Altcoin
Altcoins with 10000% potential can benefit from the Altcoin season
The leader in the capitalization of cryptocurrencies, Bitcoin (BTC-USD), has thousands of token alternatives with lower trading volumes and higher growth prospects. These coins have hundreds of times less market dominance but, if used correctly, can turn an ordinary trader into a multimillionaire.
Altcoins saw a decline of approximately 70% versus bitcoin between March and May 2024. The prolonged market downturn coincided with the low performance of digital assets driven by Ethereum (ETH-USD). This coin could push the prices of other altcoins higher before the possible approval of a spot ETF on ETH in the coming days. The Securities and Exchange Commission (SEC) has not yet decided. However, news later May 24th could wake the market from its three-month sleep.
Buying altcoins with 10000% potential is a choice for the brave and confident because such gains can be possible if you invest 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 cryptocurrency industry, Ethereum (ETH-USD), has its drawbacks. It scales across isolated runtime 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 roll-up. The project seeks to develop in multiple directions by 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 drop by almost two months. After the listing, investors began an active sell-off, negatively affecting the token. However, this series of events, combined with the token’s youth, have landed it on the list of altcoins with 10000% 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 crisis is over, the impact of the listing on Coinbase, KuCoin, Binance and Crypto.com will be fully realized. Strategic measures, such as the token’s participation in the Genesis staking program, are gradually reducing the number of OMNI in circulation, ultimately leading to a multiple increase in the coin’s exchange rate.
Core (CORE-USD)
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Nucleus (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 security Bitcoin (BTC-USD) network and maintain the democratic and scalable nature of the system. The project recently developed the Bitcoin-to-EVM HTLC atomic exchange protocol and simplified inter-chain exchanges between the Core network and Bitcoin.
More than $20 million a value of bitcoin is 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 access for new users and spread the project’s fame. 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, just what crypto startups need at a time of active market growth.
This token can also be considered one of the altcoins with 10000% potential based on its trading performance. Was 15 months since it appeared on the exchanges and has already shown jumps from $0.34 to $6.47. The jump to the local high of $3.77 replaced a plateau period from mid-2023 to March 2024. The 4x increase in price then occurred in less than a week. Like most cryptocurrencies, CORE is currently in the process of correction, but its high technology, utility and modernity can lead to price spikes 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, open-access machine learning networks and has managed to attract corporate giants such as Bosch, Deutsche Telekom and Festo into its developments. The integration of artificial intelligence into solving real-world problems relies on blockchain to make applications and services more reliable and secure.
Integration with Chain shirt (LINK-USD) broke new ground for the project, and Fetch.ai gained access to accurate data from thousands of sources. Fetch’s AI agents use Chainlink’s oracle network to expand capabilities in decentralized finance (DeFi), supply chain management, and other areas.
The coin has joined the ranks of other altcoins with 10000% potential thanks to the successful fusion of blockchain and artificial intelligence, which is reflected in the market performance of the project. Thanks to its focus on AI, FET embraced bullish sentiment earlier than most tokens and has shown steady growth as early as February 2024. After reaching ATH ($3.47) in March, the coin has dropped to the level $1.8-$2.7. Famous traders and analysts such as Captain Faibik AND @rektcapital predict that FETs will rise in May and break above the previous maximum price line.
As of the date of publication, Julia Magas does not hold (either directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to InvestorPlace.com Guidelines for publication.
Julia Magas is a writer covering the latest trends in finance and technology. Her work is published in numerous financial media outlets such as Nasdaq, Cointelegraph, Investing, SeekingAlpha, FXEmpire and Beincrypto. She primarily covers cryptocurrency and blockchain technology with a focus on performance, innovations and market trends.