Ethereum

bullish

Synapse

SuperRare

Altlayer

<p>The post <a href="https://coinpedia.org/price-analysis/must-buy-ethereum-based-tokens-this-2024-2/" rel="noopener noreferrer nofollow">Must Buy Ethereum-Based Tokens This 2024!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The altcoin leader, Ethereum price continues hovering close to its $2,500 level, indicating weak buying and selling pressure for this crypto token in the market. Notably, it is presently trading with a price tag of $2,584.36 and has a market cap of approximately $305 Billion.</p>
<p>On the other hand, lesser-known ETH-based altcoins have gained significant momentum over the past few days, with some recording a surge of three digits. With the current market trend, is this the right time to stack altcoins?</p>
<p>Scroll down as, in this article, we have covered the market sentiments, price action, and possible short-lived price targets of the top 3 Ethereum-based altcoins that have the potential to record a massive upside in their respective portfolios during the coming time.</p>
<h2 class="wp-block-heading" id="h-superrare-rare-price-action">SuperRare (RARE) Price Action</h2>
<p>Despite increased bearish sentiment in the crypto space, the SuperRare price has recorded a surge of 77.89% within the past day with a trading volume of $579.54 Million. Moreover, it has surged over 250% within the past week and has a YTD return of 108.29%.</p>
<figure class="wp-block-image"><img decoding="async" width="1433" height="756" src="https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-332.png" alt="" class="wp-image-340319" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-332.png 1433w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-332-300x158.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-332-1024x540.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-332-768x405.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-332-150x79.png 150w" sizes="(max-width: 1433px) 100vw, 1433px">
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<p>The Moving Average Convergence Divergence (MACD) continues displaying a flatline in its 1W time frame with its averages recording a similar action. Further, the SMA indicator records a potential bullish crossover, indicating a mixed sentiment for the SuperRare price.</p>
<p>Suppose the RARE price surpasses its resistance level of $0.2575. In that case, it will prepare to test its high of $0.4675. However, if the bears regain momentum, this altcoin will retest its crucial support level of $0.050 in the coming time.</p>
<h2 class="wp-block-heading" id="h-altlayer-alt-price-action">Altlayer (ALT) Price Action</h2>
<p>After trading under a bearish sentiment for a brief period, the Altlayer price has successfully recorded a bullish recovery by adding 6.82% within the past day and 8.63% over the past week. Further, with a market cap of just over $217 Million, it has secured the 183rd position in the global crypto list.</p>
<figure class="wp-block-image"><img decoding="async" width="1430" height="757" src="https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333.png" alt="" class="wp-image-340320" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333.png 1430w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333-300x159.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333-1024x542.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333-768x407.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333-150x79.png 150w" sizes="(max-width: 1430px) 100vw, 1430px">
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<p>The Relative Strength Index (RSI) has recorded a constant rise toward its mid-point, with its average trendline recording a bullish rise. This indicates an increase in the buying pressure for the Altlayer price in the crypto space. Further, the SMA supports the price chart, suggesting a positive outlook for the future.</p>
<p>If the market continues to trade under a bullish influence, the ALT price will head toward its upper resistance level of $0.2380 during the upcoming weeks. Conversely, a bearish action could result in it plunging toward its low of $0.0040.</p>
<h2 class="wp-block-heading" id="h-synapse-syn-price-action">Synapse (SYN) Price Action</h2>
<p>The Synapse price has continued displaying a bullish price action by adding approximately 39% within the past day and 95.28% over the past 30 days. Furthermore, it has jumped 44.80% within the past 30 days and has a Year-to-Date (YTD) return of approximately 50%.</p>
<figure class="wp-block-image"><img decoding="async" width="1430" height="757" src="https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333.png" alt="" class="wp-image-340321" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333.png 1430w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333-300x159.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333-1024x542.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333-768x407.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/20103215/image-333-150x79.png 150w" sizes="(max-width: 1430px) 100vw, 1430px">
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<p>The Simple Moving Average (SMA) constantly acts as a support to the price chart in the 1D time frame, suggesting an increase in the buying pressure within the crypto market. Further, the MACD, displays a rising green histogram, highlighting that the altcoin will continue gaining value in the coming time.</p>
<p>If the bulls hold the SYN price above its support level of $0.5885, it will prepare to test its upper resistance level of $1.170. Negatively, if the bears dominate the crypto space, the Synapse price will plunge toward its crucial support trendline of $0.3125.</p>

Must Buy Ethereum-Based Tokens This 2024!

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