Crypto Investors Are Flocking to These 3 Altcoins Before May Closes!
Jakarta, Pintu News – As May comes to a close, many crypto tokens are approaching important milestones in their development. These altcoins are looking to utilize the moment as a trigger to push their prices up, following the recent momentum of Bitcoin .
Here is an analysis of three altcoins that investors should pay attention to as the second quarter of this year ends, according to the BeInCrypto page (5/26).
BNB
The price of BNB is expected to surge in the near future, driven by the upcoming Maxwell hard fork on Binance Smart Chain (BSC).
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The update promises faster block times, better network efficiency, and smoother overall performance-factors that could boost investor confidence as well as platform usage.
This Maxwell hard fork could be the main trigger for increased activity on the network. Currently, BNB is trading at $672, with resistance levels at $686 and $700.
If the market responds enthusiastically to this update, BNB could potentially close the 18% gap to its All-Time High of $793.
However, if the reception to the hard fork is mediocre, the BNB price could be stuck below $686. This could derail the bullish outlook and halt the ongoing uptrend, as traders wait for clearer signals about the sustainability of market momentum.
Zilliqa (ZIL)
The ZIL price has dropped by 14.7% in the last two weeks, from $0.0149 to $0.0127. This decline is likely due to the delay in the launch of the Zilliqa 2.0 mainnet.
However, a positive update on the migration could reignite bullish momentum for the token.
Investors are advised to keep a close eye on the latest news surrounding Zilliqa 2.0, as favorable developments could potentially push the price of ZIL towards the resistance level at $0.0137.
If this level is successfully broken, bullish sentiment could return and open up recovery opportunities for this altcoin.
However, if ZIL fails to capitalize on the momentum, the price is likely to move sideways within a range of $0.0125 to $0.0137.
Such flat moves can weaken the bullish outlook and reflect a period of uncertainty before the next big move occurs.
Optimism (OP)
The price of Optimisim has been stable lately, but a number of upcoming events have the potential to trigger bullish momentum. This week is scheduled to unlock 31.34 million OP tokens, worth approximately $24.22 million.
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This event could prompt a spike in prices as investors brace for increased supply and activity in the market.
Currently, OP is trading above the Ichimoku Cloud, which indicates potential bullish strength.
Technically, this suggests the possibility of OP breaking the resistance level at $0.80 and continuing its rise towards $0.90, which could attract more interest from investors.
However, if OP fails to cross the $0.80 mark, the bullish outlook could be nullified. In this scenario, the price risks dropping to $0.69 or even lower, indicating potential weakness and the need for caution among traders.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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