Best Cryptocurrencies to Invest in Right Now April 13 – Ethena, Goldfinch, VeChain

adminApril 13, 2024

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select best cryptocurrency Investing is a continuous task and new tokens are released every day on centralized and decentralized exchanges.

The upcoming Bitcoin halving is a highly anticipated event. cryptocurrency market. Historical halving cycles have resulted in incredible gains for Bitcoin, often breaking record highs. However, it is worth noting that the best altcoins like Solana, Chainlink, and SingularityNET also tend to experience significant market capitalization surges. Surprisingly, some altcoins have outperformed Bitcoin since the halving.

The best cryptocurrency to invest in right now

New tokens flood the market every day through various exchange platforms in the cryptocurrency market. Staying informed is essential as investors seek to identify the most promising opportunities. In this article, we highlight notable cryptocurrencies worth considering investing in and take a closer look at the reasons for their potential rise.

1. Athena (ENA)

Ethena is a new synthetic dollar protocol that runs on the Ethereum blockchain. It offers a stablecoin alternative called USDe. Unlike traditional stablecoins, USDe is not dependent on fiat but is backed by cryptocurrency.

In recent weeks, ENA has seen significant growth, with its price rising from $0.62 to $1.50 and its market capitalization increasing from $854 million to $1.8 billion. This is a remarkable 105% surge in just one week, an incredible achievement.

ENA price chart

ENA’s current trend is very bullish and the token continues to reach higher highs and lows. Technical analysis indicates a promising outlook for Ethena, with all four technical indicators indicating positive momentum for ENA. Market analysts expect the Ethena price to reach $1.73 by the end of the second quarter of 2024.

We are pleased to announce our integration with exchange wallets.
Integrated wallets include:@Web3WithBinance @Bybit_Official @okxweb3 @BitGetWallet
Users who have locked their USDe for at least 7 days through the exchange Web3 wallet can receive a 20% rewards boost starting today. pic.twitter.com/kUJOLiKeKM
— Athena Labs (@ethena_labs) April 10, 2024

The token’s Relative Strength Index (RSI) remains strong, indicating there is room for further growth, especially considering the liquidity available on various platforms. Additionally, increased whale activity and staking rewards support a potential price surge soon.

2. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix It has garnered significant attention, raising over $13 million during its initial coin offering (ICO) phase and preparing for an imminent exchange listing. This pre-sale success highlights the growing demand for decentralized pathways involving Bitcoin.

There are now 48 hours left until the end. #Bitcoin Metrics Level 37! ⏳
How do you think adoption will happen? #Bitcoin Will the company’s reserve assets affect mining? pic.twitter.com/bLaKl4vtVQ
— Bitcoin Minetrix (@bitcoinminetrix) April 13, 2024

Additionally, the project plans to disrupt the Bitcoin mining landscape through its Stake-to-Mine mechanism. This system allows users to stake native BTCMTX tokens in exchange for mining credits. Additionally, these credits can be utilized as Bitcoin mining time or as a portion of mining profits.

By exchanging these credits for mining time on the decentralized Bitcoin Minetrix service, holders can merge staking rewards with Bitcoin mining profits, potentially doubling their profits. It is currently trading at $0.0146 per token. BTCMTX Provides investors one day before the next price adjustment.

Visit Bitcoin Minetrix Presale

3. Toncoin (TON)

The TON Foundation recently announced a collaboration with HashKey Globals, sparking interest in the cryptocurrency community, especially in the Asia Pacific region. The partnership aims to provide users with a seamless experience exchanging Toncoin for cash.

This initiative marks the beginning of a joint effort to initially establish a base in Hong Kong, with plans to expand into other APAC markets depending on the success of the initial phase. Moreover, the partnership extends beyond simple transaction facilitation. This includes collaborative exploration of new ecosystem projects, mentoring opportunities, networking, and other incubation activities.

TON price chart

The announcement of this collaboration coincided with a notable shift in the value of Toncoin. Following this news, the cryptocurrency experienced a slight rise of around 1.7% before falling nearly 4% within 24 hours. Before the announcement, Toncoin surged to a new ATH, reaching $7.65 per token.

💸 $219M airdrop for Memecoin traders!
TON Foundation just airdropped $300,000. $TON To the most active memecoin traders @dedust_io and @ston_fi. If you exchanged a whitelisted token between March 4th and April 10th, congratulations! You got it. 🥳
Details 🧵⬇️ pic.twitter.com/VSRImzRoIh
— TON 💎 (@ton_blockchain) April 11, 2024

Additionally, to encourage participation within the ecosystem, the TON Foundation recently distributed 300,000 Toncoins to active meme coin traders on select platforms. This airdrop, worth approximately $2.19 million, targeted traders who performed trades between specific dates and rewarded 90 free tokens per eligible wallet.

4. Gold Finch (GFI)

Goldfinch operates within the global credit space and functions as a protocol providing stablecoin yields derived from sustainable real economic activity. The main goal of the platform is to improve the accessibility of DeFi lending by facilitating lending that accepts collateral on and off blockchain. Over the past 24 hours, the GFI token has grown significantly and is currently trading at $4.02 after rising 2.01%.

Moreover, the price of GFI soared 501% in one year, exceeding 91% of the top 100 cryptocurrency assets based on performance during the same period. Sentiment surrounding the token price prediction is currently bullish, with the Fear and Greed Index sitting at 72, indicating the level of greed among investors.

GFI price chart

Technically, GFI is trading above its 200-day simple moving average, suggesting positive momentum. We’ve also experienced 15 green days in the last 30 days. Additionally, GFI boasts high liquidity relative to its market capitalization.

In summary, Goldfinch is a promising player in the DeFi space that offers a unique approach to lending and stablecoin yields. However, investors should conduct thorough research and consider the risks of investing in cryptocurrency before making a decision.

5. VeChain (VET)

VeChain recently signed a $100 million contract with Ultimate Fighting Championship (UFC). Over the next five years, the partnership aims to expand the UFC’s global reach by leveraging VeChain’s technology to connect with fans around the world. The move marks the UFC’s entry into the blockchain space, acknowledging the growing influence of cryptocurrencies in sports.

VET price chart

This collaboration marks UFC’s entry into the cryptocurrency market and highlights the growing acceptance of blockchain technology. This partnership also means that VeChain will have access to the UFC’s fan base, which is ideal for the UFC’s growth. The impact of this alliance on the market value of VET is already evident.

Today is a day of great progress in our relationship with Korea. @UFC!#VChain Enhanced NFC and blockchain technology are integrated into the fighter gloves, providing immutable record of use and ensuring fans receive authentic, blockchain-certified products. pic.twitter.com/XFqdlmWqTU
– VeChain (@vechainofficial) April 12, 2024

Despite recent market fluctuations, the token has shown signs of recovery and has been trading above its 200-day simple moving average. VET has also experienced a positive trend in trading activity, with increases in 16 of the last 30 days, indicating increased investor interest.

Investors are optimistic about the value of VET and predict prices will rise. Moreover, the Fear and Greed Index is 72 (Greed), showing that investors are leaning towards greed. Going forward, the impact of this partnership on UFC’s global expansion and VeChain’s market presence will become more evident.