocketing by more than 33%. It’s hovering around $0.96 after a slight dip from the $1 level, marking an impressive 22% rise within the last day alone. One of the significant drivers behind Fantom’s recent surge is the reduction of FTM supply on cryptocurrency exchanges since March.
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, marking a 4.38% increase in the past 24 hours. With 18 out of the last 30 days closing in the green, investor sentiment remains optimistic.
4. Solana (SOL)
Solana is on an upward trend, coinciding with its launch date four years ago. This year, it has witnessed a staggering 276+ billion transactions, boasting a network of over 1600 validators and 254+ million blocks. Meanwhile, investor sentiment remains bullish towards Solana’s prospects, with the greed score pegged at 81.
5. eTukTuk (TUK)
eTukTuk seeks to tackle transportation challenges in developing regions and beyond, focusing on sustainability. The project’s presale has garnered significant attention, raising over $2.2 million thus far.
6. Helium (HNT)
In today’s trading session, HNT surged by approximately 3.74%. Showcasing bullish momentum, it found support near the 50-day Exponential Moving Average (EMA) and rebounded from earlier declines. Per its long-term trend, HNT crypto appears poised for further upside potential.
7. BNB (BNB)
Recent developments within Binance’s executive team have sparked interest and speculation among investors. Following the departure of Binance’s former CEO, Changpeng Zhao, the token experienced a downturn. Despite this initial setback, BNB has shown resilience and is recovering from this setback to print greens. Currently, it is trading at $317.6, marking a modest increase of 7.01% over the past month.
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