1、GHOST
Aave is a decentralized finance (DeFi) platform that allows users to lend and borrow cryptocurrencies and has shown significant growth. The platform recently underwent a website overhaul, which greatly improved the user experience.
Aave is known for its massive Total Value Locked, which currently stands at $20 billion across 13 networks. Despite some inflationary pressures in the past, $AAVE supply remains relatively manageable, with a total supply of 16 million and a circulating supply of 15 million.
The token’s potential is clear, as evidenced by its price surging to $600 and a market cap of $8 billion at its peak in 2021. This suggests that AAVE could have considerable upside in the future, especially given the current bullish market trend and continued development of the platform.
2, ACT
Act 1: Artificial Intelligence Prophecy (ACT) swept through the cryptocurrency market, skyrocketing over 60% in just 24 hours. According to CoinMarketCap data, its trading volume surged by 293.50%, reaching $776.38 million. This rapid growth was triggered by Binance's announcement of listing $ACT, with trading set to begin on November 11.
Prior to this, the Binance listing acted as a catalyst, pushing the token above its 50-day and 200-day simple moving averages (SMA), indicating a strong bullish trend. The Relative Strength Index (RSI) is currently at 95, suggesting that the token may be overbought and potentially overvalued.
Technical indicators remain positive, with the Moving Average Convergence Divergence (MACD) showing bullish signals as the MACD line crosses above the signal line. If buying momentum continues, $ACT could break through higher levels, with optimistic investors targeting a price of $1.00.
Market sentiment is extremely optimistic, with the Fear and Greed Index scoring 78, indicating 'Extreme Greed.' Predictions suggest that if the cryptocurrency market remains favorable, the average price of $ACT could reach $2.19 by 2024. However, if conditions worsen, the token's price could drop to $0.39. Currently, the rise of $ACT demonstrates its potential, but investors should closely monitor signs of market shifts or adjustments.
3, ADA
Cardano is one of the most well-known altcoins in the cryptocurrency market, holding a significant position with a current market capitalization of $38 billion.
Its previous all-time high reached an astonishing $91 billion in 2021, when ecosystem competition was lower, making it easier for Cardano to capture a larger share of the blockchain market. Despite increased competition today, Cardano's growth potential remains strong.
In March 2024, its market capitalization was $26 billion, and it has since remained above this level, currently testing a resistance level of $38 billion. The circulating supply of $ADA is 75% of its maximum supply of 45 billion coins, indicating a healthy growth trajectory with no significant inflation risk.
Although Cardano may not achieve the high volatility returns seen with other altcoins, it is considered a safer choice that can offer steady growth and has the potential to approach its previous market capitalization peaks.
With the rise of the altcoin market, ADA may continue to climb to the $40 billion mark, making it a reliable choice for investors seeking stability in the current bullish trend.