SAND, MANA, KAIA, and EIGEN Shine as Top Low-Cap Altcoins to Watch in 2024

摘要:The crypto market rallied in recent weeks, with Bitcoin (BTC) reaching an all-time high of $98,000 b

The crypto market rallied in recent weeks, with Bitcoin (BTC) reaching an all-time high of $98,000 before dipping to $92,000; currently trading around $94,000. Large-cap tokens like Cardano (ADA), XRP, and Stellar (XLM) also saw gains, but low-cap altcoins, particularly those linked to the metaverse, stole the show. Kaia (KAIA), Decentraland (MANA), The Sandbox (SAND), EigenLayer (EIGEN), and ZKsync (ZK) are primed for substantial growth.

SAND and MANA linked to Metaverse have seen exponential growth. According to CoinMarketCap, SAND is positioned at the 69th rank and trading at $0.6037, whereas MANA is at 86th position and priced at $0.5938. Just last month, SAND surged by 137.48% while MANA spiked by 96.98%. This rally reflects renewed interest in the metaverse, driven by the potential for AI integration.

Recently, Decentraland launched an upgraded desktop client, attracting users to the protocol while hosting a 2-day music festival. On the other hand, The Sandbox saw the debut of the “Attack on Titan” survival game, targeting global anime fans. While only 25% of SAND holders are currently in profit, the rising demand for metaverse protocols might push the tokens price higher.

KAIA and EIGEN also Show Bullish Potential

KAIA is expected to hit a bull run shortly. At the time of writing, the altcoin is trading at $0.1886, up 3% in 24 hours. Ranked 90th on CoinMarketCap, KAIA surged 51.64% in the past month. The protocol was formed due to a merger between Klaytn and Finschia, the creators of Kakao and LINE, respectively.

On Wednesday, KAIA, claiming to be Asias largest Web3 ecosystem, announced via X, that mini Dapps would be available on LINE. It stated that by early December 2024, it would launch the Dapp Portal SDK and by the end of January 2025, the mini Dapp on LINE Official would be launched. Interestingly, the altcoin made a new all-time high at $0.2107 on November 25th, after being listed on HashKey Exchange.

EIGEN, the native token of Ethereum restaking protocol EigenLayer, has also witnessed an upside potential. The blockchain network recently shared the “big picture” while announcing EigenGov, EigenLayer‘s governance platform. This spiked the token’s price by 5.66% and traded at $3.82. Over a span of seven days, the token skyrocketed by 67.43%.

The EigenGov platform will provide substantial governance power to EIGEN token holders and to members involved in the protocol. As decentralization expands, more users are expected to join.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

免责声明

本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性作出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任
上一篇

净资金流入赶超Solana,Base链会迎来爆发吗?

下一篇

白话区块链早报:以太坊L2 TVL回升至500亿美元上方