Altcoins
Top Altcoins Set to Hit ATH in the Week Ahead
As the crypto market booms and crosses the $2.5 trillion mark, some altcoins are not only surviving, but they appear poised to reach new highs.
Let’s zoom in on four altcoins that could soon reach new all-time highs: Injective Protocol (INJ), Theta Network (THETA), Fantom (FTM), and NEAR Protocol (NEAR). These tokens stand out not only for their impressive market developments, but also for their solid technological foundations.
As Bitcoin flirts with the $70,000 mark, these altcoins could be the leaders of the next big rally. Let’s take a closer look at why INJ, THETA, FTM, and NEAR are the ones to watch in the article “Top Altcoins Set to Hit ATH in the Week Ahead.”
Best Layer 1 Coins to Invest
Injective protocol (INJ)
Injective Protocol is emerging as a notable player in the DeFi space, aiming to redefine the boundaries of decentralized exchanges with its layer 2 solutions.
The protocol is taking the world of decentralized finance by storm, aiming to reshape the way decentralized exchanges work with its layer 2 solutions. Standing at $42.48 and up 1.10% today, he shows a quiet confidence in his rise.
With a market capitalization near the $4 billion mark, the coin is well positioned for a recovery. Charts indicate a potential breakout above $50, hinting at a new high possibly during this month.
Theta Network (THETA)
Theta Network, a blockchain-powered video streaming network, is picking up the pace at $3.19, recording a 3.92% gain over the past 24 hours. It’s a far cry from its highest price, but given that it has surged 7,829.45% from its lowest recorded price, the potential for growth is obvious.
Chart analysis of Theta suggests it could mirror its impressive performance from March 2021, when it soared 292%, hinting that another significant rise could be imminent.
Ghost (FTM)
Fantom’s price increase to $0.8232, up 2.44%, may not make headlines, but with a market cap of $2.31 billion, it’s certainly a subject to monitor. Down 76.44% from its all-time high, it climbed an extraordinary 41,904.44% from its all-time low, showing strong potential for recovery and growth, driven by its innovative approach of DeFi and smart contracts.
NEAR Protocol (NEAR)
The NEAR protocol surged 14.75% to $6.20, reflecting market confidence in its scalable blockchain platform. With a sizable market capitalization of $6.47 billion, NEAR ranks well in the top 25. Although it is 69.47% below its highest value, it has achieved an impressive rise of 1,085, 17% off its lowest price. Its chart displays an uptrend, suggesting a continued upward trajectory.
The NEAR Protocol chart shows a rounded bottom formation, indicating a trend reversal with a recent breakout above $3. This trend generally means a gradual and sustained increase. With a current price of $6.20 and a 24-hour increase of 14.75%, NEAR’s price action is showing strong bullish momentum.
Conclusion
Each of these layer 1 tokens demonstrates unique strengths and opportunities in the crypto market. Their recent performance and significant deviation from their all-time highs suggests there could be substantial upside potential.