Since the price of Bitcoin is continuously rising, many altcoins are indicating bullish trends. A number of crypto analysts highlighted seven altcoins that can cause a boom before the end of this year. Some of these crypto projects are FXGuys ($FXG), Fantom (FTM), Cardano (ADA), Bonk (BONK), Pepe (PEPE), Shiba Inu (SHIB), and Solana (SOL).
Of these altcoins, FXGuys has received the attention it deserves, and therefore, it is at the top of the list. FXGuys is experiencing growth in the market with the staking mechanism and Trade2Earn program. The project is at stage two of the presale and has achieved much success, making it the best crypto trading platform.
This article will explore these seven altcoins set to surge before the year ends.
Fantom (FTM): The Platform Signals A Bullish Sentiment
Fantom rallied by 16% on December 15th to pave the way for a big upgrade and rebranding to Sonic soon. For the application, the upgrade will improve the speed and affordability of the L1 blockchain while also making it easier for developers to work with. All these will make it more competitive against rivals such as Solana, Ethereum, Avalanche, and other emerging blockchains.
The wallets belonging to whales with balances between 10M and 100M FTM possessed 490M FTM, twice as much as the wallets of whales with balances ranging from 1M to 10M FTM, which held 210M FTM. Therefore, the gathering buying frenzy by the leading whale category pointed to a bullish sentiment on the token. For this reason, most analysts are anticipating an upward breakout shortly in the cryptocurrency.
Cardano (ADA): Strong Accumulation Of Token By Whales
Whales of the Cardano ecosystem did benefit from the recent downfall of the cryptocurrency markets. They just continued to pile up after pocketing part of their profits when the price surged above an average of $1.15 earlier this month. Data from popular and widely followed analyst Ali Martinez outlined that Cardano bears sold the cryptocurrency at between $1.15 and $1.33 to book profits before the value of the altcoin declined.
When it was around $0.91, they eagerly continued to buy because they believed the price would eventually rise again. According to Martinez, whales have been buying 160 million ADA tokens since the cryptocurrency decreased in value. Such moves sometimes indicate when there is a likely increase, and now analysts are predicting that the token might increase soon.
Pepe (PEPE): The Price Looks Promising
The highest recorded value for Pepe was $0.000028 on December 9, and the token experienced a 26.6% dump in the following nine days. It then retested the 50% price retracement level from the Nov 4 low of $0.000007, ATH at $0.000028 to $0.000018. Approximately in line with this level, there is a daily support level at $0.000017; hence, this region is equally a reversal zone.
If PEPE recovers from $0.000018, it could add 28%, which would take the coin back to revisit its high of $0.000024. However, analyzing the daily chart with an RSI of 45 shows that the bearish sentiment is rather high. If bulls return to the market, then the RSI must hold above its middle line; if so, it will act as an accompanying wind to the recovery that has started.
Solana (SOL): The Number Of Daily Transactions Increases
Solana has tested lows after attaining a high of $264.39.9. It has been in decline in the last month, having declined by 13.20%, which erased all the previous gains made by the currency. Experts pointed out that higher trading volume could mean sellers are emerging, although the bar trend is more bullish.
The Artemis data also revealed that the number of daily transactions on the SOL network has increased. The figures touch close to 67 million a day, rates which have not been experienced in the past few months. That is why, if this trend continues, SOL could be preparing for the new historic price rally.
Shiba Inu (SHIB): A Potential Price Breakout On Horizon
Shiba Inu has relatively low price fluctuations, thus making holders wait for a big pump. Underperformance has been observed in recent times compared to other meme coins and altcoins, and there are strong technical hints of long formation, indicating a bullish scenario. For now, the asset shows a 7% decrease in the last week of trading.
Currently, market analyst Klejdi Cuni pointed out that SHIB is in an upward breakout with some technical indications visible in the daily chart. When Shiba Inu finally leaves the consolidation phase, Cuni has identified several likely targets for the cryptocurrency. The first target of $0.00003232 will be a 32 percent move from the current price.
Bonk (BONK): The Token Demand Continue To Increase
BONK, a meme coin token located in the Solana ecosystem, continues to consolidate as demand for the token rises and whales pour in. An analysis put together by AMBCrypto shows that a bullish pattern has been created on the daily chart of BONK. The analysis pointed out a 40 percent increase in a short period of time.
Also, based on the analysis, the bullish formations on the BONK price chart show a 250% rise in the near future. As per the chain, about $45,73M worth of BONK was withdrawn last week from centralized exchanges. This situation was considered preparing for another possible rise.
FXGuys ($FXG): Offering A Unique Staking Structure
FXGuys has become the best crypto to buy, and it has a possibility of surging before the end of the year. Also, this crypto trading platform employs a particular type of staking mechanism that is different from all other projects in the market. Speaking about the staking platform, the token holders of $FXG have some privileges, making it the most promising crypto to buy among investors.
When staking, you get to receive 20% of the token annually from the volume that has been traded, making it the most promising crypto to buy. This way, you can decide to earn as much as you are willing to stake by inputting the number of tokens you want. Besides, the buy or sell tax is eliminated for any transaction when trading on this platform.
Another aspect that is making FXGuys the best crypto to buy is the Trader Funding Program developed by FXGuys. The trader will have to go through a number of tests and examinations until he is competent for a funded account, which can hold up to $500,000. However, as a trader, you can obtain 80% of the profit share while the rest of the 20% goes to FXGuys, making it the top crypto trading platform.
Conclusion
Although these seven other altcoins could go up before the end of the year, according to some analysts, FXGuys has emerged at the top. FXGuys presale is currently open, and the token costs $0.04. However, if you would like to acquire the token, visit the website to find out how it is being done.
To find out more about FXGuys follow the links below:Presale | Website | Whitepaper | Socials | Audit
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