5 Undervalued Coins in 2024 That Could Make You Rich
January 24th, 2024 at 3:32 pm UTC · 7 min read
/Algotech/ – A new year also marks a new beginning or a new boom of cryptocurrencies on the market. However, not all cryptocurrencies hold the same promise and potential, and it isn’t easy to distinguish those that do and those that do not. That’s why analysts and crypto experts are here: to share their forecasts and recommendations on which cryptocurrencies will realize the best returns in the future. In these cases, one thing is always certain – undervalued coins can take you far, and that’s exactly what we’ll cover here. Namely, we’ll cover five undervalued cryptocurrencies in 2024 that have huge potential to rise in price and make you rich. So, let’s find out what’s happening with the candidates – Cardano (ADA), Optimism (OP), Algotech (ALGT), THORChain (RUNE), and Mina (MINA).
Cardano (ADA) to Continue Its Positive 2023 Run
Cardano (ADA) is now at $0.49, marking a 19% decline in the last 30 days. However, there is an increase in the Cardano (ADA) trading volume and the heightened adoption of the token by the market.
As we enter 2024, Cardano (ADA) enters with us on a high note, boasting 1.36 million staked addresses and 4.5 million accounts. All these numbers indicate a steady upward trend for Cardano (ADA), which experts say will continue as Cardano (ADA) just released the final development update for 2023. Namely, experts say that the new development has yet to mark its presence in the Cardano (ADA) price, and when it does, it’ll only boost the price further.
Also, Cardano (ADA) developers announced that this will be the last update until January 12, 2024, which gives users time to truly get a sense of the new things Cardano (ADA) offers. Moreover, something that will further boost Cardano (ADA) is the success of decentralized exchanges (DEX) and Cardano’s humanitarian efforts, which analysts say will play a critical role in ADA’s future and the sentiment around the token. With all of this in mind, experts say that Cardano (ADA) will trade at $1 in January 2024.
Optimism (OP) Reaches Record-High Price as Bull Rally Slows but Doesn’t Show Signs of Stopping
Optimism (OP) was among the best-performing tokens at the end of 2023, reaching a new all-time high of $4.10 last Wednesday. After that, Optimism (OP) slowed down and decreased by a bit. However, this isn’t a negative sign like many might think because, according to experts, this gives investors a chance to buy up Optimism (OP) tokens before they increase in price again, which is very likely to happen.
Many experts believe that Optimism (OP) will reach an even higher peak in the weeks to come as the coin is now in price discovery mode. With that in mind, experts believe that Optimism (OP) will jump to $6 soon. Also, the bullish trend for Optimism (OP) is expected to continue as Optimism (OP) has experienced 16 green days over the last month, and ratings show that the sentiment around the token is still very much bullish.
Moreover, Coinbase recently introduced Optimism (OP) as an option for futures trading, and experts believe that this will increase the adoption of Optimism (OP) even further. At the moment, Optimism (OP) is trading at $3.70, a 112.55% increase in the last 30 days, and is expected to reach $6 sooner rather than later.
Algotech (ALGT) to Make Holders 450% Richer at Launch
When talking about undervalued coins that can make you a lot richer than you are now, Algotech (ALGT) is one of the best options that fits the bill. Algotech (ALGT) is an innovative, advanced algorithmic trading platform that allows anyone who wants to invest in crypto to do so without moving a muscle.
Namely, Algotech (ALGT) uses AI and advanced machine learning, along with extensive data analysis and quantitative research, to provide you with precise, consistent, and lucrative investment options. It does in-depth market research and allows you to choose from different algorithmic strategies that will be followed automatically. So, with Algotech (ALGT), you won’t have to do anything to create and maintain profitable cryptocurrency portfolios.
And since Algotech (ALGT) can do everything for you, it eliminates the need for manual trading, along with its issues, which include clouded judgement, peer pressure, emotional bias, rash decisions, uncertainty, slow executions, inconsistency, poor market analysis, and more.
To get rid of these issues, Algotech (ALGT) leverages real-time market information and historical data and engages in deep market analysis to find the best investment opportunities on the market. So, no matter which Algotech (ALGT) algorithmic strategy you choose, you’ll ensure that your portfolio is created based on data-driven decisions and accurate market information.
Some of the algorithmic strategies that Algotech (ALGT) users will get access to include trend following, breakout trading, arbitrage, mean reversion, bull market, bear market, and sideways market strategies. Regardless of which strategy you go for, you’ll receive dividends, which will represent passive income streams for you. The dividends will be a set percentage of the 30% performance fee that Algotech takes.
Other benefits that Algotech (ALGT) users will get include increased trading consistency, lightning-fast trade executions, better risk management, better efficiency, data-driven decision-making, as well as voting governance rights and partial ownership of the Algotech software for early ALGT investors, and more.
The Algotech token, named ALGT, will start Stage 1 of its presale at $0.04 and will launch at $0.15, marking an incredible return of 275%. Each stage following the Stage 1 will also mark great returns at launch, with even bigger gains after the token launch, according to experts. Most cite Algotech’s revolutionary investment strategies as the reason for these huge predictions and expectations, saying that Algotech will make crypto investing even better and more accessible.
THORChain (RUNE) on the Precipice of a New Bull Run
After a red streak in the last few days of 2023, THORChain (RUNE) literally turned a new leaf on January 1 and is now slowly climbing back up. When you look at the weekly stats for THORChain (RUNE), you’ll see that the token is up by 4.54%, making up for the few bad days from last week.
At the beginning of December 2023, THORChain reached a monthly high of $7.27 and is now trading at $5.67 one month later. However, even though THORChain (RUNE) has been dipping in price, the THORChain ecosystem has been scaling to new heights, which is why experts believe that THORChain (RUNE) can reach the $7.50 mark pretty soon.
According to experts, some of the developments that will turn the sentiment around THORChain (RUNE) bullish include the integration of THORChain (RUNE) with the Ledger Wallet, the new ASGARDEX update, and the introduction of THORChain’s zero-interest and no-liquidation lending by Shapeshift on December 19, 2023.
So, with all the new developments and the success of THORChain (RUNE) to quickly make up for the losses it experienced at the end of December, THORChain (RUNE) managed to sustain its bullish momentum, which, according to experts, will lead to an even more heated bull run for THORChain (RUNE) that could boost its price to $7.50 in the first quarter of 2024.
Technical Analysts Predict Mina (MINA) Surge to $2 and Beyond
In the span of just 30 days, Mina (MINA) managed to increase its price by 92.77%, which piqued investors’ interest. This positive movement started on December 19 for Mina (MINA), as the Mina Foundation appointed a new CEO on the same day.
Also, Mina (MINA) revealed that it has moved its operations to Switzerland, which was considered by many to be a stepping stone for Mina (MINA) towards further expansion. Another reason behind the price increases and positive predictions surrounding Mina (MINA) is the release of the Paima ZK layer, which represents a huge advancement in blockchain gaming that is, in turn, becoming increasingly more popular.
At the moment, Mina (MINA) is trading at $1.47, and experts say that it could reach $2 soon. They claim that Mina (MINA) is now in wave three out of five of its five-wave impulse to the upside, which started on October 11, 2023. The fourth wave might bring a minor setback for Mina (MINA) as it corrects, but it will then lead to a new high of $2 or more for the MINA token.
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