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As expectations rise about the possibility of a bull market following the Bitcoin halving, more and more attention is being paid to altcoins. This indicates the potential for the upcoming altcoin season. This phenomenon signals market changes that may encourage investors to diversify their portfolios.
Moreover, the past week has witnessed notable price spikes and falls among various altcoins. A select few cryptocurrencies have performed well and delivered significant returns to investors. On the other hand, some have seen significant declines in market value. In this article, we take a look at the major altcoins currently worth considering.
5 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than $1
Meanwhile, MEW prices have experienced notable fluctuations. The meme coin recently hit an all-time high of nearly $0.01. The greed index is 78, suggesting the potential for sustainable growth. Backwards, Bitcoin It retreated below $70,000. The retreat comes as discussions over the appointment of a new CEO for Binance continue to intensify.
In addition to MEW, we see Ondo Finance, Beam, and IOTA as excellent investment options. These micro-cryptocurrencies focus on real-world asset tokenization and blockchain innovation, respectively. These factors lead us to recommend these assets as potential portfolio additions.
1. Ondo Finance (ONDO)
Ondo prices have been extremely strong since early April. After reaching a certain level, it trades sideways, which indicates an accumulation phase. The price found support at $0.80 and is heading towards the next target of $1.37. Temperature prices had the biggest bounce since the dump. Even if the BTC price calls for the $69,000 price level, it could go to $1.
ONDO Finance is up 23% intraday, bucking recent market-wide declines. The current pullback trade is closer to the 50D EMA and the $0.70 mark. Depending on the trend-based Fibonacci levels, the altcoin could maintain its current surge as the week opens.
If the uptrend can reach the $0.97 peak, a breakout rally could easily push it past the psychological $1 point. Thanks to the low market capitalization, an upward trend can lead to massive 2x to 5x surges.
— Ondo Foundation (@OndoFoundation) April 13, 2024
In particular, ONDO token holders play an important role in steering the trends of Ondo DAO. Ensuring that the token becomes institutional-grade finance accessible to everyone can ensure its continued rise. They also have special rights in relation to Flux Finance.
2. Doggers (Dozers)
Dogeverse is an innovative project that aims to connect multiple blockchains. The token seeks to create a unified space for market participants and investors. Inspired by Cosmo, a Doge token that bridges Ethereum and Solana. Dogeverse thus enables holders to seamlessly cross various cryptocurrency chains.
The token has also moved to be listed on several decentralized exchanges (DEXs) and centralized exchanges (CEXs). We also aim to build a vibrant community of meme enthusiasts and cryptocurrency investors. As Dogeverse continues to expand its multichain utility, the Cosmo team continues to develop innovative concepts.
The most recent pre-sale price surpassed $4,646,455.59 of the $5,264,055 target. As we get closer to our goal, market interest continues to grow. This sentiment indicates a potential opportunity for investors to participate in the pre-sale, currently at 0.000295. Additionally, the token allows staking and promises high APY.
Cosmo aims for unity #Cryptocurrency Meme fans, leading multi-chain charging. 🚀
over 6 #blockchainCosmo shines #DEX, #CEX, and Meme Hub. 🌟
Through intergalactic alignment, Cosmo redefines the definition of trend. @DEXToolsApp! 🔥 pic.twitter.com/xcZvl74rX9
— DogeVerse (@The_DogeVerse) April 15, 2024
However, this opportunity is limited, especially considering tomorrow’s price increase. Dogeverse also integrates VAX purchase options into its website. This integration allows users to trade on Ethereum, BNB, Polygon, and Avalanche. Additionally, it was announced that Base and Solana options will be added.
Visit Dogeverse Presale
3. BEAM
Beam is receiving considerable attention due to its steady price rise in April. Bitcoin halving expectations are the driving factor that sees Beam trading at $0.03021. The price shows an increase of 19.89% in the last 24 hours. Meanwhile, investors are optimistic about Beam, which has a greed score of 78. This optimistic sentiment stems from the increasing trading activity of the token.
Moreover, over the past year, Beam’s market growth has recorded an impressive 277% growth. It also outperformed 76% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. Beam is trading 332.26% above its 200-day SMA ($0.004690). This strong performance highlights the token’s potential as an investment opportunity in cryptocurrencies.
The token has recorded 15 green days in the last 30 days and is highly liquid. These solid fundamentals suggest a favorable outlook for the token. It also signals Beam’s ability to attract sustained investor interest and achieve significant market expansion.
Merit Circle DAO Update – Studio 🍃
we are @ForgotPlaylandComing right around the corner.
📅When? April 25, 2024!
It’s better to be prepared 🕹️ pic.twitter.com/Qj5KXwCFL1
— Merit Circle (@MeritCircle_IO) April 15, 2024
Analysts predict that Beam could reach $0.1 once it announces collaborations with other networks. In a bull market, the April average price could stabilize around $0.08. However, a market downturn could cause it to plummet to $0.02 before the end of April.
4. IOTA
IOTA’s focus on IoT, a sector poised for explosive expansion, offers tremendous potential for investors. The ability to process commission-free transactions facilitates microtransactions that are essential for smooth machine-to-machine interactions. Cooperation with renowned companies highlights technological potential and possibilities for integration into future developments.
Analyst sentiment on IOTA’s price predictions is overwhelmingly bullish, with a greed score of 78, indicating extreme greed. Trading near its cycle high of $0.2434, IOTA enjoys high liquidity due to its significant market capitalization.
On a YTD basis, IOTA has experienced a whopping 499% price increase. This performance indicates that it outperformed 86% of the top 100 cryptocurrency assets. This increase means it has surpassed the performance of Bitcoin and Ethereum.
External factors such as increased collaboration, mainstream adoption, acceptance, and retail investor participation have also been essential to IOTA’s growth momentum. We recently announced a partnership with Tenity. This partnership aims to leverage the growth potential of the real-world assets (RWA) and DeFi sectors. The APAC Accelerator is a 12-week program that provides $50,000 grants to selected startups.
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⚡️Offers: #iota https://t.co/fozgkq2vPZ— Iota (@iota) April 15, 2024
In summary, IOTA’s recent price explosion signals renewed interest in the token, along with bullish indicators such as trading volume and open interest. Although sustainability is unpredictable, the current movement provides room for profit for IOTA holders.
5. Cats in a Dog World (MEW)
Cat in a dogs world (MEW) continues to gain traction with its meme-inspired tokens. This comes after it was recently listed on popular exchanges such as HTX, Gate.io, BingX, Jupiter, and KuCoin. This improved accessibility is believed to increase liquidity and trading volume, potentially driving prices higher.
Cats in the Dog World surged 14.61% and is currently trading at $0.002931. Moreover, the current market trend for XEC indicates a steady upward trend. Likewise, it is trading 129.98% above the 200-day simple moving average (SMA) of $0.00003064.
$MEW’s index of 79 indicates increased investor interest. This figure, which indicates extreme greed, is likely stimulated by the current bullish sentiment. Additionally, MEW’s Relative Strength Index (RSI) suggests that the stock is currently oversold, indicating that an upward trend is likely soon.
The token was created in response to the recent growing investor interest in meme coins. Additionally, $MEW is ready to capitalize on the current bullish sentiment towards meme coins with the support of existing players.
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