As Bitcoin Inches Closer to the Historic $100,000 Milestone, Here Are 5 Cryptocurrencies To Watch

The fear and greed index has shifted to "extreme greed," and leading cryptocurrencies like Render, Polkadot, Internet Computer, and Chainlink are making headlines as intrigue from both retail and institutional investors continues to grow.

Cryptocurrency markets are surging with renewed enthusiasm as Bitcoin edges closer to the historic $100,000 milestone. The fear and greed index has shifted to "extreme greed," and leading cryptocurrencies like Render, Polkadot, Internet Computer, and Chainlink are making headlines as intrigue from both retail and institutional investors continues to grow.

While these established assets are thriving, savvy investors are also exploring presale gems like Lunex Network for parabolic returns. Here’s a closer look at these standout cryptocurrencies and their potential this cycle.

Render powers forward as investors seek out interesting blue chips

Render has seen a remarkable ascent in 2024, driven by the growing demand for decentralized GPU rendering solutions in different industries like gaming, AI, and the metaverse. Render recently surged past the $6 mark, mustering a 50% increase in the past 30 days and drawing attention as a leader within the Web 3 GPU-processing niche

Citing multiple technical indicators, some analysts anticipate further gains for Render as the bull run progresses. Additionally, the Render Network has seen a surge in frame rendering activity and active addresses, indicating Render’s increasing adoption. With its position as a leader in the GPU niche and as Nvidia’s stock continues to soar, Render remains a compelling choice for investors looking to tap into a blue chip with plenty of room for growth as the bull run progresses.

Polkadot’s cross-chain dominance secures its place in the top twenty

Polkadot has solidified its reputation as the premier layer-0 in the space, enabling seamless communication and value transfers across diverse blockchain networks. Recently breaking through the $6 resistance level and rising by 40% over the past month, Polkadot has attracted institutional interest and new projects who wish to deploy parachains on its ecosystem.

The launch of Polkadot 2.0 earlier this year has sparked fresh optimism amongst developers and investors alike. When coupled with the increased demand for interoperability solutions during alt-season, Polkadot could easily surpass the $10-12 range in the coming months, reinforcing Polkadot’s position as a leader in the multichain future.

Internet computer shows promising signs for a potential comeback

Internet Computer has emerged as a surprise contender this cycle, recovering from its dismal post-launch and 99% down from all-time high lows to build steady momentum as the bull run picks up steam. Priced at $5 following a 30% rise this month, Internet Computer is capturing attention for its unique approach to decentralized cloud computing and loyal community that routinely wax lyrical about ICP’s “revolutionary†tech.

Internet Computer’s recent integration with Web3 platforms has been a game-changer, as developers utilize its blockchain capabilities to deploy dApps and host websites entirely on-chain. These advancements have renewed optimism about Internet Computer's long-term potential, and analysts forecast that Internet Computer could reach $10-15 this cycle as the need for decentralized infrastructure grows, making it a compelling option for risk-averse, forward-thinking investors.

Chainlink extends its monopoly ahead of the bull run

Chainlink continues to prove its indispensability in the blockchain ecosystem, trading at $15 after a 30% surge this month. With institutional partnerships that never seem to end and boasting a loyal community that brands themselves as the “Chainlink Marines†, Chainlink has ostensibly cemented its monopoly in the cryptocurrency oracle and interoperability niche.

As the go-to oracle network, Chainlink powers secure data feeds for countless decentralized applications, rendering it a foundational asset for blockchain innovation, and analysts believe that Chainlink could achieve $20-25 this cycle as its use case expands. This is despite the rampant rise in popularity for hype-driven assets like memes in this cycle, as experts retain confidence over Chainlink’s future prospects.

Why Lunex Network could be the next big DEX to offer massive returns

Lunex Network stands out by blending the high-growth potential of decentralized exchanges with groundbreaking utility, setting it apart as a unique project in the crypto space. Because of this, analysts predict that a 50% price surge could materialize for Lunex Network as early as December.

A key feature is Lunex Network's revenue-sharing model, which involves repurchasing tokens from the open market and redistributing half to token holders while using the other half to provide staking rewards. Offering an impressive 18% APY, this mechanism encourages long-term holding and bolsters the platform's sustainability.

Moreover, Lunex Network simplifies trading by removing KYC’s and the need for external wallets like MetaMask or PhantomWallet. Transactions are completed at lightning fast speeds, and all users need to do to swap tokens is choose their cryptocurrency, enter a wallet address, and submit. No unnecessary hassle, fuss, or delays.

Wrapping up: Don