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A technical analyst pinpoints six altcoins poised for a potential 300% surge amid the current bullish market trend.
Bitcoin has recently driven significant capital into the crypto market following its shocking ascent to $52k. Many alternative cryptocurrencies have been prime beneficiaries, with some registering 50% gains.
Amid this trend, a prominent technical analyst has drafted a list of altcoins he believes can record an even more substantial two to three-fold increase in the emerging bull season.
In a recent post on social media platform X, renowned analyst “JD” urged crypto community members to pay attention to six altcoins. He argued they are digital assets that wield the potential for 200% to 300% gains before any notable price correction.
Moreover, the analyst suggested that the altcoins would return on another round of explosive growth even after such price retracement.
Pay close attention to these altcoins that can potentially 2-3x before a nice retracement, then next move up!$VRA$CRV$DOGE$ROSE$XRP$HBAR
I have other altcoins I'm loading up if we have another dip posted on Patreon/Discord!
IGNORE NARRATIVES, FOLLOW THE TA TO BE THE 5%!!
— JD 🇵🇭 (@jaydee_757) February 16, 2024
Coin One
Leading the analyst’s selection of top picks is Verasity (VRA), a low market cap coin that trades for less than a penny. In particular, VRA exchanges hands at $0.007215, having recorded a 32.12% over the past week.
Notably, Verasity represents an open-ledger ecosystem crafted to combat advertising fraud, offering transparent infrastructure access to publishers and advertisers.
Curve DAO (CRV)
Curve DAO’s CRV made the technical analyst’s second choice for tokens to watch. Notably, CRV is a mid-cap cryptocurrency with a valuation of over half a billion dollars. Over the past week, the asset has seen a 6.21% gain, putting its price at $0.5348.
Curve is a decentralized exchange tailored for stablecoins, employing an automated market maker for liquidity management. Notably, the project has become closely associated with the DeFi phenomenon, witnessing substantial growth since its 2020 debut.
Dogecoin (DOGE)
Also, technical analyst JD identifies potential in Dogecoin, the leading meme-based cryptocurrency project, which ranks in the top ten with a valuation surpassing $12 billion.
Dogecoin gained prominence primarily due to the influence of tech mogul Elon Musk.
Currently trading at $0.08515, it has experienced a 5% increase over the past week. Nevertheless, the analyst anticipates the possibility of a 300% surge for DOGE.
Oasis Network (ROSE)
Furthermore, JD highlighted Oasis Network’s ROSE token as another coin with the potential for a threefold increase during this bull season.
Currently trading at $0.1198, ROSE has seen notable declines in the past 24 hours and over the past week.
Significantly, Oasis is the foremost privacy-enabled and scalable layer-1 blockchain network. It lays the groundwork for the next generation of Web3 by merging high transactions per second, low gas fees, and a secure architecture
XRP
XRP ranks as the fourth largest altcoin, commanding a market share surpassing $30 billion.
Despite mounting concerns within the crypto community regarding XRP’s prolonged underperformance, technical analysts anticipate a potential 300% surge in the coming weeks.
At press time, XRP trades at $0.5594, with a notable 7% gain over the past seven days.
Hedera (HBAR)
Lastly, Hedera’s native token HBAR also secured a spot on the analyst’s list of top picks to monitor for a potential threefold increase during this bull season.
Currently trading at $0.08455, HBAR has experienced a 7.7% gain over the past seven days.
Hedera is reputedly recognized as the most utilized, sustainable, enterprise-grade public network for the decentralized economy. It enables individuals and businesses to develop robust decentralized applications with a fairer and more efficient system.