Because the broader crypto market consolidates, one industry analyst has identified a select group of altcoins that would see exponential gains in the course of the anticipated “super-cycle” expected within the latter half of 2024. In an in depth social media post, the analyst, often called OxNobler, delves into the cyclical nature of the crypto market and highlights the aspects driving the upcoming uptrend phase.
Crypto ‘Supercycle’ Imminent?
In line with OxNobler, the crypto market consistently follows a four-phase cycle: Accumulation, Markup (Uptrend), Distribution, and Markdown (Downtrend). The analyst argues that understanding these distinct phases is crucial for investors searching for to capitalize on low cap altcoins and market trends to maximise their returns.
“We’re currently on the point of entering the Uptrend phase, which is ready to be fueled by a confluence of things, including the upcoming US election, potential rate cuts, the worldwide adoption of crypto ETFs, continued technological advancements, and shifts in China’s regulatory landscape,” explains OxNobler.
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Drawing on this market insight, the analyst has curated an inventory of six altcoins which might be poised to experience substantial growth in the course of the anticipated crypto super-cycle.
These tokens span a various range of sectors, including artificial intelligence (AI), decentralized finance (DeFi), real-world asset (RWA) tokenization, and more.
6 Low-Cap Altcoins Tipped To Skyrocket
First on the list is Numerai (NRM), an Ethereum-based platform that permits developers and data scientists to experiment with and create more reliable machine learning models.
With a current price of $11.75 and a market capitalization of $86 million, the analyst believes Numerai’s positioning within the trending AI sector makes it a compelling investment opportunity.
One other altcoin highlighted is TokenFi (TOKEN), a crypto and RWA tokenization platform aiming to simplify the tokenization process and emerge as a number one player within the space. Currently trading at $0.06 with a $60 million market cap, TokenFi’s role in bridging the gap between traditional and decentralized finance is seen as a key growth driver.
Ravencoin (RVN), an open-source proof-of-work blockchain enabling the issuance and control of utility tokens, non-fungible tokens (NFTs), and other digital assets, also makes the list.
With a market price of $0.015 and a $223 million market capitalization, Ravencoin’s positioning within the growing DeFi sector adds to its potential upside.
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The Fluence Project, with its native token FLT currently valued at $0.27, is one other intriguing prospect. As the primary decentralized “Cloudless” computing platform, Fluence goals to offer an open alternative to the dominant cloud computing giants, aligning with the analyst’s bullish outlook on the AI sector.
Realio Network (RIO), an end-to-end blockchain-based platform for the issuance, investment, and management of digital securities and crypto assets, can be included. Trading at $0.89 with a modest $5 million market cap, Realio Network’s deal with the RWA tokenization space is seen as a notable bullish catalyst for the analyst.
Last on the list, is the biggest altcoin among the many six by market cap, Pendle (PENDLE), a protocol enabling the tokenization and trading of future yield, rounds out the list. Currently priced at $2.63 with a market capitalization of $419 million, Pendle’s positioning within the DeFi sector aligns with the analyst’s broader thesis.
The every day chart shows PENDLE’s price downtrend experienced during the last months. Source: PENDLEUSDT on TradingView.com
Featured image from DALL-E, chart from TradingView.com