While the crypto market maintains its bullish momentum, the altcoin leader, Ethereum, maintains its value above the $2,600 level. Following this, ETH-based altcoins have regained their power, with some tokens posting triple-digit increases this month.
With a potential AltSeason market upon us, investors are looking for potential 100x gems. In this article, we have discussed the top 3 Ethereum-based altcoins that have the potential to outperform the crypto market.
Moon Tropica (CAH)
CAH price continues to gain momentum by adding 8.71% in the last 24 hours, with a trading volume of $352,929. Moreover, it is up 63.47% in the past week and ~44% in the past 30 days. With an increase of over 400%, it is one of the best performers in the Ethereum ecosystem.
The Moving Average Convergence Divergence (MACD) shows a constant increase in the histogram. Furthermore, with the averages showing an upward trend, the CAH coin price may continue to gain value in the near future.
If the bulls continue to gain strength, Moon Tropica price will break out of its key resistance level and head towards its all-time high of $17,450 in the near future. However, a bearish move could pull the altco to the crucial low of $7,465.
JasmyCoin (JASMY)
Despite trading at a huge discount to the previous ATH, the Jasmy price is up 14.61% over the past week and 24.84% over the past month. With a YTD return of +266.55%, it has secured the 64th position with a market capitalization of $1.187 billion.
The EMA 50/200 day has registered a Gold Cross in the 1D time frame. Furthermore, the RSI indicator is hovering close to its overbought range. This highlights the bullish outlook for Jasmy price for the coming week.
Maintaining the price above the resistance level at $0.02450 could pave the way for this altcoin to head towards its all-time high of $0.03150. Conversely, if the bears gain strength again, JasmyCoin price could retest its low of $0.01790 in the near future.
Curious about the future of Jasmy Coin? Read our Jasmy price prediction
Ondo (ONDO)
Ondo price remains under the spotlight by adding ~18% to its appreciation over the past week. Moreover, interest rates have increased by 25.49% last month and 407.68% this year. The ETH-based altcoin is trading at a 44.18% discount to its ATH, making it a potential pick for the AltSeason.
The SMA indicator continuously supports the Ondo price chart in the 1D time frame. Furthermore, the MACD shows a stable green histogram. This highlights the positive outlook for the Ethereum-based altcoin in the cryptocurrency market.
If the market continues to trade under a bullish sentiment, the Ondo coin price could head towards the highest resistance level of $1,216 in the near future. On the other hand, if the bears were to overpower the bulls, the price could fall towards the USD 0.6970 support level.