Top Crypto Coins to Focus on as Bitcoin Breaks $70,000; BTC, DOGE and GRT price prediction

Crypto Price Prediction: The cryptocurrency market is regaining bullish momentum after a spike in weekday volatility as Bitcoin enters price discovery mode. On Friday, BTC price rose to a new all-time high of $70,000, encouraging the altcoin on a sustained recovery trend. In particular, memecoin players and tokens related to AI (artificial intelligence) recorded the highest growth and were a key driving force for a broader market rally

Santiment, a recognized player in cryptoanalysis, recently highlighted the exceptional performance of major cryptocurrencies compared to traditional assets. In a week in which Bitcoin and Ethereum gained 10.0% and 14.7%, respectively, they significantly outperformed the S&P 500's modest gain of 0.5%.

Historically, crypto bull markets have shown little to no correlation with the stock market. This emerging trend could indicate a significant shift in investor sentiment as the market ecosystem evolves to view cryptocurrencies as a potentially more independent asset class.

Also Read: Crypto Prices Today March 9: Bitcoin at $68,000, Ethereum Nears $4,000, PEPE Gains 20% While FLOKI Rises 50%

1)Bitcoin(BTC)

Bitcoin(BTC)| Trading view

Bitcoin is the first and most famous decentralized digital currency that enables peer-to-peer transactions without intermediaries and is based on blockchain technology. This digital asset recently entered the traditional market with the launch of the Spot BTC ETF, which was approved by the US Securities and Exchange Commission in January.

A massive influx of investments into these ETFs has been one of the main reasons for the aggressive recovery in Bitcoin price since late January. From the swing low of $38,542, buyers have increased this coin by 81% in six weeks, reaching the current trading price of $68,435.

Bitcoin’s current market cap is $1.3 billion, representing an intraday gain of 1.4%. A possible breakout above $70,000 would set $77,500 and $92,000 as the next resistance according to the traditional pivot level.

However, the daily chart shows potential demand zones at $63285 and $57450.

Also Read: BlackRock's Bitcoin Holding Outpaces MicroStrategy with $2 Billion in Net Inflows This Week

2)Dogecoin(DOGE)

Dogecoin| Trading view

Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency that started as a joke based on the “Doge” meme, but quickly became a legitimate digital currency due to its passionate community and creative memes. Dogecoin is characterized by low transaction fees, fast transactions, and its use for tips and charitable donations.

In the last two weeks of memecoin mania in the crypto market, Dogecoin saw massive inflows, with the price rising from $0.084 to its current trading price of $0.16, a growth of 98%.

At press time, DOGE's market capitalization stands at $24.1 billion while trading volume hovers at $3.2 billion. Under the influence of a rising support trendline, Dogecoin price could rise to $0.206, followed by $0.27. Conversely, immediate support levels lie at $0.148 and $0.13.

Also Read: Dogecoin approaches $0.2 and smog rises as meme coin frenzy continues

3) The Graph (GRT)

Diagram| Trading view

The Graph (GRT) is an open-source, decentralized indexing protocol for querying data across blockchains and enables the creation of fully decentralized applications. It stands out for providing efficient and reliable access to blockchain data, helping developers create more sophisticated and user-friendly dApps.

GRT, the native token of the Graph network, is witnessing an aggressive rally as evidenced by the five consecutive green candles on the weekly chart. From the support at $0.149, the coin price rose 160% to $0.39, also increasing the altcoin's market cap to $3.69 billion.

If rallies continue, Graph price could face resistance at the $0.47 and $0.54 levels. However, as occasional pullbacks occur, support could be sought at $0.32 and $0.258.

Bring away

Bitcoin and Ethereum have significantly outperformed traditional assets and continued their recovery trend in March. Amid the recovery trend, AI tokens and meme cryptocurrencies are the best-performing sectors improving the overall market sentiment.

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