5 Best Altcoins to Invest in Right Now February 16 – Stacks, Helium, Jupiter

adminFebruary 17, 2024

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As the Fear&Greed index approaches all-time highs, traders are adding promising tokens to their portfolios. Out of reach of large market participants, altcoins provide an investment opportunity to capitalize on the ongoing upward trend.

Nonetheless, effectively choosing the right altcoins for your portfolio requires dedication and thorough research. Therefore, this article will pinpoint a few standout altcoins for investors to consider, with the goal of simplifying the selection process.

5 Best Altcoins to Invest in Right Now

As altcoin season approaches, Stacks, Helium, and Jupiter stand out, offering unique characteristics and promising market prospects. Moreover, Bitcoin briefly exceeded $52,000, market capitalization It’s over 1 trillion dollars. The news has reignited optimism in the altcoin camp as investors actively update their portfolios.

1. STX

The Stacks ecosystem has reached another all-time high (ATH) in Total Value Locked (TVL). These achievements indicate the growing trust of users and developers within the ecosystem. Moreover, the number of key contributors to the ecosystem has increased significantly over the past few weeks. This growth represents a surge in interest and engagement, attracting investor 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. Ortegexyz also integrates with Stacks to provide builders and developers with enhanced data capabilities. The goal is to meet the growing demand for Bitcoin layer data and insights. Notably, this move comes amid the rapid expansion of Bitcoin DeFi, which highlights the need for robust data solutions.

STX price chart

Meanwhile, STX achieved remarkable growth, rising from 60th to 34th in the coin market capitalization ranking in just one year. With this growth, it has surpassed many popular tokens. Therefore, experts are predicting a further rise for BTC, predicting that it is likely to enter the top 20 around the halving. This is driven by the Bitcoin Layer 2 narrative and increased fees on the Layer 1 network.

Likewise, with the upcoming bull market, the “bestseller effect” is expected to drive the accumulation of more coins along with increased interest from investors. Additionally, the ecosystem within the Stacks network is expected to further expand.

new: @ortegexyz We’re integrating with Stacks to bring the power of data to builders and developers 🟧
As the demand for Bitcoin layer data and insights continues to grow, especially due to the rapid expansion of Bitcoin DeFi, the need for powerful data solutions is also growing.
Learn more 👇1/2 pic.twitter.com/Ymo48emf8e
— stacks.btc (@Stacks) February 12, 2024

Moreover, the greed index in the current market is high, so the price of Stax is expected to be strong. Over the past year, the value of STX has soared 734%. Therefore, it outperformed 96% of the top 100 coins, including Bitcoin and Ethereum. Moreover, $STX is trading above its 200-day simple moving average, with 20 of the last 30 days in the green, indicating strong momentum.

2. Helium (HNT)

Heading into 2024, Helium has shown strong performance indicating resilience and continued momentum. HNT rose 37%, reflecting continued investor confidence. Moreover, the current Fear and Greed Index is 72, showing that greed is rampant among investors. As the altcoin market shows signs of strength, investors are actively purchasing them.

HNT price chart

Moreover, the price trend of helium remains positive. HNT is trading 346.15% above its 200-day simple moving average of $2.25. The price has increased by 305% in the last 356 days. This performance outperformed Bitcoin, Ethereum, and 89% of the top 100 coins. Moreover, recent data shows that Helium experienced 17 green trading days last month, accounting for 57% of all trading days.

The v2.6.4 release includes bug fixes and new features. Users can now customize the lock-up period and delegate HNT immediately after the governance lock. Improved UI for canceled vote status in Governance. Additionally, the update includes better bug fixes…
— Helium🎈 (@helium) February 5, 2024

Therefore, industry experts predict a potential surge of 1398% to reach $64.72 by 2029. These forecasts are driven by increased adoption and network expansion. Considering these factors, investors consider Helium (HNT) a viable option, especially for those looking for a cheap token.

3. Jupiter (JUP)

Jupiter (JUP) recently joined the market with a Solana-based liquidity offering. It made headlines with its launch on February 1st. However, the token experienced a sharp price drop of more than 60% through airdrop immediately after listing. Despite this setback, signs that Jupiter is about to reverse the trend indicate a potential reversal. Market sentiment towards Jupiter (JUP) appears to be positive, supported by the Fear & Greed Index’s Greed reading of 72.

Moreover, the token is exceeding its 200-day SMA, indicating an upward trend. Moreover, it is in an advantageous position as it is close to the cycle peak. Along with its core strengths, Jupiter is expanding its DeFi offerings, launching a variety of products. JUP price chart

These include limit orders, dollar cost averaging (DCA)/time weighted average price (TWAP), bridge comparators, and perpetual trading. Furthermore, this comprehensive suite of tools positions Jupiter as a leading platform for traders looking for a variety of DeFi solutions.

Jupiter is united. @sanctumsoThe new LST! You can now trade bonkSOL, DriftSOL, and more throughout Solana.
Thanks to Sanctum, these trades leverage integrated LST liquidity to deliver better pricing.
Jupiter is excited to drive a limitless LST future with Sanctum! https://t.co/QyuZvKVjhO pic.twitter.com/tsYqoqcMhB
— Jupiter 🪐 (@JupiterExchange) February 15, 2024

JUP’s recent rally stems from the enthusiastic response to the Jupiter Work Groups (JWG) initiative led by the project’s founders. This move encourages collaboration and innovation within the Jupiter (JUP) ecosystem. To achieve this, we are leveraging the expertise of our community and experienced DAO experts. Meanwhile, the introduction of JWG has led to a noticeable increase in investor confidence, raising the level of market confidence.

4. Ituk Tuk (TUK)

that much Ituktuk Pre-sales have gained market traction, with recent funds raised exceeding $1,030,818. Investors are showing a lot of interest in this web3 startup. In particular, they were attracted by the attractive opportunity to purchase and stake annual rewards of 216%. The current token price is $0.02675. Moreover, investors are anticipating a potential surge in value as the project progresses to the next phase.

The eTukTuk Protocol is dedicated to advancing green initiatives through innovative solutions. Specifically, leveraging AI-based efficiencies. TUK tokens play a pivotal role in route optimization. This helps reduce traffic congestion, minimize fuel consumption and ultimately promote sustainable transport.

eTukTuk’s focus on green innovation also extends to supporting green transportation through AI research. This aligns the project’s pre-sales efforts with environmental goals. The project also leverages AI-enhanced blockchain technology to pioneer smart infrastructure and advance real-time green initiatives.

“Breakout crypto eTukTuk is working to improve urban transportation in developing countries through electric vehicles and blockchain technology.” – @cryptonews
Learn more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024

Generally, Ituktuk The pre-sale of the token created considerable excitement in the market. With a focus on sustainable urban transportation and promising blockchain-based solutions, eTukTuk continues to gain traction, evident from its growing community and impressive pre-sales. Therefore, investors should take advantage of current prices before the price increase expected in 13 days.

Visit eTukTuk Pre-sale

5. Manta Network (MANTA)

Recent market analysis suggests that MANTA is a promising alternative to consider in the upcoming rally. Unlike many altcoins that have reached their peak, Manta Network is a new entrant in the cryptocurrency market. Therefore, it boasts significant upside potential. Along with this, Manta Network’s recent token sale from January 16 to 28, 2024 resulted in a notable surge in post-sale value.

MANTA is currently trading near cycle highs, indicating positive performance relative to the token sale price. Manta Network also enjoys high liquidity, as evidenced by its market capitalization. This liquidity makes it attractive to investors looking for assets with stable trading conditions.

manta price chart

Additionally, beyond its financial outlook, Manta Network plays a pivotal role within the cryptocurrency ecosystem. It positions itself as Web3’s modular ecosystem, allowing users to develop and deploy decentralized applications (dApps) based on Solidity. This designation contributes to the advancement of decentralized finance (DeFi) and the broader Web3 environment.

🔱 together #MantaNewParadigmNow you can use: $STONE and $wUSDM Through various platforms! Get ready to explore and utilize 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 1 blockchains. This further strengthens its investment appeal by maintaining lower gas rates than Layer 2, providing a technological advantage favoring widespread adoption.