The cryptocurrency market showed mixed market signals with the market capitalization increasing by 2.38%. However, trading volumes took a slight hit before recovering, indicating that investors are actively trading following Bitcoin’s halving. Therefore, this market sentiment led to a bullish trend in altcoins as traders bought several altcoins.
However, this presents an opportunity to take advantage of the post-halving dip in altcoin season. Many promising low-priced cryptocurrencies offer investors an affordable entry point into the market. Therefore, InsideBitcoins has compiled a list of the top five coins that fit this description.
1. BE
SEI’s latest announcement introduced its newest feature: the Telegram Mini app. The app allows users to easily predict multiple trade outcomes. Users can exchange views, swap items, and bookmark their favorite predictions. This development has pushed the token’s value into the top of today’s gainers.
SEI has attracted attention amid the current altcoin surge due to its recent price surge. In the past 7 days, it has experienced a staggering 38% increase to $0.6547. The price surge was accompanied by an 80% increase in trading volume, indicating a growing interest among traders.
Furthermore, SEI has quickly climbed to the top 100 token projects by market cap. This subsequently indicates an increase in token adoption. SEI is trading close to its cycle highs and has high liquidity based on its market cap. With increasing community interest and investment in SEI, the token has the potential to reach new heights in the market.
2. WHAT
Kaspa has seen a significant price increase of 5% in recent days. In 7 days, the token has further surged by 14.94%. These gains came after the announcement of an ecosystem update scheduled for next week. The token is designed to deploy, mint and transfer KRC-20 tokens as well as indexer and API integrations. The project’s roadmap is underway with public testing scheduled for next month.
Furthermore, Kaspa’s price is $0.1275 as of this writing, and its trading volume has also risen significantly, increasing by 63.48%. The upward trend in price and trading volume indicates bullish sentiment among investors and traders. On a year-to-date (YTD) basis, Kaspa has shown significant growth, with its price surging by 378%.
This impressive surge has put Kaspa in the lead of 81% among the top 100 crypto assets, surpassing Bitcoin and Ethereum. Currently, Kaspa’s price is significantly above its 200-day simple moving average by 125.83%, indicating strong market momentum.
Kaspa’s predictions lean towards an optimistic future trajectory. According to the Kaspa price prediction, the coin might reach a peak of $0.239 by 2024, with the average price hovering around $0.213.
3.STX
Layer 2 tokens have outperformed Bitcoin since the halving. STX, the main token of BTC’s layer 2 network Stacks, rose nearly 20% to $2.87. Other layer 2 tokens such as Elastos’ ELA token and SatoshiVM’s SAVM also saw gains, up 11% and 5%, respectively.
Stacks (STX) has been a strong performer in the cryptocurrency market since its inception in 2017. Stacks is a blockchain network that enables smart contracts on Bitcoin, focusing on asset security and privacy.
Over the past year, Stacks has shown its strength, increasing in value by more than 200%. However, it has recently fallen by 18% in a month and 11% in a week. Currently, it is trading between $2.75 and $2.47 per week. Analysts predict that the next bull run will push the value of Stacks up again.
After years of research and development, the Stacks blockchain is undergoing a major change. The upgrade is designed to separate the production schedule of Stacks blocks from that of Bitcoin. While the Layer 2 network can handle more transactions than Bitcoin, the initial setup led to congestion issues because Stacks produced blocks at the same rate as Bitcoin.
4. SMEs
Immutable (IMX) has seen massive growth over the past year, climbing over 96%. The cryptocurrency is down about 22% in a month, including a 14% drop in the past seven days. However, at press time, it is up 6.34% in the past 24 hours.
Despite the recent decline, there are positive signs for IMX. Its market cap and trading volume are both rising, hinting that its value may soon rise. Currently, each token is trading between $2.05 and $2.38, with a market cap of nearly $3 billion. Analysts predict that its value will soon soar.
Furthermore, volatility is low, at about 14% in the last month, showing stability. Moreover, liquidity is high, with a volume-to-market cap ratio of 0.0361. This means there is enough trading activity to support further growth.
At the same time, Immutable X and Polygon launched a new fund called the Inevitable Games Fund, with a total of $100 million to discover and cultivate best-in-class game investment opportunities.
The initiative is led by Immutable X founders James and Robbie Ferguson and Polygon co-founder Sandeep Nailwal. It comes as several other gaming funds were unveiled, including a $120 million fund from Starknet, sparking optimism across the Web3 gaming space.
