Amid the choppy market conditions that have defined the crypto market in recent weeks, Bitcoin appears set for a bull run. In fact, for the second session in a row, it has held steady above the support zone at $56,000 after dipping to a one-month low of $52,577 on 6th September.
With that, savvy investors are in the look out for investment opportunities in cryptos other than BTC. Based on both their fundamentals and technicals, Bitcoin Dogs, Toncoin, and Popcat are proving to be among the key altcoins that will benefit from the crypto market’s recovery.
Bitcoin Dogs tops the list of meme coins to watch
Bitcoin Dogs set the record as the first ICO on the Bitcoin blockchain. The $13.5 raised during its presale shows the immense confidence that meme coin enthusiasts have in this dog-themed crypto. Besides, it is already listed on major crypto exchanges like Gate.io and MEXC, which record billions in daily trading volumes. Couple that with the anticipated rebound in Bitcoin price and 0DOG is in an apt environment for a bullish momentum.
Bitcoin – the leading cryptocurrency by means of market cap, is finding support at $56,000 for the second session in a row as investors anticipate a bull run. This is not the first time that Bitcoin has led altcoins into a nose dive. In the same breath, it has often recorded striking recovery; hitting previous highs or setting new highs. Granted, it may find resistance at around $58,000 before more buyers dip in.
Seeing that 0DOGS is indirectly pegged to Bitcoin, its value is expected to surge in tandem with that of BTC. With the bull run in the horizon, Bitcoin Dogs bears an irresistible investment opportunities. In fact, I hold the opinion that the hype that shaped its presale period was subtle compared to the interest it will attract during the foreseeable uptrend.
Toncoin’s growth streak set to continue
As indicated on CoinMarketCap, Toncoin is ranked positioned 9 and 18 by means of market cap and 24hour trading volume respectively. It remains on a growth streak that is expected to continue as bulls take control of the broader crypto market.
A look at its four-hour price chart confirms this positive outlook. In Tuesday’s session, it rose past the crucial zone of $5.50 although it has since reversed most of those gains. Even so, the 25 and 50-day EMAs have formed a golden cross; indicating that a bullish momentum is taking shape. As savvy investors eye profitable alternatives to Bitcoin, Toncoin is set to top the list.
If the bulls manage to break the resistance at $5.50, $5.60 and $5.82 will be the next levels to eye. Beyond that, the path will be clear for the crypto to rally further to the psychological zone of $6.00.
Popcat set to move in tandem with Bitcoin’s bull run
On Tuesday, Solana-based Popcat rebounded to a level last recorded on 30th August before pulling back on Wednesday. Even with the pullback, the meme coin is set for an uptrend as the king of cryptocurrencies – Bitcoin – is expected to recover from its recent dip. As is often the case, Bitcoin’s bull run will yield a positive sentiment across cryptocurrencies and Popcat token holders will benefit heftily.
Granted, the sentiment in the crypto industry is rather neutral and the bears are still in control. However, a look at its daily price chart shows the possibility of a golden cross with the 25-day EMA crossing above the 50-day EMA to the upside.
The subsequent breaking of the resistance at $0.60 will likely have the bulls push the meme coin past $0.65 towards the next target at $0.72. As such, both technicals and fundamentals are in favor of Popcat as a worthy investment.