Cody Buffinton,thehostofthepopularcryptoYouTubechannelAltcoinBuzz,hasidentifiedthreealtcoinswithsubstantialrallypotential:Ondo（ONDO）,NearProtocol（NEAR）,andSuiNetwork（SUI）.Thisarticleexploresthereasonsbehindtheirpromisingoutlookandpotentialforsignificantpricerallies.
Points
- Ondo（ONDO）showspotentialforapricesurgedespiterecentdrops.
- NearProtocol（NEAR）gainsattentionduetoincreasednetworkactivities.
- SuiNetwork（SUI）ispoisedforgrowthfollowingastrategicpartnership.
- Technicalindicatorssuggestbuyingopportunitiesforthesealtcoins.
Amid thestrongBitcoinsell-off,thebroadercryptocurrencymarkethasfacedintensesellingpressure,withaltcoinscrashingmoreaggressively.However,somemarketanalystsremainhopefulandbullishaboutafewaltcoins.CodyBuffinton,thehostofthewidelyfollowedcryptoYouTubechannelAltcoinBuzz,hasidentifiedthreealtcoinspoisedforsubstantialrallies:Ondo（ONDO）,NearProtocol（NEAR）,andSuiNetwork（SUI）.
1.OndoFinance（ONDO）
At the top of the list isONDO,the governance token of Flux Finance and OndoDAO.Ondo,aCoinbase-backedsecurities tokenizationplatform,integrates blockchain technology withreal-worldassets（RWA）.Buffinton noted that many investors expected a bullish rally for ONDO after it reached anall-timehigh（ATH）of$1.48on June3.However,ONDO’sprice has since dropped23.12%from itsATH,currently trading at$1.14.
He explained that if the realized cap surpasses the marketcap,it indicates a potential price decrease and viceversa.WithONDO’smarket cap at$1.7billion,Buffinton believes ONDO could be primed for a pricesurge.Currently,ONDO ranks as the53rdlargest cryptocurrency by marketcap.
2.NearProtocol（NEAR）
According toBuffinton,NEARis the second altcoin poised for a significantrally.NEAR is the native token of NearProtocol,aLayer-1blockchain launched in2018that enables developers to create and deploy decentralized applications（dApps）.The expert noted that Near Protocol gained considerable attention in the first half of2024due to increased networkactivities.This is evident in theplatform’stotal value locked（TVL）,which surged from$90million in January to$324.5million thismonth.
NEAR is trading at$5at presstime,with a daily decline of2.7%.The coin has a market cap of$5.47billion,making it the20thlargestcryptocurrency.
3.Sui（SUI）
The third and final asset onCody’slist of altcoins primed for a rally isSUI,the primary token of the prominentLayer-1blockchainSui.Buffinton highlighted a recent strategic partnership with digital asset custody provider Copper as a key driver forSUI’spotentialsurge.
“WithCopper’scustody solution now operational forSui’snativetokens,the platform is poised to attract institutional clients seeking secure and compliantservices,”Codycommented.
At the time ofwriting,SUI is trading at$0.7978,reflecting a daily decrease of3.62%.The coin is ranked as the47thlargestcryptocurrency,with a market cap of$1.93billion.DespiteCody’srecommendation,conducting thorough research on these tokens before making any investment decisions iscrucial.
解説
- OndoFinance:ONDOshowspotentialforapricesurge,backedbyitsintegrationofblockchaintechnologywithreal-worldassetsandasignificantdropfromitsATH,indicatingroomforgrowth.
- NearProtocol:NEARhasgainedattentionduetoincreasednetworkactivities,withanotablesurgeinTVL,positioningitforasignificantrally.
- SuiNetwork:SUI’sstrategicpartnershipwithCopperenhancesitsappealtoinstitutionalclients,suggestingpotentialforsubstantialgrowth.
- InvestmentStrategy:Conductingthoroughresearchandunderstandingthetechnicalindicatorsareessentialbeforeinvestinginthesealtcoinstocapitalizeonpotentialrallies.