Given that the tea-cup pattern is bullish because it is made up of a reversal, continuation, and breakout, these top crypto coins are eyeing an uptrend based on this formation:
1. Borroe ($ROE)
As a Web3 disruptor, Borroe ($ROE) is making airwaves as a crypto for beginners based on its relatively fair price and long-term outlook.
Even though Borroe is the new kid on the crypto block because it’s still at the Stage 1 presale level, it is showcasing itself as a force to be reckoned with in the Web3 and non-fungible token (NFT) sectors, given that its governance token $ROE already sold out at the Beta Stage.
At the current stage, 48.8 million $ROE tokens have already been purchased, with less than 50% of the coins remaining.
Borroe is stamping its authority as one of the best cryptos to invest in because it is making the Web3 financing process seamless as an AI-driven and blockchain-powered NFT marketplace.
As a result, Web3 content creators are able to raise immediate cash as their future incomes are converted into NFTs.
2. Shiba Inu (SHIB)
With Shiba Inu becoming the leading weekly gainer recently, the coin is illustrating a tea-cup price tag despite the recent drop.
With Shibarium, a layer 2 network, recently going live, this is a welcome move in the Shiba Inu ecosystem based on the bullish sentiments generated. Shibarium relinquishes SHIB from the agony of having to experience high congestion and transaction fees on the Ethereum (ETH) network.
Therefore, this creates a bullish outlook for SHIB based on the seamless transactions projected. Furthermore, the burn rate on the network has been skyrocketing, given that it recently surged by 800%.
With the burn rate going through the roof, this is positive because the price is set to increase as the circulating supply is reduced.
3. Bitcoin (BTC)
Even though Bitcoin has dropped below an 8-month support zone after dropping to the $26,000 level, the leading cryptocurrency continues to depict its tea-cup price tag.
As the pioneer cryptocurrency, BTC continues to be a force to be reckoned with as it brought the crypto/blockchain space to life ever since it was created by Satoshi Nakamoto in 2009.
Through the use of a proof-of-work (PoS) consensus mechanism, Bitcoin tackles the issue of double spend, as well as the manipulation of transactions’ history.
BTC hit an all-time high of $69,000 in November 2021, illustrating its significant potential. Nevertheless, the leading cryptocurrency has not been able to soar to such heights again based on notable stumbling blocks, such as interest rate hikes by the Federal Reserve (Fed).
4. XRP
XRP has been the talk of the town thanks to Ripple’s victory over the United States Securities and Exchange Commission (SEC) in a case where the cryptocurrency was deemed not a security.
This has been a welcome move in the crypto market because non-securities attract less stringent rules. With XRP adoption going through the roof thanks to Ripple’s win, it is another cryptocurrency showing a tea-cup price tag.
5. Ethereum (ETH)
As the second-largest cryptocurrency, Ethereum (ETH) continues to stamp its authority in the crypto space as it plays a critical role in the acceleration of various sectors, such as decentralized finance (DeFi) and NFT.
Its proof-of-stake (PoS) network is one of the sought-after in the decentralized application (dApp) space. Ethereum is the other cryptocurrency with a tea-cup price tag because it continues to be king in various areas, such as NFT, DeFi, and dApp.
Therefore, these five cryptocurrencies should be given a keen eye this month based on their tea-cup price tag.
Learn more about Borroe ($ROE) here:
Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter
