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The 3 cryptocurrencies outside the top 20 – Which coins could still rise sharply at the end of the year?

 


How have cryptocurrency prices moved in the last 1 to 2 weeks?

In the last 1 to 2 weeks, cryptocurrency prices have seen a stronger increase. The Bitcoin price rose above the US$ 20,000 mark, which triggered strong increases in altcoins. The bitcoin broke out of the $19,000 and $20,000 range, in which the bitcoin price had stabilized for several weeks

The rise above this mark therefore triggered such strong reactions on the market, since it was waiting for a signal up or down for a long time. The breakout above $20,000 was such a strong bullish sign. In the last few days, the Bitcoin price has just stabilized above the $20,000 mark.


Will the crypto market remain bullish in the next 2 months?

In the next 2 months to the end of 2022, we could continue to see a bullish phase that pushes cryptocurrency prices up again. The bullish signs have already increased in recent weeks. Compared to the stock market, the crypto market has been able to stabilize with losses from the former in recent weeks. The crypto market seems to be liberalizing again from the traditional financial markets. 


In addition, the influence of interest rate hikes by the central banks seems to be diminishing again. Investors are moving away from government bonds towards risky investments such as cryptocurrencies. It is therefore quite possible that prices could rise again in November and December. 


Which cryptocurrencies outside of the top 10 could rise?

Among the top 20 cryptocurrencies by market cap, there are a few contenders that could start bouncing back sharply in the coming weeks. But let's look at 3 coins outside of the top 20 that have high potential for year-end:


1. Chainlink (LINK)

Chainlink has always received attention from us on previous listings. The network offers a trading place for decentralized oracles. These oracles are necessary to integrate external data into smart contracts of blockchain protocols. 


Chain link

In the past few days, there has been an increase in network activity on the Link network. There were recently several transfers in the amount of over 1 million dollars. This growth could drive the price over the next few weeks and even push the LINK token into the top 20.


2. Algorand (SOMETHING)

We had already mentioned Algorand in the list of "green" cryptocurrencies . The project is considered very promising and has very financially strong sponsors. Like Cardano or Solana, Algorand is dedicated to the blockchain trilemma (scalability, security, decentralization) and uses the Pure Proof-of-Stake consensus mechanism for this. 


Algorand

Which should benefit the cryptocurrency, especially in the coming weeks. Because he is considered the official FIFA partner for the 2022 World Cup in Qatar. Despite some criticism of the sporting event and the host, the sponsorship should help Algorand's (ALGO) branding massively and boost the course.


3. Chiliz (CHZ)

If we are already at the 2022 World Cup, we must also look at the cryptocurrency Chiliz. The Chiliz Token is the fan token of the socios.com sports platform, which works with over a hundred different sports teams.


Chili

A fan token should also be able to increase in price more strongly in the coming weeks at the largest sporting event in the world. In addition, Chiliz 2.0, a much more advanced version of the network, will be released in the next few months.


Where can I buy these cryptocurrencies?

You can purchase the cryptocurrencies mentioned on the well-known crypto exchanges. So you could possibly take higher profits in the next few weeks. 

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