The crypto market suffered serious losses as Bitcoin lost its important support at the $70,000 level. However, despite this setback, investors anticipate bullish catalysts such as the halving event to come. However, despite the current market conditions, a few altcoins continue to attract attention in terms of their performance in the coming week. In this context, crypto expert Justinas Baltrusaitis shares three altcoins worth watching.
First ranked altcoin: Toncoin (TON)
cryptokoin.comAs you follow from , Toncoin has attracted attention in recent weeks. TON recorded a 25% gain in the weekly time frame. In the process, it has become one of the largest cryptocurrencies. The altcoin surpassed Cardano to peak at $7.63 on April 11. The future performance of the token raises curiosity as to whether it will continue to trend upwards despite the overall market decline.
TON investors will focus on fundamentals such as the collaboration between The Open Network and biometrics company HumanCode AI. The company launched a $5 million incentive program. Thus, he gifted a palm-scanning system to people who wanted to register on TON. Additionally, The Open Network’s Foundation distributed 300,000 TONS to meme coin investors on platforms like DeDust and Ston.fi. These developments will be interesting to observe the impact on TON.
In second place is the original meme coin Dogecoin (DOGE)
Dogecoin is leading the decline among other meme crypto coins as Bitcoin prices fall. The correction in the value of Bitcoin will be the main agenda of investors next week. It is possible that this situation will encourage investors to purchase Dogecoin. However, it is also possible that increased selling pressure will lower the altcoin price. Therefore, further declines remain on the table. Dogecoin aims to regain its position in the meme coin industry. Because, last week, DOG and DEGEN surpassed Dogecoin in terms of the number of traders.
Meanwhile, Dogecoin price remains above a key support level at $0.15. This support threshold presents a significant buying opportunity. It is also possible that it could be a launchpad for DOGE’s upward momentum. Monitoring Dogecoin’s short-term price movements is crucial as the token could be sensitive to increased volatility. This volatility is further manifested by the increase in whale transactions involving DOGE. For example, Whale Alert uncovered three significant transactions involving 150 million, 100 million and 74 million DOGE. Two of these transactions are withdrawals from Robinhood. The smallest amount was a deposit to the trading platform.
Last ranked altcoin: Ripple (XRP)
Short-term selling of XRP is impacting its momentum towards the $1 level by reducing its price. While its price was above the previous support zone at $0.60, it now faces the threat of further declines unless it breaks the important support level at $0.50. The focus next week will be on whether XRP can stop further losses given that it has moved away from market sentiment.
Crypto analyst Egrag Crypto highlights the delicate balance between bears and bulls in his technical analysis of XRP. The analyst highlights the bulls’ ability to pull XRP out of its current unstable situation. At the same time, investors are also following the developments of the legal battle between Ripple and the SEC. This case has the potential to profoundly impact the future trajectory of XRP and market sentiment. Currently, XRP is trading at $0.545, losing almost 9% in daily trading.
The opinions and predictions in the article belong to experts and analysts and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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