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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.
