5 Best Altcoins to Invest in Right Now March 5 – Theta Network, eCash, Starknet

adminMarch 6, 2024

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As the market rises, investors are diversifying their portfolios with promising tokens, and several tokens are seeing huge gains. At a time when major market players seem inaccessible, altcoins present an attractive investment prospect for smart market entry.

However, choosing the most suitable altcoin requires dedication and extensive research. In this article, we will simplify the decision-making process by identifying some standout altcoins for investors to consider.

5 Best Altcoins to Invest in Right Now

As altcoin season approaches, Theta Network, eCash, and Starknet emerge as standout options offering unique features and promising market prospects. additionally, Bitcoin hits an all-time high above $69,000. This is due to the continued demand for ETFs. These developments have reignited optimism among investors in the altcoin space, leading to active portfolio updates.

1. Theta Network (THETA)

The Theta web wallet has undergone significant upgrades. Users can now swap TFUEL and TNT20 tokens directly within their wallets through ThetaSwap. Similarly, investors can participate in various Theta ecosystem projects such as LavitaAI, PogDigital, and ThePassaways.

Although this upgrade did not have a direct impact on price, Theta’s market performance was noteworthy. The Theta network is up more than 30% in the last intraday trading session, marking its highest gain of the day. The coin has headed north, growing by 50% to strengthen its uptrend over the past seven days.

THETA price chart

Meanwhile, the fear/greed index rose to 90 due to increased trading of the coin. This indicates extreme greed among investors. Over the past year, Theta token has seen an incredible price increase of 196%, outperforming 70% of the top 100 crypto assets during this period. Moreover, it is trading well above the 200-day simple moving average (SMA) of $1.056770.

On the positive side, the Theta token has recorded 19 green days out of the last 30 days, indicating a near-term bullish trend. Additionally, the ratio of market capitalization to 24-hour trading volume is 0.4579, boasting high liquidity based on market capitalization.

Using Theta Network’s cutting-edge AI computing technology, @Lavita AI We are building a new era of privacy-preserving AI-based healthcare data platform powered by Theta EdgeCloud.
Learn more at https://t.co/J77eclJ8tj. pic.twitter.com/LSgZcLbHIW
— Theta Network (@Theta_Network) March 2, 2024

Therefore, if the market holds the price above the support level of $3.010, the bullish momentum will continue. This could lead to a test of the $3.388 resistance level. Holding this price level could pave the way for Theta token to challenge the upper resistance level of $3.80 by the end of the week. In this regard, investors are closely monitoring the coin.

2. eCash (XEC)

The eCash ecosystem is taking steps to improve user experience and adoption. Cashtab Wallet has implemented several important improvements to streamline transactions and reduce fees.

Importantly, upgrading the ecash-coin selection library now supports eToken transactions, improving wallet functionality. This upgrade optimizes transaction configuration and provides lower fees for Cashtab users. In particular, users holding more than 1 million GRP eTokens now benefit from a minimum fee of 1.0 sat/byte, ensuring cost-effective transactions.

Additionally, the Chronik client backend upgrade is almost complete. Expected benefits include improved load times and reduced app size. These improvements are poised to further improve the overall user experience within the Cashtab ecosystem.

XEC price chart

Meanwhile, the eCash community continues to see impressive growth, as evidenced by the recent milestone of surpassing 70,000 followers on CoinMarketCap. This surge in community engagement coincides with eCash’s impressive performance in the market.

Moreover, the price movement of XEC has been impressive, rising 60.38% in the last 24 hours to reach $0.00007872. The market capitalization also increased significantly by 60.43%, reaching $1,519,461,559. Additionally, trading volume experienced an incredible surge of 1408.22%, reaching a total of $1,607,640,775.

Growth continues at an unstoppable pace! 🚀
🥳 Our Official @CoinMarketCap The community has just reached an incredible milestone of over 70,000 followers! 🙌
📲 https://t.co/h5c58PjSIG
💪🏻 #eCashArmy Let’s continue to create and grow together! $CHECK 🔥 pic.twitter.com/EXh2L8RmjY
— eCash (@eCashOfficial) March 5, 2024

Therefore, analysts remain optimistic about eCash price predictions. This view is well supported by the Fear and Greed Index of 90, which indicates extreme market greed. Over the past year, eCash has outperformed 63% of the top 100 cryptocurrency assets, demonstrating its resilience and growth potential.

Additionally, technical analysis shows that eCash is trading 151.90% above its 200-day simple moving average (SMA). eCash shows consistent positive momentum, with 19 green days recorded in the last 30 days, accounting for 63% of the period.

3. Starknet (STRK)

Starknet, a decentralized ZK-Rollup built on Ethereum, has released its latest upgrade schedule for version v0.13.1. This update aims to improve network functionality by expanding support for RPC 0.7, especially in the new full node version. Sepolia testnet will be upgraded on March 5th, Goerli testnet will be upgraded on March 6th, and mainnet will be upgraded on March 12th.

STRK price chart

Additionally, as interest and activity within the ecosystem increased, Starknet’s TVL hit ATH of $190.24 million. STRK gained intraday, rising 23% to $2.32. Likewise, STRK’s market capitalization was $1.64 billion, ranking 64th.

The team @Starkware and @HerodotusDev We’ve teamed up to introduce the new Cairo Verifier to enable developers to create custom L3 appchains on Starknet in the near future.
Want to know more?
Take a look at the details with Raz from StarkWare &. @0xmarcelloHerodotus CTO
📅March 7th
⏲️… pic.twitter.com/KXgLkZMTFo
— Starknet 🦇🔊 (@Starknet) March 5, 2024

Additionally, STRK’s trading volume rose 260% to $850 million, awash with green candlesticks. These developments highlight the growth momentum of Starknet, demonstrating its advancement and increasing adoption within the cryptocurrency community. As Starknet continues to solidify its position in the decentralized finance (DeFi) landscape, investors and enthusiasts are closely monitoring these upgrades and performance metrics.

4. Ituk Tuk (TUK)

that much Ituktuk The pre-sale gained significant momentum, with funds raised exceeding $1,711,416. This web3 startup is receiving significant interest from investors. This is mainly due to the attractive opportunity to purchase and stake tokens at 142% APY. At the current token price of $0.02775, investors are eyeing a potential future surge in value as the project progresses.

The eTukTuk Protocol is dedicated to advancing green initiatives, particularly through innovative approaches that leverage AI-based efficiencies. At the heart of the operation is the TUK token, which plays a key role in optimizing transport routes. This ultimately reduces traffic congestion and fuel consumption and promotes sustainable transport practices.

1/ Buckle up!
The automotive industry is on the verge of an electric revolution.
The global EV market, which will grow from $278.7 billion in 2022 to $72.798 trillion by 2050, isn’t just growing. It’s rewriting the rules of the road 🌐🔋 pic.twitter.com/gwH9G8fk81
— eTukTuk (@eTukTukio) March 5, 2024

As well as, eTukTuk’s Our commitment to green innovation extends to supporting green transportation through AI research, aligning pre-sales efforts with environmental goals. The project is at the forefront of pioneering smart infrastructure leveraging AI-enhanced blockchain technology. This drives real-time green initiatives.

Visit eTukTuk Presale

5. Optimism (OP)

Recently, with the growing popularity of L2 scaling solutions, the price of OP has skyrocketed. As one of the best L2 solutions, the token has benefited greatly from the increased market interest. Optimism boasts a Total Value Locked (TVL) of $1.027 billion, demonstrating increased trader participation. Hosting 97 protocols, including well-known names like Synthetix, Uniswap, and VELO, Optimism has become a key player in the DeFi space.

According to official statistics, Optimism has saved users $3 billion in gas fees, processed $2 billion on-chain value, and processed over 141 million transactions on the mainnet. These numbers highlight the platform’s efficiency and scalability in processing Ethereum transactions.

ON price chart

The recent all-time high price of OP token indicates bullish sentiment towards the token and its ecosystem. It is currently trading at $4.42, up 13.12% in 24 hours. Moreover, the token has been growing steadily, with gains of 13% in the past week, 14% in the past two weeks, and 30% in the past 30 days.

It has also recorded an impressive increase of 84% since the beginning of the year. Operating profit is trading at a level 177.80% higher than the 200-day simple moving average (SMA) of $1.598170, showing strong market momentum. Optimism’s performance, with 18 green trading days in the last 30 days, reflects continued positive investor sentiment.