The crypto market is currently experiencing a period of consolidation, with many experts predicting a bull market in the coming weeks and months. In light of this, three altcoins that have the potential to see significant growth are Metacade (MCADE), Ovr (OVR), and UBXS (UBXS).
OVR and UBXS have seen positive price movements in the past 24 hours, with UBXS showing an impressive 42% increase in the past week. OVR, on the other hand, has seen an 8% rise over the same period. These coins could benefit from the resurgence of play-to-earn (P2E) and tokenization narratives, which are expected to be major trends in 2024.
Crypto analyst Michael van de Poppe predicts that UBXS could see a move to the $0.09-$0.13 range, citing the growth of real-world asset tokenization as a key factor. OVR, the token of the augmented reality (AR) metaverse Over the Reality, could also see a rise in value as P2E, Web3, and metaverse gain more traction. Its current price of $0.34 could see a bounce back towards its previous high of $3.33, with potential targets above $1.
Metacade (MCADE) has struggled to gain momentum since its peak in November 2021, but its recent launch of mainnet and partnerships with leading providers could drive adoption and increase its value. As P2E gains more traction in 2024, MCADE could see a significant increase, potentially reaching above $0.1 in the short term and aiming for $1 in the long term.
In terms of categories, altcoins like Metacade, Ovr, and UBXS are expected to see significant growth as P2E and RWAs (real-world assets) dominate the market in 2024. As for tags, these coins are likely to benefit from the rise of play-to-earn, tokenization, and the metaverse.
To conclude, the altcoin market is expected to accelerate in the upcoming period, with altcoins like Metacade, Ovr, and UBXS poised for significant growth. The approval of a first spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) could be a potential catalyst for this growth. Share this article to spread the word about these promising altcoins.
