The cryptocurrency market has experienced a significant surge this past week, coinciding with the final hours of 2023. The increased risk appetite has led to substantial gains, especially for some altcoins. BSV, SEI, and TRB Coin are among the top performers in the top 100 cryptocurrencies by weekly gains. The current data suggests potential price trajectories for these coins.
BSV Coin, a Bitcoin fork token, has recently come back into the spotlight due to the activities of EDX Markets. Despite the delisting of BCH, signs of life are visible in other altcoins that were once considered dead. BSV Coin has gained over 90% this week and is currently hovering around $94. However, it has struggled to maintain a position above the long-term resistance level of $101. If it surpasses this threshold, prices could rise to $134, but failure may lead to a drop to $81 or $69.
SEI Coin, a newly released smart contract platform token, has high potential yet to be realized in a bull market. Many such tokens are vying to become the next SOL Coin in a competitive environment with numerous Solana rivals. SEI Coin has been hitting new all-time highs, recently reaching $0.64. While the psychological target price is $1, year-end profit-taking may dampen this short-term outlook. As long as the $0.58 level is maintained, there is hope, but investors may lean towards profit-taking to reduce risks.
TRB Coin has been one of the best-performing altcoins this year, benefiting significantly from the growing popularity in the Real World Asset (RWA) space. After surpassing $165, TRB Coin embarked on a new all-time high journey, climbing to $315, which is roughly a 28-fold increase in 140 days. The $249 level is crucial; if maintained, the coin could aim for $315 again. However, a pullback could see the coin drop to local support levels at $235, $210, and $180.