Best Altcoin Price Predictions According to Academi Crypto: ZRO, ALT, NEAR, and SUI
2024-10-22Bittime - Altcoin is often in the spotlight, especially projects backed by big visions and well-known investors. According to Academi Crypto, there are several best altcoins with promising potential. Among them are LayerZero (ZRO), AltLayer (ALT), NEAR Protocol (NEAR), and Sui (SUI).
Let's take a look at the potential of each of these altcoins based on in-depth technical and fundamental analysis.
Price Prediction Best Altcoins According to Academi Crypto
Academi Crypto highlights at least four altcoins with predictions based on fundamental and technical analysis. The following is the discussion.
LayerZero (ZRO)
LayerZero (ZRO) is one of the projects that is on the rise and attracting the attention of many investors. With backing from major investors such as a16z, PayPal Ventures, and Seya Capital, LayerZero offers a promising blockchain infrastructure.
Currently, the price of ZRO is in a fairly ideal range for buying, with strong support at the $4 dollar level. Chart analysis shows that ZRO has experienced several retests and is now showing positive momentum after the breakout.
Even though Bitcoin experienced a correction, ZRO was still able to maintain a strong position. From a technical perspective, layerZero shows good potential for further growth, especially with a market cap of around $400 million USD.
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AltLayer (ALT)
Next, we discuss AltLayer (ALT), which also exhibits interesting characteristics in the market. Despite experiencing significant depreciation since March, ALT is now in a consolidation phase which shows a bullish signal.
The price has now risen almost 100% from its low, although it is still 84% below its all-time high. With a market cap of around 23% of tokens in circulation, ALT provides accumulation opportunities for optimistic investors.
In this cycle, projects that have better potential to become top gainers are those that have a strong fundamental base and an active ecosystem.
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) has shown stronger performance than many other altcoins, especially in uncertain market conditions. Weekly analysis shows NEAR experienced a breakout and is now holding at the support level of around $5 dollars.
In the last 30 days, NEAR recorded a 16.9% increase in revenue and a 73% jump in trading volume. With a short-term price target of $6.5, NEAR has a chance to continue rising, given its solid fundamentals and strong community support.
Sui (SUI)
Sui (SUI) is an altcoin that is in high demand, especially by hodlers. After a breakout with decent volume, SUI is now in the $2 dollar range, which used to be a strong resistance level.
Although there is a possibility of a decline to the 1.9 dollar level, the potential for an increase to higher levels is also very large. With a gap at the 1.8 dollar level that traders can take advantage of, SUI offers an attractive opportunity for investors who want to accumulate.
The support and resistance based approach in SUI price analysis also shows that this project has promising long-term potential.
Read also: Latest Solana (SOL) Price Predictions Until 2025
Conclusion
Phe choice of the right altcoin in crypto can be the key to making a profit. LayerZero, AltLayer, NEAR Protocol, and Sui each offer unique characteristics and attractive growth potential.
With large investor support and positive technical analysis, this altcoin is worth considering in your investment portfolio. However, as always, it is important to conduct thorough research and consider the risks involved before making an investment.
Success in crypto investing depends not only on luck, but also on a deep understanding of the market and existing trends.
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