Altcoins
Best Altcoins with 50x potential not available on Binance: crypto analyst
Popular crypto analyst major stock market listings, Xremlin highlighted: “Altseason 2024 > Altseason 2021. Your luggage is heading to Valhalla.
During the 2021 alt season, altcoins such as Polygon (MATIC) and Solana (SOL) saw a staggering 300x increase, largely attributed to listings on centralized Tier 1 exchanges (CEXs) like Binance and Coinbase, according to him. “MATIC and SOL’s 300x were fueled by CEX Tier 1 listings. Binance/Coinbase listings = billions in retail liquidity,” the crypto analyst remarked.
The core of Xremlin’s analysis is based on the demonstrable impact of listings on leading exchanges such as Binance and Coinbase on the valuation of cryptocurrencies. According to the analyst, “These 8 altcoins [are] likely tradeable there next → Pump 10-50x,” highlighting the potential for immediate and substantial price increases.
Listings often trigger price increases ranging from 3 to 10 times the pre-listing value, primarily due to the large user base of these platforms interacting with the newly available tokens. Xremlin further explained the critical role of liquidity for the long-term success of a cryptocurrency project, stating: “In the long term, having access to billions of liquidity is crucial for the success of a project. »
This outlook highlights the strategic advantage gained from being listed on centralized Tier 1 exchanges (CEXs). Xremlin has identified eight altcoins that not only show promise of being listed on such exchanges, but also possess the potential for dramatic value appreciation. Here is a detailed overview of the altcoins highlighted by Xremlin:
Top 8 Altcoins Not Listed on Tier 1 Crypto Exchanges
NGL (ENTANGLE): Operating as an omnichain infrastructure, Entanglefi aims to revolutionize the delivery of data to smart contracts on any blockchain. With a current market capitalization of $232 million and a share price of $1.96, its position as a layer 1 (L1) protocol highlights its fundamental potential in the blockchain ecosystem.
ALPH (ALEPHIUM): Priced at $2.75 with a market cap of $203 million, Alephium stands out as a layer 1 blockchain solution addressing critical accessibility, scalability and security issues faced by decentralized applications (dApps), according to the crypto analyst.
NORMIE: As a memecoin designed to appeal to the general public, Normie has a market valuation of $120 million, with a price of $0.1237. Notably, Normie is based on Coinase’s Base protocol, which is speculated to be ready to replicate success of the Solana memcoin craze.
CPOOL (CLEARPOOL): Clearpool stands out as a decentralized credit marketplace in the real world assets (RWA) sector focused on providing single-borrower liquidity pools for institutional borrowers. It is currently valued at $140 million, and its tokens are trading at $0.30.
BALLZ (WOLFWIFBALLZ): Inspired by a bold wolf, this memecoin is trading at $0.045 with a market cap of $45 million. BALLZ is trying to ride the wave of success of Solana memcoins, notably Dogwifhat (WIF).
IXS (IX EXCHANGE): Ix Swap offers a secure platform for trading real-world assets and security tokens, supported by licensed custodians and brokers. With a market cap of $140 million and a current price of $0.8425.
DEGEN: Another meme-centric token, Degen also operates on the Base chain and is currently priced at $0.01696, with a market cap of $211 million. Its appeal lies in the vibrant culture of crypto enthusiasts who identify with the “degen” lifestyle.
NMT (NETMIND): Netmind leverages blockchain technology to decentralize the computing power of AI models on a global scale. With a price of $6.96 and a market cap of $240 million, it aims to embody the cutting-edge intersection of artificial intelligence and blockchain.
At press time, @0x_gremlin’s top pick, NGL, was trading at $1.87.
Featured image created with DALL·E, chart from TradingView.com