Weekly altcoin digest: Avalanche (AVAX), Radio Caca (RACA), Decentraland (MANA), The Sandbox (SAND), Chiliz (CHZ)
Today is Sunday, 14th November, and Cointribune’s quick recap of this week’s most promising altcoins is here! You will learn all about their price movements, their causes, and what to expect from them in the upcoming weeks. Off we go!
Avalanche aiming for new highs
Over the past week, the price of Avalanche (AVAX) hasn’t gone below $80, and at the time of this writing, has even reached $97.23. Over the past three days, its price has gone up by 12% and apparently, is ready to rise again to $127.
The optimistic forecasts for the token have drawn the eyes and wallets of numerous investors who didn’t hesitate to start pumping money into it. Such attention, if retained, could push AVAX towards a new ATH.
Radio Caca (RACA) growing strong and more popular in GameFi and Metaverse
According to Cointribune, one altcoin that’s currently well worth attention is Radio Caca (RACA), which has once again shown rapid growth. At the time of this writing, the token price has flirted with $0.01124, although just a day ago, it couldn’t go past $0.008.
Radio Caca (RACA) is ranked 208th on CMC with a market cap of $2,014,315,318. The token is bullishly gaining the trust of users worldwide (and deservedly so), and in the near future, may earn the title Metaverse and GameFi Titan.
Decentraland (MANA) scratches the $5 threshold
MANA traders of late have been watching the price of the token with bated breath, expecting it to go above $5, which hasn’t happened yet. Nonetheless, by the end of the week, the token has seen a slight increase and, at the time of this writing, costs $3.26.
However, MANA’s dip below the $3.53 resistance level slightly shook investor confidence in the altcoin. If the bearish sentiment persists, traders should prepare for a further fall in the rates, which may soon go below $3.
SAND and its drastic maneuvers, growing by 12% in a day
Over the past week, the price of The Sandbox (SAND) was on a rapid decline. But on Saturday, the tables had turned, and the coin began to climb. On Sunday, it saw another minor drop, but compared to the rest of the week, a slight increase is quite evident. Right now, SAND is worth $2.88.
Most likely, the growth in the price of SAND has to do with Facebook’s announcement of its rebranding into META. Over the past day, the volume of the token amounted to $2.5 billion, meaning an increase of 56.3%.
Chiliz token (CHZ) preparing for a bull run
At the beginning of the week, Chiliz (CHZ) was also steadily falling, but at the weekend, it suddenly shot up. The altcoin is currently worth $0.53. Right now, the price of CHZ is on the cusp of deciding resistance of $0.57 as the token is gathering strength for a bull run.
At the time of writing, CHZ intraday volume was $1.5 billion, up 35.4%.
When choosing tokens, don’t forget that their behaviour can be quite unpredictable. Stay tuned on Cointribune to be the first to learn all about new promising altcoins and ultimately make the right decision.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.