Top Altcoins Poised For 50%-100% This Week

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The cryp­tocur­ren­cy mar­ket expe­ri­enced its first week of decline in some time, with the sig­nif­i­cant invest­ments pre­vi­ous­ly seen in Bit­coin exchange-trad­ed funds (ETFs) revers­ing into with­drawals this week. The mar­ket trends have plunged the BTC price toward $60K, while alt­coins con­tin­ued to shine. This has trig­gered hopes for a 50%-100% surge for sev­er­al alt­coins this week.

Investors Remain Focused On Bitcoin

Despite Bit­coin expe­ri­enc­ing a down­ward trend last week, alt­coins man­aged to main­tain their val­ue with min­i­mal loss­es. Nonethe­less, as Bitcoin’s price fell, alt­coins did not con­tin­ue to rise in dom­i­nance, lead­ing to a drop in the alt­coin sea­son index to 45, mark­ing a four-month low. 

While this decrease may low­er the like­li­hood of an upcom­ing alt­coin sea­son, new alt­coins are still expect­ed to hold a dom­i­nant posi­tion, aim­ing for a sig­nif­i­cant increase of at least 50%-100% this week.

ONDO: ONDO price has been sky­rock­et­ing these days due to Blackrock’s recent announce­ment. The recent appli­ca­tion by Black­Rock to estab­lish the Black­Rock USD Insti­tu­tion­al Dig­i­tal Liq­uid­i­ty Fund has cre­at­ed a bull­ish cryp­to mar­ket. Its col­lab­o­ra­tion with Secu­ri­tize, a com­pa­ny that focus­es on tok­eniza­tion, indi­cates a pos­si­ble focus on real-world assets (RWAs), which aligns with the pri­ma­ry ser­vices of Ondo Finance. This devel­op­ment has trig­gered intense buy­ing, lead­ing to a 60% surge in the val­ue of ONDO. As a result, we might see fur­ther surges in ONDO price this week, poten­tial­ly touch­ing the $1 mark.

Ton­coin: In the face of the ongo­ing mar­ket cor­rec­tion, Ton­coin showed a sol­id rebound over the week, with its price climb­ing from $3.3 to $5.3. This impres­sive near­ly 50% increase sur­passed the pre­vi­ous resis­tance at $4.6, offer­ing investors hopes for anoth­er 50% this week.

Poly­mesh: Fol­low­ing BlackRock’s entry into the real-world asset (RWA) sec­tor, Poly­mesh (POLYX), a blockchain plat­form for trad­ing tok­enized assets, expe­ri­enced a sig­nif­i­cant surge, with its price increas­ing by 90% last week. This devel­op­ment has led to an uptick in the val­ue of cryp­to tokens with­in the RWA sec­tor, cre­at­ing pos­si­bil­i­ties of a break above $0.7.

Fan­tom: Though FTM price is now fac­ing rejec­tions above the EMA20 trend line, it has record­ed near­ly a 50% surge this week. If the price takes sup­port around $1 mark, we might see its price head­ing toward the $2 mark in the com­ing week.

Stacks: Prices of Stacks (STX) have soared by over 34% in a week, hit­ting a record peak of $3.65 before expe­ri­enc­ing a slight decline. The surge in val­ue was trig­gered by the green light giv­en to a sig­nif­i­cant update to the Stacks pro­to­col, named Nakamo­to. As the momen­tum now favors buy­ers, we might see a break­out above the pre­vi­ous ATH.

Book Of Meme: Book of Meme (BOME), a fresh meme coin with­in the Solana net­work, has cap­tured sig­nif­i­cant inter­est due to its remark­able price increase. The coin has seen a mas­sive rise in open inter­est, with its val­ue sky­rock­et­ing by over 1300% in just one month. Despite a recent price drop, there’s poten­tial for a rebound in BOME’s price this week, espe­cial­ly if it meets buy­ers’ demand fol­low­ing pos­i­tive developments.

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