Altcoins
Altcoins with 10,000% Potential Can Benefit from Altcoin Season
The leader in the capitalization of cryptocurrencies, Bitcoin (BTC-USD), offers thousands of token alternatives with lower trading volumes and greater growth prospects. These coins have hundreds of times less market dominance but, if used correctly, can turn an ordinary trader into a multi-millionaire.
Altcoins saw a decline of approximately 70% against bitcoin between March and May 2024. The prolonged market downturn coincided with the weak performance of digital assets led by Ethereum (ETH-USD). This coin could drive up the prices of other altcoins ahead of the possible approval of a spot ETH ETF in the coming days. The Securities and Exchange Commission (SEC) has not yet made a decision. However, news after May 24 could wake the market from its three-month slumber.
Buying altcoins with 10,000% potential is a choice for the brave and confident, as such gains may be possible by investing during the market correction. However, the result may meet the highest expectations, since such an investment will be similar to buying BTC in early 2020.
Omni Network (OMNI-USD)
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The heavyweight of the modern crypto industry, Ethereum (ETH-USD), has its drawbacks. It evolves through isolated execution environments (rollups), leading to increasing fragmentation of the ecosystem. THE Omni network (OMNI-USD) connects disparate rollups to ensure that the blockchain structure remains intact and operations are uninterrupted. Before this innovative solution, the dispersion of developers led to economic losses and the inability to create applications that went beyond a simple roll-up. The project attempts to grow in several directions while engaging in multiple initiatives. These are EigenLayer, Sushi, Injective Protocol, Arbitrum, Flow, Optimism and Mantle.
OMNI’s release coincided with a period of market correction, which caused its price to decline for almost two months. After the listing, investors began active selling, negatively affecting the token. However, this series of events, coupled with the youth of the token, led it to the list of altcoins with 10,000% potential. The drop from $54.24 to $14 created a springboard for the coin, which still holds 89.4% of all frozen tokens. Once the general market downturn ends, the impact of listing on Coinbase, KuCoin, Binance and Crypto.com will be fully felt. Strategic measures, such as the token’s participation in the Genesis staking program, gradually reduce the number of OMNI in circulation, ultimately leading to a multiple increase in the token’s exchange rate.
Core (CORE-USD)
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Heart (CORE-USD) is synonymous with innovation because it did not choose the standard consensus method but came to use Satoshi Plus. It combines proof of work (PoW) and delegated proof of stake (DPoS) to ensure the security of Bitcoin (BTC-USD) network and maintain the democratic and evolving character of the system. The project recently developed the Bitcoin-to-EVM HTLC atomic swap protocol and simplified cross-chain exchanges between the core network and Bitcoin.
More … than 20 million dollars bitcoins are placed on the platform, as it provides staking services for this token. However, the connection with the leading cryptocurrency is not the project’s only partnership. Cooperation with Alchemy Pay has brought seamless fiat-to-crypto and crypto-to-fiat transactions to the core ecosystem. Fifty fiat currencies and 300 payment methods facilitate the entry of new users and spread the fame of the project. Joint work with Full Force led to the creation of the Community Incubation Launchpad on Core Chain. Launching new blockchain projects has become easier and faster, exactly what crypto startups need in an era of active market growth.
This token can also be considered as one of the altcoins with 10,000% potential based on its trading performance. He was 15 months since its appearance on the stock exchanges and has already shown jumps from $0.34 to $6.47. The jump to a local high of $3.77 replaced a plateau period from mid-2023 to March 2024. The price then quadrupled in less than a week. Like most cryptocurrencies, CORE is currently undergoing a correction, but its high technology, utility and modernity can make it reach new heights at any time.
Fetch.ai (FET-USD)
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As the name suggests, Recover.ai (FET-USD) has embarked on the path of developing artificial intelligence and uses it in the interests of the decentralized digital economy. Since 2017, the project has created decentralized and open-access machine learning networks and managed to attract corporate giants such as Bosch, Deutsche Telekom and Festo to its developments. Integrating AI into solving real-world problems leverages blockchain to make applications and services more reliable and secure.
Integration with Chain link (LINK-USD) opened new horizons for the project and Fetch.ai gained access to accurate data from thousands of sources. Fetch’s AI agents use Chainlink’s network of oracles to expand capabilities in decentralized finance (DeFi), supply chain management, and other areas.
The coin has joined the ranks of other altcoins with 10,000% potential thanks to the successful fusion of blockchain and artificial intelligence, reflected in the project’s market performance. Due to its focus on AI, FET adopted bullish sentiment earlier than most tokens and showed steady growth as early as February 2024. After reaching the ATH ($3.47) in March, the token fell to $1.8 to $2.7. Renowned traders and analysts such as Captain Faibik And @rektcapital predict that FET will rise in May and cross the previous maximum price line.
On the date of publication, Julia Magas did not hold (neither directly nor indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publishing Guidelines.
Julia Magas is a writer who covers the latest trends in finance and technology. His work is published in a number of financial media outlets such as Nasdaq, Cointelegraph, Investing, SeekingAlpha, FXEmpire and Beincrypto. It mainly covers cryptocurrency and blockchain technology with a focus on market performance, innovations and trends.