Top 3 Low Priced Tokens for 10X Surge This Year!
The cryptocurrency market has seen price volatility this week, indicating increased buying and selling pressure in the crypto space. Moreover, top tokens have successfully tested their important support levels, indicating the possibility of significant price action to come.
On the other hand, mid-cap and low-cap altcoins have recorded high profits, which indicates that the interest of investors in these crypto tokens is increasing. Planning to invest in low-value altcoins for the upcoming bull rally?
Dive in, in this article we've covered the top 3 altcoins that are currently trading at steep discounts from their respective ATHs, but with strong long-term fundamentals.
MDX:
The Mdex project is an automated market making (AMM) exchange protocol built on the HECO chain and launched in January 2021. It is decentralized and works on the concept of fund pools. In particular, it uses a double chain and can also work on the Ethereum network.
Specifically, MDX price increased 129.91% in one day and 132.05% in the last week. This indicates higher bullishness for the altcoin. It also ranked 410th with a market value of $75.215 million.
The technical indicators, SMA and RSI have registered a significant increase, indicating an increase in buying-over-selling pressure in the crypto space.
Moreover, the price of Mdex is currently more than 99% lower than its previous ATH of $10.06, and with strong fundamentals, this altcoin may record a significant price increase in the coming period.
Renzo (REZ):
Renzo is a liquid staking token and strategy manager on EigenLayer and is built on the Ethereum chain. Offering a higher yield than ETH staking, the EigenLayer ecosystem is to interface and protect AVS.
With a trading price of $0.0658, a circulation of $1.15 billion and a total supply of $10 billion, Renzo's stock ranks 409th with a capitalization of $76.430 million.
The SMA indicator shows a bullish consolidation in the 1D time frame, indicating a strong bullish outlook on the crypto market. MACD recorded a constant increase in the green histogram, the averages show positive crossings. This indicates a positive outlook for the REZ price.
That's it (gone).
A zero-knowledge network enabled blockchain powered by the largest node infrastructure in the industry, the Horizen project is unique. Its interaction is enabled by the Zendu protocol. Horizon's native token “ZEN” is a mining PoW coin and is listed on all major exchanges.
ZEN price continues to trade with strong price action adding 14.91% to its portfolio in the last day and 23.15% in the last week. It also showed a rise of 53.62% over the past 30 days and recorded a year-to-date (YTD) return of 31.52%.
With a trading price of $11.35, a circulation of 15,204,481 tokens and a maximum supply of 21 million tokens, it successfully ranked 237th in the global crypto-list with a market cap of $179.56 million.
If the market continues to trade on bullish sentiment, Horizon's price is set to head towards the high (ATH) in the coming months. However, bearish price action may drag the ZEN coin price to a low of $7.85.
