The cryptocurrency bull market run is what usually gets people's blood pumping in the crypto world. But in this new alt-season, which currencies could be the ones to catch the interest?
There has been a lot of discussion about many cryptos, but three that deserve attention, for various reasons, are Solana (SOL), Tron (TRX), and Caged Beasts (BEASTS). In this article, we'll take a look at the myriad of factors that could make these three heavy hitters during a potential cryptocurrency bull market run.
Solana Price Prediction: New Bull Run Incoming?
Solana's price went up a lot at the beginning of the year and helped improve the network, which was previously criticized. It went from $10 to over $26 after falling. The highest price ever reached was over $258 during the 2021 bull market.
Solana is a cryptocurrency created by Solana Labs in 2020. Its main goal is to make it easy for developers to build decentralized applications that can handle many transactions quickly and with low fees. Solana accomplishes this through the use of special technologies such as Proof of History (PoH), a unique consensus mechanism, and a system called Tower BFT that enables parallel processing.
2023 has seen the price of Solana rise strongly. At the beginning of the year, it was under $10. It had a big drop from $258 to under $10, which was one of the biggest price drops among altcoins.
Tron is bouncing well in 2023 for a bull run
Tron (TRX) has been doing well recently, rising 8.5% in the past week. It broke through a resistance level that had been there since June 2022, which has given buyers more confidence.
Tron managed to break above the difficult resistance level of $0.0711 on May 20, with a strong bullish move on the 12-hour chart. This level had been a challenge for buyers for an entire year. Tron briefly reached the $0.0800 price range before turning back to $0.0760 at the time of writing. With Tron now on a positive path, buyers are looking for more price increases.
The indicators on the chart support a further move higher. The RSI (Relative Strength Index) turned down from the overbought zone but is still above 50, at 62 as of now. The OBV (On-Balance Volume) is also showing a steady increase, indicating a good demand for Tron.
Buyers can target the price range of $0.082 to $0.090, which was last seen in May/June 2022. However, these levels could attract sellers who would try to stop the uptrend, as they signaled the beginning of a trend. bearish in the past. .
Are Caged Beasts Candidates for the Crypto Bull Market?
Be careful not to shake the cages too hard as a beast lurks and waits menacingly. It could be triggered during the next crypto bull market run. Caged Beasts could be the latest meme coin sensation to take over the crypto market. Right now, it's gearing up for a pre-sale, and if recent meme coin history is any good, it could be a hit if the cards are played right.
A strong selling point for Caged Beasts is that it believes strongly in decentralization and offers people a compelling alternative to the incarceration structures of centralized finance. She believes that institutions like banks do not cater to ordinary people, and this gap could be filled by cryptocurrencies like her. With the idea of โโembarking on a pre-sale, a strong demo during a potential cryptocurrency bull market could be just what you need.
More information on Caged Beasts:
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBESTS
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