Altcoins
3 Best Altcoins Smart Money to Buy This Weekend
Bitcoin is closing the week in the red with top altcoins like Ethereum (ETH), ZKsync (ZK), XRP, Dogecoin (DOGE) and more. A bullish outcome seemed possible earlier, potentially supported by the PCE in the United States data.
However, it is likely that the bears will prevail, which could trigger a sell-off. Nevertheless, in this bearish mess, opportunities are hiding in plain sight.
Investors must successfully navigate the challenge of sifting through the noise to land on the gems with potential. On the bright side, the team CoinGap often makes a list of the best altcoins to buy which can serve as a starting point for investors. Further research into these projects is needed to ensure that money is invested prudently.
1. Best altcoins to buy: Dogecoin
Although signs of a recovery have yet to fully manifest, Dogecoin price is holding above multi-month support and forming a reversal pattern, indicating significant rebound potential.
During the June market correction, the Dogecoin Price saw a significant decline from a high of $0.165 to a low of $0.113, a loss of 31.6%. Despite this slowdown, the daily chart reveals the formation of a well-known bullish continuation flag pattern.
Dogecoin Price Chart
Under the influence of this pattern, the coin price is actively resonating within two trendlines, trying to regain momentum for the dominant trends in accordance with the theory. Dogecoin price is currently trading at $0.127 with an intraday gain of 0.22%, while the market capitalization stands at $18.4 billion.
With a sense of relief in the cryptocurrency market, the DOGE The price attempts to break through the immediate resistance at $0.129, coinciding with the close of the 200D EMA. A successful breakout could send the asset up 10% before challenging the key downside resistance of the flag pattern.
2.XRP
XRP holders are optimistic that the token held up by a long-running lawsuit between Ripple, the issuing company, and the Securities and Exchange Commission (SEC), could eventually explode toward a new relief reaching $10.
The case, filed in December 2020, finally reached the trial stage, with the SEC reducing its initial penalty proposal from $2 billion to $102.6 million. Ripple’s lawyers had proposed $10 million, just under 10% of the regulator’s new figure.
For investors, an XRP ETF would give the token more legitimacy as a cryptocurrency, on par with Bitcoin and Ethereum. VanEck has filed an application Solana Exchange Traded Fund (ETF) Thursday, raising the stakes for larger altcoins including XRP, Cardano and Dogecoin.
XRP Price Chart | Business View
XRP’s rebound to $10 would depend on overall market sentiment, increased demand, and investors’ fear of missing out. It may also take longer to achieve this incredible feat.
XRP’s rally is likely to accelerate as the Relative Strength Index (RSI) rebounds from the oversold region. Traders would confirm the bullish trend after the RSI breaks above the descending trendline and the price climbs above the $0.5 resistance.
3. GameStop
GME Token rose 26% over the past week, driven by momentum in meme-driven cryptocurrency markets. The token is oscillating between $0.0066 and $0.0093, showing bullish trends.
From a monthly perspective, GameStop soared over 85%, peaking at an all-time high of $0.03207 on June 7. After a brief decline, it is now on the path to recovery. This resurgence coincides with the return of Roaring kittenalso known as Keith Gill, early May.
His influence has played a significant role in the token’s recent performance, alongside the spectacular surge in GameStop’s shares, which nearly doubled in pre-market trading following his activity.
GameStop Price Prediction
GME is poised to break through the resistance at $0.0084 if the current uptrend persists. Such a move could push its value towards the $0.01 mark. A further increase could bring it to $0.1 soon, or even to $1 during a subsequent bullish cycle.
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