The crypto market is full of surprises and opportunities. New projects emerge daily with innovative ideas and solutions that can disrupt various industries and sectors. Some of these projects have the potential to become the next big thing in the crypto space and generate massive returns for their investors.
However, finding these hidden gems is not easy. You must do your research, analysis, and due diligence before investing in any crypto project. You must also be aware of the risks and challenges in the crypto market, such as volatility, regulation, competition, and hacking.
To help you out, we have compiled a list of the top 3 penny cryptos set to breach $1 soon. These projects have strong fundamentals, solid use cases, loyal communities, and high growth potential. Here they are:
MAGIC Crypto Price Analysis
MAGIC is a decentralized platform that aims to create a fair and transparent ecosystem for online gaming. MAGIC allows gamers to play their favorite games on any device, earn rewards for their skills and achievements, and own their digital assets. MAGIC also enables game developers to create and publish their games on the platform, access a global audience, and monetize their work.
MAGIC has its native token, MAGIC, which is used for various purposes on the platform, such as:
- Staking: Users can stake their MAGIC tokens to earn passive income and participate in governance.
- Gaming: Users can use MAGIC tokens to play games, buy in-game items, and access premium features.
- Marketplace: Users can use MAGIC tokens to buy and sell digital assets on the platform’s marketplace.
- Rewards: Users can earn MAGIC tokens for playing games, completing quests, referring friends, and more.
MAGIC is currently trading at $0.8109 with a market cap of $177 million. MAGIC has a total supply of 100 million tokens and a circulating supply of 100 million tokens. MAGIC has been growing steadily since its launch in June 2021 and has achieved several milestones, such as:
- Launching its beta version with over 50 games available.
- Partnering with several game studios and publishers, such as Ubisoft, EA Sports, Activision Blizzard, and more.
- Reaching over 100,000 registered users and over 10,000 daily active users.
- Launching its own NFT collection featuring exclusive game characters and items.
MAGIC has a lot of potential to become one of the leading platforms for online gaming in the crypto space. With its innovative features, user-friendly interface, and diverse gaming options, MAGIC can attract millions of gamers and developers worldwide. MAGIC can also benefit from the growing demand for NFTs and gaming tokens in the crypto market. Therefore, we believe that MAGIC can easily breach $1 shortly.
For $MAGIC on the daily timeframe, the price action has created a Bullish Harmonic Bat pattern as well as consolidating within a Descending Triangle pattern with the price action respecting the resistance trendline.
There is potential for a pump to occur after the breakout and subsequent retest.
GHST Crypto Price Analysis
GHST is a decentralized platform that aims to create a virtual world where users can explore, socialize, create, and collect. GHST is powered by Aavegotchi, a unique type of NFT that combines DeFi elements with pixel art characters. Aavegotchi are digital collectibles that have various attributes, such as:
- Traits: Aavegotchi have four traits that determine their rarity and value: energy, aggression, brain size, and eye shape.
- Spirit Force: Aavegotchi have a spirit force that represents their underlying collateral. Users can stake various DeFi tokens such as AAVE, LINK, USDC, or DAI to boost their spirit force and earn interest.
- Wearables: Aavegotchi can wear various items that enhance their appearance and stats. Users can buy, sell, or trade wearables on the platform’s marketplace.
- Kinship: Aavegotchi have a kinship score that reflects their bond with their owners. Users can increase their kinship by interacting with their Aavegotchi regularly.
GHST has its native token, GHST, which is used for various purposes on the platform, such as:
- Buying: Users can use their GHST tokens to buy Aavegotchi, wearables, land parcels, and other items on the platform.
- Burning: Users can burn their GHST tokens to summon new Aavegotchi or upgrade existing ones.
- Governance: Users can use their GHST tokens to vote on proposals and decisions that affect the platform.
GHST is currently trading at $0.961 with a market cap of $50.9 million. GHST has a total supply of 100 million tokens and a circulating supply of 100 million tokens. GHST has been growing rapidly since its launch in September 2020 and has achieved several achievements, such as:
- Launching its mainnet version with over 10,000 Aavegotchi minted.
- Launching its metaverse called the Aavegotchi Realm, where users can own and customize their land parcels and buildings.
- Launching its own DAO called the AavegotchiDAO, where users can participate in the platform’s governance.
- Launching its own NFT marketplace, the Baazaar, users can buy and sell their Aavegotchi and wearables.
GHST has a lot of potential to become one of the leading platforms for NFTs and metaverse in the crypto space. With its innovative concept, engaging gameplay, and vibrant community, GHST can attract millions of users and collectors worldwide. GHST can also benefit from the growing popularity of NFTs and metaverse in the crypto market. Therefore, we believe that GHST can easily breach $1 shortly.
Continuously getting rejected by heavy resistances zone, needs high volume to breakout else it would be keep rejecting.
MATIC Crypto Price Analysis
MATIC is a decentralized platform that aims to provide scalable, secure, and user-friendly solutions for Ethereum and other blockchains. MATIC is powered by Polygon, a framework that allows developers to create and connect various types of blockchain networks, such as:
- Standalone Chains are independent blockchains with consensus mechanisms, validators, and features. They can interoperate with Ethereum and other chains via bridges.
- Secured Chains: These are layer-2 solutions that leverage the security of Ethereum or other base chains. They can offer high scalability, low fees, and fast transactions.
- Interoperability Protocols: These protocols enable cross-chain communication and data transfer between blockchains.
MATIC has its native token, MATIC, which is used for various purposes on the platform, such as:
- Staking: Users can use MATIC tokens to secure the network and earn rewards.
- Fees: Users on the platform can pay their transaction fees with MATIC tokens.
- Governance: Users can use their MATIC tokens to vote on proposals and decisions that affect the platform.
MATIC is currently trading at $0.69 with a market cap of $6.4 billion. MATIC has a total supply of 10 billion tokens and a circulating supply of 6.4 billion tokens. MATIC has been growing steadily since its launch in April 2019 and has achieved several milestones, such as:
- Launching its mainnet version with over 100 DApps deployed on it.
- Launching its layer-2 solution, Polygon POS, offers high scalability, low fees, and fast transactions for Ethereum DApps.
- Launching its interoperability protocol called Polygon SDK allows developers to create and connect various types of blockchain networks.
- Partnering with projects and platforms such as Aave, SushiSwap, Decentraland, OpenSea, and more.
MATIC has a lot of potential to become one of the leading platforms for blockchain scalability and interoperability in crypto. With its advanced technology, diverse ecosystem, and strong network effect, MATIC can support millions of users and DApps worldwide. MATIC can also benefit from the growing demand for layer-2 solutions and cross-chain communication in the crypto market. Therefore, we believe that MATIC can easily breach $1 shortly.
Being heavily respected by historic trendline support, if it does breakout with good volume the gains would surely giant.
Conclusion
Some of the top crypto are set to breach $1 shortly. These projects have strong fundamentals, solid use cases, loyal communities, and high growth potential. However, before you invest in any of them, make sure to do your own research, analysis, and due diligence.
You also need to be aware of the risks and challenges involved in the crypto market, such as volatility, regulation, competition, and hacking.
Disclaimer: This content is for informational purposes only and should not be construed as financial advice or an endorsement of any cryptocurrency or service provider.
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