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
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.
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