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The cryptocurrency market had a boom on Monday significant selling pressure, with Bitcoin plummeting nearly 5% below $60,000. This downward trend extended to the altcoin market and affected major assets such as Ethereum. As a result, the overall crypto market saw a collective drop in value of nearly $1.2 billion.
Amid the extensive correction, our in-house analysts have selected six promising altcoins such as Bitget Token, Jito, Injective and Ankr Network. These cryptocurrencies provide an excellent buying opportunity for investors on the sidelines looking to take advantage of the market dip.
5 Best Altcoins to Invest in Now
INJ holders are strategically adjusting their portfolios in anticipation of an upcoming partnership deal. The token shows strong resilience, reflected in a Fear and Greed Index score of 81. Meanwhile, Ankr has experienced a 7% increase over the past seven days, indicating a notable shift in investor sentiment towards the token .
Additionally, Solana’s recent blockchain initiatives are drawing attention, particularly Mega Dice, a gaming and gambling token that has rapidly gained popularity since pre-sales began. Mega Dice has already raised more than $1 million, underscoring the substantial interest in this innovative concept.
1. Injective (INJ)
Injective has entered into partnerships with Noble and Clusters. Through the partnership with Noble, Injective will gain direct access to USDC issued on the platform, allowing users to seamlessly consume native USDC through various dApps within the ecosystem, such as HelixApp. Additionally, integration with Clustersxyz facilitates a unified identity for Ethereum, Solano, and Injective.
Meanwhile, despite its early stages, the token has quickly attracted attention within the crypto market. The project has successfully attracted numerous DeFi initiatives, strengthening the fundamental infrastructure of the ecosystem. Recent successful funding rounds underline the growing presence in the DeFi space and highlight its growing significance.
Furthermore, it ranks 4th in the AI crypto category. The token also has high liquidity based on its market capitalization. Moreover, Injective is trading 266.48% above its 200-day simple moving average. It indicates positive performance compared to the token selling price and is trading near the cycle high.
Brand new website just launched for the Injective Builder House!
The exclusive event will bring together the best developers, institutions and companies from across Web3 @EthCCweek.
Register here: https://t.co/JvUu2Qj58o pic.twitter.com/X3qndZ7wtB
— Injective 🥷 (@injective) June 20, 2024
These developments have created excitement around the $INJ, pushing its value up by 9.01%. Currently, Injective is trading at $23.00, with a 24-hour trading volume of $163 million. Investor sentiment analysis points to a bullish outlook, indicating the potential for continued upside momentum. As a result, the Greed score has risen to 81, reflecting increased buying pressure.
2. Ankr Network (ANKR)
Ankr Network is a unique project developed to streamline web3 development. It provides a blockchain-based cross-chain infrastructure that enables the development of decentralized finance (DeFi) and applications (dApp). Ankr is also known for its staking protocol, Stkr, which supports ETH staking and provides significant liquidity for Ethereum 2.0 stakers.
Meanwhile, investors are optimistic about Ankr’s prospects, which is reflected in bullish sentiment. This increase in positive sentiment has increased the Greed score to 81, indicating strong investor and trader confidence. The overall market recovery has also seen market participants closely following ANKR’s trajectory, buoyed by increasing transaction volumes.
Additionally, ANKR is currently trading at $0.03197, with a market cap of $449 million and a total value of over $82 million (TVL). The current price marks an increase of 7% in the last 24 hours and an impressive increase of 5945.3% from the all-time low on March 13, 2020.
Web3 is all about decentralized interactions 🌐 and leveraging distributed systems for the benefit of all ✨
Ankr RPC endpoints power these interactions with reliable, fast, and often free service 🚀
Connect today 🔗https://t.co/lliCbHbzx7
— Ankr (@ankr) June 25, 2024
Additionally, Ankr Network is trading 91.69% above the 200-day Simple Moving Average (SMA). These statistics indicate a strong bullish trend. The crypto has also experienced 21 green days out of the past 30. Therefore, the daily closing price has consistently exceeded the daily opening price.
3. Mega Dice (DICE)
Mega dice, a renowned casino, wants to revolutionize the GamingFi sector. This token not only incentivizes existing users, but also entices new ones and is a cornerstone of Mega Dice’s gamification strategy. Interestingly, Mega Dice is poised to take the lead in crypto casinos by introducing daily rewards tied to platform performance.
Solana’s recent blockchain initiatives are turning heads, especially Mega Dice (DICE), a gaming and gambling token that has quickly gained popularity since its pre-sale launch. With more than $1.5 million raised, Mega Dice is showing substantial interest in its innovative approach within the gaming industry.
Mega Dice’s presale has been extremely successful, surpassing substantial funding milestones and illustrating robust demand for its token. Due to their accessibility and limited availability, $DICE tokens are highly sought after, generating significant interest among potential investors.
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— Mega Dice Casino (@megadice) June 25, 2024
Currently, each $DICE token costs $0.0825. Mega dice has already sold almost $25 million worth of $DICE tokens. Following the presale, Mega Dice plans to offer $DICE tokens on decentralized exchanges (DEXs), which could further strengthen their appeal and accessibility.
Visit Mega Dice Presale
4. Jito (JTO)
Jito’s team has unveiled plans for the ‘Eigen Layer of Solana’ project, aiming to emulate the success of Eigen’s layered solutions. The successful launch of this project could potentially reproduce the excitement and attention that caused a significant rally in the token’s price.
Recently, the token emerged as the leading DeFi protocol on the Solana network, closing the week with a total value locked (TVL) of over $1 billion. This substantial increase caused a significant increase in the price of the Jito token, which increased by 8.5% during the week.
Despite these developments, the Recast Protocol has struggled to gain significant traction. Furthermore, Jito’s recent airdrop had little impact on short-term performance. However, JITO has recorded twenty positive price movements over the past thirty days, underscoring its strong momentum and appeal.
Viral apps can change a landscape in less than six months.
Who will build the app that will get 100 million people on board? @solana?
— Jito (@jito_sol) June 21, 2024
The token is priced at $2.43, which reflects an increase of 1.89% over the past seven days and an increase of 8.12% over the past 24 hours. Furthermore, the token exhibits strong liquidity, evidenced by its significant market capitalization. Market sentiment towards Jito’s price prospects remains optimistic, supported by a Fear & Greed Index score of 68 (Greed).
5. Bitget Token (BGB)
Bitget has introduced three Launchpool promotions: DOPE, ZK and ENA. Participants can stake BGB or USDT to earn token rewards, with the added benefit of being able to redeem BGB and USDT immediately after staking. This recent initiative has increased the token’s resilience despite current market conditions.
Despite a brief recovery, the Bitget token is still suffering the consequences of the recent market decline, which resulted in a price drop in recent days. However, Bitget’s platform token, BGB, is starting to show signs of recovery. The token has defied the prevailing downtrend and posted an intraday gain of 4%.
Moreover, BGB has recorded 18 out of 30 days in which the price closed in green candlesticks, reflecting a remarkable positivity rate of 60%. The price is currently $1.1, indicating a bullish trajectory. Despite this, the Fear & Greed Index has fallen to 70, reflecting the broader market decline. Meanwhile, Bitget Token has grown significantly, up 201% over the past year.
Given these developments, analysts expect an upward trend for BGB. This prediction is further supported by the expansion of Bitget Exchange’s presence. The next major target for Bitget Token is expected to be $2.10, bringing potential gains for investors in a shorter time frame.
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