As a seasoned crypto investor with a few years of experience under my belt, I can’t help but feel excited about the current state of the market. The fear and greed index may be at an all-time high, but so are the values of most cryptocurrencies. With the total crypto market cap surging to $2.65 Trillion, it’s clear that we’re in the midst of a bullish trend. Bitcoin has already hit a new all-time high of $71.3K, and many other cryptos are following suit.
As the fear and greed index reveals heightened greed among investors, it’s evident that cryptocurrencies are experiencing significant price increases. Furthermore, the crypto market cap reaching a record-breaking $2.65 Trillion serves as confirmation of this bullish trend. Bitcoin alone has climbed to an all-time high of $71.3K, while numerous other cryptos have also set new price records. The remaining cryptocurrencies are expected to follow suit with further surges in value during the current week.
In this blog, let us discuss the three most profiting cryptos that are on the verge of big rallies.
Binance Coin (BNB)
As a crypto investor, I’m excited to see Binance Coin (BNB) reaching new heights and joining the ranks of profitable cryptocurrencies. However, at the moment, the price is hovering just below correction at around $707. It may take some time before we witness another significant rally. The recent surge in BNB’s value comes as a relief after the legal disputes on the Binance exchange put pressure on this altcoin. Investors are optimistic about even greater gains, with some analysts predicting that the price could potentially reach $1000.
Solana (SOL)
In simpler terms, Solana’s demand has outweighed any downward shifts in the market. Moreover, its value remains above its 100-day moving average. Despite some fluctuations, the signs of a surge are emerging in the charts. At present, Solana is priced at $173.14, which represents a 33% gap from its all-time high of $260.06. The recent achievements by BNB and other cryptos could lead to a similar trend for Solana’s price as well.
Floki Inu (FLOKI)
The price of FLOKI has been gradually climbing higher, with a 27% increase over the past week. Enthusiasts of this meme coin are eagerly anticipating a significant rally, as the all-time high lies only 7.5% above its current value of $0.0003182. The bulls have already taken charge in the crypto market, and FLOKI is no exception. A slight boost could push the value even further up, potentially occurring this week considering the optimistic market atmosphere and escalating interest in FLOKI.
As the anticipated altcoin market surge draws near, cryptocurrencies have commenced their price surge. Although the current price fluctuations may seem unpredictable, once a sense of stability is established among these altcoins, prices are likely to reach increasingly greater heights within this range.
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2024-06-06 20:09