Ethereum ETF Approval Indicates Market To Pump; Investors Have High Hopes In 3 Low-Cap Altcoins

Key Takeaways
  • Ethereum ETFs approval boosts market optimism; low-cap cryptos thrive.
  • Oasis Network, Landshare, Jito Network lead with innovative solutions.
  • High growth potential in low-cap tokens despite market volatility.
30-07-2024 By: Coin Gabbar
Ethereum ETF Approva

Ethereum ETFs Spark Optimism in Low-Cap Crypto Market

Etheruem spot ETF got approval, which is highly awaited since Bitcoin ETFs. This instance of ETF approval brought optimism across the cryptocurrency market. Global cryptocurrency market cap stands at $2.4 Trillion today constituting hundreds of thousands of crypto tokens. Meanwhile crypto investors find high growth opportunities in the low cap cryptocurrencies despite that they also come with more risk. 

As the crypto market buzzes with potential, certain low-cap cryptocurrencies stand out due to their unique features, strong community backing, and innovative technologies that cater to specific needs within the blockchain ecosystem. 

As Bitcoin ETFs approval brought significant institutional attention towards the crypto industry, Ethereum ETFs are likely to take it further. The low-cap altcoins with strong hold given their utility and past performance will have an opportunity to capitalize on their position. 

Artificial intelligence (AI) crypto narrative is captivating the attention from all across the crypto space and leading AI tokens like Oasis Network (ROSE) capitalize the opportunity, Landshare (LAND) is leaving its impressions within the RWA sector with its tokenized real estate offerings, and liquid staking is getting traction with pace and Jito (JTO) is taking the leading position. 

Here's an insight into some trending low-cap tokens that investors have high hopes for, along with reasons for their anticipated significant price performance in the future. 

Oasis Network (ROSE)

Oasis Network (ROSE) is a privacy-enabled and scalable layer-1 blockchain developed by Oasis Labs. It supports decentralized applications with a focus on privacy and confidentiality, utilizing a Proof-of-Stake (PoS) consensus mechanism. The network features multiple ParaTimes, including Cipher and Sapphire, to ensure secure data processing.

Recent developments in the Oasis Network include significant ecosystem growth. Key initiatives include the launch of AI-generated Oasis AI ROSE NFTs and partnerships with NFTb. The network also introduced YuzuSwap, the first decentralized exchange, and LaunchGarden, a project launchpad, to bolster its DeFi ecosystem.

Technical enhancements are underway, focusing on improving Ethereum compatibility and user experience. Oasis plans to validate state transitions on Ethereum, enhancing security and interoperability. User experience improvements include a new wallet browser extension and mobile apps for easier staking and transactions.

The price of ROSE has fluctuated recently, reaching a high of $0.148 but currently trading at approximately $0.85. ROSE token price saw a decline of 8% in the past week. Despite recent volatility, the long-term outlook suggests potential growth, with price targets around $0.20 by the end of this year.

Landshare (LAND)

The LAND token has become a pivotal player in the real estate sector and a key contributor to the altcoin market's expansion. Its pioneering method of granting fractional ownership in real estate assets via blockchain technology has attracted investors keen on exploiting the lucrative real estate market. Recently, LAND has benefited from growing worldwide interest in the Real World Asset (RWA) sector, spurred by BlackRock's intensified emphasis on tokenization.

In the rapidly evolving crypto market, the RWA sector is expanding quickly, propelled by an overall shift toward asset tokenization across various industries. In this lively setting, LAND, the primary token of a prominent tokenized real estate platform, has experienced notable growth.

This surge has been particularly beneficial for investors. Landshare has led the way in merging blockchain technology with real estate, allowing investments in property starting at just $50. This approach offers investors fractional ownership in actual properties, thereby revolutionizing the real estate investment landscape.

Landshare has effectively utilized the LAND token in its operations, as shown by the successful sale of four tokenized properties on the Binance Smart Chain (BSC), highlighting Landshare's strong operational capabilities and its readiness for broader market adoption. This progress and continuous improvements at Landshare have reinforced the platform’s unique position in remedying the inefficiencies of the conventional real estate market and validated my investment decision, presenting significant growth and passive income opportunities in the crypto market.

These cryptocurrencies are attracting attention due to their innovative approaches to common blockchain issues like transaction speeds, cost efficiency, and interactive community engagement. Their growth potential is bolstered by active developments, community support, and alignment with broader crypto market trends, making them compelling choices for investors looking for high returns from low-cap investments.

LAND token has become a pivotal player

LAND token proves the potential of taking a leading position in the RWA space. Although the token has shown resilience, it tumbled nearly 14% in the past week and currently trades at $1.9. The token price has hit $7 a few months back and it shows the trading price presents an opportunity for investors to get their hands on LAND on discount. 

Jito Network (JTO)

Jito Network (JTO) is making significant contributions to enhancing the Solana ecosystem, boasting a market capitalization of $300 million. It introduces innovations like the JitoSOL liquid staking pool and MEV products, aiming to significantly boost efficiency. An analyst emphasized, “Jito Network does more than just support Solana; it actively drives its advancement,” underlining its crucial role in broadening the ecosystem.

Jito Network, operating within the Solana ecosystem, offers a liquid staking solution through its JitoSOL token, allowing users to stake SOL and participate in decentralized finance (DeFi) activities. The Jito Network utilizes a unique approach to Maximal Extractable Value (MEV), which enhances staking yields by allowing validators to bid on transaction sequences in each block, thereby ensuring a fair and profitable system. 

The network's governance is facilitated by the JTO token, a governance token that empowers holders to make key decisions about the network's future, including fee structures and treasury management. This token plays a central role in ensuring the community's involvement in guiding Jito's evolution.

Jito has also implemented stringent security measures to protect assets on its platform, addressing vulnerabilities within the Solana network to enhance the safety of user investments. This proactive security posture is crucial given the challenges inherent in blockchain technologies.

Furthermore, Jito's innovative use of technology and governance has attracted significant capital, positioning it as a leading protocol within the Solana ecosystem by total value locked. The introduction of the JTO token and subsequent airdrops have been instrumental in engaging the community and distributing governance power more equitably.

Jito Network (JTO) is making significant contributions

Price of JTO token is trading at $3.15 maintaining the uptrend. Although it has seen a drop from recent high of $4.6, ROSE token price surged more than 35% in the monthly time frame. Despite the fluctuations, it is up by more than 80% year over year. 

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