Analysts are starting to pay attention to a handful of cryptocurrencies again amid the current bear market, and they’re predicting that their prices may rise soon.
The YouTube channel Altcoin Daily has highlighted five altcoins—Ethereum (ETH), Solana (SOL), Chainlink (LINK), Dogecoin (DOGE), and Uniswap (UNI)—that they believe will experience substantial growth in the next cycle.
Sundara (SOL) Solana (SOL) remains at the top of Altcoin Daily’s list, even though the market has recently declined. With a decrease of 0.1% in the last 24 hours, Solana is now worth $141,793. The price of the cryptocurrency dropped 45.47 percent from its all-time high of $260.06 on November 7.
According to CoinMarketCap,
It is worth noting that SOL’s market capitalization dropped by 2.31% to $65 billion, putting the token in fifth place overall.
Link: Chainlink Among the alternative cryptocurrencies included in the study is Chainlink (LINK). Coinmarketcap reports that the price of LINK has dropped 2.10 percent in the past day, to $13.87.
According to CoinMarketCap,
The crypto project fell to number fifteen among cryptocurrencies as its market cap dropped to $8,431,604,415. Trading volume fell 5.88% during the same time period, reaching $272,606,158. Nevertheless, LINK’s price has stayed relatively unchanged over the past day, hovering around $14.56.
The Dogecoin (DOGE) Protocol The popular cryptocurrency Dogecoin (DOGE), which is well-known for its active community, is currently worth $0.1236, down nearly 1% in the last day. With a market cap of $17,916,103,605, Memcoin is ranked ninth worldwide.
According to CoinMarketCap,
One day ago, the price of DOGE ranged from $0.1224 to $0.1277. In spite of price swings, DOGE’s trading volume hit $553,183,165 in the last day, a substantial drop of 15.39%.
Mutual Insurance Company (UNI) In 2024, Uniswap (UNI) is seen as another potential alternative coin. In spite of a recent setback that caused its price to drop to $8.96, a decrease of 4.68%, UNI continued to attract attention from investors during the previous day. The DEX token was valued at $5,373,166,856 and ranked twenty-first in the market.
According to CoinMarketCap,
A fascinating turnaround, though, is indicated by the trading volume over the last 24 hours. Trading volume for UNI reached $161,885,776—a 27.22% increase—according to CoinMarketCap. Despite price fluctuations, this surge suggests that interest and activity surrounding UNI have increased.
The ever-changing and unpredictable market has been reflected in the $8.93 to $9.49 price range for UNI over the last 24 hours.
The cryptocurrency known as Ethereum (ETH) The top ten cryptocurrencies as listed by Altcoin Daily are completed by Ethereum (ETH), the cryptocurrency with the second-largest market capitalization. At the time of writing, one Ethereum token was worth $3,384.55, down 0.3% from the previous day.
According to CoinMarketCap,
Ethereum saw daily trading volume of $11.47 billion, contributing to its current market capitalization of $406.7 billion. With recent price fluctuations ranging from $3,363.44 to $3,467.83, the circulating supply of Ethereum is 120,184,719 ETH.