Ethereum

Dogecoin

Rekt

<img width="1920" height="1080" src="https://coingape.com/wp-content/uploads/2023/12/altcoins-1.jpg" class="attachment-full size-full wp-post-image" alt="Top 3 Altcoins To Buy Today January 31: Ethereum (ETH), XRP, Dogecoin (DOGE)" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/altcoins-1.jpg 1920w, https://coingape.com/wp-content/uploads/2023/12/altcoins-1-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2023/12/altcoins-1-1224x689.jpg 1224w, https://coingape.com/wp-content/uploads/2023/12/altcoins-1-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2023/12/altcoins-1-1536x864.jpg 1536w, https://coingape.com/wp-content/uploads/2023/12/altcoins-1-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2023/12/altcoins-1-150x84.jpg 150w" sizes="(max-width: 1920px) 100vw, 1920px">
<p class="p1">The crypto market has proved historically that it moves in cycles like&nbsp;<a href="https://coingape.com/fomc-meeting-bitcoin-price-to-slump-30-after-fed-decision/?utm_source=24hrsupdateall" rel="noopener noreferrer nofollow"><span class="s1">Bitcoin</span></a>&nbsp;and its four-year cycle due to the halving.&nbsp;<a href="https://coingape.com/markets/top-3-altcoins-to-buy-today-january-26icp-sol-matic/" rel="noopener noreferrer nofollow"><span class="s1">Altcoins to buy</span></a>&nbsp;like Ethereum (ETH), Dogecoin (DOGE), and XRP “historically tend to bottom after corrective period mid-way through a particular quarter,” analysts at Rekt Capital, stated in the latest newsletter.</p>
<p class="p1">The altcoin market cap is believed to be holding the base support and gradually closing on the “top of its pattern for a breakout,” as revealed in the X post below.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ALTS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ALTS</a></p>
 <p>Altcoin Market Cap manages to hold the base of the black triangle, despite the anticipated downside wick</p>
 <p>Altcoin Market Cap is now reversing to the upside and now trying to breakout from its current pattern<a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/wjhzbMfdVl" rel="noopener noreferrer nofollow">https://t.co/wjhzbMfdVl</a> <a href="https://t.co/diAwgPy0DW" rel="noopener noreferrer nofollow">pic.twitter.com/diAwgPy0DW</a></p>
 <p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1752306849607479434?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 30, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p class="p1">This structure is starting to mirror increasing re-accumulation with investors staring at a potential altcoin hype cycle.</p>
<p class="p1">The tokens “bottom at a time in the market where maximum pessimism and extreme fear dominate when it comes to altcoin valuations,” Rekt Capital added.</p>
<p class="p1">The next weeks will be crucial for investors speculating on the performance of altcoins, especially this year.</p>
<h2 class="p1" id="1-is-ethereum-eth-the-best-altcoin-to-buy-ahead-of-february">1. Is Ethereum (ETH) The Best Altcoin To Buy Ahead Of February?</h2>
<p>The second-largest cryptocurrency <a href="https://coingape.com/blog/ethereum-facts/" rel="noopener noreferrer nofollow">Ethereum</a>&nbsp;is trading in red amidst a generally volatile and uncertain market sentiment ahead of the FOMC Meeting. With an intraday loss of 1.5% the ETH price plunged to $2300 trying to sustain above the 50-day EMA slope. Despite the uncertain technical outlook for recovery, Ethereum’s fundamental developments continue to progress, notably with its eagerly awaited 2024 hard fork, Dencun.</p>
<p>The latest milestone for Ethereum is the successful launch of the&nbsp;<a href="https://coingape.com/ethereums-dencun-upgrade-nears-mainnet-debut-will-eth-rally/" rel="noopener noreferrer nofollow">Dencun upgrade</a>&nbsp;on the Sepolia test network, marking a significant step forward. This leaves only one more testnet deployment before the introduction of the “proto-danksharding” feature.</p>
<p>What’s particularly noteworthy is the speed of this growth, as daily network expansion is now 28% quicker than it was just three months ago.</p>
<p>If the aforementioned channel pattern is intact, the&nbsp;<a href="https://coingape.com/markets/key-levels-to-watch-ethereum-price-recovery-2200/" rel="noopener noreferrer nofollow">ETH</a>&nbsp;price should lead a rally to retest the overhead trendline at $3000. The rising price may witness in-between resistances at $2430 and $2700.</p>
<figure id="attachment_177760" aria-describedby="caption-attachment-177760" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-177760" src="https://coingape.com/wp-content/uploads/2024/01/sZ3kEhw7-e1706713959391.png" alt="Ethereum (ETH) Price" width="1200" height="551">
 <figcaption id="caption-attachment-177760" class="wp-caption-text">
  ETH price chart | Tradingview
 </figcaption>
</figure>
<h2 id="2-xrp-price-at-base-of-support-what-s-coming-next">2. XRP Price At Base Of Support, What’s Coming Next?</h2>
<p>XRP recently witnessed a slight decline in value, recording a 5.06% drop. Despite this minor setback, the market is showing signs of entering a bullish phase.&nbsp;<a href="https://coingape.com/price/xrp/" target="_blank" rel="noopener noreferrer nofollow">Ripple price</a>&nbsp;is currently at $0.505, with its market capitalization at approximately $27 billion. This valuation places it as the sixth-largest cryptocurrency, as per data from&nbsp;<a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/xrp/" target="_blank">CoinMarketCap</a>. Notably, there has been a surge in trading activity, with a 103% increase in the 24-hour trading volume, now at $1.83 billion. This upswing suggests a growing interest in the token among investors.</p>
<p>Esteemed cryptocurrency analyst Egrag Crypto recently offered an optimistic outlook for XRP. According to Egrag, XRP might experience a significant pullback in its second wave, potentially retracing up to 90% of its initial wave. This anticipated dip to around 0.41 reflects the inherent volatility within the cryptocurrency markets. Despite this, Egrag foresees a strong third wave for XRP, propelling the digital currency towards the $5 mark and setting a nearer-term target between $2.2 and $2.8.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> Mid-Term Target <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> 0.85c – $1 – $5.5 – $6.4 (Update) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;">:</p>
 <p>Hey everyone! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f44b.png" alt="👋" class="wp-smiley" style="height: 1em; max-height: 1em;"> Don't forget to check out the post from May 22, 2023, for the initial projections of (0.85c – $1 – $5.5 – $6.4) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;">. Link to the tweet <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/CGLMB7CgGi" rel="noopener noreferrer nofollow">https://t.co/CGLMB7CgGi</a>.</p>
 <p>WHAT'S NEXT? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f914.png" alt="🤔" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br>Only a handful of… <a href="https://t.co/e2iEgSLQMz" rel="noopener noreferrer nofollow">pic.twitter.com/e2iEgSLQMz</a></p>
 <p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1752601992797560961?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 31, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="can-dogecoin-doge-pump-to-1-in-2024">Can Dogecoin (DOGE) Pump To $1 In 2024?</h2>
<p>Dogecoin price is experiencing a notable resurgence as the crypto market shows signs of revival this February. The meme-inspired digital currency is currently trading at $0.07897. This represents a slight drop of over 2% in the last day.</p>
<p>The&nbsp;<a href="https://coingape.com/price/dogecoin/" rel="noopener noreferrer nofollow">price of Dogecoin</a>&nbsp;has recently been oscillating between $0.07700 and $0.08200. Despite initial bullish trends, it failed to maintain momentum, falling below its previous support level. The past several days have showcased an overall bullish pattern, with the weekend particularly witnessing a modest increase of over 5%.</p>
<figure id="attachment_177773" aria-describedby="caption-attachment-177773" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-177773" src="https://coingape.com/wp-content/uploads/2024/01/Dogecoin-Price.png" alt="Dogecoin (DOGE) Price" width="1060" height="475" srcset="https://coingape.com/wp-content/uploads/2024/01/Dogecoin-Price.png 1060w, https://coingape.com/wp-content/uploads/2024/01/Dogecoin-Price-300x134.png 300w, https://coingape.com/wp-content/uploads/2024/01/Dogecoin-Price-768x344.png 768w, https://coingape.com/wp-content/uploads/2024/01/Dogecoin-Price-150x67.png 150w" sizes="(max-width: 1060px) 100vw, 1060px">
 <figcaption id="caption-attachment-177773" class="wp-caption-text">
  DOGE/USD Price Chart, Source: TradingView
 </figcaption>
</figure>
<p>If the bulls keep the&nbsp;<a href="https://coingape.com/markets/dogecoin-price-prediction-will-doge-surpass-0-1-january-end/" rel="noopener noreferrer nofollow">Dogecoin</a>&nbsp;price above the crucial $0.080 support level, it will challenge its next resistance at $0.09. Sustaining this level could pave the way for DOGE to aim for a higher resistance mark at $1. This scenario hinges on the market’s ability to maintain its current momentum.</p>
<p>However, there’s a flip side to consider. DOGE’s price may decline if market momentum falters, testing the $0.075 support level. In a bear-dominated market, DOGE might even face a steeper fall, potentially reaching down to test a lower support threshold of $0.07 in the foreseeable future. The daily candlestick displays a pronounced long-tail rejection, indicative of a strong buying interest at this lower support level.</p>
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<p>The post <a href="https://coingape.com/markets/top-3-altcoins-to-buy-today-january-31-ethereum-eth-xrp-dogecoin-doge/" rel="noopener noreferrer nofollow">Top 3 Altcoins To Buy Today January 31: Ethereum (ETH), XRP, Dogecoin (DOGE)</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Top 3 Altcoins To Buy Today January 31: Ethereum (ETH), XRP, Dogecoin (DOGE)

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