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With increased anticipation surrounding the potential bull run in Bitcoin post-Halving, attention is increasingly turning towards altcoins. It signals the probability of an upcoming altcoin season. This phenomenon suggests a market shift where investors may diversify their portfolios.
Furthermore, the past week has witnessed notable price surges and declines among various altcoins. A select few cryptocurrencies have outperformed, delivering substantial returns to investors. On the other hand, some have seen a significant decrease in their market value. This article looks at the major altcoins that are currently worth considering.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
Meanwhile, the price of MEW has experienced notable fluctuations. The meme coin recently reached an all-time high of nearly $0.01. Its Greed reading sits at 78, suggesting a potential for sustainable growth. Conversely, Bitcoin has retreated below $70,000. This retreat comes as discussions about the appointment of Binance’s new CEO continue to rage
In addition to MEW, we look at Ondo Finance, Beam, and IOTA as outstanding investment options. These low-cap cryptocurrencies each focus on real-world asset tokenization and blockchain innovation. These factors fuel our recommendation of these assets as potential portfolio additions.
1. Ondo Finance (ONDO)
The Ondo price has displayed massive strength since the start of April. After attaining certain levels, it trades sideways, indicating an accumulation phase. The price has demonstrated support at $0.80 and is moving forward to the next target of $1.37. Ondo price encountered the greatest bounce since the dump. It could also go to $1 if the BTC price requests the $69,000 price level.
With a 23% intraday jump, ONDO Finance paddles against the recent market-wide bearish tide. The current pullback trades closer to the 50D EMA and $0.70 mark. Going by the trend-based Fibonacci levels, the altcoin could maintain its current upsurge as the week begins.
If the uptrend can reach the $0.97 peak, the breakout rally might effortlessly surpass the $1 psychological mark. The uptrend could lead to a massive surge of 2x to 5x, thanks to its low market cap.
— Ondo Foundation (@OndoFoundation) April 13, 2024
Notably, ONDO token holders play an essential part in steering the trend of the Ondo DAO. Ensuring the token becomes an institutional-grade finance accessible to all ensures its continued upsurge. They also have special rights related to Flux Finance.
2. Dogeverse (DOGEVERSE)
Dogeverse is an innovative project aiming to bridge multiple blockchains. The token seeks to create a unified space for market participants and investors. It is inspired by Cosmo, the Doge token that bridges Ethereum and Solana. Accordingly, Dogeverse empowers its holders to cross between various crypto chains seamlessly.
Furthermore, the token has moved to be listed on multiple decentralized exchanges (DEX) and centralized exchanges (CEX). It also seeks to build an active meme lovers and crypto investors community. As Dogeverse continues to expand its multichain utility, the team behind Cosmo continues to develop innovative concepts.
Its presale offering recently surpassed $4,646,455.59 out of its $5,264,055 target. As it nears its target, it continues to see a growing market interest. This sentiment signals a potential opportunity for investors to enter the presale now at 0.000295. Moreover, the token allows staking and promises a high APY.
Cosmo aims to unite #Crypto meme fans, leading the multi-chain charge. 🚀
Across six #Blockchains, Cosmo illuminates #DEX, #CEX, and meme hubs. 💫
Through intergalactic alignment, Cosmo reshapes the definition of what's trending on @DEXToolsApp! 🔥 pic.twitter.com/xcZvl74rX9
— DogeVerse (@The_DogeVerse) April 15, 2024
However, this opportunity is limited, particularly considering tomorrow’s forthcoming price increase. Furthermore, Dogeverse integrates the VAX purchase option into its website. This integration enables users to transact across Ethereum, BNB, Polygon, and Avalanche. Moreover, it has also announced that Base and Solana options are set to be added.
3. Beam (BEAM)
Beam is attracting considerable interest following its consistent price climb in April. Anticipation of the Bitcoin halving is a propelling factor that sees Beam trade at $0.03021. This price showcases a 19.89% increase in the last 24 hours. Meanwhile, investors are bullish on Beam, which has a Greed score of 78. This bullish sentiment comes from the token’s growing trading activities.
Furthermore, Beam’s market growth over the past year has been remarkable, with a staggering 277% increase. Additionally, it has outperformed 76% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. Beam trades 332.26% higher than the 200-day SMA, which is $0.004690. This strong performance emphasizes the token’s potential as an investment opportunity in cryptocurrency.
The token posted 15 green days in the last 30 days and has high liquidity. These robust fundamentals suggest a favorable outlook for the token. It also indicates Beam’s capacity to attract continued investor interest and achieve significant market expansion.
Merit Circle DAO update – Studios 🍃
We have @ForgotPlayland's release right around the corner.
📅When? 25th of April 2024!
Better get ready 🕹️ pic.twitter.com/Qj5KXwCFL1
— Merit Circle (@MeritCircle_IO) April 15, 2024
Analysts predict that if Beam announces collaborations with other networks, it could reach $0.1. In a bullish market, the average price could stabilize around $0.08 in April. However, in a market downturn, it could nosedive to $0.02 before the end of April.
4. IOTA (IOTA)
With its focus on IoT—a sector on the verge of explosive expansion—IOTA offers immense potential to investors. Its ability to handle feeless transactions facilitates microtransactions, essential for seamless machine-to-machine interactions. Its collaborations with prominent corporations highlight its technological potential and the possibility of its integration in future advancement.
Analysts’ sentiment concerning IOTA’s price prediction is overwhelmingly bullish, with the Greed score displaying extreme Greed at 78. Trading near its cycle high at $0.2434, IOTA enjoys high liquidity propelled by its significant market capitalization.
On a YTD basis, IOTA has experienced a staggering 499% increase in price. This performance indicates it outperformed 86% of the top 100 crypto assets. This increase signifies that it has surpassed the performance of Bitcoin and Ethereum.
External factors like collaborations, mainstream adoption, endorsements, and increasing retail investor involvement have also been vital to IOTA’s growing momentum. It recently announced a partnership with Tenity. This partnership looks to tap into the growth potential in the Real-World Assets (RWAs) and DeFi sectors. The APAC Accelerator is a 12-week program offering select startups a $50k grant.
📚 New article by the @Mar_Ex on @TLIP_io – read all about the Virtual Watch Tower initiative and how it revolutionizes supply chain management in trade.
⚡️powered by #IOTA https://t.co/fozgkq2vPZ— IOTA (@iota) April 15, 2024
In summary, IOTA’s recent explosion in price, along with bullish metrics like trading volume and open interest, implies renewed interest in the token. While sustainability remains unpredictable, current movements provide IOTA’s holders room for returns.
5. Cat in a dogs world (MEW)
Cat in a dogs world (MEW) is a meme-inspired token that has continued to gain attention. This comes after its recent listings on prominent exchanges like HTX, Gate.io, BingX, Jupiter, and KuCoin. This heightened accessibility is believed to increase liquidity and trading volume, potentially driving its price upward.
Cat in a dogs world has surged by 14.61%, currently trading at $0.002931. Moreover, XEC’s current market trend indicates a steady northbound tendency. Likewise, it is trading at 129.98% above its 200-day Simple Moving Average (SMA), which is $0.00003064.
$MEW’s Index of 79 indicates increased investor interest. This figure, signifying extreme Greed, is likely stimulated by the current bullish sentiment. Furthermore, MEW’s Relative Strength Index (RSI) suggests it is currently oversold, indicating a potential upward trend shortly.
The token rides on the recent growing investor interest in meme coins. Also, with support from established players, $MEW is poised to capitalize on the current bullish sentiment for meme coins.
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