Bitcoin has once again surpassed the $100,000 mark and recently reached a high of $105,000. This significant increase in price may have been influenced by the easing trade tensions between the US and China, as well as potential deals being discussed between the two countries. As Bitcoin continues to push for a new all-time high (ATH) this month, it is also paving the way for several altcoins to potentially experience massive gains.
Altcoins have seen a surge in dominance in the market following Bitcoin’s recent rally above $100K. The Federal Reserve’s decision to not cut interest rates, in line with market expectations, has also played a role in boosting market confidence. With inflation under control and the economy stable, investors are feeling more optimistic about the future.
One altcoin that has been making waves in the market recently is Pi coin. Over the last few days, Pi coin has experienced a bullish rally, with a gain of over 112% in the last 7 days. Currently trading at $1.1, Pi coin is facing a minor bearish decline after being rejected above $1.667. Despite this, buyers are defending the price at around $1, and if they can keep it above the EMA20 trend line, the coin may see a further rise to $1.66 and possibly even $2.
On the other hand, Pepe coin has also been on a strong uptrend following Bitcoin’s rally to $100K. Currently trading at $0.0000138, Pepe coin is struggling to surpass $0.000015. The RSI level indicates that sellers are in control, and if the price drops to $0.000013 and finds support, it could rally towards $0.0000154 and potentially $0.000017.
Lastly, WIF coin is facing a bearish correction after failing to break above $1.32. Trading at $1.18, WIF has surged over 33% in the last 24 hours. Bouncing off the EMA20 level, the coin shows strong buying interest and could potentially rise above $1.4. However, a drop below the EMA20 level could trap the price in a range between $0.9 and $0.74.
As Bitcoin continues to push for new ATHs, these altcoins show strong potential for significant gains. Investors should keep an eye on these coins as they could potentially see a 10x increase in value in the near future.