The cryptocurrency market has experienced a fresh rally within the past few hours, following the growing Ethereum ETF speculation. Moreover, the market leader, BTC Price, has successfully reclaimed the $72,000 mark, resulting in major tokens recording a bullish price movement.
Curious to know which altcoin will outperform in the coming time? Or confused about which altcoin to stack ahead of the Bullrun?
Let’s take a deeper look as, in this article, we have covered the top five altcoins that have the potential to record significant gains as the price of Bitcoin has initiated a fresh bull rally.
Pepe (PEPE):
The Pepe token has recorded a jump of 17.85% within the past day, making it the top gainer among the top memecoins for the past day. Positively, the PEPE price has experienced a trading volume of $2.26 Billion (+182.03%). Moreover, it has surged 754% this year started and is less than 5% from its ATH.
The technical indicator, MACD, displays a constant green histogram in the 1D time frame, indicating increased bullish influence in the crypto space. Furthermore, the Cross EMA 50/200-day supports the price chart, indicating a bullpower in the crypto market.
If the bulls continue to gain momentum, the Pepe price will prepare to test the $0.0000120 mark by surpassing its previous all-time high. Conversely, a bearish trend reversal may pull the price toward its support of $0.00000785 during the upcoming weeks.
PUPS (ORDINALS) (PUPS):
Powered by the Ordinals BRC-20 contract, the PUPS (ORDINALS) first appeared in the crypto market in March 2024 following the rising hype of Bitcoin and BRC-20-based tokens.
Despite recording a correction of 58.67% over the past 30 days, the PUPS price has regained momentum and added approximately 10% within the past day and 32.90% over the past seven days, indicating an increase in the bullish influence for the Ordinals tokens in the crypto space.
If the bulls regain momentum, the PUPS token will prepare to test its resistance level of $21.50 this month. However, a weak bullish sentiment may result in the altcoin retesting its support level of $13.50 in the coming time.
Arcblock (ABT):
Built on the Ethereum chain with the intention to simplify the process of deploying and designing decentralized blockchain applications, the Arcblock token has displayed a significant price action since the year started.
Further, it is a solution that combines blockchain technology with cloud computing. Its native token “ABT” is an ERC-20 token that functions as a payment in the Arcblock ecosystem.
Positively, the ABT price has added 9.89% within the past day and 103.67% over the past 30 days. Moreover, it has a Year-to-Date (YTD) return of 2,004.80%, highlighting a strong bullish outlook for this Artificial Intelligence (AI) token during the upcoming bull rally.
If the market continues gaining momentum, the bulls will prepare to test its upper resistance level of $5.50 by the upcoming month-end. However, if a trend reversal occurs, the Arcblock price will plunge toward its lower support level of $2.95 in the coming time.
Artrade (ATR):
Built on the Solana contract, the Artrade made its first appearance on the crypto market in April 2022. An all-in-one art platform secured by blockchain technology, it is the Real World Assets (RWA) first marketplace.
With an intent to help creators sell their work at a fair price with the right connection and within the community, the ATR token is the native token of the Artrade system.
With a trading price of $0.02734 and a market cap of $42.34 Million, the ATR price has surged 2,123% this year alone, making it one of the best-performing tokens of its respective category.
If the market holds the price above the support level of $0.02625, the bulls will prepare to surge toward its upper resistance level of $0.03550 during the upcoming weeks. Negatively, a trend reversal could pull the price toward its crucial level of $0.02175 this month.
Bitcoin Cash (BCH):
The BCH price has followed in the footsteps of the market leader and recorded a similar price action. The Bitcoin Cash (BCH) token is highly influenced by the price of BTC, resulting in it being known for recording a similar price sentiment.
The MACD shows a constant rise in the 1D time frame with its averages displaying a bullish pattern, indicating an increase in the buying-over-selling pressure in the crypto market.
If the market pushes the price above the $529 level, the bulls will prepare to test its upper high of $650 in the coming time. Conversely, a bearish setback may result in the price testing its low of $447.
Conclusion:
With the price of Bitcoin (BTC) achieving $72K and rising speculations for the approval of the Ethereum ETF by the Securities And Exchange Commission (SEC), the crypto market has experienced a fresh bull rally, indicating a positive outlook during the coming time.
Investing in cryptocurrencies is highly risky as the uncertainty in the crypto space has achieved a new high. Make sure to “DYOR” before investing in any digital asset.
Note: This article is not subjected to financial advice and was written for research purposes only. Further, the tokens selected for this article are chosen based on their historic market and social sentiments and are not subjected to promotion in any manner.
