Market volatility pushes crypto investors to look for the best cryptocurrency to buy. Toncoin (TON), Algotech (ALGT), PEPE, and THORChain (RUNE) are some of the top altcoins displaying impressive price activity amidst a price-crippling market downturn.
Delve into TON, ALGT, PEPE, and RUNE.
Toncoin (TON) has become one of the top crypto coins in Q2, offering superb price and on-chain activity. The prevailing general market weakness has caused price drops in most crypto assets. However, Toncoin (TON) has defied the market and recorded an increase in its value and investor interest.
Toncoin (TON) has gained 37% from $5.41 to $7.44 between April and May. Besides its price rise, Toncoin (TON) registered a TVL rise as investors increased their stakes in Toncoin (TON) protocols. On-chain data analysis shows that TVL on Toncoin (TON) went from $18.8 million in February to $258.6 million in May. Toncoin’s (TON) price, network activity, and popularity growth are due to its recent partnership with Telegram, the messaging app.
Based on its price activity, experts suggest a bullish market sentiment for Toncoin (TON). Moreover, expert price projections indicate it may reach $10, a 34% gain by the end of the year.
Algotech (ALGT) has risen to the top of the presale coins list as its public presale attracts investors. The decentralized crypto trading platform incorporates AI into its advanced technological foundation to empower traders and elevate their trading outcomes.
To achieve this goal, Algotech’s (ALGT) artificial intelligence protocols automate trading strategies, eliminating manual trading and its associated complications. Further, it facilitates proper market analysis for accurate insights and trading decisions. Moreover, Algotech (ALGT) enables better capital management for growth.
Algotech’s (ALGT) public presale has reached numerous investors due to its high ROI, impressive price gains, and exciting rewards. Algotech (ALGT) promises a 275% yield for early investors at the end of the public presale, as well as ownership interests, voting rights, and dividends. Furthermore, Algotech (ALGT) has already made a 100% price increase with the presale in Stage 3 after token values surged from $0.04 in Stage 1 to $0.08.
Further, an impending 87.5% price increase that will lead Algotech (ALGT) to its projected listing price of $0.15 also entices new buyers to the public presale.
Meme coins offered massive profitability to investors in Q1 as their revival saw a surge in investment. However, the prevailing market weakness caused their prices and investment inflows to fall. Now, PEPE has distinguished itself with a recent price surge and whale acquisitions, resulting in a move contrary to prevailing market conditions.
The PEPE coin price surged from $0.000056 to $0.000087 in Q2. This surge was attributed to the return of PEPE coin whales to the market, which pushed the price momentum of PEPE.
Following the rise in PEPE trading volumes, market experts suggest a bullish market sentiment for PEPE. Technical analysis shows its RSI surpassing the 50% level, indicating a continued price increase. PEPE coin price predictions project a rise to $0.0001 in Q4.
Market depression in Q2 2024 pushed THORChain (RUNE) price down 59% from a $10.62 all-time high achieved in Q1 to a low of $4.33. However, THORChain (RUNE) has displayed resilience amidst its challenges in the market to attract its buyers back and regain dominance over its sellers, stemming a price drop.
THORChain (RUNE) price surged 40% from $4.33 to $6.10, despite the market downturn to deliver profits for investors. THORChain’s (RUNE) renewed momentum drives investor optimism that its price uptick will continue.
THORChain (RUNE) price activity shows a bullish market sentiment. Price predictions project that if it maintains its upward trajectory, THORChain (RUNE) will recover its ATH of $10.62 by the end of the year.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.