Top 6 Altcoins for Investment Opportunities on May 24th: Synthetix, Litecoin, Near Protocol, Polygon

Introduction

While Bitcoin awaits a breakout, the action has shifted to Ethereum after the ETF approval in the United States. The approval has boosted sentiment in the crypto market. This sentiment has catapulted select altcoins higher.

Consequently, as investors anticipate a bullish trend, there’s a keen interest in identifying the currencies that could yield substantial profits. This article analyzes various cryptocurrencies set for potentially robust performance. It also provides valuable insights for those seeking to make the most of the impending upswing.

1. Synthetix (SNX)

Synthetix eliminates entry barriers into the crypto market. It simplifies processes like wallet setups, asset bridging, and managing gas fees. It features cross-chain capabilities and emphasizes user-friendly security measures such as passkey authentication and social sign-ins.

• Synthetix was trading at $2.96, with a seven-day increase of 10%.
• The coin shows signs of crossing above the 9-day and 21-day moving averages.
• If buyers push the price above these moving averages, the token might reach resistance levels of $4.00, $4.15, and $4.30.

2. XRP (XRP)

XRP oscillates between $0.5107 and $0.5446 over the past 24 hours. The token also displays a potential for a further increase on its daily chart. Furthermore, XRP exhibits high liquidity relative to its market cap, strengthening its active trading environment.

• XRP is priced around $0.5213 per token, with a seven-day increase of around 2%.
• XRP has seen a trading volume surging by an impressive 130.02% within the past 24 hours, primarily fueled by intense derivatives activity.

3. Polygon (MATIC)

Polygon offers a practical and effective platform for blockchain gaming technology. This unique offering and positioning have contributed to its rising popularity. Integration with major platforms like Google and Apple suggests significantly increasing Polygon usage.

• MATIC’s price was $0.714 at the time of writing, having increased by 2% in the last seven days.
• MATIC is still over 17,786% above its launch value.

4. Mega Dice (DICE)

Mega Dice, an established casino aims to transform GameFi. This token rewards current users and attracts new ones, playing a crucial role in Mega Dice’s gamification plan. Remarkably, Mega Dice plans to become the pioneer in crypto casinos, offering daily rewards based on platform performance.

• At present, each $DICE token is priced at $0.075.
• Mega Dice has sold 19,005,462 worth of $DICE to date.

5. Litecoin (LTC)

Litecoin has witnessed massive trading activity recently. In the past month, major investors have shown significant interest in the token, accumulating over 2.75 million LTC. This suggests that the whale plans to hold onto the LTC asset, signalling strong positivity and increasing confidence in Litecoin’s’ future.

• LTC trades at $84.74, reflecting a 1% decline in the past 24 hours.
• The sentiment regarding Litecoin’s price prediction is bullish, with a Fear & Greed Index score of 76, showing ‘Extreme Greed.’

6. Near Protocol (NEAR)

NEAR Protocol is a leading consumer blockchain for mainstream applications, facilitating millions of transactions daily. Its roadmap emphasizes democratizing AI ownership. Its vision is set on continuous efforts to expand usability and scalability, including sharding implementation.

• NEAR shows resilience despite market downturns, it is up 10% over the last month and 370% YTD.
• The current trading price is $7.69, accompanied by high liquidity and market activity.