The post Analysis of Potential Altcoins Entering Top 10 in the Cryptocurrency Market appeared on Coinpedia Fintech News.

The current trends in the cryptocurrency market have seen a shift favoring lesser-known altcoins that are gaining traction and outshining established players like XRR or ADA. Cardano, once near the top 5, is now at risk of being pushed out of the top 10. Similarly, XRP and Dogecoin have maintained their positions but without significant movements.

The question arises: what are the chances of these stalwart tokens being displaced by emerging altcoins such as PEPE, LINK, or other promising alternatives?

With the exception of Toncoin (TON), the altcoins in the top 10 have entered a bearish phase, facing increasing selling pressure. Interestingly, not all assets in this group are the most traded; notable volumes have been seen in FDUSD, NOT, and PEPE. This situation sparks speculation about the potential entry of new promising tokens into the top 10–15 spots, raising concerns for existing tokens.

Here are some altcoins that could climb into the top 10 during the next bullish wave:

• Pepe (PEPE)
• Shiba Inu (SHIB)
• Avalanche (AVAX)

Of all the top 10 tokens, two have notably lower trading volumes: Toncoin and Cardano. In contrast, Pepe has consistently achieved over a billion in trading volume in recent days. While FLOKI boasts higher trading volume than SHIB, LINK, or AVAX, it faces challenges in breaking into the top 20 initially.

Shiba Inu has been consolidating above the critical support level at $0.00002 for an extended period, hinting towards a potential bullish resurgence. Avalanche (AVAX) has experienced a price breakdown from its upward channel, prompting bulls to rally against the descending trend and aim for a strong recovery. Conversely, Cardano's price is under pressure due to low volume and volatility, risking an exit if bullish activity does not pick up.