The market is bearish these days and most crypto players see it as a great opportunity to jump into projects with potential and earn huge profits. However, crypto traders are still confused about finding the altcoins with the highest potential in the market.
Tom, the host of CryptoBusy, a Youtube Channel that publishes up-to-date crypto news, coin and wallet reviews, came to the aid of traders and announced the top 4 big potential altcoins to buy in this drop.
4 altcoins to buy from the bottom
Zilliqa (ZIL)
The first altcoin on the analyst’s list Zilliqa (ZIL). Zilliqa, a public, permissionless blockchain designed to deliver high throughput with the ability to complete thousands of transactions per second, uses sharding, a layer-2 scaling technique, to address the issue of scalability and speed. The platform, which hosts a large number of decentralized applications, also allows staking and yield farming, as of October 2020.
According to the analyst, the altcoin, which experienced a big drop, fell to $ 0.032, after which it skyrocketed to the level of $ 0.23 in a few days earlier this month. Saying that after such a rise, people were asked at what level they should re-enter Zilliqa, Tom tried to answer this question:
“This is the level we need to get back to Zilliqa (around $0.10). This is literally a classic structural break. After this level, there will be a retest halfway through, followed by a continuation of the uptrend.”
Stating that this structure may be a continuation of the uptrend, the analyst predicted that we can enter the market around $ 0.1 and that our first target could be between the all-time high, that is, between the levels of 0.23 – 0.26 dollars:
“Once we reach these levels, we’ll see where things go. This coin; It could be a coin that goes to $0.47, $0.50 or even $1.”
Polkadot (DOT)
The second altcoin Tom mentions on his list Polkadot (DOT). Polkadot is open-source, which connects and secures a private blockchain network that facilitates the cross-chain transfer of not only tokens but any type of data or asset, thus allowing blockchains to be interoperable with each other. sharded It is a multi-chain protocol. Polkadot is designed to provide a foundation for the decentralized internet of blockchains, also known as Web 3.
Analyzing Polkadot’s chart, the analyst says that the popular altcoin is at a really nice level to buy, with demand between $14 and $17. At the time of writing, the altcoin is trading around $18.
“The price can break above the $19-20 range and continue to at least $24, maybe even $30. The DOT can then make an advance to where it has reached its all-time high. We can witness the price of the DOT rise to $55. As a result, DOT is an altcoin that should be bought during the bearish.”
Left (LEFT)
Next on the list of altcoins that the analyst thinks should be picked up from the bottom Left (LEFT) exists. Solana is a highly functional open source project that leverages the permissionless nature of blockchain technology to build DeFi solutions. Although the idea and initial work on the project started in 2017, Solana was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland.
“SOL has suffered a massive drop from where it was just a week ago. At that time, the altcoin was $143 per coin. It is currently trading at $104. That’s a minus 27 percent gain because that’s how the market works. This level of demand resulted in a structural break of roughly $86 to $91.”
Investors can jump into the project at these levels and wait to witness a structural break towards at least $111. According to Tom, Solana is a really solid project in the top 10 by market cap, and all in all, a pretty safe bet with a long way to go.
Theta Network (THETA)
If the last altcoin on the analyst’s list Theta Network (THETA). Theta Network is a blockchain-based network built specifically for video streaming. Launched in March 2019, Theta mainnet operates as a decentralized network where users share bandwidth and computing resources peer-to-peer.
We went down for a retest at this general level, and this is the level that takes it higher in terms of where we can aim. If you want to target all-time highs that are technically a breakout of the scale, then we can go from $2.96 to as high as $16. That’s a 434% gain, so this probably has the highest potential.
“The $3 range is the range that raises the bar for where we can aim. If you want to target all-time highs, which is technically a break in scale, we could go from $2.96 to $16. This is an increase of over 430 percent, so THETA is one of the altcoins with the highest upside potential.”
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.