Boost Your Portfolio With 3 Altcoin Gems Set for a 50x Surge
Big-name cryptocurrencies often grab the spotlight, but smaller coins may soon take center stage. Some low-cap cryptos are poised for remarkable growth, making them ones to watch closely. This article explores which of these under-the-radar tokens could see significant gains and become the next big thing in the market. Read on to discover the potential hidden gems.
Pyth Network Struggles: Bears Dominate, Bulls Nowhere to Be Seen
The Pyth Network (PYTH) cryptocurrency is struggling, with its current price hovering between $0.28 and $0.34. Bearish trends dominate, and recent price drops of over 16% in a week and 23% in a month show the weakness of bulls. The closest resistance level stands at $0.37 while strong support is found at $0.25. For a potential growth scenario, breaking past $0.37 could push PYTH towards $0.43, representing a rise of about 20%. However, the current RSI and MACD indicators reflect ongoing bearish pressure, suggesting more challenges ahead before any significant rebound.
Uniswap (UNI) Struggles Amid Bearish Trend: Will Bulls Rally Soon?
Uniswap’s price moves between $6.04 and $7.22, indicating a bearish trend. The coin has dropped around 13% in the past week and over 15% in a month. With the RSI at nearly 69, bulls show some strength but face resistance at $7.81. If they break this, UNI might rise to $8.99, a potential 48% increase from its lower range. However, a slide to the support level at $5.45 or even $4.27 could continue the current downtrend. Potential growth depends on breaking key resistance levels in the coming days.
Jupiter (JUP) Struggles Amid Weak Bullish Momentum
Jupiter (JUP) currently sits between $0.77 and $0.98, showing signs of weak bullish momentum as the price recently dropped by 15% in a week and over 25% in a month. The coin is facing resistance at $1.06 and support at $0.65. With its 10-day and 100-day moving averages close to the current price, JUP shows limited upward potential. RSI and Stochastic values suggest bearish conditions, but a breakout above $1.06 could push the price towards the next resistance at $1.27, a potential rise of around 32%. However, breaking below $0.65 increases the risk of falling to the second support level at $0.45.
Conclusion
During the bull run of 2024, the focus shifts to promising low-cap cryptos. Zilliqa shows strong potential with innovative solutions. VeChain stands out for its unique use-case in supply chain management. Elrond offers impressive tech aimed at speed and efficiency. Hedera Hashgraph shines with a different approach to blockchain technology. Band Protocol excels in providing reliable data for smart contracts. These coins are expected to see significant growth as interest rises.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Credit: Source link
