The market condition has changed recently, allowing several cryptos to register greens on their charts. Hedera (HBAR) price was one of them as it pumped by over 6% in the last 24 hours alone.
These 3 Cryptos Might Follow The HBAR Price Trend!
Though HBAR price today is promising, it is not be the only crypto that bags potential in the coming days. Ergo, let’s take a look at other top 3 cryptos that can follow a similar bullish route in the days to follow.
Cardano (ADA)
While HBAR price gained bullish momentum, Cardano price was also taking steps in the same route. To be precise, ADA price surged by over 2% in the last 24 hours. At press time, the token was trading at $0.786 with a market capitalization of over $27.6 billion, making it the 9th largest crypto. Whale interest around Cardano also increased over the last few days.
This was evident from the spike in its whale transaction count—a sign of increasing whale confidence in Cardano price. If the momentum sustains, then Cardano price might soon touch $0.8 before it eyes $1.
DexBoss (DEBO)
DexBoss (DEBO) has set an initial price of $0.01 per token for its presale. The token, which is scheduled to IPO for $0.0505, intends to improve the DeFi environment by incorporating centralized exchange functions into its decentralized platform. By using a buyback-and-burn method, the initiative uses a deflationary approach to build scarcity and potential value for its customers.
DexBoss presents itself as a viable cryptocurrency trading option for individuals looking for chances in decentralized finance because of its limited supply and anticipated increase in demand. The project’s objective of maintaining investor interest over time is supported by this model. Therefore, the chances of DEBO also performing like Pepe coin price in the coming days are high
Filecoin (FIL)
Like HBAR price, Filecoin price has also moved northwards. The token’s value pumped by over 4% over the last day and press timer, it was trading at $3.43 with a market capitalization of over $2.18 billion. The better news is that while FIL price continues to rise, buying pressure is also increasing, as evident from the rising Relative Strength Index (RSI).
Whenever buying activity increases, it that the chances of a continue price pump are high. In the event of a sustained bull rally, FIL price might reclaim $5.9 after successfully crossing the $4.3 resistance.
Final Words – Will These 3 Cryptos Follow HBAR Price Action?
In conclusion, while HBAR price has surged 6%, other cryptos like Cardano, DexBoss, and Filecoin show promising bullish potential. With increasing whale activity, deflationary models, and rising buying pressure, these three cryptos could follow HBAR’s upward trend, offering investors new opportunities in the evolving cryptocurrency market.
The post Hedera (HBAR) Jumps 6%, But These 3 Cryptos Might Soon Follow appeared first on CoinGape.
