In the ever-expanding world of cryptocurrency investing, altcoins play a key role in diversification and potential returns.


While Bitcoin was the pioneer, altcoins offer unique features and growth opportunities that attract investors with their innovative solutions. From Ethereum’s smart contracts to Solana’s scalability and Retik Finance’s decentralized finance strategies, these altcoins showcase diverse investment avenues.


Additionally, partnering with cryptocurrency development agencies can provide expertise, cost efficiencies, and cutting-edge technology that amplify the advantages of participating in the cryptocurrency market.


The importance of altcoins in cryptocurrency investing


Altcoins play a vital role in the cryptocurrency investment space. While Bitcoin is the most well-known and widely adopted cryptocurrency, altcoins offer investors the opportunity for diversification and potentially higher returns.


Altcoins are alternative cryptocurrencies that emerged after Bitcoin, each with its own unique features, use cases, and growth potential. They often introduce new technologies, innovative concepts, and solutions to specific challenges in the cryptocurrency ecosystem.


By investing in altcoins, individuals can tap into the potential of emerging projects and technologies, aiming to capitalize on their growth and market adoption. Altcoins also provide a way to participate in specific sectors or industries that Bitcoin may not directly target. Therefore, many investors and traders closely monitor the development and performance of altcoins to identify potential investment opportunities and maximize their returns.

There are 3 100x cryptocurrencies you can choose from at this stage.


GateToken (GT)


GateToken has seen bullish market sentiment recently, causing the RSI to rise, with the RSI sitting at 55.36. Meanwhile, its price witnessed a significant 17.14% increase in the last 24 hours, bringing its value to $10.17. Along with this rapid rise, the Fear/Greed score has risen to 80, indicating an increase in trading of the coin.


During this period, GateToken traded at $10.16, showing strong liquidity based on its market cap. Additionally, its annual inflation rate is -10.89%. This deflationary situation suggests that the economy will experience more growth due to scarcity. GateToken’s annual results reflect this growth, with year-to-date growth of 96%.​


Likewise, it has also been trading above the 200-day simple moving average. Notably, its price exceeded its token sale price, confirming its value proposition to investors. Analyzing its recent trends, GateToken experienced 22 Green Days in the last month, marking a positive trajectory. Additionally, in 73% of the past 30 days, the daily closing price exceeded the daily opening price.


Ronin (RON)


Following news of the Coinbase listing, Ronin has steadily risen, with green candlesticks appearing on 17 out of 30 trading days. In the past 7 days alone, Ron has gained 10.40% and is trading at $4.21. However, in the past intraday trade, RON fell by 1.01%, with trading volume decreasing by 5.20% to $56,646,085. However, Ronin's sentiment remains bullish, indicating a rebound.​


According to this forecast, the Fear & Greed Index is 80, reflecting the growing investor confidence as the token continues to trade. Ronin's price has surged 294% in the past year, outperforming 76% of the top 100 crypto assets. In addition, Ronin is positioned above its 200-day moving average of 445.56%, or $0.773416.


Furthermore, the project’s relevance is rising, as evidenced by its collaborations and growing community. Therefore, it is speculated that the coin’s price will exceed $2.42 in 2024. In line with bullish cryptocurrency market trends, Ronin’s average price is expected to hover around $2.19 by the same year. These predictions further solidify its position among the best altcoins to invest in

AGIX


The AI ​​industry has been moving north over the past 24 hours, thanks to significant developments within the industry. The merger news of SingularityNET, Fetch.ai and Ocean Protocol has attracted market attention, which will change the prospects of the field of artificial intelligence. Dubbed the “Artificial Intelligence Super Alliance,” the partnership aims to birth the largest open source, decentralized network and fast-track the development of artificial general intelligence (AGI).

So it’s no surprise that SingularityNET’s native token, AGIX, has been showing green in past intraday trades. News of the partnership generated positive buzz, with the price of AGIX rising 3.27% to $1.37. Additionally, market sentiment remains bullish; investors have pushed the greed score to 80 as trading in the token continues.


SingularityNET has shown extraordinary growth over the past year, with its price surging 207%, outperforming 67% of the top 100 assets. Additionally, it is trading well above the 200-day simple moving average, indicating good momentum. SingularityNET's liquidity remains strong, supported by a Green Day market capitalization of 15/30, reflecting high investor confidence.