Bitcoin Cash, Compound, Zilliqa: Dead Coins Walking or Primed for a Comeback?
BCH, COMP, and ZIL traders are sweating bullets—these altcoins haven’t seen glory days since your grandma’s crypto phase. But markets have short memories and shorter attention spans.
Technical breakdown: Bitcoin Cash claws at key resistance like a cat on a screen door—another 15% push could trigger algorithmic FOMO. Compound’s governance token plays dead while whales accumulate (classic Wall Street move, but with more Twitter drama). Zilliqa’s sharding tech? Still exists, somehow.
Bottom line: In a market where dog-themed tokens moon weekly, never count out the zombies. Just remember—your ’undervalued gem’ is usually some VC’s exit liquidity.
Series of lower highs for $BCH
Source: TradingView
Back at the height of the 2017 bull market, $BCH, a fork of the Bitcoin blockchain, was trading at $4,300. Coming out of the following bear market the $BCH price was able to attain a respectable $1,642 at the top of the 2021 bull market.
However, roll forward to the current bull market, and the $BCH price has had two forays up to $720, and then $640. With the weekly stochastic RSI indicators at the top and looking to cross down, the major horizontal support level at $384 may not hold.
This is a dying cryptocurrency, and while there is always the possibility that a bitcoin spike to new all-time highs could lift all boats, $BCH would be a risky play if you compare it to other much worthier altcoin contenders.
Series of higher highs for $COMP
Source: TradingView
In its defence, the $COMP bulls have managed to make a series of higher highs from the very beginning of this bull market. The last rally was a 250% gain from bottom to top. That said, the current rally has just not materialised, and the Stochastic RSI indicators on the weekly are nearing the top without hardly a peep from the bulls.
Still, as with all the altcoins, an upside run from Bitcoin can change fortunes rapidly. However, don’t expect $COMP to be among the biggest gainers.
$ZIL weekly chart looks desperate
Source: TradingView
The Zilliqa chart looks quite desperate. No local higher high has been made since early 2024, and it doesn’t look as though this state of affairs is going to change. The Stochastic RSI on the weekly time frame is posturing to cross down and the $ZIL price still hasn’t even left the major bottom support level.
Short-term gains possible, but long term holds extremely risky
Taking all the aforementioned cryptocurrencies into account, there is a puncher’s chance that any one, or even all of them, could still do a 3 or 4 x from here. However, it must be borne in mind that this should probably only be a short-term trade, and a risky one at that.
For the longer term, and for those who may still have any of these cryptos in their portfolio, all three are arguably going to zero. Even if they don’t, why on earth WOULD anyone hold them when they could put their money into hugely better-performing or newer technology assets?
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
