With Bitcoin now slowly building strength above $8,000, many traders have turned their focus to a number of solid altcoin setups to take advantage of Bitcoin’s current low volatility.
While it’s difficult to predict exactly when a major move higher is going to occur, here are three altcoins with solid setups that look ready to pop:
Dogecoin (DOGE): As we previously reported, when Dogecoin bulls are set loose, the memecoin can multiply its valuation in just a matter of days. Recent trading action indicates significant buyer interest and growing volumes, suggesting this coin could pop at any moment.
NEO (NEO): This altcoin has largely taken a backseat since its historic run-up in 2017 when the project rebranded from Antshares. A peek at NEO’s USDT chart shows that the current price is at a solid support level and 20-30% gains are well within reason.
XRP (XRP): Regardless of your beliefs on the project’s fundamentals, XRP has historically been a great altcoin to hold following investor capitulation. The price currently sits in a support area that could lend itself to a major run-up. Similar to Dogecoin, XRP can make major moves in just a few days.
While things currently look very good for a number of altcoins, a major move by Bitcoin could significantly damage altcoin setups.
DOGE, NEO and XRP are all available for trading with zero commissions on Voyager. Investors interested in the app can support us and earn some free BTC by signing up through this link (or use code: SLUDGE25).
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.