As we head into 2024, several of the top 20 cryptocurrencies by market cap are still trading below $1. Among them, some tokens are worth considering based on their future growth potential and competitive position. These tokens include Polygon, XRP, and Cardano. In addition, these tokens are highlighted below the credits.
1.BEAM：
The recent partnership between Beam, Immutable, and Polygon Labs marks a significant shift in the trajectory of blockchain technology development in the gaming industry. Beam’s strategy towards a chain-agnostic approach marks an evolution. It is a step from an initial focus on Avalanche subnets to a broader multi-chain strategy that now encompasses Immutable zkEVM.
The collaboration makes Beam’s marketplace, Sphere, a key component in both the Immutable and Polygon ecosystems. Sphere’s integration is intended to serve as a starting point to foster deeper collaboration between these ecosystems.
Furthermore, this partnership aims to jointly advance the gaming industry by leveraging blockchain technology. The parties involved seek to revolutionize the gaming experience by establishing a collaborative framework. Furthermore, it also aims to solidify blockchain’s foundational role in the next phase of game development.
2.be
Sei has seen significant market volatility this week. The coin’s value surged from $0.23 to $0.39 in a week. This marks a 69% weekly increase. Despite the local top at $0.4, technical indicators show a bull flag forming on the daily and four-hour charts. Therefore, it could have a positive impact on its value, which could reach single digits if it breaks the $0.4 price barrier.
Furthermore, Sei has a circulating supply of 2.3 billion tokens and a maximum supply of 10 billion. Despite a recent 3% drop from its all-time high of $0.41, Sei is still up a massive 320% from its all-time low of $0.095.
Notably, over the weekend, Sei’s network witnessed a milestone, surpassing 1 billion transactions. Over the past week, the project has expanded its reach by announcing important integrations. Additionally, it has partnered with entities such as Kryptonite, KudasaiJP, Gecko Terminal, and Network3.
3.sand
Since mid-October this year, the price trajectory of Sandbox has changed. In the past two months, its value has surged 114%, from $0.27 to $0.58. Currently, it is forming an ascending channel, which has the potential to reach $1 by the end of February next year.
With its current position within the channel, there is a possibility of further gains. In addition, The Sandbox has a market cap of $1.23 billion and is currently ranked 64th. The circulating supply is 2.12 billion and the maximum supply is 3 billion.
However, it is worth noting that The Sandbox’s value has fluctuated. Two years ago, it hit an all-time high of $8.4 before plummeting 93%. Despite the decline, it has shown an impressive recovery and is currently up 1,907% from its lowest recorded value of $0.0289.
4. where
Decentraland’s price has surged 71% over the past year, surpassing its initial token sale value. MANA is trading above its 200-day simple moving average, showing market consistency. Additionally, the token has performed well in 19 of the past 30 days, indicating a performance ratio of 63%.
The price of MANA is $0.560724, up 7.48% intraday. Therefore, this leads to a generally bullish prediction for the price of Decentraland. The Fear and Greed Index is 73 (Greedy).
Decentraland demonstrates strong liquidity, with a market cap and trading volume of $1.06B and $378.95M respectively. Regarding supply metrics, there are currently 1.89B MANA in circulation, with a maximum supply of 2.19B MANA. The annual supply inflation rate is 2.05%, with 38.01 million MANA generated last year.
5：FLOW
Flow is an NFT token that has experienced significant price movement since the last cycle low, reaching a peak of $1.011050. Market sentiment is tilted towards bullish, as evidenced by a Fear & Greed Index Greed Rating of 73. FLOW tokens have a maximum supply of 1.37 billion and a circulating supply of 1.48 billion, with the platform facing an inflation rate of 42.65%.
In terms of market performance, Flow occupies a leading position in the NFT token sector and ranks 30th in the Layer 1 sector. It is worth noting that the price of the token has increased by 34% over the past year and has always been above the 200-day simple moving average. In addition, it has maintained a positive trajectory compared to the initial token sale price.
Analyzing recent trading patterns, Flow has seen 18 green days in the past 30 days. This accounts for 60% of the period, indicating positive sentiment. Moreover, it is currently hovering near cycle highs, indicating strong trading conditions. Notably, its liquidity remains strong, reflecting its market capitalization ranking.
