As established coins continue to dominate, emerging altcoins are carving their paths. These coins represent enticing opportunities for investors seeking growth and diversification. 

Furthermore, exploring alternative cryptos unveils many promising options with unique features, innovative technologies, and ambitious visions. This article covers the top contenders poised to significantly impact and redefine the crypto market.

7 Best Altcoins to Invest in Right Now

A handful of top cryptocurrencies are trading below $1, representing an opportunity for potential investors to profit from the market. Within the top 20 cryptocurrencies by market capitalization, some coins remain priced under the $1 mark as of 2024. However, other altcoins also provide investors with cheap entry into the market.

1. SKALE (SKL)

ScoreDetect’s recent integration with the SKALE Network reflects a strategic move, considering SKALE’s distinctive zero gas architecture. This feature, alongside SKALE’s reputation as a high-speed blockchain network with customizable chain configurations, positions it as a fitting blockchain layer for ScoreDetect. The partnership seems pivotal, especially considering the expanding network of reputable entities within the SKALE ecosystem.

For ScoreDetect, this collaboration promises efficient data verification, with users able to generate verification certificates in a mere 20 seconds at no cost. This advantage significantly distinguishes ScoreDetect from competitors by offering both affordability and speed, enhancing its appeal as a verification option.

Regarding SKALE’s market performance, its price surged 195% over the past year, outperforming 78% of the top 100 crypto assets. Trading above the 200-day simple moving average and nearing its cycle high, SKALE demonstrates strong liquidity based on its market cap. 

SKALE Network has dominated as THE most active web3 gaming hub of 2023!

It’s not just a network; it’s a gaming revolution. Cheers to gas-free gaming and the epic dApps pioneering this space.👏 pic.twitter.com/8EGL4NCquI

— SKALE (@SkaleNetwork) December 18, 2023

Moreover, the coin is currently ranked #56 in the Ethereum (ERC20) Tokens sector and #62 in the Layer 1 sector. Moreover, SKALE’s bullish sentiment aligns with a Fear & Greed Index showing 71 (Greed).

2. IoTeX (IOTX)

IoTeX recently announced the integration of Conflux into W3bstream. This marks a significant step in enhancing functionalities within the DePIN (Decentralized Privacy-Preserving Information Networks) landscape. Moreover, this collaboration offers DePIN founders utilizing Conflux the opportunity to leverage W3bstream’s capabilities as a middleware layer. 

Furthermore, IOTX, the native token powering the IoTeX network, has recently grown substantially. Over the past month, it has surged by 109.27%, currently trading at $0.05255. Notably, its value has risen by 162.93% over the last year, marking a sustained upward trajectory amidst market fluctuations.

IoTeX’s W3bstream has integrated with @Conflux_Network. #Conflux developers can now harness real world data to seamlessly build #DePIN dApps.

Here’s what the integration means. 🧵👇https://t.co/es5feEG3A1

— IoTeX (@iotex_io) December 20, 2023

The surge in IoTeX’s on-chain metrics has been significant, with a remarkable 90% increase observed in the past week alone. This upswing is attributed to heightened platform activity, underscored by a notable milestone: processing over 1 million transactions on December 19th.

3. Worldcoin (WLD)

Worldcoin is #43 in the Ethereum (ERC20) Tokens sector, boasting a circulating supply of 104.21 million WLD. This amount is out of a maximum supply of 10.00 billion WLD. Notably, the cryptocurrency demonstrates high liquidity based on its market capitalization.

Reviewing its recent performance, Worldcoin has seen its highest price in the last cycle reach $4.08, marking a cycle high. Presently, market sentiment indicates a bullish outlook for Worldcoin. This aligns with a Fear & Greed Index displaying a value of 71, signifying “Greed.”

Worldcoin is advancing decentralization. https://t.co/YLQBJFxUff

— Worldcoin (@worldcoin) December 6, 2023

Based on the trajectory, there’s an anticipation of a 3.25% increase in the price of Worldcoin over the upcoming month. Moreover, a target price of $3.88 is projected by January 25, 2024.

4. Cosmos (ATOM)

Cosmos has witnessed a price increase, marking a 31% uptick over the past year. Currently positioned above its 200-day simple moving average, the sentiment surrounding its price prediction leans toward bullish. Notably, it has experienced 15 positive trading days out of the last 30, accounting for 50% of its recent performance.

Despite the inflationary aspect, the project’s liquidity remains notably high, evidenced by its market capitalization. Notably, Cosmos has shown positive performance concerning its token sale price.

💥 2023 was a stellar year for #IBC

The number of IBC-enabled chains doubled from 53 to 107 – A testament to the @IBCProtocol growth!

As we keep pushing the boundaries of interoperability, join us for a rewind of 2023 and a glimpse of 2024 expansion 👇https://t.co/xoOOkqruNX

— Cosmos – The Interchain ⚛️ (@cosmos) December 22, 2023

However, it’s essential to consider its historical price trend, noting that its highest value since the last cycle low was $16.90, marking its cycle high. The Fear & Greed Index currently sits at 71, indicating a sentiment of greed within the market.

5. Jito (JTO)

JTO has been undergoing a resurgence recently. Jito currently boasts a circulating supply of 115.00M JTO out of a maximum supply of 1.00B JTO. Regarding rankings, it holds the 21st position among DeFi Coins and is third in the Solana Network sector. The coin’s liquidity is notably high, evident from its market capitalization.

On December 9, 2023, Jito reached its peak price of $4.42, marking its all-time high. However, its lowest recorded price is not available. Since it’s an all-time high, the lowest point observed is $2.25, identified as the cycle low. 

StakeNet is blending Validator History and Steward Programs for secure, transparent validator management.

StakeNet is autonomous, StakeNet is DeFi.

LFG!https://t.co/os2kp9rnOB pic.twitter.com/c42vJlVeYi

— Jito (@jito_sol) December 19, 2023

Meanwhile, the highest price following this cycle low was $2.94, the cycle high. Presently, the sentiment around Jito’s price prediction leans toward bearish. Similarly, the Fear & Greed Index indicates a level of 71, signaling a state of Greed among investors.

6. Meme Kombat (MK)

Meme Kombat emerges as a notable addition to the crypto landscape, demonstrating significant traction by amassing $4,563,830 in its ongoing presale, striving to reach a $5,000,000 target. The project distinguishes itself through a bespoke gaming platform tailored for enthusiasts.

We have passed the $4.5 million mark in the $MK presale!

Well done memers! pic.twitter.com/5qPR1eax55

— Meme Kombat (@Meme_Kombat) December 25, 2023

What separates Meme Kombat is its fusion of staking and betting mechanisms, providing users with a versatile platform to engage and garner rewards. Presently, 50% of the MK token supply is available in the presale at $1.667 per token, aiming to cap at $10 million. This approach markedly amplifies the utility of MK tokens within its user ecosystem.

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Furthermore, the project intends to list its tokens on a decentralized exchange. Allocating 10% of the overall supply for liquidity provision seeks to facilitate expedited token trading. This strategic decision, articulated in Meme Kombat’s whitepaper, underscores its dedication to fostering decentralized MK token trading.

7. WOO Network (WOO)

The WOO Network has seen a substantial price surge, hitting a high of $0.494663 from its last cycle low. Presently, the sentiment surrounding price prediction leans toward bullish. This coincided with a Fear & Greed Index reading of 71, indicating a state of greed among investors.

Notably, within the Exchange Tokens sector, WOO Network holds the #8 rank in terms of market capitalization. Key highlights of the WOO Network include a 310% increase in price over the past year. Additionally, it has surpassed the performance of both Bitcoin and Ethereum. 

We are excited to announce that WOO X Spot markets will move to a designated market maker model in January, to continue to diversify counterparties, improve liquidity, and accelerate listings.

With futures already on a DMM model, this will complete our move to a more…

— WOO X (@_WOO_X) December 21, 2023

Furthermore, its current trading status is above the 200-day simple moving average and exhibits positive performance concerning its token sale price. Moreover, over the last 30 days, the network has experienced 18 green days, constituting 60% of its recent trading history.

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• Source: https://insidebitcoins.com/news/7-best-altcoins-to-invest-in-right-now-december-26-woo-network-worldcoin-jito