Don’t be afraid of a market decline, the opportunity to get on board has arrived! 4 cryptocurrencies that are about to soar 100 times!
1.SUN
Solana has attracted much attention for its excellent scalability and ultra-fast transaction speed. It can support decentralized applications (dApps) without sharding, which is unique among many blockchains such as Ethereum and Cardano.
Focusing on high-capacity network solutions, Solana has attracted many developers and investors and is regarded as a leader in the future cryptocurrency market. SOL is Solana’s native token and is essential for transactions and network participant rewards. As projects increase on the Solana network, the value of SOL is expected to grow significantly during the ensuing altcoin boom.
2.DOGE
As an old MEME coin, DOGE is still hot in the crypto circle, and Musk also supports it. Investing in DOGE is exciting, but the price fluctuates greatly, like a roller coaster.
The advantage lies in the stability of the community, but the high volatility also requires investors to have strong psychological endurance. It is expected to have an impact in the second half of the year.
3.XRP
Although Ripple continues to sell large amounts of XRP from its inventory, such as 350 million XRP sold in September, which triggered a short-term negative reaction in the market, XRP has shown strong resilience in severe market conditions. Especially under the prediction of "altcoin season", the possibility of XRP rising further increases.
XRP has gained 21% over the past year and is currently trading above its 200-day simple moving average, which is a positive technical indicator. Moreover, XRP has had 17 up days in the past 30 days, accounting for 57% of the month. Its high liquidity also supports its stability in the market. Investors are closely watching XRP for potential breakout signals.
4.LINK
Chainlink is a blockchain abstraction layer that enables smart contracts to connect with external data sources. Using a decentralized oracle network allows blockchains to securely access off-chain data, events, and payment systems. This is critical for smart contracts that require external information to function effectively.
Meanwhile, predictions show that Chainlink’s price could rise by 8.93% and could reach $13.92 by October 28, 2024. Although technical indicators currently indicate a neutral market sentiment, the Fear and Greed Index shows a rating of 64, indicating greed in the market. With 17 of the past 30 days being positive and a price volatility of 6.11%, some believe this is a reasonable time to buy Chainlink, but caution is still warranted.
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