Blockchain

5 Best Altcoins to Invest in Right Now March 20 – Stacks, AIOZ Network, The Sandbox

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Investors are in HODL mode, with the overall greed score reducing from a high of 96 to 75. This outlook means investors anticipate the impending Bitcoin Halving to cause a bull run. With this in mind, Altcoins are gaining traction as an attractive investment option for those seeking diverse entry points.

Nevertheless, choosing the right altcoin requires diligent effort and thorough research. This article simplifies this process by highlighting several noteworthy altcoins deserving of investment consideration.

5 Best Altcoins to Invest in Right Now

Bitcoin has dipped to around $63,000, marking its third consecutive day of red candlesticks. In contrast,  Stacks, AIOZ Network, and the Sandbox are gaining attention as promising options for investors as the alt-season approaches. This resurgence in confidence among investors in altcoins prompts them to reassess and adjust their portfolios actively.

1. AIOZ Network (AIOZ)

With the ongoing AI boom, development in this industry is rising as major players are vying for limited computing resources crucial for AI computation. This intensified competition has resulted in soaring AI development costs, making it increasingly difficult for entities to engage in effective AI training.

Regrettably, small players face a looming threat as attention shifts towards AI inference, amplifying their challenges. However, the horizon aims to level the playing field for smaller entities. The AIOZ #DePIN, empowered by a vast network of over 74,000 global edge nodes, democratizes access to the essential computing resources needed for AI computation. Notably, it presents a viable solution for small entities seeking AI inference.

Moreover, the impending launch of AIOZ Node V3 marks a significant leap forward. This innovative node enables seamless collaboration among nodes within the AIOZ DePIN, pooling their resources to execute diverse AI computation tasks effortlessly. Powering the AIOZ Web3 AI (W3AI) service, Node V3 seeks to transform the AI inference market.

Meanwhile, AIOZ Network’s outlook is mixed, decreasing marginally to $0.862178. Despite this decrease, investor sentiment remains bullish, as the coin transaction is healthy. Notably, the AIOZ Network’s positive performance includes a remarkable price surge of 2,665% over the past year.

Outperforming 96% of the top 100 crypto assets, AIOZ surpasses the performance of stalwarts like Bitcoin and Ethereum. It trades above its 200-day simple moving average, reflecting positive market sentiment compared to its token sale price. These developments underscore the potential of the AIOZ Network as a promising investment opportunity in the upcoming bull.

2. Bitget Token (BGB)

Since its launch, Bitget Token’s steady rise has captured significant market attention as a payment platform. The coin’s value is $0.895267, reflecting a modest 1.04% increase in the past 24 hours.

Moreover, the market outlook, including current sentiment, favors Bitget Token. Equally, the Fear & Greed Index reading of 74 indicates a growing interest in the coin. Over the past year, BGB has impressively surged by 131%, bettering the performance of 66% of the top 100 coins, including Bitcoin and Ethereum.

BGB Price Chart

Furthermore, the technical analysis further bolsters its position, with Bitget Token comfortably trading above its 200-day SMA, currently at $0.458521. Moreover, its liquidity remains robust, backed by a substantial market capitalization.

Bitget Token’s prospects appear promising, especially with potential collaborations. If the project unveils partnerships with other networks, it could propel BGB’s price to exceed $1.36 by 2024. Meanwhile, a bull run could push BGB’s average price to around $1.23 by the same year.

Nevertheless, in a bear market in 2024, Bitget Token’s value could plummet to as low as $1.15. Bitget Token demonstrates robust fundamentals and enjoys strong community support, positioning it favorably for future growth. While potential collaborations could further propel its trajectory, investors should note market fluctuations and associated risks.

3. The Sandbox (SAND)

Sandbox aims to bring a new approach to the virtual world by integrating DAO, Metaverse, and NFTs. It allows users to be creative by enabling them to create, build, buy, and sell digital assets within a virtual gaming environment. This innovative approach creates a vibrant ecosystem and paves the way for a novel ‘play-to-earn’ model. Users can monetize their gaming experiences. 

With a limited token supply and growing community support, SAND has secured listings on major exchanges such as Binance and Coinbase. Furthermore, SAND’s market performance looks set to sustain an upward trend with a 0.83% rally, placing the price at 0.60652. This is indicative of growing investor interest and market sentiment. 

SAND Price Chart

Meanwhile, SAND is 42.30% above its  200-day simple moving average, demonstrating positive performance compared to its token sale price. Moreover, it has seen 15/ 30 green days, showcasing stability in market volatility. High liquidity, evidenced by its market cap, further enhances SAND’s appeal to investors seeking exposure to the burgeoning metaverse sector.

In light of these developments, the sentiment surrounding the Sandbox project remains bullish. The Fear & Greed Index stands at 74, indicating prevailing optimism among market participants. As the project continues to innovate and expand its offerings, SAND seeks to capitalize on the growing mainstream adoption of blockchain technology in gaming.

4. eTukTuk (TUK)

eTukTuk’s focus on transportation draws significant investor interest in its presale, with experts projecting further adoption. The project is backed by blockchain technology and seeks to transform the use of traditional tuk-tuks and their environmental impact.

Moreover, the project’s white paper highlights the need for sustainable alternatives to combat the detrimental effects of internal combustion engine (ICE) tuk-tuks prevalent in developing nations. With a focus on addressing environmental concerns, eTukTuk extends its vision beyond just tuk-tuks to encompass other two—and three-wheeler vehicles.

Meanwhile, eTukTuk’s presale has garnered significant attention, raising $2.3 million. Currently priced at $0.0285 per $TUK token, investors are eyeing a potential surge in value as the presale transitions into its next phase in 4 days. 

This presents an opportune moment for investors to capitalize on the current token price and APY of 110% before any potential price adjustments. With its commitment to sustainability and the promising reception of its presale, eTukTuk is a compelling option for investors looking to align their portfolios.

Visit eTukuk Presale

5. Stacks (STX)

The recent Nakamoto upgrade approval for the Stacks has sparked significant interest among crypto investors. This upgrade, endorsed by the Stacks Foundation, garnered unanimous approval from STX holders and overwhelming support from non-stackers. According to the project’s white paper, this upgrade promises several improvements for the network.

These improvements include faster block times, assured finality for Bitcoin transactions, and reduced forking risks. It also includes decreased maximum extractable value (MEV) associated with Bitcoin transactions. 

STX Price Chart

Additionally, the upgrade will introduce sBTC, a trust-minimized iteration of Bitcoin tailored for the Stacks ecosystem, aiming to enhance the DeFi experience on the platform. Moreover, the Stacks Foundation has encouraged community involvement in the testnet to foster development and gather crucial feedback for the mainnet’s success. 

Consequently, STX price surged by over 13% following the approval, with a 12.10% increase in the last 24 hours. The sentiment towards Stacks price prediction is currently bullish, complemented by a Fear & Greed Index reading of 74, indicating a sentiment of greed among investors.

Last year, STX saw a remarkable price increase of 175% and outperformed 73% of the top 100 crypto assets. It trades above the 200-day simple moving average, with 16 green days in the last 30 days, signaling positive momentum. Moreover, STX boasts high liquidity based on its market capitalization, further enhancing its appeal to investors.

The Nakamoto upgrade approval and the subsequent surge in STX price underscore the growing confidence and interest in the Stacks ecosystem. With anticipated improvements and innovations, Stacks aims to establish itself as the best token to invest in the crypto market.

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