The crypto market is showing bullish trends this week. Analysts are turning their focus to altcoins poised to outperform Bitcoin in 2024. Crypto analyst with the pseudonym CryptoBulle says that now is the best time to invest in certain altcoins that are at their lowest levels and are expected to reach new all-time highs soon. In this context, the analyst expects explosive movements for 4 altcoins.
A method for detecting explosive altcoins!
cryptokoin.comAs you follow from , the crypto market is on the rise after moderate US inflation data. However, with exceptions, altcoins have not yet made explosive moves. The analyst, pseudonymous CryptoBulle, suggests that buying some of his chosen altcoin projects at their current low prices will lead to explosive gains during the upcoming bull market. According to the analyst, the key to identifying these promising altcoins lies in their performance against Fibonacci retracement levels.
CryptoBulle is trying to determine which altcoins are most likely to break their ATH. In this context, he suggests drawing the Fibonacci retracement from the top to the bottom of recent price movements. Those that have already tested the 0.618 Fib level, or even the 0.786 level, are considered strong candidates for new ATHs. According to the analyst, the current bullish trend in the market, combined with strategic investments in these altcoins, positions investors to potentially reap significant rewards.
4 altcoins that are candidates to make ATH
NEAR Protocol (NEAR): We know this altcoin project for its scalability and user-friendly features. NEAR demonstrates resilience and potential for significant growth. The token price dropped to $2.45 on January 23 before rising to $9 by March 15, an increase of 265%. It later dropped 20% to settle around $7.3. Currently, Near is trading at $8.08, down 0.8% in the last 24 hours. Meanwhile, the altcoin project has a market cap of $8.70 billion.
Arweave (AR): Storage token Arweave has experienced significant gains in a strong rally. During this period, AR price approached $46.5. However, Arweave’s value is rising due to the new, faster and more efficient Blockchain “Arweave AO”. This positive trend is also reflected in the Fear and Greed Index, which has a value of 57 (Greed).
MetisDAO (METIS): Metis is this Layer 2 solution developed for Ethereum. The project stands out with its ability to increase scalability and reduce transaction costs. Metis, which has a market value of $326 million, is trading at $57.73, down 1.4%.
Avalanche (AVAX): Avalanche is a layer blockchain for decentralized applications and private networks. With this position, it emerges as a strong rival of the leading altcoin Ethereum. Similarly, Arweave is also strengthening its position against Ethereum with the launch of Arweave AO, a new, faster and more efficient Blockchain.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!