Cryptocurrency investors are eagerly awaiting an altcoin season that will happen at any time. Essentially, even tokens trading below $1 can already have a large market cap with limited growth capacity. In this context, crypto expert Vinicius Barbosa selects four altcoins from different capital levels. The expert says these selections are attractive choices to prepare for the subseason.
Top secret altcoin Radix (XRD): Below $1 billion market value
Radix (XRD) has the potential to reach a market value of $1 billion in 2024. XRD is currently trading at $0.042 with a capitalization of under $500 million. Notably, the promising layer-1 DeFi Blockchain native token apparently broke out of the downtrend from April 2023. XRD was trading above $0.14 at the time. It is possible that a positive price movement could trigger growth next week.
Algorand (ALGO) ranks second: over $1 billion
Algorand (ALGO) is another low-cap cryptocurrency with a market cap of $1.57 billion. ALGO broke out of a short-term triangle in early February. Moreover, the token continues its uptrend at $0.195. If Algorand maintains this strong momentum indicated by the 66.06-day Relative Strength Index (RSI), the eco-friendly layer-1 Blockchain could look for significant price resistance at $0.24.
VeChain (VET): Ready for strong growth?
Recently, analyst Ali Martinez reported VeChain (VET) as a trading opportunity at $0.035 in an analysis. The altcoin project has a market value of $3.45 billion. According to Martinez, it is possible that VET could see a 1,900% increase. In this context, the analyst said, “If history repeats itself, VET is likely to rise to $0.054 this week. “It may experience a brief correction by June and then rise to $0.70 by November!”
Last place altcoin: Cardano (ADA) for established projects
Cardano is a choice for investors who prefer sub-$1 cryptocurrencies with larger capitalization. ADA has a market capitalization of more than $20 billion. Despite this, it is trading at $0.60. For now, he is struggling to overcome this resistance. Interestingly, the token broke out of a multi-year downtrend in October 2023 with developments in the DeFi ecosystem. In this context, Cardano added over 5,000 smart contracts in February. Moreover, Cardano’s founder recently warned the cryptocurrency community about the dangers of legacy financial institutions for the decentralized environment.
As a result, the cryptocurrency market is facing regulatory pressures. Additionally, it still has a highly variable environment. Investors need to know the risks and uncertainties before investing capital in cryptocurrencies below $1.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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