Convergence

Solana

Jupiter

Manta Network

Altcoins To Buy: Certain altcoins emerge as beacon lights for potentially high returns as the cryptocurrency market navigates through volatility. Among these, Solana (SOL), Jupiter (JUP), and Manta Network (MANTA) stand out for their unique value propositions and recent performances. Despite facing market corrections, these cryptocurrencies showcase resilience and growth potential, making them attractive options for investors seeking to diversify their portfolios with altcoins poised for significant gains.
<h2 id="strong-is-solana-the-best-altcoin-to-buy-today-amidst-market-fluctuations-strong">Is Solana The Best Altcoin To Buy Today Amidst Market Fluctuations?</h2>
Solana has recently displayed several negative indicators on its daily chart. This development comes after it peaked at a seven-day high of $106. Despite its impressive 660 percent surge previously, making it one of the standout altcoins, its current trajectory looks bleak. <a href="https://coingape.com/price/solana/%5C" rel="noopener noreferrer nofollow">Solana</a> is trading at $97.08, significantly declining over 5% in the last 24 hours. With a market capitalization of $42 billion, SOL is the fifth-largest cryptocurrency, yet this number belies the coin’s recent 11% increase, which marks it as a leading altcoin.
Solana’s price has oscillated between $90 and $106 for more than two weeks, signaling a period of stagnation in the cryptocurrency market. This was further compounded by the cross Exponential Moving Average 50/200 exhibiting a death cross, leading to SOL breaking below its critical support level. Despite this, the four-hour Moving Average Convergence Divergence (MACD) indicator shows short-term bearish pressure, with histograms pointing to a negative trajectory.
<figure id="attachment_177989" aria-describedby="caption-attachment-177989" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/02/VjdGNYlK-1.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-large wp-image-177989" src="https://coingape.com/wp-content/uploads/2024/02/VjdGNYlK-1-1224x643.png" alt="Altcoin to Buy" width="1224" height="643" srcset="https://coingape.com/wp-content/uploads/2024/02/VjdGNYlK-1-1224x643.png 1224w, https://coingape.com/wp-content/uploads/2024/02/VjdGNYlK-1-300x158.png 300w, https://coingape.com/wp-content/uploads/2024/02/VjdGNYlK-1-768x403.png 768w, https://coingape.com/wp-content/uploads/2024/02/VjdGNYlK-1-1536x807.png 1536w, https://coingape.com/wp-content/uploads/2024/02/VjdGNYlK-1-150x79.png 150w, https://coingape.com/wp-content/uploads/2024/02/VjdGNYlK-1.png 1815w" sizes="(max-width: 1224px) 100vw, 1224px"></a>
 <figcaption id="caption-attachment-177989" class="wp-caption-text">
 SOL/USD price chart: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/VjdGNYlK/">TradingView</a>
 </figcaption>
</figure>
Solana’s future trajectory hinges on maintaining support levels above $90. If it succeeds, there’s potential for a bullish resurgence, possibly challenging the $99.00 resistance, making it the best altcoin to buy. Conversely, failure to stay above $90 could see a loss in momentum, risking a drop to the vital $80.19 support level in the coming week.
<h2 id="strong-jupiter-s-record-trading-volume-a-sign-of-growing-strength-strong">Jupiter’s Record Trading Volume: A Sign of Growing Strength?</h2>
<a href="https://coingape.com/jupiter-exchange-why-jup-token-creating-buzz/" rel="noopener noreferrer nofollow">Jupiter</a>, the leading DeFi platform within the Solana ecosystem, has experienced a remarkable surge in <a href="https://coingape.com/binance-to-list-solana-based-jupiter-as-trading-volume-hits-630-mln/" rel="noopener noreferrer nofollow">trading volume,</a> reaching $1.38 billion in the past day. This represents a significant increase of over 331%, a milestone that follows closely on the heels of a successful airdrop and the launch of its new token. The platform’s trading activity has doubled its usual volume, positioning Jupiter as the most sought-after platform.
<figure id="attachment_178001" aria-describedby="caption-attachment-178001" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/02/JUPITER.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-large wp-image-178001" src="https://coingape.com/wp-content/uploads/2024/02/JUPITER-1224x643.png" alt="Altcoins To Buy" width="1224" height="643" srcset="https://coingape.com/wp-content/uploads/2024/02/JUPITER-1224x643.png 1224w, https://coingape.com/wp-content/uploads/2024/02/JUPITER-300x158.png 300w, https://coingape.com/wp-content/uploads/2024/02/JUPITER-768x403.png 768w, https://coingape.com/wp-content/uploads/2024/02/JUPITER-1536x807.png 1536w, https://coingape.com/wp-content/uploads/2024/02/JUPITER-150x79.png 150w, https://coingape.com/wp-content/uploads/2024/02/JUPITER.png 1815w" sizes="(max-width: 1224px) 100vw, 1224px"></a>
 <figcaption id="caption-attachment-178001" class="wp-caption-text">
 JUP/USD price chart: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/0x5g7O2N/">TradingView</a>
 </figcaption>
</figure>
<a href="https://coingape.com/solana-based-jupiter-to-debut-post-airdrop-buzz-price-to-rally/" rel="noopener noreferrer nofollow">Jupiter </a>trading price is currently at $0.5823, which marks a 16% reduction from its initial offering price. Despite this dip, the platform boasts a market capitalization of $786 million and a fully diluted valuation reaching $6 billion. At its launch, about 1.35 billion tokens were circulating, accounting for 13.5% of its total token supply of 10 billion.
<h2 id="strong-will-manta-price-hit-5-level-by-next-week-amid-market-correction-strong">Will MANTA Price Hit $5 level By Next Week Amid Market Correction?</h2>
The Manta Network’s valuation has experienced a modest decline, dipping by 3% in the last day to a current price of $3.14. This drop was accompanied by a 12% decrease in trading volume, surprising several market participants. Despite this recent downturn, perpetual traders remain engaged with the Manta Network’s price fluctuations. Optimistic investors are still eyeing potential profits, maintaining a positive outlook even after this recent pullback. Over the previous month, MANTA has notably ascended by more than 38%, positioning itself as a prime altcoin for investors today.
<figure id="attachment_178002" aria-describedby="caption-attachment-178002" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/02/MANTA.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-large wp-image-178002" src="https://coingape.com/wp-content/uploads/2024/02/MANTA-1224x643.png" alt="Altcoin to Buy" width="1224" height="643" srcset="https://coingape.com/wp-content/uploads/2024/02/MANTA-1224x643.png 1224w, https://coingape.com/wp-content/uploads/2024/02/MANTA-300x158.png 300w, https://coingape.com/wp-content/uploads/2024/02/MANTA-768x403.png 768w, https://coingape.com/wp-content/uploads/2024/02/MANTA-1536x807.png 1536w, https://coingape.com/wp-content/uploads/2024/02/MANTA-150x79.png 150w, https://coingape.com/wp-content/uploads/2024/02/MANTA.png 1814w" sizes="(max-width: 1224px) 100vw, 1224px"></a>
 <figcaption id="caption-attachment-178002" class="wp-caption-text">
 MANTA/USD price chart: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/6otRuoWm/">TradingView</a>
 </figcaption>
</figure>
Moreover, the Manta Network has emerged as one of January’s standout performers. Currently, however, the <a href="https://coingape.com/manta-price-jumps-62-after-the-successful-manta-network-launch/" rel="noopener noreferrer nofollow">MANTA</a> exhibits a bearish trend. The price movement has pushed the cryptocurrency beyond the limits of its previously ascending parallel channel. The Moving Average Convergence Divergence (MACD) and the Awesome Oscillator (AO) indicators signal caution, with their histogram bars trending into negative territory.
In an optimistic scenario where market sentiment turns favorable, the <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/manta-network/">Manta Network’s</a> price has the potential to surge. A bullish wave could propel the value to the upper threshold of $4.00, marking a significant 30% increase from its current standing. This rise would account for an impressive 50% gain from present levels, potentially exerting additional upward pressure on MANTA’s price.
Related Articles
<ul>
 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/solana-dex-jupiter-unveils-more-jup-token-airdrops-jup-price-jumps-25/" rel="noopener noreferrer nofollow">Solana-Based Jupiter Unveils More JUP Airdrops Amid WEN Meme Coin Hype</a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/binance-to-list-solana-based-jupiter-as-trading-volume-hits-630-mln/" rel="noopener noreferrer nofollow">Binance To List Solana-Based Jupiter As Trading Volume Hits $630 Mln</a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/markets/top-3-altcoins-to-buy-today-january-31-ethereum-eth-xrp-dogecoin-doge/" rel="noopener noreferrer nofollow">Top 3 Altcoins To Buy Today January 31: Ethereum (ETH), XRP, Dogecoin (DOGE)</a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/markets/solana-price-prediction-as-sol-plummets-5-in-24-hours-will-bears-push-it-to-75/" rel="noopener noreferrer nofollow">Solana Price Prediction: As SOL Plummets 5% In 24 Hours, Will Bears Push It To $75?</a></li>
</ul>
&nbsp;
The post <a href="https://coingape.com/markets/top-3-altcoins-to-buy-today-february-1-solana-sol-jupiter-jup-manta/" rel="noopener noreferrer nofollow">Top 3 Altcoins To Buy Today February 1: Solana (SOL), Jupiter (JUP), MANTA</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Top 3 Altcoins To Buy Today February 1: Solana (SOL), Jupiter (JUP), MANTA

Table of Contents

Coingape News Media

Other articles published on Feb 1, 2024

Solana: Waning NFT and network activity, while SOL is…

4 tokens to buy for 25x Profits in February 2024

FTX to Repay Creditors but Not Restart Exchange: Lawyer

USDT Issuer Tether Achieves Whopping $2.9B Net Profit in Q4 2023

FTX Clawback: A Founder Continues to Hold $500M Received from SBF

Tether (USDT) makes almost $3 billion in quarterly profits

Join our free newsletter for daily crypto updates!