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Eyes on 3 Crypto Coins As Bitcoin Trades At Optimal Dip-Buying Levels 

 

By Market Steam Dec 21, 2024

 

 

Earlier, reports by prominent crypto media highlighted expert analysis of recent market bloodbath, revealing Bitcoin's retest of historical levels. 

 

Spotlighting sentiments from popular trader and analyst, Rekt Capital, Cointelegraph’s report reads:

 

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Rekt Capital, who had earlier warned that Bitcoin often sees bull market corrections around six to eight weeks after breaking prior all-time highs, noted that the current dip “almost matches” a similar event from 2021.

 

By suggesting that Bitcoin's recent price swing wiping out over $1.4 billion in broader market liquidations tested historical patterns, Rekt Capital insinuates an imminent rebound, potentially claiming new highs. 

 

As an event considered by many pro traders to be a shakedown before a much highly anticipated parabolic uptrend, careful eyes rest on key altcoins with upside potentials backed by historical performance and evolving product/project performance.

 

MOVE | Movement Network

 

MOVE is the native asset of the Movement Network, an ecosystem of modular move-based blockchains. 

 

Move is a fairly new project that has quickly attracted high trade volumes to the account of over $2.22 billion in spot markets and $1.1 billion in perpetual contracts, according to data from Coinglass.

 

MOVE currently trades at a few cents shy of $1 on major crypto exchanges including Binance. Trade levels are lows of recent market pullbacks having previously reached a high of $1.448 on December 10, according to market data from CoinMarketCap. 

 

MOVE 24hrs chart, source: coinmarketcap

 

At the time of writing , Move is up 17.58% with highly bullish sentiments. 

 

Pro investors appear optimistic of Move being a top performer in current markets as varying social posts on X suggests a rally back above $1. 

 

With $41.40M in funding so far, according to Cryptorank fundraising data, Move is backed by top VCs and investors including Binance, Polychain Capital, Hack VC and OKX Ventures. 

 

“Move” is a programming language powering the Movement Network, a layer 2 network bringing fresh scalability and flexibility to building smart chains with EVM-compatible smart contracts. 

 

BAT | Basic Attention Token

 

Amongst BAT token holders and investors, there is a common sentiment which reads that: BAT is incredibly undervalued.

 

Held by over 436.4k addresses at the time of writing , Basic attention token, or BAT is primarily a payment currency for a blockchain-based advertising platform pioneered by Brave Software Inc to improve advertising with privacy preserving tech, as well as ad-fraud solutions. 

 

BAT 24hrs chart, source: coinmarketcap

 

BAT currently trades at $0.2226 a unit, up 8.46% in the last 24hrs as seen in the above chart. BAT has a max supply of 1.50 billion, with all coins currently in circulation, bringing its fully diluted valuation and marketcap to uniform $333.9 Million at the time of writing. 

 

BAT’s previous all-time high(ATH) of November 28, 2021 is $1.920, serving as a realistic price target for fresh rallies amongst BAT investors. 

 

ANKR | Leading Performance Solution

 

Handling a reported 8 billion RPC requests daily from several integrated web3 projects, Ankr is a decentralized physical infrastructure network (DePIN) enabling web3 projects to build and operate robust products and services with high performance.

 

ANKR, the native asset of the network, plays a crucial role in ensuring the integrity of the blockchain. The ANKR token serves as a payment and reward token for network users and node providers. 

 

ANKR 24hrs chart, source: coinmarketcap

 

At the time of writing, ANKR is trading at $0.03727, achieving a $327.27 Million marketcap with a 10 billion max supply.

 

Being a top service provider, enabling web3 projects built above common pain points, ANKR is considered vastly undervalued by market participants. Ankr holds prominent industry partnerships with varying positive service feedback from leading brands including Binance, Polygon and Mantle. 

 

In recent collaboration, Corn, a network for BTCFi, leverages Ankr’s web3 API to enable developers to build high performance Bitcoin Finance(BTCFi) DApps on the Corn network. 

 

Ankr’s potential is buried in its consistent developments to remain a reliable source of decentralized physical infrastructure marketplace for emerging web3 projects.