The article discusses the bullish outlook for altcoins such as Chainlink (LINK), Arweave (AR), and Cosmos (ATOM) as investors focus on Bitcoin's potential move to $100k. While Ethereum, Solana, and XRP are already popular among traders, LINK, AR, and ATOM are also gaining attention. The prices of these altcoins are expected to rise alongside the broader market, particularly if Bitcoin surpasses $100k. Catalysts for the altcoin market include spot ETF demand, Bitcoin ETF options trading, regulatory clarity, and MicroStrategy's significant BTC purchase. Despite a slight dip in the past 24 hours, Chainlink has seen a 28% increase in the past month, potentially surging above $22. Cosmos has similarly experienced a slight decrease, but with a rising channel pattern, a breakout to $9 could lead to targeting year-to-date highs above $14. Arweave has gained some momentum since November 5, currently trading above $18, and has the potential to reach key targets of $30 and the year-to-date high above $48 if there is an overall rally in the market.
- Content Editor ( invezz.com )
- 2024-11-19
Crypto price update: Chainlink, Arweave, Cosmos