NEAR, AVAX, Arweave [AR], MetisDAO [METIS]: These are the altcoins to watch
The post NEAR, AVAX, Arweave [AR], MetisDAO [METIS]: These are the altcoins to watch appeared on BitcoinEthereumNews.com.
CryptoBullet forecasts that NEAR, AR, METIS, and AVAX will hit new all-time highs by 2024, driven by current market trends. Technical analysis supports a positive outlook, with increasing altcoin trading volume indicating growing investor interest. As the cryptocurrency market continues its upward trend, led by Bitcoin’s [BTC] robust performance in recent weeks, the global crypto market capitalization has reached approximately $2.5 trillion. As a result, altcoins such as Near Protocol [NEAR] and Polkadot [DOT] have demonstrated a fierce upward trend. This bullish wave has sparked optimism among investors and analysts alike. Amidst this positive momentum, CryptoBullet, a well-known crypto analyst, has forecasted that four altcoins are set to reach new all-time highs (ATH) by 2024. According to CryptoBullet, this period represents a prime opportunity for investors to engage with specific altcoins that are currently undervalued but poised for significant growth. CryptoBullet’s strategy involves leveraging the current low prices of these altcoins to capitalize on the potential explosive gains in the upcoming bull market. The key to pinpointing these promising investments lies in their performance against the Fibonacci retracement levels. CryptoBullet identifies those altcoins that have tested or surpassed the 0.618 or even the 0.786 Fibonacci levels as prime candidates for breaking their ATHs. Source: CryptoBullet/X On the other hand, the analyst disclosed altcoins that would most likely not fare well, noting, “The ones that are still between 0.382-0.236 likely won’t make it above their 2021 highs (weak coins). Examples: $DOT $AXS $FIL $ADA.” At the time of writing, DOT was the top gainer among these altcoins, with ADA coming second. Particularly, both DOT and ADA have seen an increase of 3.9% and 5%, respectively in the past day, compared to FIL and AXS 0.8% and 0.4% increase over the same period. NEAR, AR, METIS, AVAX set to surge CryptoBullet specifically…
Filed under: News - @ May 19, 2024 12:26 am