Bitcoin Near $100k: Is It Time to Shift Focus to Altcoins?

Bitcoin is currently hovering near the $100,000 mark, stirring excitement within the crypto community. Amid this volatility, meme coins are gaining traction, attracting traders like you who are searching for high-return opportunities.

As Bitcoin undergoes significant price movements, it’s time for traders to pivot their attention toward altcoins. Recent trends in the Solana and BSC ecosystems showcase an influx of innovative projects and meme coins, which may offer lucrative returns for those willing to explore.

In this article, we’ll spotlight three altcoins to watch this weekend: ICP, MOVE, and AXS. Each section will provide insights into trading strategies and supporting data to help you optimize your weekend plans.

🎯 KEY INSIGHT

In the past month, meme coins have seen an average surge of 340%, driven primarily by social media trends and community engagement.

Meme coins have exploded in popularity, largely due to grassroots community efforts and the momentum generated on social media. Unlike traditional cryptocurrencies, these coins often rely on humor, memes, and user-generated content to capture interest.

Social media plays a significant role in meme coin pricing. Platforms like Twitter and TikTok often spark trading frenzies, propelling prices skyward. Recent trends show meme coins attracting over $2.5 million in trading volume within just a 48-hour window.

FOMO can significantly impact trading behavior, as seen with coins like Dogecoin and Shiba Inu, which capitalized on community hype. Understanding this psychological driver can help you make informed decisions about potential entry points.

Internet Computer (ICP) has recently seen a price surge, reaching a market cap of $12 billion. Key developments, including partnerships with major tech firms, have fueled this upward momentum.

Scheduled upgrades for ICP promise to enhance scalability and security. Historical data suggests that such upgrades often result in a 15-30% price increase within weeks following implementation—something to keep an eye on!

Trading Strategies for ICP

• Entry Points: Consider entering at around $6.50, where support is established.
• Exit Points: Target a sell at the $9.00 resistance level, with the potential for re-evaluating post-upgrade.
• Risk Management: Implement a stop-loss strategy to mitigate potential losses in case the market shifts unexpectedly.