Altcoins
Top Five “Discounted” Altcoins with Massive Growth Potential
Analysts pointed out that although Bitcoin and Ethereum have dominated the spotlight recently, history shows that once Bitcoin hits a new all-time high and stabilizes, altcoins tend to rise. Although Bitcoin hit a new high ahead of the halving event and is expected to climb higher, the broader crypto environment indicates that altcoins are poised for a major surge. Cryptocurrency Analyst Altcoin Buzz took to his latest video and revealed the list of his “best high conviction altcoins”.
Exhibit 1: Arbitration
He said the first altcoin on his list is Arbitration (ARB). Arbitrum is an Ethereum scaling solution that has been making waves recently. Additionally, it supports the existing Ethereum ecosystem, making migration or integration easier for developers and users. The recent approval of Ethereum ETF has benefited Ethereum-based projects including Arbitrum, potentially bringing more liquidity.
Although ARB is down 50% from its all-time high, this presents a significant discount for mid- to long-term investors. With recent updates and expansions, including the launch of the Alien X pool and leveraging AI technology, Arbitrum is poised for growth.
Room 2: Tectum
Next up is Tectum (TET), a project known for its high-speed and scalable blockchain technology aimed at creating a smoother user experience. Tectum’s blockchain can process over a million transactions per second by storing on-chain hashes and transactions at lower levels, making the chain lighter and faster.
Recent updates to the Tectum ecosystem have paved the way for growth, and the listing of the TET token on BingX is expected to increase exposure and liquidity. The TET token is currently trading at $12.13, which is a bargain considering it is around 60% below its all-time high of $45, representing a massive discount with growth potential.
Exhibit 3: Injective
The third altcoin on its list is Injective (INJ). Recently, AI and big data crypto coins like INJ have attracted a lot of interest. Injective’s price is rebounding and network activity is increasing, which is a good sign for the health of the project. This is particularly promising ahead of a possible bull run. Currently, INJ is trading at a discount, around 50% below its all-time high, making it a good buy before prices rise.
Exhibit 4: Manta Network
Next is Manta Network, which has had a good start in 2024. Manta Network offers fast transactions and low fees, making it ideal for building and deploying Solidity-based dApps. They recently launched CDY, combining CI and DeFi to maximize user returns. The token is currently trading at $1.83, significantly below its all-time high, making it a good investment opportunity.
Exhibit 5: Pyth Network
Finally, there is Python Network, a Solana-based project acting as an Oracle solution. It gathers and shares price data from exchanges, trading platforms and market makers. Pyth has the potential to challenge Chainlink, the leading Oracle solution in crypto. Although it is still under the radar and trading cheaply, now is a good time to invest.
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