The post Must Buy Ethereum-based Tokens This 2024! appeared on BitcoinEthereumNews.com.

The altcoin leader, Ethereum price continues hovering close to its $2,500 level, indicating weak buying and selling pressure for this crypto token in the market. Notably, it is presently trading with a price tag of $2,584.36 and has a market cap of approximately $305 Billion. On the other hand, lesser-known ETH-based altcoins have gained significant momentum over the past few days with some recording a surge in three-digit. With the current market trend, is this the right time to stack altcoins? Scroll down as, in this article, we have covered the market sentiments, price action, and possible short-lived price targets of the top 3 Ethereum-based altcoins that have the potential to record a massive upside in their respective portfolios during the coming time. SuperRare (RARE) Price Action Despite increased bearish sentiment in the crypto space, the SuperRare price has recorded a surge of 77.89% within the past day with a trading volume of $579.54 Million. Moreover, it has surged over 250% within the past week and has a YTD return of 108.29%. TradingView: RARE/USDT The Moving Average Convergence Divergence (MACD) continues displaying a flatline in its 1W time frame with its averages recording a similar action. Further, the SMA indicator records a potential bullish crossover, indicating a mixed sentiment for the SuperRare price. Suppose, the RARE price surpasses its resistance level of $0.2575, in that case, it will prepare to test its high of $0.4675. However, if the bears regain momentum, this altcoin will retest its crucial support level of $0.050 in the coming time. Altlayer (ALT) Price Action After trading under a bearish sentiment for a brief period, the Altlayer price has successfully recorded a bullish recovery by adding 6.82% within the past day and 8.63% over the past week. Further, with a market cap of just over $217…

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Filed under: News - @ August 18, 2024 5:38 am