Although the cryptocurrency market has been dazzling with its potential for a long time, choosing new stars to bring profit is like looking for a needle in a haystack. At this point, analysts’ comments attract attention. Users should not blindly believe what every analyst says. Still, it may be useful to look at the explanations of some of them. The latest video from the popular YouTube channel Crypto Banter sheds a ray of hope. Cryptocurrency expert analyzed the market and identified cryptos such as SUI coin that will rise in this cycle.
Expectations for AR, SOL, TON and NEAR drew attention
At the top of the Crypto Banter list is the innovative decentralized storage protocol Arweave, with a market value of $2.487 billion. Analysts foresee a strong buying opportunity at the $30 level, potentially yielding 26.41%. On the other hand, Solana, which ranks first in terms of blockchain activity, stands out with its speed and low transaction fees. Currently trading at $171.7, Solana is expected to rise 15.6% from its current price.
Toncoin, formerly known as Gram, is the native cryptocurrency of the Telegram-affiliated TON network, with a Total Locked Value (TVL) increase of 560% in the last 30 days. Near Protocol, known for its speed and connections to artificial intelligence developments, is currently trading at $7.62, with a price increase of 22.90% expected.
SUI coin and other cryptos are also on analyst’s list
Rune is an integral part of the liquidity pools of the THORChain platform. With a market cap of $1.8 billion, analysts recommend a purchase price of $5. On the other hand, there is SUI coin on the analyst’s list. Sui is a permissionless smart contract platform using the Move programming language. There has been significant inflow from Ethereum (ETH) in the last three months, outperforming AVAX and SOL in this regard. Ethereum remains an indispensable part of the crypto world, continually benefiting from its extensive use in decentralized applications.
According to the analyst, Coinbase, as a leading cryptocurrency exchange, could gain significantly from the adoption of ETH ETFs. Trading at $231 and having a market cap of $56.8 billion, the company is expected to see growth driven by transaction, custody and staking services. Fantom is used for staking, voting, payments and transaction fees on its network. Currently trading at $0.82, FTM is projected to experience a price increase of 8.90%. Finally, BASEDAI, which brings together artificial intelligence and Elon Musk meme culture, offers a unique cryptocurrency experience. Analysis shows it is poised for a modest 2.1% increase from its current price.
These 10 altcoins represent high-potential projects in the cryptocurrency space, according to the analyst. However, investors need to do careful research. It is especially critical that you act in accordance with your own investment strategy. Remember, these are not investment advice.
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