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Everyone knows about the giants in crypto. Coins like Bitcoin and Ethereum are the most popular and sought-after investments, even years after they’ve launched and reached their peaks. However, these coins come with hefty prices, which not many can afford. Luckily, the crypto market is nothing if not versatile, and there are many cryptocurrencies that are priced far less than Bitcoin and Ethereum and can still bring great returns. The seven most promising cryptocurrencies that experts recommend right now include Polygon (MATIC), Algotech (ALGT), Blur (BLUR), THORChain (RUNE), Optimism (OP), NEAR Protocol (NEAR), and Render (RNDR).
Summary
Polygon (MATIC) Is Giving Bearish Readings: When Should You Buy the Dip?
Polygon (MATIC) has been losing value since December 2023. At the moment, Polygon (MATIC) is trading at $0.760, marking a 15.36% decrease in price in seven days. With that said, analyses into Polygon (MATIC) indicate that a bearish momentum will continue to unravel for Polygon (MATIC), but there’s a silver lining.
Namely, even though the sentiment around Polygon (MATIC) is still bearish and the token is losing value, Polygon (MATIC) is still trading above an ascending support trend line. This signals to experts that Polygon (MATIC) will begin to bounce back soon, especially with the influx of new developers that Polygon (MATIC) has been seeing.
So, Polygon (MATIC) has the chance to reach $0.96, and when it does, it can quickly surge to $1.10 before the year ends.
Algotech (ALGT) Leads the Market With Revolutionary Strategies and Huge Returns
Algotech (ALGT) is a decentralized, advanced algorithmic trading platform that eliminates the need for manual trading. Instead, Algotech (ALGT) uses AI, advanced machine learning, quantitative research, and extensive data analysis to automate trades and execute them at much higher speeds. So, with Algotech (ALGT), you can eliminate all the issues with manual trading, such as slow execution speeds, greed, clouded judgment, emotional bias, fear, inexperience, and more.
With the use of the above-mentioned technology, Algotech (ALGT) finds lucrative crypto opportunities and buys/sells at the right time. All you’d need to do to make money trading with Algotech (ALGT) is buy some ALGT tokens and choose an algorithmic trading strategy you want to use. Then, the platform will follow the strategy automatically and pay out dividends in return, allowing you to create a passive income stream for yourself. The dividends Algotech (ALGT) pays out are a set percentage of the 30% performance fee that Algotech (ALGT) offers.
The algorithmic trading strategies that you can choose from with Algotech (ALGT) include breakout trading, mean reversion, arbitrage, trend following, bull market strategies, bear market strategies, and sideways market strategies.
The Algotech native token, ALGT, will start off its seed stage at $0.04. Then, it’ll launch at $0.15, marking 275% returns for early ALGT holders, even before the token really adapts to exchanges. So, the 450% returns are only the beginning for Algotech (ALGT), and experts say that the token is set to jump in value even more in the future.
Blur (BLUR) Is Set to Reach Up to $0.80 by February and Even Higher in the Near Future
Blur (BLUR) has shown excellent signs of a bullish future these past few days. Namely, Blur (BLUR) managed to beat all odds and experience price gains after large token unlocks. The most recent token unlock saw 49.46 million BLUR tokens released to the market, and many expected Blur (BLUR) to plunge in price.
However, it did not, and now Blur (BLUR) is trading at $0.664, which marks a 25.99% increase in Blur (BLUR) value in the past month. Blur (BLUR) is also up in the weekly and daily charts, and experts are confident that Blur (BLUR) has the potential to reach $0.80 by next month and even higher further down in 2024.
Moreover, Blur (BLUR) has been doing well in trading volume, which is another great indicator of growth. So, with all of that in mind, Blur (BLUR) represents an excellent crypto under $5 to invest in today.
THORChain (RUNE) Is on the Precipice of a Huge Rally as Bulls Strengthen Their Actions
THORChain (RUNE) is slowly making a comeback from its previous price decreases. Namely, in just one day, THORChain (RUNE) managed to surge in value by 4.34%, now trading at $4.17. Also, the THORChain (RUNE) market cap and THORChain (RUNE) trading volume are up, signaling a positive future for the token.
All of these signs point to an impending bull run for THORChain (RUNE), and experts are saying that now is a great time to buy RUNE tokens and hold for the increase. The positive movements that THORChain (RUNE) has been experiencing are largely due to RUNE securing self-custody wallet integration. This new THORChain (RUNE) development opened a huge space for new users to come in, and when you look at the numbers, that’s exactly what’s been happening.
THORChain (RUNE)’s Relative Strength Index (RSI) is also on a positive rise, now standing above 50. This indicates that sentiments around THORChain (RUNE) are bullish and that the token is in a bullish momentum. Experts are saying that THORChain (RUNE) holders can now expect a rally that would bring the token’s price to $5.22 soon.
Also, you should be aware that THORChain (RUNE) was one of the best crypto coins in 2023, even though it experienced some decreases. The token hit a snag due to the developers being focused on new updates, and when those come in, THORChain (RUNE) can easily redeem its place as one of the best coins on the market in 2024.
Optimism (OP) Will Jump Significantly in Value if Ethereum ETFs Become a Thing
Since Optimism (OP) is an Ethereum scaling solution, it is influenced greatly by how Ethereum moves. Namely, many times, Optimism (OP) has gone up and down in value when Ethereum has also, which clearly shows the tight relationship between the two.
What’s most important about this relationship is that when Ethereum increases in price, Optimism (OP) usually does the same with more fervor, and the same goes for when Ethereum falls – Optimism (OP) falls harder.
Right now, Optimism (OP) is trading at $3.17, which is a 42.42% boost in value for the token in the span of 30 days. Experts are saying that the positive movement will continue for Optimism (OP) in 2024, especially if Ethereum ETFs get approved.
As people wait for the SEC’s final decision on the matter, Ethereum, Optimism (OP), and other related tokens are expected to rise in price, and if the ETFs are approved, these tokens will surge greatly and might even reach new highs. The SEC is set to make its decision in May 2024, and Optimism (OP) investors are now holding their breath (and their tokens) in anticipation.
Even though experts aren’t certain what kind of decision the SEC will make on this matter, they’re still recommending Optimism (OP) as one of the most promising and lucrative cryptocurrencies to buy this year. That’s because Optimism (OP) has great potential to grow even without Ethereum.
NEAR Protocol (NEAR) Likely to Hit $4.964 by the End of This Year
If you look at NEAR Protocol (NEAR) right now, you’ll see red in all parts of your screen. Namely, NEAR Protocol (NEAR) has not been having a good start to the year, plummeting by 12% in just seven days. Also, the NEAR Protocol (NEAR) market cap and trading volume are down, and the token is trading at $2.96 at the time of writing.
However, NEAR Protocol (NEAR) is gearing up for great things this year, so the rocky start shouldn’t be a discouragement at all. Recently, NEAR’s Data Availability platform integrated with Polygon CDK, allowing users to conduct 8,000 times cheaper transactions compared to the ones on the Ethereum mainnet. So, with this integration, the NEAR Data Availability layer is available for all customers of Polydon CDK, which is likely to lead to an increase in NEAR Protocol (NEAR) usage.
The boost in usage will also boost the value of NEAR Protocol (NEAR), and analysts are saying that NEAR Protocol (NEAR) could reach the $4.964 mark in 2024. Also, phase 3 of sharding is scheduled for this year, which will adjust the number of shards based on supply and demand. Another factor that will positively affect the price of NEAR Protocol (NEAR) is Bitcoin’s halving event, which has been met with optimism so far.
All in all, there are quite a few factors that could help NEAR Protocol (NEAR) surge in price in 2024, which is why it is one of the most promising cryptocurrencies under $5 right now. And if all the positive factors happen, NEAR Protocol (NEAR) will increase to much higher than the predicted $4.964 by the end of this year.
Render (RNDR)’s Neutral Trend Is Bound to Turn Bullish if It Breaks Out of Its Key Resistance Level
Observing the recent price movements of Render (RNDR) has indicated to crypto analysts that Render (RNDR) could turn bullish very soon, provided it breaks out of the $4.146 resistance level. At the moment of writing, Render (RNDR) is trading at $4.12, which is a great sign that Render (RNDR) bulls can persevere and take the token to the next level.
In the past, Render (RNDR) constantly showed a neutral trend, and then it jumped overnight and reversed it into a bullish rally. As we know, history has a knack for repeating itself, and it’s close to doing so now. The Moving Average Convergence Divergence (MACD) shows a rising histogram for Render (RNDR), which indicates buying pressure in the community. Also, Render (RNDR) averages display a constant rise, which is an even clearer sign that Render (RNDR) will continue to increase in value in the weeks to come.
If Render (RNDR) bulls push the token above $4.146, Render (RNDR) can then surge further to $4.407 and even $4.631. And since all signs point to the Render (RNDR) bulls pulling through, many say that Render (RNDR) is now ripe for the taking.
*This article was paid for. Cryptonomist did not write the article or test the platform.
