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As the year draws to a close, a handful of promising altcoins are poised for significant growth. These hidden gems may offer substantial returns for those who spot the opportunity. The article uncovers three potentially lucrative options in the rapidly evolving crypto market, providing insights into the best picks for end-of-year profits.
Undeads Games (UDS) Shows Growth Potential
Undeads Games (UDS) is currently trading between $1.18 and $1.96, showing notable strength. Bulls are gaining ground with a solid increase of over 50% in just a week. With a relative strength index of 58.52 and an additional growth of over 175% in the past month, UDS appears poised for further upward movement. The nearest target is the $2.33 resistance level, which could represent a growth of about 20% from current prices. Long-term holders have enjoyed a remarkable six-month increase of around 250%, indicating strong bullish potential for the coin.
Source: CoinMarketCap
TRON (TRX) Shows Bulls Ready for a Comeback
TRON (TRX) is currently priced between $0.13 and $0.14, with bulls gearing up to break the resistance at $0.14. The coin’s Relative Strength Index (RSI) at 33.29 suggests it is oversold, hinting at potential upward movement. The Stochastic indicator, with a low reading of 7.41, also indicates a bullish opportunity. TRX has increased by 1.51% over the past week and 10.61% over the past month, with a notable six-month gain of 21.62%. If bulls can muster strength, TRX might target the next resistance at $0.15, representing a potential rise of around 7% from its current range.
Notably, Tron’s active addresses are higher than Bitcoin and Ethereum combined, and significantly surpass those of other popular blockchains like Polygon, Solana, and Binance Chain. Additionally, Tron has become the second largest blockchain in the industry, managing over $7.3 billion in total assets.
Source: CoinMarketCap
Kaspa Shows Potential Despite Bullish Weakness
Kaspa (KAS) currently trades between $0.17 and $0.20, with the bulls showing some weakness. The nearest resistance level at $0.21 remains unbroken, indicating that bears might still have some control. However, with the coin’s 10-day moving average at $0.19 and a 100-day average of $0.18, there is potential for steady growth. Over the past six months, Kaspa’s price has surged by over 80%. If it crosses the resistance levels at $0.21 and $0.23, it could see a rise of around 15% to 35% from its current range. The RSI stands mildly bullish at 54.25, signaling more potential upside ahead.
Source: CoinMarketCap
Conclusion
As the year-end approaches, savvy investors have a unique opportunity to capitalize on three promising altcoins poised for significant growth in the back bull run. Undeads Games (UDS) has shown remarkable strength with a recent surge, and with a potential 20% rise ahead, it remains an attractive option. TRON (TRX) is exhibiting signs of a bullish comeback, driven by its oversold status and impressive network activity, aiming for a potential 7% gain. Despite some bearish pressure, Kaspa (KAS) demonstrates potential for steady growth, with possible gains of 15% to 35%. These altcoins, backed by strong metrics and market activity, offer enticing prospects for year-end profits.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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