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Cryptocurrency News Articles

3 Under-the-Radar Altcoins That Could Explode in Value as the Market Enters a New Bull Run

Aug 22, 2024 at 04:53 pm

With the upcoming U.S. elections, potential Federal Reserve rate cuts, and other macroeconomic factors, we might be on the brink of another massive crypto bull run. The current market is confusing and unstable, which can make investors lose confidence and feel like a bull market is far off.

3 Under-the-Radar Altcoins That Could Explode in Value as the Market Enters a New Bull Run

The upcoming U.S. elections, potential Federal Reserve rate cuts, and other macroeconomic factors could be setting the stage for another major crypto bull run.

While the current market conditions may leave some investors feeling pessimistic, suggesting that a bull market is still a long way off, a closer examination of historical trends reveals otherwise.

Typically, significant altcoin seasons begin after Bitcoin breaks above its previous all-time highs. As we approach this critical juncture, several under-the-radar altcoins could be poised for explosive growth.

According to renowned crypto analyst Altcoin Buzz, these hidden gems have yet to garner mainstream attention, presenting a unique opportunity for investors seeking exponential returns. Here's a closer look at three promising altcoins:

Coin 1: Numeraire (NMR)

This project is centered around data science, providing a platform for data scientists to experiment and build machine learning models. Numeraire also holds the distinction of being the first hedge fund to launch its own cryptocurrency.

Despite its low profile, Numeraire's potential is undeniable. With a current market cap of only $15 million, it has ample room for growth. If NMR were to reach a $1 billion market cap, it would translate into a 10x increase from its current price.

Coin 2: Creta World (CTA)

Creta World is not merely a gaming platform; it encompasses an entire gaming ecosystem, boasting four key pillars: the metaverse, a marketplace, a social media platform, and a game creation studio.

Naturally, comparisons to Axie Infinity arise, especially considering that both projects began with small market caps and strong community support. Coin 3: Pendle Finance (PENDLE)

Pendle Finance (PENDLE) is a DeFi project operating within the Liquid Staking Derivatives (LSD) market. Pendle's total value locked (TVL) is around $2.7 billion, and its status as an ERC-20 token aligns its value with the performance of Ethereum.

News source:coinpedia.org

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