5 Under-the-Radar Cryptos Set to Soar in 2024

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11 Min Read

As we near the end of the year, the crypto market is showing a mix of ups and downs. Bitcoin (BTC), the big player in the game, seems to be taking a breather, staying around the $43,000 level. This quiet spell for BTC stands out against the buzz in the altcoin world – during the holiday season, especially around Christmas, we’ve seen some tokens really take off.

Altcoins are soaring, not just from holiday hype; savvy investors are diversifying their bets, signaling a shift to a broader investment horizon beyond Bitcoin’s familiar territory. Bitcoin’s once commanding presence has slipped a bit, now hovering just over 50%, showing that investors are looking for fresh opportunities beyond the usual BTC route.

So keep your eyes on Aptos (APT), Osmosis (OSMO), Maverick Protocol (MAV), Sei (SEI), and Sui (SUI), along with ScapesMania – these under-the-radar picks are gearing up for an exciting 2024 and they could be the new hot choices for those looking to diversify their crypto adventures.

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While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project’s appeal.

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Backed by an award-winning developer crew, ScapesMania stands for transparency. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.

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Aptos (APT): Navigating the Inscription Wave

Aptos (APT) is witnessing a significant increase in transactions and user engagement, especially following the recent introduction of inscriptions on its network. The new feature, akin to an influx of activity indicated by an increase in scribbled notes, is poised to boost transaction volumes and potentially impact network fees as observed on similar platforms. The Aptos (APT) network already boasts over 5.5 million inscriptions and a community of more than 32,000 stakeholders, which indicates a robust utilization.

Regarding its market performance, the price of Aptos (APT) has varied between $7.81 and $10.47. The 10-day Moving Average stands at $9.96, while the 100-day Moving Average is at $8.85. Key support levels are identified at $3.65 and $6.31, with resistance levels observed at $11.64 and $14.3. Currently, the Relative Strength Index (RSI) is above 60, signaling a strong bullish trend in the market.

Looking ahead, the future of Aptos (APT) appears bright considering the growing popularity of inscriptions and an expanding user base. However, sustaining this momentum requires innovative ideas and strategies – they should address the challenges of handling increased transactions efficiently, while maintaining low fees and high network speed. Balancing these factors is crucial for Aptos’s (APT) continued growth and market position: while altcoin is on the verge of solidifying its market presence, any missteps in managing its expansion could deter potential users and investors.

Osmosis (OSMO): December’s Stellar Performer

Osmosis (OSMO) has experienced a remarkable surge in its price and trading activity, boasting a striking 272% increase in December alone. Сoupled with its efficient swap features, token’s close association with the Cosmos network is the key factor driving bullish sentiment among traders. Additionally, heightened social volume and a positively weighted sentiment highlight a robust and actively involved community support.

Currently, Osmosis (OSMO) is being traded within a range of $1.30 to $1.69. It has the 10-day Moving Average at $1.67 and the 100-day Moving Average at $1.44. Notably, the support levels are found at $0.67 and $1.06, whereas resistance levels are positioned at $1.84 and $2.22.

The prospects for Osmosis (OSMO) seem promising, provided it sustains its current trajectory and community engagement – its novel approach to decentralized exchanges, along with the integration into the broader Cosmos ecosystem, lays a robust groundwork for potential growth. Nonetheless, Osmosis (OSMO) has to navigate the challenges posed by market volatility and the competitive landscape of DeFi platforms. To keep winning users’ trust and stay on top, Osmosis (OSMO) must nail its security game, deliver smooth performance round the clock, and be a rock people can lean on.

Maverick Protocol (MAV): Embracing the zkSync Era

Maverick Protocol (MAV) has recently garnered attention due to its successful integration with the zkSync Era Network, demonstrating a strong commitment to scalability and efficiency – this development, significantly bolstered by support from Binance (BNB), paves the way for Maverick Protocol’s (MAV) wider adoption and enhanced market relevance.

Currently, Maverick Protocol’s (MAV) price fluctuates between $0.313 and $0.429. It maintains a 10-day Moving Average at $0.399 and the 100-day Moving Average at $0.369. The protocol faces support levels at $0.148 and $0.263, while encountering resistance at $0.494 and $0.61 – this price behavior indicates a market characterized by a certain degree of volatility.

Maverick Protocol’s (MAV) partnership with zkSync Era, boosted by Binance’s support, marks a step forward; yet to truly stand out in the bustling DeFi scene, altcoin has to build a strong community and show it can thrive over time. For Maverick Protocol (MAV) to stand out in the bustling world of DeFi, it’s essential that they not only nail down their security and performance but also really pull in both developers and users.

Sei (SEI): Reaching New Heights

Sei (SEI) has been exhibiting a bullish trend recently, consistently reaching new all-time highs and attracting positive attention from traders and analysts alike. Coupled with a breakout above previous highs, its rapid price increase since mid-December indicates strong market interest and hints at potential for further growth.

Currently, Sei (SEI) is hovering within a range of $0.429 to $0.49. Its 10-day Moving Average stands at $0.448, while the 100-day Moving Average is slightly higher at $0.461. The support levels are set at $0.343 and $0.403, and the resistance levels are noted at $0.524 and $0.584.

Sei’s (SEI) recent performance is promising, especially if it successfully overcomes the key resistance levels. However, given the highly competitive nature of the market, any sign of weakening or diminishing community interest could lead to significant declines. Sei’s (SEI) future shines bright, but it still depends on their knack for riding the wave of change and keeping that strong drive going in a fast-paced industry.

Sui (SUI): Gearing Up for DeFi Expansion

Sui (SUI) is swiftly gaining traction in the decentralized finance (DeFi) sector, marked by a notable rise in its Total Value Locked (TVL) and the highly anticipated introduction of Solend on its blockchain. Sui’s (SUI) recent uptick in value, backed by top tech firms, shows there’s real faith in its power to shake up the DeFi scene.

Currently, Sui’s (SUI) trading range is between $0.598 and $0.795. It has the 10-day Moving Average at $0.821 and the 100-day Moving Average at $0.7. The support levels are at $0.287 and $0.483, while resistance levels are sitting at $0.875 and $1.071.

Sui’s (SUI) future appears bright considering its growing TVL and strategic alliances. However, as Sui (SUI) gains popularity, it faces the challenge of scaling effectively while enhancing security and operational speed to fulfill the increasing expectations of its users. The key challenge for Sui (SUI) lies in distinguishing itself amidst a crowded field of competitors, maintaining exceptional performance and ensuring robust security – these factors are crucial not only for retaining existing users, but also for attracting new ones.

Conclusion

As the crypto market evolves, investors are shifting their focus from the dominant Bitcoin (BTC) to promising altcoins like Aptos (APT), Osmosis (OSMO), Maverick Protocol (MAV), Sei (SEI),  and Sui (SUI). From APT’s fresh inscriptions to OSMO’s leading the charge in decentralized trades, each coin is carving out a unique spot in an increasingly diverse crypto scene: MAV shows promise with its integration on the zkSync Era Network; Sei (SEI) is experiencing a bullish trend with new all-time highs; and finally, Sui (SUI) is making strides in the DeFi space.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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