The SEC approved 11 spot Bitcoin ETFs in January. It was a pivotal moment in the digital asset’s history. The reason is that it transformed Bitcoin from a niche peer-to-peer payment network to a legitimate financial asset. Moreover, Bitcoin halving in mid-2024 will reduce the rate of new coin generation and and tighten supply. This adds to the cryptocurrency’s value and creates a bullish market sentiment. Yet, BTC might not be the best crypto to buy now.
The positive momentum in Bitcoin is not isolated. It has a broad effect on the entire crypto market. As Bitcoin’s value surges, investors often search for the next altcoin to explode, as the whole crypto market can experience considerable growth. Additionally, the observed positive correlation between the U.S. stock market and the crypto market can hint at crypto hitting an all-time high in the upcoming months.
Therefore, approval of spot bitcoin ETFs, coupled with the upcoming halving and positive U.S. stock market dynamics, positions the crypto market for sustained growth. This presents investors with opportunities to uncover hidden gems and find the best altcoins for the next bull run. So, without further ado, let us proceed to introduce the best altcoins to buy now.
What Is the Best Crypto to Buy Now? (Apr 2024 Update)
In this section, we will analyze the best altcoins for the next bull run in terms of potential price performance. We will guide you in deciding which is the best crypto to buy right now. If you are under 18, read our guide on apps to buy crypto under 18.
WienerAI (WAI)
The Wiener AI project represents a significant advancement in the field of DeFi. It utilizes the power of artificial intelligence to provide users with advanced trading solutions. At its core, Wiener AI uses advanced machine learning algorithms to analyze market data, identify trends, and generate actionable insights for investors.
By combining the speed and accuracy of AI-driven analytics with the decentralized nature of blockchain technology, Wiener AI offers users a powerful toolset for cryptocurrency trading. Whether you consider WienerAI as a memecoin or a legit project, it might be the best crypto to buy now.
What is WAI and How Does it Work?
Central to the functionality of the Wiener AI ecosystem is its native token, WAI. It serves as both a utility and governance asset. With the WAI token, users gain access to a range of premium features and services. These include real-time trading signals, risk management tools, and personalized investment recommendations. Additionally, token holders play a crucial role in governing the platform. They can participate in decision-making processes related to protocol upgrades and strategic direction. This dual-purpose token model incentivizes participation and engagement within the Wiener AI community. WAI also ensures a democratic governance structure.
Moreover, the WAI token operates within a robust tokenomics framework. It is designed to promote sustainability, liquidity, and long-term value creation. It has a carefully planned distribution model and mechanisms for incentivizing staking and liquidity provision. Wiener AI seeks to create a vibrant and resilient ecosystem. By aligning the interests of token holders with the success and growth of the platform, Wiener AI aims to establish itself as a leading provider of AI-powered trading solutions in the DeFi landscape. It drives innovation and empowers users to achieve their financial goals with confidence. All these characteristics make WAI a probable candidate to be the next altcoin to explode.
Dogeverse ($DOGEVERSE)
The Dogeverse project introduces a novel concept in the cryptocurrency space. It is the world’s first chain-traveling Doge. At its heart is Cosmo, a charismatic Doge born from a collapsing supernova. Cosmo has the extraordinary ability to navigate seamlessly across various blockchain networks.
Cosmo’s adventures across Ethereum and Solana have transformed the Doge meme into a symbol of unity and creativity. It is the foundation for the Dogeverse. With the Dogeverse, holders of $DOGEVERSE tokens can now explore the vast crypto universe across Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. It is an interconnected ecosystem where community, rewards, and fun combine.
What is DOGEVERSE and How Does it Work?
The Dogeverse’s multichain architecture marks a significant milestone in meme token innovation. It allows users to stake their $DOGEVERSE tokens on Ethereum and earn passive rewards throughout the meme season. By expanding its presence across six stellar chains, Dogeverse aims to unite the crypto meme community and pioneer multichain utility. Through superior bridging technology, $DOGEVERSE tokens can seamlessly traverse different blockchains with minimal gas fees, making Doge culture truly multichain. Cosmo’s vision extends beyond mere tokenomics, bringing a new dimension to the concept of trending on DEXTools and establishing the Dogeverse as a beacon of innovation in the crypto space.
Moreover, the Dogeverse project is guided by a comprehensive roadmap divided into five phases, starting from the Big Bang with the launch of the website and social channels, all the way to Cosmic Travel with listings on major centralized exchanges (CEXs) and continued community incentives. With a total token supply of 200,000,000,000 tokens, the $DOGEVERSE token allocation is carefully structured to ensure sustainable growth and ecosystem development. From presale and staking allocations to liquidity provision and marketing efforts, every aspect of the tokenomics is designed to support the Dogeverse’s mission of expanding its reach, which makes it one of the best coins to buy now.
Omni Layer (OMNI)
Omni Layer is a formidable entry to our list of the best crypto to buy now. The platform implements Ethereum’s rollup ecosystem but is based on the Bitcoin blockchain. Omni Layer provides users with a fully decentralized asset platform. It enables the creation and trading of custom crypto assets. The fact that Omni utilizes Bitcoin’s network guarantees security and reliability. It is designed to unlock new possibilities on the Bitcoin network. Users can easily generate tokens backed by various traditional assets. They can also engage in decentralized crowdfunding activities and p2p trading directly on the blockchain.
One of the main reasons that makes Omni the potential next altcoin to explode is its recent listing on Binance. The project was listed on Binance Launchpool on April 13 and will begin trading on April 17, 2024. It will begin trading on 4 different pairs, including OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY. Therefore, it is likely to be a noteworthy investment opportunity.
What is OMNI and How Does it Work?
With its innovative blockchain integration and ecosystem support, the OMNI token holds promise as one of the best altcoins for the upcoming bull run. Its strong fundamentals, along with the opportunity for portfolio diversification and exposure to blockchain-based assets, make it an attractive choice for investors.
Regarding tokenomics, OMNI operates within a robust framework that facilitates transactions and incentivizes ecosystem participation. It has a maximum token supply of 100 million and an initial circulating supply of 10.39%. OMNI ensures a balanced distribution of tokens. Additionally, OMNI’s integration with Ethereum’s rollup ecosystem and its listing on major exchanges like Binance further solidify its position as a top contender for being the best crypto to buy today.
SagaCoin (SAGA)
SagaCoin ($SAGA) recently made a significant debut on Binance. This marks an important milestone for the crypto project. SAGA serves as the native token for transactions within the SagaChain ecosystem. It operates a unique strategy for maintaining stability and purchasing power. Unlike many volatile cryptocurrencies, SagaCoin implements an algorithmic approach to manage its tokenomics. The algorithm aims to bolster and stabilize its purchasing power over time. This is achieved through dynamic adjustments to coin supply in response to shifts in transaction demand. This process effectively reduces sudden value fluctuations.
What is SAGA and How Does it Work?
SAGA’s tokenomics model contains phases dedicated to both appreciation and stabilization of purchasing power. During the appreciation phase, the coin’s value experiences substantial growth relative to fiat currencies such as the US dollar. However, this growth is counterbalanced by a controlled inflation mechanism. This guarantees that Saga maintains strong purchasing power even amid value increases. Ultimately, the goal is for SagaCoin to uphold a steady purchasing power. It provides users with a dependable means of exchanging to trade goods and services without fear of significant price swings.
This token management framework exemplifies SagaCoin’s commitment to protecting users from inflationary impacts. It does so by creating a trustworthy medium of exchange within the SagaChain ecosystem. Through its innovative approach to tokenomics and purchasing power management, SagaCoin emerges as a promising contender for the next altcoin to explode during the bull market.
Ocean Protocol (OCEAN)
Ocean Protocol is a decentralized platform that facilitates data sharing, monetization, and exchange. It does so while upholding privacy and ownership rights. It enables the creation of tokenized ecosystems for artificial intelligence (AI) and data.
What is Ocean and How Does it Work?
Ocean’s tokenization allows providers to tokenize their datasets and AI models for accessibility on the Ocean Market. Users of Ocean Protocol can use AI-powered tools such as trading bots and take part in data science competitions. earning rewards through data curation and staking the platform’s native token, OCEAN.
OCEAN, an ERC-20 utility token, serves as the fuel for the Ocean Protocol ecosystem. It enables various functions such as staking for data curation and purchasing and selling data on the Ocean Market. You can also participate in Data Farming to earn rewards.
OCEAN holders can lock their tokens to enhance their curation power and earn rewards.. With a total supply capped at 1.41 billion tokens, 51% of which is allocated over decades to support community initiatives like data farming, Ocean Protocol, and its native token, OCEAN, are pivotal in harnessing the potential of big data for diverse applications. These characteristics make Ocean one of the best coins to buy today.
Propy (PRO)
Propy is a blockchain-based real estate platform. It leverages the power of decentralized technology to ease the process of property trades globally. Its innovative idea and target industry (real estate) make it a contender for the next altcoin to explode.
What is Propy and How Does it Work?
Propy facilitates the entire transaction process, from listing properties to executing contracts and transferring ownership, all within a decentralized ecosystem. By digitizing and automating various aspects of real estate transactions, Propy eliminates intermediaries. Thus, it minimizes paperwork and enhances trust between parties. Propy assures properties are securely recorded and transferred using smart contracts and blockchain. It provides a reliable experience for buyers, sellers, and other stakeholders in the real estate market.
Propy serves as a comprehensive solution for real estate transactions. It offers a transparent, secure, and efficient platform for participants worldwide. Leveraging the power of blockchain technology, Propy aims to overcome the challenges associated with cross-border transactions and regulatory environments. It allows seamless property transactions on a global scale. Whether it’s residential, commercial, or investment properties, Propy creates a modern and convenient way to transact real estate assets.
Metis (METIS)
Metis is a permissionless Layer 2 network built on top of Ethereum. It is designed to power the next generation of decentralized applications (dApps) by offering a secure, scalable, and decentralized infrastructure. Metis ensures fast transactions, low gas fees, and affordable on-chain storage. Judging by its fundamentals, Metis might well be the best crypto to buy today.
What is Metis and How Does it Work?
Metis crypto project employs optimistic rollups, which work by executing transactions off the Ethereum mainnet in a separate execution environment called the “rollup chain.” This allows for bundling and compressing multiple transactions into a single transaction on the mainnet, dramatically improving scalability.
The rollup chain assumes that the transactions are valid by default (“optimistically”) and periodically submits compressed batches of transactions to the mainnet as calldata. If any invalid transactions are detected, fraud-proof transactions can be submitted to the mainnet to reverse the invalid state transition. This approach significantly reduces the computational burden on the mainnet. It enables Metis to process transactions at a much higher throughput and lower cost compared to direct execution on Ethereum.
Metis’s architecture is designed to be modular and flexible. Therefore, it allows developers to choose the execution environment that best suits their application’s needs. Metis supports various execution environments, such as the Ethereum Virtual Machine (EVM). The EVM facilitates integration with existing Ethereum-based applications. The project also utilizes alternative execution environments like WebAssembly (WASM) for improved performance.
Moreover, Metis uses a decentralized governance system. Consequently, the community can participate actively in decision-making processes. The Metis community plays a critical role in shaping the platform’s development roadmap. This commitment to decentralization and community involvement is a core principle of the Metis ecosystem.
METIS Price Analysis
In this section, we conduct a general technical analysis of the METIS crypto price chart. While the project seems valuable, we also need a clear Metis price prediction for potential entries and exits.
This chart represents the METIS/USDT pair on the weekly timeframe. It is evident that the price has broken the $130 resistance level to the upside with considerable force. The chart demonstrates a V-shape recovery and rapidly approaches its previous all-time high below the $180 mark. Therefore, as the price is still yet to make a new ATH, Metis might be an attractive addition to your crypto portfolio.
Smog (SMOG)
Smog is a digital asset project that has gained significant attention in the cryptocurrency community. Described metaphorically as a powerful dragon, Smog aims to establish dominance in the digital arena through its native token, SMOG. Smog’s primary focus revolves around community engagement, tokenomics, and a multichain strategy, with an emphasis on delivering the “Greatest Solana Airdrop of All Time” to its dedicated enthusiasts. So, with the rising interest in meme coins, the Smog crypto token might be the next altcoin to explode.
What is Smog and How Does it Work?
Smog operates on a tokenomic model designed to create community engagement. At its core is the SMOG token, with a total supply of 1.4 billion tokens. A substantial 35% of this supply is allocated for airdrop rewards, underscoring the project’s commitment to its community. Other portions are designated for essential functions like marketing and liquidity provisioning on centralized and decentralized exchanges, ensuring a robust ecosystem.
A key aspect of Smog’s mechanics is its airdrop system, facilitated through the Zealy.io platform. Community members can earn points and, ultimately, SMOG token rewards by engaging in various activities. These include social media interactions, completing quests or tasks, and participating in on-chain actions such as buying, holding, and staking SMOG tokens. The more actively involved a participant is, the higher their potential airdrop rewards become.
Smog’s launch strategy and roadmap reveal a calculated approach to establishing dominance. Initially deployed on the Solana blockchain, the project’s roadmap outlines phases such as airdrop research, fair launch, providing liquidity and staking opportunities on Ethereum, and aggressive social media marketing campaigns.
The ultimate aspiration is to achieve the status of “SOL King,” implying a position of preeminence within the Solana ecosystem. However, Smog’s ambitions extend beyond these blockchain networks, with plans to expand its presence to additional blockchain platforms in the future. Additionally, Smog is one of the upcoming Binance listings in 2024, which can make it even more attractive for investors.
Check out the full list of new Binance listings.
Pepe Coin (PEPE)
Pepe Coin (PEPE) is a deflationary meme coin launched on the Ethereum blockchain. It pays homage to the iconic Pepe the Frog internet meme. As the last bull run has proved, speculators love attractive meme coins, which can make Pepe Coin the best crypto to buy now.
What is Pepe Coin and How Does it Work?
Pepe Coin distinguishes itself in the cryptocurrency space through several key features. Firstly, the project’s no-tax policy sets it apart by eliminating transaction fees for buying or selling. This feature enhances the cost-effectiveness of trading activities. This approach aims to attract cryptocurrency enthusiasts seeking a more economical trading experience.
The redistributive system is another notable aspect, where a portion of each transaction is allocated to current token holders. This mechanism not only encourages long-term staking and investment but also creates an engaged and active community.
The burning mechanism of Pepe Coin serves to maintain the scarcity of its tokens. As tokens are burned, the overall supply decreases, potentially driving up the value of the remaining tokens over time. This deflationary approach aligns with strategies seen in other successful cryptocurrencies.
The three-stage roadmap reflects the project’s strategic vision. The initial phase focuses on embracing the meme culture, leveraging the popularity of the Pepe the Frog meme. The second phase involves cultivating a strong community vibe and encouraging long-term holding (HODLing), a strategy often associated with meme coins. The final phase ambitiously aims for a “Meme Takeover,” signaling the project’s aspirations for widespread recognition and adoption in the meme coin space.
PEPE Price Analysis
As a meme coin, PEPE’s price analysis is much more important than its fundamentals. In this section, we will conduct a technical analysis of PEPE to determine whether it can achieve substantial growth in the coming months.
As evident on the price chart, PEPE is currently being traded at prices around $0.000007, following a significant spike in the last couple of weeks. As a result, many investors are now turning their attention to Pepe coin. However, considering the overbought signal demonstrated by the Relative Strength Index, the price might correct in the short term, pulling back toward the $0.000004 level before continuing higher again.
Livepeer (LPT)
Our first entry on the list of the best altcoins to buy today is Livepeer. Livepeer is an Ethereum-based decentralized blockchain service addressing issues in decentralized video transcoding and live streaming. Considering the fundamentals of this project, LPT might be the next altcoin to explode.
What is Livepeer and How Does it Work?
The Livepeer project aims to significantly reduce the infrastructure costs associated with video streaming by utilizing a distributed network of nodes. Users, known as orchestrators or “video miners,” lend their computer power to handle the computationally intensive task of transcoding video. In return, participants receive incentives in the form of the LPT token, which powers the network. Livepeer operates as a behind-the-scenes infrastructure solution, enabling app developers to lower the cost of transcoding video dramatically.
The Livepeer network involves three primary participant roles, including Orchestrators, Delegators, and Broadcasters. Orchestrators are responsible for video processing tasks such as transcoding, utilizing computational resources, and staking Livepeer Tokens (LPT) to earn fees. Delegators who don’t operate Orchestrator nodes stake LPT with trusted Orchestrators to enhance network security and receive a portion of associated fees and rewards. Broadcasters, although not explicitly mentioned, are users sending videos for transcoding.
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What is LPT?
LPT is essential to the Livepeer network as it plays a key role in the network’s security and governance. Delegators use LPT to stake on Orchestrators, thereby participating in the work distribution within the network and ensuring its proper functioning. The staked LPT acts as collateral, incentivizing Orchestrators to act honestly and efficiently. Additionally, the amount of LPT staked by Delegators grants them voting power in governance decisions, influencing the protocol’s direction and proposals. Orchestrators themselves need to stake LPT to become active and eligible for transcoding work and fee collection, which ties the utility of LPT directly to the network’s video processing services.
LPT Price Analysis
While LPT is a fundamentally sound token, investors should also pay attention to the price movement. Technical analysis can help significantly in finding optimal entry zones, and LPT is currently cheap enough to be bought for long-term investment. 
Looking at the chart above, it is evident that LPT has broken above its 200-day moving average and retested it multiple times. Last week, the LPT price experienced a huge spike, breaking past the $11 resistance level after failing to do so for over a year. At the moment, a pullback to the broken $11 level can provide an optimal entry opportunity. Yet, the token generally appears oversold at the moment, being traded much lower than its all-time high. Therefore, prices under the $20 mark can be decent for buying LPT for long-term investment.
Livepeer Sentiment Analysis
While the crypto market is recovering, some altcoins are attracting investors’ attention, and Livepeer is one of them. LPT has been trending on several platforms like Google, X.com, and Reddit. This rise in impression typically suggests an increase in demand and could subsequently lead to a surge in price.
Starknet (STRK)
Starknet functions as a layer 2 network, specifically a Validity-Rollup or ZK-Rollup, constructed on Ethereum to tackle scalability concerns while upholding security. Due to its valuable functionality, STRK might be one of the best altcoins for the next bull run.
What is Starknet and How Does it Work?
As already mentioned, StarkNet is a layer 2 scalability solution on Ethereum. Its scalability approach involves consolidating transactions into an off-chain computed STARK proof, submitted as a singular transaction to Ethereum. This process enhances throughput, accelerates processing times, and reduces costs while preserving Ethereum’s robust security.
The Starknet Validity Rollup integrates Ethereum and Starknet for substantial scalability, moving transaction processing off the Ethereum Mainnet and summarizing transactions on-chain. The system relies on STARK proofs for verifiable computation, ensuring the integrity of off-chain transactions without the need for re-execution.
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What is STRK?
STRK is Starknet’s native token. Users are able to pay network fees using STRK alongside ETH by following the following provisions. Recipients of STRK gain governance participation for decisions shaping Starknet’s future, covering various matters.
In the future, STRK will serve in staking within a proof-of-stake model, allowing participants to select sequencers for decentralized network operation. In essence, STRK is central to Starknet, facilitating fee payments, governance involvement, and future staking roles.
STRK Sentiment Analysis
The Starknet token has been listed on Binance and started trading on February 20. While technical analysis cannot be applied to STRK due to its limited price history, the market sentiment can determine its potential.
Starknet has been witnessing a significant rise in search counts on Google and tweets on X (Twitter). While this can be attributed to its listing news on Binance, it indicates a potential increase in demand, which can lead to a significant price rally for any newly listed token like STRK.
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Worldcoin (WLD)
Worldcoin, launched on July 24, 2023, is a digital identification platform co-founded by OpenAI CEO Sam Altman. Considering ChatGPT’s mind-blowing success, WLD might arguably be the best crypto to buy now.
What is Worldcoin and How Does it Work?
Worldcoin is a digital ID platform that aims to provide users with a verified digital identity. It also offers a cryptocurrency token named Worldcoin (WLD), and a crypto wallet app. In response to the challenges posed by AI-generated content, Worldcoin offers a digital passport based on “proof of personhood.” It utilizes iris scanning to create unique identification codes stored on a decentralized blockchain. These codes, called IrisCodes, aim to prevent identity fraud and cannot be duplicated.
With over 16 million registered users globally, Worldcoin seeks to establish a global financial and identity network. It aims to address concerns in the AI era. The platform’s components include World ID (verified through iris scanning), World App (a privacy-preserving crypto wallet), and the WLD crypto token, emphasizing the importance of these three interconnected elements for its functionality.
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WLD Price Analysis
While Worldcoin’s project has potential, it is essential to conduct technical analysis in order to determine optimal entry zones.
As the WLD/USDT daily chart demonstrates, the price has been rallying since early February. In fact, the rally began when the price broke out of the large falling wedge pattern. Based on a reversed Fibonacci retracement analysis, the token can double in price in the short term. Yet, it might be best to buy WLD after a correction and around the $7 mark, as the price might struggle to break above the $9 level right away.
Read our guide on autotrading in TradingView.
WLD Sentiment Analysis
As Google Trends suggests, the search count for Worldcoin has risen almost tenfold since the beginning of February. Paired with the recent price rally, this can be an early signal for a significant price surge in the upcoming months, making WLD a candidate for the next altcoin to explode.
Jasmy (JasmyCoin)
Jasmy is a decentralized platform addressing uncertainties in the Internet of Things (IoT) by offering a secure and democratic environment for data decentralization. It is a robust project with an innovative developing team, making it a contender for the best crypto to buy now for long term.
What is Jasmy and How Does it Work?
As already stated, Jasmy is an Internet of Things (IoT) platform designed to overcome the uncertainties associated with centralized IoT systems by prioritizing security, stability, and data decentralization. Unlike current services offered by major companies like Google and Amazon, Jasmy aims to create a decentralized and democratized IoT platform. Operating on principles of securing individual data and enabling authorized companies to use data extensively, Jasmy strives to establish a neutral environment where businesses, organizations, and individuals can leverage IoT-generated data for innovation and a more secure future. The experienced core team, including professionals from Sony, contributes to the development and realization of Jasmy’s objectives.
Key components of Jasmy’s ecosystem include the Personal Data Locker (PDL), Secure Knowledge Communicator (SKC), and Smart Guardian (SG).
- The PDL ensures secure file storage within a decentralized network, with data files managed on the blockchain.
- The SKC empowers users to control and manage their personal data, promoting data democratization.
- The SG facilitates secure registration of IoT devices on the distributed network, creating an environment accessible only to device owners.
The platform envisions a future where personal data becomes a valuable resource, introducing a payment service to convert user activity history into points and coupons. Additionally, Jasmy offers a Secure PC for enterprises to ensure access control and security for remote workers, with plans to commercialize services, increase token circulation, and expand its global community.
JasmyCoin Price Analysis
The platform’s native token, JasmyCoin plays a pivotal role in the Jasmy network. As a result, by conducting technical analysis, investors can find decent entry prices to invest for the long term.
Looking at the JASMY/USDT weekly chart, the price has recently demonstrated a massive spike, breaking past the $0.007 level after almost a year of consolidating below it. This might be the beginning of a new long-term bull market for JasmyCoin.
However, the market might consolidate or pullback toward the broken $0.007 level in the short-term before continuing toward the $0.04 level and potentially higher to make a new all-time high in the near future. Meanwhile, Jasmy might even be the best crypto to buy today for short term investing, due to its significant potential in terms of price action.
JasmyCoin Sentiment Analysis
Jasmy’s market sentiment is positive as influential stakeholders withdrew $5.36 million worth of JasmyCoin from Coinbase, strengthening buying pressure. Regulatory changes in Japan, including approval for venture capital investments in crypto projects, add to the bullish outlook.
The partnership with DWF Labs and a projected $0.30 target price contribute to optimism, fueled by rising demand from Japanese venture capitalists. The regulatory ease is also expected to boost domestic funding for web3 companies. With Google Trends showing a rising interest in JasmyCoin, the “Japanese Bitcoin” might be the best crypto to buy now.
iExec (RLC)
iExec operates as a Web3 marketplace, fostering decentralized application (dApp) development and computing asset trading with a focus on preserving privacy and data ownership. Based on their project and goals, RLC might be the next altcoin to explode.
What is iExec and How Does it Work?
The iExec platform utilizes a combination of blockchain and Confidential Computing to create an advanced internet environment where resource providers connect with users. Developers can leverage the Developer Rewards program, providing up to 1 million USD in bounties and grants, and infrastructure support for their Web3 projects. Asset providers have the opportunity to monetize computing power or applications while maintaining ownership and privacy. Users seeking computing resources, data, or applications can access them through the marketplace.
The native cryptocurrency of iExec, RLC, functions as the currency for transactions within the marketplace. RLC, signifying “Run on Lots of Computers,” is an ERC20-compliant digital asset on the Ethereum blockchain. It enables secure storage, transfer, trade, and payments within the iExec ecosystem.
The platform has gained widespread adoption, with 83 million RLC tokens in circulation. The successful token sale in April 2017, raising 10,000 BTC, marked it as the fifth-largest ICO at the time. RLC tokens streamline transactions on the iExec network, offering a pay-as-you-go model for accessing computing resources.
RLC Price Analysis
While RLC has a strong fundamental background, investors should strive to by the token at a reasonable price. In this section, we conduct technical analysis to evaluate RLC’s price trend. We also determine where investors can potentially purchase the token with minimum risk.
The image above demonstrates the RLC/USDT weekly chart. It is evident that the price has recently begun an aggressive uptrend, breaking past the $2.2 level and is on its way toward the $6 resistance level. However, a pullback to the $2.2 zone might provide a better opportunity for investors. Nevertheless, in case a breakout from the $6 resistance zone occurs, RLC would be likely to begin a parabolic run toward higher prices.
RLC Sentiment Anlaysis
While Google searches for the iExec project or its token, RLC, is not currently at an all-time high, it is on a steep rise. Developing partnerships with established companies like Revolut and the rising interest in RLC are promising signals suggesting that RLC might be the best crypto to buy now at a relatively cheap price.
As Google Trends suggests, the search count for Worldcoin has risen almost tenfold since the beginning of February. Paired with the recent price rally, this can be an early signal for a significant price surge in the upcoming months, making WLD a candidate for the next altcoin to explode.
Read our Ace Token review, another 2024 trendy token.
How Can Finestel Help Crypto Traders Maximize Their Returns?
While we have provided an in-depth analysis of some of the best altcoins for the next bull run, some investors might lack the expertise to invest by themselves. This is where Finestel’s copy trading service comes in. Our cutting-edge copy trading bot allows you to follow the executions of expert traders and maximize your profits during the next bull run.
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Conclusion
In summary, the approval Bitcoin ETFs by the SEC in January marked a significant turning point for Bitcoin. Additionally, the upcoming Bitcoin halving in mid-2024, coupled with positive market dynamics and the observed correlation with the U.S. stock market, sets the stage for sustained growth in the cryptocurrency market.
This makes investors curious to find the best crypto to buy now, with Livepeer (LPT), Starknet (STRK), Worldcoin (WLD), JasmyCoin (Jasmy), and iExec (RLC) highlighted as potential candidates for the next altcoin to explode. Each coin addresses specific challenges within the blockchain and crypto space. Technical and sentiment analyses also provided insights into potential entry points and market interest. These can aid investors in making informed decisions.
This comprehensive analysis of best altcoins for the next bull run by Finestel is a weekly series, offering readers regular updates on the cryptocurrency market every Monday. As the market evolves, staying informed about emerging trends and promising projects becomes crucial for investors seeking to find the best crypto to buy now.
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