Bitcoin ideally leads the charge for the crypto sphere. However, the ever-expanding landscape has brought many contestants who, despite posing a smaller valuation, have come to the table as one of the best options for traders. BTC’s rally remains unmatched, with the token exchanging hands at more than $70,000. It has grown by 14.67% in the last 7 days and 26.02% in the previous 30 days. Notably, it has achieved a new ATH and is poised to surpass the milestone of $100,000 by the end of this year, 2024.
Amid all that, two altcoins are gaining traction – Cronos and Stellar, represented as CRO and XLM, respectively. Investors are diverting their funds to these altcoins, seeking returns up to 10x.
Cronos (CRO): Potential 10x candidate
Cronos was last seen listed at $0.1478. The value was down by 2.33% in the last 24 hours. However, that marks a growth of 22.93% in the previous 7 days and 48.72% in the last 30 days. Most importantly, altcoin ranks in the top 50 regarding Market Cap. It majorly dominates the presence with a higher trading volume. For reference, the 24-hour volume when drafting this article is up 28.50%.
Speculation states that the interest level among investors is rising constantly, and the token could soon inch closer to $0.15. Thereby paving the way for an ATH of $1. The journey is still a far-fetched dream, but the rise could make it imminent. Cronos price prediction estimates that the milestone is more likely to be achieved by the end of this decade, that is, by 2030. Alternatively, it could surpass the $1 mark in 3-4 years.
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The only downside risk is the drop in value to $0.1, which could open the doors for the bear to fall to $0.080.
Stellar (XLM): Send money in seconds
Stellar is known for hosting a native cryptocurrency that boosts payment-related purposes. XLM dominates the segment with its Market Cap, which is currently down by 0.52%. Nevertheless, the 24-hour trading volume has surged by 0.40%, and the token is exchanging hands at $0.1382, a jump of 17.19% in the last 7 days and 15.91% in the previous 30 days. Reports have noted a rise in XLM’s value to 12% in the last 7 days. It is now safe to assume that there is a scope for exponential growth in the days to come.
The bullish trends are obvious, along with some of the most notable events about to happen. For one, Bitcoin Halving may have a ripple effect across the crypto sphere. Investors’ interest in altcoins like XLM will only double down. Next, Ether ETF will trigger the demand for other crypto ETFs. Hence, serving advantages to every token. XLM’s aim, meanwhile, is to reach $1. Stellar crypto price prediction estimates that the same could happen by the end of this decade.
Weekly and monthly performances have better positioned Stellar’s XLM to make that dream a reality. While the estimated timeline is stretched, it could still happen earlier than anticipated.
Conclusion
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Investors, by diverting a portion of their portfolios to altcoins, are seeking explosive returns. The aim is to bag yields in the long term, and altcoins are emerging as the best alternatives when BTC and ETH have gained significant value and become expensive for some investors. CRO and XLM experiencing a surge in interest level could further affect other altcoins for their benefit. To conclude, bullish sentiments are more than tangible and now only have to be sustained for some time.
