Biggest Altcoin Gainers of the Second Week of January 2025

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The cryptocurrency market has not yet regained stability to sustain the surge it experienced during Q4 of 2024. At present, Bitcoin is trading below the $95,000 threshold, which is making it difficult for many alternative coins to record substantial growth.

Despite the general downturn, BeInCrypto has examined three cryptocurrency tokens that have surpassed leading coins to register gains this week.

XDC Mainnet (XDC)

Over the last seven days, the value of XDC has experienced a 21% increase, reaching $0.102. It also managed to break through the crucial barrier at $0.097. This substantial jump indicates growing investor attention and robust market dynamics, suggesting that if the underlying support remains stable, the digital currency could potentially continue its upward trajectory.

As a crypto investor, my hope is to witness XDC surpassing the milestone of $0.108 and establishing it as a strong support level going forward. To achieve this goal, it’s crucial that we hold onto $0.097 as a robust foundation – any slip below could potentially indicate a shift in market sentiment.

If these pivotal levels flip, it would be an encouraging sign of persistent bullish momentum and boost investor confidence in the future direction of this cryptocurrency.

Should investors decide to cash out their investments, there’s a possibility that XDC could drop below the $0.097 support price, potentially reaching as low as $0.088. A fall below this level would challenge the recent growth and call into question the current optimistic forecast for XDC, introducing some ambiguity about its short-term prospects.

Bitget Token (BGB)

In the last days of December 2024, BGB hit a record peak of $8.49. Since then, it has dropped, setting an important foundation for further growth at $5.80. This downward trend is indicative of the overall market’s instability, yet underscores the importance of preserving this support level for potential future bullish trends.

Over the past seven days, BGB has seen a significant surge of 17%, indicating a promising path to recovery. At present, it’s being traded at $7.34, just shy of its all-time high (ATH) of $8.49. If it manages to break through this resistance, it could potentially reach a new ATH, boosting investor and trader confidence.

It seems probable that BGB will keep increasing as long as the overall market remains bullish. However, if BGB drops below the $5.80 support level, it might continue to decline, reaching $4.90. This potential drop would undo recent gains and challenge the current optimistic forecast.

Aioz Network (AIOZ)

This week, AIOZ showed considerable price fluctuations, featuring both strong surges and drops. Yet, even with the market’s turbulence, the altcoin managed a nearly 17% increase, taking its value up to $0.93. This impressive growth underscores AIOZ’s allure for traders in unpredictable market scenarios.

As an analyst, I’ve observed that the cryptocurrency hasn’t been able to establish a robust support at $1.00. This crucial price point is essential for AIOZ to gather momentum and aim for the next resistance level of $1.32. If we fail to regain this level, the altcoin’s bullish trend might encounter obstacles, hindering its potential for continuous growth.

If the price of AIOZ dips below the $0.92 support point, things might take a turn for the worse quite substantially. A descent to around $0.74 would undo recent growth and contradict the positive projections about its future, making traders more hesitant. This cautiousness could in turn influence investor confidence regarding the asset’s near-term potential returns.

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2025-01-11 17:14