Investors are fond of going after popular names in the crypto market. As a result, they have missed out on promising tokens with bullish potential. This article will examine three top altcoins that are underrated in the market. They include THORChain, Everlodge, and Bitcoin Cash.
THORChain (RUNE), Analysts Predict New All-time High
Kaleo, famous for his sharp crypto market analysis, recently posted on X about his optimistic outlook for THORChain’s RUNE. He pointed out that if THORChain breaks above its falling trend line on the daily chart, it will soar past its all-time high.
THORChain ranks as the 42nd largest altcoin by market capitalization, holding a market value of $1.7 billion. The token is presently trading around the $5 mark, having dropped from a monthly high of $7.28. Despite the price drops, THORChain crypto has increased 296.2% in the past year.
However, the token is trading 74% below its all-time high of $21.26. Besides, the DeFi crypto is showing mixed sentiment. While it trades above the 50 and 200-day SMA, its Relative Strength Index (RSI) is below the $50 average.
Everlodge (ELDG): Your Pass To the Real Estate Space
Everlodge’s (ELDG) ultimate goal is to make real estate investment completely democratic and accessible. Luxurious real estate properties that so typically require vast amounts in exchange for a corner could be bought with only $100 through this first-ever crypto ICO property marketplace.
It’s about turning real estate into NFT (digital shares). For instance, a luxury property in Miami could be subdivided into 80,000 NFTs, with each share worth $100. The investment threshold is reduced by this innovative model, making real estate investment accessible to more people.
Everlodge has also tapped AI technology to transform the industry. It allows users to monitor property prices around the world at any time. Furthermore, the tool can show you how much properties in different areas were worth.
But it gets better. The tool can predict the potential value of real estate properties in the future. This will help investors find more beneficial investments. This crypto ICO has its own native token, ELDG, that can be held by investors to enjoy not only fee discounts and voting rights but also even VIP membership.
For ELDG holders, this ability to earn passive income from staking is a particularly key trait. Right now, DeFi crypto is worth US $ 0.027 per token. It can only be said that joining the global real estate market, and being relatively smaller in market cap gives Everlodge more room for growth.
Anthony Scaramucci Forecasts Bitcoin Cash (BCH) ETF Approval Next Week
Anthony Scaramucci, Founder of SkyBridge Capital, recently predicted that the Bitcoin Cash ETF) might get the green light from the SEC next week. He suggested that now is a strategic time to “bury the news” when public attention might be elsewhere.
Scaramucci has been vocal about the potential of a Bitcoin Cash ETF. In a 2022 interview with The Block, he expressed confidence, saying, “A Bitcoin cash ETF will happen sometime this year.” He also mentioned that he had ties in huge institutions that he could not disclose owing to confidentiality.
He stated that once the Bitcoin Cash ETF is launched, these institutions will invest in it. Meanwhile, the weekly Bitcoin Cash price is positive, trading between $220.35 to $239.33. In the last year, the coin has climbed by 135.6%.
Conclusion
THORChain, Everlodge, and Bitcoin Cash are three of the top altcoins worth holding as we enter the 2024 bull market. While THORChain and Bitcoin Cash have debuted, Everlodge is still in the presale stage.
This is an excellent choice. Furthermore, it is less expensive than THORChain and Bitcoin Cash. Experts expect that Everlodge’s ELDG value will rise following the platform launch.
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Source: https://blockchainreporter.net/three-top-altcoins-set-for-massive-price-surges-in-the-2024-bull-market/