Bitcoin
Top Altcoins to Accumulate as Bitcoin Price Starts a New High!
The cryptocurrency market has experienced a new rally in recent hours following growing speculation about the Ethereum ETF. Furthermore, the market leader, BTC PriceIt successfully recovered the $72,000 mark, resulting in important tokens registering an upward price movement.
Curious to know which altcoin will outperform in the near future? Or confused about which altcoin to stack ahead of Bullrun?
Let’s take a deeper look as in this article we cover the top five altcoins that have the potential to record significant gains as the price of Bitcoin begins a new rally.
Pepê (PEPE):
The Pepe token registered a 17.85% jump in the last day, becoming the biggest gainer among the top memecoins from the previous day. Positively, the PEPE Price recorded a turnover of US$2.26 billion (+182.03%). Furthermore, it is up 754% this year and is less than 5% away from its ATH.
TradingView: PEPE/USDT
The technical indicator, MACD, displays a steady green histogram on the 1D timeframe, indicating increasing bullish influence in the crypto space. Furthermore, the 50/200-day Cross EMA supports the price chart, indicating bullish power in the crypto market.
If the bulls continue to gain momentum, Pepe price will prepare to test the $0.0000120 mark, surpassing its previous all-time high. On the other hand, a downtrend reversal could pull the price towards the $0.00000785 support during the next few weeks.
PUPPIES (ORDINALS) (DOGS):
Powered by the Ordinals BRC-20 contract, PUPS (ORDINALS) first appeared on the crypto market in March 2024 following the growing enthusiasm for Bitcoin and BRC-20-based tokens.
TradingView: PUPS/USDT
Despite registering a correction of 58.67% in the last 30 days, the PUPS price regained momentum and added approximately 10% in the last day and 32.90% in the last seven days, indicating an increase in bullish influence for the Ordinals tokens in the crypto space.
If the bulls regain momentum, the PUPS token will prepare to test its $21.50 resistance level this month. However, weak bullish sentiment could see the altcoin retest its $13.50 support level in the near future.
Arc Block (ABT):
Built on the Ethereum chain with the intention of simplifying the process of deploying and designing decentralized blockchain applications, the Arcblock token has seen significant price action since the start of the year.
Furthermore, it is a solution that combines blockchain technology with cloud computing. Its native token “ABT” is an ERC-20 token that functions as payment in the Arcblock ecosystem.
TradingView: ABT/USDT
Positively, ABT price has increased by 9.89% in the last day and 103.67% in the last 30 days. Additionally, it has a YTD (YTD) return of 2,004.80%, highlighting a strong bullish outlook for this Artificial Intelligence (AI) token during the upcoming rally.
If the market continues to gain momentum, the bulls will prepare to test its upper resistance level of $5.50 at the end of next month. However, if a trend reversal occurs, Arcblock price will dive towards its lower support level of $2.95 in the coming time.
Artrade (ATR):
Built on the Solana contract, Artrade made its first appearance on the crypto market in April 2022. A complete art platform secured by blockchain technology, it is the first real-world asset (RWA) marketplace.
In order to help creators sell their work for a fair price, with the right connection and within the community, the ATR token is the native token of the Artrade system.
TradingView: ATR/USDT
With a trading price of $0.02734 and a market cap of $42.34 million, ATR’s price has risen 2,123% this year alone, making it one of the best-performing tokens in its respective category.
If the market holds the price above the $0.02625 support level, the bulls will prepare to move towards its upper resistance level of $0.03550 during the coming weeks. Negatively, a trend reversal could pull the price towards its crucial level of $0.02175 this month.
Bitcoin Cash (BCH):
O BCH Price followed in the footsteps of the market leader and recorded similar price action. The Bitcoin Cash (BCH) token is highly influenced by the price of BTC, which makes it known for recording similar price sentiment.
TradingView: BCH/USDT
The MACD shows a steady increase in the 1D period with its averages displaying a bullish pattern, indicating an increase in buying pressure over selling in the crypto market.
If the market pushes the price above the $529 level, the bulls will prepare to test its upper high of $650 in the coming times. On the other hand, a bearish setback could see the price test its low of $447.
Conclusion:
With the price of Bitcoin (BTC) reaching $72,000 and increasing speculation for the approval of the Ethereum ETF by the Securities And Exchange Commission (SEC), the crypto market has experienced a new rally, indicating a positive outlook during the coming times.
Investing in cryptocurrencies is highly risky as uncertainty in the crypto space has reached a new high. Make sure to “DYOR” before investing in any digital asset.
Observation: This article is not intended as financial advice and is written for research purposes only. Additionally, the tokens selected for this article are chosen based on their market history and social sentiments and are not subject to promotion in any way.
Also check out: Bitcoin, Ethereum and XRP Price Forecast: Bullish on the Horizon?