The crypto market is known for its volatility, but seasoned analysts know how to spot potential in the chaos. One such analyst of Selected Investments recently brought to attention a selection of altcoins that show resilience and potential for rapid growth once market sentiment shifts. Here’s a detailed analysis:
Livepeer: Livepeer is a decentralized video streaming platform. Although not in the analyst’s portfolio, it’s been talked about for its recent performance.
Notcoin: Notcoin, a gaming token on the TON blockchain, has gained significant traction in the past few weeks, showcasing the potential of blockchain-based gaming assets.
Render: Render, a decentralized GPU rendering network, saw its price dip below $8 but quickly rebounded by 15% within 24 hours. This rapid recovery shows its strength in the current market. The analyst notes that Render is leading in the AI space and suggests keeping an eye on it for further growth.
Fetch.ai: Fetch.ai, an AI and machine learning-driven blockchain platform, also climbed 15% in the past day, showing great performance amid market fluctuations.
Injective Protocol: Injective, a decentralized derivatives trading platform, maintained its upward trajectory, gaining 15% over the last 24 hours and showing resilience even during broader market dips.
Uniswap: Uniswap, a leading decentralized exchange, has rebounded well, reflecting investor confidence and strong trading activity.
Pendle and Ondo: Both Pendle and Ondo are tied to the Ethereum narrative, particularly with the upcoming Ethereum spot ETFs. Ando also has ties to the RWA narrative through BlackRock, positioning it well for future growth.
Akash Network: Akash, a decentralized cloud for GPU computing, is lagging behind Render. The analyst points out that Akash could be an opportunity for those bullish on AI, given its current underperformance compared to Render.
While the gaming sector isn’t seeing major rebounds, notable mentions include Notcoin and Metal (MTL). The analyst believes the gaming sector will eventually peak again but advises caution until clearer signs of a rally emerge.
Also Read: Ripple & Archax Partner Up! Millions in RWAs to Hit XRPL
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