The crypto market faced some serious resistance at the tops of the last 10 months last week. As a result, the week of April 24 is spent with recovery. In this article, let’s take a look at 6 altcoins that analysts are expecting high gains for as prices are trading at local bottoms.
Altcoins to accumulate before the next bull
Ethereum (ETH)
The market’s largest altcoin has left behind a significant upgrade this month. It also continues to gain volume in the DeFi and NFT sectors. For Ethereum, as long as Bitcoin moves, it’s almost guaranteed to rise. This close correlation with BTC’s movement ensures that ETH is right behind Bitcoin with gains when the rally begins.
Litecoin (LTC)
Litecoin sometimes gets overlooked, but the coin has proven to be a good option over the years. LTC works very similarly to Bitcoin. However, it is much more economical and faster compared to the leading cryptocurrency.
However, what makes Litecoin a good buy right now is the upcoming halving date. Just like with BTC, LTC halving is a very positive development in terms of price. The halving, which is expected to take place in early August, will push the bulls’ initial target above $120.
Dogecoin (DOGE)
Dogecoin is on this list because of Elon Musk’s affinity for the meme coin. DOGE outperformed many of its major competitors thanks to Musk’s support. The rally continues this year. A potential Twitter integration could push the price to new heights.
BNB (BNB)
Binance’s native cryptocurrency was one of the most consistently performing on the market. It peaked above $700 from the two digits at the start of the last bull run. BNB is predicted to rise above $1,000 in the next bull.
Binance’s planned quarterly token burns are also working in his favor, and the value of the coin rises as the crypto exchange removes the tokens from circulation every quarter. This makes it a good choice to continue the next bull rally.
Shiba Inu (SHIB)
SHIB is currently trading around $0.0000010. What this means is that you can currently buy roughly 100,000 SHIB for $1.00. This makes Shiba the number one choice for those looking for low-priced altcoins.
Objectively, it’s hard to say that the Shiba Inu is quite liquid. However, it should be noted that it produces approximately $200 million in volume every day. On the minus side, the Shiba is completely useless and almost worthless. But that doesn’t really matter. Investors prefer high-volatility altcoins anyway.
Cardano (ADA)
Cardano is fundamentally different from the other altcoins on the list. The altcoin trades with roughly the same frequency as Dogecoin and has a similar market cap. However, it is fundamentally different from SHIB and DOGE in terms of quality. Shiba Inu and Dogecoin were built based on memes of a Shiba Inu dog. A strange phenomenon that is currently used as leverage for the exchange of values.
Cardano is building innovative Blockchain technology with the aim of advancing the field. The project is stated as one of the first projects to use a PoS mechanism.
Cardano also adheres to a peer-reviewed research process to build the Blockchain iteratively. The company behind this project uses academic research to inform its development. Over time, this approach promises to make Cardano a more viable project in the long run because of its evidence-based principles. As you follow on Kriptokoin.com, it currently finds support below $0.40 in terms of price.
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