Institutional interest in crypto is evolving through unique investment vehicles. Altcoin ETFs are opening new doors for big investors. This shift is set to highlight certain cryptocurrencies poised for significant growth. Find out which altcoins stand to gain the most from this exciting trend. Polkadot's Potential Rise Amidst Recent Price Swings Source: tradingview Polkadot (DOT) is currently priced between nearly $2 and a bit over $2. Its recent movements have shown a slight uptick of almost 2% in the past month, although it dropped by half in the last six months. Polkadot faces a challenge at the $2.34 mark, but if it surpasses this, it could aim next for roughly $2.56. This potential rise is nearly a 15% jump from its current upper range. Support sits just below $2 and deeper at $1.68. The RSI suggests it's neither overbought nor oversold, hinting at more possible movement. Traders keep a close eye as Polkadot navigates through these price shifts, aiming for growth. Chainlink Sees Slight Dip, Eyes Recovery with Resistance at $14.65 Source: tradingview Chainlink (LINK) is currently trading between $12.74 and $13.92. The coin has experienced a drop of over 5% in the past week and around 4% over the past month. However, there's a potential for rebound if it can rise above the $14.65 resistance level. If it surpasses this level, the price could aim for the next target at $15.83, marking an increase of roughly 14% from its current high. The support level sits at $12.29, providing some cushion against further declines. While recent months have seen a decline of over 20%, traders are hopeful for a recovery with the help of current support and resistance levels. Avalanche (AVAX) Stays Steady with Growth Potential Amid Challenges Source: tradingview Avalanche's price hovers between just above $13 and nearly $15. The closest resistance is around $15, adding a bit of upward challenge. It finds support near $13, suggesting the possibility of a bounce if it dips. Last week, AVAX faced a decline of over five percent, but the monthly change is slightly positive. If momentum builds, prices could hit around $16, advancing more than 15% from the lower current price range. Yet, the six-month perspective shows a significant drop, suggesting a longer recovery path. The RSI is in a neutral spot, indicating neither overbought nor oversold conditions. Overall, AVAX shows promise but is still overcoming past declines. Conclusion DOT, LINK, AVAX, and Luna are gaining from the rise of altcoin ETFs. These coins are now more accessible to big investors. This increased exposure can lead to higher demand and growth. The shift helps these altcoins stand out in a crowded market. As a result, they are becoming key players in the crypto space. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
