Following Bitcoin‘s (BTC) all-time high of $73,750, the cryptocurrency market experienced a significant correction. In the midst of this, renowned crypto analyst Stockmoney Lizards listed the altcoins that could perform the best in 2024. Despite the market being in a pullback phase, the analyst suggested that it presents an opportunity to accumulate the best altcoins poised for potential short-term rises.
Altcoins on the Analyst’s List
Crypto analyst Stockmoney Lizards has prepared a list of the best altcoins that show promising signals for future growth, shedding light on current market dynamics and potential investment opportunities.
The altcoins highlighted by the analyst include Render (RNDR), Filecoin (FIL), Immutable (IMX), Kaspa (KAS), XRP (XRP), Polkadot (DOT), Fetch AI (FET), The Graph (GRT), Sui (SUI), and Fantom (FTM), each offering unique bullish signals and long-term prospects.
Current Status of RNDR, FIL, IMX, KAS, XRP, FET, GRT, SUI, and FTM
Render’s native asset RNDR is standing out with a consolidation pattern after reaching another ATH, currently trading at $10.78 with a market cap of $4.1 billion, and analysts like Stockmoney Lizards expect further upward movement in the altcoin.
FIL continues to present a strong long-term outlook despite a 4.92% drop in the last 24 hours, trading at $8.77. Moreover, IMX has been on a sustainable upward trend since October 2023 and is currently correcting at $2.83, with potential support at previous high levels.
Kaspa’s native asset KAS is showing a complex chart formation similar to Bitcoin’s recent growth, currently trading at $0.1423 with a 7.39% decrease in the last 24 hours. XRP, controlled by Ripple, is trading at $0.6169 despite negative signals from technical indicators and a decrease in trading volume.
Polkadot’s DOT and Fetch AI’s FET are showing positive signals with clear breakout patterns, while The Graph’s GRT is indicating a potential rise towards an ATH. SUI is displaying a promising trend amidst ongoing hype, and FTM, despite a 4.52% drop in the last 24 hours, is showing a strong long-term chart formation, trading at $1.09.
