The world of cryptocurrencies is ever-evolving, with new opportunities emerging for investors seeking to diversify their portfolios. Recently, Kyle Doops, host of the popular Crypto Banter’s Trading Show, shed light on a fresh batch of altcoins that were not part of previous market cycles. Despite the current market conditions where altcoins haven’t fully broken out, Doops sees promising signs of a potential surge on the horizon.
As Bitcoin’s dominance wanes, currently hovering around 58%, Doops anticipates that altcoins will soon take center stage. This shift could create an ideal environment for an explosive altcoin season. Reflecting on past cycles, notable cryptocurrencies like XRP, Litecoin, Solana, and Cardano have demonstrated substantial gains. Doops expects similar success stories to unfold soon.
Top 9 Altcoins to Eye in This Cycle
1. Ton Coin (TON)
Ton Coin is an intriguing prospect on the weekly chart, currently positioned at mid-range resistance. According to the analyst, any purchase below this level is considered a discount. The expectation is for Ton Coin to ascend toward $12 in the short term. For long-term gains, the optimal buying opportunity is around $6. A breakout is possible by December or January, traditionally bullish months for price surges.
2. Casper (CSPR)
Casper is finding support at its mid-range level, having outperformed Bitcoin during the 2023 bull run. Further gains could extend to the $0.28–$0.30 range. Long-term holders might consider buying around $0.14. A break above $0.18 would indicate continued upward potential, making it an altcoin to watch closely.
3. Sui (SUI)
Sui, often regarded as an underdog, is currently consolidating after reaching the 1.618 FIB extension. A brief pause and consolidation are expected before a move towards $6.65. Should Bitcoin experience a significant dip, Sui may fall to the $2 range, presenting a prime buying opportunity. The long-term outlook remains positive, with prospects for robust growth.
4. Injective (INJ)
Injective is another hot coin, currently at mid-range levels on its weekly chart. To target a move up to $4.50, the price needs to reclaim $3. Buying within the mid-range zone offers a good reaccumulation strategy. Once it surpasses the $3 mark, the next target would be $4.50, with further upside potential towards $7.20.
5. Render (RNDR)
Render presents a strong entry pattern, boasting a favorable chart setup for potential growth. Although relatively new to the list, the coin offers an attractive price point for investment in the coming months.
6. FET (Fetch.ai)
Fetch.ai is in a bullish phase following consolidation, and it is expected to move higher as the market cycle progresses. Investors should monitor any retracement into support levels for a potential entry, as Fetch.ai is likely to continue performing well in the next market phase.
7. XLM (Stellar Lumens)
Though not heavily hyped, XLM is in a solid position to gain momentum and show signs of growth. With ongoing developments in the Stellar network, the outlook remains bullish. Buying near support levels is advisable, with the goal of holding through the upcoming bullish phases.
8. ADA (Cardano)
Cardano, amid easing regulations, has been consolidating its range and may be gearing up for a breakout. Its strong fundamentals and development updates suggest a positive outlook. Investors should keep an eye on key resistance levels for confirmation of an upward trend, aiming for long-term gains.
9. MATIC (Polygon)
Polygon is showcasing a robust market presence, with the potential to leverage the growth of decentralized applications and Ethereum’s ecosystem. Look for potential price dips to invest in Polygon, as the network continues to expand and attract more adoption in the DeFi space.
Out of these 9 hidden gems, which altcoin will you pick in the upcoming altcoin season?
