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Explosive Gains Ahead: There’s growing concern about a potential further decline in Bitcoin’s price. On June 26, Bitcoin’s price fell back to $61,000, further alerting the investors. Analyst Altcoin Buzz took to his latest analysis and asked ‘Are we on the brink of a bigger dump in Bitcoin’s price?’ Meanwhile, he said that three altcoins look prime for bigger rallies and have huge potential.
Coin 1: Ondo
The analyst speculated that Ondo might experience a price rally soon. This follows previous expectations for Ondo to hit a new all-time high and dominate the market after its price reached $1.48 on June 3rd. Contrary to these predictions, Ondo’s price has since dropped by 18% from its peak. For Ondo, recent developments indicate that a bullish prediction might materialize.
Currently, Ondo’s realized cap stands at $1.15 billion. This metric is crucial for identifying accumulation and distribution regions. If the realized cap is higher than the market cap, it typically signals a potential price decline. As of now, Ondo’s market cap is $1.7 billion, indicating that the lower realized cap supports a bullish outlook for the price.
Coin 2: Near Protocol
Near Protocol, launched in 2018, is gaining traction due to its expanding network activity in the first half of the year. Recent data suggests Near is on the verge of a breakthrough in user adoption and public attention. The network’s increasing activity is also reflected in the volume of assets entering compared to those leaving the network. Sustained net bridging inflows generally indicate growing user confidence and optimism in the network’s future.
Coin 3: Sui
Sui, a layer-1 blockchain, has recently partnered with Copper, a leader in digital asset custody. Copper’s expertise is expected to streamline asset management and security on Sui, starting with native tokens like the Ando USD yield (USDY) stablecoin. This partnership aims to meet the specialized needs of institutional finance, including efficient treasury operations and the expansion of financial activities within the blockchain.