Altcoins
Expert List of Top Altcoins with Biggest Return in 2024
Following Bitcoin During a recent record surge, the cryptocurrency market saw a significant pullback, affecting several of the top altcoins. However, amid this correction, there is buzz around some altcoins poised for potential growth.
Renowned crypto analyst Stockmoney Lizards offers insight into current market dynamics, highlighting accumulation potential best altcoins amid significant price adjustments. Alongside, the analyst shares a curated list of the best performing altcoins in 2024, highlighting promising investment prospects.
Here’s what you need to know.
Best Altcoins to Accumulate
RENDER (RNDR): Despite a modest change of 3.52%, The RNDR is optimistic The chart suggests a potential rebound after another ATH hit. With a market cap of $4 billion, RNDR is currently trading at $10.62.
FILECOIN (FIL): FIL has a strong long-term outlook, with a defined reserve zone and high volatility. Trading at $8.58, FIL recorded an increase of 5.8% decline, bringing a trading volume of $374 million in the last 24 hours.
IMMUTABLE X (IMX): IMX has been on a consistent uptrend since October 2023, currently undergoing a correction with potential support at previous highs. Trading at $2.82, IMX has a market capitalization of $3.9 billion.
KASPA (KAS): KAS presents a complex chart similar to Bitcoin’s growth model. KASPA is currently down 8.59% and trading at $0.14.
RIPPLE (XRP): While XRP chart initially looks strong, especially its inability to reach new highs amid a sharp decline in trading volume. XRP is currently trading at $0.61 after a 34.14% drop in trading volume.
POLKADOT (DOT): DOT’s long-term strategy shows continued and higher floor growth compared to January 2024. Currently, DOT sees $8.92 with a trading volume of $285 million.
Learn more: Altcoins which could restart a new rise over the weekend, will Bitcoin and Ethereum follow?
RECOVER AI (FET): FET shows positive signals with a clear breakout pattern despite a limited number of historical data, achieving a drop of 4.5%. With a trading volume of $255 million, FET is trading at $2.48.
THE GRAPHIC (GRT): GRT’s bullish breakout suggests upside potential for ATH, although trading volume shows a significant decline. GRT is currently down 12.19% and trading at $0.36.
UI: SUI’s short-term performance appears promising amid continued hype, despite difficulties in interpretation due to limited historical data. Further analysis is needed to assess the potential of SUI.
GHOST (FTM): FTM is displaying a strong long-term chart pattern, which could reach a new ATH despite a 4.52% decline. Trading at $1.09, FTM has a market capitalization of $3.04 billion.
Turn a problem into one Opportunity
As the cryptocurrency market goes through corrections and volatility, traders are closely monitoring these developments. Uncovering potential investment opportunities and understanding market sentiments remain essential for informed decision-making.
Read also: Top 3 Crypto Predictions for 2024 as Altcoins Poised to Breakout