May 18 6 Best Altcoins to Invest in Now – Internet Computer, Maker, Bonk

adminMay 19, 2024

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Stakeholders are starting to pay more attention to interoperability and security. Real Asset Tokenization. Despite the bearish sentiment in the market, the value of these altcoins is surging. The goal is to identify the best altcoins for investors to invest in.

As expectations grow for a bull market this year, investors need to know the important altcoins that can benefit from the market. This article outlines altcoins that are gaining popularity in the growing cryptocurrency market. These coins have unique features and the potential to generate huge profits for investors.

6 best altcoins to invest in right now

Maker holders are constructing their portfolios ahead of the proposed partnership transaction. The token shows strong resilience, with a Fear and Greed index of 76. Meanwhile, Bonk’s impressive 9% surge in seven days signals a clear shift in investor sentiment towards the token.

Additionally, Solana’s recent blockchain venture is also attracting attention. Among them is Mega Dice, a gaming and gambling token that has been rapidly gaining popularity since pre-sales began. Mega Dice has raised over $1 million, indicating significant interest in this new concept.

1. Maker (MKR)

Maker has seen significant growth in recent years, driven by strategic moves by co-founder Rune Christensen. After Christensen exchanged a large amount of Shiba Inu and Lido DAO tokens for MKR, the value of the tokens surged by about 20%. This move attracted attention and strengthened MKR’s market value within the Ethereum ecosystem and the broader market.

Meanwhile, Maker’s current price of $2,852.34 reflects an increase of 5.71% over the last 24 hours and 5.88% over the past week. Moreover, Maker’s price soared 426% compared to the previous year. This performance exceeds 82% of the top 100 cryptocurrency assets.

maker price chart

Sentiment surrounding Maker’s price prediction is currently neutral, with a Fear and Greed Index of 70, indicating investor sentiment towards ‘greed’. Moreover, it is trading well above its 200-day simple moving average (SMA), up 59.83%.

As part of Maker’s endgame plan, the Lockstake engine will be introduced as a future initiative designed to significantly encourage active participation in governance following the launch of NewGovToken.
The Lockstake engine allows NewGovToken and MKR holders to lock… pic.twitter.com/I44nsPnK2d
— Maker (@MakerDAO) May 17, 2024

Additionally, analysts are optimistic about the future of the token if it establishes strategic partnerships with other projects. According to forecasts, the maximum price of MKR could exceed $5,219.23, and the average price by the end of 2024 could be around $4,654.96.

2. Internet Computer (ICP)

Internet Computer has attracted considerable attention within the cryptocurrency community due to its unique approach to decentralization. Despite recent market difficulties, the token has shown positive trends, with its value increasing by 4.07% over the past day and recording a 12.69% gain over the week.

In 6 months, ICP showed remarkable growth, with a value increase of 172.78%. The 14-day relative strength index (RSI) is 35.67, indicating neutral market sentiment and the possibility of sideways trading in the near term. Technically, ICP is going through a correction phase after its recent uptrend.

internet computer price chart

Moreover, a break above the immediate resistance of $14.84 could signal a return to bullish momentum. ICP is trading 4.61% above its 200-day simple moving average (SMA) of $11.52.

Imagine this.
A world where developers can write smart contracts across multiple chains, multi-chain Dapp development is simple, and users can enjoy an enhanced experience.
This is Chain Fusion.
Don’t miss Dieter Sommer’s Chain Fusion masterclass👇 https://t.co/0tLRENlbs9
– DFINITY(@dfinity) May 17, 2024

ICP has shown positive performance relative to the token sale price and boasts high liquidity based on market capitalization. Analysts expect ICP to rise further this year. The expected average price is approximately $26.02, with a potential maximum price of $30.17 if the current growth trajectory continues.

3. Tron (TRX)

TRX remains at $0.1180 and is currently showing an upward trend. The strong performance above $0.120 caught the attention of investors. TRX is expected to reach $0.1250 soon. If it breaks the resistance line, it could take the upward trend to $0.1275 or even $0.1320.

Additionally, the token focuses on entertainment in the decentralized web space. Over the past year, its value has risen 81%, showing more interest. The total value locked in TRON has also steadily increased, making it more useful for DeFi.

Tron price chart

Over the past month, TRX has risen more than 13.6% from $0.12 to its current value. The all-time high is $0.23. Recently, the cryptocurrency market has been highly volatile, with Tron’s performance standing out.

.@googlecloud Joined as a TRON Super Representative candidate! 😍
With the integration of BigQuery, we are pushing the boundaries of blockchain innovation and driving mainstream adoption.#tronicslet’s continue #building! 💪 pic.twitter.com/0Ejc27D4zP
— Tron Dao (@trondao) May 18, 2024

Moreover, TRX has surged past the $0.1220 resistance level and is keeping pace with Bitcoin’s progress. Analysts are hopeful that TRX can exceed $0.1270. TRX’s current value is $0.1245 and it ranks 13th with a market capitalization of $11 billion. It is competing closely with Solana, showing it has the potential to grow 5x and become the best cryptocurrency investment.

4. Mega DICE

mega dice, the established casino aims to transform GameFi. These tokens play an important role in Mega Dice’s gamification plans by rewarding current users and attracting new users. Surprisingly, Mega Dice plans to become a pioneer in crypto casinos and offer daily rewards based on platform performance.

Solana’s latest blockchain venture is gaining attention. Among them is Mega Dice (DICE), a gaming and gambling token that has been rapidly gaining popularity since pre-sales began. Mega Dice has raised over $1 million, indicating significant interest in this new concept.

Mega Dice pre-sales have been remarkably successful so far. The project has achieved significant funding milestones, demonstrating strong demand for its tokens. Due to its accessibility and limited availability, people are eager to acquire $DICE tokens.

Currently, the price of each $DICE token is $0.075. Those interested can connect their wallets and exchange SOL, ETH or BNB for $DICE tokens. Mega Dice has sold 16,365,288 worth of $DICE to date.

Meanwhile, they allocated 15% to player airdrops, 15% to liquidity pools, and 15% to the casino’s $DICE pool. Another 10% will be used as rewards for token stakers and the remaining 10% will be allocated to marketing and other contracts.

mega dice Ensure pre-sales are included. After the pre-sale, they aim to list the $DICE token on a decentralized exchange (DEX) to potentially increase its popularity.

Visit MegaDice Presale

5. JTO

The Jito team announced the development of the “Eigen Layer of Solana” project. This project aims to replicate the success of the Eigen project’s layered solution. If the Jito team can successfully launch the project, it could generate similar excitement and interest, which would cause the token price to rise like crazy.

Meanwhile, last week the token recently emerged as the top DeFi protocol on the Solana network. The week ended with total traded volume (TVL) of $1.04 billion. This significant rise caused a significant explosion in the price of the Jito token, rising 8.5% for the week.

jito price chart

Despite this, reclamation protocols have not yet gained notable attention. Additionally, Jito’s recent airdrop does not have a significant impact on its short-term performance. Over the past 30 days, Jito’s token has seen positive price movements for 19 days, reflecting its strong momentum and appeal.

1/ Join the mixer co-hosted in Seoul @Solana, @bonk_inu, @PythNetwork, @orca_so, @solflare_walletAnd more.
We can discuss Jito’s future in APAC and chat later. 🍸🤝
Reply: https://t.co/dGqdqCQxDc
— Jito (@jito_sol) May 16, 2024

The token is trading at $4.69, up 17.89% over the past 7 days and up 2% over 24 hours. Market sentiment on Jito’s price prediction remains bullish and is consistent with its Fear and Greed Index score of 68 (Greed). Additionally, the token boasts high liquidity, as evidenced by its market capitalization.

6. BONK

BONK continues to show strength despite the bear market. Backed by a Fear & Greed Score of 70 (Greed). The token has also recorded 26 positive trading days out of the last 30 days.

These positive indicators reflect investor optimism. Technical analysis indicates potential for further growth. In particular, it is performing better than major cryptocurrencies such as Bitcoin or Ethereum.

Bonk price chart

Bonk’s 130% price explosion demonstrates a notable recent shift in investor sentiment towards high-risk assets. This outstanding performance, outperforming meme coins such as Dogwifhat and Shiba Inu, indicates growing confidence among investors in the meme sector.

You see dogs everywhere you go https://t.co/iyVjEtHmgQ
— Bonk!!! (@bonk_inu) May 18, 2024

Based on the latest trading data, Bonk’s price is $0.00002481 and has experienced an impressive uptrend of over 3.36% in the last 24 hours. This contributes to the overall positive trend in the market and highlights Bonk’s recent momentum, with impressive gains of 77.49% and 5712% over the past 30 days and 1 year, respectively.