Altcoins
Here are the Altcoins that could enter the Top 10: What’s next?
Current market dynamics have favored altcoins that have gained popularity and attention, outperforming the most popular ones like XRR or ADA. After being very close to the top 5, Cardano now fears being kicked out of the top 10. Additionally, XRP and Dogecoin also remained range-bound but did not show any huge movement.
That said, how likely is it that they will be replaced by rising altcoins like PEPE, LINK or any other promising token?
All cryptos in the top 10 other than Toncoin (TON) have slipped into a bearish position as selling pressure slowly builds on them. Second, not all assets in the lineup are the most traded assets, as significant volume has flowed into FDUSD, NOT, and PEPE. Therefore, this raises speculation that other promising tokens would enter the top 10-15 spots, which could be a matter of concern for some tokens.
Below are the altcoins that can make the top 10 during the next bullish wave.
- Pepe (PEPE)
- Shiba Inu (SHIB)
- Avalanche (AVAX)
Among the top 10 tokens, 2 cryptos recorded comparatively lower volumes, namely Toncoin and Cardano. Pepe, on the other hand, is consistently doing over a billion volumes in recent days. Although FLOKI also has higher volume than SHIB, LINK or AVAX, it would be very difficult for it to reach the top 20 initially.
Furthermore, Shiba Inu has been consolidating above the key support zone at $0.00002 for over 45 days and hence a bullish rebound is expected. Secondly, Avalanche (AVAX) stock price has broken out of the ascending channel and the bulls are using all their strength to prevent the downtrend and trigger a healthy rebound. On the contrary, low volume and low volatility are slowly increasing the selling pressure on ADA price, which is feared to disappear if the bulls continue to remain passive.
Also discover: These Memecoins could soon enter the Top 100, should PEPE, FLOKI or BONK be worried?