With the crypto market heading for a bull run with BTC leading the charge, there are some other coins also who look good for a good move!
In this article, we will look at three crypto projects that have shown strong performance and potential in the last week, and are worth considering for investors who want to buy now for March 2024 along with their chart analysis.
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Litecoin (LTC Price Prediction)
Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments . Litecoin is one of the oldest and most established cryptocurrencies, and has been dubbed as the “silver to Bitcoin’s gold”. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.
LTC is currently ranked #20 by market cap, with a value of $83.00 and a 24-hour trading volume of $1.12 billion. LTC has shown a positive performance in the last week, gaining 13.9% against the US dollar. The coin reached a weekly high of $84.23 on 29 Feb, and a weekly low of $72.46 on 25 Feb.
The price is consolidating within the symmetrical triangle. Currently, it is breaking the resistance trendline of the triangle. A breakout would serve as a bullish confirmation.
Uniswap (UNI Price Prediction)
Uniswap (UNI) is the core utility token for Uniswap, a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. Uniswap is an example of an automated market maker (AMM), which allows anyone to create liquidity pools for any pair of tokens, and trade them without intermediaries or fees.
UNI is currently ranked #15 by market cap, with a value of $10.54 and a 24-hour trading volume of $197.25 million. UNI has shown a remarkable performance in the last week, gaining 64.6% against the US dollar. The coin reached a weekly high of $10.88 on 28 Feb, and a weekly low of $6.59 on 21 Feb.
After the breakout of the descending triangle. We can see a good bounce upward. Currently, it trading below the horizontal resistance level. Keep an eye on the breakout. After a successful breakout, it will pump hard.
Algorand (ALGO Price Prediction)
Algorand (ALGO) is a cryptocurrency that powers the Algorand network, a modular blockchain platform that enables anyone to easily deploy their own blockchain with minimal overhead. Algorand is designed to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is based on a permissionless pure proof-of-stake (PoS) blockchain protocol, which allows for lower transaction fees, no mining, and high scalability and security.
ALGO is currently ranked #56 by market cap, with a value of $0.1951 and a 24-hour trading volume of $55.09 million. ALGO has shown a positive performance in the last week, gaining 4.2% against the US dollar. The coin reached a weekly high of $0.2005 on 29 Feb, and a weekly low of $0.1864 on 25 Feb.
The price is moving inside the right shoulder of the inverse head and shoulder pattern. Keep an eye on the breakout.
ALGO has been supported by the increasing demand and innovation in the blockchain space, as well as the launch of a 1:1 token migration to a new contract address.
Conclusion
Litecoin, Uniswap, and Algorand are three crypto projects that have shown strong performance and potential in the last week, and are worth considering for investors who want to buy now for March 2024.
These projects offer different use cases and benefits, such as fast and low-cost payments, automated and decentralized trading, and modular and scalable blockchain deployment. Investors should be aware of the risks and opportunities of investing in these projects, and do their own research before making any decisions.
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