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In a recent statement at the Consensus 2024, as published by Chainlink on the official YouTube channel, Chainlink co-creator Sergey Nazarov says this could be the year in which a great merger between blockchain and traditional global financial systems will occur.
Nazarov claims that the market for on-chain assets is more than $100 trillion, and shared a chart showing that the $2.7 trillion debt market, and the $106 trillion stock market can move onto the blockchain. The chart also implied how other assets, such as global real estate and derivatives, can be tokenized.
As a result, traders on a global scale began diversifying their holdings before all of this happens, and the key cryptocurrencies that are rising in value include Angry Pepe Fork (APORK), Ethena (ETA), Chainlink (LINK), THORChain (RUNE) and Uniswap (UNI). We will go over all of them individually to determine which one can spike the most in value.
We will now take a much deeper look at the overall updates, developments and price performance behind each one of these cryptocurrencies to see which one has the highest likelihood of reaching new heights during the upcoming trading sessions. By the end we will see why these are among the best altcoins to invest in.
Angry Pepe Fork (APORK) is shaking up the crypto landscape by transforming the way users engage with its ecosystem through incentivized stakeholding. Specifically, it introduces a gamified staking model, where a Conquer to Earn program incentivizes users to stake their APORK tokens through a flexible locking mechanism.
As a result they can commit their APORK holdings between 30 days, 60 days and 90 days, which caters towards diverse risk tolerance profiles, enabling anyone to stake in a time-frame they feel the most comfortable with. The progressive rewards also incentivize longer lock-in periods, which drives user engagement further, leading to long-term and high-ROI opportunities.
Token scarcity is another key differentiator, as unlike inflationary cryptocurrencies, APORK also boasts a capped supply of 1.9 billion tokens. This can prioritize long-term value appreciation, pushing investor interest higher. Moreover, the project is built on the Solana blockchain and APORK prioritizes utility. Its collective earning model benefits the entire community, and the presale token allocation is designed to reward early holders, while the low starting price creates a low barrier to entry, allowing anyone to participate in the potential future uptrend. The crypto now trades at $0.014, and will spike 10x according to analysts projections, making it a major opportunity for traders, positioning it as one of the best altcoins to invest in.
Ethena (ETA) is heading upwards on the charts after displaying bullish on-chart performance. During the past week, the Ethena price increased by 10%, and a major catalyst for this growth has been the expansion of its functionality.
Specifically, users can now stake BBUSD to earn sUSDe yield, while maintaining their BTC exposure. According to the official announcement, this is the first out of numerous upcoming yield products which are focused on unlocking scalable returns. As a result, the Ethena crypto could see further utility. According to the Ethena price prediction however, the crypto can end Q4 of 2024 at $1.23.
Chainlink (LINK) has also been dominant during the past trading sessions, especially after its most recent partnership. The Chainlink price is up 10%, as the team announced that they conducted a strategic partnership with ZeroLend.
The platform will use the industry standard to accurately value a user’s collateral whenever they lend or borrow assets, and this could also result in increased Chainlink crypto usage. As a result, sentiment on its future is bullish and according to the RSI and MACD index, it could reach new heights. Based on the Chainlink price prediction, it can end 2024 at $26.06, making LINK one of the top altcoins to buy.
THORChain (RUNE)’s ecosystem is dominating on the charts, as the THORWallet has remained the top player. Specifically, it has made huge progress on mobile with v3, where much of the core functionality of the THORChain crypto is already working.
In addition, the weekly swap volume reached over $53 million, further solidifying RUNE as a major player.
According to the THORChain price performance, the crypto saw an increase of 15% on the weekly chart where it reached $6.77. Now, $7 marks the next major price barrier the RUNE token needs to pass, and according to the THORChain price prediction, it can end 2024 at $10.90.
Uniswap (UNI) has reached a new milestone, as 10 months since the Uniswap Protocol’s launch on Base, the volume spiked significantly. During the first fire months, it was at $1.04 billion, but it has reached a volume of $34.45 billion during the second five months. As a result, the Uniswap crypto usage could increase, fueled by this major momentum.
According to the Uniswap price chart, the crypto has risen above the $11 price barrier during the past week, further solidifying it as a dominant market player. According to the Uniswap price prediction, it can end Q4 of 2024 at $15.77.
As blockchain and traditional financial systems could merge soon, Ethena, Chainlink, THORChain and Uniswap have all displayed dominance, and could be positively affected. However, Angry Pepe Fork is getting a lot of traction as well, as with its innovative Conquer to Earn program, it can fundamentally change the way industry veterans and newcomers see the staking procedure, and incentivize a value-generation process for the entire community.
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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.
