Bittime - Investing in altcoins is promising, but the volatility of the crypto market still requires careful consideration and research.This is why, identifying altcoins with high potential can be the key to successful investment. Below are recommendations for potential altcoins according to Crypto Academy analysis that you can consider!
Let's take a look!
List of Altcoins with the Most Potential for Profit
The following is a list of altcoins with potential for profit according to the Crypto Academy.
Akash Network (AKT)
Kalimasada, in the Crypto Academy YouTube Margin Call session, explained that one of the interesting projects from the cloud computing sector is Akash Network (AKT).
Akash Network itself is a decentralized cloud computing platform that allows selling unused computing capacity. The platform creates an open marketplace that offers cloud services at lower prices than traditional providers.
With a decentralized approach, Akash Network increases security and privacy for its users. It's ideal for developers looking for an economical and transparent cloud solution.
On Tuesday, April 23 2024, AKT's price soared 48 percent after it was officially listed on Upbit, one of the world's leading exchanges. The AKT token has risen more than 27 percent in the week and AKT's market cap at the time of writing was recorded at 1,189 billion US dollars, placing it in 77th position globally.
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Immutable (IMX)
Kalimasada analysis reveals that Immutable (IMX) has a chance to rise by 3 US dollars. Kalimasada added, if IMX is able to break out above 4 US dollars or above the ATH , then IMX has very high potential to rise to 4.7 US dollars, 6.6 US dollars, and even 8.5 US dollars.
Stacks (STX)
Stacks (STX) is a layer-1 blockchain that aims to bring smart contracts and decentralized applications (dApps) to Bitcoin. By leveraging the security and immense liquidity of Bitcoin, Stacks provides a robust platform for dApps and smart contract innovation without the need to create a separate blockchain.
Kalimasada stated that Stacks' target increase was 6 US dollars. Meanwhile, based on historical price action in the last week, STX has experienced an increase of up to 22 percent and STX is one of the crypto assets whose price was not significantly impacted by the Israel-Iran war.
Also Read How to Buy Crypto:
Near Protocol (NEAR)
NEAR Protocol is a cutting-edge innovation in blockchain technology, designed to provide exceptional scalability and superior transaction speeds without compromising security.
The platform makes things easier for developers by providing intuitive tools and a supportive ecosystem, making building decentralized applications (dApps) more efficient and user-friendly.
According to Kalimasada's analysis looking at historical price action, the NEAR token has the potential to rise to 9 US dollars, 12 US dollars and 17 US dollars.
Also read: NEAR Protocol (NEAR) Price Increase: Driven by New Users and Technology Adoption
Arwave (AR)
Arweave (AR) is a decentralized storage network that aims to provide permanent, indelible data storage.
The platform allows users and developers to store data permanently for a one-time fee, as opposed to traditional cloud storage models that require recurring fees.
In the long-term chart, Kalimasada explained that in the long term, AR has the potential to reach 70 US dollars, 90 US dollars, or even form a new all-time high. This is because the support resistance flip has already occurred, so it cannot fall again to 25 US dollars.
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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:
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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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