Pepe (PEPE), Toncoin (TON), and Axmint (AXM) Are the Altcoins That Will Lead the Bull Run This Year, Analysts Say

Hope has returned to the crypto community after the latest trading of Ethereum ETFs. Analysts believe a bull market is in the works and could start at any time.

Crypto traders are hoping for a bull market in 2024, and some analysts believe that three altcoins in particular will lead the charge. According to recent analysis, Pepe (PEPE), Toncoin (TON), and Axmint (AXM) are showing strong potential for significant price increases this year.

Pepe (PEPE) coin price has shown promising movements on the charts as it recovers from a sharp drop. CoinMarketCap data shows that Pepe coin price has decreased on the weekly and monthly timeframes. Due to the downtrend, Pepe crypto has fallen below the 50-day SMA ($0.00001123).

However, the memecoin appears to be forming a key rising channel with resistance at $0.0000132 on the daily chart. If the Pepe coin manages to break back above the 50-day SMA, it could break above this resistance level.

Moreover, analysts are bullish on the memecoin and its future trajectory. They believe that Pepe is part of the tokens that will lead the bull run this year. Potential price targets for the meme coin this year are $0.00001588 and $0.00004004, according to CoinMarketCap.

While Pepe is showing gains, Toncoin (TON) is trading at a loss. CoinMarketCap data shows that the Toncoin price has decreased on the weekly, bi-weekly, and monthly timeframes.

The two-month price chart of TON has been reflected by two linear trends converging to indicate the formation of the triangle pattern. These are the major dynamic resistance and support that are affecting the movement of this TON price trendline.

Although Toncoin to USD is bearish, analysts are still optimistic that a recovery could occur this year. They expect the value of the cryptocurrency to skyrocket before the year runs out. Coincodex’s Toncoin price prediction says the altcoin’s value might jump to $9.09 in the short run and $22.92 in the long term.

Finally, Axmint is a crypto platform that aims to disrupt the crypto-mining industry by using blockchain technology. It’s offering eco-friendly mining solutions and has launched its centralized exchange BitAXM.

At Bitaxm, users can buy and sell Bitcoin, Ethereum, Solana, and over 70 other cryptocurrencies instantly.

The $AXM token was listed on major exchanges like Dextrade and Bitstorage, reaching a new all-time high of $0.70 yesterday as per AXM on Coinmarketcap. Investors can participate in the presale of the AXM token on different blockchains by making payments with BNB.

Considering these unique features and benefits, investors are rushing to get their hands on Axmint before the presale ends. Currently, AXM is selling at a low price of $0.40, with the listing price on respective network DEXs expected to be between $1.80 and $2.00. Analysts believe it can hit $2 by the end of the year.

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