Hidden gems: Unveiling the top 4 under-the-radar cryptos set to soar in 2024

In the crypto realm, there are significant updates regarding regulatory and legal aspects in the crypto world. The U.S. Department of Justice has deemed Changpeng Zhao, the would-be-former CEO of Binance, as an 'unacceptable risk of flight' and suggests he should remain in the U.S. This development comes amidst Binance's $4 billion settlement and raises questions about the future of spot Bitcoin ETFs (Exchange-Traded Funds).

On the plus side, the global community is witnessing movements towards the adoption and testing of crypto technologies. South Korea plans to invite 100,000 citizens to test its Central Bank Digital Currency (CBDC) in 2024. This indicates a growing interest and investment in digital currencies by national governments.

On top of that, market analysts are actively discussing the potential impact of recent events on cryptocurrency prices. Specifically, there is speculation that Bitcoin's price could surge to $141,000 if an ETF approval occurs. Such analyses provide insights into the possible future trends in the crypto market.

Amidst this mixed background, several altcoins seem to be promising bright prospects for investing. Among these, Aptos (APT), Liquity (LQTY), Render Token (RNDR), and LeverFi (LEVER) stand out as particularly noteworthy. According to Mike Ermolaev, the founder of Outset PR and crypto market analyst for FXStreet, these altcoins bring potential to the table, attracting attention from both investors and crypto enthusiasts.

Aptos (APT): Technicals Indicating Steady Growth

Aptos (APT) is showing a promising trend. Trading between $6.53 and $7.37, it has added 17.85% in a month. The technical analysis reveals a generally neutral to positive outlook, with several indicators suggesting potential for growth. The Relative Strength Index (RSI) for Aptos stands at 55.87, indicating a neutral market momentum. The Awesome Oscillator at 2.11, however, is signaling a buy, hinting at a potential upward movement in price.

In terms of moving averages, Aptos (APT) is showing strong buy signals across various time frames. Specifically, the EMA 200 stands at 6.84 and SMA 200 is at 6.72, reflecting a consistent upward trend in the short and long term. The resistance levels at $8.11 and $9.16, and support levels at $5.35 and $3.64 suggest that APT has room for upward movement before encountering significant resistance.

Overall, the technical analysis of Aptos (APT) paints a picture of a coin with a stable and potentially growing market presence. The predominance of buy signals in moving averages, combined with neutral oscillators, indicates a balanced market sentiment with a leaning towards growth. At the same time, these indicators form a part of a broader analysis, so due attention should be given to the inherent volatility and risks associated with cryptocurrency investments.

Liquity (LQTY): Strong Bullish Trend Ahead

Liquity (LQTY) is exhibiting a mixed trend in the cryptocurrency market, with its price between $1.3359 and $1.5644. According to the Relative Strength Index (RSI), the index is at 44.89, which is neutral, and other indicators, such as the Stochastic %K, Commodity Channel Index (CCI), and Average Directional Index (ADI), support this stance. In other words, the LQTY market seems to be in balance.

The resistance levels for LQTY stand at $2.3163 and $2.9898, and support levels are at $0.9399 and $0.2370. These figures suggest that Liquity may face resistance in the short term if it attempts to move upwards, while having some support at lower price levels. Notably,  Liquity recently broke above the 200-day moving average, a significant bullish signal. This was the second major bullish breakout since overcoming the lower highs trend line of the bear cycle. 

The mixed signals from oscillators and moving averages suggest a market that is currently uncertain, with potential for both upward and downward movements. At the same time, there is a view that LQTY might have reached its bottom, with serious upside potential. Anyway, one should keep in mind the volatile nature of this asset and weigh these ideas against their own research and risk tolerance.

Render Token (RNDR): Hitting Crucial Milestone Paves Way for More Gains

Render Token (RNDR) is showing a mixed but predominantly positive trend, trading between $2.43 and $3.96. The Relative Strength Index is at 65.6794, which is neutral, while the Momentum indicator at 1.7091 and MACD at 0.3200 are signaling a buy, suggesting some bullish momentum.

In terms of moving averages, Render Token shows a strong bullish trend. The Exponential Moving Averages (EMA) at 1.9251 and Simple Moving Averages (SMA) at 1.9650 for 200 days are all indicating buy signals, reflecting a consistent upward trend. The resistance levels at $2.8633 and $3.3449, and support levels at $1.7165 and $1.0513 suggest that RNDR has room for upward movement before encountering significant resistance.

Render Token recently achieved a notable milestone by reaching a price above $3 for the first time in 600 days. This development indicates a resurgence in investor interest and market confidence in RNDR, potentially signaling a positive trend for the token.  

LeverFi (LEVER): Getting Ready for a Mighty Jump 

LeverFi (LEVER) is fluctuating between $0.0012 and $0.0015. The Relative Strength Index is at 42.0873, which is neutral, suggesting a balanced market without strong overbought or oversold conditions. Meanwhile, both EMA 200 and SMA 200 at $0.0013 indicate a bearish trend in the longer term. 

The pivot point analysis indicates the resistance levels are at $0.0026 and $0.0039, while support levels are located at $0.0011 and $0.0008. These figures suggest that LeverFi may face resistance in the short term if it attempts to move upwards. In the best-case scenario, LeverFi may offer a potential for 400-700% returns.

This optimism is based on the observation that a local downtrend has been broken and a long-term support level has been holding for months. The price being above EMA100 and lower EMAs indicates a strong bullish bias. So, LeverFi could be poised for significant upward movement.

Conclusion

In conclusion, the current landscape of the cryptocurrency market is marked by a blend of regulatory challenges and growing global adoption, setting a dynamic backdrop for various altcoins. Among them, Aptos (APT), Liquity (LQTY), Render Token (RNDR), and LeverFi (LEVER) are showing significant promise. Aptos displays a stable and potentially growing market presence, while Liquity, with its recent bullish breakouts, suggests serious upside potential. Render Token, having reached a significant milestone, is poised for further gains. LeverFi, overcoming a local downtrend, could be on the cusp of a substantial upward movement. Each of these coins, with their unique trajectories and market signals, is worth keeping an eye on.  

 

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