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The crypto market is full of profit-making opportunities as investors await the 2024 rally. Experts consider SUI, Algotech (ALGT), XRP, and Render (RNDR) the best cryptos to invest in for a profitable 2024.
Let's explore SUI, Algotech (ALGT), XRP, and Render (RNDR) further.
As of February 1, 2024, SUI was among several top crypto coins, promising to bring fresh tokens worth $870 million to the market in February. With the market expecting SUI crypto to fall following the announcement, its price rose from $1.51 to $1.54.
Between January 30 and February 5, SUI crypto gained 5% from $1.56 to $1.80. Given this spectacular performance as the market laid its foundation for a bull run, SUI investors are optimistic they will enjoy a profit.
Moreover, in the few months it has been in the market, SUI crypto has shown its value as a blockchain ecosystem by attracting high-quality projects and breaking through the top 10 of top DeFi coins, caused by SUI TVL rising above $500 million, according to DeFiLlama.
Consequently, market experts project that SUI may rise by 82% to reach $3 by the end of Q1.
Can SUI perform better than Algotech (ALGT)?
Investors looking to 10x their investment in the crypto market must look at new cryptos. Algotech (ALGT), a decentralized online trading system, is one of the newcomers to the market and an ideal crypto for beginners and expert investors.
It stands out for its harnessing of AI, its use of blockchain technology, and its robust automation of trading strategies. Consequently, new users have correct and complete market data to enable precise trade setups that result in substantial profits.
As an investment, Algotech (ALGT) pulls investors into the ongoing presale with attractive returns, giveaways, and benefits for purchasing ALGT. Public presale investors provide capital for the continued development of cutting-edge Algotech (ALGT) technology. In return, they become controlling and dividend-earning shareholders.
Moreover, with Algotech (ALGT) in Stage 1 of the presale, it is on offer for as little as $0.04 per token. Investors who purchase Algotech (ALGT) now anticipate a 275% profit at the final stage when it reaches $0.15.
Furthermore, Algotech (ALGT) presale investors enter a draw to win iPhones, Apple Watches, and fully paid airfare to Dubai for the Blockchain gala.
XRP, one of the prominent top 10 altcoins, may miss out on the upcoming bull run. Between January 1 and January 31, 2024, the XRP crypto price fell from $0.61 to $0.51. The ongoing XRP lawsuit is a significant cause of the downtrend for XRP this year.
Following this observation, investors have continued to abandon XRP as is deductible from the falling traded volume numbers in the period, as per CoinMarketCap.com. The low demand further accelerates the XRP crypto price decline.
Experts suggest that as the XRP lawsuit continues, Ripple (XRP) has fallen out of favor with financial organizations that saw it as the best token for TradFi and DeFi integration. Moreover, XRP investors are pessimistic it will rise in the bull run, given the rising number of short XRP transactions in the derivative markets, implying a bearish market sentiment for XRP crypto price.
Based on this information, experts predict XRP may fall to $0.45 in the middle of Q1 2024.
Crypto investors have identified Render (RNDR) as one of the best tokens to invest in for 10x returns when the bull run starts. From January 2024 to December 2024, Render (RNDR) investors experienced over 1,000% gain as its price moved from $0.4 to $4.55.
Moreover, Render (RNDR) investors anticipate high returns in 2024, as experts suggest a bullish sentiment for Render (RNDR). Technical analysis, including green MACD results and a northbound RSI above 50, confirm investor expectations.
Consequently, Render (RNDR) price projections indicate it may gain 50% from $4.64 on February 5 to reach $7 by the end of the year.
With only Algotech (ALGT) likely to offer a three-digit return rate, it is the best crypto to invest in for the 2024 bull run.
Follow these links to learn more about Algotech (ALGT) presale.
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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.
