Institutional traders normally search for liquid belongings to purchase as they commerce in giant portions. As a result of this limitation, they have an inclination to stay to Bitcoin (BTC) or a number of main altcoins with giant market capitalizations. Nonetheless, retail merchants would not have that constraint, and this provides them the liberty to decide on smaller-cap initiatives which are backed by sturdy fundamentals.

Crypto market knowledge day by day view. Supply: Coin360

Whereas the main altcoins are at the moment both range-bound or witnessing a correction, a number of tokens exterior the highest 20 by market capitalization have rewarded traders prior to now few days. Let’s have a look at their fundamentals and charts with a view to decide if there are any profitable investing alternatives.

THETA/USD

The demand for streaming providers went by the roof in 2020 because the COVID-19 pandemic compelled individuals to remain at dwelling. Whereas all main streaming providers are centralized, the Theta blockchain is aiming to disrupt the market by offering decentralized streaming providers.

Prior to now few weeks, the community introduced upgrades to boost its key options. The beta model of Theta Edgecast, a totally decentralized video streaming software, was launched not too long ago. The platform is ready to “seize video, transcode it in real-time, cache and relay to customers globally” utilizing Theta’s peer-to-peer edge community.

The protocol additionally upgraded its mainnet on Dec. 11, which now hosts good contract capabilities. One other change launched was the discount of the Guardian Node staking threshold from 10,000 THETA to 1,000 THETA.

Aside from these developments, the blockchain additionally plans to launch the next-generation Theta Mainnet 3.0 in spring 2021, whic is predicted to introduce a number of new options. Whereas elementary developments are encouraging, traders shall be extra curious to see how the worth has reacted to them.

THETA has been in a powerful uptrend and has picked up momentum as we speak. It has surged from an intraday low at $0.63714 on Dec. 11 to an intraday excessive at $1.11945 as we speak, a acquire of over 75% in a short while.

THETA/USDT day by day chart. Supply: TradingView

The break above the $1 psychological resistance has pushed the relative power index (RSI) into the overbought territory. The lengthy wick on as we speak’s candlestick reveals profit-booking at greater ranges.

This means that the THETA/USD pair may enter a correction or a consolidation within the subsequent few days. Nonetheless, if the bulls don’t hand over a lot floor, the uptrend may resume with the following goal at $1.40.

Conversely, if the correction deepens, the important stage to observe on the draw back is $0.80. If the worth rebounds off this help or the 20-day exponential transferring common ($0.80), it’s going to counsel that the bulls are shopping for on dips. This might enhance the potential for the continuation of the uptrend.

A drop under the $0.80 help would counsel the formation of a short-term prime.

GRT/USD

The Graph Community has been within the information not too long ago after main crypto exchanges added help for it.

Together with this, the indexing protocol launched its mainnet on Dec. 17, which can enable builders to look, discover, publish and use the general public knowledge to construct decentralized functions.

The Graph makes use of an open community of software programming interfaces, or APIs, referred to as subgraphs to extend accessibility to decentralized functions. There are over 3,800 subgraphs deployed, and several other widespread initiatives within the decentralized finance area have been utilizing it.

Let’s see whether or not the technicals of the Graph Token (GRT) level to a sustained uptrend or if the transfer will fizzle out after the preliminary itemizing enthusiasm.

As a result of GRT’s latest itemizing, the four-hour chart has been used for evaluation. From an intraday low at $0.2396 on Dec. 18, the token rose to an intraday excessive at $0.7858 on Dec. 20, a acquire of 227% in three days.

GRT/USDT day by day chart. Supply: TradingView

After the sharp rally, the GRT/USD pair witnessed profit-booking that pulled the worth right down to the 61.8% Fibonacci retracement stage at $0.4482. The bears tried to sink the pair under $0.4482 however couldn’t maintain the decrease ranges.

This means that bulls are accumulating near $0.4482. The patrons are at the moment trying to renew the uptrend, however they might face resistance at $0.6063 after which at $0.6545.

If each these ranges are crossed, a retest of the excessive at $0.7858 shall be on the playing cards. A breakout of this stage may resume the uptrend with the following goal at $0.9944.

Opposite to this assumption, if the worth turns down from the present ranges or the overhead resistance, the pair could stay range-bound for a number of days. The pattern could flip in favor of the bears if the worth dips and sustains under the $0.4482 help.

CEL/USD

Any lending and borrowing platform can solely achieve success over the long run if it beneficial properties the belief of the individuals. With a aim to construct confidence in its earlier bulletins, Celsius Community, a cryptocurrency lending and curiosity offering platform, underwent an audit by Chainalysis, which confirmed belongings of simply over $3.3 billion. Has this transfer to construct belief additionally been mirrored within the efficiency of the Celsius Token (CEL)? Let’s discover out.

CEL has been in a gentle uptrend for the previous few months. The latest leg of the up-move began on Dec. 16 from an intraday low at $2.2566 and hit a excessive at $3.2368 on Dec. 19, a acquire of 43% inside 4 days.

CEL/USD day by day chart. Supply: TradingView

The CEL/USD pair has been struggling to climb above the $3 stage for the previous two days, however the constructive factor is that the bulls haven’t allowed the worth to dip under the 20-day EMA ($2.56).

The pair has not corrected to the 50-day easy transferring common ($2.24) for the reason that uptrend began in early September. This means that the sentiment is to purchase the dips to the 20-day EMA.

If the bulls push and maintain the worth above $3, the following leg of the up-move may begin, which can attain $3.50 after which $4. Each transferring averages are sloping up and the RSI is near the overbought territory, which suggests the bulls are in management.

This constructive view shall be invalidated if the worth breaks under the 50-day SMA. Such a transfer may sign a attainable change in pattern.

The views and opinions expressed listed below are solely these of the writer and don’t essentially mirror the views of Cointelegraph. Each funding and buying and selling transfer includes danger, you must conduct your individual analysis when making a call.