Investor Focus Shifts to Altcoins as Bitcoin Climbs

As Bitcoin rises, investors turn their attention to altcoins, yet the anticipated rapid surge in these markets often fails to materialize. Even though investors get excited, BTC’s price must eventually consolidate, and the Bitcoin Dominance Index (BTCD) must loosen for altcoins to begin their ascent. So, what does the current outlook tell us about AVAX, CHZ, and CEEK Coin?

Avalanche (AVAX)

AVAX, one of the largest smart contract platforms by market value, is now trading above $40. Its partnerships and growing ecosystem make it a formidable competitor. However, it hasn’t experienced as rapid a rise as Solana, which has a much more hype-focused ecosystem and airdrops that have made it an attractive Ethereum killer.

Bulls are eager to see prices return to the $50 range, and the middle area of the parallel channel has been reclaimed. The first hurdle to overcome is $41.8, followed by targets of $48.2 and $50. In the event of a BTC downturn, we could see AVAX price quickly retreat to the support level at $31.4.

CHZ Coin Price Prediction

Chiliz (CHZ) has found its bottom and is now aiming for its previous highs. The price maintains its strength with closes above $0.0974. While most altcoins lost significant support during BTC sell-offs, Chiliz managed to stay strong. Thus, it could target its old peaks more quickly than other altcoins listed in a potential altcoin rally.

$0.125 is the first major critical barrier, and closures above it could trigger a swift rise to $0.27. In the coming months, we can expect fan token prices to gain momentum. The current appetite for CHZ Coin is also fueled by this anticipation.

If the uptrend continues, $0.33 and $0.44 levels will be key stops before reaching all-time highs (ATH).

CEEK Coin Commentary

For now, the metaverse is of little concern to most, and the widespread introduction of AR/VR glasses by Apple is still considered to be in the future. While integrated products with these glasses may make a big impact in the future, the waning interest suggests that these altcoins could continue to decline in the short to medium term. We’ve already discussed the risks associated with CEEK Coin at length, so there’s no need to go into more detail here.

The price continues to fluctuate within the parallel channel, and the most optimistic scenario targets are $0.0559 to $0.065.