The crypto market is still in an uncertain position. Therefore, many investors are wondering when we will see better stability or if it is time to sell their tokens to avoid large losses. However, some altcoin projects have been sending bullish signals lately. crypto expert Lawrence Mike Woriji shares 3 of them.
First ranked altcoin: Bitcoin SV (BSV)
Bitcoin SV (BSV) has increased by over 30% in the last 7 days. Thus, it reached the top among the 100 largest cryptocurrencies. BSV is currently trading at $43.64. And it has a 24-hour trading volume of $202 million. Its circulating supply is 19.2 million BSV and its market cap is $841 million.
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— Bitcoin SV (@Bitcoin_SV_) July 31, 2023
One possible reason for BSV’s growth is the belief that another bull run could begin in October. Such hopes were raised Monday after news emerged that the SEC had approved iShares’ spot ETF application. But the news was fake.
Bitcoin SV claims that it exists to fulfill the master plans of the Bitcoin Blockchain, as contained in Satoshi Nakamoto’s white paper. The altcoin project aims to provide stability and scalability in line with the original idea of Bitcoin as a peer-to-peer electronic cash system. It also has a distributed data network that hosts advanced Blockchain applications.
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— Bitcoin SV (@Bitcoin_SV_) July 13, 2023
In second place is Rollbit Coin (RLB)
cryptokoin.comAs you follow from , a few weeks ago, the price of the RLB token dropped very sharply. So much so that everyone wondered if it would drop to zero. Surprisingly, the altcoin was one of the prominent cryptocurrencies in the second week of October. RLB price has increased by 27% in the last 7 days. RLB is currently trading at $0.1615. Additionally, the 24-hour trading volume is approximately $8.3 million. Meanwhile, RLB has a market cap of $532 million. Data shows that there is a growing demand for this coin. Buyers are eager to enter the market at its current price.
🔥 Rollbot.eth, the $RLB maestro! With 1.426M $RLB bought at an average of $0.135, equivalent to $193K, their recent acquisition, amid a 10% surge. Seriously, how bullish are they with $RLB 🤑https://t.co/ou6e2CeToO
— Wallacekk7745 (@Wallace11801561) October 16, 2023
Market sentiment and technical data indicate a bullish trend for this altcoin. Its developers launched the RLB token as part of the Rollbit lottery. They did not do an ICO for the token. Instead, Rollbit airdropped the token to users of Rollbit.com, its casino and trading platform. Meanwhile, Rollbit has recently entered the Italian betting market as the official partner of Italian football team Napoli.
Rollbit sees itself as the largest crypto casino. Additionally, it attracted a lot of attention from gamers and gamblers. Rollbit has other offers besides casino games. Rollbit provides futures trading with 1,000 leverage. Notably, the RLB token has no inflation. This is partly because the team bought back RLB from its proceeds and burned it.
It has been 10 weeks since the RLB Dashboard began tracking Rollbot’s hourly buys & burns!
Last week we surpassed 20,000 holders and burned $1,147,222 worth of $RLB! https://t.co/LeeUoKepXc pic.twitter.com/0VkUlwBcgM
— Rollbit (@rollbitcom) October 17, 2023
Last ranked altcoin: Stacks (STX)
Our latest project is Stacks. STX increased by 13.74% in the last 7 days. It is currently trading at $0.556. Additionally, the 24-hour trading volume is approximately $48 million. Stacks is like any layer 2 blockchain. But it is built on Bitcoin. Unlike Bitcoin, Stacks can handle smart contracts and Dapps. It also includes different areas such as social or wallets as well as finance or NFTs.
Welcome to #Stacks 💜 👇
⭐ A #Bitcoin layer for smart contracts
⭐ Enabling smart contracts and decentralized applications to trustlessly use $BTC as an asset
⭐ Setting transactions on the #Bitcoin blockchain
⭐ Unlocking #Bitcoin Decentralized Finance, NFTs, BNS, and more pic.twitter.com/VoHnypE1dx— stacks.btc (@Stacks) February 21, 2023
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing. We also recommend that you take into account the volatile nature of the cryptocurrency market.
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