Which Altcoins To Buy During The Dip? Where Will VeChain (VET) End?

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Last Updated on 12 November 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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A few days ago, we warned you that the Fear and Greed index was showing extreme levels. That usually has meant in the past that it is time for either an upswing (in case of extreme fear) or a pullback (in case of Extreme Greed). Given the fact that it is the last two months of the year and all headlines around the world will be screaming ‘inflation’, crypto could be doing very well these last six weeks of 2021.

Scott Melker, aka the Wolf of All Streets, had a similar viewpoint and released upon the world a video in which he discussed a trove of possible altcoins that could do well.

https://www.youtube.com/watch?v=ARWHgPyhhoo&feature=emb_title

Combined with recent reporting on CryptoTips, we discuss three of these.

Beware that you should always do your own research and should not confuse a bull market with great trading. When the market goes up more than it goes down (which has been the case for crypto pretty much all year expect for May, June and July), it looks like all your short term trades are winners and you may believe you can quit your day job and do this full time. No way José. This is simply a bull market.

Advertentie.

Helium

Any coin that can claim to have been setup by a Napster founder (we talked about this coin a few days ago) will have good fundamentals. It took a while for Helium, which wants to connect devices to the IoT (Internet of things) and give users a chance to earn its native coin in the process, to establish itself in the market, but with booming usage the coin exploded this week, adding about 100% to its price.

As Helium trades around $50, Scott said:

Buy the dip, but I don’t know that you buy it right here, there’s a lot of upwicks, there’s a lot of selling in this area, so maybe… I don’t think you’re getting $26 again, maybe you get $32, $42, I don’t know. Hard to enter this right now, I’d wait for a retrace. Could keep going, but those are three big upwicks, volume now descending.

VeChain (VET)

The little altcoin with a focus on supply chain has been a constant performer ever since CryptoMich rang the 9 cents bottom bell at the end of September. There are no major moves or shakeouts to note here, just a constant way up. If technical analysis by Justin Bennett proves correct, VeChain should have a clear path until 19 cents from now on.

Scott said (at the 53 minute mark):

Vet, another one where I drew the line and it did the thing. This should be heading to 27 cents, almost 28.

Loopring

The Loopring coin (which we discussed on 5 November already) has a clear possibility to become a crypto star during these last few weeks of the year. The correlation with GameStop, the favorite stock of the massive investor force that is WallStreetBets, makes sure it’s in more and more people’s crosshairs.

As it is in price discovery mode, technical setup is hard to come by, but according to the technical analysis made by our colleagues at Coingape:

The fear of missing out (FOMO) could be the main force behind the consistent upward action. A break above $4.0 will further bolster Loopring above $5.0.