Altcoins
Best Altcoins for 100% Profits Next Week!
The crypto market has shown a significant upward trend in its valuation over the past few days, with top altcoins successfully surpassing their important resistance levels, highlighting increased buy-on-sell pressure in the crypto space .
However, mid- and small-cap altcoins have added massive valuation to their respective portfolios over the past few weeks, with few altcoins outperforming the top altcoins. This highlights a shift of investors towards these tokens in order to maximize their short-term profits.
In this article, we have covered the top four altcoins that can see a 100% surge in the coming week.
Arc block (ABT):
Built on the Ethereum contract, the Arcblock functions as an ERC-20 token. Additionally, Arcblock is a platform used to build and deploy decentralized web applications. It presents itself as a complete blockchain 3.0 product platform certified to easily create, deploy and manage applications.
Trading view: ABT/USDT
The ABT token has added around 5% over the past day and 36.98% over the past seven days. Additionally, with a market cap of $415.44 million, ABT price has added 1,828.66% to its portfolio year-to-date.
Additionally, the 50/200-day EMA and MACD technical indicators are showing strong bullish price action on the 1D timeframe, suggesting a positive outlook for this token in the coming period.
If the bulls continue to gain momentum, Arcblock price will prepare to test its upper resistance level of $5.50 by the end of the month. However, a bearish trend reversal could pull ABT coin price towards its lower support level of $2.95.
Finance Cream (CREAM):
Cream Finance is a decentralized lending (DeFi) protocol enabling individuals, institutions, and protocols to access financial services. The CREAM project is also part of The Yearn financial ecosystem. It is an open-source, permissionless blockchain serving users on Ethereum, Binance Smart Chain, Polygon, and Fantom.
TradingView: CREAM/USDT
At the time of writing, the CREAM token price was 58.91 with a market cap of $106.88 million. Additionally, it has a circulating supply of 1,855,659 CREAM tokens and a total supply of 2,924,546 CREAM.
The Moving Average Convergence Divergence (MACD) shows a significant increase in the green histogram, highlighting an increase in buying pressure in the crypto market. Additionally, the averages display bullish price sentiment, suggesting that the price will continue to gain value in times to come.
If the crypto market regains momentum, bulls will prepare to test its upper resistance level of $80 in the next period. However, a bearish reversal could pull the price towards its lower support level of $47.75 this month.
Drift (DRIFT):
Built on the Solana Chain, Project Drift is entirely an on-chain perpetual and spot DEX. It gives its users the ability to trade pre-launch markets and launched tokens with up to 10X leverage.
DRIFT price increased by approximately 15% over the past day and by 257.13% over the past seven days. Additionally, it has surged over 260% since its inception, indicating strong bullish prospects for the altcoin in times to come.
At the time of writing, the Drift token had a trading value of $0.3573 and a market capitalization of $59.67 million. Additionally, it has a circulating supply of 167 million Drift tokens and a total supply of 1 billion tokens.
Solchat (CHAT):
Solchat (CHAT) is a Solana-based communications protocol primarily used to elevate your conversations. It offers text, voice and video calls similar to Web2 but in a Web3 environment.
It has attracted market attention with its low gas fees and encrypted, peer-to-peer audio and video calls via WebRTC to maximize security.
CHAT price recorded a jump of 30.31% over the past day and 48.54% over the past seven days, indicating a positive outlook for the altcoin in the times to come.
Conclusion:
The cryptocurrency market has regained momentum and continues to trade with a positive outlook, suggesting that it is a good entry point for new traders and investors into the crypto space.
Investing in cryptocurrency is very risky as the market is very volatile, be sure to do your own research before investing in any digital asset.
Note: This article is not intended as financial advice of any kind. The selected tokens are based on their past performance and market opinion and are not intended for promotional purposes.