Those looking to capitalize on the current bearish momentum and get the best altcoins while they’re cheap need to look at Avalanche (AVAX), Algorand (ALGO), and Watchvestor (WVTR). After an in-depth analysis, most analysts have concluded that these can provide the most significant ROI for anyone’s portfolio. To see why this is the case, we will analyze all of them individually and go over their on-chart data.
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Avalanche (AVAX) Will Climb to $16.26
First, there’s the Avalanche (AVAX) cryptocurrency, which traded at $10.74 on August 18, 2023. In terms of its historical performance, during the past week, Avalanche’s value ranged between $10.49 and $12.48.
This indicates that the crypto broke past $12 briefly and will likely follow this pattern again in the future. With a market cap of $3,701,694,696 and a 24-hour trading volume of $181,769,075, it’s 20th on the crypto top 100 list.
While in the past week, Avalanche fell by 13.3%, analysts are still bullish on its potential future outlook. The crypto trades 293.76% higher than its all-time high, and according to the Avalanche price prediction, it can surge to $16.26 by the end of the year.
Algorand (ALGO) to Reach $0.13
Alongside Avalanche, another cryptocurrency that gained massive momentum is Algorand (ALGO). When we look at its on-chart data, the Algorand crypto traded at $0.095422. During the past week, it saw its low point at $0.091518, with its highest point at $0.117933.
With this in mind, Algorand needs to break past the $0.1 price point again in order to reach new heights, and analysts believe this can happen. According to the chart, it has a market cap of $747,566,671 and a 24-hour trading volume of $68,129,677.
Based on the Algorand price prediction, it can reach $0.13 by the end of the year. But while Algorand could have a bullish outlook, another cryptocurrency is expected to surge even higher.
Watchvestor (WVTR) To Reach $0.5
However, Avalanche and Algorand were not the only two altcoins to grab investor attention. There’s also Watchvestor (WVTR), a cryptocurrency that has been seeing a lot of activity.
During the early presale period, a single WVTR crypto trades at just $0.03. According to analysts, it can spike to $0.5 at launch. But why is this the case? Watchvestor is an innovative project that’s being developed to tackle the luxury watches investment space.
Luxury watches have become a major part of anyone’s investment portfolio, as they have significantly appreciated in value throughout the years. But getting into this asset class can be expensive, and tracking down the right watches can be difficult.
In addition, there are a lot of counterfeits in the market. This is where Watchvestor can help, as the platform will only list authentic watches, where all of the serial codes and certificates will be attached to the metadata of NFTs. Each watch is minted as an NFT, and afterwards, it gets fractionalized.
As a result, instead of buying a watch for $100,000, any investor can just buy one starting at $10. With a complete level of transparency and verifiable watches, anyone can get into collecting with peace of mind. By tackling this unexplored market in the crypto space, WVTR can become a major altcoin and can surge in value even beyond 2023.
Find out more about the Watchvestor (WVTR) Presale Today
Website: https://watchvestor.com/
Telegram Community: https://t.me/WatchvestorOfficial