• Altcoins are displaying acute strength in the past few days as many have reached beyond their pivotal resistance.
• A popular analyst list 2 altcoins, Chilliz (CHZ) and Avalance (AVAX) that display the potential to be the 100x gem in the coming days.
• Chilliz (CHZUSDT) is trading within a higher low compared to June last year and is expected to hit $0.24 by the end of Q1 2023.
The cryptocurrency markets have seen a significant surge of bullish momentum in the past few weeks, with some altcoins jumping to a level well beyond their resistance levels. This has been a welcome change to the bearish trend that had been plaguing the markets since the beginning of 2021.
One popular analyst has listed two altcoins, Chilliz (CHZ) and Avalance (AVAX), that have the potential to range by more than 100% in the coming months. Chilliz (CHZUSDT) is currently trading within a higher low compared to June last year, and the daily trading volume is starting to increase. It is believed that if the current patterns hold up, Chilliz could hit $0.24 by the end of Q1 2023.
Avalance (AVAX) is another cryptocurrency that has shown strong potential for growth. It has been steadily increasing in value since November 2020, and is currently up over 200% from its original price. It is expected that the cryptocurrency will continue to rise in the coming months, potentially reaching a level well beyond its current price.
The cryptocurrency markets have been highly volatile in the past few weeks, with altcoins displaying a lot of strength as well as significant dips. Investors and traders should be aware of the risks associated with investing in cryptocurrencies. However, with the right research and analysis, it is possible to identify altcoins that have the potential to rise beyond 100% in the coming months.