Oversold, undervalued and ready to explode in Q4
The accumulation continues, but not for long. If you are not already fully positioned and ready to get rich, now is the time to be finalizing your portfolio as we approach the parabolic phase of the bull run.
Below is a high level overview of 4 oversold Altcoins with phenomenal value propositions, great tokenomics and generally flying under the radar.
Altcoin #1: Rollbit ($RLB)
Med risk, Target 10–15X
Rollbit is the top crypto casino platform, with daily real revenues ranging from $600K to $2M per day, heavily influenced by market conditions. A large portion of the revenue (10–30% depending on the type of revenue) is used to buyback and burn the $RLB tokens, with over 50% of the supply having been burned to date. 100% of the token is circulating, and there are zero unlocks to cause sell pressure.
Recent $RLB highs were $0.25 late last year, and with the huge reduction in circulating tokens, any buy pressure could send $RLB on a moon mission.
Altcoin #2: XBorg ($XBG)
Higher risk, Target 20–25X
XBorg launched their $XBG token roughly 1 month ago. They took a very contrarian and potentially trend-setting approach and launched exclusively on a DEX with 100% of seed and pre-sale tokens unlocked (no high FDV & low float shenanigans). On the one hand, this caused a predictable short term dip in the token price, but conversely allowed for a significantly stronger holder base with a far better foundation for positive price action as they progress through the bull run.
Pros:
Huge esports partnerships being announcedStrong aligned holder baseExcellent rewards program (yield)Game changing Gamer ID protocol in productionNo token unlocks for 6 months (small unlock), and 1 year (med unlock)
Cons:
Rewards program also yields potential sell pressureToken utility is low while awaiting app and other progress
Altcoin #3: BEAM ($BEAM)
Med Risk, Target 10–15X
Beam is a gaming infrastructure coin. It is an L2 on Avax with expansion plans to POL/Matic as an L2/L3 on their new aggregation layer technology. BEAM has over 80% of tokens in circulation, which makes for reduced ongoing sell pressure. It also has a treasury of pre-sale investments in high profile projects that may yield hundreds of millions (if not billions) in profits in the bull. A portion of those profits will be used to buy back and burn $BEAM. BEAM is down significantly from its recent high of over $0.04, and has room for explosive price action when the bull market resumes and the gaming narrative returns.
Altcoin #4: Axelar ($AXL)
Med Risk, Target 10–15X
Axelar is the best bridge protocol out there. It has lagged in adoption, but rivals Chainlink with its cross chain messaging protocol and bridging infrastructure. Protocols like SquidRouter use the Axelar underlying tech and bridge assets natively, often in under 20 secs at very low cost.
$AXL has sold off from recent highs of almost $2.50, and also has over 65% of coins in circulation. It has some serious milestones coming up in regards to real world assets and cross chain dApps and liquidity, and is fast gaining on Chainlink as the top interoperability protocol in crypto.
Altcoin #5: Fantom/Sonic ($FTM/$S)
Low Risk, Target 8-12X
Fantom is a darling of the 2021 bull run that was later a victim of the Multichain bridge hack. The hack set FTM back significantly, and caused many of the smaller projects to abandon their protocols and users to abandon the chain.
Since the hack, FTM has rebounded solidly (no pun intended), Andre Cronje is back as the FTM superhero, and a rebrand and tech upgrade to Sonic is being finalized in the coming few months. Once complete, the Sonic L1 will rival Solana in technical capabilities while maintaining an EVM compatible infrastructure. Combined with the very low inflation, zero token unlocks, huge Fantom Foundation treasury, and robust developer incentives, Sonic ($S) could regain its former glory in style.
Altcoin #6: Solana ($SOL)
Very Low Risk, Target 6–7X
Solana is proving to be a blue chip Altcoin with long term potential. Despite the recurring technical issues, and dependence on meme coin shenanigans, Solana has sold off into way oversold territory. Given the ultra low risk profile, $SOL is a very solid long term investment with a 6–7X potential, and significantly more if the promised Firedancer upgrade is as big a deal as advertised. Fragmenting via L2 scaling does pose a risk, as it begins to obviate the top unique sell feature as an all-in-one native layer scalable blockchain.
Conclusion:
Whatever your preference or risk profile, time is running short to position yourself for life changing gains. Most capital sits comfortably on the sidelines waiting for the big break-out to occur before jumping aboard. Those are the same folks that will inevitably wait for prices to drop drastically before selling. They are your exit liquidity.
Build your portfolio when no one else is interested, so you can sell it when they are throwing money at every coin in sight in a frenzy to belatedly position themselves.
Good luck out there, and see you on the next one!
Sovereign Crypto (aka RickyBobby)
I release regular altcoin and crypto updates, subscribe for more info and to keep up to date!
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Disclosures:
I own or am accumulating the above mentioned tokens/investments.Not financial advice.I rebalance my portfolio occasionally and the above may change from time to time.
6 Altcoins to Buy for Q4 2024 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.