Altcoins

Helium (HNT), Cosmos (ATOM), Holo (HOT) Leading Their Way to New Highs!

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Highlights

    Bitcoin’s dominance depreciates below 45 throwing out a hint at altseason underway.

    Helium, Cosmos, and Holochain emerged as the top gainers in the recent past, further price boom is expected in the next couple of days.

The leaders of the crypto space Bitcoin and Ethereum seems to have run out of breath after clinching new ATH. Buoyancy swells across the market as various altcoins derive double-digit profits and the star crypto procures its support of around $60,000. Notably, Helium (HNT), Cosmos (ATOM), and Holo (HOT) emerged as top gainers in recent times by oppressing bearish rule. 

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However, Santiment, a crypto metric platform recently shared the growth of the aforementioned altcoins. The analytics platform highlights the significant widening of the market cap where Helium, Cosmos, and Holo gained 16%, 15%, and 18% respectively. This article elucidates potential price targets for these altcoins. 

Helium (HNT) Price Analysis:

Helium (HNT) has been an innovative blockchain-powered platform built for IoT utilities. On Tuesday, the prime altcoin has just missed the boat to excel beyond ATH of $26.31. Yet the HNT price has been undergoing a consolidation of around $24.15. As the tussle between buyers and sellers has continued in the 4-hour chart, the next couple of hours could become a decider.

If a significant number of buyers jump in to purchase, then the altcoin could leg up by another 10 to 15% after reclaiming the previous ATH. On the contrary, HNT’s price could dump around $20 if bears take control over the market. 

However, one of the major catalysts for the HNT’s price action has been its recent collaboration with the Dish network. This partnership enables traders to deploy compatible Helium 5g Hotspots on Dish Network in order to earn HNT tokens. 

Cosmos (ATOM) Price Analysis:

Cosmos (ATOM) has been a decentralized network that facilitates enhanced interoperability and scalability, is trading with 10% gains in 24 hours. Notably, the network’s trading volume surged by over 300% round the clock. ATOM’s price after approaching close to its previous ATH of $44.70 has been undergoing key correction. In the 4-hour chart, sellers are seen dominating over the buyers. 

At present, the altcoin is trading at $39.50, if the sell-off pressure continues then ATOM could undergo heavy correction until the bottom support of $36.74. Besides, the RSI factor is at 60.8 indicates a healthy consolidation phase. Hence, if a huge number of buyers jump in, in the next couple of hours, then ATOM’s price could register a new ATH of around $47.586. 

Holo (HOT) Price Analysis: 

Holochain (HOT) is a peer-to-peer network that has created a lot of media buzz in recent days with massive gains. The 4-hour chart highlights hefty green candles indicating a huge surge in the investment rate. Latest developments across the ecosystem have led the price momentum to retest at September highs of $0.0125. As huge buy orders have taken place a couple of hours ago, the altcoin is experiencing a minute correction with decent sell-offs. 

Holochain’s (HOT) price is expected to undergo a correction of around $0.0095. As the RSI factor looks pretty green, the HOT price could beat the September high reaching a high of $0.0135.  

However, Bitcoin dominance has been depreciating since the start of the week indicating cash outflow to other altcoins. Besides, the latest growth in these altcoins market cap further bears witness to the beginning of Altseason.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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