Best Cryptocurrencies to Invest in Right Now April 17 – Mantle, Akash Network, Bitget Token

By Inside Bitcoins
about 1 month ago
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Explore the best cryptocurrencies to invest in right now. Find promising projects with strong fundamentals and potential for growth in the cryptocurrency market.

Similar to past cycles, the cryptocurrency market is in a consolidation phase, with the Bitcoin halving set in two days. As a result, the overall market capitalization and trading volume have decreased as investors HODL their investments in the interim. 

Nonetheless, this dip presents a window to capitalize on select altcoins for the impending bull run post-halving. Such assets display market potentials and trends, positioning them for significant returns.

Best Cryptocurrencies to Invest in Right Now

Mantle Network has partnered with Fingerlabs, aiming to revolutionize the content distribution landscape, particularly in K-Culture content, and broaden its reach into international markets. Additionally, 99Bitcoins has launched one of the most remarkable crypto airdrops, offering participants the opportunity to receive $99,000 worth of BTC throughout the campaign. Also, the price of AKT has surged by an impressive 1,037% over the past year.

1. Mantle (MNT)

Mantle boasts a substantial on-chain treasury of $3.8 billion, making it one of the largest in the world. Its primary aim is to promote the widespread adoption of decentralized and token-governed technologies. The platform continuously enhances scalability and security by utilizing a modular chain design. 

Additionally, it employs a novel data availability (DA) approach developed in partnership with Ethereum restaking protocol EigenLayer. Recently, Mantle Network expanded its ecosystem by launching an Ether (ETH) liquid staking protocol (LSP) on the Ethereum mainnet. Just three months after its introduction, this protocol has quickly become the fourth largest of its kind globally. In a strategic move, Mantle Network has partnered with Fingerlabs to collaborate on fan-based content distribution. 

MNTPrice Chart

The collaboration between Mantle Network and Fingerlabs is poised to transform the content distribution landscape, particularly in K-Culture content, to expand into international markets. This partnership will leverage Fingerlabs’ Xclusive platform, offering content creators and consumers a new and exciting avenue.

Furthermore, MNT has recently seen a surge in its token price, with a 33% increase in the past month and over 41% in the last week. This upward trend has reignited investors’ optimism about the token’s prospects, particularly considering its consistent rise. Analysts predict that Mantle could potentially reach $2 by the end of 2024, presenting an enticing opportunity for investors to consider.

2. Bitget Token (BGB)

Bitget Token is trading at $1.19, showing a significant increase of 39.09% over the past 30 days. Notably, it trades significantly above its 200-day Simple Moving Average (SMA) by 160.05%, currently at $0.458521, indicating a bullish trend. As measured by the Fear & Greed Index, the market sentiment is 67, suggesting a prevailing greed sentiment among investors.

In the last month, BGB has seen positive trading sessions on 19 out of 30 days, equating to a notable 63% positivity rate. This consistent trend, combined with its high liquidity based on market cap, presents favorable conditions for potential investors. Despite trading near its cycle high, BGB has displayed resilience in the market. 

BGB Price Chart

Furthermore, Bitget Token has witnessed a staggering price increase of 186%, surpassing 80% of the top 100 crypto assets, including Bitcoin and Ethereum. This impressive performance, combined with the expansion of Bitget Exchange’s operations, paints a promising future for BGB. Moreover, Analysts suggest that the next significant target for BGB is projected to be $2.20, indicating potential gains in the near term. 

3. 99Bitcoins (99BTC)

The recent launch of the 99Bitcoins presale has attracted considerable attention within the cryptocurrency community. This project, initiated by 99Bitcoins, aims to incentivize users to learn about blockchain technology and cryptocurrencies by offering rewards in the form of 99BTC tokens.

In just one week, the “Learn-to-Earn” presale campaign has raised over $421,000, indicating significant interest from investors, including large-scale investors commonly called “whales.” According to the project’s whitepaper, rather than simply consuming content passively, users can now actively earn crypto rewards by expanding their understanding of blockchain technology.

Furthermore, 99Bitcoins has initiated one of the most notable crypto airdrops. This allows participants to receive $99,000 worth of BTC over the campaign. Moreover, 99Bitcoins is leading the way in integrating with BRC-20, an experimental token standard enabling the direct construction of dApps and digital assets on the Bitcoin network. 

Consequently, when 99BTC is linked to the BRC-20 standard, holders can capitalize on Bitcoin’s security while exploring various new applications. Priced at $0.001 per token, 99BTC presents an entry point for individuals interested in participating in a project focused on crypto education and incentivized learning. 

Visit 99Bitcoins Presale

4. Ondo (ONDO)

Since the beginning of April, Ondo’s price has shown considerable strength, demonstrating support at $0.80 and now aiming for a target of $1.37. This surge represents a substantial increase of over 90% in the past 30 days, indicating heightened market interest and potential investment opportunities.

Furthermore, the token is ranked 73rd, holding a market cap of approximately $1.17 billion, according to CoinMarketCap. With a circulating supply of 1.39 billion ONDO out of a maximum supply of 10.00 billion ONDO, the coin’s liquidity appears robust, supported by its market cap.

ONDO Price Chart

In the last month, Ondo Finance has experienced 17 green days with positive price movements, making up 57% of the total observed period. This consistent upward trend indicates a bullish sentiment among investors. This sentiment is further reflected in the Fear & Greed Index, which currently stands at 67, signaling a state of “Greed” in the market. Moreover, Ondo’s recent performance highlights its growing prominence in the crypto market. 

5. Akash Network (AKT)

Akash Network is leading in cloud computing, shaking up traditional services and ushering in a new era of accessing crucial cloud resources. By harnessing blockchain technology, AKT has developed an open-source, decentralized marketplace for cloud computing. The platform, therefore, promises unmatched speed, efficiency, and cost-effectiveness. 

This innovative approach is poised to reshape how users interact with and utilize cloud services. Furthermore, the price of Akash Network’s native token increased 9.84% intraday, reaching $3.87. However, its trading volume decreased slightly. 

AKT Price Chart

Nonetheless, Akash Network maintains its lead in DePIN, leveraging decentralized networks for applications beyond cryptocurrency. The price of AKT has surged by an impressive 1,037% over the past year, outperforming 95% of the top 100 crypto assets. Currently trading above its 200-day Simple Moving Average (SMA), AKT demonstrates a bullish trend, potentially surpassing the 50-day SMA hurdle, further bolstering its price.

Furthermore, the Relative Strength Index (RSI) indicates growing investor interest, with the potential for increased buying pressure to propel the price even higher. The Fear & Greed Index sits at 67, reflecting a state of “Greed,” suggesting positive sentiment towards Akash Network.

In addition, AKT could gain further popularity in 2024 with listings on additional exchanges. Analysts predict an average price of $8.61 for the Akash Network token, with a maximum potential trading value of $10.64 if current growth trajectories persist. However, these projections hinge on market movements and adoption rates.

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