Missed the XRP price surge? 3 old-school crypto to consider

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As a seasoned crypto investor with over a decade of experience navigating market cycles, I’ve seen my fair share of bull and bear runs. The current bull run has been particularly exciting, with Ripple leading the charge among the old-school cryptocurrencies. It’s reminiscent of the early days of Bitcoin when we were all chasing the dream of financial freedom.

In recent market uptrends, Ripple has proven to be one of the top-performing digital currencies. It has skyrocketed nearly 500% from its record low hit in November.

The surge in Ripple (XRP) has ignited a robust upswing among several established cryptocurrencies that thrived in 2021. Keep an eye on these leading coins, as the Altcoin Season Index has soared to 88, signaling a potential resurgence for alternative digital assets.

VeChain | VET

In 2021, VeChain (VET) stood out among cryptocurrencies with its impressive growth, reaching a high of $0.27. Similar to other established digital currencies, it experienced a significant drop during the ‘crypto winter’, yet it hasn’t regained all its lost ground since then.

Over the past three years, VeChain’s trading range has been roughly between $0.015 (support) and $0.055 (resistance). One of the most optimistic chart patterns, a triple-bottom formation, has emerged at $0.015 – a strong indication of potential price increases in the market.

Currently, VET has surpassed both the triple-bottom’s neckline at approximately $0.5546 and the 78.6% retracement level at $0.061. Moreover, it has also crossed above its 50-week moving average, suggesting that the bulls are in charge of the market direction.

Consequently, it’s plausible that the VeChain token could increase to approximately 115% over its current value, reaching around $0.1413. However, if it falls below the support level at $0.050, this could potentially alter the optimistic forecast.

Zilliqa | ZIL

In simpler terms, Zilliqa (ZIL) is a cryptocurrency worth keeping an eye on during this market rally. Similar to VeChain, it’s an established coin that garnered attention due to its pioneering work with sharding technology. Sharding is a method used by blockchains such as Near Protocol and MultiversX to enhance performance by splitting blocks into smaller segments or ‘shards’.

Over the past five consecutive weeks, the price of ZIL token has rebounded noticeably on the weekly chart, hitting a new high not seen since early April and surpassing its 50-week moving average.

As a researcher analyzing the market trends, I’ve noticed that Zilliqa’s Relative Strength Index has surged to 70, signifying robust momentum. This strong upward trend suggests a potential continuation, with the next significant milestone likely being a price point of $0.1 – which corresponds to the 61.8% Fibonacci retracement level.

JasmyCoin | JASMY

JasmyCoin, sometimes known as Japan’s equivalent of Bitcoin, is worth taking note of given its robust progression. On a daily scale, it exhibits a cup-and-handle formation – a pattern recognized for its optimistic connotations in the market. This particular pattern is marked by a rounded base.

The coin’s trajectory has shaped a ‘golden cross’ configuration, occurring when its 50-day and 200-day moving averages intersect. Furthermore, the Moving Average Convergence Divergence (MACD) line is steadily climbing, suggesting robust momentum.

For Jasmy, the overall sentiment continues to be optimistic, as it’s projected to reach approximately $0.0720. This prediction is consistent with the depth of the cup formation and the distance from its rim.

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2024-12-03 17:43