Top 3 Potential Altcoins Ready To Pump, According to Cheeky Crypto
The entire market is back in green today and people are very bullish. But a sentimental decision won’t work in a long term. Traders should take some technical analysis in order to make the right decision.
Cheeky Crypto, a famous Youtube Channel focused on Cryptocurrency, has highlighted the top 3 altcoins that are ready to pump. They are micro-caps but have huge potential.
The first potential altcoin to mention is Zilliqa (ZIL). Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution.
The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.
We get correction move coming down, probably it is going to stabilize somewhere around the $0.054 area. This seems to be an area of support. So traders should keep an eye on that. But it potentially comes down lower and then the idea and the overall target is to come above $0.061.
Wave three has to go higher than 0.061 to be in a valid impulsive move. This is a really good structure for this micro-cap altcoin.
ZIL chart | Source: Youtube
The second one to mention on the list is SingularityNET (AGIX). SingularityNET is a blockchain-powered platform that allows anybody to easily “create, share, and monetize” AI services, thanks to its globally-accessible AI marketplace.
This altcoin is very centralized within a few high-end tech companies and taking dominance over artificial intelligence. They’ve struggled to kind of get things off the ground with various different constraints with the ethereum network they are actually migrating over to the cardinal ecosystem building on Haskell.
We’ve got good structure going on. We can take the current low point at about $0.0172. If the C wave goes past $0.0172 effectively, we will go impulsive and we start to count five waves up again. This is the beginning and the birth of potentially a really big move for AGIX.
AGIX Chart | Source: Youtube
The last altcoin to mention is SingularityDAO (SDAO). SingularityDAO is a true Decentralized Autonomous Organization designed to simplify access to the crypto economy.
SingularityDAO has created the first decentralized, non-custodial, dynamically adjusted baskets of tokens (DynaSets) controlled by a team of traders aided by and eventually handing over majority control to, highly advanced Artificial Intelligence, the likes of which are leveraged daily on Wall Street but are as yet unknown in the crypto space.
The DynaSets and the artificial intelligence go ahead and do all the trading for you to outperform the market. SDAO token has done incredibly well in the very same way that we saw with SingularityNET.
Basically, wave one coming up, wave two is coming down and now we’re looking to try to get some traction behind a wave three that might be up, right up about $2 and then we pull down and then we push up into that final fifth wave. Making that fifth wave actually much larger than may be expected.
There are a couple of key areas of resistance. Wave three might hit this $2.31, we pull back and then wave five the final wave that actually syncs up with our final fifth wave on the larger scale and comes in maybe at $2.66.
There’s a huge movement to the upside due here for SDAO to complete this structure. When it actually finishes and we’re going to be in a really good position to see some kind of corrective play for more accumulation before a massive swing to the upside.
SDAO Chart | Source: Youtube