Top Altcoins To Buy January 2: ARB Crypto SEI, LDO

The altcoin season appears imminent, as highlighted by crypto analyst Rekt Capital. Using a chart, the trader suggests that successful historical retests of Altcoin Market Cap often lead to a subsequent third retest in the following weeks. The chart indicates the blue level as a potential catalyst for significant highs.

Top Altcoins To Buy January 2: ARB Crypto SEI, LDO

Investors considering exposure to specific altcoins are advised to explore tokens that maintained a bullish outlook in the last quarter of 2023 and continue to exhibit positivity at the beginning of the New Year, such as Sei Network (SEI), Lido DAO (LDO), and Arbitrum (ARB).

With a strengthening technical structure across the board, incorporating these altcoins into a crypto portfolio could be opportune.

Arbitrum Price Poised for a Surge Beyond 2 Dollars

Arbitrum’s price is on a bullish run, driven by the persistent fear of missing out (FOMO) and further fueled by the recent challenge to the $1.8 resistance level, though it wasn’t breached successfully. The buzz surrounding the potential approval of the spot BTC ETF in January is adding to the excitement, hinting at the possibility of a substantial surge in ARB’s price beyond the immediate hurdles at $1.8 and $2.

This sustained positive trend finds support in the Moving Average Convergence Divergence (MACD) indicator, currently signaling a buy. With these encouraging technical indicators and the overall positive market sentiment, it appears that ARB’s price might be gearing up for a significant breakout.

Investors contemplating the decision to buy ARB could play a pivotal role in sustaining and potentially amplifying the ongoing uptrend, pushing the token into a phase of price discovery. This becomes more intriguing when considering the previous all-time high of $1.83, as surpassing this level could pave the way for uncharted territories, unlocking new possibilities for Arbitrum’s price.

Lido DAO Price Soars as the Platform Takes Center Stage in Ethereum Staking

The native token of the prominent liquid staking protocol, Lido DAO, known as LDO, is making significant strides, marking a 20% weekly rally to reach $2.97.

Despite facing criticism for its growing dominance in Ethereum staking, Lido DAO stands out as one of the most impactful blockchain platforms in 2023. Positioned as a liquidity staking protocol, Lido enables ETH holders to secure their coins in a smart contract while retaining liquidity through another token. This distinctive feature serves as the platform’s key selling point, empowering users to maintain liquidity in the ever-changing crypto market.

If Lido DAO’s token (LDO) fails to secure a daily close above the $3 threshold, there could be a potential trigger for a minor sell-off. This scenario might be seen as an opportunity for buyers to accumulate more liquidity before the resumption of the upward trend. Analysis suggests that achieving gains beyond this critical level has the potential to propel Lido DAO to its historical peak of $7.3, as indicated by data sourced from CoinGecko.

Sei Network Inches Closer to the Highly Anticipated 1 Dollars Milestone in Price

The unexpected surge in meme coin activity for 2024 is catching investors off guard, exemplified by Sei Network’s remarkable 16% rise to $0.75. Market experts attribute the success of SEI token holders to the growing popularity of a parallelized Ethereum Virtual Machine (EVM) narrative.

Over the past week, the token has witnessed an impressive 71% surge, creating a sense of FOMO (fear of missing out) among both investors and traders.

EVM, standing for Ethereum Virtual Machine, represents a virtual computing environment that facilitates the deployment of smart contracts and various applications. A parallelized EVM denotes a blockchain process designed for enhanced scalability, enabling multiple transactions to occur simultaneously on the network.

In the current landscape, Sei stands out as a major beneficiary, overshadowing even well-recognized blockchains like Solana (SOL) and Avalanche (AVAX). Robust on-chain metrics indicate that Sei Network is experiencing rapid growth, achieving a market cap of $1.8 billion since its launch in August.