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Every day we review a few of our picks: Best Cryptocurrencies to Buy NowBased on the latest market trends, blockchain news and trend narratives.
Several alternative cryptocurrencies have withstood price fluctuations and are worth exploring. This article presents some of these alternatives and highlights the upward trends in the market and the factors driving their success.
Best Cryptocurrencies to Buy Now
Altcoins like Dechat, Manta Network, and Avalanche have shown impressive growth and exciting developments, making them attractive investment choices for those looking to ride the current market wave. Investors are attracted to these tokens because of the potential to earn significant returns during these bull market phases.
1. Artificial Intelligence Scotty (SCOTTY)
Artificial Intelligence Scotty It combines the fun of meme coins with cutting-edge artificial intelligence technology. A recent pre-sale attracted significant interest, raising over $8 million and selling out early, indicating strong investor demand. The project aims to go beyond the typical meme coin label and provide users with the essential information they need to make informed decisions on the blockchain.
🔥Dictionary Update!🔥
ScottyTheAi #1 #memecoin (including AI utility) 2024$Scotty Raised $8.1 million
🎉 This was raised much faster than expected due to high demand from the cryptocurrency community who wanted to join ScottyTheAi.
Well, we’re ending the pre-sale early and heading to our next destination… pic.twitter.com/oC35y51Xdv
— Scotty The Ai (@ScottyThe_Ai) March 12, 2024
Investors who missed out on the pre-sale still have the opportunity to acquire SCOTTY tokens at the launch price from 9AM GMT on March 11, before the SCOTTY tokens are listed on exchanges. This presents a potential opportunity for early investors as high demand during the pre-sale period suggests a possible price increase upon listing on the exchange.
The Scotty AI team plans to launch the SCOTTY token on multiple centralized exchanges, including at least two top-tier platforms, with further details to be announced prior to launch. Despite the end of the pre-sale, we have decided to sell the remaining tokens at the launch price instead of discount benefits.
Daily transaction volume exceeds $1 million, community interest is high, Scotty It has shown notable traction in the cryptocurrency market. The project aims to revolutionize blockchain technology through advanced AI solutions, providing users with valuable insights for market exploration.
Visit Scotty AI Presale
2. Solana (SUN)
Solana has recently experienced a surge in value. This is partly due to increased decentralized finance (DeFi) trading activity. This may also be due to the increased popularity of meme coins built on the Solana blockchain.
As a result, SOL has solidified its position among the top 10 altcoins. The total value locked (TVL) in Solana’s DeFi protocols surpassed $3.2 billion, doubling in just one month, signaling a positive outlook for Solana’s future.
The token’s growth highlights its potential as one of the best alternative cryptocurrencies in 2024. Solana has expanded its ecosystem through collaboration with various platforms. This has contributed to increased popularity and adoption.
Additionally, the token is currently trading at $149.11, up 1.20% over the last 24 hours. Additionally, its price surged 681% last year, outperforming 92% of the top 100 cryptocurrencies. Additionally, it is continuously trading above the 200-day simple moving average and is showing positive performance compared to the token sale price.
Want to build it? @FluxbeamDEX Solana is hosting a hackathon dedicated to new use cases through token scaling! 💻🙌
Drive the next generation of web3 innovation and compete for 25,000 prizes.
Get involved: https://t.co/AGH5DWsW9E pic.twitter.com/9WwJc7HqkJ
— Solana (@solana) March 7, 2024
In the last 30 days, Solana has been on the rise for 16 days, indicating strong market activity. Market sentiment for SOL is bullish, with a Fear and Greed Index of 81, indicating extreme greed. Additionally, Solana’s recent performance shows that it is becoming increasingly prominent in the cryptocurrency market due to increased DeFi trading activity and ecosystem expansion. Despite market fluctuations, Solana continues to show strong growth potential, positioning it well among alternative cryptocurrencies in 2024.
3. Manta Network (MANTA)
Manta Network (MANTA) is a modern, modular ecosystem designed for web3 applications. It has attracted attention among developers who want to build Solidity-based decentralized apps (dApps). Manta’s technology allows developers to achieve faster transaction speeds than traditional blockchains.
You also benefit from lower gas rates than second layer solutions. This combination makes MANTA a notable option in the layer 2 cryptocurrency market. The network’s appeal is evident in its Total Value Locked (TVL), which establishes MANTA as a significant investment option.
Manta Network recently partnered with Cobo to add an additional layer of security for MANTA stakeholders. This partnership ensures secure storage and staking of MANTA tokens for users to access Cobo Argus. This on-chain digital asset management platform improves risk management and user experience. The integration will allow Manta Atlantic node validators to securely stake their MANTA tokens through Cobo’s robust security infrastructure.
🔱Announcing our partnership @Cobo_Global!
Enhance your DeFi strategy with Cobo, providing best-in-class custody solutions and institutional-grade security. $MANTA Striker. https://t.co/EgZzj7Q3xH
— Manta Network(🔱,🔱) #MantaNewParadigm(@MantaNetwork) March 10, 2024
Additionally, according to the latest performance indicators, the current price is $3.63, up slightly by 0.91% over the last 24 hours. This suggests positive sentiment among investors. Additionally, MANTA ranks 116th on CoinMarketCap with a market capitalization of $925 million.
MANTA has experienced significant growth of over 62% over the past year. Additionally, the token has shown positive performance compared to its token sale price. It has seen 17 green days in the last 30 days, indicating investor confidence and continued momentum for the project.
4. Avalanche (AVAX)
The cryptocurrency market has been witnessing significant changes recently. AI and meme coins are leading the way, while gaming tokens are gaining traction. Avalanche stands out for its focus on gaming adoption. In particular, game studios such as Blitz, Off The Grid and Shrapnel are actively developing on the Avalanche network.
Recently, Avalanche made headlines by announcing the release of MapleStory Universe. This is a popular blockchain game that is scheduled to debut on one of the subnets. This announcement caused considerable excitement and the price of AVAX reached $50. The token’s current value is $50.22, up 4.59% intraday.
From pioneering free-to-play to leading blockchain game: MapleStory continues to evolve!
Maple Story, one of the most legendary games from Korea’s largest game studio Nexon, is now coming to Avalanche. @MaplestoryU On the subnet.
MapleStory was one of the first games. pic.twitter.com/Ohv6XGp6wh
— Avalanche 🔺 (@avax) March 11, 2024
Last year, AVAX showed impressive growth. The price rose 219%, outperforming 64% of the top 100 cryptocurrency assets. The coin maintained positive performance compared to its initial token sale price. It is currently trading near its cycle high. Additionally, AVAX boasts high liquidity based on market capitalization.
Additionally, the bullish sentiment prevalent in the cryptocurrency market, combined with the expanding use cases of the Avalanche network, could potentially give AVAX the momentum it needs to achieve higher valuations.
5. DECHAT
Dechat is a new cryptocurrency that has performed impressively since its debut and is a notable addition to cryptocurrencies. The token experienced a significant price surge of almost 100%. This is despite the fact that it is not listed on any major centralized exchange platform.
Prices are up about 104% this week. The project’s focus on blockchain-based communication technologies highlights the importance of decentralized interaction between web3 users.
According to the white paper, Dechat functions as a Web3 communication protocol and aims to facilitate decentralized communication across Web3 environments. The platform also announced the introduction of AI-NFT data mining, which coincided with another all-time high price of $8.
🚀 #DChat Breaking news! 🚀
DeChat soars to new heights, hitting an all-time high of $4.3!
📈 We are at the forefront of driving the future of AI SocialFi.
Join us as we continue to innovate and redefine the digital landscape. The journey has just begun! 🌐 pic.twitter.com/2ldxEHgEAa
— Dechat (@dechat_io) March 11, 2024
As of this writing, the token price has reached $3.83. The bullish momentum continues towards higher highs. Investors should monitor the token’s performance and consider adding it to their watchlist. However, caution is advised as there is a potential for significant price drops.
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