This Altcoin With $80 Million To Be The Next 100X Gem?

The post This Altcoin With $80 Million To Be The Next 100X Gem? appeared first on Coinpedia Fintech News

With the rising price volatility in the cryptocurrency market, mid-cap and low-cap altcoins have regained momentum and have added massive valuations to their respective portfolios with many altcoins hinting at a huge breakout rally.

In this article, we will uncover one altcoin that has a market capitalization of less than $100 Million and has a high potential of becoming the next 100X gem in this rally.

Built on the Osmosis chain, XPLA is a Layer-1 (L1) blockchain that serves as the hub for modern-day media content. Further, XPLA is a collaborative blockchain where partners with expertise in technology, security, and content share the platform to contribute their skills.

Planning on becoming an early investor for this altcoin but concerned about its prospects? Fear not and scroll down as, in this article, we have covered the market sentiment and price analysis of the XPLA crypto token.

XPLA Price Displays Increased Bullish Action:

This altcoin has added 15.46% to its portfolio within the past day with a trading volume of $13.47 Million. Further, it has surged 47.96% within the past seven days and 26.73% over the past 30 days, highlighting a long-term bullish sentiment.

With a trading price of $0.131, a circulating supply of 613,335,534 XPLA tokens, and a max supply of 2 Billion XPLA tokens, it has secured the 441st position in the global crypto-list with a market capitalization of $80.38 Million.

The Moving Average Convergence Divergence (MACD) has steadily risen in its green histogram, highlighting increased buying pressure in the crypto space. Further, the averages show a bullish pattern, suggesting that the XPLA coin price will continue gaining value.

The technical indicator, RSI, has breached its overbought range in the 1D time frame with its average trendline heading toward its mid-point. This highlights a positive outlook for the XPLA price in the coming time.

How High Will The XPLA Price Go?

If the market holds the XPLA price above its support level of $0.128, the bulls will prepare to test its resistance level of $0.178550. Maintaining the price at that level will set the stage for this altcoin to head toward its upper high of $0.2360.

Conversely, if a trend reversal occurs, the XPLA price will lose momentum and start trading under a bearish influence. This could result in the XPLA price retesting its low of $0.079225 in the coming time.