What is the best altcoin to buy before the bull run? These five low-cap altcoins set to soar in the upcoming bull market. Read before making planning your next crypto move.
Buckle up, crypto enthusiasts, because Bitcoin is on a tear! As of today, February 19, 2024, the world’s leading cryptocurrency has surpassed the $52,000 mark, marking yet another all-time high. This surge has sent shockwaves through the crypto market, leaving many investors wondering: is this the start of a long-awaited bull run for altcoins?
While Bitcoin continues to dominate the headlines, altcoins – the diverse and innovative alternatives to Bitcoin – have been quietly simmering in the background. Many experts believe that 2024 could be the year altcoins finally take center stage, fueled by increased institutional adoption, the development of groundbreaking decentralized finance (DeFi) applications, and the ever-expanding use cases for blockchain technology.
This article will explore five altcoins that have the potential to explode in value during the upcoming bull run. We’ll delve into each coin’s unique value proposition, recent price movements, and expert predictions for the future. So, whether you’re a seasoned crypto investor or just dipping your toes into the market, this guide will equip you with the knowledge to make informed investment decisions and potentially capitalize on the altcoin boom of 2024.
Uniswap (UNI)
How much is one UNI worth: $6.87
As per data on Binance, the real-time value of Uniswap stands at $6.873887 for each UNI/USDT pair, boasting a market capitalization of $4.11 billion USD. Over the past 24 hours, its trading volume has reached $89.38 million USD. The UNI to USD exchange rate is continuously updated, reflecting real-time market conditions. Uniswap has experienced a growth of +1.05% in the past day, supported by a circulating supply of 598.19 million UNI tokens.
Uniswap (UNI) as one of the world’s largest decentralized exchange (DEX), has an impressive total-value-locked (TVL) that’s expected to keep climbing, hinting at a bright future. Its edge lies in eliminating intermediaries, enabling direct crypto trading, which aligns perfectly with the booming DeFi market.
Recently, Uniswap embraced Version 4, showcasing its dedication to user experience. The game-changer? “Hooks,” a revolutionary feature for automated market makers (AMMs), empowering developers to interact with asset pools with newfound flexibility and creativity. This innovation injects even more value and functionality into the platform.
Uniswap Labs stays true to its decentralized roots by actively involving the community. This ensures the platform evolves in tandem with user needs and preferences, solidifying its position as a responsive and user-centric leader in the DeFi space.
Market Cap Data:
| Ranking | 21 |
| Market Capitalization | $4,566.61M |
| Circulating Supply | 598,187,015 UNI |
| Maximum Supply | 1,000,000,000 UNI |
| Total Supply | 1,000,000,000 UNI |
| Historical High | $44.9740635 |
Polygon (MATIC)
How much is one MATC worth: $0.88
As per latest data on Binance, the current price of Polygon is marked at $0.889057 per MATIC/USD, with the overall market valuation standing at $8.55 billion USD. The 24-hour trading volume has been recorded at $378.99 million USD. The MATIC to USD rate is meticulously updated to mirror the live market scenario. Over the last 24 hours, Polygon has seen an upward movement of +1.34%, underpinned by a circulating supply of 9.62 billion MATIC tokens.
Polygon (MATIC) stands tall as a prominent Layer 2 scaling solution for Ethereum, tackling the network’s scalability hurdles and paving the way for mainstream adoption. Its impressive partnerships with renowned brands like Fox Corporation, DraftKings, NFL, Starbucks, and Nike illustrate its growing influence and potential.
Analysts in the field, including Michaël van de Poppe, have observed that MATIC has demonstrated steadfastness at crucial support levels over extended periods, with signs of liquidity absorption suggesting a readiness for an upward trajectory. Although MATIC has faced some challenges in performance lately, predictions are circulating about a potential major upswing, with forecasts pointing towards a target range of $1.25 to $1.50. This would represent an impressive increase of roughly 90%, signaling a strong optimism surrounding MATIC’s future market movements.
Market Cap:
| Ranking | 14 |
| Market Capitalization | $9,519.71M |
| Circulating Supply | 9,618,345,465 MATIC |
| Maximum Supply | 10,000,000,000 MATIC |
| Total Supply | 10,000,000,000 MATIC |
| Historical High | $2.9232349164289433 |
Price Chart:
Immutable X (IMX)
How much is one UNI worth: $2.98
The current price of Immutable is set at $2.988264 for each IMX/USD pair, showcasing a market capitalization of $4.05 billion USD. The volume of trades over the last 24 hours is noted at $152.90 million USD. The IMX to USD exchange rate is dynamically updated, ensuring accuracy with live market trends. Immutable has witnessed a positive adjustment of +2.97% within the last 24 hours, supported by a circulating supply of 1.36 billion IMX tokens.
Immutable X (IMX) enters the arena with Sphere, a dedicated NFT marketplace for gamers. This strategic move solidifies their position in the booming gaming market, further amplified by partnerships with influential players like Polygon, VanEck, and Ubisoft.
Support from industry leaders like VanEck and Ubisoft not only bolsters IMX’s credibility but also opens doors to capturing a significant market share. This strategic positioning has fueled investor confidence, resulting in a price surge within the past week, climbing from $1.89 to $2.31 (11.09% increase). Additionally, market capitalization jumped over 20%, exceeding $3 billion.
Market Cap:
| Ranking | 22 |
| Market Capitalization | $4,527.01M |
| Circulating Supply | 1,355,429,364 IMX |
| Maximum Supply | 2,000,000,000 IMX |
| Total Supply | 2,000,000,000 IMX |
| Historical High | $9.49739338704633 |
Price Chart:
Disclaimer:
I see you are interested in cryptocurrencies that can potentially turn $10 into $1000 in 2024. While I cannot give you any financial advice or guarantee any returns, I can share some information from the web about some altcoins that have been mentioned by various sources as having high growth potential.