The Federal Reserve is expected to take a call on May 01, 2024, regarding a rate cut. By the looks of it, the crypto community is anticipating selling pressure, with the weight falling on the entire market. Analysts have estimated a probability of 95.6% for the Federal Reserve to not make any change in the rate. Amid that situation, there are still seven under-rated altcoins that could deliver better results with a huge potential.
The Politifi meme coin was launched recently and has gained traction since then. Despite a low in the last 24 hours, MAGA VP registered a surge of 1.57% in the last hour at the press time. The token is currently listed at $0.1258, with the potential to rise as high as $0.5 by the end of this year. The MAGA VP price for 2030 has been predicted to be around $ 0.357372 on the lower end and $ 0.579447 on the high end. MAGA VP could gain 348.27% by 2030 if it reaches the upper price target.
The Sandbox announced a partnership with CoinDCX to encourage engagement in the metaverse. That was in November last year, and the announcement may have just done its job. SAND is rallying at around $0.4377 after peaking at $0.7823 in March. This means it could still bounce back to that high level after the correction phase is over.
Osmosis has seen a huge dip of 4.85% in the last 24 hours, but it remains on the list due to a rise in the 24-hour volume. That is up by 32.22% at the time of writing this article. OSMO is backed by the community, which aims to take it closer to $0.9486 from the current value of $0.8956. That is likely to pave the way for a jump to $1 by the end of this year.
The current value of GALA is $0.04387, up by 12.59% in the last year. However, it has shed approximately 7.74% in the last 24 hours. One core reason why GALA is an under-rated altcoin is because there is speculation about the GalaSwap launch kicking in. It did so in February this year, causing a surge of around 20%.
Ethena is interestingly closer to surpassing the milestone of $1. Currently rallying at $0.7913 with an increase of 15.06% in the last 30 days, ENA is poised to test the resistance of $0.9 by the middle of the year and then move to the dollar landmark.
Wrapped Dogecoin is exchanging hands at $0.1417. The trade is pretty reddish at the moment, but it was way above $0.150 a couple of hours ago. It has retraced to a low but holds the potential to make a bull run as the upward trajectory is gaining momentum since the last 2-3 hours at the time of articulating this piece.
Seven altcoins are currently the potential candidates that may have a big impact. However, it is recommended to conduct thorough research before allocating funds to any of the above-mentioned altcoins. One can register and start trading on Bitmex after having done their research.
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
The US midterm elections on November 3 could become a major market catalyst, with investors…
BlackRock's AI Infrastructure Push Highlights Energy Investment Opportunities The rapid expansion of artificial intelligence is…
Global markets are heading into a volatile week as investors prepare for the U.S. midterm…
SUI price has remained under strong bearish pressure since the start of Q4 2026, which…
Chainlink (LINK) could be approaching a recovery phase after its recent correction, according to crypto…
With the November 3 U.S. midterm elections just one day away, investors are watching how…
