The Rise of Altcoin Season: In-Depth Analysis of Key Cryptocurrencies
In the wave of altcoin season, some projects stand out due to their innovative characteristics, practical value, and considerable growth potential.
Among numerous altcoins, this analysis focuses on Ethereum (ETH), Stellar (XLM), and Near Protocol (NEAR).
Firstly, Ethereum (ETH): The Backbone of Decentralized Finance
Ethereum continues to hold a key position as the second largest cryptocurrency, with its strength lying in providing a robust and powerful development platform for decentralized applications.
Currently, Ethereum's trading price is at $3,874, facing a key resistance level test at $3,935.
If it can successfully break through this resistance level, it is very likely to trigger a strong rebound towards the $4,000 price level;
Conversely, if it fails to break through, there is a significant probability of a retracement to the $3,000 support level.
Secondly, Stellar (XLM): The Reshaper of Global Payments
Stellar focuses on creating efficient cross-border payment solutions, and with this advantage, it has already won the favor and trust of many financial institutions and remittance service providers.
At this stage, Stellar's value has shown a significant increase of up to 480%, a phenomenon that fully demonstrates the market's growing recognition and acceptance of its blockchain functionality.
As the application scope gradually expands and the core points of payment services become increasingly clear, Stellar has shown a strong trend of breaking out of a descending triangle pattern, likely opening a new upward trend, making its subsequent development worth close attention and expectation.
Thirdly, Near Protocol (NEAR): A Blockchain Model Focused on User Experience
Near Protocol has successfully become a popular choice among developers due to its high scalability and ease of use.
Its current trading range is concentrated around $7 - $8, achieving an impressive 34% increase over the past two weeks.
From the mainstream market perspective and expectations, driven by strong crypto AI applications, its price target range is expected to expand to $16 - $30, undoubtedly providing investors with highly attractive potential investment opportunities and imaginative space.
