These three cryptocurrencies appear to be well-positioned for further gains in the crypto space.
After a long period of cryptocurrency downturn, the much-anticipated Bitcoin halving event has greatly impacted the bullish sentiment of investors. Traders have started to reallocate funds to the cryptocurrency market, resulting in a significant increase in fund inflows into Bitcoin and other major digital assets.
However, what really caught the attention of investors was the rise of various cryptocurrencies. For some projects, they have huge potential gains because they either provide significant utility or are tied to specific catalysts that have long-term scope to run in the cryptocurrency space.
Here are three cryptocurrencies that have the technology, community support, and regulatory push to capitalize on the current upward trend in the cryptocurrency market.
Bitcoin Cash (BCH)
In this bull market, Bitcoin Cash (BCH), as the Prince Coin, will definitely bring surprises to investors!
In the last bull market, Bitcoin Cash performed mediocrely, rising to $1,600 at the end of the bull market, and then fell to less than $100 during the bear market, which made many people lose confidence.
However, in this round of bull market, Bitcoin Cash has experienced many sharp rises. Only in the early stage of the bull market, it showed the rise in the middle and late stages of the previous round of bull market. Therefore, those investors who were trapped in the previous round only need to insist on holding on. Yes, it will be very easy to untie the trap.
In May, the price of Bitcoin Cash is expected to exceed $1,000, and in July, it is expected to exceed the highest point of the previous bull market. In this bull market, the highest prediction is around US$3,000, by which time Bitcoin Cash will return to the top ten in market capitalization. This is its position as the eldest son of Bitcoin.
ETHFI
Currently, ETHFI shows signs of bottoming out, which may be a good opportunity to add to your position.
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For those prudent investors, you can consider looking for entry opportunities after option delivery in the afternoon. The price range that can be referenced is between 6.7 and 6.5. The investment goal remains in the category of long-term investment, with the expected target being 15 to 30.
Currently, the staking protocol is one of the most promising sectors in the market, and ETHFI is expected to become the leading currency among them.
Optimism（OP）
Since Optimism is an Ethereum Virtual Machine (EVM) compatible chain, applications deployed on the Ethereum mainnet can basically be easily migrated to the OP chain. This makes it very convenient for applications on the Ethereum mainnet to be compatible with the Optimism chain.
According to data disclosed on the Optimism official website, there are various types of applications, including DeFi, NFT, cross-chain bridges, portals, wallets, tools and DAOs, etc.
Over the past few months, $OP has shown significant growth, becoming one of the best-performing currencies among the large-cap altcoins. Approximately 83% of $OP holders achieved profits. Currently, OP’s market value reaches US$27 billion. With the halving and rate cuts underway, $OP is expected to steadily climb above $10.
