As Bitcoin reaches new highs and the overall outlook seems very positive, the altcoin market is heating up. Ethereum (ETH), Dogecoin (DOGE), Tron (TRX), and Minotaurus (MTAUR) are gaining attention as they may also see bigger moves.
In this article, we’ll look at why these cryptocurrencies are worth watching. We’ll check their price movements and see if they have the potential to reach new highs like Bitcoin.
🔸Ethereum (ETH): Powering the Next Wave of Blockchain Innovation
The first altcoin to mention is Ethereum. It has a major role in the crypto world. It supports many decentralized applications (DApps), smart contracts, and NFTs. With more than 3,500 decentralized applications on its blockchain and over 70% of the NFT market, it has shown both strength and stability. The recent rise in Bitcoin has led to more focus on Ethereum, which is now expected to see a price rise as well. Ethereum’s network processes about 1.2 million transactions each day, which shows how widely it is used. With this solid foundation, ethereum price USD may continue to rise as interest in crypto grows.
The Ethereum price is now between $2,787.50 and $2,947.84, while its all-time high (ATH) sits at $4,878.26. Current market indicators suggest that Ethereum could soon be on a path to test and potentially pass this ATH. The RSI is at 68.2, nearing overbought levels, indicating high demand, and the MACD at 51.3 supports this strong trend. If Ethereum breaks through its immediate resistance of $2,989.5, a move toward its ATH could soon follow, setting ETH up for new records.
🔸Dogecoin (DOGE): The Community-Driven Contender
The second pick, Dogecoin, started as a “meme coin,” but it has since grown into a popular crypto asset with major support from well-known figures and a strong community. Dogecoin is known for its fast transactions and low fees. In fact, it processes transactions 60 times faster than Bitcoin and completes 10,000 transactions every minute. It has a large user base, with over 2 million active wallets worldwide. As Bitcoin’s upward trend sparks interest in other coins, the Dogecoin stock may also attract new buyers, especially given its loyal following.
Currently, the Dogecoin price ranges from $0.1867 to $0.1978, far below its ATH of $0.7316. Technical indicators suggest that Dogecoin is gaining momentum. With the 10-day moving average at $0.171478 showing a positive trend and an RSI at 73.6, Doge is in high demand and close to its first resistance level of $0.193380. A strong break above this level could push Doge past $0.225580 and drive it toward its ATH. The strength of its community, renewed interest in altcoins, and recent positive coverage might just help Doge aim for a return to these previous highs.
🔸Tron (TRX): A Fast and Affordable Blockchain Alternative
Next up, we’ve got Tron and Tron is known as a solid option for decentralized applications, focusing on low fees and fast transactions. It currently supports over 1.8 billion transactions and has more than 200 DApps. Tron is also popular, with over 130 million user accounts on its blockchain. This broad reach and growing network make trx tron a reliable choice for developers. As Bitcoin’s rise brings attention to altcoins, trx coin could attract more users who want low-cost transactions.
The trx price is now between $0.1598 to $0.1617, compared to its ATH of $0.2317. The 10-day moving average of $0.164233 shows TRX is consolidating at this level. The support level for TRX is $0.157458, while the next resistance levels are $0.174653 and $0.181089. Technical signs, including an RSI of 47.49 and Williams Percent Range of -90.2, indicate TRX is currently oversold. This could lead to a bounce in price, and if TRX breaks above $0.174653, it may aim to test and even surpass its ATH, especially as demand for affordable blockchain solutions grows.
🔸Conclusion
Bitcoin’s rise has opened the door for altcoins like Ethereum, Dogecoin, and Tron to follow its success. Ethereum price USD could be primed to surpass its ATH of $4,878.26 with its strong network and high demand. Doge price, driven by a strong community and renewed interest, may also target its ATH of $0.7316. TRX coin, with its low-cost network, has the potential to reach its ATH of $0.2317 as more users seek affordable blockchain options.
