Bitcoin offered yet another ‘buying opportunity’ after hitting new highs at $73,000 as the bears exhibited their strong presence. The price visited the lows below $69,000 as speculated in our previous composition, followed by a bullish rebound. However, altcoins remained largely stable, which suggests the growing strength of the tokens. Below are a few large-cap altcoins that could undergo a 5x to 10x rally in the coming days.
Ethereum has been displaying immense bullish momentum ever since the beginning of the current bullish spell. The prices have been inflating consistently, which suggests decent buyer participation along with the growing market sentiments ahead of the Dencun upgrade. Moreover, the rounds around the spot Ethereum ETF have also made a huge noise that has kept the price elevated.
The ETH price just marked new yearly highs above $4000 and quickly faced an opposite reaction from the bears. Despite displaying acute strength, the price is still 20% away from its all-time highs. Therefore, this suggests the second-largest token is yet to go long and may achieve new highs beyond $5000 in the coming days.
Solana just achieved new yearly highs above $155 after maintaining a steep upward trend for over five months. The buying pressure has coiled up to a large extent due to which the price is expected to remain elevated for a long time ahead. However, the bears have reclaimed their dominance for a while now and hence the price is speculated to accumulate a bit.
In the coming days, one can expect a resurgence of bullish momentum with the SOL price reclaiming the highs initially. The bulls are believed to display enough strength around these levels, which may further pave the way for a larger price action. Eventually, the price will be way above its current ATH and hence it is believed to undergo a major price action very soon.
XRP price printed a ‘God Candle’, after elevating the price from the daily lows around $0.58 to as high as $0.74 in just a few minutes. Although the price is facing some bearish action, it remains under bullish influence. Therefore, a major price action is expected to trigger soon, which may propel the price beyond 2021 highs.
Ripple is among the tokens that are heavily undervalued, as the bears have refrained from marking the new ATH that it formed during the 2017-18 bull run. Therefore, the token appears to have more room to swell and reach the desired targets in the coming days.
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