Altcoin Market Hits $1.19T: AKT, CRO, RNDR Set for 100%+ Upside?
The post Altcoin Market Hits $1.19T: AKT, CRO, RNDR Set for 100%+ Upside? appeared first on Coinpedia Fintech News
With the total crypto market cap, excluding Bitcoin and Ethereum, crossing $750 billion, the bull run in altcoins is gaining momentum. Akash Network, Cronos, and Render are stealing the spotlight among the top performers.
So, let’s take a closer look at their price analysis and find out the buying opportunities of each of these tokens.
Top Altcoins Tokens To Buy Akash Network (AKT)The AKT price action shows a falling channel breakout rally gaining momentum. The bull run has surpassed the 38.20% Fibonacci level and is trading at $3.30 with an intraday gain of 12.11%, with the ongoing recovering rally accounting for a 52% rise in seven days.
Based on the Fibonacci retracement tool, the bull run will likely extend to the $5 psychological mark, slightly above the 78.60% Fibonacci level. The 1.618 Fibonacci level at $12 is a potential target in the longer term.
Hence, with a massive upside of more than 250%, the altcoin shows massive room for growth. Find out more in AKT price prediction.
Cronos (CRO)With an unprecedented rally at the plate, the Cronos price has increased 60% in the past two days, followed by a 72% recovery last week. Currently, it is trading at $0.1195 and slightly below the $0.20 psychological mark.
The bull run is challenging the 23.60% Fibonacci level in the weekly chart at $0.2152. A bullish breakout above this level is likely to reach the $0.40 psychological mark or the 50% level.
Hence, with an upside of more than 100%, the altcoin is likely to prolong the ongoing recovery.
Render (RNDR)The AI token render shows a resistance trendline breakout in the daily chart. The bull run has exceeded the $7 psychological mark and is trading at $7.33. With an intraday gain of 6%, the ongoing bull run accounts for a price jump of nearly 75%.
With the trendline breakout rally, the bull run will likely surpass the $13.27 mark for a new 52-week high level. Hence, the altcoin shows more than 80% upside potential from the current market price.