The market volatility is on a constant rise as less than 3 months remain until the next Bitcoin halves. The market has started to witness a significant inflow of digital assets, indicating more investors are holding onto their respective tokens.
With the growing hype of various tokens in the crypto market, we have prepared a list of the top 3 tokens that could turn your investment of $1 into $100 within the upcoming weeks.
After a minor upswing, the crypto markets are consolidating within a narrow range, indicating the presence of bullish influence
The Graph (GRT):
The Graph is an indexing query protocol that is used to organize data. It is used to collect, process, and store data from various blockchain applications. The GRT token is the native token of The Graph and is used for all the payments of this network.
The Graph (GRT) token has added over 11% within the past week and has cumulatively added over 15% over the past month, indicating strong fundamentals for this token in the market.
Also Read: Top Reasons Why Bitcoin Price Will Hit $100K in 2024
The GRT token is constantly trading under a bullish influence and currently trading with a price tag of $0.1865 and has an ATH of $2.88, making it a potential token for the upcoming rally.
Hedera (HBAR):
One of the most unique projects the crypto industry has ever witnessed, the Hedera token is a secure crypto token that is not based on traditional blockchain technology. Hedera also provides a staking facility to its users through which they can earn more HBAR tokens.
The Hedera supports the Ethereum Virtual Machine (EVM) which means it can handle ERC-20 smart contracts on its base. It is primarily used for paying transaction fees and micropayments.
The HBAR price has added over 7% within the past seven days, over 4% during the past month, and is currently trading with a price tag of $0.08357. This makes Hedera (HBAR) a potential pick for this list.
Bonk (BONK):
Bonk (BONK) is presently the most hyped token of the Solana ecosystem and also the best performer of the previous year, with over 600x returns on investment.
It offers a quick transaction facility and is used as a mode of payment for various Solana-based projects. The hype for this token is on the rise constantly, indicating a strong backing-up for this token from the crypto market
The Bonk price has added over 3% within the last seven days and has cumulatively added over 4% during the past month. With Bonk token’s massive community and bullish market sentiments, it is one of the top picks for your portfolio this year.
Also Read: Top Reasons Why Bitcoin Price Will Hit $100K in 2024
The crypto markets are trying hard to recover after facing an acute pullback in the past few days. Bitcoin’s price had fallen below $65,000, bringing the entire cryptocurrency market to its knees. Among them, there are some altcoins which are displaying acute strength and may go along with a minor change in the trade dynamics within the space.
Conclusion:
The crypto industry is presently trading under a strong bullish influence, indicating a massive rise in the inflow from investors. Further, these tokens are currently the best performers from their respective categories and possess strong fundamentals, making them the top picks for this article.
This article is not subjected to any tips/advice, it is made for research purposes only and does not promote any financial-based advice. However, it is best suggested to do your own research before investing as cryptocurrency is highly volatile.
Dylan began by addressing the recent fluctuations in Solana’s price, acknowledging a slight pullback followed by a bounce. Despite the short-term volatility, Dylan remained optimistic about Solana’s long-term prospects, stressing the importance of watching major support levels and key indicators. He explained the $158 to $160 range as a crucial support zone for Solana, with the 50-day moving average providing additional support around $152 to $153.
Also Read: Ethereum (ETH) Price All Set To Hit $4.5K This Week
Shifting focus to Pendle Finance, Dylan noted the price increase and improved fundamentals following an airdrop. With growing interest in Pendle among investors, Dylan explained the importance of riding the current trend while maintaining a cautious approach. He outlined a strategy of monitoring key support and resistance levels, highlighting the $5.44 to $5.45 range as a critical support zone for Pendle.
Dylan also shared an analysis on other tokens, including FTM and AVAX, discussing their current positions and potential trading strategies. He talked about the importance of adapting to market conditions, particularly in the face of recent price fluctuations
Gala Games’ token, GALA, is currently hovering around a significant support level, indicating a potential bounce. The key support levels to watch for GALA are at 0.537 and 0.51, with the latter reinforced by the 50-day moving average.
Also Read: Theta Network Price Prediction
Similarly, Render Token (RNDR) bounced from the 618 Fibonacci retracement level but faced rejection afterward. Key support levels for RNDR are at $8.75 and $7.8. These zones are crucial for potential rebounds and should be closely monitored by traders. Moreover, the market sentiment for meme coins seems to be mixed, with some experiencing significant gains while others face losses.
RWA Altcoins Primed for 100x-1000x Gains
An analyst has expressed extreme bullishness on Real World Asset (RWA) cryptocoins, asserting that this sector is one of the most undervalued in the market and has massive potential. Analyst Crypto Rover delved into why he believes RWA coins present an interesting investment opportunity.
Explaining the current market landscape, the analyst pointed out that meme coins have dominated as the most profitable altcoin narratives in 2024, with RWA coins following closely behind. According to data from CoinGecko, meme coins have surged by 1300%, while RWA coins have seen a significant increase of 286%. Additionally, AI-related projects have also performed well, witnessing a growth of 222%.
Despite recent market downturns, particularly affecting meme coins, RWA coins have shown resilience. The analyst noted that while meme coins suffered a decline of over 177% in the last 7 days, RWA coins have maintained a relatively stable position. With RWA coins currently occupying a lower ranking on CoinGecko, the analyst believes there is plenty of room for growth in this sector.
The analyst explained the essence of RWA coins: They tokenize real-world assets, allowing investors to gain fractional ownership of tangible assets. According to the analyst, this unique characteristic distinguishes RWA coins and positions them for long-term success. While meme coins have captured market attention, RWA coins offer greater potential in terms of usability and adoption.
Identifying three RWA coins as his top picks, the analyst discussed their strengths and potential for growth. The first coin mentioned was Emerald Company, which has witnessed remarkable gains since its inception and currently boasts a market cap of around $11 million. The analyst mentioned Emerald’s innovative approach of tokenizing emeralds, offering investors a stake in real-world assets.
The second pick was Propchain, a project focused on real estate tokenization and rental income distribution. The analyst expressed confidence in Propchain’s long-term potential, citing its solid fundamentals and market positioning.
Finally, the analyst mentioned Soil as his third pick, noting its recent surge in value and promising outlook. With a market cap of approximately $70 million, Soil presents an attractive investment opportunity in the RWA sector.