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With the bull run of 2024 underway, investors are eager to discover altcoins with the potential for massive ROI and with many options, selecting and investing in the right altcoins can be challenging.
However, this article will help narrow your choices as we reveal experts’ top altcoin picks that could provide substantial increases in value: ETFSwap (ETFS), NEAR Protocol (UNI), Uniswap (UNI), and Render (RNDR).
Summary
ETFSwap (ETFS): A Top Altcoin Pick For 2024
ETFSwap (ETFS) is a tokenized blockchain platform that facilitates exchanging cryptocurrencies and Exchange-Traded Funds (ETFs). Since its presale launch, the platform has demonstrated outstanding results that have captivated the trading and crypto worlds.
ETFSwap (ETFS) offers advanced utility and futuristic value, offering users access to various institutional ETFs, such as leveraged ETFs, commodity ETFs, fixed-income ETFs, and popular cryptocurrency spot and futures ETFs.
In enhancing its platform’s security, ETFSwap (ETFS) has optimized its privacy protocols using blockchain technology to ensure transparency and accountability. By eliminating KYC verification requirements and simplifying account opening processes, the platform enables users to trade ETFs quickly while safeguarding their personal information.
Moreover, ETFSwap (ETFS) has undergone a rigorous audit by CyberScope, a reputable cybersecurity and blockchain audit firm, validating its robust infrastructure and commitment to providing users with a secure trading environment.
At the core of ETFSwap (ETFS) is its native token, ETFS. This token facilitates transactions and tokenized ETF trading and offers users exclusive benefits such as monthly rewards through token airdrops and staking options.
Moreover, investors can stake their ETFS tokens to earn staking rewards, passive income, and an 87% APR yield. With over 120 million ETFS tokens sold and over $2 million raised within a short time, analysts project that ETFSwap (ETFS) will take the crypto world by storm.
NEAR Protocol (NEAR): A Layer-1 Blockchain With High Growth Potential
NEAR Protocol (NEAR), a layer-1 blockchain designed as a community-driven cloud computing platform, has recently caught the eye of crypto experts. The token’s price is currently undergoing a corrective phase, trading within a weekly range of $7.82 to $7.71.
The nearest resistance level for NEAR Protocol (NEAR) is $8.88, while the closest support level is $6.80.
Technical indicators suggest a mixed market sentiment for NEAR Protocol (NEAR). The Relative Strength Index (RSI) and Stochastic oscillator indicate that the market is currently oversold, implying a potential for a price reversal.
In stark contrast, the NEAR Protocol Moving Average Convergence Divergence (MACD) shows minimal momentum, suggesting a lack of strong buying pressure at the moment. Nevertheless, analysts suggest that the NEAR Protocol (NEAR) price appears to be in a corrective phase and that a recovery is underway.
Uniswap (UNI): Defying Altcoin Market Trends With Bullish Momentum
Another top altcoin pick is Uniswap (UNI), a decentralized trading protocol that automates the trading of DeFi tokens, which is defying broader market trends. On May 29, the token reached a monthly high of $11.19, its best performance since early April, indicating further bullish momentum.
Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) on the Uniswap (UNI) daily chart also favour a continued upward movement, potentially targeting resistance levels at $12.96 and $15.40.
Interestingly, this surge in the Uniswap (UNI) price coincides with a rising bullish sentiment surrounding Uniswap’s response to the SEC’s recent regulatory concerns. Overall, Uniswap’s recent price action and chart activity suggest a potential uptrend continuation.
Render (RNDR): Long-Term Price Outlook
Render (RNDR) currently trades in the weekly range of $11.21 to $10.24. It has established stable support at $8.43 and faces resistance at $12.66. Over the past week, Render (RNDR) has seen a price decline of 8.58%, while the one-month growth stands at 29.41%, indicating a corrective phase in the market.
The Relative Strength Index (RSI) of Render (RNDR) is at 45.70, suggesting a neutral market sentiment.
Despite the recent price correction, the long-term outlook for Render (RNDR) remains positive, with predictions of Render (RNDR) reaching an average price of $12.67 by 2025 and potentially surging to a high of $26.84 by 2030.
Moreover, the increasing adoption of decentralized applications and growing demand for GPU computing power are expected to drive the value of the altcoin higher in the coming years.
Which Altcoin Should You Buy First?
While NEAR Protocol (NEAR), Uniswap (UNI), and Render (RNDR) are established cryptocurrencies with promising long-term potential, they may not be able to offer substantial short-term profits to investors. In contrast, ETFSwap (ETFS) stands out as a unique platform that allows for both short-term and long-term gains.
For more information about the ETFS Presale:
*This article was paid for. Cryptonomist did not write the article or test the platform.
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