As the crypto bull run gains momentum in 2024, a small group of altcoins shows potential to exceed Bitcoin’s performance. Investors are keen to discover which among the top 50 could offer superior returns. With the market’s eyes fixed on these contenders, identifying them becomes crucial for those aiming to capitalize on the year’s opportunities. This analysis delves into the characteristics that set these four altcoins apart, offering valuable insights for anyone looking to navigate the dynamic crypto market.

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Solana’s price has recently shown positive momentum, currently trading between $136 and $155. With a significant 1 Week Price Change of 11.12% and an even more impressive 6 Months Price Change of 169.91%, SOL is signaling strength. The 1 Month Price Change is also noteworthy at 14.22%. Although facing a resistance level at $166.73, the price moves suggest bullish trends as Solana is in an impulsive phase, backed by a steady Relative Strength Index (RSI) of 48.93 and a gentle Simple Moving Average (SMA) on the 100-day mark at $148.82. The coin’s current dynamic hints at an enduring uptrend with potential to test further resistance levels.

NEAR’s price has been rising fast over six months, up over 320%. In the last month, it soared by 52%, indicating strong buying interest. The coin recently traded between $6.46 and $7.64, now closer to its next resistance at $8.39. If the uptrend continues, we may see it challenge this level soon. However, the price is correcting from a 10-day average of $8.10, hinting at a cool-off. The Relative Strength Index is neutral, suggesting a balance between buyers and sellers. Considering these factors, NEAR’s near-term price movement may be mixed, with a potential to revisit lower support or break towards higher resistance levels depending on market sentiment.

Aptos (APT) is showing a mixed performance with slight downward pressure in the short term. Currently, it moves between $7.92 and $9.18. Over a week, APT’s price dropped by around 3%, and it decreased by nearly 9% over a month. However, in the past six months, APT has climbed over 14%. The coin’s movements are more corrective recently as it hovers between its main support at $7.48 and faces resistance near $10.00. The indicators suggest a neutral to slightly bearish sentiment with an RSI around 47 and a Stochastic below 30. Its Simple Moving Average for the past 10 days stands at $8.41, marginally above the 100-day average, hinting at potential stability or slight bullishness ahead.

In the current market, SOL, NEAR, and APT may offer less short-term growth potential compared to other top 50 cryptocurrencies. However, the standout is CYBRO, a distinctive earn marketplace built on the Blast blockchain. CYBRO is set to launch in the second quarter of 2024, making now an opportune time for forward-looking investors. The presale of CYBRO tokens presents a chance to get in early on this project, potentially reaping benefits as the bull run takes shape.

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Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Only 4 Altcoins in the top 50 Can Outperform Bitcoin This Year appeared first on CaptainAltcoin.

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