Top 5 Underrated Cryptos with a 100x Potential in 2024

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As of November 2023, the cryptocurrency market is experiencing a notable rebound, driven by anticipation for the upcoming Federal Open Market Committee (FOMC) minutes. This resurgence has sparked renewed investor enthusiasm, with Bitcoin leading the charge. The market’s bullish run is primarily fueled by optimism and speculation over the approval of the first Bitcoin Spot ETF. Amidst this backdrop, individual cryptocurrencies like Bitcoin, Ethereum, XRP, Solana and Cardano have noted gains, with the global crypto market cap soaring to $1.42 trillion. 

In this vibrant market scenario, emerging cryptocurrencies such as Aptos (APT), Liquity (LQTY), Render (RNDR), LeverFi (LEVER) and ScapesMania are carving their niches, each offering unique value propositions and facing distinct challenges. 

ScapesMania: The Rising Star in the Crypto Universe

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.

Presale is Live Now – Join Now for a Chance to Benefit with MANIA

Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. 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.

Presale is Live, Learn More About Major Benefits

Aptos (APT): The Layer-1 Contender

Upon releasing approximately 10% of its total supply – equating to 24.84 million tokens – Aptos (APT) has undergone a significant transformation. With key groups within its ecosystem being the recipients, this action notably amplifies Aptos (APT) circulating volume and thus profoundly influences its market dynamics.

Aptos (APT) market is currently characterized by a price range of $5.35 to $8.1. The 10-day moving average stands at $7.22, and the 100-day moving average is at $5.93, indicating short-term stability with a slight upward trend over time. Support levels are at $0.9 and $3.65, showing market confidence, while resistance levels at $9.15 and $11.9 could pose challenges to its growth.

Aptos (APT) navigates a future that presents an amalgamation of growth opportunities and hurdles; the recent token release, while potentially enhancing market liquidity and drawing in investors, also introduces the peril of price volatility. Major industry players substantiating their support inject credibility into the situation, which could fuel potential expansions. Concerns about market manipulation may arise due to the high concentration of Aptos (APT) among top holders.

Render (RNDR): The Digital Artist’s Blockchain

Recently, the prominent AI cryptocurrency Render (RNDR) achieved significant milestones in its development: it successfully migrated to the Solana blockchain and launched an extensive incentive program for node operators. This strategic move anticipates a fresh influx of enthusiasts – both from AI and crypto sectors – into the Render (RNDR) community.

Render (RNDR) current price range is between $1.71 and $2.86. The token’s market dynamics are characterized by a 10-day moving average of $3.11 and a 100-day average of $1.9.The resistance levels are set at $3.34 and $4.48.

Render’s pivotal developments – the introduction of an incentive program and a migration to Solana – hold great potential for enhancing network performance and scalability. This could trigger elevated adoption as well as demand for Render (RNDR) tokens. Coupled with these strategic advancements, current market indicators hint at a promising trajectory in Render (RNDR) in the near future.

Liquity (LQTY): Simplifying Decentralized Borrowing

As the native token of a decentralized borrowing protocol, Liquity (LQTY) has a capped supply of 100 million tokens. The Liquity (LQTY) protocol operates uniquely, allowing users to deposit Ethereum as collateral to take out loans in LUSD, its tied stablecoin. Borrowers are required to maintain a minimum collateral ratio of 110%, with the distinctive feature of a one-time fee instead of a variable interest rate. 

Liquity (LQTY) current price range is between $0.928 and $2.343. The token’s market behavior is reflected in its 10-day moving average of $1.418 and a 100-day average of $1.175. While specific support levels are not detailed, the resistance levels are identified at $3.042 and $4.457.

The unique loan structure of Liquity (LQTY), coupled with its innovative approach to decentralized borrowing, situates the company for prospective growth in the DeFi sector. Its token’s market performance – marked by moving averages and resistance levels – signals escalating interest and a potential upswing in valuation.

LeverFi (LEVER): Transforming Financial Trading on the Blockchain

LeverFi (LEVER) – a decentralized leverage platform constructed on the Ethereum blockchain – heralds a noteworthy transformation in financial trading within the blockchain domain. By rebranding and launching itself anew in 2022, LeverFi (LEVER) empowers its users to escalate their trading capacity with borrowed funds. 

Experiencing remarkable shifts in the crypto market, the LeverFi (LEVER) token plummeted to an all-time low in August; however, it impressively recovered by over 230%, a significant price rise of more than 85% occurred solely during September. At present, LeverFi (LEVER) maintains a trading range between $0.00062 and $0.00264 with its 10-day moving average at $0.00133 and its 100-day average slightly higher, resting at $0.00146.

LeverFi (LEVER) token recently recovered, and DWF Labs made a multi-million dollar investment in it, the development that has captured significant investor attention. This surge of capital – alongside the burgeoning interest in decentralized leverage trading – hints at an optimistic future for LeverFi (LEVER); its innovative platform that melds traditional financial trading with blockchain technology paves way for prospective growth within the DeFi arena.

Conclusion

Emerging players such as Aptos (APT), Liquity (LQTY), Render (RNDR), LeverFi (LEVER) and ScapesMania gain prominence in the evolving cryptocurrency market of November 2023. With its innovative approach and robust presale performance, ScapesMania demonstrates promise. Increased liquidity and industry support are challenges that Aptos(APT) is currently navigating. Positioning itself in the digital art space with strategic moves such as migrating to Solana is Render (RNDR); meanwhile, Liquity (LQTY), offering a unique decentralized borrowing protocol, signifies stability and innovation, LeverFi (LEVER) is demonstrating resilience and growth potential through its advancements in decentralized financial trading.

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.