Top Altcoins That Could Be The Next 100x Gems Of The Crypto Space

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Altcoins are plunging and therefore offer a good buying opportunity as some appear to be at the foot of a massive explosion. Bitcoin regains its dominance and approaches the 50 mark. Market liquidity is mostly held by the crypto star as investors have returned to transact BTC. Although altcoins may appear to be trading sideways with less volatility and volume as they mark new highs, it is believed that liquidity flow will return to Ethereum and later altcoins.

Below are some of these altcoins that have the potential to be the next 100x gem.

Cardano (ADA) Cardano is among the cryptos that are considered the strongest projects considering the fundamentals and have exhibited a more diversified trend than the entire crypto space on various occasions ADA price is trying to stop the downtrend and quickly trigger a U-shaped recovery, as it did in early 2023. If a similar pattern repeats, the price could start on a healthy upside and reach the intermediate resistance near $0.3 Previously, the price was leading a massive rally to mark new yearly highs above $0.44, and so we can expect similar price action for the time being. Polygon (MATIC)Polygon is also considered a token with strong fundamentals and its contribution within the DeFi space and especially to Ethereum has always kept it on top The price has shown acute strength on several occasions since the start of 2023 and is therefore expected to fight with the downtrend and propel highThe price has reached the lower trendline and triggered a rebound, which is expected to push the price up near major resistance just below $1. Further, if MATIC price manages to rise and hold above these levels, then a noticeable upside could come outArbitrum (ARB) Arbitrum price since inception has been trading in a descending wedge, which is widely considered bullishThe price has bounced off the lower support and is currently poised to test the upper resistance of the wedge. Here, if the bulls maintain their strength, then the price may break through the upper resistance and reach the major resistance above $1.2. Otherwise, a rejection may take the price lower, near the coin’s support, which may again trigger a significant rise soon Binance Coin (BNB) Binance Coin price is trading in a decisive symmetrical triangle and trading very close to the edge of consolidationThe price is currently trading around $240 and if the price continues with the same trend, it could rise the intermediate resistance at $250 Otherwise, if there is a bearish break, the support below around $230 can be tested, this which can trigger a nice bounce However, the RSI has shown a bullish divergence, suggesting that a bullish breakout may be on the horizon

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