Altcoins
The five best “discounted” altcoins with huge growth potential
Analysts pointed out that while Bitcoin and Ethereum have dominated the spotlight recently, history shows that once Bitcoin reaches a new all-time high and stabilizes, altcoins tend to rise. Although Bitcoin reached a new high before the halving event and is expected to rise higher, the broader crypto environment indicates that altcoins are poised for a sharp rise. Cryptocurrency analyst Altcoin Buzz took to his latest video and revealed the list of his “best high-conviction altcoins.”
Coin 1: Arbitrum
He said the first altcoin on his list is Referee (ARB). Arbitrum is an Ethereum scaling solution that has been making headlines recently. Additionally, it supports the existing Ethereum ecosystem, making migration or integration easier for developers and users. The recent approval of Ethereum ETF it has benefited Ethereum-based projects, including Arbitrum, by potentially bringing more liquidity.
Although the ARB is down 50% from its all-time high, this represents a large discount for medium to long-term investors. With recent updates and expansions, including the launch of the Alien
Coin 2: Tectum
Next up is Tectum (TET), a project known for its scalable, high-speed blockchain technology aimed at creating a smoother user experience. Tectum’s blockchain can process over 1 million transactions per second by storing on-chain hashes and transactions at lower levels, making the chain lighter and faster.
Recent updates in the Tectum ecosystem have set the stage for growth, and the listing of the TET token on BingX is expected to increase exposure and liquidity. The TET token is currently trading at $12.13, a bargain considering it is about 60% below its all-time high of $45, which represents a huge discount with growth potential.
Coin 3: Injective
The third altcoin on his list is Injective (INJ). Recently, there has been a lot of interest in AI and Big Data crypto coins like INJ. Injective’s price is recovering and network activity is increasing, which is a good sign for the health of the project. This is especially promising ahead of a potential bull run. Currently, INJ is trading at a discount, around 50% below its all-time high, making it a good buy before prices rise.
Coin 4: Manta Net
Next is Manta Network, which has had a good start in 2024. Manta Network offers fast transactions and low fees, making it great for building and deploying Solidity-based dApps. They recently launched CDY, combining CI and DeFi to maximize user returns. The token is currently trading at $1.83, significantly below its all-time high, making it a good investment opportunity.
Coin 5: Pyth Network
Finally there is Pito Network, a Solana-based project that serves as an Oracle solution. Collects and shares price data from exchanges, trading platforms and market makers. Pyth has the potential to challenge Chainlink, the leading oracle solution in the cryptocurrency industry. Although it is still under the radar and trading at a low price, this makes it a good time to invest.
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