3 Altcoin Projects That Are Preparing for Upcoming Milestones This Week

Crypto expert Aaryamann Shrivastava has identified three altcoin projects that traders should watch this week. The expert says that each of them is preparing for upcoming milestones that will boost their performance.

November has been dominated by all-time highs, led by the flagship crypto Bitcoin. Several altcoins have also hit new highs.

While some failed to reach ATHs, there are major developments on the horizon for them. These events could trigger rallies and lead to significant gains for their respective tokens in the coming days.

Crypto expert Aaryamann Shrivastava has identified three altcoin projects that traders should watch this week. According to the expert, each of them is preparing for upcoming milestones that will boost their performance.

Top-ranked altcoin: Aptos (APT)

Aptos is currently trading above the critical level of $10.92, which aligns with the 61.8% Fibonacci Retracement line. This level is widely recognized as a bull market support floor. It plays a pivotal role in sustaining the uptrend of the altcoin’s price.

A significant development for Aptos this week is that Bitwise is set to launch the world’s first Aptos Staking ETP. This marks an important milestone for the altcoin. The exchange-traded product aims to stake the Aptos held by the fund, potentially increasing interest. This is likely to lead to increased demand, driving up the price.

If it gains momentum, Aptos could decisively break through the resistance of $14.05, signaling that the growth will continue. However, a drop below $10.92 could invalidate the bullish outlook if the market sentiment changes, pushing the price towards $9.15 and sparking concerns among investors.

Second-best performing altcoin: Meme coin Floki (FLOKI)

FLOKI has gained 128% over the last two weeks. The meme coin was trading at $0.0002670 at the time of writing. If it manages to decisively break through the resistance of $0.0002776, the altcoin’s bull trend is likely to expand further, setting the stage for continued gains.

This adds to the bullish sentiment as Floki is set to collaborate with Animoca Brands’ Forj to launch the MONKY memecoin on 21 November 2024. The initiative is supported by partnerships with ApeCoin and Bored Ape Yacht Club, generating excitement among investors. It could also fuel additional price increases.

If FLOKI rides the momentum from this launch further, the altcoin’s price could reach $0.0003138. However, its loss of the key support level of $0.0002568 could lead to a correction, pulling the price to $0.0002108 and invalidating the current bullish outlook.

Last-ranked altcoin: Zcash (ZEC)

Zcash (ZEC) has gained 25.5% over the last four days. The altcoin was trading at $46.16 at the time of writing. ZEC aims to turn into a support base that will provide a rise towards $50.00 by exceeding $46.24. Maintaining this momentum is crucial for the continuation of ZEC’s upward trajectory.

Network Upgrade 6 (NU6) is set to bring significant updates to the Zcash network around 23 November. This upgrade is likely to further fuel bullish sentiment and could lead to a potential price spike as the market responds to these developments.

If ZEC rides this momentum, it could decisively exceed $50.00. However, a fall below the key support level of $40.76 would invalidate the bullish outlook and could lead to a significant correction and losses for investors.

The views and predictions in the article are those of the analyst and do not constitute investment advice. As Kriptokoin.com, we strongly recommend that you conduct your own research before making any investment.