September 30, 2022

Altcoin Surge: DOGE, ICP, and QTUM Leading Today’s Charge

3 min read

< img width ="1200"height=" 630" src="https://cdn.coingape.com/wp-content/uploads/2021/08/08014624/ALTCOINS.jpg" class ="attachment-full size-full wp-post-image" alt="" style="float: right; margin:0 0 10px 10px;"/ > The green is upon the cryptocurrency ecosystem today. Bitcoin(BTC) is keeping a constant pace with a 1.82%development to$43,662.36, a positive momentum maintained as the United States Senate goes to vote on the Infrastructure Bill which has an indirect influence on whether crypto will thrive in America in the next couple of years. Investors, with the trend in the market today appear undisturbed with the likely result, a great advancement for the extremely unpredictable cryptocurrency industry.

Market cap is pegged at $1.79 trillion, up 2.94% in the past 24 hours. As this broad market metric tends towards the $2 trillion zone, the contribution of Bitcoin is generally being tamed by virtue of altcoins acquiring traction per capitalization. With numerous altcoins growing, Dogecoin (DOGE), Internet Computer (ICP), and Qtum (QTUM) are leading the uptrend by rate of gain today.

Dogecoin (DOGE)

The breach of the $0.2 resistant by Dogecoin (DOGE) on August 6 has ushered in an enormous purchasing momentum in which the bulls has actually rallied to push cost to its existing point at $0.25.

DOGE/USD 4h Chart(Binance) Source: TradingView The surge in the price of Dogecoin has constantly been fueled by Tesla employer Elon Musk, however, this current rally seemed taking its natural cause, recommending the development may be sustained in the short term.

The steep slope of the DOGE/USD 4h Chart as seen on TradingView may stir a healthy retrace. Nevertheless, where costs will be pegged in the mid to long term will be entirely determined by the dominant force in the market at the time.

Internet Computer (ICP)

Internet Computer is currently trading at $64.38, a 91.34% deficit from its All-Time High (ATH) worth of $737.20 according to CoinMarketCap. The unprecedented market dip has not been favorable to ICP, however, the coin, which assures to unseat data giants like AWS is seeing a price restoration today.

At a growth rate of 29.81% at the time of writing, investors appear to be restored in a move that mimics the pattern when the coin was noted back in May. Technical basics are bullish on ICP at the minute as displayed in the ICP/USD chart below.

ICP/USD 4h Chart (Coinbase)

Source: TradingView Ought to the buying momentum be sustained, a push above $70 may be seen in the short-term. Qtum( QTUM )Qtum is likewise one of the best performers today, with bulls figured out to press prices to pare off loses accumulated in the previous 30 days. QTUM is presently up 24.77% to $10.80. For QTUM bulls, a more buying pressure requires to be put in to get prices approximately its winning ways in a bid to retest its previous ATH of $99.87 obtained 4 years back.

< img class="size-full wp-image-88978" src="https://cdn.coingape.com/wp-content/uploads/2021/08/08013837/QTUM.png" alt ="" width="1389" height="752"/ > QTUM/USD 4h chart (Kraken) Source: TradingView

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