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Cryptocurrency News Articles

3 Altcoins With the Potential to Repeat Dogecoin's Explosive 2017 Rally

Feb 16, 2025 at 07:05 pm

Rexas Finance (RXS), Fartcoin (FARTCOIN), and Hyperliquid (HYPE) are three altcoins with the potential to repeat Dogecoin's explosive 2017 moves.

3 Altcoins With the Potential to Repeat Dogecoin's Explosive 2017 Rally

In 2017, Dogecoin (DOGE) experienced an incredible rally, rising over 4,000% and becoming one of the most talked-about cryptocurrencies. Its meteoric ascent and meme-status have left many traders searching for the next big opportunity.

Could certain altcoins follow in Dogecoin’s footsteps and deliver mind-boggling gains? We've identified three promising candidates that could potentially rally 4000%, echoing Dogecoin’s parabolic moves.

Rexas Finance (RXS) is a new entry in the crypto world, but it's quickly gaining attention. The project aims to make it easier for people to create and manage their own digital assets with a no-code Token Builder and a QuickMint Bot that integrates with messaging platforms.

Its vision is to expand the possibilities of real-world asset (RWA) tokenization by addressing challenges like high transaction costs, illiquidity, and geographical barriers, especially for small and international investors. Rexas Finance’s approach and the utility of its ecosystem could drive a massive rally, setting the stage for an explosive 4000% surge.

Fartcoin (FARTCOIN) has been on a wild ride, and at the time of writing, it's showing signs of recovery. The price has risen 3.7% on the hourly chart, and key market indicators are hinting at a potential rally.

The Relative Strength Index (RSI) is at 37.15, indicating that the coin is nearing oversold conditions. This could suggest a turnaround if buying interest picks up.

Moreover, Fartcoin has been attracting the attention of deep-pocketed investors, with one major investor converting $3.66 million worth of JITOSOL to purchase 5.5 million FARTCOIN. Another whale, using a fresh wallet, spent $2.43 million in USDC to acquire 2.84 million FARTCOIN.

Finally, Hyperliquid (HYPE) has a promising setup on the lower timeframes. It's still in the green on most timeframes. However, on the daily chart, it has dipped merely 1.2% and 5% on the monthly chart. Despite this dip, it's gained almost 2% in the past hour, showing buyers are beginning to re-enter.

However, technical indicators are currently bearish, indicating that sellers are in control. The Directional Movement Index (DMI) is shifting downward, while the Bollinger Band Trend (BBTrend) has dropped sharply.

Despite this, HYPE's overall trend is more stable than many other assets in the current market downturn. Once buyers take control, HYPE has the potential to rebound strongly. A move past $24.39 could open the door for a rally toward $27, with further gains possible if bullish momentum strengthens.

Disclaimer:info@kdj.com

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Other articles published on Feb 21, 2025