Best Altcoins for Massive Return Potential: APE, WFTM, HYPER, and ALGO in Focus

• ApeCoin keeps investors attentive as its supply in circulation is 75%, and the volume ratio is highly indicative, indicating a possible accumulation of close to $0.71.
• Wrapped Fantom is under pressure, yet the increasing trading volume indicates a new focus despite the liquidity issues and the low turnover ratio.
• Hyperpigmentation and Algorand are actively traded, and an almost 100 percent circulating supply with stable on-chain metrics supports long-term growth prospects.

With the broader cryptocurrency market appearing to consolidate, a number of alternative coins are attracting interest due to their upside potential despite the recent pressure on prices. ApeCoin (APE), Wrapped Fantom (WFTM), Hyperpigmentation (HYPER), and Algorand (ALGO) have been active in trading and the ecosystem. Although both have undergone short-term corrections, the metrics underlying them will give one an idea of potential areas of accumulation by long-term value investors.

ApeCoin Price Action Signals Continued Market Interest

ApeCoin (APE) is changing hands at $0.7126, having slipped by 3.59% over the last 24 hours. The token’s market cap has dropped to around $536.38 million, and its 24-hour trading volume decreased by 9.24 percent to $46.19 million. Nevertheless, in spite of the price decrease, the volume-to-market-cap ratio can be considered relatively high, 8.61%, which may indicate that APE is still attracting the attention of investors in the altcoin sector.

Source: CoinMarketCap

The total supply and maximum supply of APE are limited to 1 billion, of which 752.65 million are in circulation. This implies that more than three-quarters of the total supply is already in the market, which can eventually lessen the probable supply-side strains. On-chain metrics show there are 182,070 token holders, which implies a widespread ownership structure. The intra-day chart indicated that the price fell slightly below the $0.71 level but recovered a little, but the general trend is bearish. This action will be characteristic of a recalibration period in the market where the interest to purchase is probed at the lower supports.

Wrapped Fantom Faces Volatility Amid Volume Uptick

Wrapped Fantom (WFTM) is currently priced at $0.3737, having fallen by 7.19 percent in the past 24 hours. The asset’s market capitalization is $816.7 million. Surprisingly, the volume of trading also increased dramatically by 28.76% to $80.87K over the same time, indicating a higher level of activity as traders in the market respond to price changes.

Source: Coinmarketcap

Its circulating supply is the same as the total supply of 2.18 billion WFTM, thus ruling out any future inflation in relation to the further issuance of tokens. Having the asset distributed among 323,330 wallet addresses, WFTM demonstrates dynamics of broad adoption in the market, although the liquidity is currently low. Its volume-to-market-cap ratio stands at 0.00991%, indicating a low turnover ratio. The intraday chart shows that there was a severe sell-off towards the end of the trading cycle, forcing the price to fall below major short-term supports. This is an indication that although the interest is still there, the short-term mood is now under strain.

Hyperpigmentation Token Faces Bearish Momentum Despite Active Volume

Hyperpigmentation (HYPER) trades at $0.01759, down 10.50% over the past day. Its current market capitalization is 17.53 million dollars. However, the trading volume increased by 8.06% to $149.26K, a sign that the market is still active in a downtrend. The market cap to volume ratio stands at 0.851 percent, indicating moderate liquidity.

Source: Coinmarketcap

Its total supply is nearly completely circulated, with 996.64 million HYPER of a 997.25 million max supply already in circulation. This reduces the possibility of future dilution, which may attract long-term investors. The direction of price in the recent sessions has remained on the negative side, and any effort to gain back has been met with barrier after barrier. This notwithstanding, the continued rise in the trading volume may indicate a period of redistribution as players in the market re-position.

Algorand Holds Firm Network Fundamentals Amid Price Correction

Algorand (ALGO) is changing hands at $0.1971, down by 5.27 percent over the past day. The capitalization has shrunk to $1.7 billion, and the 24-hour trade volume increased by 17.90 percent to $87.72 million. Such an increase in activity could indicate repositioning by traders in the wake of recent price changes. The volume to market cap ratio is also good at 5.15 percent, indicating good liquidity.

Source: CoinMarkecap

The current supply circulating is 8.62 billion ALGO, and the capped supply is 10 billion. Such a significant circulation rate facilitates the token’s maturity in the market and lowers doubts about inflation. The price action during the day displayed a gradual decrease, and intense selling towards the end of the period further moved the asset under the $0.20 zone. Even with the recent decline, ALGO still retains a huge altcoin market presence thanks to its already established protocol and current ecosystem interaction.