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Traders are adding promising tokens to their portfolios as the Fear&Greed index nears its all-time high. With the major market players out of reach, altcoins offer investment opportunities to take advantage of the ongoing upward trends.
Nevertheless, effectively choosing the right altcoin for one’s portfolio requires dedication and thorough research. Therefore, this article points out some notable altcoins that investors should consider, with the aim of simplifying this selection process.
5 best altcoins to invest in now
As altcoin season approaches, Stacks, Helium and Jupiter stand out, with distinctive features and promising market prospects. Additionally, Bitcoin briefly surpassed $52,000, regaining a value of $52,000 Market capitalization of more than $1 trillion. This news has revived optimism in the altcoins camp as investors are actively updating their portfolios.
1. Stacks (STX)
The Stacks ecosystem has reached another all-time high (ATH) in Total Value Locked (TVL). This achievement indicates growing user and developer confidence in the ecosystem. Furthermore, the number of key contributors to the ecosystem has increased significantly in recent weeks. This growth means an increase in interest and participation, drawing investors’ attention to its native token, STX.
In just two months, the total cumulative number of $STX wallets has increased by more than 20%. This reflects a significant influx of new users and traders exploring the Stacks network. Additionally, Ortegexyz is integrated with Stacks to provide builders and developers with enhanced data capabilities. The goal is to meet the increasing demand for Bitcoin layer data and insights. This move comes especially amid Bitcoin DeFi’s rapid expansion, highlighting the need for robust data solutions.
Meanwhile, STX has grown remarkably, from about #60 to #34 in the coin market cap rankings within a year. Building on this growth, it has surpassed countless well-known tokens. Experts therefore anticipate a further increase and predict a possible entry into the top 20 around the halving of the BTC. This is driven by Bitcoin Layer 2 stories and escalating fees on Layer 1 networks.
Likewise, with the upcoming bull market, the “Best Seller Effect” is expected to lead to more coin accumulation with growing investor interests. In addition, further expansion of the ecosystem within the Stacks network is expected.
New: @ortegexyz integrates Stacks to bring the power of data to builders and developers ????
As the demand for data and insights in the Bitcoin layer continues to grow, especially with the rapid expansion of Bitcoin DeFi, so does the critical need for robust data solutions.
More information ????1/2 pic.twitter.com/Ymo48emf8e
— stacks.btc (@Stacks) February 12, 2024
Furthermore, the market’s greed index is currently high, which means that sentiment towards Stacks’ stock is bullish. Over the past year, STX’s value has increased by 734%. Therefore, it has surpassed 96% of the top 100 coins, including Bitcoin and Ethereum. Furthermore, $STX is trading above the 200-day moving average, with 20 green days out of the past 30, indicating strong momentum.
2. Helium (HNT)
Entering 2024, Helium has demonstrated strong performance, indicating resilience and continued momentum. HNT is up 37%, reflecting continued investor confidence. Furthermore, the current Fear & Greed Index stands at 72, indicating a prevailing sense of greed among investors. Therefore, investors are actively buying as the altcoin market shows signs of a bull run.
Moreover, the price development of Helium remains positive. HNT is trading 346.15% above the 200-day Simple Moving Average of $2.25. In the last 356 days, the price has increased by 305%. This performance has surpassed Bitcoin, Ethereum, and 89% of the top 100 coins. Furthermore, recent data shows that Helium experienced 17 green trading days last month, accounting for 57% of its total days.
The v2.6.4 release includes bug fixes and new features. Users can now adjust the lock duration and delegate HNT immediately after locking in Governance. There is an improved user interface for the status of canceled votes in Governance. In addition, the update includes a bug fix for better…
— Helium???? (@helium) February 5, 2024
Therefore, industry experts predict a potential increase of 1398% in 2029, reaching a level of $64.72. This projection is driven by increased adoption and network expansion. Considering these factors, investors consider Helium (HNT) as a viable option, especially for those looking for affordable tokens.
3. Jupiter (JUP)
Jupiter (JUP) recently entered the market with its Solana-based liquidity offering. It made headlines with its launch on February 1. However, the token experienced a sharp price drop of more than 60% following an airdrop shortly after listing. Despite this setback, signs point to a possible turnaround as Jupiter appears to be reversing its trend. Market sentiment towards Jupiter (JUP) appears positive, supported by a Greed value of 72 on the Fear & Greed Index.
Additionally, the token is above its 200-day SMA, indicating an uptrend. Moreover, the price is close to its cycle high, indicating a favorable position. Adding to its strengths, Jupiter is expanding its DeFi offering by introducing a range of products. 
This includes limit orders, Dollar-Cost Averaging (DCA)/Time-Weighted Average Price (TWAP), Bridge Comparator and Perpetuals Trading. By extension, this comprehensive suite of tools positions Jupiter as a leading platform for traders seeking diverse DeFi solutions.
Jupiter is integrated @sanctumso‘s new LSTs! You can now trade bonkSOL, DriftSOL and many more across Solana.
Thanks to Sanctum, these trades use uniform LST liquidity, giving you better prices.
Jupiter is happy to rule the infinite LST future with Sanctum! https://t.co/QyuZvKVjhO pic.twitter.com/tsYqoqcMhB
— Jupiter ???? (@JupiterExchange) February 15, 2024
JUP’s recent rally is attributed to the enthusiastic response to the Jupiter Work Groups (JWGs) initiative led by the project’s founder. This step stimulates collaboration and innovation within the Jupiter (JUP) ecosystem. To achieve this, it leverages the expertise of the community and experienced DAO professionals. Meanwhile, the introduction of JWGs has significantly increased investor confidence, thereby increasing confidence in the market.
4. eTukTuk (TUK)
The eTukTuk the pre-sale has been gaining momentum in the marketplace, recently surpassing $1,030,818 in funds raised. Investors are showing great interest in this web3 startup. They are particularly attracted by the tempting opportunity to buy and stake for 216% annual rewards. The current token price is $0.02675. Furthermore, investors expect a potential increase in value as the project reaches the next phase.
The eTukTuk Protocol is committed to promoting green initiatives through innovative solutions. In particular, it uses AI-driven efficiency. TUK tokens play a crucial role in optimizing routes. This helps reduce traffic congestion and minimize fuel consumption, ultimately promoting sustainable transportation.
Furthermore, eTukTuk’s focus on eco-friendly innovations extends to supporting green transportation through AI research. This aligns the project’s pre-sales efforts with environmental goals. The project is also pioneering smart infrastructure that uses AI-enhanced blockchain technology, advancing real-time green initiatives.
“Breakout crypto eTukTuk is working to improve urban transportation in developing countries with electric vehicles and blockchain technology.” – @cryptonieuws
Read more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024
Overall, the eTukTuk The token pre-sale has created a lot of excitement in the market. With a focus on sustainable urban transportation and promising blockchain-powered solutions, eTukTuk continues to turn heads, evidenced by its growing community and impressive pre-sales. Therefore, investors are urged to take advantage of the current price before the expected price increase in 13 days.
Visit eTukTuk presale
5. Manta Network (MANTA)
Recent market analyzes indicate that MANTA is a promising alternative to consider in the upcoming rally. Unlike many altcoins that have peaked, Manta Network is a newcomer to the crypto market. It therefore has substantial upside potential. Coupled with this, Manta Network’s recent token sale from January 16 to 28, 2024 resulted in a notable increase in value after the sale.
Currently, MANTA is trading near cycle highs, indicating positive performance compared to its token selling price. Furthermore, Manta Network has high liquidity, as evidenced by its market capitalization. This liquidity increases its attractiveness for investors looking for assets with stable trading conditions.
Moreover, in addition to its financial prospects, Manta Network plays a crucial role within the crypto ecosystem. It positions itself as the modular ecosystem for Web3, allowing users to develop and deploy decentralized applications (dApps) based on Solidity. This designation helps promote decentralized finance (DeFi) and the broader Web3 landscape.
????With #MantaNewParadigmyou can now get your $STONE And $wUSDM on a wide range of platforms! Get ready to explore and use your assets like never before!
1/14 ???? pic.twitter.com/nH47zicCqY
— Manta Network (????,????) #MantaNewParadigm (@MantaNetwork) February 14, 2024
One of the key features of Manta Network is its ability to provide faster transaction speeds than Layer-one blockchains. It maintains lower gas rates than Tier Two, giving it a technological edge that positions it favorably for widespread adoption, further strengthening its investment attractiveness.
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