Altcoins
Best Altcoins for 100% Profits Coming This Week!
The cryptocurrency market has shown a significant upward trend in its valuation over the past few days, with major altcoins successfully breaking above their important resistance levels, highlighting increased buying-selling pressure in the crypto space.
However, in recent weeks, mid- and small-cap altcoins have added massive valuations to their respective portfolios, with few altcoins outperforming major altcoins. This highlights a shift in investors towards these tokens to maximize their short-term profits.
In this article, we have covered the top four altcoins that can register a 100% rally over the next week.
Bow Lock (ABT):
Based on the Ethereum contract, Arcblock functions as an ERC-20 token. Additionally, Arcblock is a platform used to build and deploy decentralized web applications. It comes as an entire certified blockchain 3.0 product platform to easily build, deploy and manage apps.
TradingView: ABT/USDT
The ABT token has gained around 5% in the last day and 36.98% in the last seven days. Furthermore, with a market capitalization of $415.44 million, ABT’s price has added 1,828.66% to its portfolio since the beginning of the year.
Furthermore, the 50/200 day EMA and MACD technical indicators show strong bullish price action on the 1D time frame, suggesting a positive outlook for this token in the coming period.
If the bulls continue to gain momentum, Arcblock price will prepare to test its $5.50 upper resistance level by the end of the month. However, a bearish trend reversal could push the ABT coin price towards the lower support level of $2.95.
Financial Cream (CREMA):
Cream Finance is a decentralized lending (DeFi) protocol for individuals, institutions and protocols to access financial services. The CREAM project is also part of The Yearn financial ecosystem. It is an open source permissionless blockchain that serves users on Ethereum, Binance Smart Chain, Polygon, and Fantom.
TradingView: CREAM/USDT
At the time of writing, the CREAM token price was 58.91 with a market capitalization of $106.88 million. Furthermore, it has a circulating supply of 1,855,659 CREAM tokens and a total supply of 2,924,546 CREAM tokens.
The Moving Average Convergence Divergence (MACD) shows a significant increase in the green histogram, highlighting an increase in buying pressure in the cryptocurrency market. Furthermore, the averages show bullish price sentiment, suggesting that the price will continue to gain value in the coming times.
If the cryptocurrency market regains momentum, the bulls will prepare to test its $80 upper resistance level in the coming period. However, a bearish reversal could push the price towards the lower support level of $47.75 this month.
Drift (DRIFT):
Built on the Solana chain, the Drift project is completely an on-chain perpetual and spot DEX. It offers its users the ability to trade pre-launch markets and launched tokens with up to 10X leverage.
DRIFT price increased by around 15% in the last day and 257.13% in the last seven days. Furthermore, it has jumped over 260% since its inception, indicating a strong bullish outlook for the altcoin in the coming times.
At the time of writing, the Drift token had a trading value of $0.3573 and a market capitalization of $59.67 million. Furthermore, it has a circulating supply of 167 million Drift tokens and a total supply of 1 billion tokens.
Solchat (CHAT):
Solchat (CHAT) is a Solana-based communication protocol mainly used to enhance your conversations. It offers text, voice and video calls similar to Web2 but in a Web3 environment.
It has attracted market attention due to low gas rates and encrypted, peer-to-peer audio and video calls via WebRTC to maximize security.
CHAT price has jumped 30.31% in the past day and 48.54% in the past seven days, indicating a positive outlook for the altcoin in the near future.
Conclusion:
The cryptocurrency market has regained momentum and continues to trade with a positive outlook, suggesting this is a good entry point for new traders and investors into the crypto space.
Investing in cryptocurrency is highly risky as the market is highly volatile, make sure you do your research before investing in any digital asset.
Note: This article is not subject to financial advice in any way. The tokens selected are based on their past performance and market sentiments and are not for promotional purposes.