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Altcoin Market Outlook: Tenfold Growth Potential by the End of May
While the Bitcoin market is facing bearish pressure and prices continue to hover around the $60,000 mark, some altcoins have quietly emerged and shown strong upward momentum. These tokens are not only expected to resist the overall downward trend of the market, but are also likely to achieve an astonishing tenfold growth by the end of May.
VELO: Reshaping the Future of Financial Transactions
Velo Labs leads the market with its innovative joint credit exchange network, which is based on the Velo protocol and facilitates the issuance of digital credit and barrier-free asset transfers through a smart contract system. It uses the Stellar Consensus Protocol to achieve fast and secure transactions, supporting a wide range of business applications, especially the issuance of collateral-backed digital credits pegged to any fiat currency, thereby improving the transparency and efficiency of value exchange.
Currently, the VELO token has a market value of approximately $186.7 million. Although it ranks 290th in the cryptocurrency market, its recent six-week increase of more than 300% has attracted market attention. From its historical high of $2.07 to the current $0.0251, VELO has shown great potential for growth. If the market continues to be optimistic, VELO is expected to grow more than tenfold in 2024.
LEVER: The perfect combination of trading and liquidity mining
The LeverFi platform seamlessly combines trading with liquidity mining, providing traders with a more efficient investment channel. Users can conduct larger-scale transactions and unify by depositing a variety of collateral including Bitcoin and Ethereum. LeverFi has won market recognition for its simple fee structure (only 1% fee per transaction).
The LEVER token has shown a strong rebound trend in 2024, with an increase of nearly 200%, providing investors with an excellent entry opportunity. Once it breaks through the resistance level of $0.003750, the LEVER token is expected to achieve a significant increase this month. If the Bitcoin or DeFi market continues to prosper, the LEVER token is expected to grow tenfold in May.
HIGH: The new darling of the game-making metaverse
As the cornerstone of the Highstreet metaverse, the HIGH token integrates decentralized business with VR technology to provide players with a unique money-making experience. Highstreet allows players to freely exchange currency between the virtual world and the real world. The items in the game have real value and can be exchanged for real-world products.
HIGH token has a market capitalization of approximately $230.3 million, ranking 258th in the world. Although the current trading price is only $4.57, a discount of 88.65% from its historical high of $40.26, its sharp rise in the past four weeks has exceeded 100%. With the strengthening of market bullish sentiment, HIGH token is expected to achieve a significant rise in May and bring rich returns to investors.