Bitcoin’s price, which initially reached $65,000 due to the introduction of Hong Kong ETFs, has now fallen back to $62,000. The month of April was not favorable for crypto investors, and the outlook for May remains uncertain. However, there are three altcoins that have the potential to outperform Bitcoin in the coming weeks.
Binance Coin (BNB), despite starting slow, has made a strong recovery after resolving its legal issues. While most altcoins have experienced a significant drop, BNB’s price has remained relatively positive at $590. It has been consolidating for over a month and a half, struggling to surpass the $640 mark.
If Binance Coin can break through the $635 to $645 range, it has the potential to rise to $686 in May. Surpassing this level could lead to further increases.
PEPE Coin, despite its low volumes and internal disputes, has managed to build a large community last year. It continues to compete with Dogwifhat (WIF) Coin and remains strong. In the past three months, this meme coin with a frog theme has seen a remarkable increase of nearly 600%. If it can maintain its position above the 50-day Exponential Moving Average (EMA), it could reach a new high of $0.000010.
Tron (TRX), along with its founder Justin Sun, has consistently managed to thrive in the altcoin market. While other famous crypto figures have fallen, Justin has remained resilient. Tron’s price has rebounded from $0.109, preventing further declines.
With the 200-day EMA on the verge of crossing above the 50-day EMA, bulls are preventing a death cross and are now aiming for new highs in the coming month. With a neutral RSI and strong support, May holds promise for TRX if Bitcoin does not experience significant losses.
Disclaimer: This article does not provide investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research.
