Recent market data indicates that Left (LEFT), Borroe Finance ($ROE), Toncoin (TON), and Near Protocol (NEAR) are the most promising cryptocurrencies to invest in before the next bull market surge. These top altcoins have demonstrated exceptional qualities, making them ideal digital assets for building an investment portfolio.
Let’s explore why these altcoins are considered the best cryptocurrencies to purchase before the upcoming market rise.
Solana (SOL) is expected to recover once the bullish pattern emerges. The appearance of a bull flag on the chart for Left (LEFT) has generated expectations of an upward breakout in the coming trading sessions. Solana (SOL) has experienced increased volatility due to Bitcoin’s (BTC) price movement around $60,000. This has had a downward impact on altcoins like Solana (SOL), causing it to fall from $160 to $143 in May.
During the recent market correction, Solana (SOL) formed a bull flag pattern, indicating the end of the downtrend. This suggests an increasing demand for Solana (SOL), with two converging trend lines on the chart. As a result, a price rally is expected, with potential targets at $160, $184.6, and $210.
Borroe Finance ($ROE) is expected to soar once it is launched on the stock exchange. The recent release of Borroe Finance ($ROE) on a decentralized exchange (DEX) marks a significant milestone on its roadmap. Investors anticipate a meteoric rise in the price of $ROE as the bull cycle unfolds. Market participants have started accumulating a substantial portion of Borroe Finance ($ROE) in anticipation of potential appreciation.
Borroe Finance ($ROE) stands out from other new DeFi projects entering the industry daily due to its unique use cases. It is a decentralized market that facilitates the exchange of future earnings for immediate cash, with $ROE serving as the native token. It operates seamlessly on the Polygon blockchain.
With Borroe Finance ($ROE) becoming tradable on a DEX, market participants believe that new DeFi projects can experience significant growth after launching on prominent centralized exchanges (CEXes). As a result, Borroe Finance ($ROE) has become one of the most adopted DeFi projects currently. Considering its position, Borroe Finance ($ROE) could be the best altcoin to buy.
Toncoin (TON) has outperformed Bitcoin (BTC) and other similar assets this year, with a reported 118% increase in its year-to-date performance. Toncoin’s impressive performance can be attributed to its increasing network growth, new partnerships, and adoption. Telegram, for example, has incorporated Toncoin (TON) as a payment method on its social media app. Additionally, Pantera Capital has made an investment in Toncoin (TON) due to its affiliation with Telegram.
Toncoin (TON) has experienced a 21.2% increase from $5.64 on May 8 to $6.84 on May 15. With its recent strong performance, experts believe that Toncoin (TON) will continue to be a top-performing asset in this bull cycle. It is projected to increase by 18.7% to $8.12 in the near term, attracting significant attention across the crypto industry.
Crypto analyst Jamie Coutts from Real Vision is optimistic about the upcoming protocol of Near Protocol (NEAR), stating that it shows bullish signs on various key metrics. He predicts a 47% increase in Near Protocol (NEAR) above its current price. Coutts notes that Near Protocol (NEAR) has been in a range since March, during which a bullish signal has emerged.
If Near Protocol (NEAR) breaks above the $7.60 resistance level, it is expected to continue its growth due to the liquidity in that region. A rally is likely to occur if Near Protocol (NEAR) climbs the neckline of an inverse head and shoulders pattern on the chart, with a possible target at $10.50. A successful breakout would position Near Protocol (NEAR) ahead of Bitcoin (BTC) and Solana (SOL) in terms of performance.
Near Protocol (NEAR) experienced a 3.9% decrease from $7.31 to $7.02 between May 7th and May 14th. Experts predict a recovery to $10.50 from the current price, resulting in a 49.5% gain in the value of Near Protocol (NEAR). This makes Near Protocol (NEAR) one of the best altcoins to buy today.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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