The cryptocurrency market is witnessing a vigorous phase as Ethereum 
$2,335 surpasses the $4,000 mark, sparking excitement across altcoin enthusiasts. With Ethereum maintaining a price above $4,100, a larger rally looks promising. In this vibrant scenario, our attention turns to identify the best-performing altcoins and the forecast surrounding their future trajectories.
AERO and PENDLE: Leading the Charge
Among the top 100 cryptocurrencies by market cap, AERO emerged as the top gainer in the last 24 hours, boasting a 26% surge and a weekly gain now at 32%. As of writing, Aerodrome Finance (AERO) hovers above the significant psychological threshold of $1.
Returning to the $1 benchmark after 51 days, AERO Coin could potentially rise toward $1.19 and $1.37 if it closes above this level.
Following closely is PENDLE Coin, with an 18% daily hike and a weekly gain nearing 40%. The $4.86 level serves as significant support, where it consistently closes above.
Revisiting this zone after 216 days, the lack of sudden market drops might set the stage for resistance tests at $5.57 and $5.95. A retreat below $4.86 could send it down to $4.13.
LDO, XLM, and PEPE: The Rising Contenders
LDO Coin’s value is surging thanks to the recent SEC approval for liquid staking. The currency experienced a 20% weekly increase and a 12% daily rise, with future peaks potentially achieved alongside Ethereum’s growth.
With Ethereum’s sustained close above $4,000, LDO, rebounding from $0.86, approaches the formidable $1.2 resistance. This resistance, unbeaten for 160 days, could be surpassed amid SEC approval and Ethereum’s upswing, promising a rally towards $1.5 and $1.94.
Stalwart altcoin XLM Coin recorded remarkable gains in July. Buyers at $0.36 found selling opportunities at $0.45, with risk appetite potentially prompting a retest of the $0.51 mark.
Lastly, we analyze PEPE Coin, supported significantly by Ethereum’s rise. A near 20% recovery from its lows is seen, with further gains possible. A rally might accelerate at $0.0000131, targeting a $0.0000163 peak if Ethereum breaks the $4,100 barrier.
Being one of the largest meme coins on the Ethereum network offers PEPE a substantial edge. The recent leap in Ethereum prices, post a thousand-day cap, presents a lucrative opportunity for PEPE Coin.
