Bitcoin retreats to $42,000. Whale Accumulates 3 Altcoins Expected to Rise 200% in Upcoming Rally
The global cryptocurrency market capitalization has exceeded $1.71 trillion. Certainly, the price of Bitcoin ($BTC) surpassed $48,000, sparking a surge in market capitalization. However, the leading cryptocurrency soon stabilized back at around $42,000. But it was altcoins that continued to hit record highs. A reversal in the cryptocurrency market could be fleeting and the community believes that the upcoming rally in the cryptocurrency market is imminent.
Given the slow and steady rise in cryptocurrency market capitalization, altcoins will be one of the frontrunners to ride the upward trend. Therefore, it is important to bag these crypto assets before the next potential cryptocurrency rally. Here are a few tokens worth considering for the upcoming Bull Run:
Arbitrage ($ARB)
Arbitrum, an Ethereum layer 2 scaling solution, uses optimistic rollups to improve speed, scalability, and cost-effectiveness. The project’s resilience is evident in its ability to offload off-chain computations, delivering lower fees and higher throughput while maintaining the security of Ethereum.
ARB holders actively participate in governance through Arbitrum DAO, a recently established decentralized autonomous organization (DAO) structure. These changes serve to increase the attractiveness of the project by improving transparency and community participation.
Arbitrum’s success is built on proven technology that solves Ethereum’s scalability issues and delivers a more cost-effective and efficient experience for users. The community’s positive sentiment and active participation in governance discussions reflect a strong foundation for growth.
Arbitrum ($ARB), despite falling 85% over the past year, is currently trading at $1.7, presenting a promising investment opportunity for 2024. Despite the price decline, the $1.7 valuation serves as an attractive entry point for investors. With a strategic development roadmap and continuous improvements, Arbitrum stands out as a project with the potential for revival and long-term success in the dynamic decentralized finance environment of 2024.
Landshare ($LAND), a tokenized real estate ecosystem, offers people the opportunity to invest in Real World Asset (RWA) tokens. The native Landshare RWA ($LSRWA) token facilitates investments in select real estate properties. These assets are digitized via blockchain and each RWA token represents a specific portion of the asset’s value on a 1:1 basis.
$LAND, the Landshare native utility and governance token, is used for trading and exchange purposes across the platform. The rise in token prices clearly demonstrates the popularity and growth of the platform in recent years.
The $LAND token is currently trading at $1.45 after surging 15% in the last 24 hours. The token has jumped over 160% year over year to reach its current price level. The all-time high price (ATH) of $10 is enough to understand the potential of the token and where the upper limit lies.
Simply put, the token gained a price level during the last bull market, and if the same price level is repeated in the next bull market, $LAND token could rise 10x from here.
immutable ($IMX)
Immutable ($IMX) distinguishes itself as the first layer 2 scaling solution geared towards Non-Fungible Tokens (NFTs) on the Ethereum network. This platform solves critical problems inherent to Ethereum, such as low scalability, suboptimal user experience, illiquidity, and slow developer interaction. Immutable’s blockchain promises users instant transaction capabilities, significant scalability, and, most notably, a gas fee-free environment for NFT issuance and trading without compromising user or asset security.
In the dynamic landscape of blockchain and decentralized applications, Immutable ($IMX) emerges as an attractive investment option in 2024. Priced at $2, the token has experienced an incredible surge of 220% over the past year, making it a notable contender for investors pursuing it. Strategic Opportunity.
Investors eyeing Immutable in 2024 are drawn to Immutable’s unique position in the NFT space. The 220% surge in value over the past year reflects growing confidence in the project’s ability to revolutionize the NFT ecosystem. As blockchain technology continues to advance, Immutable stands out as a pioneer in providing powerful solutions to the limitations of Ethereum while also providing profitable investment opportunities in the rapidly growing world of decentralized finance.