Cryptocurrency investors are constantly on the lookout for the next big opportunity in the market, especially when it comes to smaller, lesser-known altcoins that have the potential to deliver significant gains. As Bitcoin and Ethereum recently rebounded from key support levels, attention is shifting towards alternative cryptocurrencies that could outperform the market. Among the top picks for the best crypto to buy now as of April 18 are Injective, Gala, and Akash Network.
Injective (INJ) is a decentralized trading protocol that has been gaining momentum as the market shows signs of recovery. With a market cap of $2.7 billion and a recent 14% increase in value, INJ is eyeing a retest of the $30 resistance level. The growing number of staked tokens is seen as a positive indicator for the protocol, and its current valuation suggests the potential for significant growth, making it a strong contender for the best crypto to buy now.
Gala (GALA) is another altcoin that is generating interest among investors. As a play-to-earn token, Gala has been performing well in the market. While specific catalysts for its recent outperformance are not clear, the token’s performance is drawing attention. With the play-to-earn model gaining popularity in the cryptocurrency space, Gala stands out as a promising investment option.
Akash Network (AKT) is also worth considering as one of the best cryptos to buy now. With its focus on decentralized cloud computing services, Akash Network has the potential to disrupt the traditional cloud computing industry. As more applications and services move towards decentralized solutions, AKT could see significant growth in the coming months.
As the crypto market continues to evolve, opportunities for investors to capitalize on emerging trends and technologies abound. Keeping an eye on promising altcoins like Injective, Gala, and Akash Network could lead to lucrative returns for savvy investors looking to diversify their portfolios and take advantage of the evolving landscape of digital assets.Gala (GALA) and Akash Network (AKT) are two cryptocurrencies that have been making moves in the market recently. Gala, a blockchain gaming platform, has shown resilience by bouncing back from a recent dip. At the time of the latest update, Gala was trading at $0.04380, up 12% in the past 24 hours and 30% from last week’s lows of sub-$0.033. The token faced a significant drop due to a market sell-off and a bearish pennant breakout. However, there is optimism that Gala could see a rapid recovery if it manages to break above the resistance level at $0.050, potentially paving the way for a return to early yearly highs near $0.088.
On the other hand, Akash Network (AKT), a decentralized computing resource network, has also been showing signs of a potential breakout from its recent downtrend. Currently trading around $4.0, AKT has seen an 11% increase in the past 24 hours but remains down about 40% from its yearly highs of $6.50. The token has been struggling since late March but is now eyeing a breakout. A move above the 21-day moving average at $4.20 could signal a bullish trend with a potential push towards the resistance-turned-support level at $5.0.
Investors looking for short-term gains may find Gala and AKT appealing due to their recent price movements and potential for growth. However, it’s important to note that investing in cryptocurrencies comes with inherent risks, especially given the volatility of the market. One alternative investment strategy suggested is participating in crypto presales or Initial Coin Offerings (ICOs). These fundraising rounds offer early access to tokens at lower valuations, attracting risk-taking investors.
While presale investing can be lucrative, it also carries risks as projects may not always deliver on their promises, leading to losses. Nonetheless, successful presale investments can yield significant returns, showcasing the potential rewards of backing promising web3 projects in their early stages. For those interested in exploring presale opportunities, analysts at Cryptonews have compiled a list of the top presale projects to watch in April 2024.
Overall, both Gala and Akash Network present intriguing opportunities for investors, but it’s essential to conduct thorough research and consider the associated risks before making any investment decisions in the volatile cryptocurrency market.
