As a crypto investor with some experience under my belt, I’ve seen my fair share of market ups and downs. The recent shift in sentiment from greed to neutral, as indicated by the fear and greed index, has put pressure on Bitcoin and other cryptocurrencies, causing a decline in the market. However, not all is lost for altcoins.
Based on the fear-greed indicator, there’s been a significant change in investor emotions from greed to neutrality after Bitcoin experienced a notable drop. Consequently, the overall market is trending downwards, causing other cryptocurrencies to follow suit. However, some altcoins have managed to buck the trend and are on the verge of reaching new all-time highs. Therefore, let’s explore an altcoin that could potentially set a new record high and yield profits despite the bearish market conditions.
Kaspa (KAS)
Kaspa is trading at $0.1636 with a market cap of 3.9 Billion, ranking it 25th on CoinmarketCap. The altcoin exhibited a bull rally for weeks, setting an all-time high record earlier before declining due to the market’s downfall. However, the chances of recovery are high as the investors are eyeing higher gains. The KAS price is just 14% away from the ATH, and if the market recovers in the upcoming days, it can surge way higher.
Notcoin(NOT)
As a researcher studying the cryptocurrency market, I’ve observed that the Notcoin has experienced another price surge after reaching an all-time high of $0.02896 at the beginning of this month. Currently, it is trading at $0.01935 with a 14% increase in value, which is quite impressive given the overall market decline. According to analysts’ predictions, the Notcoin price may continue to rise by up to 75% once the current overbuying phase subsides.
Ondo (ONDO)
Since February 2024, Ondo has been experiencing a bullish trend with increasing value and successive peaks. Its latest achievement was reaching an all-time high of $1.48. After a brief consolidation due to Bitcoin’s price decrease, the bullish sentiment remains strong for Ondo. The current ONDO price is at $1.17, representing only a 23% difference from its all-time high, making it an attractive prospect for potential buyers seeking quick recoveries.
io.net (IO)
Three days ago, IO was introduced to the market and quickly piqued the interest of investors. This digital token serves as the native currency for io.net, a decentralized Artificial Intelligence computing platform. The ensuing excitement led to an impressive price peak at $6.45. Despite a subsequent 21% decline, leaving the altcoin at $5.15, industry experts predict a potential resurgence in its value.
Prior to the recent downturn in the cryptocurrency market, there was a prolonged period of growth during which numerous alternative coins (altcoins) reached new record highs. This bullish trend could return once the market direction changes.
Continue Reading Trending Cryptos To Buy Under $5
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2024-06-14 20:43