The Top 5 Altcoins to Buy Today

9Bwh...41KD
11 Feb 2024
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As the market gets closer to an upward trend, altcoins present a fantastic way to profit from the bulls. But choosing the best cryptocurrency for your portfolio requires careful consideration. Therefore, Next Bull community streamlines the process by highlighting a number of altcoins that are performing well and deserve the attention of investors.
Certain coins are garnering attention due to their potential as investments when the market transitions towards a long-term green phase. Notable altcoins include Conflux, Ronin, and Helium. These tokens are attractive investments for portfolios since they have unique qualities and potential upsides in the market.
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1. HNT, or helium
In January, helium is aggressively rising and aiming to hit $8.00. December 2023 saw a bullish period for HNT, fueled by optimism around the approval of spot Bitcoin ETFs. As a result, since early December, HNT’s market value has increased by $800 million.
HNT was trading at $5.6166 on January 3, despite seeing a significant decrease in January along with other altcoins. After that, on January 12, it increased by 32.6% to $7.4518. But on January 22, it fell 18.2% to $6.0899, then on January 29, it rose 30.2% to $7.9302.
Helium price chart
In addition, HNT has had a consistent uptrend in the market, surpassing 82% of the top 100 coins with a 147% surge. Furthermore, it has continuously closed above its 200-day SMA. Moreover, it showed a favourable tendency with 16 green days out of the previous 30.
Helium wants to profit on the anticipated cryptocurrency market bull run in 2024. In a similar vein, spot Bitcoin ETF approvals are predicted to boost HNT’s trading activity in Q2 2024. The price of HNT could rise by 18.0% to $6.4952 as a result of this price hike. Helium has the potential to expand significantly because of its strong fundamentals and passionate crypto community. Partnerships with other networks may also raise HNT’s cost, which might reach $17.56 by 2024.
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2. Conflux (CFX)
Investor interest surged after CFX and BlockBooster announced their alliance recently. Having said that, Conflux is moving forward with an additional big network development. Conflux (CFX) declared on January 30, 2024, that it would establish a Bitcoin L2 area on its network. The Conflux community is excited by this news, just like they were with the previous cooperation.
Furthermore, given the attention that Conflux’s recent price swings have garnered, this news comes at a critical time for the company. CFX increased 4.0% from the beginning of the year at $0.193 to $0.2008 by January 17. But on January 25, there was a 6.5% decline to $0.1876, which came after this increase. However, by January 29, it had recovered 25.2% to $0.2363.
conflux price chart
By allowing the collection of petrol fees in Bitcoin, Conflux’s Bitcoin L2 Space seeks to transform the network. Thus, this action will increase trading activity for CFX and demand for Conflux’s services. Analysts therefore project that CFX’s value might rise by 44.0% to $0.3403, catapulting the cryptocurrency to the top of the pack.
In contrast, CFX has had a price growth of 212% year to date, surpassing 88% of the top 100 coins. In addition, the currency has 16/30 green days and is above a 200-day simple moving average, both of which indicate a good trend. Its position in the cryptocurrency market is further strengthened by its strong liquidity, as measured by market capitalization.
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3. The Huobi Token (HT)
Despite the market’s prognosis, Huobi Token is showing encouraging signals. After rising 6.01% during the day, HT closed at $2.97, up from its most recent low of $3.19. Investors are also optimistic about HT. Furthermore, the Fear & Greed index is above a 200-day simple moving average at 60.
Moving on to its performance in the market, Huobi Token is ranked 11th in the Exchange Tokens industry. Furthermore, based on market capitalization, it ranks 47th in the Layer 1 sector and 31st in Ethereum (ERC20) Tokens. As a result, HT keeps proving its durability in the industry.
HT price chart
The 14-day Relative Strength Index (RSI), calculated by analysing major indicators, is 59.47. Thus, this suggests a neutral position and possible short-term sideways movement. Furthermore, in the past 30 trading days, HT has seen 16 green days, or 53% favourable trading days. Furthermore, the 30-day volatility of Huobi Token is 11%, which is still rather low.
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4. The TukTuk (eTukTuk)
The eTukTuk project has the potential to significantly alter the transport infrastructure of underdeveloped countries. eTukTuk is actively working to transform how people travel in these areas by providing blockchain technology, integrating electric vehicles and charging stations, and more.
Furthermore, by offering reasonably priced transport options, the $TUK token, which powers the eTukTuk ecosystem, has sparked a revolution in emerging economies. Within the ecosystem, it actively functions as a payment and incentive currency, streamlining transactions and incentivizing involvement.
The market is becoming interested in eTukTuk as the $TUK token presale is going on right now. Of the $844,058 that was raised, $808,298.39 has been raised. Early investors can purchase $TUK tokens at a discounted cost during the presale period, when each token is priced at $0.02625.
Additionally, investors that take part in the presale can choose to purchase and stake $TUK tokens, with the possibility of receiving rewards of up to 273% annually. Long-term project investment is actively encouraged by this buy-and-stake arrangement. In order to profit from $TUK tokens’ potential future growth, public investors can prolong the presale and purchase tokens before they are formally launched on exchanges.
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5. Ronin (RON)

Recent analysis indicates a strong uptrend in the Ronin crypto since late November 2023, with its price skyrocketing from $0.8000 to over $3.000. This surge forms an ascending wedge pattern, suggesting a potential continuation of the upward momentum. After bouncing off support levels around $0.8000 and $1.7500, Ronin has shown notable bullishness. As such, it has broken through resistance levels, indicating the possibility of achieving new highs.
Technical indicators such as the Supertrend and major 20 and 50-day EMAs highlight buyer strength, further supporting the bullish outlook. Additionally, the MACD and RSI show positive signs. On the daily chart, Ronin consistently displays bullish signals, with significant growth over the past week, month, and quarter.
Ronin price chart
Furthermore, if demand remains strong, Ronin’s price could continue to rise towards $5.00, with resistance at $3.5000. However, failure to maintain above $2.5000 could lead to further declines. Ronin’s current price movement and technical indicators suggest an active bullish trend. In addition, it projects the potential for further gains as it demonstrates strength in the market.
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