The cryptocurrency market is currently experiencing a bullish trend, with Ethereum leading the way by maintaining its value above the $2,600 level. As a result, Ethereum-based altcoins are also gaining momentum, with some tokens seeing a triple-digit surge this month.
Investors are now on the lookout for potential “100x Gems” as the AltSeason market approaches. In this article, we will highlight the top 3 Ethereum-based altcoins that have the potential to outperform the overall crypto market.
Moon Tropica (CAH)
Moon Tropica, also known as CAH, has been gaining significant momentum in recent days. The CAH price has increased by 8.71% in the last 24 hours, with a trading volume of $352,929. Over the past week, it has surged by 63.47% and by approximately 44% in the last 30 days. With an impressive surge of over 400%, CAH is currently one of the best performers in the Ethereum ecosystem.
The Moving Average Convergence Divergence (MACD) indicator shows a steady rise in the histogram, indicating a potential uptrend in the CAH price. If the bullish momentum continues, CAH could break out of its key resistance level and reach a high of $17.450. However, a bearish scenario could push the price down to its crucial support level of $7.465.
JasmyCoin (JASMY)
Despite trading at a significant discount from its all-time high (ATH), JasmyCoin (JASMY) has seen a 14.61% increase in the past week and a 24.84% surge in the last month. With a year-to-date return of +266.55%, JASMY has secured the 64th position with a market cap of $1.187 billion.
The EMA 50/200-day has recently recorded a Golden Cross in the 1D timeframe, indicating a bullish trend for JASMY. The RSI indicator is also nearing the overbought range, further supporting a positive outlook for the coin in the upcoming week.
Keeping the price above the resistance level of $0.02450 could pave the way for JASMY to reach its high of $0.03150. Conversely, a bearish scenario could see the price retesting its low of $0.01790 in the near future.
Ondo (ONDO)
Ondo (ONDO) has been making waves in the market with an 18% increase in the past week, a 25.49% surge in the last month, and a remarkable 407.68% growth this year. The ETH-based altcoin is currently trading at a 44.18% discount from its ATH, making it an attractive pick for the upcoming AltSeason.
The Simple Moving Average (SMA) indicator is providing constant support to the ONDO price chart in the 1D timeframe, while the MACD indicator shows a consistent green histogram, indicating a positive outlook for the coin.
If the market continues to exhibit a bullish sentiment, the ONDO price could climb towards its resistance level of $1.216. However, if bears take control, the price may drop to its support level of $0.6970.
Overall, these Ethereum-based altcoins – Moon Tropica (CAH), JasmyCoin (JASMY), and Ondo (ONDO) – have shown strong potential to outperform the crypto market in the near future. Investors should keep a close eye on these projects as they continue to gain momentum in the ever-evolving cryptocurrency space.