As the market continues to not know what it wants to be when it grows up, these three coins are looking good.  Covered: Fantom (FTM) Helium (HNT) Loopring (LRC) Fantom (FTM) By checking the $FTM chart it looks like it is getting ready to pump. BTC is trying to stop it, but nevertheless, I’ve set […] The post Three Hot Altcoins For The Week Of May 2nd appeared first on CryptosRus.

Three Hot Altcoins For The Week Of May 2nd

As the market continues to not know what it wants to be when it grows up, these three coins are looking good. 

Covered:

  • Fantom (FTM)
  • Helium (HNT)
  • Loopring (LRC)

Fantom (FTM)

Fantom has had a prolonged round of FUD thanks to Andre Cronje announcing he was leaving the project. It wasn’t great news but ultimately it hasn’t affected the speedy alternative to Ethereum — seeing as it continues to add new users. 

Not to mention, FTM pumped over 10% over the last 24 hours, outpacing the rest of the market, which rose less than 1% in the global market cap in the same time frame. FTM is currently trading in the $0.76 USD range. FTM’s chart is pointing to a potential bottom being found, seeing how it bounced off the $0.66 range.

Recommended: How To Get On Fantom DeFi

Helium (HNT)

Helium is looking ready for some laughs. The crafty crypto mining alternative to Bitcoin appears to be ascending after a prolonged slump. Helium hit an all-time high of $55 back in November, but it’s currently trading in the $13.50 range.

Though, HNT is up 4% in the last 24 hours, also outpacing the market like FTM. Also like FTM, Helium appears to have formed a bottom. Considering how far off its fallen from its all-time high, there’s upside. However, with macro factors like the potential upcoming interest rate hike coming Wednesday, we could see further consolidation.

Loopring (LRC)

Unlike the two above, Loopring’s current price action isn’t anything noteworthy. The layer-2 scaling solution is up almost 2%, trading in the $0.73 range. That’s not bad, but hardly deserving of the “hot altcoin” designation. However, there’s a potential news catalyst in the future for Loopring.

GameStop’s NFT marketplace is rumored to be coming soon. You can take note of Loopring’s price action after GameStop-related announcements here and here.

Recommended: GameStop Forming Throuple With Loopring And Immutable-X 

*Not Financial Advice

The post Three Hot Altcoins For The Week Of May 2nd appeared first on CryptosRus.