Cosmos (ATOM) is one of the top altcoins that has capitalized on the improving sentiment across the cryptocurrency market. Suring by more than 10%, the price of ATOM has reclaimed the key $10 level, which sets it up for more gains in the coming weeks.
Other altcoins that have shown improved sentiment are Near Protocol (NEAR) and Everlodge (ELDG). Following some major market moves, both altcoins now look poised for major gains in the coming weeks. Read on to find out how high NEAR and ELDG can go in the coming weeks.
Cosmos (ATOM) Reclaims $10, Could See a 30% Price Surge
Cosmos (ATOM) has benefited from the growing bullish sentiment in the crypto market. The price of Cosmos has increased by more than 10% on the weekly chart to erase the losses recorded in January. As a result, ATOM has now recovered above the $10 resistance level, peaking at $10.50.
Thanks to its recent market exploits, Cosmos is now in a great position to extend its gains. ATOM is trading above the 20-day EMA ($9.84), 50-day EMA ($9.21), and 100-day EMA ($8.70), highlighting significant bullish momentum.
If this momentum is sustained in the coming days, the altcoin price could increase by as much as 30%. This would mean Cosmos could trade as high as $13 for the first time since March 2023.
Near Protocol (NEAR) Partners With D3inc Sees Major Gains
In the past week, Near Protocol (NEAR) has been one of the biggest gainers, increasing by more than 25%. The price rally has taken the price of the NEAR token as high as $3.40, helping the altcoin price to form a new monthly high.
The bullish momentum for Near Protocol was intensified just after the Near Foundation announced a strategic partnership with D3inc. As part of the partnership, the interoperable digital identities of D3inc will be incorporated into the NEAR ecosystem.
The collaboration will enhance utility for both users and developers of the Near Protocol network. It means NEAR users now have access to web domains and the existing Domain Name System (DNS). As the growth of this service increases, the price of the DeFi coin could increase alongside.
Everlodge (ELDG) Secures Major Listing, Anticipates Major Price Increase
Following one of the most successful cryptocurrency ICO presales, Everlodge (ELDG) has secured a major listing. The Everlodge team recently announced that the DeFi coin has now been listed on Uniswap ahead of its token launch scheduled for February 16.
Users can now buy the ELDG token on the tier-1 exchange. The listing on Uniswap marks a major milestone for Everlodge, the world’s first decentralized marketplace backed by real-world properties. Following a 190% price increase in its cryptocurrency ICO, crypto experts have forecasted a 100x price surge for ELDG.
Market experts are very bullish about Everlodge because it allows its users to buy fractions of luxury properties as NFTs for as low as $100 – the first of its kind in the crypto space. And with the launch of the Everlodge marketplace around the corner, ELDG has all the momentum to meet these forecasts.
The Everlodge team has also taken a bold step to ensure the long-term sustainability of the project by locking the liquidity of the project for two years. This ensures the project’s stability and peace of mind for investors.
Closing Thoughts
The recent price performances of Near Protocol, Cosmos, and Everlodge confirm that the 2024 bull market is in full flight. While these altcoins are all poised for gains, Everlodge has shown the most potential, especially with its revolutionary marketplace gearing up for launch.
For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.
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