Blockchain

6 Best Altcoins to Invest in Right Now February 22 – SingularityNET, OKB, The Graph

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The AI and gaming market is growing, coupled with the Bitcoin halving drawing close. The intersection of this positive news in the crypto space propels the traction of altcoins. Moreover, experts project that these positive events will positively impact prices and market sentiment, causing a bull run.

Given this, altcoins offer an attractive option for traders looking to update their portfolios, providing them with opportunities to diversify their investments. This article presents a curated list of top-performing altcoins that merit consideration for investment in the current market.

6 Best Altcoins to Invest in Right Now

Bitcoin has surged above the $51,000 mark, leading to a recovery in the crypto market. This resurgence follows Nvidia’s strong earnings, which have injected new life into AI-based tokens. Alongside, altcoins like SingularityNET, OKB, and the Graph garner attention as promising investment options. Following strong performance, these tokens demonstrate significant potential for future market growth.

1. SingularityNET (AGIX)

The AI market is gaining momentum as Open AI recently launched its SORA token. Along this line, investors are of the narrative that coins like SingularityNET’s AGIX will follow a similar route. As such, SingularityNET is slowly stamping its mark as a platform where anyone can buy and sell AI services using AGIX tokens. 

As a result of this growing interest in the AI market, coins like AGIX have experienced surges in the last trading session. SingularityNET has gained to $0.699275, pulling a 33.14% intraday increase. Moreover, market sentiment appears bullish as the Fear/Greed score of 74 means investors are actively transacting AGIX.

Furthermore, this newfound momentum has catapulted AGIX to 6th in the AI Crypto sector by market capitalization, demonstrating substantial growth. Over the past year, it surged by 83%, ranking above 66% of the top 100 crypto assets performance-wise. Notably, the token is trading above the 200-day SMA and has exhibited positive performance compared to its token sale price.

Therefore, SingularityNET’s performance keeps investors hooked with 18/30 days of green candle sticks, reflecting a 60% positive trend. Also, a market dominance of 0.04% further cements SingularityNET’s high liquidity based on its market cap.

2. Manta Network (MANTA)

Manta Network (MANTA) has become a major market player, attracting significant attention since its launch. Teaming up with Ispolink, their partnership aims to integrate Manta into their decentralized infrastructure. In particular, this improves activities like service purchases, earning points, and claiming rewards.

MANTA Price Chart

Currently, the sentiment around Manta Network’s price prediction is positive, with a Greed Index reading of 74 indicating optimism. On a month-to-date outlook, MANTA has had 16 days where the closing price was higher than the opening price. This suggests an upward trend with investors looking to add MANTA to their portfolios. 

Meanwhile, Manta Network is trading near its peak of $3.45, showing good liquidity based on its market cap. Furthermore, Manta Network’s partnerships and community could propel it to further growth. Moreover, if the project announces collaborations with other networks, the MANTA could reach over $4.93 by 2024. In a bullish crypto market, the average price of MANTA is expected to stay around $4.40 by 2024.

3. The Graph (GRT)

With the growing interest in AI tokens, GRT is attracting fresh interest from both analysts and investors. The Graph’s price is Northbound, breaking through the $0.20 threshold with a 40% increase in the past seven days. Based on this upward trend, analysts predict that The Graph will push even higher soon.

GRT Price Chart

Besides, recent data from The Graph crypto chart suggests considerable growth potential. The token’s price has increased from $0.17 to $0.27, marking a substantial jump. Hence, projections based on GRT’s price prediction models hint at a potential value of $0.4051 by the fourth quarter of 2024.

Moreover, market optimism and soaring trading volumes have fueled a notable bull run in The Graph token. This is evidenced by 21 green days in the last 30 days, accounting for 70% of the observed period. Also, analysis of weekly charts suggests a trend reversal in The Graph’s price trajectory, characterized by a sharp rise in trend momentum. On a positive note, GRT’s escalating trading volumes and the overall bullish sentiment in the market support this trend.

4. OKB (OKB)

OKX has just launched the ERC-7579 standard to improve the wallet experience for developers and users. This standard builds upon ERC-6900 to simplify processes and support better. In addition, it complements ERC-4337’s account abstraction capabilities, offering new opportunities in the crypto space. Nonetheless, this development did not largely influence OKB’s general outlook, as it grew by 1.53% in the last 24 hours. 

OKB Price Chart

Plus, the sentiment surrounding OKB’s price prediction is currently neutral. However, the high Greed score of 74 reflects investors’ interest in the coin, with an expected upward trend. Along this line, OKB has consistently traded above its 200-day SMA. Likewise, it has seen 17/30 green days where the closing price bettered its opening price.

Capitalizing on solid fundamentals and a dedicated crypto community, OKB has the potential to reach significant heights. Collaborations with other networks could also push OKB’s price beyond $136.48 by 2024. Similarly, in the event of sustained greens, OKB’s average value is expected to be around $123.57 by the same year.

5. Bitcoin Minetrix (BTCMTX)

Cloud mining is slowly gaining adoption as Bitcoin Minetrix’s presale exceeds expectations. Bitcoin Minetrix introduces a new way to mine Bitcoin safely using tokenized cloud mining. It solves the problem of scams and outdated hardware. Through this approach, Bitcoin Minetrix strives to provide a secure and transparent alternative for individuals interested in Bitcoin (BTC) mining.

Furthermore, the platform addresses the challenge of hardware obsolescence commonly faced by miners. By utilizing cloud mining, individuals are relieved of the burden of upgrading ageing mining hardware, which often poses challenges in resale scenarios.

Moreover, the ongoing Bitcoin Minetrix’s presale has gathered market fanfare. As of the latest update, the presale has raised $11,291,864, with each Bitcoin Minetrix token valued at $0.0136. Currently, 693,756,311 BTCMTX has been staked with an APY of 60%. So, with just three days remaining until the conclusion of Stage 27, investors are presented with a prime opportunity to capitalize on the current token price.

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6. Immutable (IMX)

The crypto gaming sector is gradually witnessing a rise in adoption. Riding on this wave, Immutable is slowly gaining traction among gamers and traders. TapNationGames, a renowned mobile gaming publisher with over 60 million monthly active users, is spearheading this shift by launching two exclusive games, Giant Rush and Parking Jam, on the Immutable platform.

Meanwhile, Immutable’s native token, IMX, has seen significant market adoption. On this note, it surged by 96.94% in the past month, reaching $3.39. At the same time, the current sentiment surrounding IMX is bullish. Equally, the Fear & Greed Index stands at 74; this level of Greed reflects the projection of an impending bull. Trading consistently above the 200-day SMA indicates that IMX is on a long-term positive trend. 

Therefore, market analysts predict further price growth for IMX, especially if ImmutableX announces collaborations with other networks. Hence, the maximum price projection for IMX by 2024 stands at $5.73, driven by potential partnerships and market momentum. However, in the event of a market downturn, the minimum value of IMX could decline to $4.49 in 2024.

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