Altcoins
Most Undervalued Altcoins Expected to Surge 10X in 2024!
With a steady rise in price volatility, the cryptocurrency market continues to register a mixed sentiment as major tokens continue their struggle to maintain their respective value above their crucial support levels. While mid-cap and small-cap tokens have witnessed a significant uptrend.
Scroll down because in this article, we have covered the market sentiments, price analysis, and short-term price targets of 3 altcoins that have the potential to register up to 10X surge this year.
ALEX price records a strong bullish reversal:
ALEX price continued to move under a bullish influence by adding 88.59% to its portfolio in the last day with a trading volume of $51.43 million, a change of +1,279%. Additionally, it jumped 130.85% in the last seven days and about 49% in the last 30 days.
TradingView: ALEX/USDT
The Moving Average Convergence Divergence (MACD) is showing a sharp rise in its green histogram, indicating an increase in buying over selling pressure in the crypto space. Moreover, its averages are showing a bullish trend, suggesting that the price will continue to gain momentum.
If the market continues to trend in a bullish mood, Alex coin price has the potential to see up to 3X growth in Q3. Moreover, it is trading at a 74.34% discount to its previous ATH, highlighting a positive long-term outlook.
SPECTRE AI (SPECTRE):
Built on the Ethereum blockchain, Spectre AI was introduced to the market on November 14, 2023. SPECTRE AI is a revolutionary project that is currently working on creating an all-in-one tool for blockchain predictions on Telegram and dApps.
With a trading price of $1.63, a circulating supply of 9,093,998 tokens, and a total supply of 10,000,000 SPECTRE tokens, it has managed to secure the 866th position in the global cryptocurrency list with a market capitalization of $14.726 million.
Despite a neutral trend recorded over the last 24 hours, SPECTRE price has added 17.72% to its portfolio over the past week and 17.30% over the past month. Moreover, this altcoin has rewarded its long-term investors with a YTD return of 3,481%.
OctaSpace (OCTA):
Despite increasing selling pressure, OCTA price has seen a jump of around 4% in the past day with a trading volume of $1.025 million. Furthermore, it has surged by 19.12% in the past day and 25.95% in the past month and has a YTD of +231.42%.
TradingView: OCTA/USDT
The Relative Strength Index (RSI) continues to hover near its overbought zone and is about to test it again, indicating increasing buying pressure within the cryptocurrency market.
On the other hand, the SMA indicator has registered a bullish curve in its 1D time frame, suggesting a positive outlook for OCTA price in the coming weeks.
If the market pushes OctaSpace price above its resistance level of $2.40, the bulls will regain their momentum and prepare to test its upper resistance level of $3. However, if the bears regain their momentum, the OCTA cryptocurrency will plunge towards its lower support levels.