Altcoin Season Alert: Missed XRP, ADA, or SOL? These 2021 Favorites Are Ready to Lead
The post Altcoin Season Alert: Missed XRP, ADA, or SOL? These 2021 Favorites Are Ready to Lead appeared first on Coinpedia Fintech News
XRP has experienced a huge surge recently, and it’s not alone. ADA and SOL are also seeing gains, with XRP leading the way. Ripple’s community seems to be thriving, and the momentum is still strong. While some may think the top has been reached, the charts suggest otherwise, with both the hourly and daily charts showing sustained momentum. Analyst Miles Deustcher took to his latest video and revealed coins that are about to experience similar rallies like XRP and ADA.
The 2021 Coins: A Familiar Trend
One thing to keep an eye on is the resurgence of coins that performed well in 2021. The current rotation seems to be heavily driven by these familiar tokens, which still hold strong positions in retail investors’ portfolios. The analyst said that people tend to stick with what they know, and many who made money in the last cycle are now looking to buy those same tokens again. Coins like Solana, XRP, and ADA are seeing renewed interest, but there are others that might be ready for a breakout.
What’s Next? Coins to Watch
Dogecoin and Shiba Inu: These meme coins have potential, especially with Doge possibly hitting the $1 mark. Shiba Inu still has some room to grow but isn’t a long-term hold for many.
Avalanche (AVAX): AVAX is showing promise after breaking key resistance levels and could revisit its previous highs. It’s a good option for those looking at Layer 1 solutions.
Chainlink (LINK): LINK has flipped a significant momentum indicator and is breaking key resistance levels. While it may not be a 5x player, it has solid upside potential in the current market.
Polkadot (DOT): Polkadot is another 2021 favorite with strong chart signals. Although it’s been oversold, its ecosystem, especially with parachain auctions, could be a game-changer.
Metis: This Layer 2 solution is gaining attention. It had a strong run in 2021, and with its current chart structure, it could continue its upward trend.