Expert Names 3 Altcoins With Huge Potential For Big Rally

Cody Buffinton, host of the popular cryptocurrency YouTube channel Altcoin Buzz, highlights the top three altcoins poised for big gains, including Ondo (ONDO), Near Protocol (NEAR), and Sui Network (SUI).

The industry commentator disclosed the list in a YouTube video video published on June 27, 2024, stating that altcoins have huge potential for significant upside.

Wave (WAVE)

At the top of the list is ONDO, the governance token of Flux Finance and Ondo DAO. Specifically, Ondo is a Coinbase-backed securities tokenization platform that combines blockchain technology with real-world assets (RWA).

According to Cody, several investors had predicted a bullish rally for ONDO after its price hit an all-time high (ATH) of $1.48 on June 3. However, ONDO price has plunged 23.12% from its all-time high and is currently trading at $1.14.

In particular, the expert said that recent developments suggest that ONDO may be on track to surpass its previous ATH. Specifically, he noted that ONDO’s realized cap metric, which identifies areas of distribution and accumulation, was sitting at $1.15 billion during the video.

He added that if the metric exceeds the market cap, it indicates a potential price decline and vice versa. With a market cap of $1.7 billion, Cody said that ONDO could be ready for a price surge. Meanwhile, ONDO is ranked as the 53rd largest cryptocurrency by market cap.

Nearby Protocol (NEAR)

According to cryptocurrency expert, NEAR is the second altcoins ready for a stunning rally. For context, NEAR is the native token of Near Protocol, a Layer-1 blockchain launched in 2018. The platform allows developers to build and launch decentralized applications (dApps).

He said that Near Protocol has gained significant attention in the first half of 2024 due to its increased network activities. This is reflected in Near Protocol’s peak TVL, which has risen from $90 million in January to $324.5 million this month.

Cody also said that the network’s transaction volume has been growing rapidly since the beginning of this year. He speculated that Near Protocol’s growing network activity indicates that the project is seeing more inflows than outflows. He characterized this development as continued user optimism and confidence in the cryptocurrency.

At press time, NEAR is trading at $5, down 2.7% on the day. The coin boasts a market cap of $5.47 billion, making it the 20th largest cryptocurrency.

On (ON)

The third and final asset on Cody’s list of altcoins poised for a rally is SUI, the flagship token of the popular layer-1 blockchain Sui. The YouTuber highlighted the recent strategic partnership with digital asset custody provider Copper as a catalyst for SUI’s potential rally.

“With Copper’s custody solution already up and running for Sui’s native tokens, the platform is set to broaden its appeal to institutional clients seeking secure and compliant services,” Cody noted.

At the time of writing, SUI is trading at $0.7978, reflecting a 3.62% daily decline. The coin is also ranked as the 47th largest cryptocurrency, with a market cap of $1.93 billion. Despite Cody’s recommendation, it is crucial to conduct due diligence on the above-mentioned tokens before investing.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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