Top 4 Altcoins Will Explode In 2022, According to CryptoBusy
This year, VRA, GLMR, and many more altcoins have plenty of potential. While Bitcoin is trending downwards, these altcoins are bound to explode!
In the latest video, Josh, host of CryptoBusy, a famous Youtube Channel focused on cryptocurrency, has revealed the top 4 altcoins that will explode, going over the technical analysis, and key levels to look out for, and price predictions.
The first altcoin mentioned on the list is Verasity (VRA). Verasity is the next generation of video-sharing aimed at creating a fair system for creators to earn from their work and advertisers to gain value for their ad spend.
We last had that down zone before the big buy zone, which formed this level of demand. We should enter this level of demand, and once we do that, we can wait for a break of structure on a lower time frame. The four-hour chart seems to be quite a nice area to take a look VRA is quite volatile.
Our buy zone is up to an all-time high. We can see it’s a 646% gain, just to get back to where it’s already been, so that sounds like a pretty good risk to road ratio. Your stop-loss would probably be set just below the low at $0.075, and you can see this would mean a very good risk-reward ratio.
It won’t break down below $0.012. That is really where it gets a little bit more dangerous, but then we do enter this level of demand. So there’s a lot of potential for VRA, and this is the one to take a look at in terms of dollar-cost averaging or just buying when things are low.
VRA Chart | Source: Youtube
The second one is Moonbeam (GMLR). Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.
We start hitting around that $2.40 area. That is when we’re going to start pushing upwards. Therefore, we can come back up to that high and just get back to the high from where we are. To get back up to where it has been, which is $16, is the official all-time high. This is just a random wick, then a huge potential gain there, which would lead us up to 55% of gains.
GLMR Chart | Source: Youtube
KuCoin Token (KCS)
The next altcoin on the list is KuCoin Token (KCS). KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain.
There’s a lot of potentials there. We have a nice level of demand. We have this double bottom, which created liquidity, meaning once the price comes into around that $16, $17 range, that’s definitely going to be a lot of buying pressure.
We’re going to see a really nice bounce for KuCoin shares coming soon, and hopefully, we’ll push us up to the recent high, and the recent high from where we are would give us like a 24% 25% gain. To get back to that all-time high, we can see it will get up to which is about $28, $29. That’s 63% gain is quite a safe bet based on the status of this coin.
KCS Chart | Source: Youtube
The last altcoin mentioned on the list is Synthetix (SNX). Synthetix is a DeFi protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset.
The level of demand is around $3.30 and $4.30. To get back up to the top is a massive gain, that will put us 528% gain. We get into around the $4.20 range. We should wait for it to break the structure on the four-hour and the daily chart. If we take a look at our RSI on the four-hour chart, we’re heading into the oversold area. We do get down into the $3.5, $3.6 area.
SNX Chart | Source: Youtube
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