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5 Low Cap Altcoins To Go Flying In July

23d ago




Altcoins To Go Flying

The cryptocurrency market is abuzz as Bitcoin stands at around $65,000. This rally is setting the stage for significant growth among smaller-cap assets. Highlighted for their potential are these altcoins: Gala (GALA), Pendle Finance (PENDLE), Axie Infinity (AXS), Ordi token (ORDI), and Gnosis (GNO). The cryptocurrencies leverage the current bullish trend, boasting innovative solutions and strong community support.

1. Altcoins To Go Flying – Gala (GALA)

Gala (GALA), the primary cryptocurrency of Gala Games, facilitates the purchase of NFT items and compensates the network’s founding node operators. By underpinning transaction fees within its ecosystem, GALA sustains its blockchain operations. Each day, a distribution mechanism allocates GALA, half directed to node operators and the remainder to Gala Games conservatorship.

5 Low Cap Cryptocurrencies To Go ‘Flying’ As Bitcoin’s Rally Beckons
Gala Price Chart

Over the past year, GALA’s value has risen by more than 20%, although it experienced a temporary dip of 20% in the past week. This trend highlights GALA as an appealing small-cap altcoin, notably as the market anticipates Bitcoin’s rally.

Recently, GALA price reached $0.02786, a 5% increase over 24 hours. Its CoinMarketCap ranking has climbed to 77, reflecting a market cap of $887 million. With a bullish trend, the trading activity around GALA is vibrant, attracting a growing number of investors and boosting its market presence.

2. Pendle Finance (PENDLE)

Pendle Finance (PENDLE) has unveiled a pioneering platform that transforms how future yields are managed by allowing tokenization and trading through a specialized Automated Market Maker designed for assets with diminishing value. This innovative strategy gives users enhanced control and additional opportunities to maximize future yields.

This initiative is central to channeling yield from Real-World Asset (RWA) protocols on the blockchain. Pendle Finance introduces financial products like the Reward Asset Financial Product, enhancing its framework to support liquidity providers earning across various blockchain ecosystems. This effectively makes it a key player in representing the RWA sector.

PENDLE has shown significant growth in recent developments, increasing by over 12% in the last week and more than 20% in the past month. The cryptocurrency demonstrates upward solid momentum with a current price of $5.27, up 16% in just 24 hours. 

This rise underscores its potential as a prime candidate for restaking, pointing to a promising outlook for low-cap cryptocurrencies as the market anticipates a broader rally led by Bitcoin.

3. Axie Infinity (AXS)

Axie Infinity (AXS), inspired by popular series like Pokémon and Tamagotchi, is a blockchain game where players collect, breed, raise, and battle creatures called Axies. The price of Axie Infinity currently stands at $5.93, reflecting a 3% increase over the past day. Ranked 79th on CoinMarketCap, the game has a market cap of $886 million. 

Over the past year, AXS has grown 21%. This surge suggests a promising future, especially as forecasts indicate a significant rally in sync with Bitcoin’s gains.

4. Altcoins To Go Flying – Ordi token (ORDI)

The Ordi token (ORDI) has been making waves in the crypto community by leveraging the Ordinals protocol to embed data directly into Bitcoin’s smallest unit, the satoshi. This innovative approach utilizes the vast 2,100 trillion satoshis available, allowing significant data storage directly on the Bitcoin blockchain without additional tokens or structural changes. 

Over the past year, ORDI value soared by 533%, trading at $37.67. Recently, it experienced a 3% increase in just 24 hours, boosting its market cap to $791 million, as reported by CoinMarketCap. This surge underscores the escalating interest and trust in Ordi, positioning it as a critical player in the burgeoning market of Low-Cap Cryptocurrencies.

5. Gnosis (GNO)

Gnosis (GNO) is an innovative decentralized autonomous organization (DAO) that focuses on developing essential infrastructure within the Ethereum ecosystem. It supports decentralized applications (dApps) by offering transparent tools for ecosystem governance and development decisions.

5 Low Cap Cryptocurrencies To Go ‘Flying’ As Bitcoin’s Rally Beckons
Gnosis Price Chart

 Today, Gnosis’s price stands at $322, marking a significant 6.65% increase in the last 24 hours. The cryptocurrency currently ranks 83rd on CoinMarketCap, boasting a market capitalization of $835 million. Over the past month, GNO’s value has soared by over 200%, complemented by an 8% rise this week alone. This uptrend indicates that lesser-known cryptocurrencies might soon experience substantial gains, as Bitcoin’s recent rally suggested.

Bottom Line

As Bitcoin mounts a notable rally, altcoins like Gala, Pendle, Axie, Ordi, and Gnosis are well-positioned to capitalize. Their innovative approaches and active community support could lead to substantial growth in the near term.

The post 5 Low Cap Altcoins To Go Flying In July appeared first on CoinGape.

23d ago




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