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COINTURK NEWS > Altcoin News > Analyst Identifies High-Potential Altcoins for Investment
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Analyst Identifies High-Potential Altcoins for Investment

In Brief

  • Political developments affect investor sentiment in the cryptocurrency market.

  • Analyst lists high-potential altcoins for future high returns.

  • Tokenization of real-world assets and AI offer significant investment opportunities.

COINTURK NEWS
COINTURK NEWS 10 months ago
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Recent political developments, especially the increasing likelihood of former US President Donald Trump becoming the next president, have significantly affected investor sentiment in the cryptocurrency market. This shift indicates that the market is now ready for an upswing, and investors might find this as the last opportunity to enter before the most volatile phase of the bull market begins.

Contents
Analyst Lists High-Potential AltcoinsOther Altcoins on the List

Analyst Lists High-Potential Altcoins

According to an analyst on Crypto Banter’s Rans Show, waiting for the market to retest certain levels or surpass specific points may no longer be necessary. The recent dip and correction should be seen as a signal to act in the altcoin market.

Based on this situation, the analyst listed altcoins that could bring high returns in the future if invested in today. He emphasized the importance of investing in Layer One, which forms the backbone of decentralized applications. Among his top picks are Sui (SUI) and Aptos (APT), both showing promising potential. Sui stands out particularly due to its strong traction in the market. He also pointed to Arweave (AR), known for decentralized storage solutions, noting that it indexes about 15% of web pages. Despite potential short-term fluctuations, the analyst predicts AR’s value could reach $80 in the long term, currently priced at $30.

As is well known, artificial intelligence is creating a revolution across various sectors, including the cryptocurrency market. The analyst highlighted Base Protocol as the best AI investment opportunity for those willing to take calculated risks. He also recommended Near Protocol (NEAR) as a suitable and strong AI contender for investors with a high-risk tolerance.

Other Altcoins on the List

The tokenization of real-world assets is another rapidly growing trend. The analyst’s top picks in this sector include Mantra (OM) and Axelar (AXL). Mantra is known as a leading player in real-world asset tokenization, with significant steps like the new USDY vault and strategic agreements in the UAE. Positioned as an interoperability bridge, Axelar is attracting significant interest due to its potential to benefit from a $16 trillion market for tokenized assets by 2030.

The analyst also emphasized the importance of cross-blockchain interoperability and decentralized finance (DeFi), recommending THORChain (RUNE) as a strong player in the cross-blockchain narrative with impressive statistics and growth potential. He included GMX (GMX) and Aerodrome Finance (AERO) in the list for exposure to DeFi and perpetual trading.

The gaming sector and memecoins also offer high-reward opportunities, according to the analyst. He suggested a diversified approach, including options like Pepe Coin (PEPE) and others that can be staked for additional yield. This strategy is crucial as it allows investors to maximize potential gains while spreading risk across various high-growth areas in the cryptocurrency market.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 17 July, 2024 - 7:58 pm 17 July, 2024 - 7:58 pm
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