Over the past week, cryptocurrencies have experienced rises not seen in a long time. Despite the surge, some altcoins continue to trade below $1. A potential upcoming rise could signal a new phase with these altcoins surpassing the $1 level. Accordingly, some analysts believe that it is within the realm of possibility for the price of three different altcoins to reach this region.
Decentraland (MANA)
The first project that fits the mentioned criteria is Decentraland (MANA), which allows users to buy land to earn money and play games. According to cryptocurrency expert Ali Martinez, MANA, which he recently described in a chart as having emerged from a ‘depression’ phase and containing a significant upward potential, appears to have made the list.
According to the price analysis, MANA was trading at $0.6737, indicating a 4.86% increase during the day. In addition to a 12.73% rise over the week, it also experienced a notable 53.83% increase over the month.
Cardano (ADA)
Next up is Cardano, one of the notable proof-of-stake (PoS) platforms in the cryptocurrency world, with its native token ADA. Martinez suggests that the current rise cycle shows similarities to the past.
Martinez also notes that if positive movements continue, ADA could be preparing for a parabolic run, potentially reaching not just the $1 level but possibly double-digit figures.
While all this is happening, Cardano was trading at $0.73325, down 1.22% over 24 hours at the time of writing, but had gained 6.23% over the last 7 days according to data from March 7th. The price increased by 47.66% over the past month, influenced by the bullish market.
XRP (XRP)
Finally, according to Dark Defender, XRP showed signs of an uptrend in various indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD). Defender emphasized that XRP seems to be moving towards $1, fulfilling all targets after a 6-year period.
At the time of writing, XRP’s price had risen to $0.62414, a 1.22% increase on the daily charts, while it was revealed that the price had risen by 4.94% over the past week.
