Hope has returned to the crypto community after the latest trading of Ethereum ETFs. Analysts believe a bull market is in the works and could start at any time. Pepe, Toncoin, and Axmint are three altcoins analysts believe will lead this rally.
While Pepe’s price is expected to peak at $0.00004004, Coincodex believes Toncoin could reach $22.92. Analysts say Axmint’s price will increase to $2 before the end of the year. They are bullish about Axmint because it is the new Binance challenger.
Pepe (PEPE) Price Forecast Ahead of 2024 Bull Run
Pepe (PEPE), an Ethereum-based meme oin, is showing positive movements on the price charts as it rebounds from a stark drop. Price information from CoinMarketCap shows Pepe coin price has decreased on the weekly and monthly timeframes. Because of the downtrend, Pepe crypto has broken below the 50-day SMA ($0.00001123).
The memecoin seems to be forming a key rising channel with resistance at $0.0000132 on the daily chart. If the Pepe coin manages to break back above the 50-day SMA, it could break above this resistance level.
Analysts are very bullish about the memecoin and its future trajectory. They believe Pepe is part of the tokens that will lead the bull run this year. Potential price targets for the meme coin this year are $ 0.00001588 and $0.00004004, according to CoinMarketCap.
Toncoin (TON) Price Falls, Analysts Forecast Recovery
While Pepe is showing gains, Toncoin (TON) is trading in losses. Price information from CoinMarketCap reveals that the Toncoin price has dropped on the weekly, bi-weekly, and monthly timeframes.
The two-month price chart of TON has been reflected by two linear trends converging to point out the formation of the triangle pattern. These are the major dynamic resistance and support that are affecting the movement of this TON price trendline.
Although Toncoin to USD is bearish, analysts are still optimistic a recovery could occur this year. They expect the value of the cryptocurrency to skyrocket before the year runs out. Coincodex’s Toncoin price prediction says the altcoin’s value might jump to $ 9.09 in the short run and $22.92 in the long term.
Axmint (AXM) Offers Access Into Multiple Markets
Axmint is a revolutionary crypto platform aiming to disrupt the crypto-mining industry by using blockchain technology. It’s breaking new ground with eco-friendly mining solutions. The project has launched its centralized exchange BitAXM.
Bitaxm where users can buy and sell Bitcoin, Ethereum, Solana, and over 70 other cryptocurrencies instantly.
The $AXM token was listed on major exchanges like Dextrade and Bitstorage, reaching a new all-time high of $0.70 yesterday as per AXM on Coinmarketcap. Investors can participate in the presale of the AXM token on different blockchains by making payments with BNB.
Considering these unique features and benefits, investors are rushing to get their hands on Axmint before the presale ends. Currently, AXM is selling at a low price of $0.40, with the listing price on respective network DEXs expected to be between $1.80 and $2.00. Analysts believe it can hit $2 by the end of the year.
Conclusion
Analysts have given bullish forecasts for Pepe, Toncoin, and Axmint. They believe these coins will lead the bull market this year. Their potential to rake in profits makes them good investment choices to boost one’s portfolio.
