Expert Names 3 Altcoins with Huge Potentials for Big Rally
The post Expert Names 3 Altcoins with Huge Potentials for Big Rally appeared on BitcoinEthereumNews.com.
Cody Buffinton, the host of the popular crypto YouTube channel Altcoin Buzz, highlights the top three altcoins primed for huge rallies, including Ondo (ONDO), Near Protocol (NEAR), and Sui Network (SUI). The industry commentator disclosed the list in a YouTube video posted on June 27, 2024, stating that the altcoins have huge potential for significant rallies. Ondo (ONDO) At the top of the list is ONDO, the governance token of Flux Finance and Ondo DAO. Notably, Ondo is a Coinbase-backed securities tokenization platform that combines blockchain tech with real-world assets (RWA). According to Cody, several investors anticipated a bullish rally for ONDO after its price reached an all-time high (ATH) of $1.48 on June 3. However, ONDO’s price has plunged 23.12% from its ATH, currently trading at $1.14. Notably, the expert said recent developments suggest that ONDO could be on track to surpass its previous ATH. In particular, he noted that ONDO’s realized cap metric, which identifies distribution and accumulation areas, stood at $1.15 billion during the video. He added that if the metric surpasses the market cap, it indicates a potential price decrease, and vice versa. With the market cap at $1.7 billion, Cody said ONDO could be primed for a price surge. Meanwhile, ONDO is ranked the 53rd biggest cryptocurrency by market cap. Near Protocol (NEAR) According to the crypto expert, NEAR is the second altcoin set for a jaw-dropping rally. For context, NEAR is the native token of Near Protocol, a Layer-1 blockchain launched in 2018. The platform allows developers to create and launch decentralized applications (dApps). He claimed Near Protocol gained significant attention in the first half of 2024 due to its increased network activities. This is reflected in the spike in Near Protocol’s TVL, which surged from $90 million in January to $324.5 million this…
Filed under: News - @ July 4, 2024 3:20 am