Recently, the surge of XRP has been very strong, driving many old mainstream coins to rise. The main reason may be that the investors in these coins have already gone through a large-scale 'washing', and now there are fewer remaining investors, making the market lighter and easier to rise. Currently, Bitcoin is testing the support level around 95,000, and according to the liquidation chart, the support around 95,000 is still quite strong. The pressure above is around 99,000. It is expected that when American institutions start trading, the price is likely to rise. Therefore, there is actually no need to worry too much about the daytime adjustments; consider entering at lower prices.
From the perspective of Bitcoin's market cap share, there may still be a bit of room for market correction, which means some altcoins still have upward potential.
The recent increase of XRP has been truly remarkable, making it the most eye-catching among old mainstream coins. Previously, due to being sued by the U.S. Securities and Exchange Commission, XRP did not perform well in the last bull market and basically 'developed stealthily' for a long time. However, it has finally welcomed a big explosion recently. Last month, it rose from a low of $0.5 to nearly $2.5 today, increasing fivefold in just one month. It is worth noting that XRP's market value is already quite large, so whether it can continue to rise still depends on whether the main force has adequately washed the plates. Once the chip distribution is good, it may continue to rise like a parabola. Once large-cap coins start to rise, they often find it hard to turn back down.
The new trend in the bull market! Get ahead with these 4 cryptocurrencies and seize the opportunity for a 100x surge!
OM
Mantra is one of the best tokens worth buying and holding. Its staking yield is nearly 30%. It also has strong momentum, soaring over 11,400% from its low in January.
On the daily chart below, the token has formed a descending wedge chart pattern. This pattern consists of two descending and converging trend lines. In most cases, it usually leads to a strong bullish breakout.
Mantra has also formed a bullish flag pattern, which consists of a vertical line and a subsequent consolidation line. Therefore, the price of Mantra is very likely to experience a strong bullish breakout and may soon leap to $10.
ATOM
Cosmos is another popular cryptocurrency worth buying and holding. On the daily chart, it is about to form a golden cross, having completed a descending wedge pattern that lasted for months a few weeks ago. The descending wedge consists of two converging trend lines and is a popular bullish reversal pattern.
As many altcoins are focusing on this year's peak, the price of ATOM could reach $14.51, about 70% higher than the current level. Cosmos also has a high yield, with a staking return rate of 20%.
DOT
Polkadot is another cryptocurrency worth buying, as it has strong momentum and a staking yield of up to 11.82%. This yield means that an investor with $10,000 will earn about $1,100 per year.
Polkadot has also formed a golden cross pattern, with the 50-day and 200-day moving averages crossing each other. It is also slightly above the 61.8% Fibonacci retracement level.
DOT is trading at the weak, stop-loss, and reversal points of the Murrey Math Lines. This means it still has more room to reach a peak of $11.91, about 27% higher than the current level.
TIA
Celestia has a leading market share in the modular data industry, currently down 65% from its historical peak.
On the daily chart, the TIA token has just broken out after consolidating for the past few months. This indicates that Celestia is about to experience a bullish breakout, potentially pushing it up to $12.46, which is the peak on April 20, about 65% higher than the current level. Celestia's staking yield is at least 10%.
