Traders and analysts are taking an interest in two lesser-known tokens, ORDI and CORE since they think these digital assets may see significant price increases in the upcoming days, weeks, and months.
CORE Token: Excitement rises for a possible 100-times spike
Following the sharing of shocking information by the organization's official X account, the CORE token—issued by the CoretoshisLab project—became quite popular. The tweet claims that an unidentified person is getting ready to raise the price of the CORE token to $100 ahead of the much-awaited Bitcoin halving event.
The tweet further claimed that the news’ credibility is “very high” and that over 100 crypto institutional investment funds are expected to buy and hold CORE this year. The CoretoshisLab account also expressed confidence in the token’s future, stating, “Next month, we will really go to the Moon. In 2024 (this year), #CoreDAO will be blowing tremendously, which you can’t imagine.”
Currently trading at $2.69, after surging from under $1 just four days ago, the CORE token has already witnessed significant price appreciation. However, if the rumors of a push to $100 prove true, it would represent a staggering 3,600% increase from its current levels.
Source: CoinMarketCap
ORDI`s bullish chart indicates a potential for a 300% Increase
Crypto Patel (@CryptoPatel), a trader and analyst for cryptocurrencies, has noticed the ORDI token. Patel just tweeted a bullish chart analysis of ORDI, pointing to a possible 300% upside from the stock's present position of over $64.
Patel's study shows that since December, the ORDI has been trading sideways, often bouncing off a trendline that has acted as support. Patel thinks the price might surpass the resistance level at about $90, which would mean a 38% gain from the current price if it keeps bouncing off this trendline.
But Patel's optimistic view doesn't end there. He thinks that ORDI might rise even higher if the breakout happens, possibly hitting $267, which would be a 316% gain from the present price.
Before making any investment decisions, traders and investors must use prudence and perform in-depth research because the cryptocurrency market is still quite speculative and volatile.