Altcoins
Here are the Altcoins that could make the Top 10: What’s next?
Current market dynamics have favored altcoins that have gained popularity and attention, overtaking popular ones such as XRR or ADA. After being very close to the top 5, Cardano now fears being kicked out of the top 10. Furthermore, XRP and Dogecoin also remained within the range but did not show major movements.
That said, what is the likelihood that they will be replaced by rising altcoins like PEPE, LINK, or any other promising token?
All cryptocurrencies in the top 10 except Toncoin (TON) they slipped into a bearish position as the selling pressure is slowly increasing on them. Secondly, not all in the range are the most traded assets, as significant volume flowed into FDUSD, NOT, and PEPE. Therefore, this raises speculation about other promising tokens entering the top 10-15 places, which may be a cause for concern for some tokens.
Below are the altcoins that could reach the top 10 during the next bull wave.
- Pepper (PEPPER)
- Shiba Inu (SHIB)
- Avalanche (AVAX)
Among all the top 10 tokens, 2 cryptocurrencies recorded lower volumes in comparison, namely Toncoin and Cardano. Pepe, on the other hand, has consistently exceeded one billion volumes in recent days. Even if FLOKI has higher volume than SHIB, LINK or AVAX, it would be very difficult for it to reach the top 20 initially.
Furthermore, Shiba Inu has consolidated above the key support zone at $0.00002 for more than 45 days and hence a bullish rebound is expected. Secondly, Avalanche (AVAX) price has broken out of the ascending channel and the bulls are using all their strength to prevent the descending trend and trigger a healthy rebound. On the contrary, low volumes and low volatility are slowly increasing selling pressure on the ADA price, which is feared to exit if bulls continue to remain passive.