Crypto Analyst Unveils Six ‘Super-Cycle’ Tokens Primed For Massive 1000x Price Explosion
August 16 2024 - 6:00AM
NEWSBTC
As the broader crypto market consolidates, one industry analyst has
identified a select group of altcoins that could see exponential
gains during the anticipated “super-cycle” expected in the latter
half of 2024. In a detailed social media post, the analyst,
known as OxNobler, delves into the cyclical nature of the crypto
market and highlights the factors driving the impending uptrend
phase. Crypto ‘Supercycle’ Imminent? According to OxNobler, the
crypto market consistently follows a four-phase cycle:
Accumulation, Markup (Uptrend), Distribution, and Markdown
(Downtrend). The analyst argues that understanding these distinct
phases is crucial for investors seeking to capitalize on low cap
altcoins and market trends to maximize their returns. “We are
currently on the brink of entering the Uptrend phase, which is set
to be fueled by a confluence of factors, including the upcoming US
election, potential rate cuts, the global adoption of crypto ETFs,
continued technological advancements, and shifts in China’s
regulatory landscape,” explains OxNobler. Related Reading: Prepare
For Impact: Shiba Inu Whales Increase Their Holdings By 600% In A
Single Day Drawing on this market insight, the analyst has curated
a list of six altcoins that are poised to experience substantial
growth during the anticipated crypto super-cycle. These
tokens span a diverse range of sectors, including artificial
intelligence (AI), decentralized finance (DeFi), real-world asset
(RWA) tokenization, and more. 6 Low-Cap Altcoins Tipped To
Skyrocket First on the list is Numerai (NRM), an Ethereum-based
platform that allows developers and data scientists to experiment
with and create more reliable machine learning models. With a
current price of $11.75 and a market capitalization of $86 million,
the analyst believes Numerai’s positioning in the trending AI
sector makes it a compelling investment opportunity. Another
altcoin highlighted is TokenFi (TOKEN), a crypto and RWA
tokenization platform aiming to simplify the tokenization process
and emerge as a leading player in the space. Currently trading
at $0.06 with a $60 million market cap, TokenFi’s role in bridging
the gap between traditional and decentralized finance is seen as a
key growth driver. Ravencoin (RVN), an open-source proof-of-work
blockchain enabling the issuance and control of utility tokens,
non-fungible tokens (NFTs), and other digital assets, also makes
the list. With a market price of $0.015 and a $223 million
market capitalization, Ravencoin’s positioning in the growing DeFi
sector adds to its potential upside. Related Reading: Bitwise CIO
Reveals Three Super Bullish Signals From Bitcoin ETFs The Fluence
Project, with its native token FLT currently valued at $0.27, is
another intriguing prospect. As the first decentralized “Cloudless”
computing platform, Fluence aims to provide an open alternative to
the dominant cloud computing giants, aligning with the analyst’s
bullish outlook on the AI sector. Realio Network (RIO), an
end-to-end blockchain-based platform for the issuance, investment,
and management of digital securities and crypto assets, is also
included. Trading at $0.89 with a modest $5 million market cap,
Realio Network’s focus on the RWA tokenization space is seen as a
notable bullish catalyst for the analyst. Last on the list, is the
largest altcoin among the six by market cap, Pendle (PENDLE), a
protocol enabling the tokenization and trading of future yield,
rounds out the list. Currently priced at $2.63 with a market
capitalization of $419 million, Pendle’s positioning in the DeFi
sector aligns with the analyst’s broader thesis. Featured image
from DALL-E, chart from TradingView.com
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