The cryptocurrency market is growing over the past couple of days, with Bitcoin marking a brand brand-new all-time high and catching the desired $60,000 mark – – another big turning point.
But, as we understand from history, the market likes to move in cycles, so it might be the case that quickly we see altcoins starting to capture up. With this stated, we’ve prepared a list of a few cryptocurrencies besides BTC that may be interesting to look at over the following week.
Ethereum did quite well over the past seven days, and there’s no factor to think it won’t continue doing so going forward. It’s up about 12% over the previous week, and it has effectively reclaimed the critical $1,800 level.
ETH/USD. Source: TradingView The cryptocurrency reached a high of around$1943 the other day however has actually charted a couple of consecutive red 4-hour candle lights since then, following what the majority of
the marketplace is doing today. This appears like a healthy retracement, and ETH does look as if it’s primed to take a stab at the coveted $2,000 level. Furthermore, at the time of this writing, ETH is also trading above 0.031 BTC. If this level holds, this might offer additional strength going into the
ADA)Cardano has actually easily been among the most hyped altcoins throughout the previous month. In February alone, the cryptocurrencies surged from around $0.3 to a high of $1.48 for a remarkable boost.
Because hitting its ATH, nevertheless, Cardano (ADA) has been cooling off. At the time of this writing, it’s trading at around $1.06.
ADA/USD. Source: TradingView However, ADA is one of the coins that has retail interest taking a look at it at a rate that’s not characteristic of other cryptocurrencies apart from, perhaps, Dogecoin. We saw plenty of celebs speaking about it. One of them was the legendary rock star Gene Simmons, the bassist of KISS, who said that he had invested$300K in ADA. In any case, now that the cryptocurrency has actually cooled off and as
we’ve seen lots of times before,
when altcoins start popping, it may be in the leading positions. Sushi SushiSwap’s native token, SUSHI, is one of the hottest subjects in DeFi for more than a year now. Just a couple of days ago, Coinbase said that it had listed the cryptocurrency on its Coinbase Pro trading platform. In other words, the DeFi magnate continues to receive enormous recognition from major gamers in the field.
Information from DeFi Pulse shows that there’s currently more value secured SushiSwap compared to Uniswap, which is also another important milestone to consider.
SUSHI is up about 27% in the previous week. At the time of this writing, it’s trading at around $21.
SUSHI/USD. Source: TradingView With the basics in location and with the complete support of FTX’s CEO, Sam Bankman-Fried, it looks primed to test its recently-charted all-time high and maybe even break it. Enjin Coin( ENJ )ENJ is up a whopping 95 % over the past 7 days and 300 % over the past 30 days. While some might believe that it’s due for a serious correction after gains like that, there are a few things to consider.
ENJ is at the forefront of the non-fungible tokens (NFTs) trend. Launching on April 6th, JumpNet is one of the 2 services that Enjin is wanting to fire out to handle the existing concerns that NFTs deal with. It’s a high-speed bridge network that will enable totally free and immediate on-chain deals of ENJ and ERC-1155 tokens. They likewise have the Efinity upgrade in the producing 2021, which is a decentralized blockchain for NFTs.
With the buzz around NFTs growing stronger every day, ENJ is poised to capitalize on it.
ENJ/USD. Source: TradingView Looking at the charts, the cryptocurrency presently trades around $2.25 and rests on
a total market cap
of around$ 2.1 billion. It’s absolutely a coin worth checking out for the following week. Ethernity Chain(ERN )Ethernity Chain is a relatively recent task that had its IDO on Polkastarter hosted simply towards the end of February. Since then, the group has been hectic at work, and it shows.
CryptoPotato reported, among the most popular NFT marketplaces, OpenSea, recently experienced interruption issues. This happened as a result of the thriving traffic related to the NFT drop of BossLogic that occurred through Ethernity.
Currently, ERN rests on a total market cap of around $111 million, so it’s fairly small, which might likewise suggest that there’s major room for development.
ERN/USD. Source: DexTools At the time of this writing, coin is trading at around $23.5. Nonetheless, as we discussed previously, the NFT space continues to flourish, and it might be the case that associated platforms enjoy the flight up.
Please note that none of the above is financial guidance. Buying cryptocurrencies carries high risk. For a full disclaimer, please refer to the footer.