The restricted number of 21 million Bitcoin coins makes it a store of value, frequently referred to as “digital gold,” depending on market demand. Others regard it as a method to diversify their financial portfolio or as a hedge against inflation. Arguably the most popular cryptocurrency to purchase, it is by far the most prominent cryptocurrency in the business by market capitalization, representing the value of over 40% of all digital assets combined.
Traders are trying to position themselves in altcoins with better prospects due to concerns about a prolonged decline in central cryptocurrency values.
If smaller, lesser-known cryptocurrencies have a good bullish narrative or bullish solid momentum, they can outperform more extensive, more established altcoins. These top-performing cryptocurrencies from Tuesday might be the greatest ones to purchase now.
1. Toncoin (TON)
One of the best-performing cryptocurrencies of the year so far is Toncoin (TON), which shows no signs of stopping. Even with today’s minor decline, Toncoin is still beating the majority of cryptocurrencies. With TON currently ahead of the Bitcoin halving, it has lately broken past its all-time highs and could soon reach prices beyond $20.
The increasing demand for the Ton blockchain is a significant factor in Toncoin’s growth. Recently, Telegram included Toncoin within the social chat app, giving it enormous utility. Given all of these demand-side catalysts, TON is an inexpensive cryptocurrency to buy right now and may see price increases in the future.
Toncoin coils between $6.50 & $6.75 – breakout imminent!
— Paxton (@Buy_SomeBTC) April 9, 2024
Bulls need to break above resistance & reclaim $6.75 for a potential run.
Bears watch for a break below support & a test of $6.50.
Volume key for direction! #Toncoin #Crypto $TON pic.twitter.com/GQwxKcS09Z
2. DogWifHat (WIF)
One of the best-performing meme currencies of the year is DogWifHat (WIF), and its momentum isn’t stopping. DogWifHat is back in the green after a little decline earlier in the day, indicating solid underlying demand. In the future, DogWifHat will likely attract more investors than most newly released meme coins. This is because, due to its pricing action this year, it has already established credibility in the market.
I didn't get in super early but why not grab some now before it does a 20x…. DogWifHat is at 3.5 Billion… do the maths, but don't take too long 🤝#PEPEWIFHAT @itspepewifhat $PORK $PNDC pic.twitter.com/VBHEUdNb7R
— JimmyCrypto 🐷🟪 (@JimmyCryptoNZ) April 10, 2024
Also read: Crypto Expert Says That If This Occurs, Solana’s Price Might Go Up 80%
3. Fanton (FTM)
Despite Tuesday’s decline in the overall market, Fantom (FTM) bulls are still in the lead. CoinMarketCap reports that FTM was up almost 8% the previous day after hitting $1 again.
The coin aims to retest its highs above $1.20 quickly in 2024. A break above this level might allow for a sustained rise to the record high of $3.67 set in 2021.
FTM may yield investors three to four times their gains in the current bull market, making it one of the top cryptocurrencies available right now.
4. Ethana (ENA)
On Tuesday, Ethena (ENA) reached all-time highs of more than $1.40 per token. Since then, it has retreated to about $1.23, giving it a $1.16 billion market cap. However, Ethena is still quite popular and a hot topic in the cryptocurrency world. Just one week after its launch, Its token’s value increased fourfold.
The novel yield-bearing USDe token is being issued via the decentralized Ethena finance technology.
The protocol included Bitcoin as a collateral option to add to the excitement. Ethena wants to emulate the UST cryptocurrency’s success on the Terra blockchain, minus the fantastic explosion. DeFi Llama said the protocol has already amassed $2.27 billion in TVL. However, this may quickly increase if Bitcoin is used as collateral.
USDe is the fastest growing USD denominated asset in the history of crypto pic.twitter.com/xgiRJjf96t
— G | Ethena (@leptokurtic_) April 8, 2024
Ethena’s market value might increase by at least five times during this bull run, making it one of the top cryptocurrencies available right now.
Alternatives to Cryptocurrency to Take Into Account
Potential investors have a fantastic opportunity to profit ten times over with any of the coins above. However, investing in cryptocurrency presales is an alternate high-risk, high-reward option to consider if you’re seeking a better chance of making money in the near future.
Investors purchase the tokens of nascent cryptocurrency projects here to contribute to their development. These coins are almost always offered cheaply, and early investors have historically reaped enormous exponential gains from presales.
Outstanding teams drive numerous of these projects with a clear ambition to create a groundbreaking cryptocurrency application or platform. If investors can find such projects, their presale investment has excellent risk/reward.
Also read: Ripple CEO Anticipates That The Cryptocurrency Market will Treble to $5 Trillion by Year End
