Blockchain

5 Best Altcoins to Invest in Right Now March 20 – Stacks, AIOZ Network, The Sandbox

adminMarch 20, 2024

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Investors are in HODL mode and the overall greed score has decreased from a high of 96 to 75. This outlook means that investors expect the impending Bitcoin halving to trigger a bull market. With this in mind, altcoins are gaining attention as an attractive investment option for those looking for a variety of entry points.

Nonetheless, choosing the right altcoin requires diligent effort and thorough research. This article simplifies this process by highlighting a few notable altcoins worth considering investing in.

5 Best Altcoins to Invest in Right Now

Bitcoin fell to around $63,000., recorded a red candlestick for three consecutive days. On the other hand, as the alt season approaches, Stacks, AIOZ Network, and Sandbox are receiving attention from investors as promising options. This resurgence of confidence among altcoin investors has led them to actively reassess and adjust their portfolios.

1. AIOZ Network (AIOZ)

With the ongoing AI boom, development in this industry is increasing as major players compete for the limited computing resources essential for AI computations. This increased competition is causing AI development costs to skyrocket and making it increasingly difficult for companies to engage in effective AI training.

Unfortunately, smaller players are facing a looming threat as their challenges are amplified as attention shifts to AI inference. But Horizon aims to level the playing field for small businesses. Powered by a vast network of over 74,000 global edge nodes, AIOZ #DePIN democratizes access to the essential computing resources needed for AI computation. We present a viable solution, especially for small businesses looking for AI inference.

AIOZ price chartAIOZ price chart

Moreover, the imminent release of AIOZ Node V3 represents a huge leap forward. This innovative node enables seamless collaboration between nodes within AIOZ DePIN, pooling resources to easily execute various AI computational tasks. Node V3, which supports the AIOZ Web3 AI (W3AI) service, seeks to transform the AI ​​inference market.

Meanwhile, the outlook for AIOZ Network is mixed, with a slight decline to $0.862178. Despite this decline, investor sentiment remains optimistic as coin trading remains healthy. The AIOZ network’s positive performance in particular includes a remarkable price surge of 2,665% over the past year.

Outperforming 96% of the top 100 cryptocurrency assets, AIOZ outperforms stalwarts like Bitcoin and Ethereum. The token sale price is trading above the 200-day simple moving average, reflecting positive market sentiment. These developments highlight the potential of the AIOZ network as a promising investment opportunity for the upcoming bull run.

2. Bitget Token (BGB)

Bitget Token has shown a steady rise since its launch and has received great attention from the market as a payment platform. The coin is worth $0.895267, representing a slight increase of 1.04% over the last 24 hours.

Moreover, market outlook, including current sentiment, favors Bitget Token. Likewise, a Fear and Greed Index of 74 indicates growing interest in the coin. Over the past year, BGB has surged 131%, outperforming 66% of the top 100 coins, including Bitcoin and Ethereum.

BGB price chartBGB price chart

Additionally, technical analysis further strengthens the position with Bitget token trading comfortably above its 200-day SMA, currently at $0.458521. Moreover, liquidity remains strong given its significant market capitalization.

Bitget Token’s prospects look promising, especially with potential collaborations. The price of BGB could exceed $1.36 by 2024 if the project discloses partnerships with other networks. Meanwhile, a bull market could push the average price of BGB to around $1.23 in the same year.

Nonetheless, in a bear market in 2024, the value of Bitget Token could plummet to $1.15. The Bitget token is well-positioned for future growth by demonstrating solid fundamentals and strong community support. Potential collaborations could further accelerate that trajectory, but investors should be mindful of market fluctuations and associated risks.

3. The Sandbox (SAND)

Sandbox aims to provide a new approach to virtual worlds by integrating DAOs, Metaverse, and NFTs. This allows users to unleash their creativity by allowing them to create, build, buy, and sell digital assets within a virtual gaming environment. This innovative approach creates a vibrant ecosystem and paves the way for new ‘Play-to-Earn’ models. Users can monetize their gaming experience.

With a limited token supply and growing community support, SAND has secured listings on major exchanges such as Binance and Coinbase. Additionally, the market performance of SAND is likely to maintain its upward trend with a 0.83% rally and the price is at 0.60652. This indicates growing investor interest and market sentiment.

SAND price chartSAND price chart

Meanwhile, SAND is up 42.30% compared to the 200-day simple moving average, showing positive performance compared to the token sale price. It also shows that market volatility is stable with a green day of 15/30. High liquidity, evidenced by market capitalization, further strengthens SAND’s attractiveness to investors seeking exposure to the rapidly growing metaverse sector.

In light of these developments, sentiment surrounding the sandbox project remains optimistic. The Fear and Greed Index is at 74, indicating prevailing optimism among market participants. As the project continues to innovate and expand its offerings, SAND seeks to capitalize on the growing mainstream adoption of blockchain technology in gaming.

4. Ituk Tuk (TUK)

eTukTuk’s With the focus on transportation, investor interest in pre-sales has grown significantly and experts are predicting further adoption. The project is based on blockchain technology and seeks to change the use and environmental impact of traditional tuk-tuks.

The project white paper also highlights the need for sustainable alternatives to combat the harmful effects of internal combustion engine (ICE) tuk-tuks, which are prevalent in developing countries. With a focus on solving environmental issues, eTukTuk extends its vision beyond simple tuk-tuks to other two- and three-wheelers.

Meanwhile, eTukTuk’s pre-sale attracted a lot of attention, raising $2.3 million. Currently priced at $0.0285 per $TUK token, investors are eyeing a potential surge in value as the pre-sale moves into its next phase in four days.

This presents an excellent moment for investors to take advantage of the current token price and the 110% APY before a potential price correction. With a commitment to sustainability and a positive response to pre-sales, Ituktuk This is an attractive option for investors looking to adjust their portfolio.

Visit eTukuk Presale

5. Stack (STX)

The recent approval of the Nakamoto upgrade to Stacks has sparked significant interest among cryptocurrency investors. This upgrade, approved by the Stacks Foundation, received unanimous approval from STX holders and overwhelming support from non-Stackers. According to the project’s white paper, the upgrade promises several improvements to the network.

These improvements include faster block times, guaranteed finality of Bitcoin transactions, reduced risk of forks, and more. It also includes a reduction in the Maximum Extractable Value (MEV) associated with Bitcoin transactions.

STX price chart STX price chart

Additionally, this upgrade will introduce sBTC, a trust-minimized version of Bitcoin aligned with the Stacks ecosystem, with the goal of improving the DeFi experience on the platform. Additionally, the Stacks Foundation encouraged community participation on the testnet to accelerate development and gather critical feedback for the success of the mainnet.

Accordingly, the price of STX soared more than 13% after approval and rose 12.10% in the last 24 hours. Sentiment on Stax price predictions is currently bullish, complemented by a Fear and Greed Index of 74, indicating a greedy sentiment among investors.

Last year, STX saw an incredible price increase of 175% and outperformed 73% of the top 100 cryptocurrency assets. It has recorded 16 green days in the last 30 days and is trading above its 200-day simple moving average, indicating positive momentum. In addition, STX has high liquidity relative to its market capitalization, further increasing its attractiveness to investors.

The Nakamoto upgrade approval and the resulting surge in STX prices highlight the growing trust and interest in the Stax ecosystem. With the expected improvements and innovations, Stacks aims to establish itself as the best token for investing in the cryptocurrency market.

Learn more

Green Bitcoin – Gamified Green Staking

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  • Coinsult’s contract audit
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  • Profit Forecast – Cointelegraph Feature
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  • More than $6 million raised

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adminMarch 20, 2024

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