After the recent Bitcoin halving, the cryptocurrency market is showcasing four small-cap altcoins that could bring impressive returns for investors: Gala (GALA), Akash Network (AKT), Ronin (RON), and Axie Infinity (AXS). These assets are profiting from the present bullish trend. Each one provides unique features and boasts a strong supporter base. Many believe these altcoins hold potential for a 50x increase in value, making them attractive investment options following Bitcoin’s halving event.
1. Gala (GALA)
The cryptocurrency Gala (GALA) from Gala Games is crucial for purchasing NFT items. It rewards founders’ node operators for their involvement by using GALA to cover transaction fees on the blockchain. The system then shares out the GALA, giving an equal amount to both node operators and the Gala Games trust.
Over the last week, GALA‘s value has risen by over 15%, indicating a robust uptrend for this small-cap altcoin. This significant surge could potentially lead to a 50-fold increase in GALA’s price following its upcoming halving event. Currently, you can buy one GALA token for $0.04847. In the last day, there has been a minimal decrease of 1% in its value. With a market capitalization of $1.4 billion, GALA ranks 64th on CoinMarketCap.
2. Akash Network (AKT)
Akash Network (AKT) is revolutionizing cloud computing by creating a marketplace founded on transparency, security, and decentralization. On this platform, individuals with extra computing resources can connect with those in urgent need. This solution caters primarily to Web3 developers, providing them with simplified tools for deploying decentralized applications.
Over the past year, AKT‘s performance metrics have shown an extraordinary rise, with a 2035% increase. In just the last month, there has been a further 15% boost. At present, Akash Network’s token price is at $6.03. Remarkably, over the past day, the token has experienced a surge of 46%, placing it at the forefront of today’s market growth.
3. Ronin (RON)
Sky Mavis’s blockchain project, RONin (RON), which is particularly popular in the Web3 gaming scene due to its association with Axie Infinity, has achieved substantial recognition and profitability. With over $1.3 billion generated, this platform has demonstrated remarkable success.
At present, Ronin is delving into fresh projects as shown by its team-up with Gravity on “Ragnarok: Monster World.” This alliance utilizes the renowned Ragnarok Online label, merging it with advanced blockchain technologies.
Ronin continues to be a robust contender in the cryptocurrency scene. Although it experienced a dip of 2.84%, its price still stands firm at $3.36. This tenacity suggests its significant role in the gaming industry, making it an attractive option for potential investors.
4. Axie Infinity (AXS)
Axie Infinity (AXS) is an interactive blockchain game where players are in charge, inspired by popular cultures such as Pokémon and Tamagotchi. In this virtual world, participants can acquire, breed, nurture, and fight with creatures called Axies. The current value of Axie Infinity is at $7.61, representing a 1.77% decline compared to the previous day.
With a market value of around $1 billion on CoinMarketCap, Axie Infinity ranks at number 79. In the past week, AXS has shown a surge in growth, exceeding 7%. This upward trend could indicate substantial profits, particularly as cryptocurrency experts anticipate a major rally after the upcoming halving event.
Bottom Line
In the realm of altcoins, GALA, AKT, RON, and AXS present promising investments due to their innovative technologies and expanding communities. These elements make them solid options for substantial gains in the aftermath of the halving event.
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2024-04-23 15:01