The wider crypto space is rebounding at a brisk phase after a choppy start to 2022. As investor sentiment starts to grow, small-cap altcoins are likely to exhibit higher volatility than blue-chip cryptocurrencies. Especially, Hyperion, BoringDAO, MASK Network, and ERGO have been trading with gigantic gains over the past couple of days.
Hyperion (HYN):
Hyperion is one of the best-suited tokens for intraday trade during the bull market seasons. As the market is rebounding slowly, HYN price is one of the first tokens to commence with a bull run. The altcoin has enjoyed gains of 67.44% in just 24 hours and managing to consolidate at the same zone currently.
If the crowd sentiment remains positive for the next couple of days, then it will break the next resistance with a 100% upswing reaching $0.8421 from $0.4823. It usually falls at the same rate it accelerates, and in case of deceleration it would settle down at $0.2953.
BoringDAO (BOR):
BoringDAO has been very sensitive to market sentiment as it shows rapid volatility for any changes in the market. It has shown swift fluctuations in intraday trades, especially reacting to the recent market rebound, BOR price surged by 47.25% in the last 24 hours reaching $518.95 at the press time.
If the altcoin flips the bottoms of $530, it is likely to undergo another round of resurgence up to $1000 with a 100% upswing. However, as it is sensitive to market behaviors, in case of a downturn in trader’s sentiment the asset makes its move sideways to reach the bottom of $300 in no time.
MASK Network (MASK):
MASK token is also one of the top traded tokens during bull cycles. Currently, it has flipped the bottom of $5 to surge by 10% in 24 hours reaching $5.84 at the press time. If the traders continue to trade MASK in the next couple of days then build-up in buy pressure will uplift the price up to $10. On the contrary, if sellers continue to dominate the market then MASK price would plummet to new All-time lows.
ERGO (ERG):
ERGO is renowned for its volatility as it enjoys mammoth gains beyond 2X in each of its bull cycles. However, owing to the trend reversal from the beginning of this week, ERG’s price managed to break out at an 8-month low of $3.08.
If positive sentiments continue to persist, then there’s the possibility of a 200% upswing to retest the next major resistance at $9.44. If sellers return in the next 24 hours then ERG would even correct to year low mark.
Collectively, the aforementioned tokens have the larger possibility to chug to newer highs. If alt season gets confirmed, then these altcoins would even surge beyond 100% to acclaim their previous ATHs.
Source: https://coinpedia.org/altcoin/best-opportunities-for-intraday-gains-hyn-bor-mask-ergo-shower-high-volatility/