Altcoins
Can These 3 Altcoins to Buy Make You Rich in 2024
It’s darkest before dawn! This is perhaps the phrase that every crypto investor needs to get used to given the broken structure of the market at the moment. The period before and after approval of Bitcoin ETF has significantly altered the outlook for crypto, causing a seismic shift in holders’ fortunes. As Bitcoin hit a new all-time high of $73,837, altcoins to buy like Terra Classic (LUNC), Shiba Inu, and Sui were beaming with hopes of reaching all-time highs.
Over the past 24 hours, volatility has dominated the market, with Bitcoin first bouncing above $63,000 before sliding to test support at $60,000. Potential altcoins to buy followed quickly, posting double-digit losses on Friday.
Total market capitalization fell to $2.38 trillion from $2.41 trillion earlier in the day. Ethereum lost the support at $3,000 and is currently above the $2,900 support. Solana is back below $150 and trading at $147 at the time of writing, while Dogecoin, Cardano and others sink deeper into losses.
That said, narrowing down to a few altcoins to buy could help investors see the big picture. DCA strategies could help build holdings, positioning yourself for optimal returns as the crypto market rebounds towards the end of the year.
1. Terra Classic (LUNC)
Terra Classic Price is currently at $0.0001072, showing an increase of 2.38% from the last day. Despite this price increase, trading volume saw a drop of 18.19%, totaling approximately $24.13 million over the past 24 hours. The market capitalization now stands at $621.91 million, ranking it 113th in the market capitalization rankings.
LUNCUSD Price Chart
The LUNC market saw a notable 7% rise over the past week, highlighting increased investor interest. Despite a broader downtrend this month, with a 17% decline, there appears to be a subtle recovery. Prices fluctuated between $0.0001 and $0.00012, indicating cautious optimism among traders.
The growing bullish sentiment in the market could push Terra Classic price beyond the $0.00011 level. Such a move could accelerate momentum towards testing the $0.00012 resistance. If the bullish pressure persists, the price could even approach the $0.0002 mark.
2. Shiba Inu (SHIB)
Shiba Inu Coin has shown considerable resilience and a robust recovery in recent hours. The increase comes after a series of declines earlier in the day, drawing attention from investors and analysts. Over the past week, SHIB saw a slight rise of over 3%, with prices hovering between $0.0000224 and $0.0000261.
Despite a 14% decline over the past month due to market corrections, the current rise in its value suggests growing optimism among investors, potentially marking a transition from bearish to more bullish market conditions. This change in sentiment could signal a shift in investor confidence, heralding a new phase for the cryptocurrency.
SHIBUSD Weekly Price Chart
Recently, the Shiba Inu cryptocurrency attracted attention with a significant increase in its burn rate, climbing over 5,500%. According to Shibburn, approximately 26 million SHIB tokens were removed from circulation yesterday. This action has injected optimism into the market for this dog theme. cryptocurrency.
If the market rally persists, the meme cryptocurrency could surpass the $0.000025 mark, potentially raising its price to $0.00003. This increase could allow it to reach the $0.00003 level. With continued upward pressure, SHIB could rise to $0.00005 by the end of April.
3. Follow
Sui (SUI), an innovative layer 1 blockchain platform, is quickly gaining attention due to its focus on secure, fast and private management of digital assets. It stands out for offering scalable blockchain solutions, as evidenced by its significant total value locked (TVL). The recent outbreak of Next price at $1.09, an 8% increase in one day, signals strong market interest.
SUIUSD Weekly Price Chart
Despite a slight decline in previous weeks, this rise suggests growing confidence in Sui’s potential as a leading alternative cryptocurrency. Currently, it ranks 46th on CoinMarketCap, with a market capitalization of $2.5 billion. Investors view Sui as a competitive option to Solana, potentially turning a $10,000 investment into $500,000.
Conclusion
Investing in cryptocurrencies requires resilience but also the ability to adjust and rebalance portfolios accordingly. Cases of risk-taking are also essential. Altcoins to buy like SHIB, LUNC, and SUI allow investors to position themselves ahead of the bull market.
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