Top 3 Ethereum-Based Altcoins That Can Outperform the Market in 2023

As the crypto market holds its bullish momentum, the altcoin leader, Ethereum, maintains its value above the $2,600 level.

As the crypto market continues to experience a bullish trend, investors are keeping a close eye on altcoins that have the potential to generate substantial returns. Among these altcoins, ETH-based tokens have been displaying impressive price surges.

With the possibility of an AltSeason market on the horizon, investors are actively searching for promising "100x Gems." In this article, we will uncover the top 3 Ethereum-based altcoins that are poised to outpace the broader crypto market.

Moon Tropica (CAH)

The CAH price has exhibited remarkable resilience, surging by 8.71% in the past 24 hours. This price movement was accompanied by a trading volume of $352,929.

Furthermore, the Moon Tropica coin price surged by 63.47% over the past week and ~44% during the past 30 days. With a surge of over 400%, it emerges as one of the top performers within the Ethereum ecosystem.

A glance at the Moving Average Convergence Divergence (MACD) reveals a continuous rise in the histogram. Additionally, both averages are trending upward, indicating a possible continuation in the Moon Tropica price increase.

If the bullish momentum persists, the Moon Tropica price could break through its crucial resistance level and ascend toward its upper high of $17.450 in the upcoming period. However, any bearish market action could lead to a price pullback toward its crucial low of $7.465.

JasmyCoin (JASMY)

Despite trading at a significant discount from its previous ATH, the Jasmy price experienced a surge of 14.61% over the past week and 24.84% during the past month.

With a YTD return of +266.55%, JASMY secured the 64th position among cryptocurrencies, boasting a market cap of $1.187 billion at the time of writing.

Interestingly, the EMA 50/200-day showcased a Golden Cross in the 1D time frame. Moreover, the RSI indicator hovered near the overbought zone. Both of these technical indicators hinted at a bullish outlook for the Jasmy price during the upcoming week.

If the price manages to stay above its resistance level of $0.02450, it could pave the way for this altcoin to reach its upper high of $0.03150 in the following period. Conversely, if the bears regain strength, the JasmyCoin price may retest its low of $0.01790 in the coming time.

Curious about Jasmy Coin’s future? Check out our detailed Jasmy Price Prediction

Ondo (ONDO)

The Ondo price remained in the spotlight, adding ~18% to its value over the past week. Furthermore, it surged by 25.49% during the past month, and 407.68% year-to-date (YTD).

This ETH-based altcoin is trading at a discount of 44.18% from its ATH, making it a potential candidate for the AltSeason.

A closer examination of the technical indicators reveals that the SMA indicator is constantly providing support to the Ondo price chart in the 1D time frame.

Additionally, the MACD showcases a steady green histogram. Together, these indicators suggest a positive outlook for the Ethereum-based altcoin in the cryptocurrency market.

If the market continues to experience bullish sentiment, the Ondo coin price could ascend toward its upper resistance level of $1.216 in the upcoming period. On the other hand, if the bears gain momentum, the price may decline toward its support level of $0.6970.