As the cryptocurrency market gains momentum, investors are turning their attention to altcoins with high growth potential. This article explores three tokens that may offer profitable returns in a bullish market.
Virtuals Protocol
Virtuals Protocol is gaining fast traction in the AI and gaming sectors with a staggering 5251% growth over the past year, leading to a market cap of 1.14 billion dollars. The token is actively used for AI agent creation and gamified environments.
The 4-hour chart shows consolidation following a recent peak of 1.87 dollars with the current price around 1.776 dollars. The RSI stands at 61.20, indicating room for further upward movement. The widening Bollinger Bands suggest possible volatility ahead, with the price hovering near the upper band signaling strong bullish momentum.
If this trend holds, Virtuals could move towards the 2.5-3 dollar range in the short term, with potential to reclaim its all-time high of 5.07 dollars.
Ethena
Ethena is considered one of the most undervalued DeFi tokens in the current market. Backed by major venture capitalists and known for its synthetic stablecoin innovations, the protocol recently underwent a steep correction. It now trades at 0.3381 dollars, nearly 75% below its all-time high of 1.32 dollars. Despite the dip, trading volume remains high at 896 million dollars, and the RSI at 67.90 suggests bullish continuation might be possible after a brief cooling off period.
The price action on the 4-hour chart shows a healthy consolidation around the 20-SMA at 0.3112 dollars, indicating accumulation at support. Given the strength of its fundamentals and a recent 31.96% gain over the past week, Ethena is poised for a recovery towards 0.70 dollars or beyond.
Dogwifhat
Dogwifhat, the viral meme coin on Solana, remains a crowd favorite despite its current 80% drawdown from the all-time high of 4.85 dollars. With a price of 0.967 and a market cap just under 1 billion dollars, WIF retains significant liquidity and community interest. The recent pullback, while sharp, appears to be a healthy correction after a rally, with the RSI around 52.94 confirming a reset from overbought conditions.
Technically, WIF is sitting just above the middle Bollinger Band at 0.968 dollars, suggesting price stabilization before a possible upward leg. Its alignment with trending NFT and gaming themes gives it continued viral potential, and any major social push could reignite momentum quickly. A conservative downside risk places WIF at 0.85 dollars, with an average range around 1.25 dollars. If the meme coin mania returns, a move toward 2.50 dollars is not out of reach.
The altcoins Virtuals Protocol, Ethena, and Dogwifhat showcase different growth prospects in a bullish market, making them interesting to follow.
