Today, two cryptocurrencies have caught the attention of the Binance exchange, both experiencing gains of over 50%. They are maintaining their daily profits. The post Two Altcoins with Impressive Gains and Potential for Further Growth appeared first on COINTURK NEWS.
Today, two cryptocurrencies have caught the attention of the Binance exchange, both experiencing gains of over 50%. They are maintaining their daily profits. The risk appetite for altcoins has increased as BTC aims for a rapid $38,000. However, within a few hours, the price returned to its starting point. Nevertheless, these two popular altcoins are largely preserving their gains.
Badger DAO (BADGER) Review
The most impressive altcoin today is BADGER Coin, which has seen a remarkable surge. The price has increased by approximately 94% in the daily candle. Starting at $2.81 on November 9th, this altcoin climbed to a peak of $5.47. There is a clear reversal on the weekly chart. If the $4.39 region can be maintained and BTC does not suffer significant losses, the upward trend in altcoin prices can continue steadily.
In August 2022, the $5.4 threshold could not be surpassed. Today, this region continues to limit the price. If the critical threshold can be surpassed in the coming hours, a rally could extend to $6.13, $7.27, and even $8.4. This indicates the potential for the price to increase several times over.
To sustain the upward trend, weekly closings above $3.12 should be observed. If the mentioned critical threshold is surpassed, it will open the door to a faster recovery.
GAS Coin Reviews
In November alone, the price of GAS Coin has increased by 361%. This impressive surge has allowed it to surpass the levels seen in May and March 2021. The ultimate target of this impressive rise could be the ATH region of $26. Beyond that, GAS Coin will seek new all-time highs, especially after listings on OKX and Binance exchanges.
Looking further back, it can be seen that the price reached peaks in the $32.92, $47, and $79.68 regions. On January 15, 2018, GAS Coin came close to the $80 mark. If the price continues to rise above $30, it could test previous highs from years ago.
On the other hand, BTC’s price will need to maintain the $36,000 region during this period. The fact that the price of Ether has not been significantly affected by the recent BTC decline is a positive sign for altcoins. If volumes remain above $50 billion and BTC maintains the critical threshold, liquidity inflow to altcoins may be observed due to gradual BTCD relaxation.
Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research before making any transactions.
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