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Cryptocurrency News Articles
5 Altcoins to Watch as the Crypto Market Primes for the Next Bull Run
Nov 19, 2024 at 08:24 pm
All signs point to the next bull run fundamentally changing the crypto industry, especially for certain altcoins that are expected to provide massive returns.
The next bull run in the crypto industry is expected to fundamentally change the landscape, especially for certain altcoins that are poised to provide massive returns. Here are five altcoins to watch:
1. Rexas Finance (RXS): Melding Blockchain Technology with Real-World Assets
The case of Rexas Finance (RXS) is interesting because it has a real-world use case. The goal of the project is to disrupt the asset tokenization sector. With the help of RXS, there will be an introduction of Real-World Assets (RWA) tokenization, paving the way for the opportunity for asset pooled ownership for all valuable assets such as real estate, fine arts, and IP. This opens up the asset ownership pool and adds liquidity to markets that were once only reserved for the ultra-rich.
Currently, RXS is sitting comfortably at $0.08 in its sixth presale stage and has raised a total of $8.6 million, having sold over 155 million tokens. The trajectory of the token shows that investor confidence is extremely high, as the token’s price was only $0.03 during the first stage. Ultimately, the success of RXS will not only come from the core concept but also from the ecosystem that supports the concept, including the Rexas Token Builder, which allows users to build tokens, and the Rexas Launchpad, which assists new blockchain projects.
One of the most significant aspects of Rexas Finance is security and trust. This was made even more evident by a recent audit done by CertiK that boosted investors’ trust that RXS products passed best practices. This is, without a doubt, one of its most attractive features alongside its listing on CoinMarketCap and CoinGecko, which has, in turn, increased its audience. Planning to open at $0.20 on major exchanges means RXS is set to take advantage of the next bull run, targeting a price of $11.
2. Bonk: Solana’s Meme Coin Gaining Considerably More Attention
In the Solana ecosystem, Bonk has gained considerable popularity as a meme coin for valuable positioning, being the first moment. Bonk started as a fun token, and now this community-driven project is gaining traction. It has become very popular among Solana users because of its fast transaction speeds and low fees. The coin’s popularity has also increased due to its use in applications and decentralized applications, while regular token burns to boost demand have maintained scarcity.
As investor interest continues to grow with the proliferation of meme coins, Bonk seems set to be an interesting opportunity, given the size of its ecosystem fueled by a strong community.
3. Dogwifhat (WIF): A Meme Coin That Is on the Rise
Dogewifhat (WIF)—which touts itself as the originating memecoin has transcended from being just a meme. This is because the project has been community-centric and pursued aggressive marketing strategies in the highly crowded meme coin market.
With a market cap of $3.72 billion and trading at $3.73, Dogewifhat is rapidly appealing to serious investors. Its growth potential follows from its capacity to capture the attention of both retail and institutional investors looking for a meme coin with a high-risk-return tradeoff. Dogwifhat is poised to be at the forefront regarding future potentiality as the meme coin market continues to evolve.
4. NEAR Protocol: The Full-Fledged Blockchain of Tomorrow
A multi-layered structure is incorporated in the NEAR Protocol with the intent of creating a platform that developers can easily utilize while simultaneously increasing in size. Due to its robust sharding system, NEAR boasts impressive transaction speeds and lower costs, which gives it an edge over Ethereum and Solana.
NEAR has historically been able to expand owing to its developer ecosystem and partnerships. Today, NEAR trades for $6.03, with a market cap of $7.34 billion. Given its focus on usability and scalability, the protocol is an important contender in the decentralized application space for future price growth during the next bull market.
5. Toncoin (TON): The Blockchain Designed for the Masses
The creators of Telegram launched Toncoin with innovation and the mass market in mind. Scalability, speed, and user-friendliness are some of the results that made Toncoin popular with institutions and retail investors.
Originating from Telegram, Toncoin recently traded at $5.61 with a market cap of $14.26 billion. Its forte of adding more users through Telegram has helped it grow steadily. The focus of the project on real-life usage and ease of use makes it a target for massive returns in the impending bull cycle.
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