As the markets take another breather, these are three mid-cap altcoin gems that are worth keeping on your radar for when things turn back around again. Covered: Tezos (XTZ) Kadena (KDA) FTX Token (FTT) RECOMMENDED: BEST CRYPTO EXCHANGES FOR 2022 Tezos (XTZ) First up on this list of mid-cap gems is the smart contract platform […] The post Three Mid-cap Altcoin Sleeper Picks That Might Be Waking Up Soon appeared first on CryptosRus.

Three Mid-cap Altcoin Sleeper Picks That Might Be Waking Up Soon

As the markets take another breather, these are three mid-cap altcoin gems that are worth keeping on your radar for when things turn back around again.

Covered:

  • Tezos (XTZ)
  • Kadena (KDA)
  • FTX Token (FTT)

RECOMMENDED: BEST CRYPTO EXCHANGES FOR 2022

Tezos (XTZ)

First up on this list of mid-cap gems is the smart contract platform Tezos (XTZ). Tezos is a long-time staple in the crypto space, and while the toke has quite the history in the industry, it always seems to go rather overlooked. However, throughout the crypto market volatility over the past couple of weeks, Tezos has held up stronger than most coins on the market.

At the time of writing, XTZ is trading at $4.24

As you can see, Tezos has had a very strong bounce over 50% off the lows of this parallel channel that the token has been caught within since the beginning of 2020. Perhaps the strength we’re seeing is due to Tezos’ growing blockchain gaming scene building up behind the scenes.

As XTZ approaches the mid-line of this channel, however, I would advise caution. This line has historically shown a lot of significance —  a stronghold above this line could support XTZ for another move higher. However, it stall has some gains to realize before making that decision. If the market isn’t looking healthy in the coming weeks, we could see XTZ drop back down to the lower bound of this parallel channel.

Kadena (KDA)

Kadena (KDA) is another layer-1 (L1) platform that many crypto traders seem to have forgotten about. After a historic rally to over $27, KDA has come back to cool off, and it’s currently trading at just $8.

As you can see, KDA held this trend line as support since August before finally capitulating down below it before the start of 2022. The mid-cap altcoin caught the attention of the cryptosphere from its promises of superior scalability while operating on a proof-of-work blockchain, an accomplishment that no other chain can claim to have achieved.

While the hype may have died down, nothing about this mid-cap altcoin’s fundamentals have changed. With the token’s native Kaddex DeFi wallet, a flourishing DeFi ecosystem could be waiting to bloom on the Kadena blockchain.

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FTX Token (FTT)

Lastly, another sleeper altcoin that you shouldn’t bat an eye towards is FTX exchange’s native token, FTT. This year, we’ve seen incredible gains from other exchange tokens like Crypto.com coin (CRO), and with all the momentum that FTX founder has built up for the third-largest crypto exchange, FTT could be primed for a monumental 2022.

Currently, FTT is trading at $43.76.

As you can see from the chart, FTT is currently forming a hidden bullish divergence on the weekly time-frame. This is a bullish sign as price is consolidating higher despite lower relative strength, indicating that some real bullish momentum in the market could help lift the token higher.

FTX had a monster year in 2021. Starting in 2019, it’s only taken the exchange three years to become the world’s third-largest crypto exchange. From major sports deals to larger-than-life advertising campaigns, FX has been doing the most to make sure that people have eyes on the exchange. I wouldn’t be surprised to see them pop up on the upcoming Super Bowl, either.

Those are this week’s three sleep mid-cap altcoins. Be sure to stay tuned next week to find out which tokens are showing relative strength after the weekend.

Recommended: How To Save Time And Money When Cashing Out Your Crypto

The post Three Mid-cap Altcoin Sleeper Picks That Might Be Waking Up Soon appeared first on CryptosRus.