Bitcoin (BTC) is hot and clearly in the hands of bulls. Yes, eventually an exchange-traded fund (ETF) is coming and after that a $100,000, no $120,000, scratch that, $150,000 BTC price will be on the board.

Blah, blah, blah.

Anyone logging onto crypto Twitter is going to exist bombarded with all this bullish drivel straight from the jump and that's great, we're all happy Bitcoin is doing well. I've been a holder since early on 2022 so of course, I'm happy. Only, isn't there more to crypto than simply Bitcoin? Aren't there other assets that are moving?

Wouldn't information technology be overnice to hear near them before they become on some parabolic 150% run and so your favorite betimes Twitter trader with a Rolex and an Audi advises you on which support levels to purchase on the next pullback?

Let's take a quick look at some of the other assets that might be on the verge of a movement. Of course, this isn't financial communication. DYOR. Only because we've covered it doesn't mean information technology'southward actually going to do something, and so don't troll us if the prices stay apartment or if you lose money.

SLP/USDT

Axie Infinity has literally been blazing a trail all yr long and from the look of things the play-to-earn blockchain gaming sector is poised for further growth and Axies'southward metrics, along with its AXS token, look bang-up.

The platform recently rolled out AXS staking and prior to that, the team dolled out an admittedly massive airdrop on early users.

Sadly for some, as AXS went up, SLP, (the in-game currency used to pay users and buy items within the game) has gone down. I mean, really down. Down to the extent that prominent and relatively anon crypto-Twitter traders are now calling a bottom.

SLP/USDT daily chart. Source: TradingView

The daily chart shows SLP trading pretty much at its end of May low at $0.06 and for many traders, the market structure suggests the nugget has reached a lesser. Last week, the toll did effort some recovery up to $0.10 but then failed to concord the momentum and eventually fell back into the current range.

One thing that defenseless my attending is the rise in trading volume, which is a possible sign of accumulation.

Bag holders are hopeful that Axie Infinity volition eventually redefine the use of SLP or curb its inflation to expand its utility and drive need, simply at the moment there are no promises.

Technical analysis lovers will bespeak out that SLP currently meets resistance at the 50-day moving average (MA) and that the altcoin has flipped the xx-twenty-four hour period moving average to back up. One can likewise come across an 'eventual' convergence between the 20-MA and 50-MA if buyers continue to bid the price higher. These traders would also point out that the moving average convergence/divergence indicator (MACD) and relative forcefulness index (RSI) on the daily time frame each look promising.

At this phase, it appears that SLP is attempting to suspension out of its downtrend simply from a run a risk-to-reward signal of view, opening a position however presents risk given that the swing low is more than 20% away from the current cost.

Risk-averse traders might consider waiting for farther confirmation of a trend reversal. Something like a daily shut higher up the l-MA and a few higher loftier candlesticks to a higher place the $0.10 level might betoken that AXS is gaining momentum.

ALCX/USD

Alchemix is some other "looks like it might have bottomed" altcoin and recent developments surrounding the projection could be a sign of strengthening fundamentals. At the finish of October, the project was voted by Tokemak (TOKE) holders to exist one of the assets added to the platform's liquidity pools called 'reactors.'

Tokemak claims to be "a protocol that enables sustainable DeFi liquidity" and they framed the current trouble DeFi has by saying:

"Protocols have a difficult time coordinating users to puddle liquidity across exchanges. They tin incentivize users through high APY inflationary means (liquidity mining), but this is inefficient and extremely expensive."

Effectively, reactors are single-sided liquidity pools where projects and users place their tokens and TOKE holders vote on where the liquidity is directed. The aim is to "permit protocols to retain command over where liquidity goes, rather than having to incentivize users via emission" and this single-sided staking ways LPs stake an asset and the liquidity directors stake TOKE and stakers receive TOKE rewards.

How is this relevant to ALCX?

Well, TOKE has done amazingly well since its initial DEX offering (IDO) and the liquidity pools accept been quite pop and stable. In that location's high interest and need for TOKE, and the fact that ALCX was selected from 42 other projects to have a liquidity puddle ways holders are looking forwards to staking and receiving TOKE.

Alchemix was too selected as part of Olympus DAO'south "Olympus Pro" production, which bears some similarities to Tokemak. The platform aims to foreclose the mercenary upper-case letter scenario by allowing "protocols to accumulate liquidity to secure longevity and price stability for everyone involved."

Cointelegraph recently explained how vesting bonds over a ready catamenia of days is benign to the bondholder and the protocol. The paradigm beneath gives a pretty straightforward rundown.

Olympus Pro explainer. Source: Olympus DAO Finance

On Oct. 8, the squad at Alchemix announced plans for a v2 upgrade of its platform and also suggested that its "self-repaying loans" would be more than understandable to the public. The project also intends to open up the potential uses for collateral so that users tin do various "credit delegation" options, instead of simply using interest to pay the loan.

Typically, protocol upgrades and mainnet launches are bullish events for the native token just what makes ALCX's fundamentals wait juicy is the token's cross-integration with other protocols that are performing well.

On Oct. 13, Olympus (OHM) price rallied inside a hair of its all-time high and since launching Olympus Pro, integrating with Tokemak, announcing plans to launch on Arbitrum and having integration and fee kickbacks from DeFi platforms like Wonderland Money and Abracadabra, the bullish sentiment surrounding OlympusDAO has surged.

ALCX/USD daily chart. Source: TradingView

From a technical assay point of view, ALCX is all the same "consolidating" and bated from the recent high volume surges, it appears to exist in an "accumulation phase" rather than a "bottoming phase."

Like SLP, a daily close with a few higher highs in a higher place the $490 level would be an encouraging sign of a tendency reversal. The loftier book nodes on the volume profile visible range (VPVR) indicator also betoken that in that location is resistance in the electric current $400 to $480 range and a break above this level could see the toll speedily advance to $700.

Additional positives that hint at increasing bullish momentum include consecutive daily closes above the 20-day and 50-day moving averages, along with impending convergence between the moving averages.

ALCX'southward integration with Olympus DAO, Tokemak, the upcoming v2 upgrade, the project'due south bounce back from its recent $4 million exploit and the token's "aggregating phase" seen on the daily chart are too possible signs that the asset could be on the verge of a trend change.

The views and opinions expressed here are solely those of the author and practice not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves adventure, you should conduct your own research when making a decision.