Altcoins
Discover the next big cryptocurrency winners
The cryptocurrency market is calm, holding its breath for the next rally. Altcoins remain at attractive entry points, but are already showing early signs of an upward move. These digital assets are poised for substantial gains, suggesting explosive potential around the corner.
The landscape is ripe with opportunity, perfect for those looking for the next big crypto winners. This article reveals the best altcoin investments for 2024. Dive deeper to find out which coins are poised for a meteoric rise.
Get ready to discover the hidden treasures of the cryptocurrency world, which is set to grow in an extraordinary way.
Read also: How to Invest in Altcoins During the 2024 Bull Market and Ethereum ETF Boom?
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Solana (SOL) Poised for Potential Growth Despite Recent Volatility
Solana’s price action shows signs of resilience amidst market fluctuations. Currently trading between $159.43 and $197.36, SOL is above its short-term moving averages with a 10-day SMA of $176.96.
The nearest resistance at $210.22, if breached, sets the stage for a potential move up to $248.15. The coin’s one-month rise of nearly thirty-two percent and a six-month surge of nearly ninety-nine percent indicate strong upside momentum.
While the relative strength index at 44.11 signals a balanced market, Solana promises further gains, perhaps reaching a fifteen to twenty-five percent increase if the uptrend continues.
JasmyCoin: A Bullish Glimmer Amid Market Woes
JasmyCoin (JASMY) has weathered recent market slumps, showing resilience in a current range of $0.0269 to $0.0328. While recent weekly and monthly declines of around 11% look discouraging, a six-month historical increase of over 460% suggests solid recovery potential.
With support levels at $0.0234, the bulls seem ready to defend aggressively. If it breaks the resistance at $0.0353, a move up to $0.0413 is highly feasible, marking a potential increase of over 25%.
With bulls showing signs of strength amidst market volatility, JasmyCoin could be poised for another growth spurt as the broader cryptocurrency market stabilizes.
Arbitrum (ARB) Poised for Potential Upside Despite Recent Declines
Arbitrum (ARB) is currently trading between 75 cents and 83 cents, showing a 4.89% increase over the past week. The price is approaching the first resistance at 86 cents, indicating potential bullish momentum.
The RSI near 64 and Stochastic at 84 suggest that ARB is approaching an overbought area but has not yet broken it, suggesting that there may be more room for growth. If the bulls break above 86 cents, the next target is 95 cents, which would represent an increase of about 14% from the upper range of its current price.
After a decline of more than 50% in the last six months, recent positive trends highlight a possible upward trend.
Toncoin Shows Promising Signs Despite Latest Altcoin Drops
Toncoin price is currently trading between $6.90 and $7.55, which suggests a mix of weak bulls and rather strong bears. The nearest resistance level is at $7.93, while the nearest support is at $6.62.
The price changes over the past week show a decline of around 9%, while the past month saw a decline of almost 6%. Interestingly, over the past six months, Toncoin has increased by over 227%. With the RSI at 43.17 and the 10-day moving average close to the current price, Toncoin still has upside potential.
If it breaks above the resistance of $7.93, it could target $8.58, which represents a potential increase of around 18%.
Conclusion
While coins like SOL, JASMY, ARB, and TON show less short-term potential, CYBRO offers unparalleled opportunities for investors. CYBRO stands out for its AI-powered yield aggregation on the Blast blockchain.
Investors benefit from lucrative staking rewards, exclusive airdrops, and cashback on purchases. The platform prioritizes seamless deposits and withdrawals, along with transparency, compliance, and quality.
CYBRO has attracted strong interest from influencers and crypto whales, making it a promising project for 2024.