Altcoins
Top Three Altcoins Set to Soar
Explosive gains coming soon: There is growing concern about a possible further drop in the price of Bitcoin. On June 26, the price of Bitcoin fell back to $61,000, further alerting investors. Analyst Altcoin Buzz has taken to his latest analysis and asked: “Are we on the verge of a bigger Bitcoin price drop?” At the same time, he said three altcoins look primed for bigger rallies and have huge potential.
Piece 1: Ondo
The analyst speculated that Ondo’s price could soon rise. This follows previous expectations that Ondo would hit a new all-time high and dominate the market after its price hit $1.48 on June 3. Contrary to these predictions, Ondo’s price has since fallen by 18% from its peak. For Ondo, recent developments indicate that a bullish prediction could materialize.
Currently, Ondo’s market cap stands at $1.15 billion. This metric is essential for identifying regions of accumulation and distribution. If the realized market cap is higher than the market cap, it usually signals a potential downside in price. Currently, Ondo’s market cap is $1.7 billion, indicating that the lower realized market cap supports a bullish outlook for the price.
Part 2: Close to the protocol
Launched in 2018, Near Protocol is gaining traction as its network activity expanded in the first half of the year. Recent data suggests that Near is poised for a breakthrough in terms of user adoption and public attention. The growing network activity is also reflected in the volume of assets flowing into versus out of the network. Sustained net bridge inflows typically indicate growing user confidence and optimism about the future of the network.
Part 3: Follow
Sui, a layer 1 blockchain, recently partnered with Copper, a leader in digital asset custody. Copper’s expertise is expected to streamline asset management and security on Sui, starting with native tokens like the Ando USD Yield (USDY) stablecoin. This partnership aims to address the specialized needs of institutional finance, including efficient treasury operations and the expansion of financial activities within blockchain.