The crypto space has been receiving a phenomenal response from investors and traders. While prominent coins like Bitcoin and Ethereum remain the primary choices of hodlers. Other coins in the space are receiving praises from enthusiasts, over their fundamentals and price movements.
Altcoins Flourishing in the Space
Polkadot is one of the top picks for investors in the space. DOT ranks 8th position on the market charts in terms of market cap. The DOT Price at press time is valuing at $41.83, with its market cap of $43,668,164,477. The trading volume for the past 24-hours stands at $1,883,772,401. The digital coin hit its peak for the past 234-hours at $43.19.
The coin is closer to its ATH of $49.35, which seems achievable in the short term. Consecutively, we can expect it to reach its 3-digit milestone this bull run with the parachain auctions. However, the coin will have to surpass its resistance at around $44, on its way to ATH. On the flip side, the support level of DOT is around ~$39.5.
Solana has also been on the cards of investors lately. The 7th largest digital coin at press time is valuing at $157.89, with a market cap of $47,441,638,332. The trading volume for the last 24-hours stands at $1,775,716,209. While the coin hit its 24-hour high of $165.55.
The digital coin needs to stick above its support levels around $151, to get going towards its upswing. While, the strong resistance of the coin is at $163.12, where the asset has been rejected 5-times since the 15th of October. The coin needs to surpass this hurdle to get higher on the charts. However, SOL is still distant from its ATH of ~$213.47.
Doge is up on the move yet again. The coin has been trending on public platforms recently. The meme coin at press time is valuing at $0.257, with its market cap of ~$33,838,750,457. The trading volume for the last 24-hours stands at $3,742,769,549. The coin has been holding its 9th rank on the market charts firmly. DOGE Price has broken the triangle on its charts.
The coin is approaching its resistance of $0.28, the next resistance would be at around $0.3. If it manages to break through the nearing resistance. On the contrary, the critical support level of the coin is at $0.2163. In addition, Doge has been attempting to break the downtrend line for the fourth time.
SHIBA INU (SHIB):
SHIB Price has been the talk of the town, ever since the start of October. The coin has managed to withstand the tides, outperforming its misconceptions. The Doge counterpart is rising yet again, following a post from Elon Musk.
The Doge killer at press time is valuing at $0.00002782, with its market cap hovering around $13,431,045,943. The 24-hour trading volume is at $3,216,772,645. The meme coin has regained its 12th rank lately. While the resistance remains around the levels of $0.000029, the coin needs to stick above its support levels of around $0.000026. The ATH of $0.00003791, is still distant from current levels.
Altcoins are garnering the interests of investors and traders at a steady pace. Enthusiasts in the space are looking keenly at alternatives for the poised alt season. Which might possibly arrive as early as the first quarter of 2022. Netizens are hopeful over the rise of altcoins.