Altcoins
Experts Reveal Their Top Altcoin Picks for 2024
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As the 2024 bull run is underway, investors are eager to discover altcoins with massive ROI potential and with many options, selecting and investing in the right altcoins can be a challenge.
However, this article will help you narrow down your choices by revealing experts’ top altcoin picks that could bring substantial value increases: ETFSwap (ETFS), NEAR Protocol (UNI), Uniswap (UNI), and Render (RNDR).
ETFSwap (ETFS): A Top Altcoin Pick for 2024
ETFSwap (ETFS) is a tokenized blockchain platform that facilitates the trading of cryptocurrencies and exchange-traded funds (ETFs). Since its pre-sale launch, the platform has demonstrated exceptional results that have captivated the trading and crypto worlds.
ETFSwap (ETFS) offers advanced utility and futuristic value, providing users with access to various institutional ETFs, such as Leveraged ETFs, Commodity ETFs, Fixed Income ETFs, and Spot ETFs and popular cryptocurrency futures.
Improving the security of its platform, ETFSwap (ETFS) has optimized its privacy protocols using blockchain technology to ensure transparency and accountability. By eliminate KYC verification requirements and simplifying account opening processes, the platform allows users to quickly trade ETFs while protecting their personal information.
Additionally, ETFSwap (ETFS) has undergone a rigorous audit by CyberScopea renowned cybersecurity and blockchain auditing firm, validating its robust infrastructure and commitment to providing users with a secure business environment.
At the heart of ETFSwap (ETFS) is its native token, ETFS. This token facilitates transactions and trading tokenized ETFs and offers users exclusive benefits such as monthly rewards via token airdrops and staking options.
Additionally, investors can stake their ETFS tokens to earn staking rewards, passive income, and 87% APR yield. With over 120 million ETFS tokens sold and over $2 million raised in a short time, analysts predict that ETFSwap (ETFS) will take the crypto world by storm.
NEAR Protocol (NEAR): a layer 1 blockchain with high growth potential
NEAR Protocol (NEAR), a layer 1 blockchain designed as a community cloud computing platform, has recently attracted the attention of crypto experts. The price of the token is currently in a correction phase, trading within a time frame weekly range from $7.82 to $7.71.
The closest resistance level for NEAR Protocol (NEAR) is $8.88, while the closest support level is $6.80.
Technical indicators suggest mixed market sentiment for NEAR Protocol (NEAR). The Relative Strength Index (RSI) and Stochastic Oscillator indicate that the market is currently oversold, implying the potential for a price reversal.
In contrast, the NEAR protocol’s Moving Average Convergence Divergence (MACD) shows minimal momentum, suggesting a lack of strong buying pressure at the moment. Nonetheless, analysts suggest that NEAR Protocol (NEAR) price appears to be in a corrective phase and a recovery is underway.
Uniswap (UNI): Defying Altcoin Market Trends with Bullish Momentum
Another top altcoin pick is Uniswap (UNI), a decentralized trading protocol that automates the trading of DeFi tokens, which defies broader market trends. On May 29, the token reached a monthly maximum of $11.19, its best performance since early April, indicating new bullish momentum.
Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) on the daily chart Uniswap (UNI) also favor continued upward movement, potentially targeting resistance levels at $12.96 and $15.40.
Interestingly, this rise in Uniswap (UNI) price coincides with growing bullish sentiment regarding Uniswap’s response to recent SEC regulatory concerns. Overall, Uniswap’s recent price action and chart activity suggest a potential continuation of the uptrend.
Render (RNDR): Long-Term Price Outlook
Render (RNDR) is currently trading in the weekly range of $11.21 to $10.24. It established stable support at $8.43 and faces resistance at $12.66. Over the past week, Render (RNDR) has seen a price decline of 8.58%, while the one-month growth stands at 29.41%, indicating a market correction phase.
Render’s (RNDR) Relative Strength Index (RSI) is at 45.70, suggesting neutral market sentiment.
Despite the recent price correction, the long-term outlook for Render (RNDR) remains positive, with predictions that Render (RNDR) will reach an average price of $12.67 by 2025 and could reach a high of 26.84 $ by 2030.
Additionally, the growing adoption of decentralized applications and growing demand for GPU computing power is expected to drive the altcoin’s value higher in the coming years.
Which Altcoin Should You Buy First?
Although NEAR Protocol (NEAR), Uniswap (UNI), and Render (RNDR) are established cryptocurrencies with promising long-term potential, they may not be able to deliver substantial short-term profits to investors. In contrast, ETFSwap (ETFS) stands out as a unique platform that allows for short- and long-term gains.
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