As the cryptocurrency market gears up for its next surge, top investors are turning their attention to a select few altcoins with immense growth potential. Some predict these digital assets could soar by up to 50 times their current value. These tokens are gaining traction among seasoned traders ahead of the anticipated market rally.
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Axelar (AXL) Aims for $1.23 Amid Altcoin Season Hopes
Axelar (AXL) trades between $0.66 and $0.88, close to its 10-day SMA of $0.73. The RSI is 52.15, signaling neutral momentum, while a positive MACD suggests an upward trend. The nearest resistance is at $1.01. Breaking this could propel AXL to the next resistance at $1.23, potentially increasing over 40%. With altcoin season approaching, Axelar might see significant growth ahead.
BOOK OF MEME (BOME) Set to Surge as Altcoin Season Nears
BOOK OF MEME (BOME) is showing signs of potential growth, trading between $0.007501 and $0.010072. Over the last month, the price has risen by 6.04%, indicating positive momentum. The nearest resistance is at $0.011557; breaking this level could lead to gains of over 14%. The next resistance at $0.014128 offers potential gains of over 40%. The relative strength index stands at a neutral 50.49, suggesting room for upward movement. The 10-day and 100-day simple moving averages are converging, hinting at a bullish crossover. With altcoin season on the horizon, BOME could rise significantly, offering substantial returns.
FET Eyes Breakout as Altcoin Season Approaches
Artificial Superintelligence Alliance (FET) trades between $1.10 and $1.46. Despite recent declines of over 13% in a week and nearly 25% in a month, signs point to a potential rebound. The Relative Strength Index is at 55.03, suggesting neutral momentum, while the MACD level of 0.0071 hints at a possible uptrend. The nearest resistance is at $1.66; surpassing this could lead to gains exceeding 14%. The next target is $2.02, offering even more upside. Support levels at $0.92 and $0.55 provide a safety net. With altcoin season on the horizon, FET may capitalize on market optimism and recover losses, aiming for new highs.
Neutron (NTRN) Set to Surge as Altcoin Season Approaches
Neutron (NTRN) has faced a recent downturn, dropping over 18% in the past week and more than 27% this month. Currently trading between $0.31 and $0.43, it’s nearing its support level at $0.26, which could act as a springboard for a rebound. Technical indicators like the RSI and Stochastic are around 45, suggesting the coin isn’t overbought or oversold. The Simple Moving Averages for 10 and 100 days are converging around $0.36-$0.37, indicating potential stability. If NTRN breaks through the nearest resistance at $0.50, it could target the next resistance at $0.61, offering a significant percentage increase. With optimism surrounding the upcoming altcoin season, Neutron might be poised for substantial growth.
Conclusion
While AXL, BOME, FET, and NTRN have less short-term potential, ZircuitDEX stands out. Offering 500X capital efficiency, fast transactions, and zero slippage, it enhances capital management. The ZDEX Token’s presale at a 70% discount offers potential 500% returns upon launch. Holding ZDEX provides early access to meme coins, reduced fees, governance rights, and revenue shares.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/10/top-traders-bet-on-these-5-altcoins-for-5000-potential-gains-in-the-upcoming-bull-run