Altcoins
Top 3 Discounted Altcoins With Huge Potential in 2024
Most altcoins struggled this quarter, and aside from Ethereum, Solana, and some meme coins, others performed poorly. However, according to Altcoin Buzz analyst, Within these complexities, there are often opportunities. When market sentiment for altcoins is negative, which is currently the case, many strong projects experience price declines driven by market conditions rather than their own fundamentals. He listed three altcoins that have a chance to explode in 2024.
Part 1: Follow
Sui’s price has dropped by around 65% in the last three months. It also benefits from a loyal community with a high staking percentage, surpassing even Cardano. Additionally, Sui has managed to absorb the selling pressure of a major token unlocked 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.
Exhibit 2: Akash Network
Akash Network Akash GPU 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 declined by about 40%. Despite this decline, demand for powerful Nvidia chips like the H100 and A100, crucial for AI applications and cryptographic protocols, remains strong. This demand explains the Akash GPU market, suggesting that the recent price drop could present a buying opportunity.
Part 3: Astar
Astar enables multi-chain smart contracts, allowing integration into the Polkadot and EVM ecosystems. Despite a difficult market, Astar has performed relatively well over the past year, but has seen a 60% decline in the last 90 days. Astar uses Polygon’s ZK EVM to maintain compatibility with Ethereum, providing access to more ETH liquidity and better pricing for trading and DeFi applications.
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