5 Best Altcoins to Invest in Right Now April 4 – Bitget Token, Immutable, Nervos Network

adminApril 5, 2024

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Market performance declined, with significant declines in overall capitalization and trading. These results suggest that investors are bracing for the impending Bitcoin halving.

Nonetheless, astute traders are seizing opportunities to buy during market downturns, anticipating significant profits in the coming up cycle. InsideBitcoins provides valuable perspective by identifying several notable altcoins worth considering for investors.

5 Best Altcoins to Invest in Right Now

Investors are focusing on tokens like Bitget Token, Immutable, and Nervos Network, seeing them as attractive investment prospects as they anticipate the next bull market cycle. This surge in interest will strengthen investor confidence, causing them to re-evaluate and fine-tune their investment portfolios.

At the same time, Bitcoin Minetrix received significant market attention, raising over $12.8 million in funding during the pre-sale phase. Meanwhile, Bitcoin maintains a position of $65,000. ARK’s Bitcoin ETF There was an outflow of $87 million.

1. Bitget Token (BGB)

In the current market trend, Bitcoin is down 6% due to decreased trading volume and market. Nonetheless, Bitget’s platform token, BGB, has shown remarkable resilience, defying the downtrend and rising 3% intraday. Bitget token is trading 184.78% above its 200-day simple moving average (SMA) pegged at $0.458521, indicating a bullish trend. Nonetheless, the Fear and Greed Index declined to 70, in line with the broader market decline.

BGB price chart

Meanwhile, BitGet held the Lunchpool promotion featuring ZK, DOPE, and ENA three times in a row. Participants can stake BGB or USDT to earn corresponding token rewards, with the added benefit of being able to redeem BGB and USDT immediately. This recent news appears to have contributed to the token’s ability to ride the current market situation.

Do I need to drive to the top? 📈
buckle up $BGB Accelerates to $1.38!🏎️✨#bitgetblue pic.twitter.com/cXn173c4Hy
— Bitget (@bitgetglobal) April 4, 2024

BGB observed the price closing with a green candlestick for 18/30 days, recording a positive ratio of 60%. Additionally, BitGetToken has shown significant growth, growing by an astonishing 217% last year. During the same period, BGB outperformed Bitcoin and Ethereum, outperforming 70% of the top 100 crypto assets.

In light of these developments, analysts predict an upward trajectory for BGB as Bitget Exchange expands its presence. The next major target for the Bitget token is expected to be $2.20, which would offer potential gains in a shorter period of time.

2. Immutable (IMX)

Immutable is a pioneering layer 2 scaling solution for NFTs on Ethereum that strives to address limitations such as low scalability and poor user experience. Blockchain allows users to enjoy instant transactions and significant scalability. It is also possible to issue and trade NFTs without gas fees while ensuring security.

Immutable’s January mainnet launch was met with fanfare and led to a surge in prices. However, IMX market movements have been down 30% in the last 30 days. Nonetheless, with the introduction of Blastroyale’s Plague Doctor in the Immutable zkEVM, experts remain optimistic and see a possible revival.

IMX price chart

This gives investors an opportunity to buy dips for future profits. Meanwhile, Immutable X was trading at $2.77, up 0.38% during the session. It is also currently trading at $0.907224, 205.54% above its 200-day SMA, indicating a positive trajectory.

that much @blastroyale Plague Doctor is officially live on Immutable zkEVM. @0xpolygonand @MeritCircle_IOSphere of!
Experience Blast Royale for yourself with Immutable Passport and join 500,000 other users participating in over 5 million matches.
pic.twitter.com/DR0Nhp2pTQ
— Immutable (@Immutable) April 2, 2024

Over the past year, Immutable X has seen a remarkable price increase of 151%. Additionally, it showed positive performance compared to the token sale price. Despite recent market fluctuations, Immutable X remains an interesting project with an innovative approach to NFT scalability on Ethereum.

3. Nervos Network (CKB)

The Nervos network has maintained steady positive momentum since launch. Taking this into account, CKB has printed an impressive 278% YTD. During this period, it outperformed 78% of the top 100 digital assets, including Bitcoin and Ethereum. In today’s intraday session, the price of CKB surged 2.98% to $0.018080. Moreover, it exceeded the 200-day simple moving average by 145.72%.

CKB price chart

The Nervos network has promising potential for further growth with increasing adoption rates and a dedicated community of supporters. Therefore, analysts predict that the price of CKB could reach $0.0156 by 2024 if the project discloses cooperation with other networks.

Some people said what is RGB++?
Here is a great article posted: @WuBlockchain Emphasizes the development of the Bitcoin Layer 2 ecosystem.
You may have seen Ordinals and Inscriptions taking over, but what about client-side validation contracts?
If you have…
— Nervos.bit (@NervosNetwork) April 1, 2024

In a bullish market scenario, the average price of Nervos Network Coin is expected to stabilize at around $0.0141 by the same year. Therefore, investors interested in the best altcoins should closely monitor the developments of the Nervos Network. Because Nervos Network’s trajectory suggests significant opportunities for future gains.

4. Bitcoin Minetrix (BTCMTX)

Miners are having a hard time in the Bitcoin cloud mining sector. Fraud and unreliable operators have questioned its legitimacy as a viable investment option. but, Bitcoin Minetrix We are revolutionizing this landscape with our groundbreaking Stake-to-Mine mechanism.

There are now 2 days left until episode 35. #Bitcoin Metrics conclusion! 🕒
How do you think cloud mining services can be improved in the future? 🌟 pic.twitter.com/qHYtF8rqxH
— Bitcoin Minetrix (@bitcoinminetrix) April 3, 2024

Based on smart contracts on the Ethereum network, this innovative approach allows users to earn mining hash power by staking and burning tokens. Addresses the shortcomings of traditional cloud mining while improving security and efficiency. The project has received significant market attention, having currently raised over $12.8 million in the pre-sale phase.

With a total stake of 762,997,224 BTCMTX tokens, Bitcoin Minetrix offers an estimated annual reward rate of 55%. Currently the reward is set at 158.5 per ETH block. As Phase 35 of the Bitcoin Minetrix pre-sale enters its final stages, investors have one day until the price increases. This presents a strategic opportunity to take advantage of the current token price of $0.0144 before the expected rise.

Investors looking for a reliable and innovative approach to cloud mining should consider the following: Bitcoin Minetrix And it offers a Stake-to-Mine mechanism. With impressive funding and a promising reward structure, the project aims to improve the cloud mining sector.

Visit Bitcoin Minetrix Presale

5. Bitcoin Cash (BCH)

In the early hours of April 4, 2024, Bitcoin Cash held its highly anticipated halving event, reducing miner rewards from 6.25 BCH to 3.125 BCH. This adjustment aims to rebalance the supply dynamics of cryptocurrencies. Following the halving, Bitcoin Cash’s network immediately reflected the change and the asset’s market performance took center stage.

Currently trading near $678, BCH has surged 11% in just a few hours, defying negative market sentiment. Over the past week, Bitcoin Cash has seen a significant 21% increase and has seen an impressive 47% surge over the past 30 days. Therefore, technical experts closely monitor the bullish trajectory of BCH. The recent break above the significant resistance area near $487 and the close of the bullish weekly candle are potential bullish signals.

BCH price chart

However, analysts expect consolidation to occur as BCH approaches its historic high of $729, a massive resistance level. Nonetheless, if Bitcoin Cash breaches this level, expectations are high for a significant upward trend, potentially resulting in significant profits for investors.

Bitcoin Cash’s halving event not only adjusted supply dynamics but also sparked optimism within the market. Investors are therefore closely monitoring BCH’s performance, with technical indicators favoring further upward momentum.