A top crypto analyst has started to accumulate 2 altcoin projects belonging to the Solana (SOL) ecosystem again. The sharp price correction of recent weeks provides new positioning opportunities for buyers.
American football season begins: These 2 altcoins promise profits
The Flow Horse, formerly known as Cantering Clark, included 2 lesser-known projects in their current analysis. Trader highlights Solana-based sports betting and online gambling platform Rollbit (RLB) and DEX Open Exchange (OX). Both altcoin projects have recently experienced corrections of between 30% and 60% from peak prices. The analyst says they are currently offering attractive prices. In fact, now might be a good time to buy, according to the analyst:
I started repurchasing OX and RLB. The American football season is starting, which should ideally draw attention to Rollbit. While crypto futures are drying out further, both venues are still underpriced and the expected drop has been generous.
Started buying back $OX and $RLB
American football season is starting which ideally should bring attention to @rollbitcom as crypto futs dry up more, both venues are still underpriced, and the expected dip has been generous.
— HORSE (@TheFlowHorse) September 13, 2023
Why now?
Currently, RLB is trading at $0.140, down nearly 30% from the ATH level it reached in August. RLB has rallied nearly 521% since mid-June. Again, at the time of writing, OX is trading down 60% from the ATH level recorded last month. It is currently spending time at the $0.0320 level. The mysterious analyst expresses his views on why OX is priced low:
Crypto Twitter will get all kinds of pointless garbage, so when something is unanimously hated it sets my alarm bells off. It just means it’s currently under-allocated and I don’t think the people behind the token can pass on using it as a signaling mechanism.
ALGO offers ideal opportunities for altcoin investors
As we reported as Kriptokoin.com, Algorand (ALGO) announced important changes that will shape the future of its network. These developments aim to increase decentralization and build consensus among participants. Thus, it marks a bold step for the altcoin project.
One of the most striking information in Algorand’s latest announcement is that the network is switching from relays to a peer-to-peer (P2P) network approach. This fundamental change represents a departure from traditional blockchain architectures. It highlights Algorand’s commitment to greater decentralization.
The @Algorand protocol is evolving to a peer-to-peer gossip network not requiring relays, while maintaining finality and blocktime, and introducing consensus incentivization, a game-changer toward true decentralization. 👊 pic.twitter.com/pHZmduYLn5
— Algorand Foundation (@AlgoFoundation) September 13, 2023
The consequences of these transformative changes have already been impactful in the ALGO community and the broader cryptocurrency market. Despite ALGO’s recent price struggles, it is currently trading at $0.094271. Additionally, the Relative Strength Index (RSI) has been steadily moving out of the oversold territory. This indicates that luck may turn around.
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