The market for altcoins may soon outpace Bitcoin, which is a potential turning point. This shift is attributed to the cyclical nature of cryptocurrencies, with Bitcoin typically leading the way in the initial stages, followed by periods of altcoins dominance. This downturn has affected Bitcoin's dominance to the point of barely maintaining a 50% share. Historically, as the bull markets of 2015 to 2018 and 2019 to 2022 drew to a close, altcoins tended to steal the show with gains that outpaced Bitcoin. Given the current trend and the upcoming Bitcoin halving, there has been speculation that altcoins could see more growth this year if Bitcoin can't resume its bullish momentum.
Against this background, certain altcoins DOT, RNDR, UNISWAP (UNI), NEAR, expect that by the end of January, these cryptocurrencies could bring 10-100x gains in the 2024 bull market, taking advantage of the altcoins that could be ahead of Bitcoin's market dynamics.
dot
There are many reasons why DOT is the next generation of encryption. First of all, the network is designed around parachains and bridges. This allows it to solve some of the most serious issues affecting blockchain networks, such as scalability and security. Its Layer 0 framework also allows for the creation of custom blockchains with significant interoperability. It allows decentralized applications to communicate across different infrastructures. Finally, the DOT governance token allows participants to have a say in how the network should be governed and evolved, making it one of the most noteworthy next-generation cryptocurrencies.
rndrOn January 4, 2024, render** announced plans to incentivize token migration. The meeting said that it will absorb the gas fees of RNDR token holders switching to the new render token on the Solana blockchain. The Render (RNDR) program was launched following the network's transition from Ethereum to Solana in November 2023. Render** highlighted the rewards for token holders transitioning from RNDR to Render in a blog post and set aside 1.14 million Render tokens for this program. According to on-chain data, Render (RNDR) skyrocketed by 136%。Unfortunately, the consolidation resulted in a large move in Render (RNDR), with the token going from 4 to 4 between January 4th and January 25th$92** to $3$66. The market** suggests that Render (RNDR) could spike to 4$5. If Render ** will execute its token incentives, Render (RNDR) will certainly increase investor interest, driving positive market sentiment.
Uniswap (UNI): Robust trading and wallet innovationRecently, Uniswap (UNI) has shown signs of recovery, with some pointing out that it could be by the end of 2024 to 11$32. UNI's ability to break through key resistance levels is crucial in determining its future movements.
Looking ahead, Uniswap (UNI) is expected to face a mix of bullish and bearish sentiment. If it manages to overcome the resistance level, we can see a significant increase in its value. Failure to do so, however, could lead to a reassessment of the country's position and could test lower levels of support. The future of Uniswap (UNI) depends on these key market reactions and their ability to capitalize on the current momentum.
nearThe NEAR Protocol (NEAR), as the top cryptocurrency in the cryptocurrency space, has been receiving considerable attention as a community-run cloud computing platform. While NEAR stands out from most of its peers, it addresses key limitations in the blockchain space, including poor interoperability, low throughput, and slow transaction speeds.
Despite the recent challenging market situation, near has remained significant over the past week. In particular, near **is currently at 2$5 and $3$14, more than 25% in the past week alone.
If anything, the current positive momentum indicates that the bullish sentiment among investors has increased. In addition, it further highlights the need for bulls to regain control of crypto for a possible new high.
The bullish dominance is also evident in Near Protocol's Crypto Relative Strength Index (RSI). Over the past week, it has broken through the $3 level, indicating a trend. According to Near Protocol's *** by the end of 2024, it is possible to reach 404 USD.
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