#MarketDownturn
Best Altcoins with Potential to Skyrocket 100% in Coming Day!!!!!
Amid the current bearish market, a few altcoins stand out with the potential for a 100% increase if a bull run begins. Despite recent declines in the cryptocurrency market, these altcoins are now trading at lower prices, making them attractive opportunities for investors.
But which ones are truly worth your investment? Let’s dive in and explore.
Top Altcoins for the Next Bull Market
Based on recent price movements and technical analysis, Solana (SOL), Dogecoin (DOGE), and Ripple’s native token XRP are the leading altcoins to consider for 2024.
Arthur Hayes, co-founder and former CEO of BitMEX, recently mentioned that an altcoin season might return once Bitcoin (BTC) and Ethereum (ETH) exceed $70,000 and $4,000, respectively.
Let look at the Predictions on this altcoins for the last semester of 2024
Hayes also predicted that Solana could rise above $250.
Also techchnical analysis shows that SOL is looking promising. It is trading above the 200 Exponential Moving Average (EMA) on a daily chart and is fluctuating between $120 and $190. Currently priced at around $145, SOL could potentially reach $190 soon. If Bitcoin and Ethereum meet their targets, SOL might even surpass its all-time high and hit $260.
Dogecoin (DOGE)
Dogecoin, the largest meme coin, is trading at a lower price and shows signs of a potential rise. It has fallen over 55% in the last three months but is currently above the 200 EMA on a weekly chart. If market conditions improve, DOGE could see a 100% increase or more. Additionally, both individual investors and whales are actively buying DOGE after its recent drop.
XRP Price
Ripple’s XRP also has strong potential for growth. Analysis shows that XRP has been consolidating within a narrow range, forming a bullish symmetrical triangle pattern on a weekly chart.
If XRP breaks out of this pattern and closes a weekly candle above $0.66, it could rise by up to 100%, potentially reaching $1.35 in the near future
