Recently, with the popularity of the Token2049 event, the warm atmosphere of the Mid-Autumn Festival, and the upcoming interest rate meeting in the global financial market, market volatility has intensified and variables have emerged frequently. For short-term traders, it is particularly important to remain flexible and avoid over-expecting market trends. Currently, the primary resistance level above Bitcoin is set at around $59,300, so it is necessary to operate with caution.
In such an uncertain period, many altcoins seem to be brewing the potential to rebound from the bottom. However, it is worth noting that not all altcoins can stand out in the first round of the market, and only a few can rise quickly and become the focus. This makes people wonder, who will be the dark horse that stands out? This has become a mystery that investors have been discussing recently and is eager to be solved.
To capture this potential opportunity, we have selected six altcoins that may be worth considering buying at the current lows. Each of these currencies has unique project value, community support or technological innovation, and is expected to usher in explosive growth in the next market cycle. But remember that any investment decision should be based on in-depth research and risk assessment, and never blindly follow the trend.
In general, in the face of a complex and changing market environment, maintaining keen insight, flexible strategy adjustments, and a rational investment mentality will be the key for every investor to move forward steadily in the current and future markets.
Buy these cryptocurrencies in 2024 and get 100 times the return!
1.MATIC
With its deep integration with Ethereum and diverse DeFi protocols, Polygon has significantly strengthened its ecosystem architecture, driving steady growth in network adoption. As the core driving force of its ecosystem, the price of POL tokens has experienced a significant jump since it was launched on Binance and integrated into various products.
Looking ahead, Polygon Labs is excited to announce the upcoming Ahmedabad hard fork, a major update that requires all nodes to upgrade by block 62,278,656 to ensure a seamless transition. Although the current price of MATIC tokens is around $0.37, with a slight correction of 0.12% in the last 24 hours, its performance remains solid from a longer-term perspective, exceeding expectations of its initial sale price.
In the past month, MATIC token has demonstrated strong market resilience. A total of 17 trading days ended with gains, accounting for 57% of the trading days, highlighting its positive market trends. In addition, based on its significant liquidity in market value, MATIC’s trading activity on mainstream trading platforms such as Binance continues to be high. It is worth mentioning that its annual inflation rate remains in the negative range, specifically -42.99%. This data reflects the deflationary nature of the token and provides investors with additional confidence.
In the short term, the forecast shows that by September 23, 2024, the price range of Polygon may fluctuate between $0.38324 and $0.45049, indicating a small but steady growth potential. Looking further out to 2024, the broader forecast range indicates that the MATIC token may reach a price range of $0.38324 to $2.28, demonstrating the market's optimistic expectations for Polygon's long-term development prospects.
2.TRX
CoinStats recently announced an important development, namely the full acceptance of the TRON blockchain, which complements TRON's growing momentum in the blockchain landscape. The TRON network now ranks second in the industry with a total locked value (TVL) of $8.06 billion, second only to the leader Ethereum, demonstrating its strong appeal and value potential. At the same time, TRON's native currency TRX has successfully entered the top ten cryptocurrency market capitalization, a milestone achievement that further confirms the vigorous expansion of its ecosystem.
In this positive context, TRON founder Justin Sun gave the market a shot in the arm by predicting a “phenomenal week” for TRON-based memecoins, which bodes well for them in the current crypto bull run. These comments come on the heels of the launch of SunPump, a decentralized fair trading platform and memecoins, which has been gaining momentum since its launch on August 13, even outpacing the pump.fun platform on Solana, which took 217 days to reach the $100 million revenue milestone.
In the trading market, TRX's performance is also eye-catching. The current trading price is stable at around $0.14, and it has achieved a steady growth of 1.05% in the past 24 hours. On the technical level, TRX's trend is optimistic, and as many as 27 technical indicators point in a positive direction. Looking back over the past year, TRX's increase was as high as 78%, which surpassed more than 56% of the top 100 cryptocurrency assets in the market, fully demonstrating its strong upward momentum and widespread recognition by investors.
3.BE
The daily chart of SEI is showing a positive reversal picture, with the price approaching the key weekly resistance level of $0.3160, and all signs indicate that this obstacle may be overcome soon, leading to a potential upward trend. On a finer time frame (H1 chart), a clear vertical upward trend can be observed, and the triple bottom pattern formed on the daily chart strengthens its bullish outlook.
Currently, SEI is priced at around $0.29, with a 1.88% increase in the past 24 hours and a 123% annual increase, which surpasses 67% of its competitors in the top 100 cryptocurrencies, demonstrating its strong market performance. Although market sentiment remains stable overall, 17 technical indicators have sent positive signals, indicating a continuation of the bullish trend. In addition, based on a comprehensive consideration of its market value and liquidity, SEI has demonstrated a strong market position and trading vitality.
Looking ahead, based on current analysis, the price of SEI is expected to fluctuate within the range of $0.314025 to $0.432078 in the coming week, with a further push to September 23, 2024, and its target price is more likely to achieve significant growth of 37.59% .
Expanding the horizon to the rest of 2024, SEI's forecast trading range expands to between $0.314025 and $1.502707, with the upper limit indicating an astonishing 394.33% appreciation potential. These forecasts not only highlight SEI's growth potential in the short term, but also paint an exciting picture for its performance in the medium term. However, it is worth noting that the realization of all these beautiful visions will closely rely on SEI's ability to successfully break through those key resistance barriers.
4. BABY
From the analysis of market dynamics, Pepe (PEPE) is undoubtedly one of the cryptocurrencies that has drawn the most positive energy from the positive trend of the Ethereum ETF market. At present, PEPE is in a tightly constructed consolidation range, which often indicates that the price is about to usher in a decisive breakthrough, leading it to a higher price. At this moment, every movement in the market is particularly important, because previous historical data shows that similar consolidation is often a precursor to price surges.
In the context of the overall positive trend of the current cryptocurrency market, PEPE has shown strong potential for growth. This positive market expectation is not only affected by the internal dynamics of the crypto field, but also deeply driven by changes in the external political environment. For example, Donald J. Trump's vision of making the United States a global crypto hub and his plan to remove policy obstacles through personnel adjustments - removing Gary Gensler, chairman of the U.S. Securities and Exchange Commission, and appointing a new leader who is more supportive of cryptocurrencies - this series of measures has undoubtedly added more political momentum to the prosperity of the cryptocurrency market.
With the gradual optimization of the regulatory environment and the growing atmosphere of cryptocurrency innovation, meme tokens such as PEPE have also ushered in unprecedented development opportunities. In particular, when PEPE can successfully break through the current resistance level of $0.0000100 and show strong market momentum with the cooperation of trading volume, its price is expected to usher in a sustained bullish surge. The next target price is $0.0000139, and it is even expected to set a new high on this basis, bringing rich returns to investors.
5.ORDI
As signs of market recovery become more apparent, ORDI has become the focus of the market with its significant upward trend. Currently, ORDI's valuation has climbed to $30, with an annual increase of 480.53%. This outstanding performance undoubtedly demonstrates investors' high optimism about its future development. The current reading of the Fear and Greed Index is 77, pointing to a state of extreme greed in the market, further confirming the strong momentum of the ORDI upward trend.
It is worth noting that ORDI's trading price has significantly exceeded its 200-day simple moving average, leading by as much as 87.18%. This significant gap not only highlights ORDI's strong performance, but also indicates that it is expected to continue to lead the market in the future. At the same time, ORDI's high liquidity and huge market value complement each other, laying a solid foundation for it to continue to attract funds and attention.
Looking ahead, ORDI has shown great growth potential with its solid project foundation and broad community support. It is expected that by 2024, with the in-depth cooperation and integration with other blockchain networks, ORDI's token price is expected to further climb to $42.51. This forecast not only reflects the market's firm confidence in ORDI's future development trajectory, but also highlights its increasingly solid leading position in the cryptocurrency field and its strong momentum of continued growth.
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