The U.S. SEC Chairman Paul Atkins recently made a big statement in support of Bitcoin and crypto. This positive stance helped push the crypto market higher. Bitcoin is now close to setting a new all-time high.
Yesterday, Bitcoin saw a price jump, breaking past $106,000 and $109,000 levels, and even touched $110,000 before pulling back slightly. Altcoins also slipped into the green zone and reacted positively. Here are four altcoins by AltcoinBuzz, that could be setting the stage for a bigger rally in the coming weeks:
Altcoin 1: Chainlink (LINK)
Chainlink has been making headlines lately and according to the founder, Sergey Nazarov, Chainlink is quickly connecting old finance systems with blockchain technology. Chainlink runs most of Ethereum’s oracle system and supports over $60 billion in DeFi.
Source: CoinMarketCap
Right now, Chainlink’s price is at a tricky point. It needs to go above $16 to confirm the bullish reversal. If it can stay above that, it could go higher toward $17.50 and beyond. But it might also drop and test support levels first.
Related: Is This the Perfect Time for Altcoins? Expert Predictions on the Next Crypto Move
Altcoin 2: Ethereum (ETH)
Ethereum recently hit a new milestone with over 34 million ETH staked — that’s about 30% of all ETH out there. Big companies are currently investing millions in Ethereum and other coins like Bitcoin and Solana.
Source: CoinMarketCap
Ethereum is getting strong support from institutions, making its price rise. If ETH goes back above $2800 and holds, it could reach $3100 or even $3650 in the near future.
Altcoin 3: Injective (INJ)
Injective has been quiet for a while but is now making moves again. Injective’s platform hit 2 billion transactions and reputed companies are joining their upcoming Injective summit, amid institutions getting involved.
Source: CoinMarketCap
Injective’s price needs to get back above $15 and then face resistance at around $18-$19. If it breaks those levels, it could go much higher around $31.
Altcoin 4: Hyperliquid (HYPE)
Hyperliquid is currently booming, with the number of users tripling and transactions doubling recently. It’s outperforming similar projects by a wide margin.
Source: CoinMarketCap
HYPE hit a new all-time-high today and is trading at $42 at the time of writing. The analyst said that investors should wait for a small pullback to around $39 before buying. After that, it could keep rising toward $44-$46.
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