With the crypto market maintaining its bullish momentum, Ethereum, the altcoin leader, is holding its value above the $2,600 level. As a result, ETH-based altcoins are seeing a resurgence, with some tokens experiencing a 3-digit surge this month.
Investors are now on the lookout for potential 100x Gems as AltSeason market approaches. In this post, we will cover the top 3 Ethereum-based altcoins that have the potential to outperform the market.
Moon Tropica (CAH)
CAH price has been gaining momentum, increasing by 8.71% in the last 24 hours with a trading volume of $352,929. It has surged by 63.47% in the past week and around 44% in the last 30 days. With a remarkable surge of over 400%, it is one of the top performers in the Ethereum ecosystem.
The Moving Average Convergence Divergence (MACD) is indicating a continuous rise in the histogram. Additionally, with its averages showing an upward trend, the CAH coin price is likely to continue appreciating in the near future.
If the bulls maintain their momentum, the Moon Tropica price could break through its crucial resistance level and aim for its high of $17.450 in the upcoming period. However, a bearish scenario might push the altcoin towards its key support at $7.465.
JasmyCoin (JASMY)
Despite trading at a significant discount from its all-time high, Jasmy price has surged by 14.61% in the past week and 24.84% in the last month. With a year-to-date return of +266.55%, it currently holds the 64th position with a market cap of $1.187 billion.
The EMA 50/200-day has recently formed a Golden Cross in the 1D time frame. Furthermore, the RSI indicator is nearing its overbought territory, signaling a bullish trend for the Jasmy price in the upcoming week.
Sustaining its price above the $0.02450 resistance level could pave the way for this altcoin to target its high of $0.03150. Conversely, if the bears take control, the JasmyCoin price may revisit its low of $0.01790 in the near future.
Ondo (ONDO)
Ondo price has been under the spotlight, gaining approximately 18% in value over the past week. It has also surged by 25.49% in the last month and an impressive 407.68% this year. This ETH-based altcoin is currently trading at a 44.18% discount from its all-time high, making it a potential candidate for the AltSeason.
The SMA indicator is providing consistent support for the Ondo price chart in the 1D time frame. Additionally, the MACD is showing a stable green histogram, indicating a positive trend for the Ethereum-based altcoin in the crypto market.
If the market continues to exhibit a bullish sentiment, the Ondo coin price could target its upper resistance level of $1.216 in the near future. Conversely, if the bears gain the upper hand, the price might drop towards its support level at $0.6970.
