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The crypto market is on the verge of concluding the first week of November on a bullish note. This highlights a strong bullish outlook from the crypto space in the coming time. Moreover, the Ethereum price has jumped ~16% in seven days and is on the verge of reclaiming the $3k mark.
With this, investors are concerned if this is the right time to invest in crypto space? Or is it already late to start investing. In this article, we have covered the potential short-term prospects of few fundamentally strong altcoins.
Bullish Reversal Impact On the Altcoin Market!
Following the ongoing cross-border market recovery, the altcoin segment has experienced a significant uptrend with many tokens recording a double-digit surge. Notably, some project have also experienced a surge of over 100% during this period.
Here are some of the potential altcoins that have the capacity of recording a massive price surge during the upcoming time:
Near protocol (NEAR): With a jump of 5.34%, the NEAR price has reclaimed the $4 level. Moreover, this Artificial Intelligence (AI) crypto project has surged ~16% this year.
Sei (SEI): The SEI price has added 4.89% to its valuation this week. Moreover, with a market cap of $1.631 billion, this project is presently trading at a discount of 64.71% from its all-time high.
Cardano (ADA): With a strong bullish comeback, the ADA coin price has surged 13.56% in the past day and 24.55% this week. Moreover, it has reclaimed the $0.44 mark, indicating increased bullish sentiment.
Also, read Cardano (ADA) Price Prediction!
Sui (SUI): Despite recording a correction of 4.16% in the past day, the Sui price has added 12.26% to its valuation over the past week and 186.98% this year. Notably, it is on the verge of recording a new ATH soon.
Injective (INJ): By adding ~20% to its portfolio over the past seven days, the INJ price has successfully reclaimed the $22 mark. Furthermore, with a market cap of $2.210 billion, it has secured the 42nd rank in the market.
Kapsa (KAS): Despite recording a negative sentiment for a brief period, the Kaspa price has displayed a strong fundamental. This makes it a excellent pick for the long-term perspective.
Other potential altcoins are THORChain (RUNE), Render (RENDER), and Mog Coin (MOG). these tokens have displayed an aggressive growth in their respective portfolios during strong bullish situations.
FAQs
With a constant rise in valuation and Bitcoin hovering close to its ATH, the crypto market is highly bullish presently.
The Fear and Greed index has currently reached the 75 mark. This means that the market is highly bullish in nature.
No, the crypto market is currently inclined toward Bitcoin season.
