TLDR:
A top trader and commentator, Moustache, has predicted the biggest altseason since 2017.
Binance Coin and Shiba Inu are two top altcoins analysts have predicted a massive price increase for.
Following its 71% increase in the bear market, analysts have forecasted a surge to $1 for NuggetRush.
Moustache, a top crypto trader, has highlighted the growing USDT dominance and very bullish momentum of MACD in his latest posts. Based on these trends, Moustache has explained that the biggest altseason since 2017 is still intact. The three best altcoins to HODL in this altseason are NuggetRush, Shiba Inu, and Binance Coin.
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NuggetRush (NUGX) To Lead the 2024 Altseason With $1 Target
NuggetRush (NUGX) has been one of the standout performers in the recent crypto crash. While other top altcoins are down by double digits over the last month, the price of NuggetRush has increased by 71% since its listing on Uniswap. NUGX now trades as high as $0.0342, despite just recently being listed at only $0.020 after raising over $3.8 million in its crypto ICO.
Crypto analysts have predicted that NuggetRush will build on its current bullish performance, making it one of the best altcoins to buy in this altseason. A price target of $1.00 has been set for NUGX, as it is the native token of a project on a mission to disrupt the blockchain gaming space. NuggetRush has carved out a unique niche for itself, merging P2E gaming with meme culture, artisanal mining, and NFT staking.
NuggetRush features an immersive gaming environment, realistic mechanics, and a great reward system aimed at keeping players engaged. NUGX is, thus, ranked among the best gaming tokens to buy because of its platform. They are also encouraged to continually improve their mining operations and explore new territories in the virtual world in pursuit of the highest yields.
The rewards of NuggetRush range from trending NFTs to NUGX tokens, rare gems, cash, and even real gold. Players who find the rare RUSHGEM NFTs can convert them to physical gold assets, which will be delivered to their locations. These rewards continue attracting players to NuggetRush, solidifying the potential of NUGX to hit its price target.
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Top Trader Forecasts 400% Pirce Rally for Shiba Inu (SHIB) in May
Shiba Inu (SHIB) was one of the top bullish memecoins in March but has yielded to bearish pressure. However, there are signals that SHIB is prepared for a breakout rally in May. Firstly, Shiba Inu has formed a bull flag breakout against Bitcoin.
Also, May is historically a very bullish month for SHIB. With these events aligning for Shiba Inu, Eunice Wong, a top trader, has projected that the second leg of the SHIB rally could drive its price up by 409%. Based on his predictions, Shiba Inu could trade as high as $0.000125, making it one of the best memecoins to buy this altseason.
Binance Coin (BNB) Shows Resistance To Bear, Poised for New ATH
In the ongoing crypto crash that has lasted six months, Binance Coin (BNB) has shown remarkable strength. While the likes of Bitcoin and Ethereum are down over the last 60 days, the price of BNB has increased by 45%.
Even during the current decline, the altcoin price has consolidated in the range between $506.5 and $635. In addition, BNB has formed a bullish convergence that could lead to a breakout rally. While analysts have forecasted a rally to a new ATH, Binance Coin would need to break above the $635 resistance level.
Closing Thoughts
The recent analysis from Moustache confirms a major rally for the altcoin market in 2024. As excitement builds, NuggetRush, Binance Coin, and Shiba Inu have been picked as three of the best altcoins to invest in.
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