5 Heavily Discounted Crypto To Buy After Super Bowl 2024, Including XRP And LUNC
Following the grand spectacle of Super Bowl 2024, XRP, Terra Luna Classic (LUNC), MANTRA, Stellar (XMR), and ORDI is a unique opportunity for savvy investors. Amidst the fluctuating market, certain digital assets have emerged as particularly enticing, having experienced a significant price surge promising future outlook.
1. XRP
XRP is at the forefront of transforming the landscape of cross-border payments, offering a quicker, cost-effective alternative to traditional methods. This cryptocurrency has long been a significant figure in the digital currency world, with substantial market capitalization and strategic partnerships that may enhance its value further.
Despite facing regulatory hurdles in 2023, particularly from the U.S. Securities and Exchange Commission (SEC), XRP rallied, reaching a peak of $0.82 before experiencing a pullback. Its journey since 2020 has been marked by ups and downs, notably after regulatory scrutiny led to a drop from its all-time highest value of more than $3.
Looking ahead to 2024, XRP’s trajectory appears linked to several key factors, including shifts in regulatory landscapes, market dynamics, and technological progress. Presently, XRP price stands at $0.5193, experiencing a slight decrease of 2.18% over the last 24 hours.
2. Terra Luna Classic (LUNC)
Terra Luna Classic (LUNC) has shown a remarkable recovery, with growing bullish momentum. It reached its all-time high on April 05, 2022, at $119.18, then adjusted downward. Terra Classic price is currently $0.000114, marking a slight decrease. Terra’s blockchain protocol revolutionizes the payment industry by utilizing stablecoins tied to fiat currencies to facilitate stable, global transactions.
The resurgence in LUNC can be attributed to various factors, including Binance’s recent LUNC token burn and the surge in LUNC staking, surpassing 1 trillion. The past week saw an uptick in trading activities and the liquidation of numerous LUNC short positions. Furthermore, the Terra Luna Classic community’s approval of proposal 12033 has played a vital role in this upward trend, reflecting a bullish sentiment in the broader market.
3. MANTRA
MANTRA, known for its OM utility token, has seen an impressive surge in the digital currency market. Originating on the Ethereum blockchain, MANTRA is set to make a strategic shift towards the Polkadot ecosystem. This move aims to enhance its staking, lending, and governance features.
In 2024, the OM token stands out as a top performer across the cryptocurrency landscape. Its trading volume has escalated by more than 400% since the year commenced, marking a historical peak at $0.8716 on March 16, 2021. This peak is largely attributed to the newly introduced staking capabilities, captivating the interest of investors. At the time of writing, MANTRA is trading at $0.3022.
4. Monero (XMR)
Monero (XMR) continues to lead the charge in privacy-centric cryptocurrencies, offering secure, anonymous, censorship-free transactions. Utilizing a proof-of-work mechanism encourages miners to participate in the network’s growth. XMR’s value skyrocketed by 4840%, achieving an all-time high of $517.62 on May 7, 2021.
Despite a subsequent price correction, Monero has maintained a steady position, with a recent slight increase to $122, indicating sustained investor interest in its privacy features.
5. ORDI
ORDI, a notable Bitcoin Ordinal (BRC-20) token, is on the brink of experiencing substantial growth as Bitcoin shows signs of recovery. With the current upward trend laying a solid foundation for bullish momentum, experts anticipate a considerable rise in ORDI’s value in 2024.
This token achieved a remarkable milestone on January 2, 2024, soaring to an all-time high of $90.96. Over the last year, ORDI has impressively surged by more than 140%. Presently, ORDI is trading at $61.62, experiencing a slight dip of 1.14%.
Bottom Line
The aftermath of Super Bowl 2024 has cast a spotlight on a handful of cryptocurrencies currently trading at discounts. XRP, Terra Luna Classic (LUNC), MANTRA, Stellar (XLM), and ORDI represent intriguing options for investors looking to capitalize on these opportunities.
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