Bitcoin (BTC) has made a new high for the first time in two weeks, pushing past the resistance at $41,000 and is now starting to consolidate above this level.
As we mentioned in our previous analysis, Bitcoin was forming a falling wedge pattern that tends to be bullish in the crypto markets.
BTC has now successfully broken out of this structure and is heading towards new highs again.
With Bitcoin moving up, altcoins have also seen interest, pushing their prices higher.
These are the top five altcoins to keep an eye on.
Shiba Inu
Shiba Inu is leading the way for meme coins amid a recovery in the wider crypto markets.
At the time of writing, SHIB is up over 70% from its recent lows, making it one of the best-performing assets of the week.
This recent surge comes days after the developers announced a partnership with Welly’s, an Italian fast-food chain that has agreed to rebrand their stores to include Shiba Inu-themed imagery and products.
Given the retail interest in this project, it’s a coin worth watching in the coming weeks and months.
Mina Protocol
Mina Protocol (MINA) is the world’s lightest blockchain, measuring at just 22 KB in size which remains constant regardless of usage.
This puts it in stark contrast to its hefty peers by comparison like Bitcoin and Ethereum, which take up hundreds of gigabytes of storage space— increasing with each transaction made on the network.
The price of MINA is up over 50% from the recent lows and could be heading higher with infrastructure upgrades planned for the next couple of weeks.
Osmosis
Osmosis (OSMO) is a decentralized exchange built for the Cosmos ecosystem.
While the project had a rocky start to the year, it’s now up around 30% from its recent lows and looks primed for further moves upward.
Projects within the Cosmos ecosystem have seen new interest in recent weeks as they have performed better than other coins in the market.
Near Protocol
Near Protocol (NEAR) is a decentralized smart contract platform and competitor of Ethereum.
Offering cheap and fast transactions NEAR has caught the attention of many crypto enthusiasts in recent weeks.
NEAR has held its price well in comparison to other projects and is now up 40% from its recent lows.
With the recently launched $800 million grants fund, this is a project worth watching going forward.
Helium
Helium (HNT) is a decentralized network for the Internet of Things (IoT), using wireless devices to communicate and send data across its network of nodes found all over the world.
HNT has also been one of the best-performing assets of the past week, up over 60% from recent lows.
The coin is now one of the top-ranking IoT projects in crypto with thousands of new nodes being added on a daily basis.
Given its recent growth, Helium is a project worth keeping on your radar.
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