As the cryptocurrency market continues to evolve, experts like CryptoBusy, a renowned crypto educator and technical market analyst on the X platform, offer their insights into the future of altcoins. In a recent report, CryptoBusy reveals a list of six altcoins investors should watch for potential significant moves.
According to CryptoBusy, one of the altcoins worth watching is The Sandbox ($SAND). With a current price of $0.390104 and a 24-hour trading volume of $78,510,027, The Sandbox has seen a 1.47% decline per CoinMarketCap data. Despite this, its remarkable distribution and transfer of over 120 million SAND, worth $47.62 million, to multiple addresses have caught the attention of investors.
With a market cap of $802,808,487, the digital asset ranks #49 on CoinMarketCap. CryptoBusy suggests that a bullish divergence might be on the horizon for $SAND, indicating potential future growth.
Cronos ($CRO) is another altcoin that has garnered interest, with a live market cap of $1,431,071,309 and a trading volume of $6,489,950. Despite the current downturn of 0.84% in the last 24 hours, experts like CryptoBusy are closely watching the $0.05600 to $0.05720 price range, as revealed in the post below. A consolidation could occur around the $0.05687 support, and a breakout on the lower side might be imminent. The CRO/USD cryptocurrency pair has traded at $0.05661 in the past 24 hours.
Internet Computer ($ICP) recently witnessed a spike in its valuation, quickly rising from $4.030 to $4.05. This abrupt surge has sparked increased trading activity, buoying investor confidence. With a live market cap of $1,789,299,797 and a circulating supply of 441,549,415 ICP coins, experts view this as a positive sign.
Uniswap ($UNI) experienced a price decline, dropping to $6.24 despite a previous upward trend. Even though bearish momentum is present, analysts predict that the price will not fall below $6. The current market cap of the UNI/USD pair, recently trading at $6.25, is $3,601,584,203, and a circulating supply of 577,501,036 UNI coins continues to entice investors.
Cardano ($ADA) trades between $0.25 to $0.45, currently priced at $0.289774. While ADA has seen a 0.29% drop in the last 24 hours, experts argue that this could be a chance for retail and institutional investors to accumulate more of the smart contracts token.
Lastly, VeChain ($VET) is trading at $0.018366, with experts predicting a possible average price of $0.017 in mid-August 2023. While the altcoin is still 93.42% down from its all-time high of $0.2782, the current market cap of $1,335,470,594 and circulating supply of 72,714,516,834 VET coins offer the potential for future growth.
In conclusion, the altcoins mentioned in the CryptoBusy report present possible opportunities for investors looking to diversify their portfolios. The market dynamics of these digital assets are continuously changing, and by keeping an eye on their technical moves, investors could capitalize on the potential for significant returns.
Disclaimer: The price analysis published on CryptoTale is for informational purposes only. Readers should exercise their judgment and conduct independent research. CryptoTale is not liable for any damages or losses arising from using the price analysis.
