The Ethereum turmoil is perhaps the start of the long-awaited altcoin season. The largest altcoin has gained more than 14% in the last five days. The belief in an imminent alt season is supported by the fact that Bitcoin’s market dominance has reached a significant resistance level of around 48%. Analysts pick the top runners up next.
On the radar for bull run gupcoming altcoin projects
cryptocoin.comAs you follow, Bitcoin price reached a new year high of $31,000 for the first time in nine months. The massive recovery that began in early 2023 is approaching some significant levels. Meanwhile, some altcoins are exhibiting acute bullish momentum. According to the crypto analyst nicknamed Altcoin Sherpa, some altcoins are like stablecoins, while others are on the verge of a significant rise.
Chainlink (LINK)
Speaking in a YouTube video, Altcoin Sherpa states that the decentralized oracle network Chainlink (LINK) could rise as much as 300% from its current price range of $7.61. The analyst believes that LINK, which has consolidated in the same range over the past year, is about to explode at any moment. In this context, the analyst says:
I strongly believe that LINK is actually in accumulation mode. I think this will continue for a while. And it looks really good, but it will be a huge opportunity cost for your money if you are holding LINK. And there is nothing wrong with that. It is almost guaranteed that it will increase 2-3 times when it starts to move…
Dogecoin (DOGE)
The other bullish altcoin pointed out by the analyst is Dogecoin (DOGE), the top meme coin and the ninth largest digital asset by market cap. The analyst insists that Dogecoin awaits Billionaire Elon Musk’s moves and tweets to send it to the moon. In this regard, he notes:
If you look at DOGE’s old price history, it’s absolutely insane where you see these long wicks, these long big moves, and the full reversal. It is almost inevitable that this will increase 2-3 times.
Cosmos (ATOM)
The analyst says that ATOM price has already reached higher timeframes and may continue to float around. Therefore, he believes that the price may continue to consolidate as there is not much volatility being witnessed at the moment. Altcoin Sherpa expresses his views on this matter as follows:
The higher timeframes of ATOM I think this looks pretty good, the EMAs all reset at 1D and the price continues to drop. However, I don’t see any reason to buy this for active traders. Not much volatility or strength relative to the rest of the market.
Left (LEFT)
Talking more about Solana, the analyst believes that the price has reached important levels and therefore may face a temporary pullback. However, the drop is expected to attract more liquidity which could ignite a decent uptrend later on. From this point of view, the analyst makes the following assessment:
LEFT: An interesting level here; I am not a buyer. S/R horizontal resistance area + 200d EMA, I expect a short pullback to cluster EMA around $22. This is buying a bottom case though IMO.
Arbitrum (ARB)
Heading towards Arbiturm, Altcoin Sherpa sees great possibilities for it to rise above $2 in the coming days. ARB price is showing enough strength despite having experienced a notable pullback recently. Therefore, to experience a significant breakout, the altcoin needs to clear the upper barriers and form a bullish path towards its target. The analyst points out the following levels for the altcoin:
I bought the ARB for $1.25, sold for $1.38, or should have stayed that way. I still think there is more juice left in the tank for this. Send for $2+ using these Fib extensions.
The best crypto for the next bull run!
Ben Armstrong, commonly known as “BitBoy”, explained that XRP is the best altcoin choice for the next bull run, and he gave several reasons. BitBoy’s rationale is based on speculation that the legal battle between the US SEC and Ripple will likely end soon. BitBoy announced his decision in a YouTube video he shared on his Twitter account today. He says XRP is the only altcoin he’s totally sure of as the crypto markets head towards the next bull run.
In the video, the leading influencer, Ripple Vs. He states that he is confident the SEC case could end at any time as the trial schedule closes. He predicts it will end in June or July, based solely on his personal opinion, but states that Judge Torres could make a decision at any time.
BitBoy also notes that the projected work of XRP depends on whether Ripple wins the case either through a settlement or a direct win. However, he says he would prefer a settlement as it would remove the SEC’s chances of appeal. He states that his appeal will further increase the legal pressure on XRP.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.