Top 5 altcoins to add to your portfolio when the bull run begins
Amid a crypto bull market, with Bitcoin hovering around $52,000 and Ethereum at $2,800, optimism is also high for other alternative currencies. Analyst Mike Ermolaev emphasizes that this is the best time for investors, pointing to the five fastest-growing tokens amid the altcoin resurgence. With total market capitalization expanding beyond $1.9 trillion and growing investor confidence, these coins represent the most promising opportunities to deliver significant returns during the bull run. current price.
#1. Aptos (APT)
Aptos (APT) has seen notable price movements in recent times, with a notable increase of 13% over the past 7 days, reaching a high of $10.46. Although the market capitalization is down 6.75% year-to-date, at $3.4 billion, the future looks promising with price predictions extending from $44 by 2025 to a staggering $454 by 2033.
Aptos (APT) is trading between $9.20 and $10.60. The 10-day EMA at $10.44 shows bullish signs, but investors should caution against excessive optimism. The next support levels for Aptos (APT) are at $9 and $8.8, while resistance levels are at $10.8 and $11.
APT price chart. Source: TradingView
Despite Aptos (APT)'s recent price increase and bullish sentiment, some bearish signs are still present. The 38% year-over-year price drop and underperformance compared to 98% of the top 100 crypto assets, including Bitcoin and Ethereum, raise concerns about competitiveness. Limited investor enthusiasm, reflected in just 13 green days over the past month, and liquidity concerns stemming from less than 37% of total outstanding supply, point to the potential for value dilution and emphasizes the need to be cautious about its future trajectory.
#2. Optimism (OP)
Optimism (OP) has seen volatility over the past week, as the price rose 30% but then fell 15%. Amid these upheavals, important developments have emerged: notably, the Optimism Foundation's commitment to allocate up to 2 million OP tokens, valued at $5.3 million, to the model DeFi layer 2 (L2) network. Mode module, aimed at promoting user growth dynamics. Additionally, Ethereum's upcoming major scalability update poses both challenges and opportunities for L2 solutions like Optimism (OP), which have the potential to reshape its role and impact in the ecosystem. Ethereum ecosystem.
OP price is trading between $3.29 and $3.94, with the 10-day EMA at $3.89 indicating an uptrend. However, the inherent volatility from last week's 15% drop serves as a reminder of the unpredictable waves OP must navigate. The price prediction predicts future growth up to 22 USD by 2025.
OP price chart. Source: TradingView
Optimism (OP) has captured the bullish trend and is aiming upward, with a promising future amid plans to strengthen the coin with 2 million tokens and an upcoming Ethereum update. Despite the recent bullish trend, Optimism (OP) faces challenges that could dampen investor enthusiasm. Its performance lagged behind industry-leading projects, highlighting the fierce competition in the cryptocurrency market. Furthermore, the fact that less than 5% of OP's total supply is currently in circulation raises concerns about future market volatility and the impact on prices.
#3. Blur (BLUR)
Blur (BLUR) price has increased 14% in the past week. With a market capitalization of $778.58 million, Blur (BLUR) trading activity skyrocketed 1,240% after listing on Upbit. This notable price increase is largely attributed to its recent addition to the Binance trading platform and the growing enthusiasm for its related protocol, Blast.
Blur (BLUR) is trading between $0.689 and $0.777. Its 14% weekly gain, driven by major exchange listings, reflects bullish sentiment, highlighted by the 10-day EMA at $0.742. Blur (BLUR)'s next support levels are at $0.63 and $0.61, with resistance levels at $0.87 and $1.
BLUR price chart. Source: TradingView
The increase in price and trading volume of Blur (BLUR), following its listing on major exchanges and optimism about the Blast protocol, suggests significant upside potential. Projections for late 2024 target the $10 range. Despite Blur's (BLUR) initial bullishness, significant concerns remain about its future. The coin's value has plummeted 33% over the past year, lagging behind 96% of the top 100 crypto assets. With only 14 green days in the past month, investor sentiment appeared cautious. These challenges underscore the cautious outlook for Blur, suggesting a rocky road ahead that could hinder its expected growth.
#4. Sui (SUI)
Over the past two weeks, the cryptocurrency Sui (SUI) has experienced a series of price fluctuations. During this period of uncertainty, expectations for Sui (SUI) to return to its peak value of $2 have been bolstered by positive momentum and upbeat market sentiment. In a surprising development, Sui (SUI), a blockchain platform developed by Diem’s Meta project team for a stablecoin, has passed a major milestone by exceeding a total value locked of $300 million. .
Sui (SUI) is trading between $1.81 and $1.94. Its next support levels are at $1.74 and $1.49, with resistance levels at $2 and $2.30. However, the slight divergence from the 10-day EMA at $1.85 below the 100-day average suggests a need to be wary of possible corrections.
SUI price chart. Source: TradingView
Sui (SUI) appears poised for growth thanks to recent achievements and favorable market trends. The most modest price predictions range from 15 to 20 USD per token. Despite these optimistic forecasts, the reality remains that less than 12% of total supply is in circulation. On the one hand, this restriction may suggest scarcity that could push up prices, but on the other hand, it raises significant concerns about the possibility of market manipulation. Market veterans often see such low circulation as a red flag, hinting at a possible bearish trend if the team behind Sui (SUI) does not manage the gradual release of coins very carefully. Investors should be cautious, as any mistake could cause a sharp decline, reminiscent of the turmoil experienced last summer.
#5. ZetaChain (ZETA)
ZetaChain (ZETA) has undergone a period of phenomenal growth over the past two weeks, reaching an all-time high of over $2.80 on February 16, pushing its market capitalization to over $562 million and ranking it as the 128th largest cryptocurrency globally. This increase in value and market position is largely due to the excitement surrounding its mainnet beta launch. Additionally, ZetaChain (ZETA) has seen a significant increase in staking volume, currently at $186,000, with expectations for continued growth. The cryptocurrency's performance was highlighted by a record trading volume increase of 79.42%.
ZetaChain (ZETA) is trading between $2.29 and $2.83. The jump in price signals strong market confidence.
ZETA price chart. Source: TradingView
ZetaChain (ZETA) hitting an all-time high, fueled by its mainnet beta launch and increased staking activity, highlights its growing appeal in the crypto bull run. The hype and technology behind ZetaChain (ZETA) could easily test the price around $10 USD. However, it is important to remember the risks associated with emerging tokens, as market enthusiasm can quickly change, leading to sharp corrections. Additionally, there is speculation around the ongoing event with staking and liquidity provision for ZetaChain (ZETA) – launched to distribute the second airdrop, that it could be just manipulation, meaning the price may decrease as airdrop tokens flood the market.
Conclusion
Aptos (APT), Optimism (OP), Blur (BLUR), Sui (SUI) and ZetaChain (ZETA) stand out in the current crypto bull market, demonstrating potential through technological innovation and performance market. Positive price trend for Aptos (APT), scalability solutions from Optimism (OP), trading volume spike for Blur (BLUR), bullish sentiment for Sui (SUI) and ZetaChain (ZETA)'s record high highlight their appeal for your bullish portfolio. These coins certainly have potential, but their future naturally depends on their ability to overcome potential obstacles on the horizon. While these coins show great promise, as Mike Ermolaev reminds, their long-term success will depend on overcoming the challenges ahead.
