- Market anticipates rebound post-July liquidations, with CME futures and fund inflows boosting sentiment.
- NEAR shows resilience with $5.27B market cap; FET aims AI and crypto convergence, despite recent value decline.
- MTAUR offers gaming tokens at deep discount, poised to capitalize on $14.78B casual gaming market growth.
- GRT undervalued at $0.19, poised for rebound with increased network activity; RNDR rebranding for strategic market repositioning.
The crypto market is poised for an August rebound following anticipated July liquidations. JPMorgan revised its year-to-date net flow estimate to $8 billion, down from $12 billion, citing reduced Bitcoin reserves on exchanges due to liquidations by Gemini and Mt. Gox creditors, and selling by the German government. Despite these challenges, recovery is anticipated, bolstered by inflows into crypto funds, CME futures, and capital fundraising.
As the market prepares to bounce back, several undervalued cryptocurrencies show strong growth potential. Today, we’ll explore these opportunities.
NEAR Protocol (NEAR): Steady Growth Amid Market Volatility
NEAR Protocol (NEAR) has shown resilience with a market capitalization of $5.27 billion. Despite a recent 1.9% dip against the US dollar, it rebounded by 2.6% in the last 24 hours, now priced at $4.61 after a 4.39% increase.
Looking ahead, NEAR Protocol (NEAR) anticipates growth as market conditions stabilize. Its focus on decentralized applications (dApps) positions it strongly in the expanding DeFi and blockchain ecosystem, despite potential challenges from market volatility and competition.
Artificial Superintelligence Alliance (FET): Transformative Potential in AI and Crypto
The Artificial Superintelligence Alliance (FET), involving Fetch.ai, SingularityNET, and Ocean Protocol, merges AI and crypto sectors to strengthen decentralized AI and blockchain data exchange.
Priced at $1.21, the Artificial Superintelligence Alliance (FET) saw a slight 0.3% decrease. Despite this, anticipation for the ASI token may spur increased demand and price recovery.
ASI’s future hinges on successful merger execution and rebranding.
The Graph (GRT): Undervalued and Poised for Rebound
The Graph (GRT) has dropped 27% in the past month to $0.19, showing a bearish trend despite its potentially undervalued Market Value to Realized Value (MVRV) ratio.
Currently below its 20-day moving average, Graph (GRT) faces strong selling pressure, indicating market dominance by sellers. However, increased network activity suggests potential for a price rebound if buying momentum persists.
The future of Graph (GRT) depends on growing network activity and overcoming bearish sentiment. Success could drive Graph (GRT) to rally towards $0.20 or higher.
Minotaurus (MTAUR) Presale: Gaming Opportunity You Can’t Afford to Miss?
Minotaurus (MTAUR), a blockchain-based gaming project, is offering a special presale of its $MTAUR tokens at an incredible ~78% price cut. For early participants, it’s an opportunity to purchase tokens at just $0.0000432 each, which could mean almost fivefold savings compared to the listing price of $0.00020.
Within the game, players navigate intricate mazes filled with obstacles, enemies, and hidden treasures. It offers endless variety with unique Minotaurs, special items, customization options, boosters, exclusive zones, and mini-games.
$MTAUR Token Utility
The $MTAUR tokens have multiple uses within the game:
- Personalize your avatar with unique cosmetics
- Unlock speed enhancements and other temporary effects
- Access restricted areas
- Boost your skills
- Purchase characters and merchandise
Extra Bonuses and a Thriving Market
Early $MTAUR holders benefit from vesting incentives and referral bonuses, making the presale even more attractive. Minotaurus (MTAUR) is set to enter the casual gaming market, which is estimated by Statista at $14.78 billion and expected to grow by over 9% annually.
Render (RNDR): Strategic Rebranding for Future Growth
Render (RNDR) is rebranding with Crypto.com’s support to enhance market presence and streamline operations. This includes changing the ticker to RENDER and delisting old tokens.
Currently at $6.23, Render (RNDR) reflects market corrections. The rebranding aims to boost performance and could positively impact RENDER’s position.
Challenges for Render (RNDR) include logistical transitions. Successful execution could reverse the bearish trend.
