Three “Underdogs” of the Cryptocurrency World Capable of Delivering Steady Profits
The cryptocurrency bull market is here, and so is the mayhem, perplexing users and traders alike. With Bitcoin hitting a new ATH, the market is rife with promising crypto projects, compelling users to explore them with a renewed mind and drive.
A large influx of funds is often allocated to different crypto subcategories. Be it the best altcoins, meme coins, or most popular coins, the funds are floated in the market to extract maximum profits out of these categories.
But within the complex crypto market lies an eccentric “underdog” crypto coin realm that is capable of delivering stellar profits to its investors. Dubbed as gems that are often overlooked and underestimated, here’s our pick of three crypto underdogs worth an investor’s money.
Also Read: Cryptocurrency: Top Three Crypto Coins Poised for Steady Profits Over Time
The Top Three Underdog Crypto Coins That May Deliver Steady Profits
Cryptocurrency #1: Ripple XRP
XRP is underrated for a variety of reasons. The token is yet to project a bullish streak and is taking its time to gradually ascend the price threshold. The slow momentum is leading the space to speculate whether XRP is worth an investor’s time.
Per CoinMarketcap, XRP has noted a modest 6% uptick in its price in the last month, leaving users stewing in sheer confusion.
The ecosystem of XRP holds immense potential and is expected to break out soon or later.
With Ripple forging new alliances and connecting with banks to discuss a potential CBDC development, XRP may soon replace major crypto coins to take the market lead.
Per CoinCodex, the platform predicts XRP to hit another critical milestone in April 2024.
Our current XRP price prediction indicates that XRP’s price is expected to rise by 9.43% and reach $0.676073 by April 27, 2024... Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 80 (extreme greed). XRP recorded 17/30 (57%) green days with 4.45% price volatility over the last 30 days.”
Cryptocurrency #2: Cardano ADA
Cardano is another promising cryptocurrency that is struggling to breach its $1 price threshold. ADA’s inability to cross past the critical price conjuncture seems to be worrying its investors.
But Cardano’s stash of hidden potential may compel investors to think twice. Per Messari, Cardano is one of the most significant crypto coins worth exploring as of late. The token has shown remarkable progress since last year, which makes it a lucrative token to hold and store in the long run.
“Cardano’s TVL increased 166% QoQ and 693% YoY. ADA’s TVL ranking increased from 34th at the beginning of 2023 to 11th. Cardano’s stablecoin value increased by 37% QoQ and 673% YoY. iUSD remained the market leader, but alternative solutions such as USDM are approaching Mainnet. ADA’s price increased 127.2% QoQ, outpacing the overall crypto market’s increase of 53.8%.” Messari shared.
Dubbed a hidden gem waiting for a potential breakout, crypto analytics platform CoinCodex predicts the coin will shine brightly this bull season.
“Cardano is expected to trade within a range of $0.593707 and $2.65. If it reaches the upper price target, ADA could increase by 306.72% and reach $2.65.”
Cryptocurrency #3: Solana SOL
Solana, despite facing regular outages and network downtimes, recently outpaced major cryptocurrencies in the space, establishing itself as the “underdog” of the SOL ecosystem.
Solana was rife with network errors and meltdowns, leading users to speculate on its price progression and ascent.
But those doubts seem to have vanished as SOL climbed to the top of the crypto radar this bull season. Solana is up a whopping 60% in the last month, with platforms forecasting a 200% spike in its price next month.
“The predicted price of Solana may rise by 227.56%, reaching $593.96 by April 27, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 80 (extreme greed). Solana recorded 19/30 (63%) green days with 16.75% price volatility over the last 30 days.”
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