In the crypto world, some projects have a strong narrative that allows them to outperform. Factors such as FTX events, Donald Trump’s possible victory, and interest rate cuts have increased the value of some tokens. Crypto expert Sahana Vibhute shares four altcoins that have the potential to explode in the near future.
Top altcoin: Celestia (TIA)
Celestia has broken out of a bearish formation and entered an uptrend. Despite the declines in the early trading hours, the price is expected to show a healthy increase. Bullish narratives make the altcoin project an attractive investment opportunity. The chart shows that TIA is significantly shorted, increasing the possibility of a “short squeeze” with bullish news. Celestia mainnet added new features along with the Lemongrass upgrade, which positively affected the TIA price. However, analysts warn of excessive volatility.
Second place Solana (SOL)$SOL
Solana is in a period where the bulls are waiting for the right time to make a move, despite the price remaining in a range for a while. The price tested $150 on the previous trading day, creating optimism among market participants. Open Interest (OI) data provides important clues about the next step for SOL. SOL’s OI has increased significantly, and it has managed to break above the resistance zone. This increases the possibility of SOL price reclaiming $150 and making a rally towards $175.
Third place goes to Fantom (FTM)
After YFI, backed by Andre Cronje, Fantom is expected to make a big move with the Sonic upgrade. This upgrade provides an infrastructure capable of processing over 2000 transactions per second and will put Fantom on par with projects like Solana. The Fantom virtual machine is also aimed to replace the Ethereum virtual machine.
Finally, LayerZero (ZRO)
Since launch, the ZRO price has been on a rapid uptrend. Despite bouncing back from the highs, the altcoin is likely to move beyond its current all-time high. The platform is preparing to launch the lzCatalyst program to support top developers; participating funds plan to invest up to $300 million in projects that integrate LayerZero. This process offers great upside potential for the altcoin.
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I EXPLAIN IN DETAILED.
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