Many altcoins are trying to make a comeback as they record significant gains. Meanwhile, Bitcoin (BTC) has fallen below $60,000 again, hoping to find support for its next big move. In this article, we'll look at several cryptocurrencies that could explode soon.
Beam (BEAM)
BEAM may soon see a turnaround after a prolonged downturn. According to CoinMarketCap, BEAM's market cap surged nearly 5% to $754.67 million, now ranking 78th among the top 100 cryptocurrencies. Although BEAM saw a slight 6.4% decline in the last 24 hours, trading volume spiked by over 61%. Year-to-date, BEAM has risen over 185% despite a steady decline in recent months. In the past 16 hours, BEAM's volume on Upbit jumped by 242.54%, reaching $122 million.
Fantom (FTM)
Fantom (FTM) shows strong upward momentum with a series of green candles. If FTM surpasses its current highs, it could climb to the $0.60–$0.65 range, marking a potential 30% increase. The FTM chart reveals a descending broadening wedge, which often signals volatility and the possibility of a strong upward move. The current key resistance zone for FTM is between $0.50 and $0.56. Clearing this zone is essential for a bullish breakout and could lead to further price growth for FTM.
Shiba Shootout (SHIBASHOOT)
Shiba Shootout ($SHIBASHOOT) has gained attention, raising over $1.1 million in its presale. The Shiba Inu-themed token with a cowboy hat is rapidly moving towards full development. Soon, the $SHIBASHOOT token will offer various utilities, including opportunities to win crypto prizes, participate in governance, and enter lotteries. Shiba Shootout offers a unique twist for meme coins with 'Shiba Gulch'—a digital space for meme battles.
Interest in altcoins is growing, and many are showing significant potential for future growth. Investors should closely monitor these tokens to ensure they don't miss out on opportunities.
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