Experts Back These 3 Crypto Outsiders To Outperform Most Of The Crypto Top 10: Hedara, Remittix and Algorand
The post Experts Back These 3 Crypto Outsiders To Outperform Most Of The Crypto Top 10: Hedara, Remittix and Algorand appeared on BitcoinEthereumNews.com.
Cryptocurrency is constantly changing, and sometimes the big names aren’t the ones to watch. Three exciting projects—Hedera (HBAR), Remittix(RTX), and Algorand (ALGO)—are gaining attention for their unique features and potential to outperform bigger coins. From faster payments to eco-friendly solutions, these “crypto outsiders” are proving they might be the future of blockchain. If you’re looking for the next big thing in crypto, these could be worth keeping an eye on. Let’s see why! Hedera’s HBAR Price Drops by 12% in a Week Originally trading at $0.26, Hedera’s cryptocurrency, HBAR, has dropped by 12% in the past week and is at its lowest in seven days. This decline indicates that consumers in the market lack confidence in its near future. Given the Long/Short Ratio of 0.86, many traders believe the price will continue to drop. More people expect the price to drop than those expecting it to rise. Less people trading HBAR futures currently is still another indication of problems. Called open interest, the total amount of money in these trades has dropped by 17% to $315 millions. Simultaneously, a chart displaying the amount of HBAR (also known as the Accumulation/Distribution Line) purchases has declined by 6%, indicating reduced consumer demand. Experts predict that if this trend keeps on, HBAR’s price would decrease to $0.24 and maybe as low as $0.16. On the other hand, should demand for HBAR rise, it might revert to $0.33. Though this is only a projection, the market is fast changing. Before you decide to invest, always conduct some independent study. Algorand (ALGO) Price Jumps by 10% With its price growing by 10% in the past 24 hours to $0.39, Algorand (ALGO) has been performing considerably better. This makes it among the cryptocurrencies today performing the best. What then is ALGO’s next step? Certain professionals believe…
Filed under: News - @ January 16, 2025 11:21 am