Published
5 months ago on
November 15, 2023
Table of Contents
As the crypto bull market continues to develop, certain altcoins are leading the way. Kaspa, Fantom, and Injective are generally always at the forefront.
Kaspa - the new darling of the altcoins
Kaspa has been the darling of the altcoins so far this year. A 1097% gain since the beginning of this year may have something to do with it, but also its cutting edge GHOSTDAG protocol, and a fervent community have also contributed to its success.
Source: Trading View
$KAS is currently doing its thing and is 9.5% up on the day so far. A break out of the downwards channel or bull flag has led the $KAS price to a test of the all-time-high made last Friday. A break-through here should see the price continue onwards and upwards.
$FTM - one of the fliers of the last bull market
Fantom (FTM) is another layer 1 but with more of a history, having hit a massive high of $3.48 in the last crypto bull market. At $0.32 $FTM is quite some way from those heady days. Be that as it may, a 91% rally since 19 October is nothing to sneer at.
Source: Trading View
Resistance has been reached for $FTM at $0.32 and it now hinges on whether this level can be broken in order for the price to go higher. $0.41 is the next major level.
Injective - the future of decentralised finance
Injective (INJ) is an ultra fast blockchain built for a new world of finance. With decentralisation as one of its core tenets it is receiving backing from some of the heavyweights in crypto, including Pantera Capital, Jump_, Mark Cuban, and Binance.
Source: Trading View
Injective is also at resistance once again, having already pushed through it in the last few days. A breakthrough here leads to $20, and with the all-time-high at just over $25, the sky really is the limit for injective over this next crypto bull market.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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