The market leader, Bitcoin, has achieved a new all-time high (ATH) and has successfully crossed the $69,000 mark, indicating a strong bullish influence in the crypto space. Further, top altcoins have followed in the footsteps of the BTC price and have recorded significant jumps in their respective portfolio.
With the major event “Bitcoin Halving” approximately 45 days away, the price of Bitcoin has already achieved a new ATH, highlighting a high possibility of it attempting to test the $100,000 mark by the year-end.
Top Altcoins To Impact BTC’s ATH:
The crypto industry is highly influenced by the price action of Bitcoin, as many unique and fundamental projects are built on it. Moreover, with the market constantly fueled by bullish sentiments, top altcoins are on the verge of achieving a new ATH.
This article consists of the top 3 altcoins that have the potential to achieve a new all-time high this week.
Bittensor (TAO):
At the time of writing, the Bittensor (TAO) token had a trading price of $654.5 with a market cap of $4.157 Billion and a circulating supply of 6,352,654 TAO tokens. The Bittensor token has an ATH of $728.52 and requires a jump of only 10% to achieve a new high.
The TAO token has added 50.3% within the past month and over 143% Year-to-Date (YTD), indicating a positive price action for this altcoin in the upcoming weeks.
The Moving Average Convergence Divergence (MACD) displays a constant rise in the histogram, indicating an increase in the buying pressure within the crypto space. Further, the averages show a bullish convergence, suggesting the price will continue trading under a bullish influence in the coming time.
The Bittensor (TAO) token hints at a high possibility of it testing its upper limit by the weekend, making it a potential pick for this list as it may reward its investors with huge short-term profits.
Pepe (PEPE):
The Pepe coin currently trades with a price tag of $0.00000718 and is roughly 15% away from its ATH. Despite having a high supply of 4.20 Trillion tokens, the PEPE token has successfully secured a spot in the top 100 cryptocurrencies of all time.
The PEPE token has recorded a loss of approximately 5% within the past 24 hours but has added over 230% within the past seven days and 650+% over the past 30 days, indicating a strong bullish influence in the crypto market.
The MACD displays a constant green histogram, indicating a higher buying-over-selling pressure in the crypto industry. Conversely, the averages show a high possibility of a bearish convergence, suggesting a mixed sentiment in the crypto industry.
Optimism (OP):
The Optimism (OP) token requires a jump of approximately 6% to achieve a new all-time high, indicating a strong bullish influence in the industry. Moreover, the token’s relatively low supply indicates a strong fundamental and a positive outlook.
The Optimism price has over 11.2% within the past 24 hours. Further, the altcoin has added approximately 16% within the past seven days and over 44% over the past 30 days, highlighting a bullish sentiment among the cryptocurrencies.
The technical indicator, MACD, displays a significant rise in the green histogram, highlighting a massive ongoing buying pressure in the crypto space. Moreover, the averages show a sharp rise, suggesting a positive price action for the coin in the coming time.
Conclusion:
With the price of Bitcoin successfully achieving a new all-time high (ATH) ahead of the Bitcoin Halving, the industry is set to witness a new market high in the upcoming months. Further, the upcoming events are set to escalate the BTC price toward the $100,000 mark this year.
Note: This article is not a piece of financial advice and is not subject to any promotion. This article is a research article, make sure to research on your own before investing in any digital asset.