Dec 30 7 Best Altcoins to Invest in Right Now – Internet Computer, Bitcoin Cash, eCash

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The appeal of altcoins continues to captivate investors and provide a variety of investment opportunities. However, determining the best altcoin to invest in combines analysis, market trends, and innovation potential.

For some investors, doing this takes time and effort. Therefore, Insidebitcoins selects the best altcoins that show potential and utility in the current market environment.

7 Best Altcoins to Invest in Right Now

According to S&P Global Market Intelligence Based on the data, several tokens have seen notable gains over certain periods of time. BNB observed a significant increase of 16%, along with tokens from MultiversX and Optimism, which also saw an identical increase of 16%. Additionally, the Theta network saw nearly double-digit growth, with a gain of approximately 10%.

1. Bitcoin Cash (BCH)

Bitcoin Cash’s 192% price surge has piqued investor interest. BCH maintains consistent trading positions above the 200-day simple moving average, indicating a stable upward trend.

Looking at supply dynamics, the current circulating supply of Bitcoin Cash is 19.6 million out of a maximum supply of 21 million BCH. Over the past year, 360,525 BCH have been created, which accounts for the current annual supply inflation rate of 1.87%.

BCH price chart

Analyzing recent trends, Bitcoin Cash has observed 17 positive trading days out of the last 30 days, accounting for 57% of the period. Strong liquidity reflected in market capitalization indicates a strong presence in the market. The annual inflation rate is 1.87%. This indicates a controlled and relatively low level of inflation compared to other cryptocurrencies.

Considering the market sentiment, the Bitcoin Cash price market sentiment is predominantly bullish. This sentiment is consistent with a Fear and Greed Index rating of 68, which indicates the state of greed within the market.

2. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix We introduce a unique staking concept where users earn cloud mining credits by staking BTCMTX tokens. Therefore, it aims to decentralize control and ensure a safe mining experience. The project claims an Annual Percentage Yield (APY) of 103,225%. Additionally, it currently holds over 400,000 BTCMTX tokens in its staking pool.

Despite its infancy, Bitcoin Minetrix has attracted considerable attention and has quickly risen among the top-performing cryptocurrencies. Over $6,800,104 has been raised through pre-sales, which are currently ongoing. BTCMTX Tokens cost $0.0125 each. This amount is equivalent to 70% of the total token supply of 4 billion. Potential investors can acquire these tokens using ETH or USDT.

There are only 3 days left #Bitcoin Metrics Step 16! ⏰
What do you think? #BitcoinWhat is its role in the future of the global economy? pic.twitter.com/r4ZCxaEOVj
— Bitcoin Minetrix (@bitcoinminetrix) December 29, 2023

This surge in traction is a sign of increased investor curiosity about the project’s goals and proposals. The success of the pre-sale reflects the market’s response to Bitcoin Minetrix’s cloud mining credit staking offering.

3. Mine (mine)

The MINA cryptocurrency has seen significant growth recently. It soared 51% on the monthly chart. It has also recorded a remarkable increase of 152% over the past year. In particular, the price has risen significantly over the past two months, rising from $0.39 to $1.2.

MINA price chart

Over the past week, Mina has experienced a price surge from $0.74 to a high of $1.27, recording impressive short-term gains. Average volume remained at $109,711,753, suggesting notable market activity.

Mina’s Community Management Innovation Fund is back to support more ZK developers and entrepreneurs ⚡
Cohort 3 launches today and is eligible for a grant of 2 million MINA!
More details ↓https://t.co/TspXpu6V4o
— Mina Protocol 🪶 (@MinaProtocol) December 22, 2023

Evan Shapiro, Advisor and Board Chair of the Mina Foundation, shared the news of the Foundation’s move to Switzerland. Additionally, Kurt Hemecker will assume the role of CEO. These strategic moves can contribute to the expansion of the ecosystem, stimulate new developments, and have a positive impact on coin prices.

The move to Switzerland could signal intentions for broader ecosystem growth and innovation, and new leadership could potentially drive further developments within the project.

4. eCash (XEC)

Recent market activity surrounding XEC (eCash) indicates a potential upward trend in the near term. A notable surge of 23% in the last trading session suggests optimistic sentiments among buyers and an attempt is evident to maintain this momentum.

XEC price chart (1)

Observations show that the eCash cryptocurrency is showing significant strength, signaling an attempt to break the six-month high. However, the confirmation of breakthrough is being delayed due to resistance within the supply area.

Additionally, there are signs that XEC purchases have increased, which is having a positive impact on the price. This surge in trading volume suggests greater investor participation and signals bullish sentiment among potentially influential holders.

Cashtab wallet has been upgraded with a stylish UI! 🎨✅
Now equipped with a dedicated eToken tab, the Cashtab wallet allows users to easily manage their eToken assets! 👌
Try it now 👉 https://t.co/hZxzye4g9M https://t.co/MygEHv1yDT pic.twitter.com/HKOuQKlWo1
— eCash (@eCashOfficial) December 30, 2023

In recent months, XEC has shown a consolidation phase, suggesting a period of accumulation. This phase has ended, potentially paving the way for a trending move. A clear break above the six-month high could begin the next phase of the rally.

5. Optimism (OP)

Optimism, a major player in the layer 2 sector, is currently taking an optimistic stance in its price predictions. This prediction comes with fear and greed indices, with a greed score of 68.

Over the past year, Optimism’s price has increased by 310%. This growth surpasses 87% of the top 100 cryptocurrency assets. In particular, the asset is currently trading above the 200-day simple moving average, showing the stability of the trend.

in the price chart

Over the past 30 days, Optimism has seen positive traction with 17 green days, or 57% of the observation period. Moreover, the market capitalization suggests a good level of liquidity.

6. AXL

Frax Finance recently announced plans to expand its ecosystem through the Axelar Network. These moves include issuing key ecosystem assets such as FRAX and frxETH stablecoins on various DeFi platforms. The goal is to broaden the accessibility of Frax Finance assets and strengthen its presence within the DeFi landscape.

AXL price chart

Additionally, this strategic expansion through Axelar Network reflects the continued evolution of the DeFi industry. This represents a trend toward bridging the gap between various ecosystems as blockchain technology matures. Frax Finance’s approach can serve as a model for other DeFi companies looking to expand their influence in a highly competitive market.

Blockchain Analyst @MessariCrypto We recently published a comprehensive overview of the Axelar network. The full report explores Axelar adoption by market leaders and analyzes the new AXL token economics.
🧵 👇For the TLDR! pic.twitter.com/50dHROjhwR
— Axelar Network (@axelarnetwork) December 19, 2023

Currently, the sentiment around Axelar’s price prediction is bullish, with the Fear and Greed Index showing a level of 68 (greed). Moreover, it is trading above the 200-day simple moving average. There have been 18 positive price movements in the past 30 days, accounting for 60% of the period.

7. Internet Computer (ICP)

The price of Internet computers has been on the rise, soaring about 151% over the past year. This growth outperforms nearly two-thirds of the top 100 cryptocurrencies and demonstrates commendable performance in the market.

Trading above its 200-day simple moving average, ICP has shown consistency and strength in its price action. This movement is further highlighted by 20 positive trading days out of the last 30 days, representing a positive trend of 67%.

ICP price chart

Additionally, ICP boasts a circulating supply of 454.17 million ICP, out of the maximum supply of 488.51 million ICP. Likewise, the annual inflation rate was 65.61%, generating 179.93 million ICP in the past year.

Moreover, the current sentiment towards ICP appears to be optimistic, which is consistent with the Greed reading of 68 on the Fear and Greed Index. Considering these possible scenarios, experts predict an average transaction price of $16.13 by the end of 2024. However, this may vary depending on market developments and the regulatory environment.