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Top 5 Altcoins That Look Strong on the Charts, Ready to Lead the Market into an 'Up-Only Season'

Barbara Streisand
Barbara StreisandOriginal
2024-10-15 03:38:09432browse

As Bitcoin struggles to maintain a hold above $60,000, investors are gradually shifting their focus to select altcoins. Most of them are checking

Top 5 Altcoins That Look Strong on the Charts, Ready to Lead the Market into an 'Up-Only Season'

Investors are shifting their focus to select altcoins as Bitcoin struggles to maintain a hold above $60,000. Most of them are checking out the top trending coins on GeckoTerminal in search of significant profit. This article curates the top 5 altcoins that look strong on the charts.

Analysts are bullish on these altcoins. Based on specific metrics, they believe that the altcoin market is about to enter an “up-only season.” Further analysis shows that our curated list of tokens will lead the charge and post massive ROI.

Trending Coins on GeckoTerminal Today

GameStop experienced a significant price surge recently due to renewed interest from retail investors. Meanwhile, PEPE  defied market volatility to post a 1,600% price explosion earlier this year. Moreover, investor sentiment surrounding DEEP is notably optimistic.

However, the Memebet Token is a better option than any meme coin in the crypto market. The project is transforming the gaming and betting industry. It integrates blockchain technology with user-friendly gaming experiences. Investors are encouraged to buy the token at $0.0258 before its price increases tomorrow.

1. DeepBook Protocol (DEEP)

The DeepBook platform is a decentralized central limit order book (CLOB) on the Sui blockchain. The native token, DEEP, facilitates wholesale liquidity. It also provides a robust trading environment for institutional traders and DeFi protocols. The token is integral to DeepBook’s ecosystem, enabling features such as volume-based fees and maker incentives.

Moreover, DeepBook leverages a fully on-chain architecture, ensuring low latency and high transaction throughput. This setup allows users to place limit orders and market orders efficiently, similar to centralized exchanges. The platform’s design enhances liquidity access for professional traders while providing retail services through its decentralized model.

Furthermore, the DEEP token serves multiple utilities within the DeepBook platform. Users can participate in governance by staking their DEEP tokens, allowing them to influence key decisions regarding pool parameters and fee structures. Additionally, the token incentivizes liquidity providers through rewards that decrease as total liquidity increases, promoting a balanced trading environment.

DEEP and DeepBook V3 are live on Sui Mainnet!

DeepBook V3 is the most performant order book in DeFi, powered by the DEEP token.

These two launches mark a major milestone in the liquidity and decentralization of @SuiNetwork’s DeFi ecosystem. pic.twitter.com/sycgCXHrHJ

— DeepBook Protocol on Sui (@DeepBookonSui) October 14,

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