Top 3 Altcoins That Have the Potential to Dominate the Crypto Market in the Upcoming Bull Market
- WBOYOriginal
- 2024-09-11 00:25:13698browse
With the cryptocurrency market reclaiming the $2 Trillion market cap with a jump of 3.18%, top tokens have breached their important resistance levels.
Cryptocurrency market
Top 3 altcoins to watch during the next bull market
After a brutal crypto winter, the market is finally showing signs of recovery. Bitcoin has reclaimed the $57K mark and altcoins have surged across the board. Investors are now wondering which altcoins will lead the market during the next bull run. Here are 3 altcoins that have the potential to dominate the crypto market in 2024.
1. Fantom (FTM)
FTM price has surged 14.28% intraday with a buying volume of $190.233 Million. Notably, it has breached its crucial support level of $0.390. With a market capitalization of $1.376 billion, this altcoin has attained the 50th rank in the world crypto market list.
The Moving Average Convergence Divergence (MACD) indicator showcases a continuous rise in the green histogram with a bullish convergence in its average in the 1D time frame. This indicates a bullish trend for the Fantom price in the upcoming days.
If the bullish market intensifies, the FTM coin price will rally toward its upper resistance level of $0.840 during the next few weeks. On the flip side, a bearish reversal could drag the price toward its lower support level of $0.390.
2. Artificial Superintelligence Alliance (FET)
In a bullish recovery, FET price surged 14.48% intraday with a trading volume of $268.79 million, up 90.23%. Moreover, it has soared ~50% in the past 30 days. This indicates a sustained positive sentiment for the AI token in the market.
The Relative Strength Index (RSI) in the FET price chart has retested its neutral point successfully. This has led it to record a sharp rise toward the overbought zone. Also, the Simple Moving Average (SMA) showcases a similar price trend, indicating a bullish outlook in the upcoming days.
A bullish breakout could push the price toward its $2 mark. However, if the bears regain momentum, this altcoin could retest its crucial low of $0.50.
3. Bittensor (TAO)
With a 9.98% intraday gain, Bittensor price breached the $2 billion market capitalization. Moreover, it surged over 470% YoY, making it a top token for this list. With a market capitalization of $2.12 billion, it currently holds the 39th rank.
The technical indicators, MACD and SMA, have recorded increased bullish action in their respective price charts. This highlights an increase in the buying-over-selling pressure within the crypto market.
If the market continues trading with bullish sentiment, the TAO price will prepare to test its upper resistance level of $437.5 this month. However, if the bears regain momentum, the price may retest its lower support level of $212.
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