$SOL #fantom #Celestia #layerzero
🔹Some projects in the crypto space are poised to outperform because they have a narrative. Some bullish catalysts like the FTX narrative, Donald Trump’s possible victory, and further rate cuts have boosted the tokens. Crypto expert Sahana Vibhute shares 4 altcoins that have the potential to break out very soon
🔹First ranked altcoin: Celestia (TIA)
🔹Celestia has broken out of the descending formation without the possibility of forming another lower high. Therefore, the price is expected to maintain a healthy rise, regardless of the token facing some bearish movements since early trading hours. However, some bullish narratives are making major rounds. Hence, this makes the altcoin project a reasonable bet.
🔹Naturally, Solana (SOL) is also included in the list!
🔹Solana’s price remained in a range for a while. However, bulls carried bullish expectations as they waited for the right time to make a move. The price tested $150 on the previous trading day. This made market participants optimistic about the next price move. OI or Open Interest is one of the key indicators that can suggest the next planned action for the altcoin. SOL OI has risen significantly. It has also broken above the resistance zone, which is expected to eventually create major bullish moves. Therefore, it is possible that SOL price could reclaim $150 and trigger a rally to $175 soon.
🔹An altcoin with explosive potential: Fantom (FTM)
🔹Following the Andre Cronje-backed YFI, another project, Fantom, is expected to make a big move after a major upgrade. The Sonic upgrade provides lightning-fast transitions of over 2000 TPS with a single-second finalization time. So, it is considered one of the biggest moves. This will put Fantom on par with Solana and the likes. Moreover, the Fantom virtual machine is expected to replace the Ethereum virtual machine, which aims to support superinstructions and optimize transaction packets.
🔹LayerZero (ZRO) comes in last place
🔹Since launch, the ZRO price has maintained a steep upward trend. Moreover, despite the rejection from the highs, it is possible that the altcoin price could renew an increase beyond the current ATH. The platform is about to launch lzCatalyst to connect top builders to venture capital. Participating funds plan to invest up to $300 million directly in projects that integrate LayerZero. They are also encouraged to continue the relevant due diligence and investment processes. However, the possibility of a major rally for the altcoin has made major rounds.
