The market is on the dip these days, and this is a great opportunity to jump into some potential projects and earn sweet profits. Traders are still very confused about the most potential altcoin throughout the market.
The host of CryptoBusy, a Youtube Channel where you can get up-to-date crypto news, coin, token, and wallet reviews, Tom, has revealed the top 4 huge potential altcoins to buy in this dip.
Zilliqa (ZIL)
The first altcoin on the list is Zilliqa (ZIL). Zilliqa is a public, permissionless blockchain 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 saw a big dip for Zilliqa, taking it all the way down to $0.32. This is the level that we should get back into Zilliqa. This is just a classic break of structure. Then there will be a re-test around halfway and then a continuation.
So this could be a continuation of the uptrend that we’ve broken out of some major structure. And this means we can get into the price around $0.1 and our first target being the all-time high again being $0.23 to $0.26, and then after that, we can kind of just see where it goes. This could be a coin that goes to $0.47, $0.50, or even $1.
ZIL Chart | Source: Youtube
Polkadot (DOT)
The second altcoin that Tom mentioned on the list is Polkadot (DOT). Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web 3.
It’s on a really nice level to buy. We’re at around the level of demand between that $14 and $17 region, and currently, we’re sitting around $18 at press time.
The price can break above that kind of $19, $20 region just to continue up towards at least $24, or maybe even $30, and get back to where it was as its all-time high. We could see DOT’s price going up to $55. So this altcoin is the one to pick up during the dip.
DOT Chart | Source: Youtube
Solana (SOL)
The next one is Solana (SOL). Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide DeFi solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation, with headquarters in Geneva, Switzerland.
SOL has had a massive fall from where it was just a week ago. So it was at $143 per coin. It is currently trading at $104.44. That’s a minus 27% gain because that is how the market goes. This level of demand did lead to a break of structure around $86 to $91. Traders could jump into this project at that level and hold to see a break of the structure of at least $111. That’s already kind of a 25%, 26% gain.
Solana is a really solid project in the top 10 by market cap. Therefore, it’s quite a safe bet and a long way to go.
SOL Chart | Source: Youtube
Theta Network (THETA)
The last altcoin on the list is Theta Network (THETA). Theta Network is a blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources peer-to-peer.
We’ve come down for a retest on this overall level and this level is the one that takes it up higher in terms of where we can target. If you want to target the all-time highs that is technically the breakout at scale, then we could go from $2.96 up to that high of $16. That’s a 434% gain, so this one has probably the most upside potential.
THETA Chart | Source: Youtube
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