Top 7 Best Altcoins to Have A Potentially Explosive Gain in 2022
The market is down a little bit but this is the signal of a potentially explosive market. Bitcoin dominance is below 40%, which is good for altcoins. This means a few all coins may have a good day
CryptoBusy, a Youtube Channel for getting up-to-date crypto news, coin, token, and wallet, has listed down the top 7 best altcoins that traders should keep an eye on to have an explosive gain in the future.
The first coin to mention on the list is our legend, Bitcoin (BTC). The main level has hit it bounced and it showed a nice break of structure on the one-hour time frame.
This is a level of demand and then if we do come down into it we might see a nice confirmation and then a continuation back up to our target of $45,000 to $46,000. This is a clear uptrend and nothing’s really been broken. BTC is trading at $42,565.
BTC Chart | Source: Youtube
The second coin on the list is Ethereum (ETH). ETH price break to the upside, it has gone all the way up to $3,411, and then we’ve come down to a low of $3,250 but there’s so much potential for this to go up higher.
The next kind of target is around $3,800 very soon but it does need to continue that bullish momentum along with the rest of the market. ETH is trading at 3,272 at press time.
ETH Chart | Source: Youtube
Utrust (UTK) is the next altcoin to mention. Utrust (UTK) was designed to provide a solution to the problems resulting in the low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.
Utrust is doing pretty well, up around $0.37 and we’re still in a decent profit. UTK is changing hand at $0.36 for now.
UTK Chart | Source: Youtube
The next altcoin on the list is THORChain (RUNE). THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.
RUNE is doing great but its price may come down due to the bear market. The buy zone is around $4 or $5. The market is going up and then hopefully look to sell RUNE around $10 or maybe at $20. RUNE is trading at $6.24 at press time.
RUNE Chart | Source: Youtube
The next altcoin is a really strong one, Solana (SOL). Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide DeFi solutions.
The price of SOL is in an uptrend and we are looking bullish to go up to our next target which will be around that $179 mark. If we can break that, then we can look towards $200 to $250 or so for Solana. SOL is trading at $146.32 for now.
SOL Chart | Source: Youtube
Terra (LUNA) is the next altcoin to mention because this project is doing great. Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin and offers fast and affordable settlements.
LUNA price has broken structure to the upside we had this key level at $65.55 range. The stop loss is below the low at $62.46. We can set up the target around $99 or $100. LUNA’s price is $78.48 at press time.
LUNA Chart | Source: Youtube
The last one to mention 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.
DOT is doing well and it has broken down out of the downtrend. We may come and test this level of broken structure for around $24. If it does that, we’ll see a push up to around $31 as a first target. That’s the next level of supply target. DOT is changing hand at $26.69.
LUNA Chart | Source: Youtube
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