3 Altcoins Set For The Rally For The First Time Since March

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3 Altcoins Set For The Rally For The First Time Since March – Crypto News

Published

10 months ago

June 15, 2024

Dripp

March has been one of the most bullish months for the crypto market, where all the cryptocurrencies got an opportunity to gain new heights and offer high returns. Though the ongoing month was quite favorable for altcoins, the trends have changed, and the bears are taking over the bulls. Among this chaos, most altcoins are declining, offering an opportunity to buy them low and sell once the conditions turn favorable.

Some of these have been consolidating since March without any major peaks in between. On that note, let us look at some altcoins to buy before they rally for the first time since March.

Avalanche is a popular blockchain network, and its native token, AVAX, is among the top altcoins in the market. It has a market capitalization of $11.9 Billion, ranking it 12th on CoinmarketCap. At the time of writing, the AVAX price is $30.26, which has been continuously declining since March, when it rose to its all-time high of $146.22. However, that is about to change as the upcoming bullish market situation will push this altcoin to March heights.

After its decline in May end, TRON has slowly risen this month, raising the investor’s attention. The TRX price is currently at $0.115 with a market capitalization of 10 Billion, which places it among the top 15 altcoins. It had risen to as high as $0.1422 earlier in March, but that was still halfway to the all-time high target of $0.3004 set six years ago. With analysts estimating a price rally in the upcoming quarter with altcoin season, TRX might target a value near the ATH.

Brett is already on a higher rally than March, as it was new to the market back then. It is in its prime and has recently created the all-time high target of $0.1939 just a week ago. Though the Brett price has moved away from that and is 28% away from ATH with its current value of $0.1408, there is a high possibility of recovery or an even bigger price rally due to its increased demand in the market.

Many other altcoins have been awaiting a similar rally as of March to retain their value over the weeks of losses. The ongoing market conditions are not the most favorable for rallies, but once the market recovers, Avalanche, TRON, and BRETT will be the first altcoins to surge.

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