The crypto market is shaky, with Bitcoin (BTC) trading sideways and many cryptocurrencies down significantly. Amid these uncertain times, analyst Altcoin Buzz has put together three mid cap altcoin gems with the potential for significant growth: ETFSwap (ETFS), SUI and Akash (AKT).
SUI: Resilient Mid Cap Altcoin With Long-Term Potential
SUI is first up on analyst Altcoin Buzz’s list of mid cap altcoin gems with potential for significant growth in 2024. SUI presents unique value with a market cap of $2 billion and a market rank of 52. Over the past 12 months, SUI achieved an ROI of 12%, outperforming most other altcoins. However, like many cryptos recently, SUI has faced challenges over the last couple of months, declining almost 60% over the last 90 days and 19% in the last 30 days due to overall market sentiment rather than project-specific issues.
Despite these setbacks, SUI enjoys tremendous community loyalty, with a higher staking percentage than Cardano. The analyst suggests taking advantage of the current dip to accumulate more SUI tokens, given that the token’s fundamentals remain bullish.
ETFSwap (ETFS): Analysts’ Top Pick For Mid Cap Altcoin Gems
According to an analyst, the ETFSwap (ETFS), a relatively new decentralized finance (DeFi) platform, is also a potential mid cap altcoin gem for massive growth in 2024. Its connection to the trillion-dollar ETF market, one of the best-performing financial sectors this year, well positions it for this extraordinary growth in the coming months.
As a DeFi platform, ETFSwap (ETFS) bridges the gap between traditional and decentralized finance, enabling the crypto community to safely invest in various commodities and ETFs using cryptocurrency. It achieves this by leveraging blockchain technology and partnering with MiCa-compliant banks to deal with securities and crypto trading.
The ETFSwap (ETFS) platform takes ETF trading to another level through powerful AI technologies. These AI-powered tools, including the ETF screener and tracker, among others, collect and analyze big data (historical data, patterns, and market sentiment) to provide users with predictive analysis, sentiment analysis, and investment recommendations.
ETFSwap (ETFS) also offers perpetual trading with leverage of up to 50x, swapping of crypto in full DeFi mode, and the ability to hold positions for as long as they want. Unsurprisingly, the platform has drawn over 10,000 users eagerly awaiting the launch of its beta platform in less than 30 days. With its robust features, user-centric approach and outstanding presale performance, it is no wonder the analyst revealed ETFSwap (ETFS) alongside SUI and Akash (AKT) as mid cap altcoin gems to invest in 2024.
Mid Cap Altcoin With Strong Fundamentals For Growth
From mid-2022 until about three months ago in March 2024, Akash (AKT), a mid cap altcoin, was highly regarded in the market. Investors enjoyed substantial gains, with Akash (AKT) soaring from a low of $0.206 in June 2022 to over $6, achieving a remarkable 30x increase. However, since that recent high in March, Akash (AKT) has declined by almost 50%, now trading at $3.17.
Despite this downturn, the mid cap altcoin’s fundamentals remain strong. The demand for powerful NVIDIA chips, such as the H100 and A100, which are Crucial for AI applications and crypto protocols, continues to grow. According to the analyst , this growth is expected to trigger an increased demand for Akash’s GPU, potentially driving up the price of the mid cap altcoin.
Why You Should Buy ETFSwap (ETFS)
Although Sui and Akash (AKT) are mid cap altcoin gems with potential for growth in the long run, they have less potential in the short term. However, ETFSwap (ETFS), an advanced ETF trading platform, offers investors unmatched opportunities to boost their earnings in the short term. Currently, ETFSwap (ETFS) is trading at an affordable price of $0.01831. With analysts projecting the token to reach the $1 mark upon, ETFSwap (ETFS) stands out as the best mid cap altcoin to invest in 2024.
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, Sui (SUI), and Akash (AKT) as presented by an analyst.){kind=link}