Ethereum ($ETH) has rallied more than 20% in the last 11 trading days, trading at a $4,700 high over 24 hours. That’s just 5% shy of its previous all-time high of $4,954.
If you look at $ETH’s daily chart, it has now neatly broken out of a long-drawn flag and pole pattern, suggesting a continuation of the token’s bull run that started in the third week of June.
Then, to arrive at $ETH’s next potential target, technical analysis can project the height of the pole from the breakout level. This gives a target of $7,000 in the next few weeks.
Read on for a detailed Ethereum price prediction, what experts suggest could be next for ‘digital silver,’ and how PepeNode ($PEPENODE) could be the best altcoin to buy as a way to capitalize on this bull run.
Ethereum Flashes Golden Cross and Breaks Out of a Major Ascending Triangle
According to Merlijn The Trader, a crypto trader with 296K followers on X, $ETH has flashed the ‘golden cross’ on the 3-day chart.
For context, the golden cross occurs when the 200 EMA and 50 EMA intersect, with the 50 EMA crossing above the 200 EMA from the bottom.
Most importantly, the last time the golden cross appeared on the $ETH chart, the token rallied 126%.
Merlijn believes that ‘strong hands are already in position,’ implying that large institutional traders currently own a significant chunk of the $ETH supply, waiting for it to cross the psychological $5K mark.
Another bullish signal? Mister Crypto (142.9K X followers) highlighted that Ethereum is currently forming a pattern very similar to what Bitcoin displayed in 2020 before it surged to record levels.
Back then, the break of an ascending triangle in $BTC saw the token rise from $8K to $50K within just a few months.
Similarly, $ETH has now broken out of an ascending triangle on the monthly chart and is setting up nicely for an aggressive upward move.
$PEPENODE: The Next Top Altcoin Set to Benefit from Ethereum’s Breakout
All in all, as Ethereum nears a major breakout, fresh – whether FOMO or HODL – liquidity is likely to enter the markets. And this is where promising low-cap, high-potential projects that promote innovation can be the real winners.
Traditionally, liquidity first enters $BTC, then flows into $ETH, and finally trickles down to utility-based altcoins with narratives parallel to Ethereum’s.
One such altcoin attracting investors right now is PepeNode ($PEPENODE).
This could be the next crypto to explode during altcoin season. That’s because it offers a gamified P2E version of a real-life mining rig, enabling players to earn tangible rewards through an entertaining blockchain platform.
What is PepeNode ($PEPENODE)?
PepeNode is a unique mine-to-earn cryptocurrency project that lets you build your own virtual mining rig and earn rewards in the form of $PEPENODE, as well as meme coins like $FARTCOIN, and $PEPE.
Now, traditional crypto mining is lucrative for its high return potential, but it’s also an expensive affair. It requires heavy investments in hardware and electricity, along with a long waiting period before seeing profits. Of course, not everyone can afford such costs.
Enter PepeNode, offering a fun gaming experience, virtual mining rigs, and real rewards – all coming to Ethereum after the presale conclusion and TGE.
All you need to start gaming is secure $PEPENODE tokens, the platform’s native currency. You’ll need it to acquire mining nodes and begin mining rewards.
See the official PepeNode website for more.
How to Mine Using $PEPENODE
When you buy $PEPENODE, you secure your bag for the game ahead of the blockchain launch. In the game, you’ll start with an empty server room. Next, you’ll need to buy mining nodes to fill it.
Each node comes with unique properties and varying mining capacities – and these nodes can be bought, sold, or exchanged using $PEPENODE.
The real fun begins when you start combining different nodes strategically to boost your mining power. Each combination delivers different results, offering multiple permutations and mining setups.
You can even upgrade your existing mining rigs for higher returns – much like you do in mobile games such as Clash of Clans.
The mantra is to experiment with different combinations until you find the most powerful one. Once optimized, you can keep mining and earn points and rewards. Top scorers will be eligible for real meme coin airdrops like $PEPE, $FARTCOIN, and others.
Should You Buy $PEPENODE Now?
$PEPENODE is the lifeblood of this entire gamified mining setup. It’s the currency you’ll use to buy mining nodes, upgrade them, and swap them.
It’s also the same currency in which you’ll earn your rewards. Needless to say, you’ll need to buy $PEPENODE to become an integral part of the ecosystem.
PepeNode aims to drive user engagement right from the start, seeing as the earlier you purchase mining nodes, the higher their mining capacity will be.
In other words, the earlier you hop on the $PEPENODE journey, the more powerful mining rigs you’ll be able to build
It’s no surprise, therefore, that the $PEPENODE presale is off to a roaring start, having already raised $1.7M+. At the moment, each $PEPENODE token is priced at just $0.0010918.
What’s more, early investors can also stake their tokens for some handsome passive rewards. At the time of writing, staking $PEPENODE can earn you an eye-popping 753% APY.
Grab your $PEPENODE to join the ecosystem.
This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related actions. Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from the use of or reliance on any content, goods, or services mentioned. Always do your own research.
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/ethereum-price-prediction-pepenode-top-altcoin-to-buy-now/