|

Crypto Twitter’s hunt for the next 1000x altcoin is on

  • Analysts watch Quant (QNT), Ethereum Name Service (ENS) and Maker (MKR) in their hunt for the next 1000x altcoin. 
  • In the ongoing bear market as Bitcoin price trend remains undecided, analysts have identified key trends in altcoins that have bullish potential. 
  • The hunt for the next 1000x altcoin is on as Bitcoin, Ethereum and top altcoins struggle to sustain their profits for holders. 

Analysts on crypto Twitter are looking for the next 1000x altcoin and evaluating hordes of DeFi tokens and altcoins. Based on their bullish potential, analysts have picked Quant (QNT),  Ethereum Name Service (ENS) and Maker (MKR). 

Also read: Shiba Inu whales scoop up 256 billion SHIB as price witnesses trend reversal

Top three altcoins with maximum bullish potential

Based on their weekly returns and future bullish potential, Quant (QNT), Ethereum Name Service (ENS) and Maker (MKR) have emerged as the top three altcoins. Quant (QNT) is an Ethereum token used to power Quant Network's Overledger brand of enterprise software solutions. This firm aims to connect public blockchains and private networks. 

Overledger was designed as a gateway for any blockchain-based project to access and connect with other blockchains. QNT has yielded 77.5% returns for holders over the past thirty days and nearly 6% gains overnight. 

Ethereum Name Service (ENS), a distributed, open and extensible naming system based on the Ethereum blockchain. ENS maps human-readable names like abc.eth to machine-readable identifiers. 

In the ongoing bear market, ENS yielded 36.5% gains for holders over the past thirty days. Despite drawbacks in top cryptocurrencies like Bitcoin, Ethereum and Ripple, ENS has yielded double-digit profits for holders. 

Maker (MKR), a smart contract platform built on the Ethereum blockchain aims to solve volatility issues for crypto. MKR is a next-generation blockchain banking system that enables fast international payments and peer-to-peer transactions. 

MKR has yielded 47.5% gains in the past thirty days. Offering nearly 50% gains in the past thirty days has pushed MKR to the top of the list of altcoins that provide massive returns to holders in a bear market. 

Bitcoin’s price trend has remained undecided as the asset sustains above the $19,000 level. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Editor's Picks

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?

Ethereum activates Glamsterdam on Sepolia testnet: Why the price is falling anyway

Ethereum (ETH) has reached a key milestone in its next major network upgrade. The planned changes aim to improve Ethereum’s Layer 1 capacity and efficiency as network activity grows. The development comes as ETH retreats toward $2,500.

Bitcoin Weekly Forecast: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.

Ripple bulls gather recovery momentum amid returning ETF inflows

Ripple (XRP) trades largely in bearish hands on Friday near $1.40. Although the remittance token has stabilized after a sharp sell-off from weekly highs of $1.53 to lows around $1.32, the path of least resistance remains downward, unless buyers affirm a daily close above the pivotal $1.40 level.

Bitcoin: Uptober or Rektober?
Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.