The post Must Buy Ethereum-based Altcoins For 3X – 5X Surge In Q3! appeared first on Coinpedia Fintech News
With the price of the Ethereum token reclaiming the $2,700 mark, top Ethereum chain altcoins have successfully regained momentum and recorded a massive uptrend in their respective portfolios this week.
Notably, many top altcoins and mid-cap tokens have experienced a double-digit surge in their valuation this week, speculating a high possibility of a strong bullish reversal in the crypto market this month.
Scroll down as, in this article, we have covered the market sentiments and price analysis of the top 3 ETH-based altcoins that have a high potential of outperforming the top crypto tokens during the coming time.
Jupiter (JUP):
Despite recording a correction of approximately 4% within the past few hours, the JUP price has successfully regained momentum and has surged approximately 32% over the past four days. Further, with a market cap of $1.147 Billion, it has secured the 58th position in the global crypto list.
TradingView: JUP/USDT
The technical indicator, MACD, displays a constant decline in the red histogram with its averages recording a high possibility of a bullish convergence. Further, the SMA shows a positive crossover, suggesting that the JUP price will continue gaining value this week.
If the market holds the Jupiter price above its important support level of $0.8445, the bulls will prepare to test its upper resistance level of $1.4950. Conversely, if the bears regain power, the JUP coin price will plunge toward its low of $0.540 this month.
Ethereum Name Service (ENS):
With the rising volatility in the crypto market, the ENS price has recorded a jump of approximately 8% within the past day with a trading volume of $146.775 Million, a change of +102.56%. Despite recording a correction of 30% within the past month, this altcoin has surged 88% this year.
TradingView: ENS/USDT
The Relative Strength Index (RSI) indicator has successfully retested its oversold range and has recorded a sharp rise toward the halfway mark. However, it has failed to record a bullish convergence with its average trendline, indicating a mixed sentiment.
Maintaining the bullish sentiment could result in the Ethereum Name Service price heading toward its upper high of $27.75 in the coming time. However, a trend reversal could pull the price toward its low of $17.50.
Neiro Ethereum (NEIRO):
With a USP of zero tax on buying and selling crypto tokens, the Neiro Ethereum has taken over the crypto space by storm. Promoting itself as the next big thing in the market, this altcoin has attracted massive attention itself within a short period.
Despite recording a drop of over 10% within the past day with a trading volume of $28.480 Million. This altcoin has surged 14.88% within the past seven days and over 1,440% since inception.
Notably, with a trading value of $0.2129 and a circulating supply of 1 Billion NEIRO tokens, it has secured the 222nd position in the global cryptocurrency market list with a market cap of just under $213 Million.