The best altcoins with short-term potential
The post The best altcoins with short-term potential appeared on BitcoinEthereumNews.com. SPONSORED POST* Ethereum (ETH) remains volatile, currently below the $1,600 resistance level Traders are optimistic about NuggetRush (NUGX) and Avalanche (AVAX) as short-term alternatives NuggetRush combines gaming, NFTs, DeFi, and meme coins, and is deflationary, making it an attractive investment opportunity Avalanche is a high throughput, low-fee alternative for protocols building on Ethereum Ethereum (ETH) prices can be volatile, despite being a recommended cryptocurrency for beginners. As it is, ETH prices are volatile, swinging above $1,500 but remain below the psychological $1,600 resistance level. Whether buyers will create enough momentum and push above this level is yet to be seen. However, it is clear that traders are optimistic about other top altcoins and specifically train their eyes on Nugget (NUGX) and Avalanche (AVAX) as short-term alternatives as they boost their gains. NuggetRush (NUGX) is on investor’s radar because of the team’s approach to gaming. At the same time, the protocol looks to tie in non-fungible tokens (NFTs) and interesting aspects of decentralized finance (DeFi) while also striving to add utility to meme coins. Meanwhile, after sharp losses, Avalanche and AVAX are on focus because of the on-chain revival following the success of Stars Arena. Still, Avalanche is also an alternative for protocols looking to build on high throughput platforms away from the high gas fees in Ethereum. Doubts on ETH’s Upside Momentum In late 2022, ETH prices dropped to as low as $1,080 following the collapse of FTX and the bankruptcy of several CeFi protocols. However, it was only months before prices doubled to around $2,100 by March 2023. Since then, prices have been fluctuating, dropping by approximately 30% to spot rates. Thus far, ETH prices are at H2 2023 lows and might drop even lower if bulls don’t flow back, supporting prices above $1,500. Of note, the collapse of…
The post The best altcoins with short-term potential appeared on BitcoinEthereumNews.com.
SPONSORED POST* Ethereum (ETH) remains volatile, currently below the $1,600 resistance level Traders are optimistic about NuggetRush (NUGX) and Avalanche (AVAX) as short-term alternatives NuggetRush combines gaming, NFTs, DeFi, and meme coins, and is deflationary, making it an attractive investment opportunity Avalanche is a high throughput, low-fee alternative for protocols building on Ethereum Ethereum (ETH) prices can be volatile, despite being a recommended cryptocurrency for beginners. As it is, ETH prices are volatile, swinging above $1,500 but remain below the psychological $1,600 resistance level. Whether buyers will create enough momentum and push above this level is yet to be seen. However, it is clear that traders are optimistic about other top altcoins and specifically train their eyes on Nugget (NUGX) and Avalanche (AVAX) as short-term alternatives as they boost their gains. NuggetRush (NUGX) is on investor’s radar because of the team’s approach to gaming. At the same time, the protocol looks to tie in non-fungible tokens (NFTs) and interesting aspects of decentralized finance (DeFi) while also striving to add utility to meme coins. Meanwhile, after sharp losses, Avalanche and AVAX are on focus because of the on-chain revival following the success of Stars Arena. Still, Avalanche is also an alternative for protocols looking to build on high throughput platforms away from the high gas fees in Ethereum. Doubts on ETH’s Upside Momentum In late 2022, ETH prices dropped to as low as $1,080 following the collapse of FTX and the bankruptcy of several CeFi protocols. However, it was only months before prices doubled to around $2,100 by March 2023. Since then, prices have been fluctuating, dropping by approximately 30% to spot rates. Thus far, ETH prices are at H2 2023 lows and might drop even lower if bulls don’t flow back, supporting prices above $1,500. Of note, the collapse of…
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