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Analyst Identifies 4 Altcoins Set to Explode In 2024

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Altcoins are poised to kickstart a new crypto bull run, with analysts urging investors to accumulate them before they surge. Citing previous cycles in 2017-2018 and 2019-2020, experts believe the market has transitioned from an “accumulation phase” to an “uptrend phase.” Typically, large investors strategically buy crypto during dips, spearheading the accumulation phase.

Altcoins
Analyst Identifies 4 Altcoins Set to Explode In 2024 2

The analyst highlights four altcoins with potential for significant growth. The first on the list is the RWA token ONDO of Ondo Finance. This project builds financial software for managing tokenized real-world assets and traditional crypto products. ONDO trades at $0.64, and its market cap stood at $890 million.

Second is the open-source, decentralized computing platform Golem that facilitates AI computing power. Its native token, GLM, is worth $0.28, with a market cap of $280 million. ATH token of Aethir Cloud is another notable project that has been making waves lately, especially in the emerging DePIN sector. It builds a decentralized real-time rendering network for the metaverse, aiming to improve content accessibility. The ATH currently hovers at $0.059, Market Cap: $239 million.

Lastly, DeFi project Ravencoin: A peer-to-peer blockchain designed for efficient asset creation and transfer. Its in-house token RVN’s price trades at $0.017; the market cap is $245 million.

Is the Altcoins Bear Market Over?

Since their March peaks, many altcoins have plummeted by a substantial 60-70% struggling to regain momentum. This bearish trend has ignited widespread panic among holders of altcoins as the market appears stagnant hindering a quick rebound.

However, leading market analyst Captain Faibik earlier predicted a rebound starting in mid-September. Overall, there is some optimism on the potential for altcoins to bounce back to March’s high in the fourth quarter. This outlook gives a slight relief to investors who have been facing an era of low volatility and falling prices. This feeling can be attributed to most of the traders in the crypto market considering waiting for the market to shift to a more volatile situation.

That said, this article reports on an analyst’s opinion and should not be considered financial advice. Readers are urged to conduct their research before making any investment decisions.

Bitcoin’s Soaring ATH Golden Moment: $71K Peak, Silver Takes Backseat

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Bitcoin, often hailed as the epitome of digital assets, has once again etched its name in the annals of financial history. Surging past $71,000, it not only set a new all-time high but also flipped the market capitalization of silver, solidifying its status as the digital counterpart of gold.

This milestone, achieved with remarkable frequency since the beginning of March, underscores Bitcoin’s relentless ascent in the world of finance. On Friday, as reported by TWJ, the cryptocurrency breached the $70,000 mark for the first time, only to soar higher, reaching $71,239.37 early on Monday—a gain of 2.7% since yesterday and 11.4% since the previous week.

As Bitcoin’s value soars, different platforms present slightly varying figures, but the trend remains unmistakable. At approximately 9:20 Central European Time, BTC’s price hovered around $71,700 on Coinbase, $71,560 on CoinGecko, and $71,607 on CoinMarketCap.

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Source: X

This surge in value comes just months after BTC outpaced Tesla, Meta, and Berkshire Hathaway, cementing its position as the eighth-largest asset by market capitalization, now standing at an impressive $1.4 trillion. Despite still trailing behind giants like Microsoft, Apple, and Amazon, BTC’s ascent is nothing short of meteoric.

Bitcoin Halving: Catalyst for Bullish Rally

One significant catalyst driving this bullish rally is the impending BTC halving, slated to occur in approximately 35 days, according to estimates from NiceHash. This event, which has occurred three times previously, entails a reduction in the reward granted to Bitcoin miners for processing new blocks on the network. With this fourth halving, the reward will shrink from 6.25 BTC to 2.125 BTC, further constricting the supply of new BTCs.

This scarcity-driven model has long been cited as a fundamental aspect of BTC’s value proposition, akin to the scarcity of gold. Just as gold’s limited supply underpins its value, the decreasing supply of new BTCs via halving events reinforces Bitcoin’s appeal as a store of value in the digital age.

With Bitcoin’s relentless surge, coupled with its looming halving event, the cryptocurrency continues to captivate investors and enthusiasts alike. As it consolidates its position as a digital store of value, Bitcoin’s journey to mainstream acceptance and adoption appears more assured than ever before.

Bitcoin HODLing Strengthens as 69% of Supply Remains Inactive for Over a Year

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On-chain data reveals that an impressive 69% of the Bitcoin supply has remained inactive for at least one year, signaling a robust commitment among long-term holders (LTHs).

Highlighted by analyst Root in a recent post on X, the all-time high (ATH) percentage of BTC supply untouched for over a year is part of the broader group known as long-term holders.

These LTHs constitute a significant segment of the Bitcoin investor base, with the counterpart being short-term holders (STHs). At the same time, different analytics platforms may define the boundary differently. Generally, a cutoff of five to six months separates these two cohorts.

Investors holding coins for periods shorter than this threshold fall into the STH category, while those holding more extended periods are considered LTHs.

Historically, the more prolonged the period a holder keeps their coins dormant, the less likely they are to move them. In simpler terms, as the supply ages, the probability of it being sold decreases. LTHs, therefore, represent a more committed part of the market, resisting easy selling even during market rallies or downturns.

Investors surpassing the 1-year threshold demonstrate even stronger commitment within the LTH category. Currently, a substantial portion of the total Bitcoin supply falls into this category, and this percentage has been steadily growing, as illustrated in the accompanying chart.

Bitcoin’s Inactive Supply Surges

Despite Bitcoin’s more than doubling in value since those lows, these investors have chosen to hold onto their assets rather than succumb to the temptation of profit-taking. This steadfast commitment suggests that these investors may have even greater expectations for the asset, holding out for further price appreciation.

The graph indicates that the percentage of Bitcoin supply inactive for more than a year has recently experienced a notable increase, reaching an all-time high of 69%. This is particularly noteworthy considering that BTC was trading around its post-FTX exchange collapse lows one year ago.

With such a significant portion of Bitcoin effectively locked away from the selling supply, the outcome of the ongoing Bitcoin rally becomes an intriguing aspect to watch.

Orbeon Protocol (ORBN) Continues To Set ATH In bear Market, Minifootball Growth Plateaus

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As we approach the end of the year, shrewd investors are inevitably looking for the projects most likely to yield the highest returns. There are two that have attracted particular attention: the soccer-based meme token, Minifootball, and a disruptive newcomer in the second stage of its presale — Orbeon Protocol, that’s already seen prices explode almost 700% .

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN)

Orbeon Protocol looks destined to change the face of the venture capital space. Using blockchain technology, the multi-chain Orbeon Exchange enables businesses to access funding while also building a passionate community around their idea. It does this by utilizing fractionalized equity-backed NFTs to allow the millions of micro-investors to invest in the round for as little as $1.

The ecosystem is fuelled by the utility token — ORBN — which is necessary for participation in funding rounds, and also their launch in the first place. Holding of the token is also more broadly incentivized through a host of other perks for holders, such as voting rights on governance issues for the platform, alongside trading discounts and cashback. It even allows for access to exclusive investor groups and some of the most in-demand funding rounds. The supply is also favorable at just 888 million, with 40% available in the public presale from as little as $0.0302.

One of the most appealing elements of Orbeon Protocol for investors, is how seriously the project has taken security and the safety of users. To this end, the team’s token allocation is locked for a year prior to quarter releases, and liquidity on the ORBN token is locked until 2032. Not only does the smart contract feature a “Fill or Kill” mechanism to ensure funds from funding rounds that do not meet their targets are immediately returned to investors, but the code has all been audited by the respected Solid Proof team.

>>BUY ORBEON TOKENS HERE<<

Minifootball

With the FIFA World Cup tournament in Qatar underway, Minifootball is unsurprisingly attracting a lot of attention. Minifootball has tried to move into gaming territory, with a fantasy game previously in development and a game using the project’s NFTs on the roadmap.

Despite the lack of roadmap deliveries, Minifootball has proved effective and so has the marketing —Minifootball has had support from famous names such as Ronaldinho, Marcelo and Arturo Vidal, all having offered their backing.

Off the heightened attention during the World Cup, if Minifootball can deliver and maintain its celebrity marketing, it could see a significant rise in price in 2023, and given its low market cap, if the stars align Minifootball might just see a 50x increase. 

>>BUY ORBEON TOKENS HERE<<

Conclusion

While Minifootball has attracted some attention, it’s clear to serious investors that Orbeon Protocol is the most compelling project from crypto that many have seen for years. This is why market analysts have already issued predictions that the token value of ORBN is forecast to increase 6000%, and if the adoption is as expected, who knows how high the value of ORBN could rise? 

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register 

Telegram: https://t.me/OrbeonProtocol 

Twitter: https://twitter.com/OrbeonProtocol