Best Cryptocurrencies to Invest in Right Now April 7 – Kaspa, ORDI, Core

adminApril 8, 2024

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Many investors ask for this advice: best cryptocurrency To purchase. In this article, we analyze various tokens that may offer promising investment opportunities.

With the Bitcoin halving just around the corner, investors are wondering which tokens to invest in before the event. They are looking for coins that have the potential to make significant profits in the market. Over the past month, global cryptocurrency markets have been volatile, but the overall trajectory has been upward. The current market has grown by about 160% compared to last year.

Several select cryptocurrencies stood out this week, posting impressive gains of over 20%, according to a report from CoinMarketCap. These outstanding performers have captured the attention of investors, highlighting the unpredictable nature of cryptocurrency markets, which often experience sharp price fluctuations.

The best cryptocurrency to invest in right now

Insidebitcoins compiles a list of the best altcoins that show promising potential for significant profits. Among these, Core made headlines with its announcement of a partnership with stc Bahrain to strengthen the capabilities of the BTC ecosystem and promote blockchain technology advancement.

Meanwhile, BGB is currently trading at $1.28, up 1.33% intraday. The token’s performance was particularly notable, with a trading volume that was 180.13% higher than the 200-day simple moving average (SMA). On the other hand, the price of ORDI is $76.27, up 8.98% in the last 24 hours.

1. CAS

Recently, the price of Caspar soared 7.35%, showing a notable upward trend. Over a period of 7 days, the token witnessed a further surge of 5.94%. Despite these gains, Kaspa’s market movements over the past month have been in risk territory, indicating a decline in value over the period.

However, at the time of writing, Kaspa’s price is at $0.14, a 63.48% increase due to a significant increase in volume. This upward trend in price and volume suggests optimism among investors and traders. On a year-to-date (YTD) basis, Kaspa has seen impressive growth, with its price soaring 378%.

KAS price chart

This impressive surge puts Kaspa ahead of 81% of the top 100 cryptocurrency assets, surpassing both Bitcoin and Ethereum. Kaspa’s price is currently trading 125.83% above its 200-day simple moving average, indicating strong market momentum.

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— Caspian (@CaspaCurrency) March 29, 2024

The outlook for Kaspa points to an optimistic trajectory for the future. According to Kaspa price predictions, the coin could potentially peak at $0.239, with the average price hovering around $0.213 until 2024.

2. CORE

Core recently announced a partnership with stc Bahrain, a digital transformation leader in the Middle East. This collaboration aims to strengthen the functionality of the BTC ecosystem and promote the development of blockchain technology in the region. Under this partnership, stc Bahrain plans to use CoreChain’s technology to build and manage nodes within the CoreChain network.

The move is expected to support stc Bahrain’s efforts to strengthen its network infrastructure and drive digital transformation in the Gulf region. CoreChain is famous for its Satoshi Plus consensus mechanism, which combines the advantages of Proof of Work (PoW) and Delegated Proof of Stake (DPoS). Additionally, the technology provides a scalable, secure, and decentralized blockchain solution.

CORE price chart

The partnership between Core and stc Bahrain is consistent with the latter’s vision to promote economic growth and technological advancement in the region. It is also part of stc Bahrain’s Pearling Path partnership program, which is at the core of its Web3 Launchpad initiative.

One/@stc_bhr By partnering with Core Chain, we have taken a big step toward regional blockchain development. This collaboration forms the foundation of stc Bahrain’s Web3 Launchpad initiative to drive innovation and digital transformation in the Middle East https://t.co/drOpC7Qxzc pic.twitter.com/grbnLVrlV0
— Core DAO 🔶 (@Coredao_Org) April 4, 2024

In terms of market performance, Core prices have surged significantly in recent weeks. The price has risen 92% over the past week, reaching $2.63, making it the highest gainer among the top 100 cryptocurrencies by market capitalization. Additionally, Core’s market capitalization is currently approximately $2.3 billion.

Additionally, the upward trend in Core price is supported by strong bullish momentum. The $2.21 support zone could act as a catalyst, allowing bulls to push the price higher with the aim of reclaiming the all-time high (ATH).

3. Bitget Token (BGB)

BGB is currently trading at $1.28 and is up 1.33% on the session. The token’s performance indicates a bullish trend as it is trading 180.13% above its 200-day simple moving average (SMA) located at $0.458521. Moreover, the Fear and Greed Index was recorded at 78, suggesting that market sentiment is biased towards greed.

Over the past 30 days, BGB has traded with green candlesticks for 18 days, reflecting a notable positivity rate of 60%. This trend, combined with high liquidity based on market capitalization, presents favorable conditions for potential investors. Currently, BGB is trading near its cycle highs and shows resilience in the market.

BGB price chart

Bitget, the exchange that operates BGB, recently launched its third consecutive promotion involving ZK, DOPE, and ENA tokens through Launchpool. Participants can stake BGB or USDT to earn corresponding token rewards, with the advantage of being able to redeem BGB and USDT immediately. This strategic move appears to have had a positive impact on Bitget Token’s performance, further solidifying its position in the market.

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— Bitget (@bitgetglobal) April 7, 2024

Analysts predict a promising future for BGB as Bitget Exchange expands its reach. The next important target for Bitget Token is expected to be $2.20, which indicates potential gains in the near term. This upward trajectory is consistent with the exchange’s goals and suggests continued growth for BGB amid evolving market dynamics.

4. Ituk Tuk (TUK)

Ituktuk It aims to replace traditional gas-powered tuk-tuks with modern electric models. A network of solar charging stations in developing countries will support these electric vehicles. The project also plans to integrate AI technology into electric vehicles.

We’ve reached a major milestone of raising $2 million in pre-sales!
Thank you for your support.
Rest assured. These funds will fuel our mission for a sustainable future 🚀https://t.co/4kiTWB8U8Z
— eTukTuk (@eTukTukio) March 20, 2024

eTukTuk, which has received significant attention from investors, has a private community of over 52,000 people on Twitter and Telegram. The pre-sale raised approximately $2.8 million, setting the stage for a significant debut on major exchanges later this year. Investors are attracted to projects that focus on blockchain-based solutions and environmental innovation.

This move is expected to improve the project’s market presence and token value. today, TUK Tokens are available at a discounted price of $0.0295. The economics of the TUK token and the integration of AI technology provide an attractive opportunity for investors interested in environmentally friendly projects.

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5. ORDI

Coinbase International Exchange announced that it will launch a perpetual futures product for ORDI starting April 11. The move is expected to open up opportunities for institutional investors. ORDI gains traction amid potential bullish catalyst of Bitcoin halving.

ORDI price is $76.27, up 8.98% in the last 24 hours. The cryptocurrency’s 24-hour trading volume is $1.67 billion and its market capitalization is $1.6 billion.

ORDI price chart

ORDI’s current trading position is above the 200-day simple moving average, which indicates positive momentum in the price movement. It has also experienced green days on 15 of the last 30 days, accounting for 50% of recent trading activity. These factors point to strong near-term performance.

The fear and greed index, which indicates market sentiment, is currently at 78. This indicates extreme greed among investors and is consistent with ORDI’s optimistic outlook. One notable aspect of ORDI is its high liquidity, backed by a significant market capitalization. This makes it an attractive option for investors seeking sufficient liquidity in the market.