Altcoins
Top 3 Discounted Altcoins With Huge Potential In 2024
Most altcoins have struggled this quarter, and aside from Ethereum, Solana, and a few meme coins, others have performed poorly. However, according to Altcoin Buzz Analyst, Within these complexities, there are often opportunities. When market sentiment for altcoins is negative, which is the case now, many strong projects experience price drops driven by market conditions rather than their own fundamentals. He provided a list of three altcoins that have a chance to explode in 2024.
Coin 1: On
Sui has seen a price drop of about 65% in the past three months. It also boasts a loyal community with a high percentage of staking, even surpassing Cardano. Additionally, Sui has successfully absorbed selling pressure from a major token unlock earlier this spring. The project is also involved in academic research, offering $500,000 in Sui for research awards and grants. Despite the recent price drop, Sui’s fundamentals remain bullish, making the current price of around $0.79 an attractive entry point.
Coin 2: Akash Network
Akash Network It was a market favorite from mid-2022 until a few months ago, rising 30x from a low of $0.20 in June 2022 to over $6 in March 2024. However, it has since fallen by about 40%. Despite this decline, demand for powerful Nvidia chips such as the H100 and A100, which are crucial for AI applications and cryptographic protocols, remains strong. This demand explains the Akash GPU market, suggesting that the recent price decline could present a buying opportunity.
Coin 3: Astar
Astar enables multi-chain smart contracts, allowing integration into the Polkadot and EVM ecosystems. Despite a challenging market, Astar has performed relatively well over the past year, but has seen a 60% decline in the past 90 days. Astar uses Polygon’s ZK EVM to maintain compatibility with Ethereum, providing access to greater ETH liquidity and better pricing for trading and DeFi applications.
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