April closed with a new Hopeful air for the crypto marketdriven by Bitcoin leadership that also infected good projections for numerous alternative currencies or altcoins that can give the batacazo in May.
According to what analysts trust iProUPthere are several “covered” currencies that are They are close to marking new historical maximums.
Cryptocurrencies: which can increase your price in May
The Altcoins are showing a Vigorous awakeningcapturing a significant portion of the renewed capital in the ecosystem. The numbers speak for themselves: in the last week, the total market experienced a remarkable increase of 10.2%.
The most striking thing is that Bitcoin represented only 7.6% of this advance. And some analysts expect you to do an next and natural setback, and then resume the positive path.
“Despite the positive foundations, the Mercado shows overcompra signalswhich increases the risk of corrections in the short term. The upward trend remains, with important resistance among the u$s95.000 y u$s 96.500area where there may be a profit or bullish trap, “he assures iProUP Carolina Gama, country manager de Bitget para Argentina.
In this way, investors who “go” from Bitcoin can seek destiny in other digital currencies, a kind of FECTO “SPILL” ABOUT THE ALTCOINSgenerating a wave of expectations and opportunities in the local market.
Three outstanding altcoins, according to analysts
when making a name and surname to the options that can give the Surprise in Maymarket analyst Enrique Nievas points to Walrus (WAL).
“It had a considerable increase in the price during the last month, with reports that anticipate a Growth of between 38.55% and 46.45%“, complements. Today, quotes $ 0.60.
The Market capitalization Wal also grew substantially during this period, reaching values between US $ 691 million YU $ S842 million.
“It’s just a 11% of overcoming its ATH and potentially establish a new milestone in the u$s0,75. It will depend on the continuity of the bullish momentum, “adds Nievas.
However, a premature gain taking or impulse weakening can stop their progress. The inability to break the resistance at US $ 0,634 It would trigger a fall to the US $ 0,54, invalidating the current upward perspective and pointing out a possible correction in the price of the Altcoin.
For its part, the market analyst Walter Bazán adds to the Altcoins list to follow Saros (Saros), which today is located in the 0.13 dollars. After reaching a fleeting ATH, you have the opportunity to Recovery towards US $ 0,20. That is, 50% rise.
“It had a considerable increase. At the beginning of Aprilthe price rose to a Historical maximum of around US $ 0.17“, highlights Bazán, who It emphasizes that the asset remains in a range that can cause a recovery and a greater growth of its price.
According to the expert, Saros “currently faces a Key resistance at US $ 0,1344whose overcoming is crucial to return to your ATH. A successful break would open the way to u$s0,20 And, if the bullish impulse is maintained, it can continue to grow. “
For his part, Luis Zegarra bets on XRP, Altcoin who at the time of this writing is traded around the u$s2,20. “A successful rupture of the resistance of US $ 2,40 would indicate the potential of a continuous ascending impulse,” he anticipates ..
Despite the recent increaseXRP is still more than 48% of its historical maximum (ATH) of US $ 3,40. A sustained rally or a generalized upward market can boost XRP towards its peak, especially if the current breakup is confirmed.
Cryptocurrencies: What is the Altseason that excites investors
The Anglo -Saxon term altseason Describe a particularly exciting period for cryptocurrency traders. Refers to a phase in which Altcoins begin to overcome Bitcoin in terms of performance and growth percentage.
In the current context, investors, eager for new opportunities, observe carefully how diverse alternative currencies begin to show substantial increases in their value. According to the Santiment analysis firm, there is an interesting correlation between the public interest in these assets and the most convenient moments to invest.
“History showed that more timely tickets in any cycle of altcoins They occur when the public shows a total disinterest In them. After all, we know that markets constantly move in the opposite direction to the expectations of the retail sector, “says the firm.
This observation suggests that, although the enthusiasm for these currencies is growing, the most experienced investors may be attentive to possible entry points when the public’s fervor reaches its maximum pointanticipating possible corrections and seeking long -term opportunities.
