Trends set the performance of the altcoins, as they can raise or lower their performances. As of now, the crypto market is not in bullish behavior anymore as the fear and greed index has moved to 51, which is on the verge of turning bearish. The global market cap has declined to $2.34 Trillion, with trading volume declining to $56.78 Billion, confirming the same.
In such conditions, the trending altcoins are the best profiting options. On that note, let us discuss some cryptocurrencies that are in trend to make ten times in return in this market.
Arweave (AR)
Arweave has made 180% gains since the beginning of the year, even after facing a major downward push recently. Despite the barriers, Arweave is in the best performing days of the last three years as it peaked mainly in November 2021, achieving an all-time high of $90.94. As of now, AR price is at $27.88 with a market cap of $1.8 Billion and might rise again based on its popularity
Toncoin (TON)
Toncoin is among the most profiting altcoins this year as it has made 210% gains till now, raising its value as high as $8.24 earlier this month. Though the value has declined, the possibility of rising again is high because of its connection with the popular social media platform Telegram. As for now, Toncoin’s price is at $7.17 with a market cap of $17.6 Billion, making it the 9th biggest cryptocurrency per CoinmarketCap
.
Pendle (PENDLE)
Pendle is now just 18% away from the ATH of $7.52 achieved two months ago despite the declining market of that time. It is among the less popular altcoins, but it still has made 420% gains this year. Out of which, 19% happened this week and 4% today. With that, PENDLE is bullish for now and might continue to be as its price has surged to $6.17 with a market cap of $955 Million.
MAGA (TRUMP) 2942%
MAGA hit the prime and is dominating the rest of the altcoins with 2942% gains this month. It is trending because of the surged demand for Trump-themed meme coins in the market due to Donald Trump’s appearances in the news. The surge might continue for long as the price has surged 13% in the last 24 hours. It is currently trading at $8.06, getting closer to the ATH of $17.52 set at the beginning of the month.
Trends vary with time, and only a few cryptocurrencies can survive the change or any barriers the crypto market holds. Having a diverse portfolio carrying both the long-term and short-term gainers and analyzing the market when to buy and when to sell can bring 10X or higher profiting results.
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