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Price Analysis
Top 10x Potential Tokens Apart from Bitcoin to Consider in the Upcoming Quarter
Author: Sahana Vibhute

Mar 12, 2024 23:48
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Altcoins are gaining strength as the Bitcoin price seems to be self-assured of hitting $75,000 regardless of the ongoing bearish pressure

In the meantime, the large-cap tokens which have just started to swell are believed to exhibit a 5x to 10x rally and mark fresh highs very soon

Bitcoin offered yet another ‘buying opportunity’ after hitting new highs at $73,000 as the bears exhibited their strong presence. The price visited the lows below $69,000 as speculated in our previous composition, followed by a bullish rebound. However, altcoins remained largely stable, which suggests the growing strength of the tokens. Below are a few large-cap altcoins that could undergo a 5x to 10x rally in the coming days.

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Ethereum (ETH)
Ethereum has been displaying immense bullish momentum ever since the beginning of the current bullish spell. The prices have been inflating consistently, which suggests decent buyer participation along with the growing market sentiments ahead of the Dencun upgrade. Moreover, the rounds around the spot Ethereum ETF have also made a huge noise that has kept the price elevated.

The ETH price just marked new yearly highs above $4000 and quickly faced an opposite reaction from the bears. Despite displaying acute strength, the price is still 20% away from its all-time highs. Therefore, this suggests the second-largest token is yet to go long and may achieve new highs beyond $5000 in the coming days.

Solana (SOL)
Solana just achieved new yearly highs above $155 after maintaining a steep upward trend for over five months. The buying pressure has coiled up to a large extent due to which the price is expected to remain elevated for a long time ahead. However, the bears have reclaimed their dominance for a while now and hence the price is speculated to accumulate a bit.

In the coming days, one can expect a resurgence of bullish momentum with the SOL price reclaiming the highs initially. The bulls are believed to display enough strength around these levels, which may further pave the way for a larger price action. Eventually, the price will be way above its current ATH and hence it is believed to undergo a major price action very soon.

Ripple (XRP)
XRP price printed a ‘God Candle’, after elevating the price from the daily lows around $0.58 to as high as $0.74 in just a few minutes. Although the price is facing some bearish action, it remains under bullish influence. Therefore, a major price action is expected to trigger soon, which may propel the price beyond 2021 highs.

Ripple is among the tokens that are heavily undervalued, as the bears have refrained from marking the new ATH that it formed during the 2017-18 bull run. Therefore, the token appears to have more room to swell and reach the desired targets in the coming days.

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Home > Altcoin > After Solana, this AVAX memecoin rises 15% in 24 hours

ALTCOIN
After Solana, this AVAX memecoin rises 15% in 24 hours
2min Read
A meme coin on the Avalanche network experiences a notable uptick in interest.

Posted: March 13, 2024
By: Himalay Patel
Edited By: Saman Waris
After Solana, this AVAX memecoin rises 15% in 24 hours
A meme coin on the Avalanche network witnesses a spike in interest.
The price of AVAX surged despite a decline in activity on the network.
The meme coin craze has taken the crypto world by storm, with the Solana [SOL] network benefiting from the renewed interest in the sector.

Avalanche [AVAX] has had its eyes set on the space for quite some time and recently showed some growth as well.

A surge in TECH
AVAX’s meme coin TECH gained massive popularity over the last 24 hours, as its price surged by 15%. This surge in price could be attributed, in part, to a tweet by Emin Gun Sirer, the CEO of Ava Labs.

At press time, TECH was trading at $0.004802.


Source: X

However, this tweet wasn’t a one-off event. The Avalanche Foundation has been actively trying to support meme coin creation, as it is a part of their larger vision for the Avalanche network.

Avalanche vs Solana
Even though Avalanche’s meme coin sector was starting to gradually attract attention in the crypto space, it was no match for Solana’s budding meme coin ecosystem.

One of the major indicators of the popularity of meme coins in an ecosystem is the DEX (Decentralized Exchange) volumes on a given network.

AMBCrypto’s analysis of Artemis’ data showed that DEX volumes on Solana were much higher than that of Avalanche at press time.


Source: Artemis

In terms of activity, there wasn’t much of an uptick observed on the Avalanche network. The number of daily active users on the Avalanche network remained stagnant at an average of 63,000 users.

The number of transactions occurring on the network also remained largely the same.


Source: Artemis

How much are 1,10,100 AVAXs worth today?

Looking at AVAX
Despite the sudden popularity of the meme coin on Avalanche, it was evident that the protocol would still need a lot more eyeballs to outperform its competitors.

At press time, AVAX was trading at $47.04, and its price had surged by a massive 7.16% in the last 24 hours. The volume at which AVAX was trading at had also increased by 212.91% during this period.


Source: Santiment

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Himalay Patel
Himalay is a full-time journalist at AMBCrypto. A Computer Science graduate, Himalay writes about crypto with a special focus on the latest coin-based updates. He is a fan of gonzo journalism, transgressive fiction, heavy metal, and Manchester United.
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