Polygon is an Ethereum L2 scaling solution that has experienced phenomenal growth since its launch year. Its native token, MATIC, has shown a massive increase of 2700% to an all-time high of $2.8 from $0.1 within a year. Based on CoinMarketCap rankings, it is now ranked 14th with a market volume of about $755,752,853.
With its recent sluggish movement, analysts and traders are showing concerns due to the increasing speculations about MATIC in the blockchain industry. Despite a promising trend in 2024, MATIC is highly likely to drop at the $0.85 mark. Such trendlines are pushing investors to explore other investment opportunities with massive potential.
The year 2024 is believed to be a promising year for the Crypto market. While coins like MATIC are speculative, many other projects with their solid tokenomics are grabbing the eyes of traders and investors. Low-cap coins like Bittensor (TAO), Flux (FLUX), and Algotech (ALGT) are projected to make huge profits like those of MATIC in 2021.
Bittensor (TAO), powered by Polychain, has continued its massive compatible rally. The machine intelligence and AI-based platform’s native token is up over 160.89% in the last month due to increased AI marketing and scheduled Airdrop.
The circulating supply of TAO has increased by 0.56% during the last week, coinciding with a 3% increase in trading volume. With a high value of 66.18, the Money Flow Index (MFI) suggests buying pressure, indicating a confident investor approach for TAO for 2024.
Judging by the current statistics and past trends, it’s highly probable that the price of Bittenser (TAO) will hit an all-time high in the next few months.
Flux (FLUX) is emerging as a promising investment opportunity. It has shown a massive uptrend of about 58% in the last month and is expected to see a massive uptick in momentum in the rest of the year. This is because it is a noteworthy blockchain initiative that introduced the idea of blockchain-as-a-service (BaaS) to the world.
Flux uses a combination of node advantages, mining rewards, and airdrops to reward GPU miners, node administrators, and stockholders. Node owners can also gain extra coins by way of sponsored partnerships and paid application hosting. This trendline can encourage the crypto community to create and invest in FLUX, bringing its price up to $1.45.
Another standout project is the impressive Algotech (ALGT) platform. Priced at just $0.04 in
its current presale stage, the project has managed to turn heads for its impressive private
seed round. One leading insider has gone so far as to forecast that ALGT could reach highs
of up to $1 by the end of this year. This outlook positions Algotech as a serious competitor to
legacy projects.
Algotech (ALGT) is a significant project whose performance has raised expectations to show similar trends as MATIC in its early years of exponential surge. The project has raised over $1.1 million within two days of the presale round. Analysts believe that Algotech has a promising future and that it can surpass significant breaking coins like MATIC.
The project is also anticipated to feature cutting-edge features, including trading pattern
detection for breakouts, mean reversion, and hedging. Additionally, the tokenomics of the
project are heavily geared towards community rewards and governance rights.
Learn more:
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
