Three major signs indicate that altcoins are about to welcome a major upward wave, focusing on 3 types of altcoins with 10x growth!
$ENS
ENS helps users convert long and complex wallet addresses into easy-to-remember names. Over the past year, this project has risen by 73.40%, recently ending 70% of trading days with gains. Although the trading price of this token is still below its 200-day moving average, momentum is increasing.
ENS continues to maintain its status as one of the more stable cryptocurrency projects, recently rising to $23.91, with a daily increase of 4.09%, and having surged 60.75% over the past month. The market capitalization of this token is currently $867 million, and its recent performance has surpassed many of the top 100 cryptocurrencies, including Bitcoin and Ethereum.
$SUI
The future of Sui remains promising, with its current price at $3.72, down 7.07% in the last 24 hours. The plummet following a 67.90% monthly price increase is undoubtedly an additional burden for investors and traders. With the launch of Axelar Bridge, Phantom Wallet integration, Binance Alpha integration, and growth in TVL, the market fundamentals remain strong, but concerns about a price decline are now emerging. Additionally, the highly anticipated Sui Odyssey event on May 17 is still receiving significant attention.
SUI's price currently hovers between its key support levels of $3.73 to $3.85. If SUI breaks below this range, it could trigger a larger decline, especially as liquidations continue to pressure long positions.
$PEPE
PEPE is a meme coin inspired by the iconic Pepe the Frog internet meme.
$PEPE operates as an ERC-20 token on the Ethereum blockchain, and its uniqueness lies in its deflationary mechanism—each transaction destroys tokens, gradually reducing the supply and potentially increasing scarcity and price over time.
In April 2023, $PEPE sent 210 trillion tokens (half of its total supply of 420 trillion) to a burn address, permanently removing them from circulation.
This large-scale burn is a strategic move aimed at creating scarcity and enhancing long-term value by reducing the total supply.
