Altcoins
Will This $80 Million Altcoin Be The Next 100X Gem?
With increasing price volatility in the cryptocurrency market, mid-cap and small-cap altcoins have regained momentum and added massive valuations to their respective portfolios, with many altcoins hinting at a huge rally.
In this article, we will discover an altcoin that has a market cap of less than $100 million and has a strong potential to become the next 100X gem of this rally.
Built on the Osmosis Chain, XPLA is a Layer 1 (L1) blockchain that serves as a hub for modern media content. Additionally, XPLA is a collaborative blockchain where expert partners in technology, security, and content share the platform to contribute their skills.
Are you planning to become an early investor in this altcoin but are worried about its prospects? Fear not and scroll down because in this article, we have covered the market sentiment and price analysis of the XPLA crypto token.
XPLA price shows increased bullish action:
This altcoin added 15.46% to its portfolio in the last day with a trading volume of $13.47 million. Moreover, it has surged 47.96% in the last seven days and 26.73% in the last 30 days, highlighting a long-term bullish sentiment.
TradingView: XPLA/USDT
With a trading price of $0.131, a circulating supply of 613,335,534 XPLA tokens, and a maximum supply of 2 billion XPLA tokens, it secured the 441st position in the global cryptocurrency list with a market capitalization of $80.38 million.
The Moving Average Convergence Divergence (MACD) has been steadily increasing in its green histogram, highlighting increased buying pressure in the crypto space. Moreover, the averages are showing a bullish trend, suggesting that the XPLA coin price will continue to gain value.
The technical indicator, RSI, has crossed its overbought zone on the 1D time frame, with its average trendline heading towards its midpoint. This highlights a positive outlook for XPLA price in the times ahead.
How high will the price of XPLA go?
If the market sustains XPLA price above its support level of $0.128, the bulls will prepare to test its resistance level of $0.178550. Sustaining the price at this level will pave the way for this altcoin to head towards its higher high of $0.2360.
Conversely, if a trend reversal occurs, XPLA price will lose momentum and start moving under a bearish influence. This could lead XPLA price to retest its low of $0.079225 in the coming time.