Altcoins
How to Invest in Altcoins During the 2024 Bull Market and Ethereum ETF Boom?
The cryptocurrency market is in a period of relative calm, teetering on the brink of a significant bull run. Altcoins, while still accessible to new investors, are starting to see an upward trend, suggesting they may be on the verge of explosive growth.
This intriguing scenario sets the stage for investors looking to capitalize on the next wave of profits. With the upcoming launch of the Ethereum ETF adding another layer of excitement, now is a critical time to evaluate the most promising altcoins.
This article delves into altcoins poised to post substantial gains, aiming to guide investors in making strategic decisions in this dynamic and potentially lucrative environment.
Read also: WIF 🔥: Top 5 Cryptocurrencies to Invest in Now!
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NEAR Protocol Price Surge Signals Bullish Potential
NEAR Protocol (NEAR) is currently trading around $6.77, showing strong resilience. The bulls seem impatient, with the price of NEAR recently jumping nearly 16% in just one week.
This bullish sentiment is reflected in its steady 135.85% increase over the past six months. NEAR is hovering just below its nearest resistance at $7.20, with the potential to reach $8.33 if the momentum continues.
Breaking above these levels could trigger further gains of 25% or more. Current data suggests that NEAR is poised for growth, making it an intriguing pick for the upcoming bull run and altcoin season.
Render (RNDR) Rises Amid Bitcoin’s Decline, Signaling Solid Uptrend
Render (RNDR) has shown remarkable strength, even with a decline in Bitcoin prices. The coin’s price action suggests that the bulls are still powerful, with RNDR recently showing a remarkable rise.
Currently, RNDR has been in a favorable range, indicating a possible continued growth. Experts see the coin’s potential to rally by an impressive percentage if it manages to break its nearest resistance level. With patterns reminiscent of the 2021 bull run, RNDR could rise to double digits in percentage terms if the bullish momentum continues.
Optimism remains high for the altcoin season, with RNDR leading the way.
Cardano Price Gains Momentum, Target Is $0.52 Mark
Cardano (ADA) is showing signs of strength with its price hovering between $0.42 and $0.46. Over the past month, ADA has increased by over 16%, bringing renewed optimism.
Bulls are challenging the nearest resistance at $0.48, aiming for the next target at $0.52, which would mark impressive gains. With the 10-day moving average around $0.44 and the RSI at 53.24, momentum is increasing.
If the uptrend continues, ADA could surge by nearly 13% from its current range to hit $0.52, signaling a potential start of the altcoin season.
ZK Bulls Ready For A Turnaround Despite Recent Drop
zkSync (ZK) is currently trading between $0.17 and $0.21, showing promising signs amid the market crashes. The price has recently bounced around its 10-day simple moving average of $0.19 and 100-day SMA of $0.18.
The bulls seem to be regaining strength, with a 14.82% increase in the past week and an impressive 100.63% increase in the past six months. If the momentum continues, ZK could push above the nearest resistance level of $0.23 and potentially reach $0.27, marking a 35% increase from current levels.
With the RSI near neutral at 49.25 and other indicators starting to turn positive, ZK could be setting the stage for significant growth.
Conclusion
As NEAR, RNDR, ADA and ZK show less potential in the short term, the focus shifts to CYBRO.
This technologically advanced DeFi platform offers unprecedented opportunities. Investors can maximize their earnings using AI-powered yield aggregation on the Blast blockchain. CYBRO offers lucrative staking rewards, exclusive airdrops, and cashback on purchases. The user experience is enhanced by seamless deposits and withdrawals.
By highlighting transparency, compliance and quality, CYBRO stands out. With strong interest from crypto whales and influencers, it seems like a very promising project.