Amid crypto market shocks which will still be volatile in 2024, investors are starting to hunt for low-supply tokens. The popularity of these limited-supply tokens has become a target for investors because of the potential for prices to skyrocket drastically if demand increases. Here are 3 low supply tokens that are predicted to surge in 2024:
Read CRYPTONEWSLAND onRender (RNDR)
The graphics rendering process requires expensive hardware, but Render (RNDR) comes as an economical solution. As an Ethereum-based utility token, RNDR allows users to leverage the GPU computing power of service provider nodes around the world. Payment is made with RNDR tokens, which also serve to verify rendering results. With a maximum number of 530 million coins, RNDR is predicted to experience a price increase.
The scarcity of RNDR is expected to drive the token price upward as adoption and demand for Render Network’s rendering services increase in the future. This prospect makes RNDR one of the most promising low-supply tokens this year.
Akash Network (AKT)
Whatever the current cost of cloud computing, Akash Network is here to storm with decentralized services that are much more affordable. AKT tokens are used to pay for cloud resources such as CPU, GPU, and storage on the Akash marketplace.
Using the Cosmos software development kit (SDK), Akash was developed and put into use on the Cosmos blockchain. Through its marketplace, users can buy and sell computer resources on this open network. The price of AKT is predicted to soar considering the large opportunity in the cloud computing market which still lacks decentralized competitors like Akash.
Celsius (CEL)
Decentralized finance, or DeFi, has made modern roads for overseeing cryptocurrency assets. Users can take advantage of enticing chances for crypto loaning and borrowing on Celsius, a trailblazing site in this area. Since its dispatch in 2017, Celsius has empowered clients to store cryptocurrency assets and has offered returns that are essentially higher than those of conventional banks. For instance, users can earn up to 7% annual returns on Bitcoin deposits.
To increase returns, users can use Celsius’ CEL token, which also provides various additional benefits such as transaction fee discounts. With rapid user growth, demand for CEL tokens is expected to continue to increase, while supply is limited, which may lead to an increase in CEL prices in the future.
The three leading low-supply tokens in 2024 – Render (RNDR), Akash Network (AKT), and Celsius (CEL) – are predicted to become favorites among crypto investors. Apart from the scarcity factor that limits supply, all three have real utility value that has the potential to be sustainable in the future.
All three are not just speculative tokens but are important components that drive the real utility behind their respective projects. This is what makes their prospects very promising. The high demand for these services has the potential to lead to a sustainable increase in token value.
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