The door to interest rate cuts has been opened, and the difficult days are coming to an end. The altcoins will not be as weak as before. The reason for the previous weakness was that the pie circle was getting bigger and bigger, and there were more and more currencies, but the funds in the market were limited, which led to the weakness of most altcoins. Once the Americans start to cut interest rates, funds will be redistributed, but this requires a process. For example, when the interest rate began to rise, it took more than 1 to 2 years for the big pie to fall from 69,000 to 1.5, but it will not take so long for the altcoins to explode. At least before the Spring Festival, it is foreseeable that the overall increase will be 2-3 times.
There are 5 altcoins that have the potential to surge 100 times in this bull market, which are worth investing in!
BEAM
Beam is making great strides in the blockchain gaming space with the addition of ArcadiaGamesIO and BalliesUniverse to its ecosystem. ArcadiaGamesIO is currently developing on Beam, enabling users to play classic games like chess and checkers with others on-chain.
Additionally, BalliesUniverse is launching on Sphere, offering a web3 sports gaming platform with strategy games, applets, and iGaming. As their series will be released on Immutable zkEVM, they are now part of the BuildOnBeam program.
Beam is trading at $0.03433, up 8% in the past 24 hours. In addition, Beam has experienced 17 up days in the past 30 days, which means that the daily closing price is higher than the opening price on more than half of the days. This indicates a relatively positive market trend. In addition, Beam has high liquidity relative to its market capitalization, which improves accessibility for traders and investors. From the perspective of market sentiment, Beam's outlook is neutral, and the price is expected to double this month.
XRP
The XRP market is showing signs of potential bullish activity, with technical patterns suggesting a possible breakout. A key pattern is a series of higher highs and higher lows, which often signals a continued uptrend. This suggests that XRP's price is gradually rising on the back of strong demand as it holds a key support level, represented by a green line on the chart.
Currently, XRP is trading at $0.5829, down 2.33% in the past 24 hours. Despite the recent decline, the coin remains above its 200-day simple moving average. Over the past month, XRP has closed above its opening price 16 out of 30 days (53% of the time), showing continued bullish momentum.
As of September 18, 2024, market sentiment around XRP is generally positive, with 26 technical indicators showing bullish signals. Additionally, XRP outperformed major cryptocurrencies in the third quarter, gaining 22.32%, while tokens such as Bitcoin and Ethereum experienced significant declines.
SFP
SafePal recently expanded support for Venom, a blockchain focused on scalability and security. Users can now manage Venom assets through mobile and hardware wallets, enhancing the versatility of the SafePal platform. In addition, SafePal has integrated Kaia Chain, allowing users to manage assets on this chain with reliable security, fast performance, and environmentally friendly blockchain solutions.
Additionally, the network has introduced Arabic language support for its wallet app. This development opens the door to decentralized finance for the Arabic-speaking community, making it easier for them to explore DeFi solutions.
SFP is priced at $0.7524, with a slight increase of 5% in the past 24 hours. It is trading above the 200-day simple moving average, indicating a favorable trend. The coin has experienced an uptrend for 15 days in the past 30 days, indicating a stable momentum.
ANCHOR
ANKR has shown strong recovery momentum in the recent time. It established support at $0.020 and is currently moving towards its target of $0.046 on a considerable volume. The ongoing bullish trend of Bitcoin is likely to further support the momentum.
In its most recent rally, ANKR recorded a notable gain of 460%. Today, the price is $0.02732, up 11% in the last 24 hours. Over the past year, ANKR has increased in value by 36%, with 18 days (60%) last month closing higher than opening. The asset also exhibits good liquidity relative to its market cap.
The short-term forecast indicates a small increase to $0.03 (10%) tomorrow, followed by stronger growth over the weekend.
WEMIX
WEMIX has recently undergone a series of updates to position itself as a leading Web3 platform focused on improving the overall community experience. Major updates to the platform include the introduction of the WEMIX PLAY Feed and an enhanced wallet system through the WEMIX PLAY application, designed to optimize users’ wallet management.
In addition, the new registration process and the release of PLAY tokens are also part of the effort to simplify user interactions. The WEMIX PLAY application now offers a unified wallet system, in line with WEMIX 3.0's goal of providing a more efficient and user-friendly experience.
The WEMIX token is priced at $0.9028 and is up 2.87% in the last 24 hours. It is up 32% year to date and has a 15/30 day uptrend.
