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Top Four Altcoins To Watch Now And Buy Later For Big Gains
The crypto market has been experiencing a rollercoaster ride lately, with some altcoins showing remarkable growth. As the market continues to fluctuate, investors are on the lookout for the next big opportunity. Recently, an analyst pointed out four specific altcoins that have caught their attention – SEI, ENA, SUI, and Aptos. But can we really expect these coins to deliver substantial returns?
Let’s dive into each of these potential investments:
First off, we have SEI. Backed by Circle, this blockchain has seen a meteoric rise in activity, with a significant increase in weekly transactions compared to Ethereum and Arbitrum. Its price currently sits at around $0.33 and could potentially skyrocket to $0.54 if the trend continues.
Next up is ENA, which boasts an impressive $260 million buyback plan spread across 60 weeks. Ethena is showing strong performance, even outpacing Circle and PancakeSwap in earnings. However, ENA’s price is currently testing an important resistance level, making it a high-risk purchase at the moment. It might be wiser to wait for a pullback or consolidation before investing.
Moving on to SUI, we see a rather different story unfolding. Its daily trading volume has reached $2.34 billion, and stablecoin transactions are now double those of Solana. Unfortunately, a substantial token unlock worth $240 million is scheduled for August 1, which might lead to temporary selling pressure. If the market takes a dip due to this event, it could be an excellent chance to purchase SUI ahead of its next major surge.
Last but not least, we have Aptos, which has gained significant backing from well-known institutions such as BlackRock and Franklin Templeton. This support is crucial for Aptos’ future development and potential growth. However, the price hasn’t broken out yet, so it’s best to keep an eye on it before making a move.
In conclusion, these four altcoins – SEI, ENA, SUI, and Aptos – have demonstrated impressive performance recently. While they are not without their risks and challenges, they do have tremendous potential for big gains in the future.
Source: coinpedia.org
