Bitcoin continues to reach historical highs, and we previously mentioned that it might reach around 120,000 or 130,000 this month, so for the market, as long as the major coin doesn't drop significantly, confidence will remain.
There has been a slight adjustment in altcoins over the past couple of days, but after the adjustment, they will continue to rebound. In this case, it is not advisable to chase high-priced coins, but rather to look at strong coins that have adjusted for a month or have fallen sharply, as there are great opportunities.
The previous performance of altcoins did not give us the feeling of a 'bull market', we still need to wait for a big breakout.
Three major altcoins expected to explode with 10x potential in the future!
APE
ApeCoin maintains a stable development momentum, bringing significant growth to investors. ApeCoin aims to support decentralized community building in web3, allowing holders to participate in governance through ApeCoin DAO. The decision-making on the use of the ecosystem fund is implemented by the APE Foundation, ensuring community-driven growth.
As of the time of writing, ApeCoin's trading price is $1.57, with a 24-hour trading volume of $278.98 million, a market cap of $1.18 billion, and a market share of 0.03%. In the past day, the APE price increased by 2.31%. Although the market remains neutral, the fear and greed index is currently at 83, indicating that investors are extremely greedy.
From a technical perspective, ApeCoin's trading price is 40.14% higher than the 200-day simple moving average (SMA) of $1.12. The 14-day relative strength index (RSI) is 40.02, indicating a neutral zone, suggesting that the token may consolidate in the short term.
In addition, ApeCoin recorded 21 days of increases in the past month, reflecting its price stability and relatively high liquidity concerning its market capitalization. Given its performance and market behavior, ApeCoin remains one of the most worthwhile cryptocurrencies to buy at the moment.
IMX
IMX is a layer-two solution based on Ethereum, aimed at addressing Ethereum's scalability issues. The current price of IMX is $1.81, with a market cap of $3.06 billion. The strong performance over the past 30 days has laid the foundation for further gains, with the token expected to rise to $2.50, an increase of up to 39.7%. IMX's liquidity and market participation are very high, and it may continue to rise in the coming months, worth watching.
WIF
WIF's performance is also very strong, with a current price of $2.76, rising 1.7% in the past 24 hours. Although there have been some pullbacks in recent weeks, WIF's annual return rate is as high as 4030%, indicating that its long-term momentum remains strong. Considering its huge market potential, WIF's price may further rise to $4.80 in the future, worth attention from long-term investors.
