24.07.2024

What altcoins are worth investing in? TOP 5 most promising coins

This past weekend, the cryptocurrency market experienced a real boom as bitcoin hit a new all-time high and hit over $ 61,000.

As always, altcoins stand out against the backdrop of a bullish trend, which show especially impressive results. In this list of cryptocurrencies, you will find assets that will continue to rise over the next week.

Ethereum has performed well over the past seven days, and there is no reason to believe that it will not continue the winning streak in the future. Over the past week, it has grown by about 12% and has come close to the $ 1800 level.

Ethereum (ETH)

The cryptocurrency peaked at around $ 1943 on Saturday, but several consecutive red 4-hour candles have formed on the chart since then. This looks like a healthy pullback with which ETH is poised to take the $ 2,000 level by storm.

Moreover, at the time of writing, ETH is trading above 0.031 BTC. If this level holds, it will give a good boost this week.

Cardano (ADA)

Over the past month, Cardano has become one of the most popular altcoins – in February alone, the cryptocurrency grew from $ 0.3 to $ 1.48. Agree, this is an impressive growth.

At the moment, the price of Cardano (ADA) has retraced slightly to $ 1.07.

Nevertheless, ADA continues to attract traders’ interest and remains in the leading positions, occupying the 5th place in the overall rating of cryptocurrencies.

Sushi (SUSHI)

SushiSwap’s own token SUSHI has been one of the most talked about topics on DeFi for over a year now. Coinbase listed the cryptocurrency on its Coinbase Pro trading platform a few days ago. In other words, DeFi tokens have received recognition from major players in the field.

DeFi Pulse data shows that more value is currently locked in SushiSwap than Uniswap, which should be considered an important achievement.

Over the past week, SUSHI has grown by about 27%, at the time of this writing, it is worth about $ 21.

With the full backing of FTX CEO Sam Bankman-Fried, it looks like the cryptocurrency is poised to retest and possibly even break its recent all-time high.

Enjin Coin (ENJ)

Over the past seven days, ENJ has grown by 95% and by 300% over the past 30 days. You might think that this happened after a major correction, but there is another explanation for this.

ENJ is at the forefront of the non-fungible token (NFT) craze. Previously launched, JumpNet is one of two solutions that Enjin plans to use to troubleshoot issues NFTs are facing. It is a high-speed bridge network that enables free and instant online transactions with ENJ and ERC-1155 tokens.

Also planned for 2021 is the Efinity update, which is a decentralized blockchain for NFT.

As the hype around NFT grows stronger every day, ENJ is quite capable of capitalizing on this.

The cryptocurrency is currently trading at around $ 2.5 billion with a total market cap of $ 1.9 billion, so the coin is definitely worth checking out.

Ethernity Chain (ERN)

Ethernity Chain is a relatively new project, the IDO of which took place on Polkastarter at the end of February. Since then, the team has worked hard and the fruits of this work are already visible.

One of the most popular marketplaces NFT OpenSea has recently encountered disconnection issues. This came as a result of a spike in traffic related to the BossLogic NFT sale that went through Ethernity.

ERN’s current total market capitalization is approximately $ 111 million. Of course, it is relatively small, but this is the case when it points to good growth prospects.

At the time of this writing, the coin was trading at $ 20.41, which is not at all a limit given the high popularity of NFT.

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