Top Coins to Buy As Analyst Predicts Bitcoin Parabolic Rise

Investors are searching for coins to buy as uncertainty floods the crypto markets in the wake of increasing geopolitical conflict between Iran and Israel in the Middle East. The total crypto market cap dropped by 5.2% in the last 24 hours and is sitting at $2.273 trillion. Nevertheless, top analyst MartyParty has predicted that the current Bitcoin price pullback could spark a parabolic run after bottoming out at $60,000.

Top Coins To Buy Before Bitcoin Goes Parabolic

Crypto Commentator MartyParty’s Bitcoin price prediction suggests that BTC could be nearing a parabolic rise following its correction due to the escalating war the Middle East. The price of Bitcoin is currently at $61,717, but MartyParty says a drop further to $60,000 is necessary to ignite a potential parabola.

#Bitcoin #Wyckoff playing out, the pullback to $61000. ($60000 would be the parabola) pic.twitter.com/C9nQjA3rzk
— MartyParty (@martypartymusic) October 1, 2024

His analysis is based on the Wyckoff Accumulation pattern, which has five phases: A, B, C, D, and E. Currently, Bitcoin is in Phase D, nearing the last point of support (LPS), which is marked out around $60,000. As Bitcoin breaks out of its current consolidation zone toward $67,000, it would mark the last phase of the pattern, with the price potentially pushing toward $89,982 and beyond.

If Bitcoin follows this path, here are the top coins to buy now and position for the potential gains ahead.

1. Artificial Super Intelligence (FET)

Artificial Superintelligence (FET) is gaining traction due to its innovative approach to integrating AI with blockchain technology. And that is why Coinbase Furute will list FET-PERP on October 5, opening up the token to speculative trading and increased exposure.

We are adding support for $FET @Fetch_ai perpetual future listing on Coinbase Advanced.
The opening of FET-PERP, market will begin on or after 9:30am UTC 5 OCT 2024. pic.twitter.com/rX4REWri62
— Coinbase Traders (@coinbasetraders) September 27, 2024

The FET price is currently trading at $1.52, representing an 8.1% drop in the last 24 hours. However, the growing AI alliance that just added a fourth member to its ranks promises to surge even higher. The FET price found a bottom around $1 and is forming a potential V-shaped bullish reversal pattern.

2. Degen (Base) (DEGEN)

Degen (Base) (DEGEN) is known for its vibrant community and unique approach to decentralized finance (DeFi). Like FET, DEGEN has also found its way into Coinbase. The exchange announced that it will add DEGEN to its listing roadmap, which means the token will eventually be officially listed on the exchange.

DEGEN price surged following the news and is up 108% in the last 24 hours. The DEGEN price action suggests that there is still some upside room for the token to move as the next major resistance is around $0.02, a 112% increase from the current price of $0.0094.

3. Io.net (IO)

Io.net (IO) stands out for its robust infrastructure and commitment to enhancing internet connectivity through blockchain solutions. Coinbase also added IO to its listing roadmap at the same time as DEGEN. However, IO price reaction to the news has been lackluster.

Assets added to the roadmap today: https://t.co/ZB01nl8WD5 (IO) and Degen (DEGEN)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) October 1, 2024

The price of IO has fallen 12.5% in the last 24 hours and is currently trading at $1.84. This is due to the overbearing Middle Eastern war that has ravaged the crypto markets and the fact that IO does not enjoy the same vibrant community support that DEGEN has.

Nevertheless, Io.net’s technology and DePIN solutions make it a number-one contender with 50X potential in the bull run.

Conclusion

As Bitcoin nears a potential parabolic breakout run, investors looking for coins to buy should keep an eye out for these three: Artificial Superintelligence (FET), Degen (Base) (DEGEN), and Io.net (IO), as they have the potential to offer lucrative returns.

Frequently Asked Questions (FAQs)

Top analyst MartyParty predicts that Bitcoin could undergo a parabolic rise after bottoming out at $60,000, based on the Wyckoff Accumulation pattern. Bitcoin is in Phase D of this pattern, nearing its Last Point of Support (LPS), which could trigger a breakout toward $67,000 and possibly $89,982.

According to the analysis, three top coins to consider are: Artificial Superintelligence (FET) Degen (Base) (DEGEN) Io.net (IO)

The ongoing geopolitical conflict between Iran and Israel has led to uncertainty in the crypto markets, causing the total market cap to drop by 5.2%. This instability has impacted coin prices, but certain assets, like DEGEN, have shown resilience and upward momentum.

Evans Karanja

Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Source: https://coingape.com/markets/top-coins-to-buy-as-analyst-predicts-bitcoin-parabolic-rise/