The crypto market is entering max-euphoria mode and is gearing up for the next massive surge. Although most projects will undoubtedly yield significant returns in the upcoming months, it can be difficult to pick the winners that will ride this green wave the longest.
This article will explore the most promising altcoins that could repeat Solana’s recent run. Ethereum (ETH) and its Layer 2 Optimism (OP) are finally showing signs of life again. Pepe (PEPE) is entering parabolic mode, while Polkadot (DOT) and Stellar (XLM) have just broken out of their trading range. Another less-known project is gaining traction as its viral presale has investors flocking to get an allocation — Rollblock (RBLK).
Ethereum Is Coiling Up, Is A Breakout Imminent?
Ethereum (ETH) has underperformed the general market, failing to keep up with other Layer 1 platforms such as Solana and Tron. Nevertheless, bullish signals are appearing on the Ethereum chart. The 50-day moving average indicator is about to cross the 200-day MA, which will create a golden cross pattern, signaling a bullish trend shift.
Additionally, Ethereum’s weekly RSI indicator is steadily rising and is currently at 58 points, indicating stronger buyer interest. At press time, Ethereum sells for $3,318 with a 7.6% weekly increase. If bulls manage to push the price above the $3,500 resistance level, Ethereum will have a clear path forward that could see it soar to new heights before the end of the year.
Optimism Is Retesting Support After Breakout
As Ethereum stalled, most Layer 2 blockchains built on its platform, such as Optimism (OP) and Arbitrum struggled as well, as their price action is partially dependent on Ethereum’s performance. Optimism managed to escape its trading channel around the $1.70 price point, with a 20% increase that saw it reach a local peak of $2.33. After a moderate correction Optimism now trades at $2.10 which is where it marked a new bottom.
The Optimism chart is also teasing an imminent golden cross formation that could see it finally enter a proper ascending channel. According to expert Michaël van de Poppe, Optimism will likely consolidate around these levels for a bit before the next surge. Van de Poppe points to $3 as the next target for Optimism.
Pepe Whales Gobble Up The Dip
Pepe (PEPE) has played a protagonist role in this crypto cycle as it defied all the odds and reached an $8 billion market cap in record time, occupying today the $19th place on the crypto leaderboard. Over the last week, Pepe entered a mini cool-off phase after a pullback from the $0.0000248 all-time high. Today, Pepe sells for $0.0000195 with an 11% intraday decrease.
On-chain data shows that large wallets are taking advantage of this dip and accumulating copious amounts of Pepe. Just a few days ago, a whale scooped up 309 billion Pepe coins worth approximately $6.45 million. This is part of the 41% increase in large transactions that Pepe recorded over the past week, according to data from market research platform, IntoTheBlock.
Polkadot Goes Vertical After Breakout, What’s Next?
Polkadot (DOT) has enjoyed a significant increase in buyer interest that saw it record over 108% in gains in less than a month. Over the last week alone, Polkadot raked in 50% returns as its price soared above several resistance levels, marking a local peak at $9.65. Today, Polkadot trades at $8.54 with little to no price movement as per CoinMarketCap data. This latest Polkadot surge has been accompanied by a noteworthy 87% increase in trading volume, with about $4.2 billion worth of DOT traded on exchanges.
The next crucial level that Polkadot needs to reclaim and hold is the $10 level. In support of Polkadot’s bullish thesis, analyst Pointman has shared a chart reading on X, highlighting Polkadot’s breakout of a multi-year descending trendline that acted as a dynamic resistance. By the looks of it, the way has been paved for a massive Polkadot comeback.
Stellar’s Facemelting Run Is Just Getting Started
After spending months on the sidelines, Stellar (XLM) took the market by surprise with a 600% explosion that saw the XLM price multiply in the span of a few weeks. For the first time since 2021, Stellar soared above $0.60, although this is where selling pressure intensified, forcing a pullback. At press time, Stellar sells for $0.45 with a 9.4% intraday decline.
Crypto analyst The Ape Of Main Street has pointed out something interesting on X regarding Stellar’s price action. His chart reading details Stellar’s performance during the previous cycles, where XLM experienced similar rallies on the same date in 2017 and 2020. This means that this move from Stellar is far from exhausted and that it could continue on this path well into 2025.
Rollblock Is Making Waves With Cutting-Edge GameFi Platform
Web 3 protocol Rollblock leverages the Ethereum blockchain to ensure a safe and transparent gaming experience. This makes Rollblock capable of disrupting the $450 billion online gaming industry with its cutting-edge, community-backed DeFi Gaming platform.
The most intriguing aspect of the Rollblock platform is the profit-sharing mechanism powered by the native RBLK token. Users can hold and stake RBLK on the platform and enjoy some of the highest APY on the market.
Every week, Rollblock invests up to 30% of the generated revenue to repurchase RBLK tokens from the open market. These tokens are then redistributed as staking rewards while the remainder are burned, forever, priming RBLK for sustainable price growth.
Over 22,000 players have joined Rollblock’s ranks. More than 7,000 titles await on arrival, with classics and new AI-powered games. Additionally, a sports platform will be introduced soon as well, further expanding Rollblock’s offering.
So far, nearly $6 million has been raised in the ongoing presale and RBLK token sells for just $0.36. This marks the perfect entry point as RBLK is expected to rise by another 800% by the end of the presale alone.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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