Altcoins
Will This $80M Altcoin Be The Next 100X Gem?
With the rising price volatility in the cryptocurrency market, mid- and small-cap altcoins have regained momentum and added massive valuations to their portfolios, with many altcoins hinting at a massive rally.
In this article, we will learn about an altcoin that has a market cap of less than $100 million and has a high potential to become the next 100X gem in this rally phase.
Built on the Osmosis chain, XPLA is a Layer-1 (L1) blockchain that serves as a hub for modern media content. Additionally, XPLA is a collaborative blockchain where partners with expertise in technology, security, and content share the platform to contribute their expertise.
Are you thinking of becoming an early investor in this altcoin but are worried about its prospects? Fear not and scroll down because, in this article, we have covered the market sentiment and price analysis of the XPLA crypto token.
XPLA price shows rising bullish action:
This altcoin has added 15.46% to its portfolio over the past day with a trading volume of $13.47 million. Additionally, it has increased by 47.96% over the past seven days and 26.73% over the past 30 days, highlighting a long-term bullish sentiment.
TradingView: XPLA/USDT Exchange Rate
With a trading price of $0.131, a circulating supply of 613,335,534 XPLA tokens, and a maximum supply of 2 billion XPLA tokens, it has secured the 441st position in the global cryptocurrency ranking with a market capitalization of $80.38 million.
The Moving Average Convergence Divergence (MACD) has been steadily rising in its green histogram, highlighting increased buying pressure in the cryptocurrency space. Furthermore, the averages are trending bullish, suggesting that the XPLA coin price will continue to increase in value.
The technical indicator, RSI, has breached its overbought range in the 1D time frame with its average trendline moving towards its midpoint. This highlights a positive outlook for XPLA price in the near future.
How much will the price of XPLA go up?
If the market holds XPLA price above its support level of $0.128, the bulls will prepare to test its resistance level of $0.178550. Holding the price at that level will set the stage for this altcoin to head towards its higher high of $0.2360.
On the contrary, if a trend reversal occurs, XPLA price will lose momentum and start trading under a bearish influence. This may result in XPLA price retesting its low of $0.079225 in the near future.