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With Bitcoin staring at $150,000, these 5 altcoins are poised for big gains.
As the end of the year approaches, excitement builds in the cryptocurrency world. Bitcoin is setting its sights on a historic price level, and several lesser-known coins are showing signs of significant growth. This article analyzes 5 altcoins that could experience a dramatic rise, capturing the attention of investors looking for the next big opportunity.
DOGEN sees 333% increase, targets 500% with TGE
DOGEN, a rising meme coin on the Solana blockchain, is attracting attention with its impressive pre-sale performance and growth potential. Inspired by the viral success of tokens like BONK, WIF, and Popcat, DOGEN combines the appeal of meme culture with the scalability of Solana to stand out in the emerging altcoin market.
Starting at $0.0003 in Phase 1, the token has already increased by 333% to $0.0013 in Phase 9. With the pre-sale progressing to Phase 13, it is expected that the price $0.0019, delivering 500% potential return for early adopters.
DOGEN's multi-level referral program offers three levels of rewards: 7% in USDT for direct referrals, 2% for second level, and 1% for third level purchases. Weekly releases encourage regular community engagement. In addition, the DOGEN Gold Points system rewards investors with air bonuses based on the size of their deposits, offering up to a 12% boost for purchases over $10,000.
DOGEN's strong community focus, combined with its strong pre-sales growth and future utility, position it as a strong choice in the Solana ecosystem.
Interested investors can be a part of DOGEN's exciting future through presale.
Ethereum
Ethereum is a Proof-of-Stake blockchain known for smart contracts and a wide range of decentralized applications. It is still the second largest cryptocurrency, with a market cap of $400.69 billion.
ETH is currently trading at $3,326.28, representing a decline of 2.65% over the past week and 6.68% over the past month. Over the past 24 hours, ETH's trading volume has increased by 27.15% to $25.23 billion, with a volume-to-market-cap ratio of 6.29%. Analysts suggest that although Ethereum is still 32.37% below its all-time high of $4,891.70, it has the potential to recover and surpass these levels soon.
TRON
TRON is a decentralized blockchain platform launched in 2017 by the Tron Foundation. The TRX value saw a notable increase in early December, hitting an all-time high of $0.4407 on December 4th.
Even with the drop, Tron is still 29.79% higher than a month ago and is up 5.45% over the past week. Over the past 24 hours, the price of TRX increased by 3.56%, becoming a major player among the top 10 cryptocurrencies by market cap.
Technical indicators suggest that TRX is finding stability with a promising outlook. Key support levels include the Major Oblique Support at $0.246 and the 50-day Simple Moving Average (SMA) at $0.23915, both of which could support a potential breakout. On the resistance side, the Upper Bollinger Band at $0.31 aligns with recent highs, and a break above this level could indicate a strong bullish trend for Tron.
BNB
BNBthe native digital currency of the Binance ecosystem, is currently trading at $692.63, showing an increase of 2.88% over the last week and 8.48% in the last 30 days. With a market cap of $99.74 billion, BNB has shown strong momentum, supported by a 56.86% increase in 24-hour trading volume to $1.91 billion.
On December 22, BNB fell below the 50-day SMA at $658 but failed to push the bears below the key support level at $635. The bulls are currently working to start a recovery rally, which is likely encountered resistance near the 20-day EMA at $685. If the price pulls back from this level, the bears may make another attempt to drag BNB below the uptrend line, which could decline towards $550.
On the other hand, if the price crosses the 20-day EMA, it would indicate that the pair could consolidate within the $635 to $722 range for a while. A breakout and close above $722 would indicate that the bulls have regained control.
Solana
SOL is currently valued at $185.85, representing a decline of nearly 3% over the past 24 hours. The asset's market cap and trading volume have also shown signs of a bearish trend.
Despite the downward price movement, the net profit/loss volume for SOL indicates that investors have a strong positive outlook. The 0.78 Fibonacci level has been a strong support for SOL. As the price approaches the 0.618 level near $197, the support area between $181.75 and $179.66 will become crucial in shaping its next move.
If the recent increase in investor confidence and increased activity on the Solana network continues, SOL could aim for $254 as its first target. Additional mid-term targets projected by analysts include $302 and $345.
Decision
With Bitcoin aiming for new heights, established coins like ETH, TRX, BNB, and SOL can offer steady gains, but DOGEN stands out with its focus on sophistication and success. By building a community of ambitious leaders and offering special benefits to early adopters, DOGEN shows great potential in the altcoin season.
For more information about DOGEN, visit their website website, Twitteror Telegram.
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