As we approach the end of May, various alternative cryptocurrencies are preparing for significant developments to boost their prices, following Bitcoin's recent surge. BeInCrypto has identified three altcoins that investors should monitor as Q2 wraps up.
BNB is anticipated to experience a price surge due to the upcoming Maxwell hard fork on the Binance Smart Chain (BSC), enhancing network efficiency and performance. This upgrade could potentially propel investor confidence and platform usage. The Maxwell hard fork might serve as a vital driver for increased chain activity, with BNB currently trading at $672 and facing resistance at $686 and $700. A positive market response could bridge the 18% gap to BNB's previous all-time high of $793, while a lukewarm reception may keep BNB below $686, stalling the uptrend.
Zilliqa (ZIL) has seen a 14.7% decline in price over the last two weeks, dropping to $0.0127, possibly due to delays in the Zilliqa 2.0 mainnet launch. Any positive news regarding the migration could reignite bullish momentum, potentially pushing ZIL towards the $0.0137 resistance level. Failure to capitalize on momentum may result in price consolidation between $0.0125 and $0.0137, weakening the bullish sentiment.
Optimism (OP) has been relatively stable, but upcoming events like the release of 31.34 million OP tokens valued at $24.22 million could generate bullish momentum. The current technical setup suggests the potential for OP to surpass the $0.80 resistance level and target $0.90, attracting more investors. However, a failure to breach $0.80 could bring the price down to $0.69 or lower, indicating weakness and caution among traders.