Crypto Legends Resurrected! 👻💰

The Return of Altcoins: Why 2017 Favorites Are Surging Again 🚀

The global crypto market cap stands at a robust $2.68 trillion, marking a 3.51% surge over the past day. Bitcoin, the market’s bellwether, has breached $71,000 for the first time since mid-March, while Ethereum is testing the upper limits of a horizontal channel at its current $3,681 price.

New Life for Old Favorites

NEO, dubbed the “Chinese Ethereum,” has surged 33.5% in the last 24 hours, climbing from $15.30 to $20.40.
VeChain, a blockchain project that gained traction in 2017, has seen an 8% increase today, rising from $0.042 to $0.047.
EOS, created by a former Ethereum founder, jumped by 7% in the last 24 hours, moving from $1.00 to $1.10.
IOTA, a cryptocurrency focused on the Internet of Things (IoT), has seen a 4.72% increase today, moving from $0.30 to $0.32.

Long-time watchers of the digital assets space may have also noticed something interesting as of late: cryptocurrencies that thrived in the 2017 bull run and subsequently faded into obscurity are making a comeback.

NEO: China’s Ethereum

NEO, often referred to as the “Chinese Ethereum,” has experienced a resurgence, surging 33.5% in the last 24 hours, climbing from $15.30 to $20.40. This is NEO’s highest price since April 2022, following a major crash that saw the coin plummet from $120 in May 2021 to around $13.

NEO’s Momentum

NEO’s performance marks its best day since January 20, 2023, when it spiked 40.7%.
The coin has broken past its flat performance, showing bullish behavior.
It has breached resistance levels and displayed positive market indicators.

VeChain Rising

VeChain, another blockchain project that gained traction in 2017, is also performing impressively. The coin has seen an 8% increase today, rising from $0.042 to $0.047 before correcting to its current $0.046 price.

VeChain’s Performance

VeChain’s performance mirrors NEO’s, breaking past resistance levels set by market indicators.
The ADX for bearish correction is weak, hinting at a potential shift in market performance.

EOS Making a Comeback

EOS, created by a former Ethereum founder, is another top performer today with a 7% price bump in the last 24 hours, moving from $1.00 to $1.10. Despite its ICO success in 2017, EOS faded into obscurity during the crypto winter.

EOS’s Bullish Trends

EOS is showing bullish hints, with positive indicators in its price action.
The coin broke past resistance levels and is exhibiting a potential bullish switch.

IOTA’s Resurgence

IOTA, a cryptocurrency focused on the Internet of Things (IoT), has seen a 4.72% increase today, moving from $0.30 to $0.32. Despite losing ground in 2018, IOTA is showing signs of life.

IOTA’s Market Signals

IOTA remains within a downward triangle with mixed market signals.
The RSI indicates a balance between bulls and bears in the market.

Hot Take: The Resurgence of Altcoins 📈

Altcoins that were popular in the 2017 bull run are staging a comeback, with NEO, VeChain, EOS, and IOTA all showing positive price action. These coins, which faded into obscurity during the crypto winter, are now experiencing a revival as market sentiment shifts towards altcoins.