Top Altcoins for 2X -5X Surge Post Ethereum ETF Launches Today!
With the Ethereum ETF listing hours away, the cryptocurrency market has shown price volatility with top indices recording constant fluctuations in their respective portfolios.
Dive into this article, we've covered the top 3 altcoins that are expected to have the most impact on the price of Ethereum and show the most volatility in their respective valuations following the launch of the Ethereum ETF.
JasmyCoin (JASMY):
JASMY coin has received a lot of attention from the crypto market in the last few months. This has resulted in a more than 320% increase in valuation this year alone. In particular, with a market value of 1.363 billion dollars, it ranks 63rd in the global crypto list.
The 50-day EMA serves as support for Jasmine's price. On the other hand, the Relative Strength Index (RSI) has declined significantly to a neutral point. Additionally, the moving average shows a potential latent consolidation within the 1D time frame, indicating uncertainty in future price action.
If the market recovers following the Ethereum ETF listing, JasmyCoin price will break the resistance level and go to the high of $0.03850. Conversely, if the bears continue to dominate the market, JASMY crypto will retest the low of $0.02450.
BEAM:
Despite a correction of more than 2% in the previous day, BEAM's price is up 12.93% in the last week and 10.12% in the last 30 days. With a YTD return of 4.89%, this altcoin ranked 72nd with a market value of $929.59 million.
The Moving Average Convergence Divergence (MACD) shows a persistent decline in the green histogram, indicating bearish price action for the altcoin in the market. Furthermore, the averages show a flat line indicating buying and selling pressure for Beam price.
If the market is selling on high sentiment, BEAM coin price will be set to test the high resistance level of $0.028910. However, if the bears beat the bulls, this altcoin will drop to its critical support level of $0.013525.
Node AI (GPU):
Due to the increased price volatility in the crypto space, the value of Node AI has added more than 42% in the last seven days and 29.27% in the last 30 days to the portfolio. It also ranked 385th with a transaction value of $1.0591 and a market value of $96.52 million.
The technical indicators, MACD and RSI are showing persistent declines on their respective charts, highlighting the weak bullishness for the price of Node AI in the cryptocurrency market.
With a major shift in the crypto market, GPU price is set to test the high resistance level of $2.0725. On the negative side, if the bears dominate the crypto space, the GPU coin price will drop to a low of $0.7975.
