Altcoins
List of strong altcoins to stack before the bull run
The cryptocurrency market is known for its volatility, but expert analysts know how to spot the potential in the chaos. One of these analysts of Selected investments recently brought to attention a selection of altcoins that show resilience and potential for rapid growth once market sentiment changes. Here’s a detailed breakdown:
Identifying Resilient Altcoins
Livepeer: Livepeer is a decentralized video streaming platform. Although it is not in the analyst’s portfolio, it has been talked about due to its recent performance.
Notcoin: Notcoin, a gaming token on the TON blockchain, has gained considerable popularity in recent weeks, demonstrating the potential of blockchain-based gaming assets.
Altcoins founded
Render: Render, a decentralized GPU rendering network, saw its price drop below $8, but quickly rebounded 15% in 24 hours. This rapid recovery shows its strength in the current market. The analyst notes that Render is a leader in the AI space and suggests keeping an eye on it for further growth.
Fetch.ai: Fetch.ai, a blockchain platform powered by artificial intelligence and machine learning, also rose 15% in the past day, showing strong performance amid market fluctuations.
Injective Protocol: Injective, a decentralized derivatives trading platform, has maintained its bullish trajectory, gaining 15% in the past 24 hours and showing resilience even during broader market declines.
Uniswap: Uniswap, a leading decentralized exchange, has seen a good rebound, reflecting investor confidence and strong trading activity.
Pendle and Ondo: Both Pendle and Ondo are tied to the Ethereum narrative, specifically upcoming Ethereum spot ETFs. Ando also has ties to the RWA narrative through BlackRock, positioning it well for future growth.
AI and Gaming sectors
Akash Network: Akash, a decentralized cloud for GPU computing, lags behind Render. The analyst points out that Akash could represent an opportunity for AI bulls, given its current underperformance compared to Render.
Gaming tokens
While the gaming sector is not seeing major rebounds, notable mentions include Notcoin and Metal (MTL). The analyst believes the gaming sector will eventually peak again, but advises caution until clearer signs of a recovery emerge.