Top 3 ETH-Based Altcoins That Have a High Potential of Outperforming the Top Crypto Tokens This Month

With the price of the Ethereum token reclaiming the $2,700 mark, top Ethereum chain altcoins have successfully regained momentum and recorded a massive uptrend in their respective portfolios this week.

Top ETH-Based Altcoins Surging: JUP, ENS, and NEIRO Clock Double-Digit Gains

As the price of the Ethereum token continues to trade above the crucial level of $2,700, top altcoins on the ETH chain have regained momentum and recorded a massive uptrend in their respective portfolios this week.

Many top altcoins and mid-cap tokens have experienced a double-digit surge in their valuation this week, speculating a high possibility of a strong bullish reversal in the crypto market this month.

Here, we have covered the market sentiments and price analysis of the top 3 ETH-based altcoins that have a high potential of outperforming the top crypto tokens during the coming time.

Jupiter (JUP): Despite recording a correction of approximately 4% within the past few hours, the JUP price has successfully regained momentum and surged approximately 32% over the past four days. Further, with a market cap of $1.147 Billion, it has secured the 58th position in the global crypto list.

The technical indicator, MACD, displays a constant decline in the red histogram with its averages recording a high possibility of a bullish convergence. Moreover, the Moving Averages (SMA) showcases a positive crossover, suggesting that the JUP price will continue gaining value this week.

If the market holds the Jupiter price above its important support level of $0.8445, the bulls will prepare to test its upper resistance level of $1.4950. Conversely, if the bears regain power, the JUP coin price will plunge toward its low of $0.540 this month.

Ethereum Name Service (ENS): With the rising volatility in the crypto market, the ENS price has recorded a jump of approximately 8% within the past day with a trading volume of $146.775 Million, a change of +102.56%. Although recording a correction of 30% within the past month, this altcoin has surged 88% this year.

The Relative Strength Index (RSI) indicator has successfully retested its oversold range and recorded a sharp rise toward the halfway mark. However, it fails to record a bullish convergence with its average trendline, indicating mixed sentiment.

Maintaining the bullish sentiment could lead the Ethereum Name Service price toward its upper high of $27.75 in the coming time. However, a trend reversal could pull the price toward its low of $17.50.

Neiro Ethereum (NEIRO): Clocking a USP of zero tax on buying and selling crypto tokens, the Neiro Ethereum has taken over the crypto space by storm. Promoting itself as the next big crypto in the market, this altcoin has garnered massive attention toward itself within a short period.

Although recording a drop of over 10% within the past day with a trading volume of $28.480 Million, this altcoin has surged 14.88% within the past seven days and over 1,440% since inception.

With a trading value of $0.2129 and a circulating supply of 1 Billion NEIRO tokens, it secures the 222nd position in the global cryptocurrency market list with a market cap of just under $213 Million.

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