Bitcoin has surged back above $100,000 and recently reached a high of $105,000, potentially fueled by easing trade tensions and potential deals between the US and China. As Bitcoin aims for a new all-time high (ATH) this month, several altcoins are also showing promising potential for significant gains. In this post, we will explore which altcoins have the potential to increase by 10x after Bitcoin reaches a new ATH.
Altcoins have experienced a significant increase in dominance following Bitcoin’s recent rally above the $100K mark. Last week, the Fed announced that there would be no rate cut, in line with market expectations. The Federal Reserve has expressed openness to cutting interest rates as inflation is not a major concern at the moment. With inflation slowing down and the economy remaining stable, the Fed’s more relaxed stance has boosted the market sentiment.
Bitcoin has surged approximately 21% in the last 30 days and is now only 5.5% below its all-time high. As Bitcoin approaches its ATH, it sets the stage for several altcoins to potentially surge by 10x this month.
**Pi Price Analysis**
Pi coin has been on a bullish rally in recent days, recording a gain of over 112% in the last 7 days. However, buyers are currently facing a bearish decline after being rejected above $1.667. At the time of writing, Pi price is trading at $1.1, showing a 3% surge in the last 24 hours.
The RSI has dropped below the neutral level at 45, indicating a possible short-term pullback or sideways movement. To sustain the upward trend, buyers need to defend the $1 level. If the price drops below $1, it could consolidate within the initial breakout zone at $0.8-$0.6.
**Pepe Price Analysis**
Pepe price has been surging following Bitcoin’s rally above $100K. Pepe saw a strong rally from the 50-day SMA near $0.000012, but it is struggling to surpass $0.000015. Currently, Pepe price is trading at $0.0000138, showing a 4.4% surge in the last 24 hours.
The RSI is below the neutral zone, indicating that sellers are currently in control. If the price finds support at $0.000013, it could rally towards $0.0000154 and possibly $0.000017. However, if sellers continue to hold the price below the EMA20 level, Pepe might retest the $0.0000125 zone.
**dogwifhat (WIF) Price Analysis**
WIF price is undergoing a bearish correction after failing to break above $1.32. At the moment, WIF is trading at $1.18, showing a 33% surge in the last 24 hours.
The price bouncing off the EMA20 level indicates strong buying interest, which could potentially propel the price above $1.4. However, a drop below the EMA20 level could trap WIF price in a range between $0.9 and $0.74.
