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Cryptocurrency analyst Chump Chang took to his latest analyst and listed altcoins that have experienced significant declines from their all-time highs but present attractive buying opportunities.
Here is the list of altcoins for 10x gains in 2024:
Cardano: Cardano, currently trading at 45 cents, has witnessed an 85.4% decline from its peak in September 2021. The analyst sees potential for Cardano to achieve significant gains, citing its strong fundamentals and the leadership of Charles Hoskinson, a co-founder of Ethereum.
Polkadot: With an 88.2% drop from its all-time high, Polkadot is trading at $6.52. He views Polkadot as a promising project focused on connecting different blockchains, potentially leading to substantial growth during the upcoming bull run.
Ethereum Classic: Its price has declined 84% from its peak in May 2021 and is currently at $25.55. He highlighted its attractiveness as a mineable cryptocurrency and speculated on the impact of the Ethereum ETF on its price.
Litecoin: Litecoin, trading at $78 and down 81% from its peak, offers a reliable payment system with widespread acceptance. The analyst discussed its low transaction fees and fast transaction speeds, positioning it as a sound investment choice.
Sandbox: Sandbox, down 95% from its all-time high, is currently priced at 42 cents. As a gaming-focused cryptocurrency, he sees potential for significant gains, particularly amidst the growing interest in the metaverse and gaming industry.
Solana: With a 49.6% drop from its peak, Solana is trading at $131. He praised Solana’s ecosystem and anticipated substantial growth despite potential challenges.
Dogecoin: Dogecoin, down 79.4% from its peak, is currently priced at 15 cents. He highlighted its meme status and widespread popularity, suggesting it could see significant appreciation.
Kaspa: Kaspa, trading at 18 cents and down 41.2% from its peak, has caught his attention due to its fast transaction speeds and finite supply, making it a potential long-term investment.