5 Best Altcoins to Invest in Right Now March 10 – The Graph, Polygon, Render

adminMarch 11, 2024

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Investors are expanding their portfolios by exploring promising tokens with the potential for returns in the upcoming bull market. Although they may seem out of reach for major market players, altcoins are emerging as an attractive investment opportunity for savvy investors.

However, choosing the right altcoin requires thorough dedication and extensive research. This article aims to simplify your decision-making process by highlighting some standout altcoins worth considering investing in.

5 Best Altcoins to Invest in Right Now

Graph, Polygon, and Render have emerged as great options for inventors in the impending Alt season. meantime, Blackrock’s Bitcoin ETF Close to 200,000 BTC, surpassing Michael Saylor’s MicroStrategy. These developments have reignited optimism among investors in the altcoin space, prompting them to actively update their portfolios.

1. Graph (GRT)

TalentLayer has successfully integrated subgraphs into The Graph Network to improve decentralized access to on-chain data. TalentLayer is an open protocol and API that connects various marketplaces. Likewise, developers can create applications ranging from freelancing platforms to AI-powered recruitment agents.

Although this news had an impact on the price of GRT, the outlook for the coin was positive. GraphGraph (GRT) rose 12.12% in the last intraday trading session, reaching $0.442159. This upward trend is consistent with the bullish sentiment surrounding the price forecast.

GRT price chart

As a result, the greed score rose to 79 points, indicating an increase in token transactions. Additionally, The Graph boasts strong liquidity with a high 24-hour volume-to-market cap ratio of 0.2602, reflecting its strong market capitalization.

Additionally, looking at The Graph’s performance, it shows continuous growth. The token is trading well above its 200-day simple moving average (SMA) of $0.117455. In particular, The Graph has shown remarkable growth, surging 294% over the past year.

Graph Supported by @Blast_L2 Mainnet data after launch 🤝
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Build Blast subgraphs for performant and responsive Dapps with Subgraph Studio 💪
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— Graph (@graphprotocol) March 8, 2024

It also outperformed 74% of the top 100 cryptocurrency assets, including Bitcoin and Ethereum. This positive momentum has been further highlighted by 20 consecutive green days over the past 30 days, indicating favorable trading conditions.

The Graph (GRT) has seen significant growth in the cryptocurrency market since its inception. In line with this, it has delivered promising returns to early investors. With a limited token supply and strong community support, the future prospects for The Graph coin look promising. Consistent performance and integration within the decentralized ecosystem further supports this.

2. Polygon (MATIC)

Polygon’s adoption in the market is increasing as the need for scalability increases. The platform provides a user-friendly Ethereum scaling and infrastructure development environment through the Polygon SDK. The tool is a modular and adaptable framework that supports a variety of application types.

To leverage the Polygon CDK module, Astar Network has partnered with Polygon to build Astar zkEVM, a high-performance ZK-based layer 2 rollup. This makes Astar zkEVM the first chain to be fully integrated with AggLayer. These integrations facilitate seamless cross-chain transactions, improving the overall efficiency and usability of the ecosystem.

Matic price chart

Meanwhile, Polygon’s price forecast outlook was optimistic, with an overall positive market outlook. Accordingly, the Fear & Greed Index rose to 79 due to the prevailing sentiment of Extreme Greed. The current price is $1.216797 and Polygon has witnessed a notable increase of 6.53% in the last 24 hours.

Trading activity also surged, with 24-hour volume increasing 39.23% to $877,980,452. From a technical perspective, Polygon is showing positive signs as it is trading 45.62% above its 200-day simple moving average. Polygon surged 19% YTD, demonstrating continued growth momentum.

TGIF, coming soon.
Here’s the Polygon DeFi Weekly Roundup signed, sealed, and delivered: I know you’ve been waiting for this.
Check it.
—
One. @AlchemyPlatform DeFi protocols, games or… We are offering up to 6 months of free subgraph for new Polygon zkEVM and Polygon PoS developers building. pic.twitter.com/LE7WhPVc07
— Polygon DeFi (@0xPolygonDeFi) March 8, 2024

Recent market activity also highlights 16 green days over the past 30 days, representing positive performance for 53% of trading days. In addition, Polygon shows high liquidity based on its market capitalization, showing its attractiveness to investors.

3. Rendering (RNDR)

Render Token is one of the top 100 tokens by market capitalization and has enjoyed solid growth since its launch. As a leading provider of rendering solutions, Render Network has been actively participating in the decentralized AI discussion over the past two weeks.

Meanwhile, Render Token’s outlook is positive, in line with overall market sentiment. The coin’s Fear/Greed Index is also high, reaching 79 in trading transactions. Boasting a 24-hour volume to market capitalization ratio of 0.3234, the token maintains good liquidity relative to its market capitalization.

RNDR price chart

Over the past 30 days, Render Token has seen positive price movements on 20 occasions. It shows Green Day with the closing price exceeding the opening price, with a success rate of 67%. Additionally, trading activity consistently remains above the 200-day simple moving average. The token is trading at a whopping 329.75% premium to its 200-day SMA ($2.68).

(1/4) This week’s BTN trailer #GTC24It is the largest AI and GPU technology event of the year.
Learn more about the innovations and details of AI and GPU technologies coming to GTC. @julesurbach‘s lecture special feature @rendernetwork!https://t.co/J8lSTKT1Pd
— Render Network (@rendernetwork) March 8, 2024

Moreover, the performance of Render Token over the past year has been remarkable, recording a significant price surge of 1,110%. Therefore, analysts predict the continued growth of Render Token and expect it to surpass $100 by 2030. Notably, Render Token is poised to hit new all-time highs in the ongoing rally.

4. Wemix (Wemix)

WEMIX is garnering attention by recently announcing a partnership with CChallengerio, China’s largest gaming guild. Strategically, this is an important step towards regional expansion for both parties. This partnership aims to open new opportunities and provide users with an unparalleled gaming experience.

Under the banner of NightCrows, this collaboration seeks to redefine the gaming experience through OmnichainGaming. The introduction of WEMIX PLAY heralds a new era by providing users with increased freedom and security features.

Wemix price chart

Meanwhile, these series of collaborations and game releases have led to an increase in the price of WEMIX tokens. The price of the coin is $3.17, up 1.80% in the last 24 hours. Despite the neutral sentiment on the price prediction, the Fear and Greed Index registered at 79, indicating a significant trade. In particular, the token has soared 113% over the past year, reflecting a continued upward trend.

WEMIX PLAY, omnichain gaming starts now!🚀#WeMixPlay We are opening an era. #OmniChainGamingBreaking down network boundaries and increasing user freedom for a seamless cross-chain experience, PLAY Wallet has been updated to allow private key verification for additional control. pic.twitter.com/lTHex6MhJ7
— Wemix (@WemixNetwork) March 7, 2024

It is also trading 122.37% significantly above its 200-day simple moving average (SMA). With its solid foundation and dedicated cryptocurrency community, Wemix has the potential for future growth. Analysts therefore suggest that potential collaborations with other networks could push the token price above $7.23 by 2024.

5. SMOG

smog Market interest is growing, especially during the booming memecoin season. This coin continues to rise, showing consistently impressive performance. Nonetheless, the team is pursuing multi-chain status to expand its value and reach.

The plan includes launching tokens on additional decentralized exchange (DEX) and centralized exchange (CEX) platforms. These milestones are expected to take the project to unprecedented heights. Additionally, the project aims to execute the largest airdrop in Solana history. However, holders must participate in a staking scheme to qualify.

Regarding token economics, the $SMOG allocation allocates 35% of the airdrop reward supply. This will give the smog community access to this historic event in Solana. Additionally, 50% of supply is allocated to marketing efforts. Additionally, 10% is reserved for CEX launches and 5% is reserved to add liquidity for DEX launches.

Imagine a world where you don’t burn other people #memecoin with #smog! 🔥
It would be so boring… 😴
— Smog (@SMOGToken) February 27, 2024

In recent years smog The token has experienced an impressive upward trend due to the surge in investors joining the Smog community. As the week progresses, market observers expect the asset upward trend to revive, reflecting growing interest in the project.

Visit the Smog website