The most worthwhile 20x altcoin project after the 50-point rate cut
Sui (SUI): The strong player of the moment
Like AAVE's performance, SUI is another coin whose inclusion may surprise few. In fact, it has become one of the big winners in the top 100 altcoins in the cryptocurrency market. The increase is as impressive as 42.80%.
Currently, the native token of the first-layer blockchain is trading at $1.17. Judging from the daily chart, bulls have helped the token establish greater support. In addition, the golden cross validates the rise and may contribute to a more dramatic rise.
LayerZero (ZRO)
LayerZero is another altcoin that may benefit from the Fed's rate cut announcement. In the past 30 days, the ZRO price has risen by 16%. But in addition to the price increase, Deutscher also mentioned an optimistic outlook. In fact, since the project will not release (vested) tokens further until July 2025. This may reduce the selling pressure for nearly a year.
BeInCrypto agrees with this view, as the lack of token unlocking will reduce the supply shock that ZRO may experience. On the 4-hour chart, the ZRO price fell from $4.16 to $3.87. However, the $3.87 level has historically been a major support area for the coin.
Fantom (FTM): An Altcoin in Good Shape
Like AAVE, FTM is one of the current altcoins. Despite its large market cap, it has seen impressive gains recently.
The rise, which represents a price increase of nearly 50% in the past 30 days, may be related to the upcoming completion of Fantom’s Sonic upgrade.
As of this writing, FTM is priced at $0.57. However, according to the Chaikin Money Flow (CMF) indicator on the daily chart, the price of the coin may still rise. CMF indicates whether accumulation exceeds distribution or vice versa.
