The strong recovery in the cryptocurrency market has caused many altcoins to break significant resistance levels. Leading the pack, Bitcoin (BTC) managed to rise above the $64,000 level, signaling increasing bullish sentiment in the market. In this article, we will discuss three altcoins with growth potential up to 100% in the coming weeks.
Arcblock (ABT)
Arcblock has attracted all attention by rising approximately 25% in the last 24 hours and reaching a trading volume of $3.81 million. ABT, which gained 48% in value last week, has risen 810% since the beginning of the year. With a market cap of $196.52 million, Arcblock ranks 235th and shows a strong upward trend with the Relative Strength Index (RSI) on the 1-day timeframe. ABT is expected to continue gaining value this week. If it stays above the $2 support level, the price is likely to move towards the $2.952 resistance. However, a possible downtrend could pull the price to $1.345.
Solama (SOLAMA)
Solama, part of the Solana ecosystem, offers innovative experiences in the meme world inspired by Shiba Inu and the Ethereum network. SOLAMA has risen by 6.18% in the last day and 53.76% in the past week, increasing by 3,215% since its launch. With a circulating supply of 653.86 million and a market cap of $8.79 million, SOLAMA ranks 1,056th.
Popcat (POPCAT)
POPCAT has risen by 82.86% in the last week, providing long-term investors with an annual gain of 9,060%. With a market cap of $727.87 million, the altcoin ranks 89th and indicates increasing buying pressure in the market with the MACD indicator. If the bullish sentiment in the market continues, POPCAT’s price could rise to $0.99730. However, a possible bear market movement could pull the price down to $0.38805.
The growth in the cryptocurrency market continues to attract investors' attention to various altcoins. Arcblock, Solama, and Popcat show significant growth potential in the near future despite possible price fluctuations.
Comments