Altcoin

Here are five altcoins under $1 that could shine in this bull season

Published

9 months ago

9 May, 2024

Here are five altcoins under $1 that could shine in this bull season

This article presents a curated list of five promising altcoins under $1, including The Graph (GRT), Sei (SEI), and Harmony (ONE), which could surpass expectations in this bull season.

The cryptocurrency market has recently entered a bullish phase, with the price of Bitcoin (BTC) hitting a new all-time high above $73,000 on March 14. However, the market’s latest bull trend, which began last October, has cooled, with most crypto assets posting double-digit losses over the past month.

However, most market analysts have presented the current recession, which has triggered a 12% collapse in the price of Bitcoin over the past month, as an opportunity for investors to boost their stocks before the market witnesses to another phase of rising prices.

In this prevailing sentiment, uncertainty revolves around which cryptocurrencies are worth betting on. While several market observers have called attention to the most notable altcoins, this article highlights some of the lesser-known ones that trade below the $1 mark but show the potential to shine during bull season.

The graph (GRT)

The Graph (GRT) functions as a decentralized protocol within the blockchain scene, indexing and organizing data to enable the creation of open APIs, called subgraphs. Developers use GraphQL to query these subgraphs for data indexed on the network.

In one of its recent bullish developments, The Graph introduced the Sunrise Upgrade Program, with a prize pool of GRT 4 million.

Democratize data. Revolutionize the web3. Earn GRT 🌅

The Graph Foundation just launched the 4 million GRT Sunrise Upgrade Program, enabling anyone on the Internet to revolutionize how the world accesses data.

Join and complete a series of fun onchain and offchain missions… pic.twitter.com/J7QP6zTLAu

— The Graph (@graphprotocol) May 2, 2024

– Announcement –

Santiment data reveals an additional 11,680 holders since January, surpassing the 160,000 total holders and reaching 161,880 at last check. At the same time, whale addresses, which hold between 10 and 100 million GRT, have accumulated over 200 million tokens since the end of February.

The whale accumulation graph

This positive momentum reflects growing investor confidence and substantial demand for the token, with GRT’s performance in the current bull market showing notable growth. It rose 504% from an August low of $0.0817 to a two-year high of $0.4940 in March.

The graph of the 1D graph

Current statistics show a 44% year-over-year increase in the price of GRT. Despite a current trade value of $0.2654, which represents a 46% decline from the yearly high, The Graph’s resilience above the 200-day EMA ($0.2387) and its pursuit of significant resistance levels suggest a potential continuation of its bullish trajectory.

TokenFi (TOKEN)

TokenFi (TOKEN) is a pioneering entity within the Floki ecosystem for the tokenization of real-world assets. The platform boasts an intuitive interface, which allows for the generation and tokenization of assets without the need for programming skills.

As a participant in an expanding industry estimated to reach a valuation of $16 trillion by 2030, TokenFi is poised to emerge as a dominant player in the realm of asset tokenization. So is Ripple, a major blockchain payments company based in San Francisco exploring opportunities within this growing market.

TokenFi has witnessed a notable increase in investor confidence. A infusion of $10 million from DWF Labs into TokenFi TOKENS for the advancement of AI-based offerings triggered a 50% appreciation in its market price, culminating in a record high.

Reflecting on its market performance, TokenFi TOKEN has demonstrated impressive growth since its launch last October. Its value increased 642% since the beginning of January to a peak of $0.2464 on March 26. With its current price of $0.0950, TOKEN has appreciated 186% this year, positioning itself to take advantage of the market’s expected rise for further growth.

TokenFi 1D Chart

ANKR (ANKR)

Ankr (ANKR) is a Web3 infrastructure provider that provides development tools for blockchain technology. It offers multi-chain staking, node deployment, and API management services.

ANKR rose to the top spot among validators on Binance Smart Chain three years ago, significantly increasing its value and visibility. This growth has been supported by stronger fundamentals, new partnerships and integrations with major blockchain networks.

Ankr’s partnerships with Microsoft and Tencent Cloud and service collaboration with Storj have further solidified its position in the market.

In the current bull run, ANKR has shown positive growth trends. It is currently priced at $0.0447, marking a 56.4% increase this year, despite a 35% decline from its April 1 high of $0.0688. ANKR remains above the 200-day EMA of $0.0379 and, with a low CCI of -116, appears undervalued.

Ankr 1D chart

Six (SIX)

Sei (SEI) is a layer 1 blockchain created for trading platforms. It is known for its high transaction speeds due to a characteristic parallel architecture that allows simultaneous processing on various nodes.

Last April, the team harvest an investment of 30 million dollars to develop the blockchain. Sei’s infrastructure is adaptable and supports a wide range of applications, including decentralized exchanges, NFT marketplaces and gaming platforms, establishing itself as a multi-faceted framework.

In February, Devnet received a significant update, making it compatible with the Ethereum Virtual Machine (EVM). Interestingly, according to Santiment data, the project has seen a consistent increase in development activities.

You are Sanitization Activity Development Development Activities Six | Most Holy

Upon its launch in August, the SEI token secured listing on major exchanges such as Binance, KuCoin and Bybit, enhancing its market presence. Currently trading for $0.5225 with a market capitalization exceeding $1.4 billion, SEI is up 6,420% since inception and is on track for further gains.

In March, SEI hit a new all-time high alongside Bitcoin, reaching the $0.8 level and aiming for the coveted $1 milestone. Despite the market’s recent downturn, it has maintained its value above $0.5, and with an RSI of 39.90, there may be room for more growth.

Six 1D Chart

Harmony (ONE)

Harmony (ONE) is a blockchain platform that simplifies the development and operation of decentralized applications (DApps). Use sharding to scale effectively, ensuring fast transactions with minimal delays.

Harmony has followed an upward trajectory with its recent releases announcement of a $300 million ecosystem fund. This fund is intended to attract developers and strengthen the creation of decentralized autonomous organizations (DAOs) within its network.

The ONE token plays a crucial role in the network, used for staking, transaction fees and governance. The token has posted a solid performance in the ongoing bull market.

Starting the year at $0.0187, ONE rose 112% to a two-year high of $0.0396 in March. Harmony has a history of significant growth, having risen 8.862% from $0.00424 in January 2021 to an all-time high of $0.38 in October of the same year. It is poised to continue this positive trend in the current market recovery.

1M Harmony Chart

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

-Announcement-

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Altcoin

Top 3 Ethereum-Based Altcoins 3 Times

Published

6 months ago

1 August, 2024

AltcoinUpdates Staff

Despite the increasing selling pressure in the cryptocurrency market, mid-cap and small-cap altcoins have seen an increase in buying sentiment. This indicates a shift in interest among users towards these cryptocurrency tokens.

Are you thinking of investing in ETH-based altcoins for the next AltSeason?

Scroll down because in this article we have covered the top three Ethereum-based altcoins that have the potential to see a huge uptrend in their respective portfolios in the near future.

Safe Price Analysis (SAFE):

Despite the growing bearish sentiment in the cryptocurrency market, SAFE price has seen bullish price action for the third consecutive day, highlighting the increased price action for the altcoin in the market. Furthermore, it is currently trading at a discount of 76.3% from its ATH of $4.01.

TradingView: SAFE/USDT

The technical indicator, MACD, shows a steady decline in the red histogram, highlighting an increase in bullish sentiment in the cryptocurrency market. In addition, the averages show a potential bullish convergence, suggesting a high possibility of a positive reversal.

If the bulls continue to gain momentum, SAFE coin price will prepare to test its resistance level of $1,450. On the contrary, a bearish action could send this altcoin crashing towards a new all-time low (ATL).

Aethir (ATH) Price Analysis:

Aethir price has seen a bullish price action adding over 10% to its portfolio with a trading volume of $40.126 million despite a bearish cloud over the cryptocurrency space. Notably, with a market cap of $292.916 million, this altcoin has secured the 216th position in the global cryptocurrency list.

TradingView: ATH/USDT

The MACD indicator has been showing a steady rise in the green histogram. However, its RSI has been showing a strong bearish curve in the 1D time frame. This suggests mixed sentiment for the ATH price in the cryptocurrency market.

If the market holds Aethir price above its important support level of $0.07050, the bulls will gain momentum and prepare to test its upper resistance level of $0.08415. On the contrary, if the bears overpower the bulls, this altcoin will prepare to test its low of $0.06435.

Neiro Ethereum (NIERO) Price Analysis:

Built on the Ethereum chain, Neiro Ethereum is a project that has a total supply of only 1 billion tokens. Positively, it has no buy/sell fees or team tokens for governance or community approach. It operates on its own and promotes itself as the next big opportunity in the cryptocurrency world.

With a trading price of $0.1852 and a total supply of 1 billion tokens, it has successfully secured the 234th position in the global cryptocurrency ranking, with a market capitalization of $185.446 million.

Notably, it is up 53.86% over the past day with a trading volume of $36.64 million, a decline of 7.68%. Furthermore, it is up about 1,200% since its inception, highlighting a strong bullish outlook for the altcoin in the near future.

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Altcoin

Top 6 Altcoins Set for Explosive Rally Before 2025

Published

6 months ago

1 August, 2024

AltcoinUpdates Staff

The cryptocurrency market is on the verge of significant change as we approach 2025. The Altcoin Daily Analyst Austin predicts that any changes in monetary policy could trigger a strong rally in altcoins, especially with a possible turn in the Federal Reserve’s benchmark interest rate expected in September.

This pivot could drive explosive growth in the cryptocurrency market, benefiting Ethereum, Solana, and several promising new altcoins. Here are some altcoins ranging from under $1 to $2 that can give you the highest returns in the current market crash.

We are excited, are you? Let’s dive in!

Top 6 Cryptocurrencies to Watch

Aethir: The Decentralized GPU Marketplace

Aethir is positioning itself as a leader in decentralized cloud infrastructure for gaming and AI. With over $36 million in annual recurring revenue, Aethir is addressing the growing demand for GPU computing driven by major tech companies like Google and Microsoft. Its decentralized infrastructure leverages underutilized GPUs, making it a key player in the burgeoning tech industry. The current price is $0.07176.

Ondo: The Best Bet in the RWA Sector

Next up is Ondo, whose real-world asset protocols are changing the tokenization of financial assets. With an annual dividend of 5.3% USDY, ONDO is the governance token for the Ondo DAO and Flux Finance. This token has seen strong demand, demonstrated by consistent investor buy-ins. Recently, ONDO’s price has dropped 35% in two months, forming a triangle pattern that suggests a breakout. Rising OTC holdings and reduced selling pressure suggest a bullish outlook. The current price is $0.9251.

Lukso’s social and cultural blockchain unites creators, brands, and users. An Ethereum doppelganger, Lukso adds Universal Profiles and gas-free transactions to blockchain usage. Its creative strategy and strong leadership make it a blockchain mass adoption project to watch. Current price is $1.71.

AIT Protocol: Decentralized AI Data Annotation

The AIT Protocol addresses the need for decentralized work in AI data annotation. Uniquely, the AIT Protocol connects human trainers with AI model owners to improve AI models through a decentralized marketplace. However, its adoption in Asia and strategic investments suggest that it could disrupt AI. The current price is $0.1169.

Foxy (Line): Meme coin with level 2 potential

Foxy, a meme coin for Linea Layer 2 Ethereum scaling, has an endorsement from ConsenSys. Foxy stands out in Ethereum Layer 2 due to Linea’s MetaMask integration and fast transactions. Additionally, Linea adoption and reduced transaction costs are influencing its growth. The current price is $0.01116.

Off the Grid: Emerging Altcoin for Gaming

Lastly, on the list is Off The Grid, developed by Godzilla. This highly anticipated AAA game promises to make waves in the crypto gaming industry. Although it hasn’t launched yet, positive feedback from industry experts supports its potential success.

Infrastructure projects like Immutable and specific games like Xers and Star Heroes are also worth considering for those interested in crypto gaming.

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Altcoin

Top Analyst Admits He Ignored XRP For Years, But Now Finds XRP Chart Very Interesting

Published

6 months ago

1 August, 2024

AltcoinUpdates Staff

Top Analyst Admits He Ignored XRP For Years, But Now Finds XRP Chart Very Interesting

Scott Melker, host of The Wolf of All Streets podcast, said he hadn’t paid attention to XRP charts for a while, but now finds them intriguing.

Melker revealed this in a recent send after analyzing XRP’s pattern on the weekly timeframe. He shared a chart that suggests XRP is on track to break out of a significant resistance channel.

While acknowledging that a rejection is likely, Melker noted that a subsequent breakout is on the horizon. Furthermore, the analyst emphasized that regardless of an individual’s perception of XRP and its performance, this upcoming price action is worth keeping an eye on.

Notably, Melker’s latest analysis on XRP comes as the asset has outperformed the broader bear market, which staged a solitary comeback while others fell. XRP surged more than 10% on Wednesday, briefly emerging as the day’s best-performing cryptocurrency among the top 100.

This development has triggered renewed interest in XRPeven among market observers like Melker and Ali Martinez, who rarely comment on XRP’s price action.

XRP Resistance Levels to Watch

In his latest commentary, Melker identified immediate resistance levels that XRP must overcome on its climb to higher prices. These levels include $0.75 and $0.93, which XRP must overcome to reach $1, with additional barriers at $1.3 and $1.9.

Scott Melker's XRP Chart Scott Melker’s XRP Chart

Interestingly, for the immediate barrier of $0.75, Melker is not the only analyst to emphasize its importance before aiming higher. Analyst “Crypto Adict” also commented on this level yesterday, urging caution versus ambitious goals like $100 when there are more immediate challenges.

The impact of this resistance level was evident in March when XRP rose to $0.744 in one day but he was unable to continue his ascent.

In his analysis, Ali Martinez echoed Melker’s sentiment by highlighting the $0.93 price level as a significant hurdle. Martinez stressed out that once XRP breaks above this level, it will effectively end its nearly seven-year downtrend, opening the door to higher highs.

At press time, XRP is back just above $0.60 after hitting $0.6556 yesterday, reflecting an 8% decline in the past 24 hours. Notably, XRP’s uptrend has been interrupted by Bitcoin’s volatility, as the leading asset fell back to the $63K range yesterday.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Announcement-

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Altcoin

Dogecoin (DOGE), ETFSwap (ETFS), and Shiba Inu (SHIB) are poised to lead the altcoin rally in a big way

Published

6 months ago

1 August, 2024

AltcoinUpdates Staff

Dogecoin (DOGE), ETFSwap (ETFS), and Shiba Inu (SHIB) are poised to lead the altcoin rally in a big way

Dogecoin (DOGE): Altcoin Rises From Meme Origins to Market Rally’s Top Spotlight

Dogecoin (DOGE), initially launched in 2013 as a “joke currency” based on a popular Shiba Inu meme, is now positioned to lead a major altcoin rally. Despite its humorous origins, Dogecoin is gaining popularity among investors due to its platform utilities, including transaction speed and payment methods. Currently, Dogecoin (DOGE) is trade at around $9,139, a recovery followed by a weekly low of $0.11.

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