|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
3 Altcoins to Watch This Week: Aptos (APT), dYdX (DYDX), and Fetch.ai (FET)
Nov 11, 2024 at 08:00 pm
November started off very well, with many cryptocurrencies, including Bitcoin, forming new all-time highs. Amidst the chaos, however, some altcoins are getting sidelined and hold the potential to note gains.
November began on a high note, with many cryptocurrencies, including Bitcoin, notching new all-time highs. But amid this chaos, some altcoins are getting sidelined and holding the potential to note gains.
BeInCrypto has analyzed three such altcoins to watch this week. They have some major developments lined up that could trigger a surge in price.
Aptos (APT) benefits from a strong bullish week, with its price climbing 35% to reach $10.72. The altcoin now aims to secure the 61.8% Fibonacci Retracement level at $11.64 as support, which could reinforce its upward momentum and attract further investor interest.
Today, Aptos unlocked 11.31 million APT tokens valued at $121 million, but this did not trigger a significant price decline. This resilience suggests solid investor confidence in Aptos, potentially fueling continued gains as the altcoin demonstrates strength amid increased circulating supply.
However, if Aptos fails to breach the $11.64 resistance, a decline to $9.79—aligned with the 50% Fibonacci level—is possible. Losing this support could shift sentiment, invalidating the bullish outlook and suggesting potential for a short-term correction in price.
dYdX (DYDX) price surged by 38% this week, though it remains within a consolidation range established in August, holding the altcoin under $1.33. Investors are closely monitoring for signs of a breakout, as sustained gains are necessary to confirm a stronger upward trend.
The recent approval of a proposal by the dYdX community treasury established the dYdX Treasury SubDAO. This was followed by a vote to transfer 45,000,000 DYDX to support a new staking program. These actions reflect growing momentum in governance, setting the stage for possible future growth in the asset.
This positive development will likely attract more attention and investment, which could push dYdX past the $1.33 resistance. Should the altcoin breach this level, a bullish trend could follow. However, failure to break out of consolidation would keep dYdX within its current range.
Artificial Superintelligence Alliance (FET) price has surged by 28.5% this week, bringing the altcoin back above the critical support level of $1.40. The next resistance is at $1.71, which, if surpassed, could propel FET toward the $2.00 mark, signaling strong bullish momentum.
This week is pivotal for FET, as the Superintelligence Summit on Monday will spotlight leading AI-powered crypto projects, including the Artificial Superintelligence Alliance. Such events often attract investor interest, and FET could benefit from heightened attention on AI-driven blockchain technologies.
A bullish outcome from the summit could drive FET’s price up to $1.71 or higher. However, if FET fails to breach this resistance, the altcoin may retrace back to $1.40 or lower, weakening the bullish outlook and suggesting a potential price stabilization.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Qubetics ($TICS): Redefining Blockchain Innovation
- Jan 20, 2025 at 11:50 pm
- Cryptocurrency enthusiasts and investors alike are constantly searching for the next big thing in the market. With blockchain technology advancing at lightning speed, certain projects are standing out from the pack for their innovation and utility. Among these are Tron and Toncoin, two well-established names continuing to make waves. And then there’s Qubetics ($TICS), the rising star that’s captivating attention with its groundbreaking solutions and unprecedented market momentum.
-
- The Best Coins to Join in January 2023 for Massive Profits
- Jan 20, 2025 at 11:50 pm
- Are you searching for the best crypto investments that could skyrocket your portfolio this January? With the market buzzing with potential, now's the time to dig into projects that aren't just hype but offer real-world solutions. Toncoin and Monero have been making headlines, each standing out for their innovative technology and strong communities. Toncoin is rapidly expanding within the blockchain space, focusing on scalability and speed, while Monero continues to dominate the privacy coin sector, offering unmatched anonymity in transactions. These projects are gaining serious traction, and savvy investors are paying close attention.
-
- Trump Price Tanks Amid $Melania Launch
- Jan 20, 2025 at 11:45 pm
- Trump, which debuted just days before Melania's token, initially saw massive demand, pushing its price above $70 and its market capitalization to over $14 billion. However, following Melania's announcement on social media, Trump's price plunged more than 50%, falling to $30 before recovering to $64.