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Cryptocurrency News Articles
5 Altcoins Poised for Remarkable Growth by Year-End, Experts Say
Sep 21, 2024 at 11:15 pm
A surge in the cryptocurrency market is on the horizon, with certain altcoins predicted to experience a remarkable increase by the end of the year.
A few cryptocurrency prices are set to skyrocket in the coming months, with some altcoins predicted to experience a remarkable increase by the end of the year. Experts have highlighted a handful of digital currencies that are poised for significant gains.
Here are five altcoins that could surge by 200% to 400% in the next six months.
1. VeChain (VET)
VET is showing strong signs of an upward trend, with its price currently between $0.0200 and $0.0228, and an impressive 10% growth in the past week. With the bulls gaining momentum, breaking through the key resistance level at $0.0243 is within reach, which could propel the price to $0.0271, representing a solid 18% rise. The RSI remains healthy at over 61, indicating that VeChain is well-positioned for further growth as market optimism builds.
If the bullish trends continue throughout the year, VET could potentially surge by up to 235% from its current price, putting it on track to hit 0.07 cents by December.
2. Sui (SUI)
SUI has been showing remarkable strength, with a surge of nearly 44% in the last week and a 74% rise this month. Trading between just under a dollar and over a dollar, SUI has held firm against bears, with support at 76 cents. If it can break through the $1.30 resistance, it could soar to $1.57, marking a potential 30% gain.
With indicators like RSI and stochastic signaling growth, SUI is in a strong position to continue its upward trajectory, possibly delivering up to 360% gains by year-end.
3. Fantom (FTM)
FTM is showing renewed strength with a price surge of over 40% in the past month. Currently trading between forty-four and fifty-five cents, bulls are positioning Fantom to break through key resistance levels at sixty and seventy-one cents. If successful, Fantom could see substantial growth ahead.
Despite past dips, recent gains demonstrate strong bullish momentum, with the potential for a continued rally. Fantom could see gains of up to 290% as it rides bullish waves into year-end.
4. Render (RENDER)
RENDER is building bullish momentum, trading between $4.68 and $5.36, and positioning itself for a potential breakout. With the current price slightly above its 100-day average, Render is on the cusp of pushing past key resistance at $5.76. A move past this level could unlock a potential 20-30% gain, targeting $6.43.
Render's bullish activity suggests more growth could be on the horizon, with projections of a 250% increase by the end of the year.
5. The Graph (GRT)
GRT is showing promising recovery, with 10% growth in the past week and a solid upward trend. Currently trading between thirteen and fifteen cents, breaking through resistance at sixteen cents could open the door to a potential rise of twenty percent, pushing GRT to eighteen cents.
The coin's RSI of 63 and a stochastic score nearing 80 signal strong bullish activity. If momentum continues, GRT could see growth up to 320% by year-end.
Conclusion
By year-end, a select group of altcoins is set to make waves with significant growth. The altcoins highlighted—VeChain, Sui, Fantom, Render, and The Graph—are all demonstrating strong bullish potential as they continue to gain momentum.
Experts are forecasting a stellar 2024 for these digital assets, with projections of 200% to 400% gains by the end of the year. These coins are positioned for major breakouts, offering investors promising opportunities as the cryptocurrency market looks set for an explosive surge.
For those seeking high-growth prospects, these altcoins could lead the charge in delivering substantial returns in the months ahead.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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