Top Picks for Immediate Altcoin Investment: NEAR Protocol, ORDI, Injective (As of April 6)
In the approaching Bitcoin Halving, fluctuating market performance is indicative of the event. Historically, this period can be characterized by a decrease in market capitalization and trading volume. Sophisticated investors, however, view this dip as an opportunity to seek out promising altcoins. As the Altcoin season is anticipated following the Bitcoin Halving, InsideBitcoins offers valuable insights into potential investments.
Following is a list of five altcoins deemed worthy of investor consideration:
1. NEAR Protocol (NEAR)
NEAR Protocol has experienced a minor dip in price movement, with a 8% decrease over the past week. However, a broader perspective reveals impressive growth. Month-to-date, NEAR has climbed over 50% while hitting more than a 500% increase in the past six months. Currently, NEAR is hovering between $6.74 and $7.98, trading at $7.09 in the last intraday session. With an impressive 254% surge on a Year-to-Date (YTD) basis, NEAR's upward trend is notable. Furthermore, it trades above its 200-day simple moving average, indicating positive momentum.
2. ORDI (ORDI)
Institutional investors have taken notice of ORDI due to its potential for strong growth. Coinbase International Exchange announced on April 5 that it would list perpetual futures products for ORDI and Worldcoin on April 11, offering diversified investment opportunities for institutional players. In the last intraday session, ORDI surged 9.65% to $64.99. Trading near a cycle high of $66.70, the coin trades 383.02% above the 200-day Simple Moving Average (SMA) of $13.55, signifying a robust bullish trend.
3. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix, a cloud mining project, aims to combat challenges within the sector through its innovative Stake-to-Mine mechanism. Utilizing Ethereum smart contracts, it enables users to stake, burn tokens, and mine hash power, thus tackling the sector's issues of scams and unreliability. The project has managed to secure over $12.9 million in its current presale phase.
Investors seeking a dependable and innovative cloud mining approach are attracted to Bitcoin Minetrix, with its impressive fundraising and rewards structure.
4. Injective (INJ)
Injective recently launched its latest upgrade, the Injective Bridge Ionic, aiming to enhance functionality and user experience within the Decentralized Finance (DeFi) space. This upgrade significantly improves interoperability within the crypto sphere.
Since the announcement, INJ market performance has been favorable, with an increase to $34.72, reflecting a 10.10% gain over the past 24 hours.
5. Theta Network (THETA)
Theta Token has been on an uptrend, making it an appealing altcoin investment. In the last intraday session, THETA printed a 5.88% increase, with its price standing at $2.67. The token is positioned 100.79% above the 200-day SMA, suggesting its potential for further growth. Recent market trends provide compelling evidence for a turnaround for Theta Token, with predictions of a potential golden crossover on the weekly chart, implying a long-term trend reversal.
In the context of the Bitcoin Halving, the wider cryptocurrency market is expected to experience increased speculation and volatility that might influence altcoins. However, specific forecasts for ORDI, Bitcoin Minetrix, Injective, and Theta Network have not been provided.
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[1] Source: CoinMarketCap [2] Source: WalletInvestor [3] Source: Longforecast
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Here are the sentences containing the required words:1. Sophisticated investors, however, view the dip in market capitalization and trading volume following the Bitcoin Halving as an opportunity to seek out promising altcoins like NEAR Protocol (NEAR), ORDI, Bitcoin Minetrix (BTCMTX), Injective, and Theta Network.2. As the Altcoin season is anticipated following the Bitcoin Halving, InsideBitcoins offers valuable insights into potential investments such as NEAR Protocol, ORDI, Bitcoin Minetrix, Injective, and Theta Network.
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