- VeChain price has surged 60% this past month but could target its ATH as network development gathers pace.
- Sui is growing fast in the DeFi space, with protocol TVL on the rise.
- Memeinator is a new token in presale and has raised nearly $2.5 million so far.
Amid the exuberance across the market, a number of tokens are showing huge potential in terms of where they could trade in the medium and long term. While the likes of Solana, Polygon and XRP are top of many investors’ watchlists, analysts are pointing to a few under the radar options.
Apart from VeChain (VET) and Sui (SUI), investors are likely to look at Memeinator (MMTR).
VeChain (VET) eyes return to key level
VeChain (VET) is one of the altcoins to see a lackluster trajectory since its flip lower from the all-time highs reached in 2021. However, the coin’s price has moved higher over the past month, gaining by more than 60% as it moved above $0.02.
Currently, the smart contract blockchain’s native coin is trading above $0.037 after a slight retreat from highs of highs last seen in May 2022. Market analysts are bullish on VeChain price going into 2024 given the momentum and broader market outlook.
Also to keep an eye on are ecosystem developments across VeChain and VeChainThor. Apart from the key partnerships sealed in recent months, this enterprise-grade blockchain could take a huge stride in the dApps and NFTs space with its tech updates.
Its likely VET price could break to $0.1 amid the wider crypto market upside likely in the first quarter next year. From here, a move to the ATH of $0.28 could open the path for $0.5 and potentially $1 by the end of the year.
Sui (SUI): TVL above $205 million as L1 attracts investors
Sui (SUI) was hovering around $0.87 on December 26, up 17% in the past 24 hours as the cryptocurrency’s total value locked (TVL) spiked. As of December 27, Sui’s TVL had surpassed $205 million, a milestone hit after a sharp surge beginning late September.
This has come as DeFi protocols on Sui have looked to flourish since the blockchain’s mainnet launch. The number of active accounts on the network has also soared as projects attracted users. Sui also recently committed 25 million SUI tokens to liquid staking protocols
The SUI token reached an all-time high of $2.16 in May 2023 and could retest the psychological $1 before the end of 2023. A surge to the $2.00 level or higher could be a legitimate target for bulls in the next few months.
Memeinator (MMTR): Presale continues as project preps for 2024 launch
As far as meme coins go in 2023, Bonk (BONK) was the stand out performer. The Solana-based meme coins surpassed Pepe (PEPE) as its massive airdrop drove demand for crypto phone Solana Saga.
While the token could still see fresh gains going forward, the market may fancy a new project that’s designed to offer the genuine utility that most meme coins lack. Memeinator (MMTR) is an AI-powered meme project aiming at the $1 billion market cap by destroying weak and worthless meme tokens.
Memeinator is currently in presale, with nearly $2.5 million raised by stage 10 as investors target the potential post-launch gains for MMTR. The offering of earning channels via a play-to-earn game, staking and NFTs will set Memeinator apart from many would-be competitor coins.
Meanwhile, there are numerous ways to earn some MMTR ahead of the token’s trading debut, including staking rewards, a mega giveaway and 10% Xmas bonus.
When its presale event ends at stage 20, MMTR price will be above $0.029.
This means the current presale value of $0.0166 could be up by 75% by the time the token hits crypto exchanges. If the project lunches as highlighted on their roadmap and its debut aligns with a general rally, this token could target $0.1-$0.5 after launch and probably $1 by 2025.
