Best Altcoins to Invest in Today, Feb 18 – Maker, Monero, Bitget Token
Highlights:
- The best altcoins to invest in today are Maker, Monero, and Bitget Token, with bullish trends.
- Both Maker and Monero have given breakout on key levels, suggesting further jumps in the coming weeks.
- The supply reduction mechanism and exchange dominance place Bitget Token for further growth in the long run.
Crypto prices continue to bleed in red as the global market cap declines to $3.13 trillion. Despite the downturn, the 24-hour trading volume has surged by 40% to $97 billion, indicating increased market activity. Moreover, the fear and greed index remains at $38, suggesting a fear sentiment in the market.
Amidst the bearish sentiment, Bitcoin is still consolidating around the $95k region while major altcoins undergo significant drops. Altcoins such as Solana and XRP have recorded 3-8% declines, solidifying the bearish trend. As price dips are seen as better opportunities to enter the market, here is a look at the best altcoins to invest in today, such as Maker, Monero, and Bitget Token.
Best Altcoins to Invest in Today
1. Maker (MKR)
Maker has displayed an explosive journey today, surging by more than 10% in the past 24 hours. At press time, MKR is exchanging hands at $1,098, reversing the weekly decline to an 11% increase. Despite the bullish resurgence, Maker remains 20% down on the monthly chart. Additionally, its market cap and trading volume have surged to $916 billion and $127 million, respectively.
MKR has successfully broken out of its descending channel, signaling potential bullish momentum. The breakout comes after a prolonged downward trend, making this a key technical development. Crypto analyst World of Charts predicted a 40-45% rally if MKR clears its crucial resistance. Currently, the token is showing strong price action above the resistance level.
$Mkr #Mkr Breaking Crucial Resistance https://t.co/b5NTaKhFwx pic.twitter.com/GFMqjG1usT
— World Of Charts (@WorldOfCharts1) February 18, 2025
With a breakout confirmed, MKR could see the aforementioned surge soon. The price action suggests growing investor confidence in the asset, making it one of the best altcoins to invest in today.
2. Monero (XMR)
Monero is trading at $234, up by 0.85% in the past 24 hours. The altcoin has surged by 5% and 9% on the weekly and monthly charts, respectively. Furthermore, its market cap and trading volume have climbed to $4.32 billion and $72 million, respectively.
Monero has surged over 50% after breaking a two-year resistance level. Crypto analyst DOM highlighted this trend, stating that XMR remains one of the best-looking charts. The price recently cleared the $177 level, signaling strong bullish momentum.
$XMR update
Posted about this chart every few months over the last year and it's played out perfect with +50% so far
It's actually one of the best looking charts in crypto right now…
As long as current structure stays in tact, $250+ coming sooner than later IMO https://t.co/aRNO6QuRFC pic.twitter.com/iSGVzjKcds
— Dom (@traderview2) February 18, 2025
If the structure holds, XMR could soon surpass $250. The breakout reinforces its position among the best altcoins to invest in today. The analyst has highlighted the $273 mark as the next target, with long-term potential looking strong.
3. Bitget Token (BGB)
Bitget Token has been trading on a descending channel over the past month after failing to hold above the $7 key mark. The bears have pushed the price to $5 levels, recording declines of 20% and 25% on the weekly and monthly charts. At press time, the altcoin is trading at $5.07, up by 2.60% in the past 24 hours. It has a market cap and trading volume of $6.08 billion and $370 billion, respectively.
Crypto analyst DOM predicts Bitget’s BGB token will reach $10 in Q1 2025. The exchange recently burned 40% of its supply, removing 800 million tokens worth $5 billion. Additionally, quarterly buybacks using 20% of profits are set to reduce supply by around 5% annually.
$BGB will hit $10 in Q1 2025
Reason:
1. @bitgetglobal destroyed 40% of $BGB supply (800M tokens worth $5B) in December 20242. Quarterly buybacks using 20% of exchange and wallet profits will reduce circulating supply by ~5% annually
3. @bitgetglobal monthly capital inflow… pic.twitter.com/EeFQf3Sx5h
— CryptoPunker (@Crypto_Fans_ETH) February 16, 2025
Bitget is also experiencing strong capital inflows, with $1.6 billion recorded monthly. It leads centralized exchanges in Bitcoin derivatives, holding a 35% market share. These factors make BGB one of the best altcoins to invest in today, with supply reduction and market dominance driving potential growth.
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Raymond Munene
Raymond Munene is a crypto content writer who contributes to Crypto2Community. With over three years of experience, he is interested in Bitcoin, Blockchain, and Technical Analysis. Focusing on daily market analysis, his research helps traders and investors alike. His particular interest in cryptocurrency and blockchain aids his audience.
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