While the prices of key cryptocurrencies are in sideways movement, investors are switching to these altcoins

The presale is going through its final stage, so the token can still be purchased at a low cost of $0.279. After the presale, the first season will kick off, featuring battles and leaderboards. Token Features:

• New types of battles, rewards and earning opportunities will be introduced later.
• APY passive income reaches 109%.
• The meme project is characterized by transparency, as the creator decided not to remain anonymous.

eTuKTuk

The eTukTuk (TUK) platform is designed to help drivers in developing countries move away from internal combustion engines and towards zero-emission vehicles. This is done with the aim of cleaning up the environment from CO2.

To maximize accessibility, the crypto application operates on two networks at once: Cardano and Binance Smart Chain. This approach reduces commissions for users, thereby attracting more drivers into the ecosystem.

TUK, eTukTuk’s own token, will be used to support the project. Its utility is that it will generate revenue for holders and help accelerate the transition to electric vehicles.

Since the start of the pre-sale, eTukTuk has raised over $900k. The coin is being sold at a discounted price of $0.0265. However, the value will increase in price as the presale progresses through the stages and will reach $0.033 at the end. Benefits:

• Token holders can send TUK to staking at 232% per year.
• Partners of eTukTuk will receive rewards for transactions processed in the app.
• A game with an earnings mechanism will be released as another way to receive TUK.

When the bull market will start – expert forecasts

According to the MVRV technical indicator, the price of Bitcoin (BTC) is in a significant bullish growth phase. This forecast was shared by trader Gaah. MVRV, measured by the 30-day moving average, has reached a new two-year high. The last time bitcoin was close to level 2, as it is now, it traded above $50,000 (in December 2021). The report points out that historically, the point on the chart where MVRV currently sits marked a local price high. This was before the start of a strong bull market.

MVRV is a technical analysis indicator that relates market value to realized value. This metric assesses whether the price of an asset is high or low compared to recent investor action.

A report published by CriptoQuant notes that as MVRV increases in value, it leads to increased selling pressure. This partially explains bitcoin’s 20% drop from $49,000, the highest price in more than two years, reached a month ago.

Trader Gaah said the halving, which will occur in less than three months, is a strong positive catalyst for the market. Moreover, historically, this event has been the driving force behind the bullish rally. Thus, a cryptocurrency rally can be expected around April/May.

Summary

To summarize, there are three key points when investing:

• One way to get a new coin is to participate in pre-sales. Teams of such projects offer a certain percentage to sell to early investors at a low cost.
• Before investing in new altcoins, it’s important to make sure they have some utility. Without intrinsic value, the growth in value will not be sustainable, and the coin could fall as quickly as it rose. Additionally, a lack of utility means that the coin won’t last long in the market.
• To get an idea of the new cryptocurrency, you will need to read its technical document, which details everything about the project: its tokenomics, what you can expect from the platform in the future in terms of development.