AltcoinsPrice Analysis

Altcoins To Keep A Watch In This Current Bull Cycle

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Aug 19, 2021

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Highlights

    Within the current bull cycle, some of the altcoins have a huge potential to go 10x very soon

    Despite the narrow trend of Bitcoin, these altcoins showcase a huge momentum to rally towards the north

Yet again, Bitcoin price seems to have been stuck in a very known range below $45,000 which is however a matter of concern. As some of the majorly known coins tend to follow the BTC price but the other bunch of altcoins flourish Bitcoin experiences a narrow trend. In the past couple of days, assets like Solana, Serum, Luna, etc manifested extreme bullish momentum. There are other tokens that could follow a similar bull run to go more than 10x.

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Elrond (ELGD)

Elrond price maintains its ATH at $245.56 during the bull run in the first half of 2021. Despite a steep crash below $100 multiple times, the asset retracted well to trade close to $143 at the press time. Currently, the price is hovering within the decisive phase and a subsequent break out above $145 could lead the rally hard to hit $200. 

egldprice

Axie Infinity (AXS)

Axis Infinity in the past couple of days is trending within a parallel channel including a fakeout. However, the price still showcases a bullish momentum as it rose from the lower band to the upper ones in a very short time frame. Moreover seems to be ready for a massive take-off to break the channel and smash the ATH soon. As the price initiates its trend in the discovery mode, $100 could be imminent. 

axsprice

Orion Protocol (ORN) 

Orion Protocol after ranging high above $27, plunged hard but failed to revisit its initial levels below $2. However, the trading activity currently is increasing steadily and hence the volatility of the asset has also raised subsequently. The token has a limited supply of 100 million out of which 30% are in circulation. With a market capitalization of less than $300 million, the asset could propel high during the low cap rally.

ornprice

Quant (QNT)

During the mid-may crash, most of the assets fell nearly 50% but Quant sustained the crash and continued to move towards the north. Despite a couple of pullbacks, the asset still maintained an uptrend and appears to be poised to hit the ATH which is just 9% away. The asset has a very limited supply of 14.6 million out of which 83% is in circulation. And hence as the asset is scarce, the existing supply could become more valuable in the coming days. 

qntprice

Terra (LUNA) 

Terra currently is smashing a fresh ATH every new day as the price is continuing to maintain a notable uptrend. Following the Solana surge, Serum and Terra both raised high to hit their respective ATH. The trading volume is constantly surging on the platform with the market cap swelling with a billion every new day. 

lunaprice

Other than these altcoins, Dogecoin, Solana, Swipe, etc could also be kept on watch the rally could hit new highs soon. Also other than DOGE, these altcoins appear to be independant of the Bitcoin price rally. And hence a substantial surge can be expected even in times of the BTC price experiencing a narrow trend.

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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