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With Bitcoin targeting $150,000, these 5 altcoins are primed for substantial gains.
As year-end approaches, the cryptocurrency landscape is buzzing with anticipation. Bitcoin is on the verge of achieving a landmark price, and various lesser-known altcoins are demonstrating significant potential for growth. This article provides an in-depth look at 5 altcoins that might see considerable increases, capturing the interest of investors eager for the next big opportunity.
DOGEN anticipates a 333% increase, aiming for 500% by TGE
DOGEN, an emerging meme coin on the Solana blockchain, is garnering attention due to its impressive presale performance and growth prospects. Modeled after the viral success of tokens like BONK, WIF, and Popcat, DOGEN fuses meme culture with Solana’s scalability, making a mark in the dynamic altcoin market.
Starting at $0.0003 during Stage 1, the token has already skyrocketed by 333% to $0.0013 in Stage 9. As the presale approaches Stage 13, the price is anticipated to reach $0.0019, promising an impressive 500% return for early investors.
DOGEN’s comprehensive referral program features three tiers of rewards: 7% in USDT for direct referrals, 2% for second-tier, and 1% for third-tier purchases. Weekly distributions encourage ongoing community participation. Moreover, DOGEN’s Golden Points system provides bonuses through airdrops, rewarding investments with up to a 12% increase for purchases over $10,000.
With a strong community emphasis, alongside solid presale growth and future utility, DOGEN is emerging as a noteworthy option within the Solana ecosystem.
Prospective investors can join DOGEN’s exciting presale.
Ethereum
Ethereum operates on a Proof-of-Stake blockchain and is renowned for its smart contracts and extensive range of decentralized applications. It continues to be the second-largest cryptocurrency, boasting a market capitalization of $400.69 billion.
Currently, ETH is priced at $3,326.28, reflecting a decrease of 2.65% over the past week and 6.68% over the last month. In the past 24 hours, the ETH trading volume surged by 27.15%, reaching $25.23 billion, with a volume-to-market-cap ratio of 6.29%. Analysts argue that while Ethereum remains 32.37% below its all-time high of $4,891.70, it has the potential to reclaim and exceed these levels shortly.
TRON
TRON is a decentralized blockchain platform established in 2017 by the Tron Foundation. The TRX value experienced a significant uptick in early December, reaching a peak of $0.4407 on December 4. However, TRX is currently trading at $0.2593, representing a decline of nearly 40% from its recent high.
Despite this downturn, TRON is still up by 29.79% compared to a month ago and has seen a 5.45% increase over the past week. In the last 24 hours, TRX’s price climbed by 3.56%, making it one of the top performers among the ten largest cryptocurrencies by market cap.
Technical indicators indicate that TRX is stabilizing with a favorable outlook. Key support levels include Major Oblique Support at $0.246 and the 50-day Simple Moving Average (SMA) at $0.23915, both of which could facilitate a potential breakout. Conversely, the Bollinger Upper Band at $0.31 aligns with recent highs, and a breakout above this level could indicate a strong bullish trend for TRON.
BNB
BNB, the native token of the Binance ecosystem, is currently priced at $692.63, with an increase of 2.88% over the past week and 8.48% over the last month. With a market cap of $99.74 billion, BNB has demonstrated robust momentum, underpinned by a 56.86% rise in 24-hour trading volume to $1.91 billion.
On December 22, BNB traded below the 50-day SMA at $658, but bears were unable to push past the critical support level at $635. Currently, bulls are attempting to initiate a recovery rally, likely facing resistance around the 20-day EMA at $685. If the price retracts at this level, bears may make another attempt to drive BNB below the uptrend line, potentially causing a decline towards $550.
However, if the price surpasses the 20-day EMA, it may signal that the market could consolidate in the $635 to $722 range temporarily. A breakout and close above $722 would suggest that bulls have regained control.
Solana
SOL is currently trading at $185.85, having experienced a nearly 3% decline in the past 24 hours. The asset’s market cap and trading volume also reflect a bearish trend.
Despite the recent downward price action, the Net Realized Profit/Loss metric for SOL suggests that investors maintain a bullish sentiment. The 0.78 Fibonacci retracement level has provided strong support for SOL. As the price approaches the 0.618 retracement level near $197, the support zone between $181.75 and $179.66 will be pivotal in determining its next movement.
If the recent surge in investor confidence and increased activity on the Solana network persists, SOL could set its sights on $254 as its initial target. Analysts have projected additional medium-term targets of $302 and $345.
Conclusion
As Bitcoin reaches for new heights, well-established coins like ETH, TRX, BNB, and SOL may provide steady gains, but DOGEN distinguishes itself through its focus on luxury and success. By cultivating a community of ambitious leaders and offering exclusive benefits to early adopters, DOGEN exhibits significant potential this altcoin season.
For further details about DOGEN, explore their website, Twitter, or Telegram.
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