The cryptocurrency market remains bumpy after the Bitcoin halving, with some coins struggling to rebound. Bitcoin (BTC) is slowly returning above $60,000, hoping to find support for its next big move. Investors need to remain vigilant during this consolidation phase, as this could be an opportunity to ride the upward trend.
Institutional investors are now paying more attention to interoperability and tokenization of real-world assets. Even before the market fully takes off, the prices of these assets are climbing. The goal is to identify the next explosive cryptocurrency and inform investors and traders about each token.
The bull market has huge potential! The most worthwhile cryptocurrencies to buy at the bottom!
LTC
After a steady decline, Litecoin found support near $75.00. It then started a recovery and broke the $78.00 and $80.00 resistance levels.
According to TradingView, Litecoin prices fell more than 19% last month, causing many holders to lose money. However, during this drop, big investors bought more coins.
The increase in buying by large investors has helped Litecoin’s market sentiment to turn positive. Its value has increased by 2.61% in the past 24 hours. When this indicator reaches such a point, it indicates the potential for price growth. Moreover, the increase in open interest suggests that the upward trend in prices may continue.
New survey results from a prominent payment processor indicate a significant shift in the way people are transacting with cryptocurrencies. By May, Litecoin processed almost twice as many payments as Bitcoin, indicating a growing preference for the cryptocurrency.
This shift may be due to rising Bitcoin transaction fees. Reports show that the average Bitcoin fee has climbed to around $100, which may hinder its use for small, frequent payments. As a result, users are turning to cheaper alternatives such as Litecoin, which offers similar blockchain benefits but without the high fees.
Despite the recent 19% drop in Litecoin’s price, large investors remain optimistic and are buying more tokens. While there is uncertainty in the market right now, the increase in open interest suggests that prices could rise in the future.
ORDI
ORDI, a cryptocurrency that operates within the Ordinals Protocol ecosystem and has gained attention for its role in decentralized finance (DeFi), has seen a notable surge over the past day, gaining 0.86% from $36.94 to $3.16.
ORDI’s price has risen by an impressive 90% in the last year, outperforming 51% of the top 100 crypto assets. In addition, it is currently trading above its 200-day simple moving average, indicating a favorable trend. The token also exhibits high liquidity according to its market capitalization.
Additionally, Ordi (ORDI) has received attention for its potential to contribute to the growth and usability of DeFi. The token’s performance suggests that it is well-positioned to play a significant role in the future of decentralized finance.
Analysts are optimistic about ORDI’s potential, predicting that collaboration with other networks could push prices to $152.51 by the end of the year. This outlook reflects confidence in Ordi’s trajectory and the potential for significant future growth in the DeFi space.
TON
According to TradingView experts, Toncoin (TON) is a good buy option in the short term. One analyst said that it looks positive due to the breakout of the falling wedge pattern and more trades. Moreover, the price is above the strong support area.
Toncoin (TON) recently broke out of the descending channel it had been in since April. Now, the price is retracing back to the old resistance level as support. Analysts believe that now is a good time to buy in the short term.
Currently, Toncoin is trading at around $6.05. Analysis suggests that it could rise to around $10, which would mean an opportunity to make nearly 100% profit.
In April, news surfaced about a collaboration between the TON Foundation and HashKey Group. The alliance aims to strengthen the management of the TON ecosystem treasury in the Asia-Pacific region.
By working together, the organizations aim to leverage HashKey Group’s expertise to enhance the infrastructure and efficiency of the TON ecosystem. Together, they seek to expand the region’s crypto user base and improve their access to technology.
BEAM
Beam has gained attention for its developer-centric approach, leveraging the Beam SDK to simplify game development. The toolkit has contributed to a diverse ecosystem that hosts hundreds of games.
Amid recent market action, Beam’s cryptocurrency price has notably increased by 3.95% over the past week, indicating the potential for further gains. This performance has sparked bullish sentiment towards Beam’s future, especially in the gaming space.
This potential growth aligns with the broader trend of accessibility to online crypto gaming driven by projects like Beam. As of writing, the token is trading at $0.02403, with an intraday gain of 0.70%.
Its market cap currently stands at $1,188,863,615, up 0.73% intraday. The sentiment surrounding the Beam price prediction is optimistic, with estimates suggesting that the price might reach $0.0554 by the end of Q4 2024.
BEAM’s position as a top token in the gaming space is due to its commitment to supporting developers and fostering a strong gaming ecosystem. This ethos, coupled with favorable market sentiment and growing adoption, makes Beam one of the best cryptocurrencies to buy right now.
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