The cryptocurrency market continues to provide investment opportunities despite the high unit prices of leading currencies like Bitcoin. Investors can find significant potential in altcoins priced under $10. NEAR Protocol (NEAR) has recently gained attention with double-digit weekly gains, and on-chain metrics suggest these gains could be sustainable. Active daily wallet addresses on the NEAR network surged by 975%, and total daily transactions increased by 170% since December 3, indicating a rising FOMO that could further boost NEAR’s value.
Market observers anticipate NEAR’s price could reach $4 by year-end, with social media buzz and increased buying pressure supporting this outlook. Meanwhile, Internet Computer (ICP) has emerged as a notable player in the crypto space, with its price showing approximately 100% gains on a monthly scale. Strategic partnerships could have contributed to ICP’s rise, and the introduction of the first European subnet compliant with GDPR by the Internet Computer Foundation suggests a promising future for the protocol.
Speculation about ICP’s next move is high, with analysts predicting a rise towards a resistance level of $17.5. Optimism (OP) is another trending altcoin, aligning with the general market trend and reaching critical milestones in on-chain metrics. The number of wallet addresses on the Optimism network has seen a significant increase, with a 391% rise in addresses holding a balance greater than zero since January.
Considering Optimism’s primary purpose as a transaction fee processor, the network is distinguished by its speed, stability, and scalability. It is a Layer 2 solution developed specifically for the Ethereum community by Ethereum developers. The positive outlook for Optimism is further enhanced by a collaboration with Lisk (LSK), which aims to transition from Layer 1 to an Ethereum Layer 2 solution, potentially bringing LSK tokens to the Ethereum platform.
This partnership underscores the optimistic view of Optimism’s future growth potential, making it an altcoin worth considering for investors. Lisk’s collaboration with Optimism will facilitate the transfer of LSK tokens to the Ethereum platform, leveraging Lisk’s Blockchain application platform that simplifies the creation of Blockchain applications through its SDK.
Overall, NEAR, ICP, and OP present themselves as altcoins with significant growth potential, offering investors promising opportunities in the dynamic landscape of the cryptocurrency market.
