Low capitalization, high odds: The altcoins ready to show price movements

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.

With Bitcoin’s impending halving on the horizon, history suggests that we may be on the cusp of significant increases in the value of cryptocurrency. Enthusiasts and experts alike are watching it closely, and some predictions suggest Bitcoin could soar to an astonishing $250,000. In this climate of expectation, attention is also turning to alternative cryptocurrencies. These lower-capitalization digital currencies are known as ‘altcoins’ and show potential for substantial price movements, making them increasingly attractive for closer examination as the market prepares for the coming shifts.

During the latest market turmoil, the CHO token seemed to ride the wave of potential progress within its ecosystem. Indeed, there was a lot of excitement as the team behind Choice.com hinted that a game-changing revolution in the project’s tokenomics was underway. On a cryptic stub site, they also introduced a CHO airdrop for early investors, which should be the largest in the company’s history. These implicit announcements encouraged the CHO community to start accumulating, causing the token to skyrocket by over 400% in two months. Notably, it added 90% to its value in a week, when Bitcoin lost $10,000 at one point. As such, investors in CHO have already nearly quadrupled their seed capital!

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Given that there is speculation that Choose.com’s breakthrough in tokenomics will lift CHO beyond its small-cap status, the project’s community is now anticipating another big leap that could surpass the crypto titans this market cycle. With less than 5 days to go before Choice.com enters a new era in its multi-year history, now is an ideal time to get your hands on some CHO tokens at a low price! While the company remains steadfast, CHO has an action-packed journey ahead. And if you’re eager to fully prepare for the next rally, don’t hesitate to join the waitlist and grow your CHO supply with free airdrop tokens, ready for even more impressive profits after the update.

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Starknet’s potential growth amid resistance levels

In the near future, Starknet could see its value grow. If buyers move past the nearest resistance at $2.30, momentum could take them towards the second resistance at $2.50. The current price of $2.17 indicates potential upside. However, short-term dips could occur if the price falls below the nearest support at $2.10, with a possible further decline towards the second support at $2.00.

Looking at the long term, Starknet’s stable price above the 100-day simple moving average of $2.00 is a good sign, indicating a stable uptrend. If this trend continues, we can expect a gradual increase, reflecting solid growth. However, caution is needed as any shift in sentiment could see support levels tested, especially if it falls below the 10-day moving average of $2.15.

The price of Pyth Network is fluctuating around the resistance

Pyth Network’s current price of $0.89 is just below the nearest resistance level at $1.13, which could indicate an upcoming test of this level. If it breaks, we can see the price aiming for the second resistance level at $1.33. The 10-day Simple Moving Average of $0.94 also indicates potential near-term upside momentum. However, the presence of substantial support levels at USD 0.79 and significantly lower at USD 0.65 shows that significant declines could occur if the price trend reverses, with the potential to slow down near these points.

In the longer term, overcoming the resistance at $0.92 could confirm a sustained rise, which could increase investor confidence, pushing the price closer to the $1.18 mark. But if selling pressure increases, the price could retreat to stronger support levels. A drop below $0.89 could lead to tests of support, initially around $0.38. A break of this bottom could bring the second support at $0.118, where buyers could emerge to avoid further losses. The intertwined optimism and caution paint a complex picture of potential growth, laced with caution for Pyth Network.

Ondo’s Price Outlook: Bullish Signals and Risks Ahead

Ondo’s current price of $0.88 shows that it is above the nearest support level of $0.53, indicating room for growth. The 10-day Simple Moving Average at $0.82 and the MACD buy signal reinforce this bullish outlook. However, as the nearest resistance approaches at $1.05, investors may witness a pullback. In the short term, it needs to consolidate above $1.05 to aim for the second resistance at $1.23. The relatively neutral signals from the RSI and the Stochastic RSI indicate the possibility of stable price action in the future.

Looking at the longer term, Ondo’s price above the Simple Moving Average of $0.82 at $0.82 is a positive sign. But without a 100-day SMA, it’s difficult to estimate long-term trends. The second support level at $0.0808 indicates potential downside risks if the market turns. A balanced view for Ondo could explain these support levels in the event of a downturn, with investors looking to maintain current price levels to remain optimistic about steady upward momentum.

Jupiter’s price fluctuations and growth potential

Jupiter’s current trend indicates growth potential, with a price tag of $1.28, just below the nearest resistance at $1.57. The bullish scenario could see a ride to the second resistance level at $1.86. Analytical indicators such as the RSI indicate a hold, meaning there may be stability around current levels. Long-term opportunities could emerge if this price point provides strong support.

However, indicators such as the MACD and the 10-day Simple Moving Average point to a selling policy, signaling possible short-term declines. If selling pressure increases, Jupiter could pull back to the nearest support level at $1.03, or even to the second support at $0.77. Investors may experience a short-term bearish phase, but these lower levels could provide buying opportunities and lay the groundwork for a potential recovery.

Conclusion

With Bitcoin’s halving approaching, the crypto market is buzzing with anticipation of a significant impact not just on Bitcoin but on a range of promising altcoins. Of these, Choice.com (CHO) stands out with its groundbreaking tokenomics and an impressive airdrop, which is piquing investor interest. Likewise, Starknet, Pyth Network, Ondo, and Jupiter are positioned for potential growth, making them prime candidates for portfolio diversification ahead of market shifts. This moment presents a strategic opportunity for investors to engage with these emerging cryptocurrencies poised for growth in a post-halving landscape. Now is the time to explore these opportunities, as the halving promises to reshape the dynamics of the crypto market and offer potential rewards to those ready to take advantage of the coming changes.

Website: https://choise.ai/

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on any goods, services or content mentioned in the press release.