Best Cryptocurrencies to Invest in Right Now April 20 – dogwifhat, Fetch.ai, Threshold

adminApril 21, 2024

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Discover best cryptocurrency View investment options and gain insight into recent market trends and profitability potential.

The global cryptocurrency market capitalization reached $2.36 trillion, increasing 2.12% intraday. This surge in trading activity signals increased investor interest and participation in the cryptocurrency market. Additionally, decentralized finance (DeFi) protocols were on the rise, accounting for $5.98 billion, or 9.26% of the overall cryptocurrency market 24-hour volume. The recent surge in market size reflects the growing appetite of investors for altcoins. As a result, Insidebitcoins has compiled a list of tokens that we expect to see significant growth potential.

The best cryptocurrency to invest in right now

The current value of dogwifhat is around $2.75, showing a slight increase of 1.25% over the past week. Meanwhile, MX traded at $2.82, well above its 200-day simple moving average (SMA), marking a solid market performance with an impressive gain of 87.89%. The price of FET surged 8.19% intraday to $2.33 and recorded a significant trading volume of $1.9 billion.

1. Dog We Part (WIF)

According to CoinMarketCap, the current price of dogwifhat is around $2.75 and has seen a slight increase of 1.25% in the past week. The token has also experienced an increase of 13.56 over the past 30 days. This rise in value coincides with the growing interest of investors and traders in the cryptocurrency market.

WIF price chart

Additionally, the token has high liquidity, which is reflected in its market capitalization. This indicates that a significant amount of WIF is available for trading, making it easy to trade without significantly impacting the price.

$WIF Coinbase https://t.co/qt4Tc63CY6 pic.twitter.com/aIv0VTnImD
— dogwifcoin (@dogwifcoin) April 18, 2024

Moreover, Coinbase International recently announced the listing of WIF perpetual futures, scheduled to launch on April 25th. This move is expected to strengthen liquidity and provide more trading opportunities for WifDoge tokens. Overall, dogwifhat’s recent price movements and increased market interest suggest that interest in the cryptocurrency is growing and that further development may be possible soon.

2. MX Token (MX)

MX tokens serve as the backbone of the MEXC ecosystem and grant holders various rights within the platform. This includes voting rights on business matters, team elections, and priority access to platform activities.

Despite the recent market downturn, the MX token has shown resilience, increasing its value by 40.02% over the past 30 days. At the time of this writing, it rose from $4.08 to $5.78 before settling at $5.27. Moreover, MX has seen its price surge by an impressive 128% over the past year, outperforming 65% of the top 100 cryptocurrency assets.

MX price chart

Additionally, market sentiment for MX is currently bullish, with the Fear and Greed Index reading at 66 (greed). Additionally, MX is trading 87.89% above its 200-day simple moving average (SMA) of $2.82, indicating strong market performance.

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– MEXC (@MEXC_Official) April 11, 2024

Notably, the MX token has recorded 20 positive trading days out of the last 30 days, indicating a favorable trend in recent market activity. Based on market capitalization, the token exhibits high liquidity and is currently trading near cycle peaks. These factors contribute to the attractiveness of the cryptocurrency market as an investment option.

3. Threshold (T)

Threshold is a groundbreaking integration of the Keep and NuCypher communities, forming the first network on-chain federation. The collaboration aims to strengthen user sovereignty in blockchain through a series of threshold crypto services provided by Threshold.

Additionally, the introduction of Threshold USD (thUSD) into the Threshold ecosystem has generated notable bullish sentiment for T. This led to a 4.77% price increase in the last 24 hours. T is currently trading at $0.03595 and is trending above the 200-day simple moving average.

T price chart

Looking at recent performance, T has recorded 15 green days out of the last 30 days, indicating a positive momentum of 50% over the past month. Additionally, it boasts high liquidity relative to its market capitalization. Sentiment on the price forecast is currently bullish, with the Fear and Greed Index sitting at 66, indicating greed conditions.

We are very excited that tBTC will be the backbone of the first Bitcoin economic layer. 🫡
Want an early invite code? Check this out: https://t.co/QwUvDpAeqG
— Threshold Network ✜ (@TheTNetwork) April 17, 2024

In summary, Threshold presents an innovative approach to blockchain integration that aims to increase user control and security through a threshold encryption solution. The introduction of thUSD further strengthens the position, reflected in the recent upward price trend and favorable trading indicators.

4. 99 Bitcoin (99BTC)

that much 99Bitcoin Token is a notable player in the cryptocurrency space. The focus on encouraging education and learning makes it currently valued at $0.00101 per token an affordable entry point for potential investors. The project aims to foster the investor community through educational initiatives and rewards mechanisms.

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start! https://t.co/ZXji0s6ACe#BTC airdrop #Cryptocurrency giveaway pic.twitter.com/GzBkfTFNPF
— 99Bitcoins (@99BitcoinsHQ) April 20, 2024

99Bitcoins has garnered significant attention since its inception, raising over $400,000 in rapid funding shortly after launch. This traction highlights the project’s appeal within the cryptocurrency community.

99Bitcoins Token also launched an airdrop campaign to engage the community. The campaign offers participants the chance to win a total of $99,000 in free Bitcoin. Participating in a campaign involves something as simple as following the project’s social media channels.

The pre-sale of tokens consists of several stages, each stage marked by a gradual increase in the token price. Furthermore, 99BTC The staged approach gives early investors the advantage of securing tokens at low prices, with the price expected to rise to $0.00113 per token in the final stage. The project aims to raise approximately $11 million through this pre-sale strategy.

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5. Fetch.ai (FET)

Recently, token holders of Fetch.ai, SingularityNet, and Ocean protocols voted in favor of a $7.5 billion merger. The merger aims to build the Artificial Superintelligence Alliance (ASI) project, which is scheduled to launch on May 24. As part of this merger, Fetch’s token (FET) will be converted to ASI token, with a total supply of 2.6 billion.

Similarly, SingularityNet and Ocean tokens convert to ASI at a ratio of approximately 0.43:1. This will bring the total value of ASI tokens after the merger to $7.5 billion.

FET price chart

The ASI project also plans to strengthen GPU infrastructure to support commercial, compute, and data initiatives. Fetch.ai also launched a $100 million investment last month to deploy Nvidia H200, H100, and A100 GPUs, creating a platform for developers and users to leverage computing power.

Fetch.ai is a decentralized machine learning platform that aims to accelerate the development and deployment of AI-based services. Currently trading at $2.33, the token is up 8.19% intraday and has a trading volume of $1.9 billion.

Innovative DApps #Decentralized AI! 🌐🔗
Building on existing partnerships @Ankr2024 opens new avenues for collaboration. #GPU Markets become more important #web3 & AI agent technology has matured 🤖
Find out more 👇https://t.co/9vRN3DjhH0 pic.twitter.com/neyVnoeOVe
— Fetch.ai (@Fetch_ai) April 17, 2024

Additionally, Fetch.ai’s price prediction sentiment remains neutral while its Fear and Greed Index stands at 66, indicating greed sentiment. Last year, Fetch saw significant growth, surpassing 90% of the top 100 crypto assets with price increases. 542%. In particular, it shows high liquidity relative to market capitalization and is trading near the peak of the cycle.

It also maintains positive performance relative to the token sale price. It is also trading above its 200-day simple moving average, further solidifying its positive performance trajectory.