{"id":555993,"date":"2023-10-18T20:00:44","date_gmt":"2023-10-18T20:00:44","guid":{"rendered":"https:\/\/wncen.com\/?p=555993"},"modified":"2024-06-11T08:32:53","modified_gmt":"2024-06-11T08:32:53","slug":"expert-trader-identifies-6-high-potential-altcoins-to-watch","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/expert-trader-identifies-6-high-potential-altcoins-to-watch\/","title":{"rendered":"Expert Trader Identifies 6 High-Potential Altcoins To Watch"},"content":{"rendered":"

In its latest update on October 18, renowned crypto analyst Rekt Capital has highlighted six altcoins that have caught his attention, showing potential for the remainder of 2023, Ocean Protocol (OCEAN), Dogecoin (DOGE), Woo Network (WOO), Verasity (VRA), Stellar (XLM), and Injective (INJ).<\/span><\/p>\n

Mixed Signals For Dogecoin<\/span><\/h2>\n

Rekt Capital’s<\/span> analysis suggests <\/span><\/a>a crucial moment for the <\/span>Ocean Protocol<\/span><\/a>. Whether the current price deviation will result in a downside wick below the red channel placed at $0.2763 or if the price will close below it weekly.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Burn Rate Takes A Steep Dive: 91% Decrease In 24 Hours<\/a><\/div>\n

While a downside wick followed by a recovery could lead to a move toward the Channel Top at $0.3247, a weekly close below the Channel Bottom would necessitate keen observation for price rejection as new resistance.<\/span><\/p>\n

On the other hand, Rekt Capital notes that <\/span>Dogecoin <\/span><\/a>has been meandering at the bottom of its channel at $0.058890.<\/span><\/p>\n

\"Altcoins\"
DOGE’s downtrend channel. Source: Rekt Capital.<\/a><\/figcaption><\/figure>\n

However, recent price developments indicate that the potential bullish divergence in its 1-week chart is likely no longer valid.\u00a0<\/span><\/p>\n

The lower low has shifted from support to resistance, confirmed by price action and a breakdown in the RSI’s trendline. Although a scenario of DOGE reclaiming its lower low remains possible, Rekt believes that a more definitive reaction is needed to confirm a potential fake breakdown.<\/span><\/p>\n

Injective Dominates The Altcoins Market<\/span><\/h2>\n

Woo Network<\/span><\/a> has experienced a relatively subdued quarter compared to the first half of 2023. Despite the uncertain macro outlook, WOO Network <\/span>remains confident<\/span><\/a> in its vision and mission.\u00a0<\/span><\/p>\n

Notably, the network successfully negotiated the repurchase of shares and tokens from the estate of Three Arrows Capital, alleviating uncertainty for WOO Network’s community and investors.<\/span><\/p>\n

Verasity <\/span><\/a>is a protocol and product layer platform for esports, video entertainment, and digital content management. Rekt Capital acknowledges the breakout from the mid-term downtrend structure in Verasity’s native token.\u00a0<\/span><\/p>\n

The token has been establishing higher lows after reaching a low point on October 4, indicating a potential shift in momentum.<\/span><\/p>\n

Stellar <\/span><\/a>is a blockchain-based payments network that facilitates global, efficient digital asset issuance and exchange. XLM has recently displayed sideways price action, trading below its 50-day and 200-day moving averages. <\/span>Nonetheless, Rekt Capital includes Stellar in their altcoin watchlist, suggesting it is one to watch.<\/span><\/p>\n

Injective <\/span><\/a>is an open and interoperable blockchain optimized for DeFi applications, utilizing the Tendermint PoS consensus mechanism. Rekt Capital highlights the significant uptrend in INJ’s native token in the past 24 hours and over the past year, with a remarkable surge of 290%.<\/span><\/p>\n

As Rekt Capital’s analysis indicates, these six altcoins – OCEAN, DOGE, WOO, Verasity VRA, XLM, and INJ – have caught the attention of the crypto analyst.\u00a0<\/span><\/p>\n

Related Reading: Binance Traders Go Bearish On Bitcoin, But Here\u2019s Why They Might Regret It<\/a><\/div>\n

While each cryptocurrency presents its unique opportunities and challenges, investors and enthusiasts can look forward to monitoring their performances and assessing their potential for the remainder of 2023.\u00a0<\/span><\/p>\n

\"Altcoins\"
The total altcoin market cap on the daily chart is between $310 and $330 billion over the past three months. Source: TOTAL 3 on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Shutterstock, chart from TradingView.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In its latest update on October 18, renowned crypto analyst Rekt Capital has highlighted six altcoins that have caught his attention, showing potential for the remainder of 2023, Ocean Protocol (OCEAN), Dogecoin (DOGE), Woo Network (WOO), Verasity (VRA), Stellar (XLM), and Injective (INJ). Mixed Signals For Dogecoin Rekt Capital’s analysis suggests a crucial moment for the Ocean Protocol. Whether the current price deviation will result in a downside wick below the red channel placed at $0.2763 or if the price will close below it weekly.\u00a0 Related Reading: Shiba Inu Burn Rate Takes A Steep Dive: 91% Decrease In 24 Hours While a downside wick followed by a recovery could lead to a move toward the Channel Top at $0.3247, a weekly close below the Channel Bottom would necessitate keen observation for price rejection as new resistance. On the other hand, Rekt Capital notes that Dogecoin has been meandering at the bottom of its channel at $0.058890. However, recent price developments indicate that the potential bullish divergence in its 1-week chart is likely no longer valid.\u00a0 The lower low has shifted from support to resistance, confirmed by price action and a breakdown in the RSI’s trendline. Although a scenario of DOGE reclaiming its lower low remains possible, Rekt believes that a more definitive reaction is needed to confirm a potential fake breakdown. Injective Dominates The Altcoins Market Woo Network has experienced a relatively subdued quarter compared to the first half of 2023. Despite the uncertain macro outlook, WOO Network remains confident in its vision and mission.\u00a0 Notably, the network successfully negotiated the repurchase of shares and tokens from the estate of Three Arrows Capital, alleviating uncertainty for WOO Network’s community and investors. Verasity is a protocol and product layer platform for esports, video entertainment, and digital content management. Rekt Capital acknowledges the breakout from the mid-term downtrend structure in Verasity’s native token.\u00a0 The token has been establishing higher lows after reaching a low point on October 4, indicating a potential shift in momentum. Stellar is a blockchain-based payments network that facilitates global, efficient digital asset issuance and exchange. XLM has recently displayed sideways price action, trading below its 50-day and 200-day moving averages. Nonetheless, Rekt Capital includes Stellar in their altcoin watchlist, suggesting it is one to watch. Injective is an open and interoperable blockchain optimized for DeFi applications, utilizing the Tendermint PoS consensus mechanism. Rekt Capital highlights the significant uptrend in INJ’s native token in the past 24 hours and over the past year, with a remarkable surge of 290%. As Rekt Capital’s analysis indicates, these six altcoins – OCEAN, DOGE, WOO, Verasity VRA, XLM, and INJ – have caught the attention of the crypto analyst.\u00a0 Related Reading: Binance Traders Go Bearish On Bitcoin, But Here\u2019s Why They Might Regret It While each cryptocurrency presents its unique opportunities and challenges, investors and enthusiasts can look forward to monitoring their performances and assessing their potential for the remainder of 2023.\u00a0 Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":555997,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,11079,84577,136,34800,142,87298,88112,83629,87153,87731],"class_list":["post-555993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-altcoin-analysis","tag-altcoin-inflows","tag-altcoin-market","tag-altcoin-market-cap","tag-altcoins","tag-dogecoin-doge","tag-injective-inj","tag-injective-protocol","tag-stellar-xlm","tag-woo-network"],"acf":[],"yoast_head":"\nExpert Trader Identifies 6 High-Potential Altcoins To Watch<\/title>\n<meta name=\"description\" content=\"Renowned crypto analyst Rekt Capital has highlighted six altcoins that have caught his attention, showing potential for the remainder 2023.\" \/>\n<meta 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Expert Trader Identifies 6 High-Potential Altcoins To Watch","url":"http:\/\/wncen.com\/news\/expert-trader-identifies-6-high-potential-altcoins-to-watch\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/expert-trader-identifies-6-high-potential-altcoins-to-watch\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-16-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-16-1.jpg?fit=390%2C260"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","altcoin analysis","altcoin inflows","altcoin market","altcoin market cap","altcoins","dogecoin (doge)","injective (inj)","injective protocol","stellar (xlm)","woo network"],"dateCreated":"2023-10-18T20:00:44Z","datePublished":"2023-10-18T20:00:44Z","dateModified":"2024-06-11T08:32:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Expert Trader Identifies 6 High-Potential Altcoins To Watch\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/expert-trader-identifies-6-high-potential-altcoins-to-watch\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/expert-trader-identifies-6-high-potential-altcoins-to-watch\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_download-16-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_download-16-1.jpg?fit=390%2C260\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"altcoin analysis\",\"altcoin inflows\",\"altcoin market\",\"altcoin market cap\",\"altcoins\",\"dogecoin (doge)\",\"injective (inj)\",\"injective protocol\",\"stellar (xlm)\",\"woo network\"],\"dateCreated\":\"2023-10-18T20:00:44Z\",\"datePublished\":\"2023-10-18T20:00:44Z\",\"dateModified\":\"2024-06-11T08:32:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-16-1.jpg?fit=390%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/555993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=555993"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/555993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/555997"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=555993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=555993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=555993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}