Altcoins
Top Undervalued Altcoins to See 10X Increase in 2024!
With a steady increase in price volatility, the cryptocurrency market continues to see mixed sentiment, with major tokens continuing to struggle to maintain their respective value above their crucial support levels. While mid-cap and small-cap tokens have seen a significant uptrend.
Scroll down because in this article we have covered the market sentiment, price analysis and short-term price targets of 3 altcoins that have the potential to see up to 10x gains this year.
ALEX price records strong bullish reversal:
ALEX price continued to trade under a bullish influence adding 88.59% to its portfolio over the past day with a trading volume of $51.43 million, a change of +1,279%. Furthermore, it has increased by 130.85% over the past seven days and by about 49% over the past 30 days.
TradingView: ALEX/USDT
The Moving Average Convergence Divergence (MACD) shows a sharp increase in its green histogram, indicating an increase in buying-selling pressure in the cryptocurrency space. Furthermore, its averages are showing a bullish trend, suggesting that the price will continue to gain momentum.
If the market continues to trade with a bullish sentiment, Alex coin price has the potential to see a surge of up to 3 times during Q3. Moreover, it is trading at a discount of 74.34% from its previous ATH, highlighting a positive outlook in the long-term perspective.
SPECTRUM AI (SPECTRUM):
Built on the Ethereum chain, Specture AI was launched on November 14, 2023. SPECTRE AI is a revolutionary project that is currently working on creating an all-in-one blockchain prediction tool for Telegram and dApps.
With a trading price of $1.63, a circulating supply of 9,093,998 tokens, and a total supply of 10,000,000 SPECTRE tokens, it has successfully secured the 866th position in the global cryptocurrency ranking with a market capitalization of $14,726 million.
Despite seeing a neutral trend over the past 24 hours, SPECTRE price has added 17.72% to its portfolio over the past week and 17.30% over the past month. Furthermore, this altcoin has rewarded its long-term investors with a YTD return of 3,481%.
OctaSpace (OCTA):
Despite the increasing selling pressure, OCTA price has jumped about 4% in the last day with a trading volume of $1.025 million. Furthermore, it has jumped 19.12% in the last day and 25.95% in the last month and has a YTD of +231.42%.
TradingView: OCTA/USDT
The relative strength index (RSI) continues to hover near its overbought range and is on the verge of testing it again, indicating increased buying pressure in the cryptocurrency market.
On the other hand, the SMA indicator has been sloping upwards in its 1D time frame, suggesting a positive outlook for OCTA price in the coming weeks.
If the market pushes OctaSpace price above its resistance level of $2.40, the bulls will regain momentum and prepare to test its upper resistance level of $3. However, if the bears regain momentum, OCTA cryptocurrency will fall towards its lower support levels.