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The impending approval of <a href="https://coingape.com/expert-sees-chances-of-full-wave-of-spot-bitcoin-etf-approvals-soon/" rel="noopener noreferrer nofollow">Bitcoin and Ethereum spot ETFs</a> marks a pivotal moment for the cryptocurrency market as we head into 2024. This milestone, alongside the market’s recovery, is creating a suitable ground for investment opportunities as this digital currency would likely witness massive adoption from the traditional market participants too. This article focuses on under-the-radar cryptocurrencies poised for significant growth in a recovering market. These selected tokens offer unique opportunities for massive gains in the coming year.
Also Read: <a href="https://coingape.com/robert-kiyosaki-foresees-a-giant-market-collapse-advises-buying-bitcoin/" rel="noopener noreferrer nofollow">Here’s Why Robert Kiyosaki Advises Buying Bitcoin Amid A Potential Market Collapse</a>
<h2 id="strong-kaspa-price-leads-november-s-crypto-surge-strong">Kaspa Price Leads November’s Crypto Surge</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/0/0p774am8.png" alt="Kaspa Price" width="1946" height="1105">
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 Kaspa Price | TradingView Chart
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Kaspa coin price has emerged as a standout performer in November’s cryptocurrency market. Starting the month at a modest $0.05, it astonishingly soared 210% to an all-time high of $0.1548.&nbsp;
This rapid ascent now sees the coin consolidating within a bullish <a href="https://coingape.com/education/pennant-pattern/" rel="noopener noreferrer nofollow">pennant pattern</a>, suggesting a continuation of its upward trajectory. As it nudges against the pattern’s upper trendline with a 6% intraday gain, a breakout could reignite its bullish momentum, potentially pushing the price up by another 82% to $0.25.
<h2 id="strong-thorchain-price-recovery-fueled-by-rounding-bottom-pattern-strong">THORChain Price Recovery Fueled by Rounding Bottom Pattern</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/r/RHhvA5bs.png" alt="THORChain Price" width="1946" height="1105">
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 THORChain Price | TradingView Chart
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The <a href="https://coingape.com/price/thorchain/" rel="noopener noreferrer nofollow">THORChain coin price</a> has been on an impressive climb, rebounding from $1.5 in late October to a 20-month high of $6.68 – a substantial 345% increase. This rally, breaking past the pivotal $3 resistance, marks its exit from a 19-month accumulation phase.&nbsp;
The altcoin’s trajectory follows a rounding bottom pattern, a bullish indicator at major market lows. If the current buying trend sustains, the RUNE price could surge an additional 108% to challenge the $13.25 neckline resistance
<h2 id="strong-immutable-price-poised-for-a-massive-breakout-strong">Immutable Price Poised for a Massive Breakout&nbsp;</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/2/2mWozlz2.png" alt="Immutable Price " width="1946" height="1105">
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 Immutable Price | TradingView Chart
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In the weekly time frame chart, the <a href="https://coingape.com/price/immutablex/" rel="noopener noreferrer nofollow">Immutable price</a> shows the formation of a famous bullish reversal pattern double bottom. This pattern is a sign of increased accumulation from investors, offering an excellent early entry opportunity to traders.&nbsp;
Amid the October-November rally of the crypto market, the IMX price surged nearly 174% to reach the current trading price of $1.37. With an intraday gain of 8%, the coin price continues its upward trajectory to $1.58, the neckline resistance of the pattern. The post-breakout rally would surge the price another 75% to hit a 20-month high of $2.80
<h2 id="strong-pancakeswap-price-on-the-cusp-of-a-trend-reversal-strong">PancakeSwap Price On the Cusp of a Trend Reversal&nbsp;</h2>
<img decoding="async" src="https://s3.tradingview.com/snapshots/l/LFq4IaEa.png" alt="PancakeSwap Price" width="1946" height="1105">
Over the past 19 months, the <a href="https://coingape.com/price/pancakeswap/" rel="noopener noreferrer nofollow">PancakeSwap price</a> has witnessed a steady downtrend under the influence of a falling wedge pattern. The coin price has rebounded at least twice from each trendline indicating the strong influence this pattern is having on market participants.&nbsp;
On November 21st, the coin price witnessed its latest reversal from the upper trendline, which plunged its value 15% in the last two weeks to currently trade at $2.3. While this reversal could potentially plunge the coin price to below the $1 mark, the converging nature of the trendlines indicates the exhausting bearish momentum which commonly leads to an upside breakout.&nbsp;
A potential breakout from the upper trend line would signal an early sign of trend reversal and could surge the price 110% up to hit the $5.38 mark.
<h2 id="strong-rose-price-recovery-eyeing-a-60-surge-strong">Rose Price Recovery Eyeing a 60% Surge</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/v/vrfVNLSs.png" alt="Rose Price TradingView Chart" width="1946" height="1105">
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 Rose Price | TradingView Chart
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The Oasis token price entered into a recovery trend from mid-October, when the price rebounded from $0.0396 to a recent high of $0.0892, registering a growth of 124%. A look at the weekly time frame chart shows this massive parabolic growth assisted in the development of a bullish reversal pattern called <a href="https://coingape.com/glossary/double-bottom-pattern/" rel="noopener noreferrer nofollow">Double Bottom</a>.&nbsp;
By the press time, the ROSE price trades at $0.084 and is poised to break above the $0.0857 neckline resistance of the bullish pattern. A potential breakout would give a better signal of trend change, offering buyers suitable support to prolong this recovery. The post-breakout rally would surge the coin price 60% higher to hit a high of $0.138.
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/markets/top-5-hidden-crypto-gems-that-could-skyrocket-in-2024/">Top 5 Hidden Crypto Gems That Could Skyrocket in 2024</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

Top 5 Hidden Crypto Gems That Could Skyrocket in 2024

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