The KuCoin Token has recorded a surge in price after becoming the first official centralized exchange to list KLUB. Meanwhile, Aave and Bitcoin Spark have been projected to ride the wave of the bull market. Let's find out the potential performance of these altcoins.
KuCoin Token Surge on KLUB Listing
The KuCoin exchange recently became the first centralized exchange list KLUB, a new crypto token. KLUB is a new token that grants users cashback and rewards when used to pay for drinks and book tables, amongst others. The listing forced a bullish price movement for KuCoin.
Advertisement
The price of the KuCoin Token has gained 24% on the weekly chart. The KuCoin Token has now touched $5.7 for the first time since August. In addition, the exchange has published a report on growing crypto hubs, further increasing its use.
Analysts have given bullish predictions for KuCoin Token because of its recent break above a descending trendline. Now in bullish territory, the KuCoin Token price is expected to rally as high as $8 before the year ends. However, the KuCoin exchange token may face minor resistance levels at $6 and $7.5.
Aave Price Poised To Continue Price Rally
Advertisement
Since Aave (AAVE) bottomed at $52 in September, it has steadily outperformed the crypto market. The Aave coin has gained more than 47% on the monthly chart to hit $98.5 in October. According to an analyst, the price rally for the altcoin is poised to continue.
Analysts at FXEmpire explained that the recent surge above the 50 EMS means Aave is still bullish. This was further confirmed by the RSI and MACD, solidifying the bullish outlook of the altcoin in the short term.
Based on the analysis, AAVE could face immediate resistance at $102.82 before looking to break above $115.61 and $123.56. However, the Aave crypto still has to protect the $92.5 support level should a pullback happen when attempting to break above the higher resistance levels.
Bitcoin Spark (BTCS) Set for Rally To $50
Another altcoin that analysts are bullish about is the new Bitcoin fork, Bitcoin Spark. According to their projections, Bitcoin Spark (BTCS) could enjoy a massive surge to $50 in the next bull market. According to their analysis, several conditions could work in favor of Bitcoin Spark.
Firstly, as a Bitcoin fork, BTCS is primed to benefit from the April 2024 halving event and the spot ETF approval. Secondly, the improvement Bitcoin Spark has brought to the original Bitcoin has caught the attention of investors and market experts alike.
The most talked about improvement is the integration of smart contract functionality. When combined with the stability, security, and dependability of Bitcoin, this new network has been projected to evolve into a top DeFi network. Bitcoin Spark was also built to be significantly faster and more efficient than the original Bitcoin.
Advertisement
These features put together have made BTCS the best new crypto to buy now. It has also provided investors with a second chance to join Bitcoin early via its crypto presale. Bitcoin Spark is currently in the ninth phase of its ICO, where BTCS trades at $3.50 per token.
Find out more about the Bitcoin Spark ICO below:
Website: https://bitcoinspark.org/
