Ethereum’s ETH is one of the most talked-about crypto assets this week, and for good reason. The second-largest cryptocurrency by market cap notably underperformed in the first half of the month but seems to be living up to expectations in recent times. The asset has remarkably reclaimed key resistance levels and is headed to reach its previous ATH price of $4,500.
While ETH bulls continue to make big bullish moves, a handful of altcoins in the background are slowly building momentum and appear more promising than others.
DOGE primed to hit $1
While DOGE recorded a 30% decline from its July peak, the asset is quickly picking up on a bullish pace with institutional investors driving prices up by 17% over the last 7 days. The altcoin is one of the few gaining steam and following in ETH’s footsteps at this time.
The leading memecoin DOGE is currently showing signs of a strong comeback. As observed by market analyst KrissPax, the pathway is aligned for DOGE to hit a new ATH of $1, should it follow the white upward sloping resistance displayed on a technical DOGE chart. The asset is also poised to hit $2 in this market cycle if it follows the blue arch from 2017.
At report time, DOGE is trading at $0.22 with 6.01% in 24-hour gains.
XRP breaks $3, market anticipates continued upward movement to $9
The 3rd most valued crypto asset by market cap recently surpassed the $3 price mark. The asset is much closer to its previous all-time high of $3.84 and is poised to smash through it in the coming days if the current upward momentum is sustained.
Notably, XRP soared by 50% over the last 30 days to become the highest gainer within the top 10 category. The asset is now targeting the $3.50 mark, with RSI rising to 63, indicating that although the asset seems overbought, the bullish trend is still on.
Source: https://zycrypto.com/while-eth-takes-spotlight-two-altcoins-quietly-build-momentum-with-doge-eying-1-and-xrp-9/
