Although we have completed the historical rise of Ethereum, the market is still lacking in bullishness. However, some analysts say that Bitcoin is trading with its highest discount ever. If this view is correct, it means that we will see more drastic moves from the altcoin market. In this article, let’s take a look at analysts’ short-term choices to capitalize on opportunities.
The most beautiful altcoin projects to watch until the end of September
There is growing speculation that Ripple will win the lawsuit initiated by the SEC, which has dragged down the XRP price for years. The growing belief of Ripple lawyers to dissolve the SEC proves this. At the same time, the number of affiliates that Ripple has signed with banks and other financial institutions is also increasing. This excitement has seen an increasing number of investors taking positions in XRP in recent days.
Individual investors aren’t the only ones growing their XRP status. The data shows an increase in the number of whales buying XRP. If the trend continues, XRP will be one of the most valuable cryptos to watch in the coming days. XRP itself has risen more than 50% in the last 7 days following the positive sentiment from the SEC lawsuit. For former US congressional candidate David Gokhshtein, Ripple winning the lawsuit will not only be comforting for XRP.
Whale activity is one of the most accurate indicators of where a cryptocurrency is headed. When whales buy, they often give some signals that a rally is coming. At the moment, information shows that there is a large number of whale purchases for Dogecoin (DOGE). With Bitcoin potentially bottoming out, this whale purchase is preparing FOMO around Dogecoin. Also, due to being a community-focused crypto, Dogecoin’s short-term moves are pretty rough. Dogecoin is currently seeing the green around 8% with BTC and ETH lower. It has to be said that it is the only cryptocurrency that can do this in the midst of sales.
Terra Classic (LUNC)
LUNC was one of the most underperforming cryptocurrencies in recent times. The Terra Classic token burn campaign triggered a brief FOMO around LUNC. While the momentum has slowed lately, there is a possibility that LUNC may rebound as Bitcoin appears to have hit the bottom.
This is because investors expect LUNC to perform well over time due to rapidly dwindling supply. Therefore, it is one of the cryptocurrencies that could do enough business if the market starts to recover again. At the same time, the cost factor makes other low-priced cryptocurrencies such as LUNC and Dogecoin quite attractive to investors.
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