Altcoin
Experts Reveal Their Top Altcoin Picks for 2024
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With the 2024 bull run underway, investors are eager to discover altcoins with the potential for massive ROI, and with many options, selecting and investing in the right altcoins can be difficult.
However, this article will help you narrow down your choices as we will reveal the top altcoins chosen by experts that could provide substantial increases in value: ETFSwap (ETFS), NEAR Protocol (UNI), Uniswap (UNI), and Render (RNDR).
ETFSwap (ETFS): One of the best altcoin picks for 2024
ETFSwap (ETFS) is a tokenized blockchain platform that facilitates the trading of cryptocurrencies and Exchange-Traded Funds (ETFs). Since its pre-sale launch, the platform has demonstrated exceptional results that have fascinated the world of trading and cryptocurrencies.
ETFSwap (ETFS) offers advanced utility and futuristic value, giving users access to various institutional ETFs, such as leveraged ETFs, commodity ETFs, fixed income ETFs, and popular cryptocurrency spot and futures ETFs.
In enhancing the security of its platform, ETFSwap (ETFS) has optimized its privacy protocols using blockchain technology to ensure transparency and accountability. From eliminating KYC verification requirements and by streamlining account opening processes, the platform allows users to trade ETFs quickly while safeguarding their personal information.
Additionally, ETFSwap (ETFS) has undergone a rigorous audit by Cyberscopea reputable cybersecurity and blockchain audit firm, validating its robust infrastructure and commitment to providing users with a secure trading environment.
At the heart of ETFSwap (ETFS) is its native token, ETFS. This token facilitates transactions and trading tokenized ETFs and offers users exclusive benefits such as monthly rewards via airdrop tokens and staking options.
Additionally, investors can stake their ETFS tokens to earn staking rewards, passive income, and an 87% APR yield. With beyond 120 million ETFS tokens sold and raised over $2 million in a short time, analysts predict ETFSwap (ETFS) will take the cryptocurrency world by storm.
NEAR Protocol (NEAR): A layer 1 blockchain with high growth potential
The NEAR Protocol (NEAR), a layer-1 blockchain designed as a community-driven cloud computing platform, has recently attracted the attention of cryptography experts. The price of the token is currently in the corrective phase and is trading within a weekly interval from $7.82 to $7.71.
The nearest resistance level for NEAR Protocol (NEAR) is $8.88, while the nearest support level is $6.80.
Technical indicators suggest mixed market sentiment for NEAR Protocol (NEAR). The Relative Strength Index (RSI) and Stochastic Oscillator indicate that the market is currently oversold, implying a potential price reversal.
In stark contrast, the NEAR Moving Average Convergence Divergence (MACD) protocol shows minimal momentum, suggesting a lack of strong buying pressure at the moment. However, analysts suggest that the price of NEAR Protocol (NEAR) appears to be in a corrective phase and that a recovery is underway.
Uniswap (UNI): Challenging Altcoin Market Trends with Bullish Momentum
Another top altcoin pick is Uniswap (UNI), a decentralized trading protocol that automates the trading of DeFi tokens, which is challenging broader market trends. On May 29, the token reached a monthly maximum of $11.19, the best performance since early April, indicating further bullish momentum.
Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) on the daily chart of Uniswap (UNI) also favor a continued upward move, potentially targeting resistance levels at $12.96 and $15.40 $.
Interestingly, this increase in Uniswap (UNI) price coincides with growing bullish sentiment surrounding Uniswap’s response to the SEC’s recent regulatory concerns. Overall, Uniswap’s recent price action and chart activity suggest a potential continuation of the uptrend.
Render (RNDR): Long-term price outlook
Render (RNDR) is currently trading in a weekly range of From $11.21 to $10.24. It established stable support at $8.43 and faces resistance at $12.66. Over the past week, Render (RNDR) has witnessed a price decline of 8.58%, while the one-month growth stands at 29.41%, indicating a corrective phase in the market.
Render’s (RNDR) Relative Strength Index (RSI) is at 45.70, suggesting neutral market sentiment.
Despite the recent price correction, the long-term outlook for Render (RNDR) remains positive, with predictions that Render (RNDR) will reach an average price of $12.67 by 2025 and potentially rise to a high of $26.84 dollars by 2030.
Furthermore, the growing adoption of decentralized applications and the growing demand for GPU computing power are expected to increase the value of the altcoin in the coming years.
Which Altcoin Should You Buy First?
While NEAR Protocol (NEAR), Uniswap (UNI), and Render (RNDR) are established cryptocurrencies with promising long-term potential, they may not be able to deliver substantial short-term profits to investors. In contrast, ETFSwap (ETFS) stands out as a unique platform that allows for both short- and long-term gains.
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