Experts Release List of Altcoins with the Highest Returns in 2024
Renowned cryptocurrency analyst Stockmoney Lizards has provided expert analysis and recommendations for the top-performing altcoins in 2024. These altcoins include RNDR, FIL, IMX, KAS, XRP, FET, GRT, DOT, FTM, and SUI.
Following Bitcoin’s record-breaking all-time high, the cryptocurrency market experienced a significant correction in value, causing the top altcoins to also reflect this trend. However, many altcoins with slow growth are expected to explode in the near future.
Stockmoney Lizards, a well-known crypto trader, sheds light on the current market dynamics and highlights the opportunity to accumulate top altcoins during this price correction. They have compiled a list of the top altcoins with the potential for the highest returns in 2024.
One of the recommended altcoins is RNDR. Despite only experiencing a modest 3.52% increase, RNDR’s bullish chart suggests a potential rebound after reaching another all-time high. With a market cap of $4 billion, RNDR is currently trading at $10.62.
Another altcoin on the list is Filecoin (FIL), which has a strong long-term outlook. Despite a 5.8% decline, FIL is trading at $8.58 and has a trading volume of $374 million in the past 24 hours.
Immutable X (IMX) has maintained a consistent uptrend since October 2023 and is currently correcting with potential support at previous swing highs. IMX is currently trading at $2.82 and has a market cap of $3.9 billion.
Kaspa (KAS) presents a complex chart pattern similar to Bitcoin’s growth pattern. KAS is currently down 8.59% and is trading at $0.14.
Ripple (XRP) initially had a solid chart but failed to print new highs amid a sharp decline in trading volume. XRP is currently trading at $0.61 after a decrease of 34.14% in trading volume.
Polkadot (DOT) has shown continued higher floor growth compared to January 2024. Currently, DOT is priced at $8.92 with a trading volume of $285 million.
Fetch AI (FET) shows positive signals with a clear breakout pattern, despite limited historical data. FET has seen a 4.5% decline and is currently trading at $2.48 with a trading volume of $255 million.
The Graph (GRT) has experienced a bullish breakout, suggesting a possible upside for an all-time high. However, the trading volume has shown a significant decline. GRT is currently down 12.19% and trading at $0.36.
SUI has shown promising short-term performance amid ongoing hype, although interpreting the limited historical data poses challenges. Further analysis is needed to assess SUI’s potential.
Fantom (FTM) is showing a strong long-term chart pattern and has the potential to reach a new all-time high, despite a decline of 4.52%. FTM is currently trading at $1.09 with a market cap of $3.04 billion.
As the cryptocurrency market continues to experience correction and volatility, traders are closely monitoring these developments to identify potential investment opportunities and assess the market outlook.