After the halving, the cryptocurrency market was poised for another bull run, but an unexpected price correction took the fun out of it. Currently, bearish sentiment is gripping the market, suppressing earlier bullish sentiment. Bitcoin has retreated from $60,000 to $57,000. Ethereum, the largest altcoin, is struggling to maintain support at $2,500.
Despite the global cryptocurrency market being in the red, some cryptocurrencies have bucked the trend and gained, providing a strong counter to the bearish sentiment. $ONDO, $VET, $OM, and are tokens with solid fundamentals that come from popular crypto narratives such as RWA, AI crypto, and utility tokens. Smart investors look for tokens from popular narratives that are leading in their respective fields.
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4 Cryptocurrencies That Can Make You Financially Free in 2024: Bull Market Soars 100 Times!
HIM
Uniswap is a well-known brand in the cryptocurrency world, but it has struggled during this bull run. Due to the increase in activity on its DEX platform, there were high hopes that Uniswap would return to its 2024 highs. However, this did not happen as most transactions stayed on centralized exchanges. Instead of recovering to its previous $15 level, the price of Uniswap is hovering around $5.9.
Despite these challenges, and signs that whales may be hoarding, Uniswap’s market cap has stabilized at $3.551 billion, ranking 23rd. The price has stabilized, up slightly by 2.45% over the past 24 hours. However, Uniswap still has a long way to go, as it fell 9.79% last week to $5.92.
The recent increase in trading volume of over 12% suggests that the price may be about to rise by more than 10%. UNI price is showing signs of recovery and is aiming to reach the 20-day EMA mark. After weeks of poor performance, the altcoin is showing a reversal pattern and has the potential to make a comeback. The formation of a bottom around $5.20 suggests that Uniswap may have completed the retracement phase and is ready to rebound. UNI may be aiming for a rise near the $7 mark!
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Ondo Finance stands out in the evolving financial landscape by seamlessly combining traditional finance with the innovative world of blockchain. At its core, Ondo Finance is about tokenizing real-world assets, unlocking access to stable, income-generating financial products that were once the domain of institutional investors. Ondo prioritizes transparency and regulatory compliance by partnering with industry giants such as BlackRock and leveraging Coinbase for secure crypto storage.
As one of Ondo's flagship products, the USDY product combines the stability of traditional stablecoins with the yield backed by U.S. Treasuries. The product appeals to investors who seek the reliability of traditional financial assets in the crypto ecosystem. With a focus on security and regulatory compliance, Ondo Finance provides a unique investment opportunity for those interested in a mix of traditional and digital assets, especially non-U.S. investors who want to diversify their portfolios.
ABOUT
As the cryptocurrency market prepares for the next bull run, MANTRA becomes a blockchain to watch. Designed with a focus on security and compliance, MANTRA is built with the Cosmos SDK and supports the Inter-Blockchain Communication (IBC) protocol and CosmWasm. This combination ensures seamless operation between various applications, making MANTRA a versatile platform for developers and institutions.
MANTRA's Proof-of-Stake (PoS) validator system can process up to 10,000 transactions per second, ensuring strong security and scalability. Its user-friendly experience is tailored for new users entering the Web3 space, emphasizing real-world applications and regulatory compliance. MANTRA makes a compelling case for investors seeking practical blockchain solutions that are expected to thrive in the next altcoin season.
VET
VeChain is a blockchain platform that has carved out a niche by focusing on improving supply chain transparency. Its native token, VET, is ranked in the top 40 by market cap, highlighting its widespread adoption and utility. VeChain’s technology enables detailed tracking of products throughout the supply chain, helping companies verify authenticity, manage recalls, and improve overall efficiency.
Founded in 2015 by Sunny Lu, VeChain operates its blockchain, VeChainThor, and uses a dual-token system: VET for value transfer and VeThor Token for transaction fees. The platform has established important partnerships with industry leaders such as Walmart China and BMW, proving its real-world applications in various fields. For investors, VET offers the potential for passive income and the opportunity to participate in a platform that is increasingly integrated into industries such as fashion and automotive.
