The crypto market has displayed a significant uptrend in its valuation over the past few days with top altcoins successfully surpassing their important resistance levels, highlighting increased buying-over-selling pressure in the crypto space.
However, mid-cap and low-cap altcoins have added massive valuation to their respective portfolios over the past few weeks with few altcoins outperforming the top altcoins. This highlights a switch of investors for these tokens to maximize their short-term profits.
In this article, we have covered the top four altcoins that can record a 100% upswing during the upcoming week.
Arcblock (ABT):
Built on the Ethereum contract, the Arcblock functions as an ERC-20 token. Further, the Arcblock is a platform used for building and deploying Decentralized web applications. It bills itself as a whole blockchain 3.0 product platform certified to build, deploy, and manage apps easily.
The ABT token has added approximately 5% within the past day and 36.98% over the past seven days. Moreover, with a market cap of $415.44 Million, the ABT price has added 1,828.66% to its portfolio since the year started.
Furthermore, the technical indicators EMA 50/200-day and MACD display a strong bullish price action in the 1D time frame, suggesting a positive outlook for this token during the upcoming time.
If the bulls continue to gain momentum, the Arcblock price will prepare to test its upper resistance level of $5.50 by the month-end. However, a bearish trend reversal could pull the ABT coin price toward its lower support level of $2.95.
Cream Finance (CREAM):
Cream Finance is a Decentralized (DeFi) lending protocol for individuals, institutions, and protocols to access financial services. The CREAM project is also part of The Yearn finance ecosystem. It is a permissionless open-source blockchain serving users on Ethereum, Binance Smart Chain, Polygon, and Fantom.
At the time of writing, the price of C.R.E.A.M token was 58.91 with a market cap of $106.88 Million. Furthermore, it has a circulating supply of 1,855,659 CREAM tokens and a total supply of 2,924,546 CREAM.
The Moving Average Convergence Divergence (MACD) shows a significant rise in the green histogram, highlighting an increase in the buying pressure in the crypto market. Furthermore, the averages display a bullish price sentiment, suggesting the price will continue gaining value in the coming time.
If the crypto market regains momentum, the bulls will prepare to test its upper resistance level of $80 during the upcoming time. However, a bearish reversal may pull the price toward its lower support level of $47.75 this month.
Drift (DRIFT):
Built on the Solana chain, the Drift project is completely an on-chain perpetual and spot DEX. It gives its users the ability to trade pre-launch markets and launched tokens with up to 10X leverage.
The DRIFT price added approximately 15% within the past day and 257.13% over the past seven days. Moreover, it has jumped over 260% since its inception, indicating a strong bullish outlook for the altcoin in the coming time.
At the time of writing, the Drift token had a trading value of $0.3573 and a market cap of $59.67 Million. Further, it has a circulating supply of 167 Million Drift tokens and a total supply of 1 Billion tokens.
Solchat (CHAT):
The Solchat (CHAT) is a Solana-based communication protocol primarily used to elevate your conversations. It offers text, voice, and video calling similar to Web2 but in a Web3 environment.
It caught the market’s attention following its low gas fees, and encrypted and peer-to-peer audio and video calls via WebRTC to maximize security.
The CHAT price has recorded a jump of 30.31% within the past day and 48.54% over the past seven days, indicating a positive outlook for the altcoin in the coming time.
Conclusion:
The cryptocurrency market has regained momentum and continues to trade under a positive outlook, suggesting this to be a good entry point for new traders and investors in the crypto space.
Investing in cryptocurrency is highly risky as the market is highly volatile, make sure to do your own research before investing in any digital asset.
Note: This article is not subjected to any financial advice in any manner. The tokens selected were based on their past performance and market sentiments and are not for promotional purposes.
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