The three major altcoins set to skyrocket

Explosive earnings ahead: Concern is growing over a potential further decline in the price of Bitcoin. On June 26, the price of Bitcoin fell to $61,000, further alerting investors. Analyst Altcoin Buzz took to his latest analysis and asked “Are we on the verge of a bigger crash than the price of Bitcoin?” Meanwhile, he said three altcoins appear poised for bigger rises and have huge potential.

Coin 1: Ondo

The analyst speculated that Ondo may soon experience a price rally. This follows earlier expectations that Ondo would hit a new all-time high and dominate the market after its price hit $1.48 on June 3. Contrary to these predictions, Ondo’s price has since fallen 18% from its peak. For Ondo, recent developments indicate that a bullish prediction may come to fruition.

Currently, Ondo’s realized capitalization is $1.15 billion. This metric is critical for identifying regions of accumulation and distribution. If the realized capitalization is higher than the market capitalization, it generally signals a potential decline in prices. At the moment, Ondo’s market capitalization is $1.7 billion, indicating that the lower realized capitalization supports a bullish outlook for the price.

Coin 2: Protocol close

Near Protocol, launched in 2018, is gaining traction with its growing network activity in the first half of the year. Recent data suggests that Near is on the verge of a breakthrough in user adoption and public attention. The growing network activity is also reflected in the volume of assets entering versus leaving the network. Sustained net bridging inflows generally indicate growing user confidence and optimism in the future of the network.

Coin 3: Sui

Sui, a layer 1 blockchain, recently partnered with Copper, a leader in digital asset custody. Copper’s expertise is expected to streamline asset management and security on Sui, starting with native tokens such as the Ando USD Yield (USDY) stablecoin. This partnership aims to address the specialized needs of institutional finance, including efficient treasury operations and the expansion of financial activities within the blockchain.

Source