BiJie.com reported:
Last week, the cryptocurrency market experienced a downturn, with Bitcoin falling below the $60,000 mark. Ethereum also followed this trend, dropping below $3,000. This affected many top cryptocurrencies and exacerbated losses for altcoins. However, some altcoins still present good opportunities.
These altcoins show growth potential, and this article analyzes the current situation of good cryptocurrencies.
Good cryptocurrencies at present:
1. CHZ
Chiliz allows fans to participate in the management of their favorite sports teams. Fans can purchase various fan tokens, which allow them to have a closer connection with the club and create new revenue streams for sports organizations.
The platform has established partnerships with major sports teams. It also collaborates with UFC and gaming organizations. By purchasing CHZ, fans can acquire fan tokens, thereby owning shares in the club.
Recently, Chiliz announced a partnership with the Australian platform PUML Better Health, which is dedicated to gamifying health and fitness activities. This collaboration introduces a “earn while exercising” model, encouraging sports fans to engage in physical activities while participating in the Chiliz digital ecosystem.
This partnership combines sports activities with blockchain rewards, redefining fan engagement in the sports industry. Fans can connect their wearable devices to the PUML Better Health app and earn PUML coins by completing daily fitness challenges. These challenges include step goals and team activities, and additional rewards can be obtained if the balance in the PUML wallet remains at 100 CHZ.
Furthermore, this collaboration coincides with the recent surge in the price of CHZ tokens. The token’s 14-day relative strength index (RSI) is 44.01, indicating a possible market stability. Additionally, the CHZ token has high liquidity based on its market capitalization.
2. ICP
The Internet Computer blockchain utilizes advanced encryption technology to introduce the concept of a “world computer” blockchain. This enables the creation of various online systems and services without relying on traditional IT infrastructure such as cloud computing. This innovation aims to achieve comprehensive end-to-end decentralization.
Relative to its market capitalization, the token exhibits high liquidity.
The 14-day relative strength index (RSI) is 37.51, indicating a neutral state for the token, possibly continuing to consolidate. Despite a volatility of up to 15%, ICP’s significant annual growth and strong market position make it one of the better cryptocurrencies at present.
Meanwhile, ICP recently partnered with the United Nations Development Programme (UNDP) and the DFINITY Foundation to improve financing channels for micro, small, and medium-sized enterprises (MSMEs) through the Universal Trust Credentials (UTC) initiative. The focus of this collaboration is to enhance domestic financing channels for MSMEs by promoting cross-border data trust and unlocking trade financing between countries.
3. PYTH
Pyth Network aims to connect traditional financial markets with blockchain technology by providing real-time, high-quality market data. This data is crucial for decentralized applications (dApps) spanning multiple blockchains, enhancing the reliability and functionality of smart contracts in various financial sectors.
Recently, Pyth Network established a strategic partnership with AMINA Bank, aiming to improve data accuracy for the decentralized finance (DeFi) community.
AMINA Bank will provide real-time digital asset prices to Pyth Network, enhancing the precision and efficiency of financial services in the DeFi sector. By integrating its resources with Pyth Network, AMINA Bank seeks to strengthen the network’s data products.
This collaboration marks an important step in the integration of traditional banking with emerging Web3 applications. It is expected to make financial services more convenient and reliable for users in different industries, thereby improving user experience and financial participation.
Additionally, its 14-day relative strength index (RSI) is 51.94, indicating a neutral position and possible consolidation.
The token has a relatively low 30-day volatility of 14%, well below the threshold of 30%, indicating price stability.
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Are there entry opportunities in the comparison of several hard altcoins in the falling market
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