Trends are what determine the performance of altcoins, they can make them perform better or worse. At the moment, the cryptocurrency market is no longer showing any bullish momentum, with the fear and greed index rising to 51 and on the brink of a bearish turn. The global market capitalization has fallen to $2.34 trillion, while trading volume has also fallen to $56.78 billion, confirming the same situation.
In such a situation, trending altcoins are the most profitable option. With that in mind, let us discuss some trending cryptocurrencies that can make 10x profits in this market.
Arweave (AR)
Arweave has recorded a 180% increase since the beginning of the year, despite facing a big drop recently. Despite the obstacles, Arweave has been the best performing in the past three years, peaking in November 2021 at an all-time high of $90.94. Currently, AR is priced at $27.88 with a market cap of $1.8 billion, and it is likely to rise again based on its popularity.
Ton Coin (TON)
Toncoin has been one of the most profitable altcoins this year, rising 210% so far and reaching a high of $8.24 earlier this month. It has since fallen in value but is likely to rise again due to its connection to the popular social media platform Telegram. Currently, Toncoin is priced at $7.17 and has a market cap of $17.6 billion, making it the 9th largest cryptocurrency according to CoinmarketCap.
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PENDLE
Pendle is only 18% away from the all-time high of $7.52 it hit two months ago, despite the market decline at the time. It is one of the less popular altcoins, but it has still managed to post a 420% gain this year, with 19% of that coming this week and 4% today. So, PENDLE is bullish for now, and the bullish trend is likely to continue as the price has surged to $6.17 and the market cap has reached $955 million.
MAGA (Trump) 2942%
MAGA has hit record highs, dominating other altcoins with a 2942% rise this month. It is trending as Donald Trump’s news appearances have caused a surge in demand for Trump-themed meme coins in the market. The price has surged 13% in the past 24 hours, and this surge is likely to continue for a long time. It is currently trading at $8.06, approaching the all-time high of $17.52 set earlier this month.
Trends change over time and only a few cryptocurrencies are able to weather the changes and obstacles that the cryptocurrency market presents. By having a diversified portfolio of currencies that offer long-term and short-term profits and analyzing the market on when to buy and when to sell, you can make 10x or more profits.
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