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The altcoin market is currently offering various opportunities, especially for investors looking to target coins showing relative strength. Despite the current dip, it’s widely believed that the market will eventually recover, and those altcoins that have maintained strong liquidity during this downturn are likely to lead the charge during the next rally. Here a few altcoins listed by analyst Miles Deustcher:
Altcoin 1: Move
Move is a new coin focused on on-chain trading. As a layer-one protocol, it powers decentralized finance (DeFi) and blockchain apps. Its potential for growth is strong, and it’s a good pick for long-term investors looking for an infrastructure coin.
Altcoin 2: Beam
Beam is a token for the gaming sector, an area that’s growing fast in crypto. It’s a strong player in blockchain-based gaming, with a solid community and exciting future developments. Beam has the potential to continue growing as the gaming industry expands.
Altcoin 3: Ondo
Ono focuses on tokenizing real-world assets like real estate and fine art. It has been gaining attention for its potential to disrupt traditional industries by bringing assets on-chain. Ono’s performance during market dips shows it’s strong, and it could see big growth as the tokenization trend grows.
Altcoin 4: Chintai
Chintai is another coin focused on tokenizing real-world assets. It works with large-scale investments like virtual power agreements and real estate. Recently, Chintai has secured several big partnerships, which could lead to massive growth in the future.
Altcoin 5: Hyper Liquid
Hyper Liquid is a layer-one utility coin that’s been performing well in the market. Its airdrop strategy helped build a strong community, and its utility in blockchain infrastructure gives it a promising future. It’s a good choice if you’re looking for an infrastructure-focused coin.
Altcoin 6: Peaq Network
Peaq Network is a decentralized finance (DeFi) platform that’s been gaining popularity. It offers solutions for developers to build and scale DeFi apps, and its strong fundamentals suggest it could outperform in the future as DeFi continues to grow.
Altcoin 7: Convex Finance
Convex Finance helps users earn rewards on their liquidity provider tokens by participating in Curve Finance’s liquidity pools. It’s a solid choice for DeFi investors looking for exposure to liquidity provision.
Altcoin 8: Virtual
Virtual is an AI-driven coin that combines blockchain technology with artificial intelligence. As AI continues to grow, Virtual has a strong chance of benefiting from this trend. It’s an exciting coin for investors looking to explore the intersection of AI and crypto.
Altcoin 9: Curve Finance
Curve Finance is a decentralized exchange (DEX) on Ethereum. As DeFi continues to expand, Curve’s strong reputation and large user base make it a top altcoin to watch.
