Bitcoin Retracts to $42K; Whales Accumulates 3 Altcoins Predicted to Soar 200% in Upcoming Rally 

The post Bitcoin Retracts to $42K; Whales Accumulates 3 Altcoins Predicted to Soar 200% in Upcoming Rally  appeared first on Coinpedia Fintech News

Global cryptocurrency market capitalization rose above $1.71 Trillion. Certainly Bitcoin ($BTC) price hit the $48K mark triggering surging of the market cap. However, the leading cryptocurrency settled back to around $42K shortly. But it was altcoins that kept holding the highs. The reverse swing of the crypto market could be momentary and the community believes the crypto market’s upcoming rally is imminent. 

Given the slow and steady rise in crypto market cap, altcoins would be among the frontrunners to gain. So it becomes crucial to mark such crypto assets to bag before the next potential crypto rally takes place. Here are some tokens worth considering the coming bull run.

Arbitrum ($ARB)

As an Ethereum layer-two scaling solution, Arbitrum employs optimistic rollups to enhance speed, scalability, and cost-efficiency. The project’s resilience is evident in its ability to maintain Ethereum’s security while offering lower fees and higher throughput by offloading computation off-chain.

ARB holders actively engage in governance through the recently established decentralized autonomous organization (DAO) structure—the Arbitrum DAO. This shift enhances transparency and community involvement, contributing to the project’s appeal.

Arbitrum’s success is grounded in proven technology that addresses Ethereum’s scalability challenges, providing users with a more cost-effective and efficient experience. The community’s positive sentiment and active participation in governance discussions reflect a strong foundation for growth.

Arbitrum ($ARB) presents a promising investment opportunity in 2024, despite an 85% drop in the past year, currently trading at $1.7. Despite the price drop, the $1.7 valuation serves as an attractive entry point for investors. With a strategic development roadmap and continuous improvement, Arbitrum stands out as a project with the potential for resurgence and long-term success in the dynamic decentralized finance landscape of 2024.

Landshare ($LAND) 

A tokenized real estate ecosystem, Landshare ($LAND) brings opportunity to people for making Real World Asset (RWA) token investments. The native Landshare RWA ($LSRWA) tokens facilitate investments in a fraction of real estate properties. These properties are digitized over blockchain and each RWA token represents a certain fraction of the property value 1:1. 

Landshare native utility and governance token $LAND serves for transactional and exchange purposes across the platform. The increase in price of token is evident of the platform’s popularity and growth in the recent year. 

At present, $LAND token trades at $1.45 following a surge of 15% in the last 24 hours. The token jumped over 160% year over year to attain the current price levels. The all-time high (ATH) price of $10 is sufficient to understand the potential of the token and where the upper ceiling lies.

In simple terms, the token obtained the price level during the last bull run and if it repeats the same in the next one, the $LAND token can go 10x from here. 

Immutable ($IMX)

Immutable ($IMX) distinguishes itself as the inaugural layer-two scaling solution tailored for Non-Fungible Tokens (NFTs) on the Ethereum network. The platform addresses critical issues inherent in Ethereum, such as low scalability, suboptimal user experiences, illiquidity, and sluggish developer interactions. Immutable’s blockchain promises users instantaneous trading capabilities, substantial scalability, and most notably, a gas fee-free environment for minting and trading NFTs—all without compromising user or asset security.

Amid the dynamic landscape of blockchain and decentralized applications, Immutable ($IMX) emerges as a compelling investment option in 2024. Priced at $2, the token has experienced a remarkable 220% surge in the past year, making it a noteworthy contender for investors seeking strategic opportunities.

Investors eyeing Immutable in 2024 are drawn to its unique positioning in the NFT space. The impressive 220% surge in value over the past year reflects growing confidence in the project’s ability to revolutionize the NFT ecosystem. As blockchain technology continues to evolve, Immutable stands out as a trailblazer, offering a robust solution to Ethereum’s limitations while providing a lucrative investment opportunity in the burgeoning world of decentralized finance.