The following series of cryptocurrencies are potentially bullish this week

The following series of cryptocurrencies are potentially bullish this week – The following series of cryptocurrencies are potentially bullish this week

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At the end of March 2022 until the beginning of April 2022, the crypto market was again volatile after experiencing a rally for the past week. Bitcoin, which had touched the highest price throughout 2022, was again in the price range of USD 44,000 (Rp 632.3 million) to USD 46,000 (Rp 661 million).

A number of leading altcoins have fared even worse and show investors are starting to lose interest in these crypto assets. For example, the DOGE and SHIB memecoins have recently fallen by around 3 percent and 4.5 percent, respectively.

Tokocrypto trader, Afid Sugiono, sees that the crypto market is currently consolidating, following a strong rally over the past two weeks. According to him, this situation can be positive because it maintains market stability in the future.

“The consolidation is actually positive for the crypto market, because it can maintain market stability and build a new basis for investors to find new price points going forward for several crypto assets,” explained Afid in a written statement, Friday (1/4/2022).

Even so, Afid explained that there are several cryptocurrencies that still have the potential to strengthen this week, here is the list.

1. Cosmos (ATOM)

Cosmos (ATOM) has a project to make blockchain technology less complicated and difficult for developers, thanks to a decentralized modular framework. Afid saw that by updating the ATOM network called Theta at the end of March, it could increase the price.

“Cosmos (ATOM) will upgrade their network to Theta which will improve their network governance capabilities. This is expected to launch at the end of March. From technical analysis, this positive sentiment has been able to increase ATOM prices by up to 11 percent,” said Afid.

2. Axie Infinity (AXS)

Axie Infinity (AXS) is a token used in the game of the same name. Axie Infinity itself is an NFT (Non-Fungible Token) game built on the Ethereum (ETH) blockchain network.

The Axie Infinity game is currently only available on PC. However, on March 31, developer Axie Infinity will release a game application for Android and iOS smartphones. This news also made the price of AXS soar high.

3. VeChain (VET)

VeChain (VET) is a versatile L1 smart contract platform. VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem that breaks key data barriers across global industries from medical, energy, food & beverage to sustainability.

VET is on the list of cryptocurrencies that will be bullish this week. Afid said VeUSD, VeChain’s first native stablecoin will soon be released on the mainnet and usher in a new era for VeChainThor.

4. Chiliz (CHZ)

Chiliz (CHZ) is an ERC-20 token that runs on the Ethereum-based Chiliz blockchain. The CHZ token serves as a currency that allows users to buy NFT on the Socios Chiliz fan token market.

This week, CHZ is potentially bullish due to the release of the Chiliz 2.0 network update, so investor interest in this token is growing overall. Afid saw since the beginning of last week Chiliz rose almost 12 percent in terms of technical analysis.

5. Elrond (EGLD)

The EGLD coin is likely to be bullish this week, due to the positive sentiment from the news that MEXC Global partnered with Elrond Network to increase Web3 adoption. MEXC Global itself is a leading global crypto asset trading platform that supports the development of the Elrond Network.

This partnership will see Elrond’s native token (EGLD) which is used to pay for transactions, execute smart contracts, and secure the network through staking, to be listed on MEXC Global.

“News that EXC Global and Elrond Network’s partnership has succeeded in increasing the price of EGLD. From a technical analysis point of view, the value of EGLD has continued to soar since the beginning of the week. This week it is estimated that there will be a jump in value of up to 20 percent from the price of USD 204 to USD 234,” said Afid.

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