The crypto market saw a sudden wobble when Bitcoin (BTC) dropped below $40k, knocking many altcoins down with it. But despite the drop, Avalanche (AVAX) has defied the pullback with an impressive sustained rise. Recent data shows AVAX has even crossed the $40 mark, which hasn’t happened since May 2022.
Apart from AVAX, there are a few other altcoins that will defy the market decline, and we will review 5 altcoins that can be a good bargain. Notably, the Bitcoin ETF Token ($BTCETF) and Bitcoin Minetrix ($BTCMTX) are leading the pack with their unique innovations and handsome earning opportunities.
Avalanche Upswings to Record Highs – What’s Fueling the Surge
Avalanche’s remarkable surge has landed it on the trending list on CoinMarketCap. Before this rally, AVAX was trading around $16-$19 for over a week, after which the price went up to $35 but faced rejection. After multiple attempts, the bulls finally broke through this level, and the price hit a new yearly high.
A significant factor for this surge is the increase in transactions recorded recently. IntoTheBlock data shows that almost 1000 AVAX tokens have been traded over the past few weeks. Further looking at technical indicators like MACD, it shows a constant green histogram for the past 7 days, which means increased buying-over-selling pressure. But will it go beyond $45 before 2024?
Well, if AVAX manages to hold the price above $40, it could gain more traction and test resistance at $42.5 soon, after which it could reach $45. On the contrary, if the price fails to break through $42.5, it could plunge to $40 or even lower.
While the AVAX surge is impressive, there are 5 other altcoins that can give you even greater gains. So, let’s check them out.
1. Bitcoin ETF Token ($BTCETF) – Top Altcoin to Capitalize on Impending ETF Approval For a Bargain Price
The hype around the Bitcoin Exchange-Traded Funds (ETFs) is growing. Many big players, including banking giants like JP Morgan, believe the Bitcoin ETF approval will happen in January. This will be a big deal for the whole crypto market and drive substantial investment.
Amid this fervor, Bitcoin ETF Token ($BTCETF) is the top altcoin choice with even greater upside potential than AVAX. This coin has uniquely crafted its tokenomics to capitalize on the imminent ETF approval.
BTCETF employs an innovative burn mechanism that will destroy 25% of the total coin supply. This deflationary approach aims to increase the token’s value over time, giving early adopters and long-term holders an incentive to hold on. Further, it comes with a 5% tax on all BTCETF trades that decreases by 1% each time a milestone is reached.
Plus, holding BTCETF tokens can also give you lucrative yields, and if you invest now, you can immediately start staking and earning.
The coin has already attracted raked in millions during the presale, with famous influencers like Austin Hilton and Connor Kenny endorsing it. Right now, you can grab BTCETF for a bargain, but hurry because prices will go up soon.
2. Bitcoin Minetrix ($BTCMTX) – Best Altcoin to Mine Bitcoin Effortlessly with Huge Potential
Another coin to watch out for in this market dip is Bitcoin Minetrix ($BTCMTX). This Ethereum-based altcoin aims to revolutionize Bitcoin mining by employing a unique Stake-to-Mine model.
This groundbreaking concept allows you to stake $BTCMTX and earn non-transferrable Bitcoin mining credits, which you can redeem to mine BTC through the cloud. With this innovative approach, you can profit from Bitcoin mining without having to invest in expensive hardware. Additionally, as a $BTCMTX holder, you can even earn high-rewarding yields through its staking protocol.
Plus, BTCMTX doesn’t have typical cloud mining risks such as rug pulls or cash-locked contracts, which means you can easily unstake and sell your tokens anytime.
The project took off quickly, and now it has raised millions in its presale, demonstrating serious interest. This shows real gains even more than AVAX can be earned if you invest now.
On top of that, analysts are also raving about altcoin’s potential, like YouTuber Michael Wrubel explains several reasons for his optimism.
With a mobile app on the way and plans to partner with giant cloud mining institutions in the future, Bitcoin Minetrix checks all the boxes for being the best altcoin. Right now, BTCMTX tokens are super cheap, so take advantage of this offer.
3. Cardano (ADA) – Innovative Collateralized Borrowing DApp Sparks Growth
Cardano (ADA) has also experienced significant growth recently despite the market being down. A key driver of Cardano’s adoption is its collateralized borrowing dApp, which accepts wallet collateral as collateral for loans. With other unique features, like liquidatable loans via smart contracts, Cardano is positioned to grow in popularity.
4. Polygon (MATIC) – 500%+ Surge in Activity Despite Market Dip
Polygon (MATIC) has also performed well, mainly due to a surge in network activity, which has increased 500%+ in the last three months despite a slight decline in price. Polygon (MATIC) has been under pressure lately, trading around $0.86, yet the MVRV ratio and growth remain high, suggesting it’s still going strong. The Polygon MACD crossed bearish, and its relative strength index (RSI) declined, suggesting possible challenges ahead.
5. Immutable (IMX) – Defying Market Declines with a 14% Surge
Recent declines in crypto markets have not stopped Immutable (IMX) from soaring. Recently, IMX spiked by 14% to an all-time high above $2, continuing its rise. The incredible performance comes as Immutable keeps breaking key resistance levels, and the bullish chart patterns indicate that further gains are on the horizon. Additionally, there’s a lot of buying volume behind this rally, with analysts predicting the next phase will happen when IMX breaks $2.26.
Conclusion
These are the 5 best altcoins apart from AVAX that you can invest in this market dip. BTCETF and BTCMTX stand out as these tokens bring groundbreaking innovations at an unbelievable price. Plus, as Bitcoin’s Halving approaches, they’re going to be even more valuable. So get yours now.
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