๐ฑ Cheapest Altcoins That Will Make a Big Impact in 2024
1. SUI (#SUI)
$SUI has seen a price drop of about 65% in the last three months but boasts a loyal community with a high staking percentage, surpassing even Cardano. It absorbed selling pressure from a major token unlock earlier this spring and is involved in academic research, offering $500,000 in SUI for research awards and grants. Despite the recent price drop, SUIโs fundamentals remain bullish, making the current price of around $0.79 an attractive entry point.
2. Akash Network (#AKT)
Akash Network was a market favorite from mid-2022 until a few months ago, experiencing a 30x increase from a low of $0.20 in June 2022 to over $6 in March 2024. However, it has since declined by about 40%. Despite this drop, the demand for powerful Nvidia chips like the H100 and A100, crucial for AI applications and crypto protocols, remains strong. This demand explains Akashโs GPU marketplace, suggesting that the recent price decline may present a buying opportunity.
3. Astar (#ASTR)
$ASTR enables multi-chain smart contracts, allowing integration within Polkadot and EVM ecosystems. Despite a challenging market, Astar has performed relatively well over the past year but has seen a 60% drop in the last 90 days. Astar uses Polygonโs ZK EVM to maintain compatibility with Ethereum, providing access to more ETH liquidity and better pricing for trading and DeFi applications.
