Deciding which cryptocurrency to invest in can be tough, especially since new ones keep appearing on exchanges all the time. If you’re after fast profits, smaller altcoins might be worth considering.
These alternative cryptocurrencies provide opportunities to take advantage of market fluctuations and boost your earnings. In this article, we’ll take a look at some of these altcoins that have been performing well in the market.
Immutable Price Forecast: IMX Potential to Surpass $3.50
The price of IMX has experienced a significant increase of 28.87% in the past week, rising from $2.32 to $2.99. This surge follows the recent launch of the Immutable zkEVM Mainnet on January 29, fueling optimism among Immutable bulls for further price rallies. Many anticipate that IMX could surpass the $3.50 mark in the coming weeks, considering Immutable’s high market capitalization, making it a favored cryptocurrency choice for traders in 2024.
However, some experts caution that IMX’s heightened volatility may lead to a retreat back to the $2.70 range. Immutable’s partnership with Pixelmon, announced on February 12, adds to the ongoing developments surrounding the token.
DYM Price Forecast: Dymension’s Growth Trajectory
DYM’s price has surged impressively by 40.06% over the past seven days, climbing from $5.73 to $8.03. Positive forecasts for Dymension’s future performance abound, with predictions suggesting that DYM could surpass $11 in the near term. The growing popularity of the Dymension RollApps platform since its inception in January has contributed to the favorable outlook for DYM.
However, skeptics warn that the initial bullish momentum may be short-lived, with the possibility of DYM dropping below $5 within the next two months. Notable partnerships, such as Mintscan’s collaboration with Dymension on February 8, and DYM’s listing on Kraken following the Dymension mainnet launch on February 6, have further bolstered confidence in the token’s potential.
Polkadot (DOT) Implements Supply Reduction Proposal
The Polkadot community has approved the RFC-10 upgrade aimed at decreasing the supply of DOT tokens. With unanimous support from the community, the upgrade will burn revenue generated by Polkadot’s “coretime” sales, potentially bolstering the market value of DOT. This move is expected to ensure a consistent and predictable Treasury income for the Polkadot community, according to RFC-10 author, Jonas Gehrlein.
In response to the proposal’s approval, the price of Polkadot (DOT) has increased by 10% in the past week, reaching $7.73.
Chainlink (LINK) Partners with Telefonica for SIM Fraud Prevention
Chainlink (LINK) has formed a strategic partnership with Spanish telecom giant, Telefonica, to introduce the SIM SWAP API for fraud prevention in banking. This collaboration comes at a time when Chainlink (LINK) has seen a 30% surge in its price over the last month, with LINK currently trading at $20.04.
The integration of Chainlink (LINK) technology is expected to enhance the security of blockchain transactions, solidifying its position in the secure communication arena.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Join Cryptos Headlines Community
Follow Cryptos Headlines on Google News
