3 Altcoins Poised for Major Gains in 2024
The cryptocurrency landscape is experiencing a wave of activity with several projects and tokens gaining attention in the market. ScapesMania, an altcoin project, has recently been listed on PancakeSwap, a popular decentralized exchange. With over $6.125 million in funding and 18,400 holders, ScapesMania's ICO was noted for its brevity and focus on long-term development goals. The team is currently emphasizing product development and gaming applications.
Amid the bullish sentiment in the crypto space, analysts have identified a selection of tokens that are expected to experience significant growth. NFTFN, XRP, and Toncoin are among those with positive predictions, with NFTFN anticipated to hit the $50 mark, XRP benefiting from a resolution to its SEC lawsuit, and Toncoin rallying beyond $5. Additionally, BlastUP, a presale token, is drawing interest due to its stability against market volatility and a 45% discount compared to its future listing price.
Bitcoin's upcoming halving event is projected to have a considerable impact on the market, with some experts forecasting a surge in digital currency prices, potentially reaching $200,000. Altcoins such as BlastUP are poised for growth, with the token's presale attracting $3 million in funding. The project offers tools and a rewards system for startups, with a roadmap extending to 2026. Meanwhile, technical analyses of various cryptocurrencies like Avalanche, NEAR Protocol, Solana, and Jupiter indicate a mixture of bullish and bearish signals.
Lastly, Dutch crypto analyst Michaël van de Poppe has suggested that altcoins such as Litecoin (LTC), Cosmos (ATOM), and Polkadot (DOT) are positioned to reach new highs, although he anticipates a correction before such a rise. While Bitcoin is expected to consolidate between $60,000 and its all-time high of $73,800, van de Poppe has downplayed the likelihood of a leap to the $100,000 level in the current cycle.
