Bittime - Bitcoin is indeed the king of crypto, but the ever-growing crypto world has given birth to many potential competitors. Even though their market capitalization is smaller, these altcoins can be an attractive choice for traders who are aiming for big profits.
Bitcoin's price is now over $70,000, up 14.67% in the past week and 26.02% in the past month. In fact, Bitcoin has just set an all-time high (ATH) and is expected to touch $100,000 before the end of 2024.
But amidst Bitcoin's dominance, there are two altcoins that are on the rise: Cronos (CRO) and Stellar (XLM). Investors are looking at them because they have the potential to provide profits of up to 10 times.
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Cronos (CRO): 10x Profit Potential
Cronos price is currently around $0.1478, down 2.33% in the last 24 hours. Even so, the price still rose 22.93% in the last week and 48.72% in the last month.
Importantly, Cronos is among the top 50 altcoins by market capitalization. Its presence is dominated by high trading volume. As an illustration, 24-hour trading volume when this article was written was up 28.50%.
Also read: Cronos (CRO): Accelerating the Future of Decentralized Finance
Analysts expect investor interest in Cronos to continue to grow, and the price could soon approach $0.15. This could pave the way to an all-time record high (ATH) of $1.
Granted, that dream is still a long way off, but rising prices could make it more realistic. Cronos price estimates say this record may be reached at the end of this decade, namely in 2030. Or, it could be exceeded by $1 in 3-4 years.
The only downside risk is to $0.1, which could open the door to a deeper fall to $0.080.
Also Read How to Buy Crypto:
Stellar (XLM): Send Money in Seconds
Stellar is known as a cryptocurrency that focuses on payment transactions. XLM dominates this segment with a market capitalization currently down 0.52%. However, 24-hour trading volume is up 0.40% and the price is currently $0.1382, up 17.19% in the past week and 15.91% in the past month.
Reports say the value of XLM rose 12% in the last week. With these positive trends, there is an opportunity for exponential growth in the future.
Also read: Stellar Lumens (XLM): Bullish Price in the Crypto World?
This upward trend is clearly visible, especially with several important events that will occur. First, Bitcoin Halving could cause a domino effect throughout the crypto world.
Investor interest in altcoins like XLM is likely to increase. Second, an Ether ETF could fuel demand for other crypto ETFs, thereby benefiting all tokens. Meanwhile, XLM's target is to reach $1. Stellar's price forecast says this target may be achieved by the end of the decade.
XLM's weekly and monthly performance has positioned it well to make that dream a reality. Even though the estimated time is still long, the price could rise faster than expected.
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Conclusion
Investors are now looking at altcoins to gain huge profits in the long term. Altcoins are an attractive alternative when BTC and ETH prices are already high.
The surge in interest in CRO and XLM could have a positive impact on other altcoins. Overall, bullish (optimistic) sentiment is strong and will remain for some time to come.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
5 Altcoins Have a Chance to Rise 1000% when Bitcoin Falls? This is the Altcoin List
Tips for Finding Altcoins that will Rise
Causes of Altcoin Season Lagging in 2024
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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