Top Altcoins Poised For 10x Rally Ahead of Ethereum ETF Trading

With the crypto market going ballistic overnight, the bull run is starting in Bitcoin and the altcoins. Further, the altcoins find a sharp increase in uptrend momentum as the discussions around the Ethereum ETF are turning hot. 

With the increasing possibility of the Ethereum ETF getting approval, smart money is looking out for altcoins that may experience direct bullish influence. 

To make this easier for you, we have picked the best low-cap altcoins to buy. So, let’s have a closer look at the price analysis of these altcoins for potential targets and entry points.

Manta Network (MANTA)

With a market cap of $339 Million, the MANTA token price shows a bullish reversal overnight. The trend reversal leads to an uptrend of 8.36% this week with a jump in trading volume. 

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The bullish reversal in the altcoin reveals bullish dominance at the psychological mark of $1. This increases the likelihood of a bullish trend continuation. Trading at $1.04, the underlying potential teases an uptrend beyond $5 if the momentum sustains. 

Loopring (LRC)

As an adamant player in the Ethereum layer 2 sector, the LRC token presents a lucrative entry opportunity to sideline traders. The bullish reversal from the long-term support level at $0.16, the altcoin is up by 6.17% this week. Further, the price action reveals a tweezer bottom formation, increasing trend reversal chances.

Despite the head and shoulder breakdown, the bulls are regaining momentum with a rise in trading volume to bolster the reversal from $0.16. The LRC price is taking off for a moonshot and is trading at $0.1808. As per the Fibonacci levels, the bull ran can reach a target of $0.7731 if the Ethereum ETF gets approval.

Metis (METIS)

As Bitcoin and Ethereum are in a slump, the METIS token reveals a falling wedge pattern formation in the daily chart. As the ETH price remains near the $3300 level, the METIS price tests the declining support trendline.

With a market cap of $273 million, the METIS price trades at $48.16 with a death cross in the daily chart. However, with a bullish turnaround rally in the broader market, the altcoin could lead to a potential surge above $100. 

As per the Fibonacci retracement levels, the altcoin could reach the $200 mark if the ETH ETF starts trading. 

Blast (BLAST)

As a freshly launched layer-2 protocol, the BLAST token is making waves in the early days. Based as an Ethereum Layer-2 token, it has a USP with native yield both for ETH and stablecoins. Unlike the default zero per cent interest that other L2s provide, BLAST offers a 3.4% yield for ETH staking and 8% for stablecoins staking.

With a growing market cap, Blast stands at $429,464,831, with an intraday rise of 20%. The BLAST token trades at $0.025 and maintains a bullish stance in the early launch days.

Hence, as the broader market is ready to recover, the bull run in BLAST can result in a price jump to $1. The key catalysts to watch out for that might fuel the uptrend are the Ethereum ETF listing and the broader market bull run.

Myria (MYRIA)

Myria, another Layer 2 scaling solution for Ethereum, shows immense potential this week. With the idea to scale NFTs, gaming and more, the project shines in the list of Ethereum’s Layer 2 solutions.

With a falling wedge pattern in the daily chart, the MYRIA token shows a sideways shift in the negative cycle. This aligns with last night’s jump and the increased talks around the trading of Ethereum ETFs. 

As the altcoin signals a high possibility of a trend reversal, the Fibonacci levels project the MYRIA token target at $0.013. 

Conclusion

As the bull run is starting to pick up pace in the entire market, these altcoins are projecting a bullish price action. With the upcoming catalyst of the Ethereum ETF, the increased volumes can result in a massive jump for the mentioned altcoins. 

Also Check Out : Ethereum Bull Trap: A Double-Edged Sword for Investors; Two Potential Outcomes for ETH Price