In a particularly uncertain market context, several altcoins could rebound higher for the end of 2022. Here are some cryptocurrencies that could be interesting given their current levels and their fundamentals.
Theta Network (THETA): a promising update
The launch of THETA Metachain in December could point to good prospects for medium-term development. However, a successful launch could also portend a rebound from this month for THETA crypto. With this version 4.0, This decentralized network which offers video streaming in peer to peer (P2P) continues to build solid foundations for the future. Remember that the token THETA was trading at the start of the year at over $4 per unit, with an ATH peaking at over $12 in the spring of 2021. Today, one can buy THETA at $0.95. A good entry point?
VeChain (VET), a buying opportunity for this cryptocurrency?
the VET of VeChain is a relatively old crypto with regard to the crypto ecosystem. Launched in 2015, it notably offers a traceability solution for companies thanks to the blockchain. Its high was around $0.2 in 2021. The FTX Crisis and the recent drop in confidence in the crypto ecosystem has not spared it: VET is currently in a bearish phase, with a token at around $0.01, a price divided by 20 ! The VET thus reached its 2020 level, before the last bullrun. A strong signal indicating an interesting area.
After this major purge, the probability of a bullish bounce becomes more important for this cryptocurrency every day. Especially since despite this recent major correction, the project has never made so much progress in terms of its fundamental development. Witness the recent partnerships developed by the foundation, for example with the UFC in the United States.
Cosmos (ATOM), a crypto on the verge of rising again
Cosmos took the shock caused by the FTX affair relatively well. And for good reason, Cosmos and its ecosystem are booming despite the bear market. Fluctuating today between $9 and $10, the crypto ATOM will have to cross a resistance around $15 to really find a bullish cycle. In the meantime, a tidy around these values is possible.
Admittedly, Cosmos may not be the altcoin with the most upside potential. But it is a safe bet in the crypto market. The abundant activity of blockchains present on the network testifies to a still strong interest. Thus, ATOM, this ” internet of blockchains captures the added value of an entire thriving ecosystem.
In a bearish context, it may therefore be wise to buy some cryptos under the tree in order to take advantage of attractive prices. Indeed, if we must remain cautious, the current levels of these 3 altcoins seem Nevertheless low enough to be of interest.
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