According to a technical analyst, six altcoins are positioned for a potential 300% surge during the ongoing bullish market trend.
Bitcoin’s recent rise to $52,000 has injected substantial capital into the crypto market. As a result, many alternative cryptocurrencies have experienced significant gains, with some recording increases of up to 50%.
Altcoins with Potential for Significant Growth
Amid the ongoing trend, a well-known technical analyst has compiled a list of altcoins he believes could experience a substantial two to three-fold increase during the current bullish season.
In a recent post on the social media platform X, analyst “JD” advised members of the crypto community to keep an eye on six specific altcoins. He asserted that these digital assets have the potential to achieve gains of 200% to 300% before any significant price correction.
Pay close attention to these altcoins that can potentially 2-3x before a nice retracement, then next move up!$VRA$CRV$DOGE$ROSE$XRP$HBAR
I have other altcoins I'm loading up if we have another dip posted on Patreon/Discord!
IGNORE NARRATIVES, FOLLOW THE TA TO BE THE 5%!!
— JD 🇵🇭 (@jaydee_757) February 16, 2024
Furthermore, JD suggested that even after potential price retracements, these altcoins are likely to rebound and undergo another round of explosive growth.
Top Picks for Potential Growth
1. Verasity (VRA)
Leading the analyst’s selection is Verasity (VRA), a low market cap coin trading for less than a penny at $0.007215. VRA has seen a significant 32.12% increase over the past week. Verasity aims to combat advertising fraud by providing transparent infrastructure access to publishers and advertisers.
2. Curve DAO (CRV)
The analyst also highlights Curve DAO’s CRV token as a promising choice. CRV, a mid-cap cryptocurrency valued at over half a billion dollars, has seen a 6.21% gain over the past week, trading at $0.5348. Curve is a decentralized exchange designed for stablecoins and has gained traction within the DeFi space since its inception in 2020.
3. Dogecoin (DOGE)
Dogecoin, the meme-based cryptocurrency, also makes the list. Despite currently trading at $0.08515 with a modest 5% increase over the past week, the analyst anticipates the potential for a 300% surge, primarily driven by the influence of tech mogul Elon Musk.
4. Oasis Network (ROSE)
The analyst sees potential in Oasis Network’s ROSE token, despite recent declines in price. ROSE, trading at $0.1198, represents a privacy-enabled and scalable layer-1 blockchain network aiming to lay the groundwork for the next generation of Web3.
5. XRP
XRP, the fourth largest altcoin with a market share exceeding $30 billion, is also on the radar. Despite concerns surrounding its underperformance, technical analysts anticipate a potential 300% surge in the coming weeks, with XRP trading at $0.5594.
6. Hedera (HBAR)
Lastly, Hedera’s native token HBAR is highlighted for potential growth. Trading at $0.08455 with a 7.7% gain over the past seven days, HBAR represents a highly utilized, sustainable public network for the decentralized economy, facilitating the development of robust decentralized applications.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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