3 Altcoins Poised for Substantial Rallies, According to Crypto Expert Cody Buffinton

Amid the strong Bitcoin sell-off, the broader cryptocurrency market has been facing strong selling pressure, with altcoins crashing even more aggressively.

As Bitcoin experiences a significant sell-off, the broader cryptocurrency market is also facing strong selling pressure, with altcoins crashing even more aggressively. All of the top ten altcoins are currently down 5-10%.

However, some market analysts are still hopeful and bullish about a few altcoins. Cody Buffinton, the host of the widely followed crypto YouTube channel Altcoin Buzz, has identified three altcoins poised for substantial rallies: Ondo (ONDO), Near Protocol (NEAR), and Sui Network (SUI).

In a YouTube video posted on June 27, 2024, Buffinton highlighted these altcoins, emphasizing their significant potential for major price increases. Let’s take a look at each of these altcoins:

1. Ondo Finance (ONDO)

At the top of the list is ONDO, the governance token of Flux Finance and Ondo DAO. Ondo, a Coinbase-backed securities tokenization platform, integrates blockchain technology with real-world assets (RWA).

Many investors expected a bullish rally for ONDO after it reached an all-time high (ATH) of $1.48 on June 3. However, ONDO’s price has since dropped 23.12% from its ATH, currently trading at $1.14.

Recent developments suggest that ONDO could surpass its previous ATH, as reported by CNF. During the video, he pointed out that ONDO’s realized cap metric, which identifies distribution and accumulation areas, stood at $1.15 billion.

If the realized cap surpasses the market cap, it indicates a potential price decrease and vice versa. With ONDO’s market cap at $1.7 billion, Buffinton believes ONDO could be primed for a price surge. Currently, ONDO ranks as the 53rd largest cryptocurrency by market cap.

2. Near Protocol (NEAR)

According to the crypto expert, NEAR is the second altcoin poised for a significant rally. NEAR is the native token of Near Protocol, a Layer-1 blockchain launched in 2018 that enables developers to create and deploy decentralized applications (dApps).

The expert noted that Near Protocol gained considerable attention in the first half of 2024 due to increased network activities. This is evident in the platform’s total value locked (TVL), which surged from $90 million in January to $324.5 million this month.

Additionally, Cody highlighted the rapid growth in Near Protocol’s transaction volume since the beginning of the year. He suggested that the increasing network activities indicate more inflows than outflows, signaling sustained user optimism and confidence in the cryptocurrency.

Furthermore, according to Crypto News Flash, Near Protocol remains the preferred choice for users who want to steer the AI revolution.

NEAR is trading at $5 at press time, with a daily decline of 2.7%. The coin has a market cap of $5.47 billion, making it the 20th largest cryptocurrency.

3. Sui (SUI)

The third and final asset on Cody’s list of altcoins primed for a rally is SUI, the primary token of the prominent Layer-1 blockchain Sui. The YouTuber highlighted a recent strategic partnership with digital asset custody provider Copper as a key driver for SUI’s potential surge.

“With Copper’s custody solution now operational for Sui’s native tokens, the platform is poised to attract institutional clients seeking secure and compliant services,” Cody commented.

At the time of writing, SUI is trading at $0.7978, reflecting a daily decrease of 3.62%. The coin is ranked as the 47th largest cryptocurrency, with a market cap of $1.93 billion.

Despite Cody’s recommendation, conducting thorough research on these tokens before making any investment decisions is crucial.

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