5 Best Altcoin to Invest in Now

Amidst the extended correction, our in-house analysts have selected 6 promising altcoins, such as Bitget Token, Jito, Injective, and Ankr Network.

On Monday, the cryptocurrency market experienced significant selling pressure, with Bitcoin plummeting by nearly 5% below $60,000. This downward trend extended to the altcoin market, affecting major assets such as Ethereum. As a result, the overall crypto market saw a collective decrease of nearly $1.2 billion in value.

Amidst the extended correction, our in-house analysts have selected 6 promising altcoins, such as Bitget Token, Jito, Injective, and Ankr Network. These cryptocurrencies present an excellent buying opportunity for investors on the sidelines looking to benefit from the market dip.

5 Best Altcoin to Invest in Now

Injective (INJ) holders are strategically adjusting their portfolios in anticipation of an upcoming partnership deal. The token exhibits strong resilience, reflected in a Fear and Greed Index score of 81. Meanwhile, Ankr has experienced a 7% surge over the past seven days, indicating a notable shift in investor sentiment toward the token.

Furthermore, Solana’s recent blockchain initiatives are capturing attention, notably Mega Dice, a gaming and gambling token that has rapidly gained popularity since its presale began. Mega Dice has already raised over $1 million, underscoring substantial interest in this innovative concept.

1. Injective (INJ)

Injective has forged partnerships with Noble and Clusters. Through its collaboration with Noble, Injective gains direct access to USDC issued on the platform, enabling users to seamlessly utilize native USDC across various dApps within the ecosystem, such as HelixApp. Also, integrating with Clustersxyz facilitates a unified identity across Ethereum, Solana, and Injective.

Meanwhile, despite being in its early stages, the token has swiftly garnered attention within the crypto market. The project has successfully attracted numerous DeFi initiatives, bolstering its ecosystem’s foundational infrastructure. Recent successful funding rounds highlight its expanding presence in the DeFi space, underscoring its growing significance.

Moreover, it is ranked 4th in the AI crypto category. The token also has a high liquidity based on its market cap. Also, Injective is trading 266.48% above the 200-day simple moving average. It indicates positive performance compared to its token sale price and trading near its cycle high.

Brand new website just dropped for the Injective Builder House!

The exclusive event will bring together the best developers, institutions and companies in all of Web3 during @EthCCweek.

Register Here: https://t.co/JvUu2Qj58o pic.twitter.com/X3qndZ7wtB

— Injective 🥷 (@injective) June 20, 2024

These developments have sparked enthusiasm around $INJ, driving a 9.01% increase in its value. Currently, Injective is trading at $23.00, with a 24-hour trading volume reaching $163 million. Investors’ sentiment analysis suggests a bullish outlook, indicating the potential for continued upward momentum. As a result, the Greed score has risen to 81, reflecting heightened buying pressure.

2. Ankr Network (ANKR)

Ankr Network is a unique project developed to streamline web3 development. It offers a blockchain-based cross-chain infrastructure facilitating decentralized finance (DeFi) and application (dApp) development. Ankr is also known for its staking protocol, Stkr, which supports ETH staking and provides substantial liquidity for Ethereum 2.0 stakers.

Meanwhile, investors are optimistic about Ankr’s prospects, reflected in a bullish sentiment. This surge in positive sentiment has elevated the Greed score to 81, indicating strong investor and trader confidence. The general market recovery has also seen market participants closely tracking ANKR’s trajectory, buoyed by increasing transaction volumes.

Furthermore, ANKR is presently trading at $0.03197, boasting a market capitalization of $449 million and over $82 million in total value locked (TVL). The current price marks a 7% rise in the last 24 hours and an impressive 5945.3% increase from its all-time low on March 13, 2020.

Web3 is all about decentralized interactions 🌐 and leveraging distributed systems for the benefit of all ✨

Ankr RPC endpoints power these interactions with reliable, high speed, and often free service 🚀

Connect today 🔗https://t.co/lliCbHbzx7

— Ankr (@ankr) June 25, 2024

Moreover, Ankr Network trades 91.69% above the 200-day Simple Moving Average (SMA). These metrics indicate a strong bullish trend. The crypto has also experienced 21 green days out of the last 30. Therefore, the daily close price has consistently surpassed the daily open price.

3. Mega Dice (DICE)