Bittime - Cryptocurrency prices have been rising rapidly recently. The prices of some of the top altcoins even managed to break important upper limits. So, this article will discuss altcoins that have the potential to make 100% profit next week.
Interestingly, it is the mid- and low-cap altcoins that have surged the most over the past few weeks. This shows a shift in investor interest towards these coins to earn huge short-term profits.
This article discusses the top four altcoins that are predicted to rise 100% in the coming week.
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Arcblock (ABT)
Arcblock is built on the Ethereum network and its tokens use the ERC-20 standard. Arcblock is a platform for building and running decentralized web applications (dApps).
They call themselves a blockchain 3.0 product platform that makes it easy to create, use, and manage applications.
Also read: Altcoin Season Prepares for Expansion Again, 5 Best Altcoins to Add to Portfolio
The price of the ABT token fell slightly by around 4% in one day, but increased by 34.74% in the last week. Additionally, with a market cap of $396 million, ABT's price has risen 1,828.66% since the start of the year.
Several technical indicators such as 50/200-day EMA and MACD are showing strong bullish signals on the 1-day timeframe, indicating good prospects for this token going forward.
If the positive trend continues, Arcblock price is likely to test its upper resistance level of $5.50 by the end of the month. However, a price drop could take ABT to its lower support level at $2.95.
Cream Finance (CREAM)
Cream Finance is a decentralized lending (DeFi) protocol that can be used by individuals, institutions, and other protocols to access financial services. The CREAM project is also part of the Yearn Finance ecosystem.
It is a permissionless, open-source blockchain serving users on Ethereum, Binance Smart Chain, Polygon, and Fantom.
Also Read How to Buy Crypto:
When this article was written, the CREAM token price was at $57.61 with a market cap of $106.4 million. CREAM has a circulating supply of 1,855,659 tokens and a total supply of 2,924,546 tokens.
The Moving Average Convergence Divergence (MACD) indicator shows a significant increase in buying pressure in the crypto market. The average price also indicates bullish sentiment, which means the price is likely to continue rising in the future.
Also read: 3 Most Potential Altcoins This Week
If the crypto market momentum picks up again, CREAM price could reach its upper resistance level of $80. However, a price drop could take CREAM to its lower support level of $47.75 this month.
Drift (DRIFT)
Built on the Solana blockchain, Drift is a fully on-chain perpetual and spot decentralized exchange (DEX). Drift offers its users the ability to trade pre-launch assets and already-launched tokens with up to 10x leverage.
DRIFT price rose around 3% in a day and 289.45% in the last week. Additionally, its price has surged more than 260% since its initial launch, indicating a strong bullish outlook for this altcoin in the future.
When this article was written, the Drift token price was at $0.3894 with a market cap of $65 million. Drift has a circulating supply of 167 million tokens and a total supply of 1 billion tokens.
Solchat (CHAT)
Solchat (CHAT) is a Solana-based communications protocol used to improve the quality of conversations. Solchat offers text, voice, and video calling features similar to Web2 but in a Web3 environment.
Solchat is attracting market attention due to its low gas fees, and encrypted peer-to-peer voice and video calls via WebRTC to maximize security.
CHAT price is up 13.62% in a day and 67% in the past week, indicating a positive outlook for this altcoin in the future.
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Conclusion
The cryptocurrency market is vibrant again and continues to trade with a positive outlook, making it a good entry point for new traders and investors.
However, keep in mind that investing in cryptocurrency carries high risks because the market is very volatile. Always do your own research before investing in any digital asset.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
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Price Analysis of 3 Crypto Giant Altcoins: SUI, LUNC, SHIB
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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