Is the cryptocurrency market stuck in the ‘calm before the storm’? What will happen when Bitcoin reclaims the $70,000 levels? Right now, there is a lot of bearish momentum! But remember, we are consolidating near all-time highs. According to analysts, we are on the verge of a breakout and time is running out. Popular analyst CryptoRus discusses 4 altcoin projects with explosive potential in his latest video.
Are altcoins preparing for a rally?
Cryptocoin.comAs you can see from , it is consolidating after a bullish move. However, some tokens that analysts expect to rally continue to attract the attention of traders and investors. Analysts in the sector predict that when Bitcoin starts its uptrend, altcoins will also start to rally. This pattern is a recurring one: whenever Bitcoin breaks new all-time highs, altcoins usually follow with a rise. The analyst has added 4 altcoin projects to CryptoRus’ watchlist.
First ranked altcoin: Tron (TRX)
Tron is gaining a lot of attention due to the large amounts of USDT (Tether) created on the blockchain. Billions of USDT have been printed recently. This usually indicates that big players, whales, are preparing to make big moves in the market. This probably means that a lot of buying is about to happen.
Leading altcoin Ethereum (ETH) is also on the list
Ethereum continues to be one of the most important cryptocurrencies. The fact that the amount of Ethereum available on exchanges has fallen to its lowest level ever is a significant development. This usually means that people are holding on to their Ethereum in anticipation of the price going up. Ethereum is also growing its ecosystem, with projects like AAVE using new technologies to expand its services.
Ethereum rival Solana (SOL) also has high potential
Solana is a strong competitor in the cryptocurrency market, especially in the field of decentralized exchanges (DEXs), where 70% of all trading takes place on Solana. It is fast and cheap to use. This also makes it popular among developers and DeFi projects. The popularity of meme coins on Solana also increases its value.
Last ranked altcoin: Avalanche (AVAX)
Avalanche is becoming a big name, especially in the gaming industry. The network is growing rapidly with millions of new addresses and hundreds of thousands of smart contracts. Like Tron, Avalanche has seen a lot of USDT minted on its platform, indicating that it has caught the attention of big investors.
The opinions and estimates in the article belong to the analyst and are definitely not investment advice. Cryptocoin.com We strongly recommend that you do your own research before investing.
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