Ethereum (ETH) is predicted to have a major breakout, as the coin demonstrated impressive strength at a support level. Analysts suggest that this may indicate the start of an Altcoin Season. To help investors make the most out of this trend, a list of recommended coins to invest in has been compiled, including Binance, Cardano, and the up-and-coming Big Eyes Coin (BIG), which recently moved up its launch date.
Ethereum Poised for Significant Breakout, Analysts Say
According to crypto analysts, Ethereum (ETH) is predicted to experience a significant breakout, given its recent strength in holding the crucial support level between $1700 and $1780. Additionally, 1.4 million addresses bought 6.48 million ETH during this time, indicating a growing interest in the asset. With the support level in place, there is no resistance to further increase in Ethereum’s value.
Moreover, Ethereum’s prices have successfully flipped on its Bitcoin daily chart, showing oversold conditions against Bitcoin after eight months of lows. The last time this happened, Ethereum reached new highs on the ETH/BTC Chart, indicating that Ethereum is likely to make a prolonged comeback. With these developments, analysts believe that Ethereum is on track for a notable surge.
Alt Season Imminent with Ethereum’s Strength
As Ethereum (ETH) shows incredible strength against Bitcoin, the crypto market could see a potential surge in Altcoin Season, according to crypto analyst Miles Deutscher.
With so many altcoins to choose from, investors may feel overwhelmed. However, there are a few altcoins worth keeping an eye on, including Binance (BNB) and Cardano (ADA).
Binance: An All-in-One Utility Coin
Binance (BNB) is a leading contender for investors this alt season as it is used for transaction fees and trading on the Binance exchange. Moreover, Binance has added new services, such as the Binance Smart Chain and an NFT marketplace. Its impressive track record of evolution and adaptability in the market further enhances its utility.
Cardano: Secure, Scalable, and Smart
Cardano (ADA) stands out with its Ouroboros proof-of-stake model, which makes it an open-source blockchain that is secure, scalable, and efficient. In addition, Cardano offers solutions for common issues faced by other cryptocurrencies, such as voter fraud, rule adherence, and interoperability, adding to its reliability and potential success in the upcoming season.
Big Eyes Coin Set to End Presales with Impressive Results
The coin’s features include loot boxes that guarantee amplified returns, a Token Card Collection that can be minted as NFTs, a tax bar within the ecosystem, and 80% supply availability on launch day. Furthermore, 5% of the total supply is set to be donated to organisations working towards cleaning oceans.
BIG investors and community members are in for a surprise, as the coin has just announced a special offer as a gesture of gratitude for being a member of the community. Users who buy using BIG, Loot Box, or other options will receive a 250% bonus by using the code BULLRUN250.
As Ethereum prepares to break out, the altcoin market is poised to flourish, marking the beginning of the Alt Season. Coins such as Big Eyes Coin demonstrate that they can be a smart investment choice for investors, as they can offer significant returns to the community.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL