Top Altcoins To Buy: Nervos Network (CKB), Baby Doge Coin (BABYDOGE), Big Time (BIGTIME)

As the broader market recovery takes a minor pause, an entry opportunity arises in the top-performing altcoins for missed-out traders.

As the broader market stalls after a strong recovery, top-performing altcoins present an entry opportunity for traders who missed out on earlier gains. With Bitcoin (BTC) now trading around $58,500, several altcoins are poised to continue their upward momentum.

These altcoins span the spectrum from top weekly performers to surging meme and gaming coins known for their rapid price movements. In this analysis, we will identify the top altcoins that could potentially turn an initial investment of $10 into $100 during the next major crypto bull run.

Let’s perform a quick technical analysis of the following altcoins to pinpoint potential buying zones.

Top Altcoins To Buy:

1. Nervos Network (CKB)

With a market capitalization of $697 million, Nervos Network (CKB) emerges as the top weekly gainer among the top 100 altcoins. The CKB token price surged over 91.58% over the last seven days, surpassing the psychological price level of $0.0155. At the time of writing, CKB trades at $0.01555, exhibiting an intraday pullback of 9.04%.

On the weekly chart, the CKB price action formed a massive bullish engulfing candle with a 108% surge, triggering a bullish crossover in the MACD indicator. Notably, the Fibonacci levels indicate that the recovery rally surpassed the 38.20% level and encountered resistance at the 50% level, which is priced at $0.01915.

However, the surging price action and intraday pullback retest the 38.20% breakout, presenting an entry opportunity for traders who missed out on the initial rally. On the daily chart, the altcoin price reveals a falling wedge pattern, setting up a bullish trend reversal.

Based on the Fibonacci levels, the upside targets for a bullish continuation are at $0.023 and $0.028. Optimistically, with a broader market recovery, the CKB price is likely to hit the $0.05716 mark in the next bull run. Considering the network growth and its positioning as the next big blockchain in the industry, the altcoin could reclaim the $0.10 psychological mark.

2. Baby Doge Coin (BABYDOGE)

Boasting a market capitalization of $248 million, Baby Dogecoin (BABYDOGE) is a rising meme coin in the industry. With a 53.26% jump in the last 24 hours, BABYDOGE formed a massive bullish engulfing candle on the daily chart.

Moreover, it marks a falling wedge pattern breakout on the daily chart as the altcoin coin surpasses the 23.60% Fibonacci level. The bullish trend reversal also triggered a positive crossover in the MACD indicator and reclaimed the $0.0000016 mark.

Currently, BABYDOGE trades with an intraday gain of 55.97% and targets the 50% Fibonacci level. As the broader market recovers, the meme coin shows potential for a 10X surge in the next bull run.

Check out Coinpedia’s Dogecoin price prediction to learn about the biggest meme coin, DOGE, targets in 2024.

3. Big Time (BIGTIME)

With a market capitalization of $129.54 million, Big Time (BIGTIME) ranks at 278th position in the crypto market. Notably, BigTime is a multiplayer action game for PC and is emerging as a rising name in the crypto gaming sector.

Currently, the BIGTIME token price trades at $0.1212 with an intraday pullback of 8.65%. However, the token price increased by 55.14% last week following the 25% surge the week prior.

In the daily chart, the altcoin reveals a range breakout and a reclamation of the $0.10 psychological mark with a positive trend in the MACD indicator. As the bullish recovery in BigTime gains momentum, the upside potential for the gaming token stands at $0.8205, the highest closing price.

Further, the increased chances of a trendline breakout for the gaming token support the 10x surge bullish rally chances.