Top 3 Cryptocurrencies Expected to Outshine Bitcoin $BTC in the First Quarter of 2024

Cyrus Dailey

Top 3 Cryptocurrencies Expected to Outshine Bitcoin $BTC in the First Quarter of 2024

Jan 11, 2024 6:03 PM

altcoins, Bitcoin, Crypto, Ethereum, Financial

Kaspa (KAS) breaking downward trend

Altcoin Kaspa (KAS) has been on a downward trend since November 2023, but it is now looking to break out of that trend. On the daily time frame, $KAS is aiming to reach a target of $2,000.

Arbitrum (ARB) going parabolic

Arbitrum, the leading layer 2 on Ethereum, has been experiencing an upward trend since December 18, 2023. Its price appears to be going parabolic, and a potential profit taking target is $2.45.

Bittensor (TAO) could challenge all-time-high

Despite a significant drop in value after reaching an all-time-high of $393, Bittensor (TAO) may have found a bottom. The price is currently pushing against the resistance at $237, and a breakout could lead to a challenge of its previous high.

Hot Take: Kaspa (KAS), Arbitrum (ARB), and Bittensor (TAO) Set to Outperform Bitcoin in Q1 2024

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With Bitcoin experiencing resistance and other factors preventing its price from climbing higher, altcoins like Kaspa (KAS), Arbitrum (ARB), and Bittensor (TAO) may outperform BTC in the first quarter of 2024. The recent approval of the Spot Bitcoin ETF in the US has opened the doors for institutional investment in cryptocurrencies, resulting in the diversification of funds into different digital assets.

Cyrus Dailey

Author – Contributor at Lolacoin.org | Website

Cyrus Dailey stands as a luminary gracefully weaving the roles of crypto analyst, tenacious researcher, and editorial artisan into a captivating narrative of insight. Amidst the intricate world of digital currencies, Cyrus’s perspectives resonate like finely tuned melodies, captivating curious minds from a myriad of perspectives. Her ability to decipher complex threads of crypto intricacies melds seamlessly with her editorial finesse, transforming intricacy into a harmonious composition of understanding. Guiding both seasoned explorers and curious newcomers, Cyrus’s insights serve as a compass for well-informed decision-making amidst the ever-shifting tides of cryptocurrencies. With the artistry of a linguistic virtuoso, they craft narratives that enrich the evolving tapestry of the crypto landscape.