Amidst the current bear market and a significant drop in the prices of several digital assets, many traders are likely confused about what cryptocurrencies to plunge their funds into as they go into another trading season. The unpredictability of the crypto market makes it even harder for traders to make their decisions.Â
Some digital currencies have displayed promising sentiments in the last few weeks even though there has been slight fluctuation in their prices. Here are 5 coins with potential for maximum breakout in the next bull market
Bitcoin Sees Possibility of Boom Post-HalvingÂ
Bitcoin (BTC), the leading cryptocurrency by market capitalization, has demonstrated resilience in the past week.Â
After hitting an all-time high (ATH) of over $73,350 in mid-March, the coin saw a plunge below $65,000 and is now trading at $63,930. However, Bitcoin has seen up to a 150% increase compared to its value this same time in 2023.
According to Bitcoin charts, the flagship cryptocurrency is in the red zone but events like halving which took place some days back are likely to have a positive effect on the coin. Certain analysts are optimistic that the reduced supply of new Bitcoins in the market will be a catalyst to drive the Bitcoin price higher.Â
Notably, a strong demand from spot Bitcoin ETFs is expected to further aid the bullish momentum.
Fantom Ranks Amongst Top PerformersÂ
Fantom (FTM) is another digital asset that has defiled the odds despite the bearish condition of the crypto market. In the last twelve months, the cryptocurrencies has seen a price surge of up to 33%. FTM’s monthly price has been stable for a while but at the same time, the current market outlook has impacted the price of FTM, causing a weekly 29% drop.Â
Price data charts shows that the token’s price is down by almost 4% as it trades at $0.7236. This has not deterred the crypto from ranking amongst the top-performing assets in the Year-to-Date (YTD).
The launch of some products, like the case of the first validator that utilizes Sonic technology, is pulling more investors and traders toward the coin. Fantom’s commitment to offering solutions that are scalable to Decentralized Applications (Dapps), positions the project amongst the most adopted in the digital asset ecosystem. This also sets it on the right path for a mega price surge.
AAVE Demonstrates Impressive Outlook
Many traders are already impressed by the features and performance of Aave (AAVE), a top Decentralized Finance (DeFi) money market protocol.Â
This is underscored by Binance’s decision to integrate the token with the BNB Chain ecosystem recently. So far, Aave has captured the attention of crypto traders, establishing itself as a crypto asset that has come to stay.Â
The fact that users get to borrow and lend cryptocurrencies in an easy and simplified manner while using the protocol, is a catalyst for Aave. The bear market has taken its toll on the token especially as its price is currently trading at $89.11 with a 7.3% drop in value.
Despite this, many optimistic investors believe in the capacity of AAVE, a strong sentiment that can boost its price in the future.
Promoting Interoperability With RUNEÂ
Thorchain (RUNE) is a crypto project that is currently trending because of its ability to facilitate the swapping and exchange of digital assets across different markets, emphasizing interoperability.Â
In the last few weeks, there have been various listings of the RUNE token and this has contributed to the increase in its value. RUNE is gradually establishing itself as one of the best crypto to bet on.
Meanwhile, RUNE price is $5.33 with an 8.23% dip over the last 24 hours.
Shiba Inu: The Memecoin Sleeping Giant
Shiba Inu is also one of the top digital currencies to place on watchlist for long term growth. With a track record of price surge and a dedicated developer base and community, Shiba Inu has what it takes to ride the next bull wave.
The listing of the Shiba Inu on Robinhood for New York residents has also bolstered its accessibility to new investors. Overall, SHIB may add more defined growth jumps in the coming months to retest its ATH of $0.00008845. At the moment, the token is changing hands for $0.00002593.