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We experienced an exciting week for the cryptocurrency markets, with double-digit gains seen in altcoins. However, BTC is still hovering around $43,900. Some altcoins saw three-digit increases over the past seven days. Prices that increased by over 100% offer great opportunities to investors, especially at the beginning of the bull season. So, what are the current expectations for the stars of the week?
BONK Coin Analysis
BONK, which experienced a surprising increase of 207.24% on a weekly basis, became the most profitable asset among the top 200 cryptocurrencies. It even rose to the top 100 cryptocurrencies. The excitement brought by the airdrop on the Solana network revived demand.
BONK, which left behind FLOKI, the third largest meme coin by market value, now sits in the leader’s seat right after DOGE and Shiba Coin. The price set its ATH level at $0.0000148. If it can maintain the $0.00001 region, the rise may continue.
In the scenario of a decline, a pullback down to $0.0000098 and $0.0000073 is possible.
BTT Coin Analysis
The increase in BTT price became possible with the Tron network surpassing the threshold of 200 million users. The network, which is heavily used for USDT transfers, is quite active. Interestingly, this announcement did not directly affect Tron, but it did affect BTT, the native token of BitTorrent, which was purchased by Tron in 2018.
BTT Coin price, which appears to break the long-term downward trend, finds buyers at $0.0000011115. If the rally continues, new peaks up to $0.0000015 may be seen. The ultimate goal will be to get rid of one zero.
Ordinals (ORDI) Analysis
The price, which reached the ATH level, managed to stay on the agenda of crypto investors throughout the first week of December 2023. The momentum continues and the increasing interest is directly proportional to the Bitcoin price. The price, which saw the peak by exceeding $69, is now at $51. A detail that is misunderstood is that this token does not represent ordinals as a whole. We need to remind that it is just a token. We have previously published long and detailed articles on the future of Bitcoin and ordinals, you can reach them from the search section.
Returning to the price, we see that buyers are activated at the $50 level and the region is working as support. If this area is lost, new bottoms between $30-22 can be seen after $46 and $40. In the opposite scenario, the bulls will strive to exceed $60.
Disclaimer: The information in this article absolutely does not contain investment advice. Investors should be aware of the high volatility and therefore risk of cryptocurrencies and should carry out their transactions according to their own research.
