The market is full of anticipation as the major token unlock event is scheduled to release $755 million worth of tokens in July 2024. This event is expected to have a significant impact on various tokens, prompting investors to strategically adjust their portfolios. Rose, Xai, Tron are the best altcoins to buy before this major event.
1.ROSE
Oasis was developed to solve two important computing problems: privacy and scalability. The protocol allows developers to build dApps that promote data privacy on Oasis or other EVM-based chains. It does this by leveraging Sapphire, a resourceful platform supporting decentralized AI development and Web3.
Meanwhile, the project's native token ROSE is a multi-functional token that can be used for trading, staking, and validator delegation. Token holders have the right to participate in the governance decisions of the platform. The platform's multi-layer architecture expands its versatility, making it a perfect choice for a wide range of applications.
Furthermore, the market sentiment around ROSE is clearly positive, with the Fear & Greed Index scoring 70, which means there is a general sense of greed among investors. Additionally, the 14-day relative strength index is hovering above the 70 line, placing the token firmly in overbought territory. This position also means that the token may soon see sideways movement.
Meanwhile, ROSE is trading at $0.09402 today, indicating a small gain of 1.79% over the past 24 hours. Nonetheless, the token is up 19.37% over the past month and 80% year-to-date. Its sizeable market cap ensures ample liquidity, and increased trading activity indicates continued dominance of market interest.
2. TRX
TRON is an outstanding platform that aims to decentralize the Internet through blockchain-based protocols. It is committed to fostering a harmonious community of content creators and content consumers. The platform was developed to simplify the content creation and distribution system, eliminate intermediaries, and simultaneously reduce the cost of content creation.
TRON is led by a group of innovative experts who have achieved outstanding achievements in the blockchain and Web3 industries. These experts use their extensive experience to create, expand, and maintain the utility of TRON. In its latest development, Tron has made significant progress in the entertainment category of the decentralized Internet.
Furthermore, TRX has maintained strong performance in the cryptocurrency market despite the fierce competition. The token has steadily gained 1% in the past 24 hours and 13.8% in the past month, trading at $0.1345, while posting a massive 65.74% year-to-date gain, indicating its long-term value. The token is trading above its 200-day SMA, highlighting the growing investor confidence and increased participation in the entire network.
Overall, the growing popularity of decentralized applications (dApps) on the Tron platform is expected to drive an increase in future demand for its tokens. Considering Tron’s solid growth and upcoming dApp developments, it continues to attract investors interested in the long-term prospects of blockchain innovation.
3. XI
Xai (XAI) has been making great strides recently, thanks to its high trading volume and sizable market capitalization. The coin’s significant growth can be attributed to its unique features and growing support from the community. Currently, the coin is being touted as a high-growth asset in the altcoin space, attracting interest from traders and analysts.
Recent market data shows that XAI is developing well despite being a growth asset with significant volatility. The coin’s historical highs and lows reflect its strong market performance, and current trading activity indicates high community and investor engagement. Predictions for the coin suggest that its price could surpass $2 before the end of 2024. This prediction is supported by the coin’s rapid market adoption and strategic developments surrounding the token.
Despite the volatility, the market sentiment for XAI remains positive. Currently, the coin is trading at $0.3666, indicating a 15% increase in the past seven days. The recent support and resistance levels suggest that it will soon rise further. Although XAI’s short-term indicators are neutral, its long-term development is impressive.
The future looks bright for Xai due to its strong market fundamentals and innovative approach. The token's ability to maintain and grow its market capitalization, along with strategic development and active community engagement, indicates its long-term prospects. However, market volatility and external economic factors could affect its growth trajectory.
