3 Altcoins That Reached All-Time Highs Today — January 7

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The surge of Bitcoin over $100,000 has ignited a substantial rise in various altcoins, reaching new peak prices. Yet, the possibility of investors cashing out brings up worries, as this action might cause a correction in the prices of these digital currencies.

Today, BeInCrypto scrutinized and assessed the prospective growth of three cryptocurrency tokens that reached a fresh record peak (new all-time high), offering insights into their possible future performance.

Fasttoken (FTN)

During intraday trading, the price of FTN hit an unprecedented peak of $3.66, later easing back to $3.60. This new high is yet another major milestone in the altcoin’s rising trajectory, capturing the interest of investors looking for profitable investment possibilities.

It seems plausible that FTN will keep rising if it manages to stay above $3.50. Holding this threshold might lay the groundwork for more upward movement, fueled by robust investor confidence and advantageous market circumstances.

If FTN holders choose to offload their tokens, there might be a decrease in value. In such a case, the altcoin could dip towards the support level of $3.24, potentially undermining the optimistic forecast and hinting at a possible price shift.

Gate (GT)

Today, the price of yet another cryptocurrency token, GT, reached an unprecedented peak of $18.59. This remarkable rise continues, further solidifying its strong performance. The consistent climb has enabled GT to steer clear of major market fluctuations, indicating a steady and stable progression in its growth path.

For GT, the upcoming achievement lies in surpassing $20.00, an important psychological and technological threshold. However, this advancement hinges on the ongoing robustness of the bullish trend, bolstered by persistent investor enthusiasm and advantageous market circumstances.

As an analyst, I’d express it this way: “Should GT experience a downturn, there’s a possibility it could dip to retest the support at $16.00. If this crucial level is breached, it might suggest a shift in the altcoin’s bullish trajectory, potentially indicating a reversal in its upward trend.

WhiteBIT Token (WBT)

Over the past day, the WBT’s price soared by 6.5%, reaching a brand-new peak of $27.25. This is the second record high within the last two days, indicating robust investor confidence and market dynamism.

As a crypto investor, I’ve been closely watching the trajectory of WBT, and it’s exciting to see it break free from its consolidation range between $25.13 and $24.25. This strong uptrend indicates positive momentum that could potentially propel this altcoin to even greater heights. The surge in trading activity further bolsters my confidence in WBT’s potential for significant growth.

If the positive trend weakens, WBT may fall to retest the support at $26.00. If it fails to maintain this level, there might be additional decreases, which could undermine the current optimistic perspective altogether.

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2025-01-07 17:38