Altcoins
Best Altcoins to Stack as Bitcoin Price Launches New Rally!
The cryptocurrency market has seen another rally over the past few hours, following growing speculation on the Ethereum ETF. In addition, the market leader, BTC Pricemanaged to reclaim the $72,000 mark, which allowed major tokens to register a bullish price movement.
Curious to know which altcoin will outperform in the coming times? Or you don’t know which altcoin to stack before the Bullrun?
Let’s take a closer look as, in this article, we have covered the top five altcoins that have the potential to see significant gains as the Bitcoin price has initiated a new bullish rally.
Pepe (PEPE):
The Pepe token recorded a 17.85% jump over the past day, making it the first gainer among the top memecoins of the past day. Positively, the PEPE Price saw a trading volume of $2.26 billion (+182.03%). Additionally, it has surged 754% this year and is within 5% of its ATH.
TradingView: PEPE/USDT
The technical indicator, MACD, is displaying a consistent green histogram on the 1D timeframe, indicating increased bullish influence in the crypto space. Additionally, 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 by surpassing its previous all-time high. Conversely, a downtrend reversal could pull the price towards its $0.00000785 support over the coming weeks.
PUPPIES (ORDINAL) (PUPPIES):
Powered by the Ordinals BRC-20 contract, PUPS (ORDINALS) first appeared in the crypto market in March 2024 following the growing hype of Bitcoin and BRC-20-based tokens.
TradingView: PUPS/USDT
Despite a 58.67% correction over the past 30 days, PUPS price regained momentum and added around 10% over the past day and 32.90% over the past seven days, indicating an increase of the bullish influence of Ordinals tokens over the last 30 days. cryptographic space.
If the bulls regain momentum, the PUPS token will prepare to test its resistance level of $21.50 this month. However, weak bullish sentiment could lead the altcoin to retest its $13.50 support level in the coming times.
Arc block (ABT):
Built on the Ethereum chain with the aim of simplifying the process of deploying and building decentralized blockchain applications, the Arcblock token has shown significant price action since the start of the year.
Additionally, it is a solution that combines blockchain technology and cloud computing. Its native token “ABT” is an ERC-20 token that functions as a payment in the Arcblock ecosystem.
Trading view: ABT/USDT
Positively, ABT price increased by 9.89% over the past day and 103.67% over the past 30 days. Additionally, it has a year-to-date yield (YTD) of 2,004.80%, highlighting strong bullish prospects for this artificial intelligence (AI) token during the next bull rally.
If the market continues to gain momentum, bulls will prepare to test its upper resistance level of $5.50 by the end of the month. However, if a trend reversal occurs, Arcblock price will plunge towards its lower support level of $2.95 in the coming times.
Artrade (ATR):
Built on the Solana contract, Artrade made its first appearance in the crypto market in April 2022. An all-in-one art platform secured by blockchain technology, it is the first Real World Assets marketplace (RWA).
With the aim of helping creators sell their work at 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, the price of ATR has surged 2,123% this year alone, making it one of the best performing tokens of its respective category.
If the market sustains the price above the $0.02625 support level, the bulls will prepare to climb towards its higher resistance level of $0.03550 over the coming weeks. Negatively, a trend reversal could pull the price towards its crucial level of $0.02175 this month.
Bitcoin Cash (BCH):
THE BCH Price followed in the footsteps of the market leader and recorded a similar price development. The Bitcoin Cash (BCH) token is heavily influenced by the price of BTC, allowing it to be known for registering similar price sentiment.
TradingView: BCH/USDT
The MACD shows a steady increase over the 1D timeframe, with its averages displaying an uptrend, indicating an increase in buying-on-selling pressure in the crypto market.
If the market pushes the price above the $529 level, the bulls will prepare to test its high of $650 in the coming times. Conversely, a bearish setback could lead the price to test its low of $447.
Conclusion:
With the price of Bitcoin (BTC) reaching $72,000 and growing speculation over the approval of the Ethereum ETF by the Securities And Exchange Commission (SEC), the crypto market has seen another bullish rally, indicating prospects positive for the coming period.
Investing in cryptocurrencies is very risky as uncertainty in the crypto space has reached a new high. Be sure to “DYOR” before investing in any digital asset.
Note: This article is not intended as financial advice and was written for research purposes only. Additionally, the tokens selected for this article are chosen based on their historical market and social sentiments and are not subject to any promotion.
Also discover: Bitcoin, Ethereum and XRP Price Prediction: Bullish Rally on the Horizon?