As the broader cryptocurrency market consolidates, one industry analyst has identified a select group of altcoins that could see exponential gains during the anticipated “supercycle” expected in the second half of 2024. In detail x.com/CryptoNobler/status/1824102268461105173″ target=”_blank” rel=”nofollow”>social media postThe analyst, known as OxNobler, delves into the cyclical nature of the cryptocurrency market and highlights the factors driving the impending bullish phase.
Is a cryptocurrency “supercycle” imminent?
According to OxNobler, the cryptocurrency market constantly follows a four-phase cycle: accumulation, margin (uptrend), distribution and Reduction (Bearish trend). The analyst argues that understanding these different phases is crucial for investors looking to profit from low-cap altcoins and market trends to maximize their profits.
“We are currently on the cusp of entering the bullish trend phase, which will be driven by a confluence of factors including the upcoming US election, potential rate cuts, global adoption of cryptocurrency ETFs, continued technological advancements and changes in China’s regulatory landscape,” OxNobler explains.
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Based on this market insight, the analyst has put together a list of six altcoins that are poised to experience substantial growth during the anticipated crypto supercycle.
These tokens span a wide range of sectors, including artificial intelligence (ai), decentralized finance (DeFi), tokenization of real-world assets (RWA), and more.
6 Small-Cap Altcoins That Are Predicted to Skyrocket
First on the list is Numerai (NRM), an ethereum-based platform that allows developers and data scientists to experiment and build more reliable machine learning models.
With a current price of $11.75 and a market cap of $86 million, the analyst believes that Numerai's positioning in the trend ai sector makes it an attractive investment opportunity.
Another prominent altcoin is TokenFi (TOKEN), a cryptocurrency tokenization and RWA platform that aims to simplify the tokenization process and emerge as a leading player in the space. Currently trading at $0.06 with a market cap of $60 million, TokenFi’s role in bridging the gap between traditional and decentralized finance is seen as a key driver of growth.
Ravencoin (RVN), an open-source proof-of-work blockchain that enables the issuance and control of utility tokens, non-fungible tokens (nfts) and other digital assets also appear on the list.
With a market price of $0.015 and a market cap of $223 million, Ravencoin’s positioning in the growing DeFi sector increases its upside potential.
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The Fluence Project, with its native FLT token currently valued at $0.27, is another intriguing prospect. As the first “cloudless” decentralized computing platform, Fluence aims to offer an open alternative to the dominant cloud computing giants, in line with the analyst’s view. 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. With a listing price of $0.89 and a modest market cap of $5 million, Realio Network’s focus on the RWA tokenization space is seen as a notable bullish catalyst for the analyst.
The last spot on the list is occupied by the largest altcoin among the six by market cap, Pendle (PENDLE), a protocol that allows for tokenization and trading of future yields. With a current price of $2.63 and a market cap of $419 million, Pendle’s positioning in the DeFi sector aligns with the analyst’s broader thesis.
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