As Bitcoin records a 1.2% price dip in the last 24 hours, some smaller alternative coins are netting all the smart money today.
Altcoins are some of the best speculations in crypto. That’s because the best ones all build a unique platform or offer solutions to problems specific to blockchain.
That said, here are three standout altcoins that are all trading very cheaply now, but all of them have the potential to hit the $5 price mark if they continue attracting the interest they’re getting now.
Theta Network (THETA): A Bet on AI-driven Entertainment
Theta’s $THETA token powers a network that is purpose-built as a blockchain-based, decentralized cloud network that provides compute for various video and AI-based applications.
The THETA mainnet launched in March 2019 and has since blown up to become the hundredth biggest crypto in the world with a market cap of $1 billion.
In the last 24 hours, Theta rose 1.4%, beating a 1.2% downtrend that affected the collective crypto market, which now stands at $3.46 trillion.
However, in the last week, THETA is up a staggering 48%, in a buying spree that has pushed its relative strength index up to 73, which is slightly oversold and likely to trigger some selling that could depreciate the price a little in the short-term, but propitious market conditions could enable a run up to $2 by June.
Solaxy ($SOLX): Whales Anticipate Feverish Price Momentum When These Coins Hit Exchanges
Solaxy ($SOLX) is making waves in the Solana ecosystem as the platform’s inaugural Layer 2 scaling solution.
Aiming to boost transaction speed, lower gas fees, and ease network congestion, Solaxy paves the way for a speedier and cheaper network.
Similar to Layer 2 protocols on Ethereum, Solaxy validates transactions on a secondary layer at higher speeds before adding them to the distributed ledger on the first layer.
The platform also features full Ethereum compatibility, enabling cross-chain liquidity and expanding its functionality within the wider DeFi landscape.
Currently, SOLX tokens are available in a presale phase at a locked-in price of $0.001722, with gradual increases anticipated as the sale advances.
Potential approval of Solana-based spot ETFs by the U.S. SEC could significantly boost interest and demand for Solaxy ($SOLX).
With more than $34.7 million already secured in funding, it’s evident that large investors are heavily investing in SOLX. Staking rewards of 116% APY offer a further incentive to get in during the presale.
Stay up to date with Solaxy on X and Telegram
Celestia ($TIA) Makes Data Availability Profitable
Celestia ($TIA) is a blockchain innovation in the field of data availability. Its modular design separates consensus and data availability from execution layers, enabling developers to build more scalable Layer 2 applications and blockchain networks.
In the last seven days, Celestia rallied a sharp 31%. Such a sudden climb after months of inaction appears to confirm the fact that $TIA has the potential to rally up to $8 by the start of summer.
That’s because from November 2024 onwards, technical indicators show falling support (green line) and resistance (red line) with some healthy seesawing between them. This forms a technical indicator called a bullish descending wedge, often a precursor to some outsized gains.
However, Celestia is down 3.6% in the last hour and could take further price hits overnight as traders cash in on the recent rally.
A favourable news cycle could help the token get a leg up on the $5 threshold. From here, it would need to grow 60% to hit $8, a level where TIA had a lot of support in Spring last year.
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