Altcoins
Crypto Moonshot! 4 Expertly Picked Altcoins to Buy to Turn $800 into $16,000 This Week
Bitcoin price hit $70,000 on Monday after a week of sideways slump. As the hype around the approval of Ethereum ETFs has died down, so has the rally. BTC Price retested the $67,000 support while Ethereum jumped $3,700 to trade at $67,300 and $3,830 respectively. Amidst the mundane trading action, investors can still identify key opportunities to maximize their returns in the 2024 bull market. Hence the need to draw attention to expertly selected top altcoins to buy, like Notcoin (NOT), Pepe, BOME and Kaspa. .
1. Altcoins to Buy – Notcoin (PAS)
Notcoin price was hovering around $0.02143 during US trading hours on Monday, an increase of 2oo% over the last seven days. 90% of CoinGecko users are bullish on Notcoin with a measly 10% at the other end of the spectrum.
Based on the current technical outlook, Notcoin price is trending well above the 50 and 200 day simple moving averages (SMA), a bullish indicator for investors. In the meantime, the price has returned to the 0.5 Fibonacci retracement level, which coincides with $0.021. This key retracement level often provides support for assets in price discovery mode.
Notcoin Price Chart | Commercial view
A rebound from here could see the price NOT touch the 0.27 Fibonacci extension level around $0.034. From this point, the price movement would be 7% lower than the previous record price.
NO price has been tearing up the charts as the Tap-to-Earn meme coin climbs into the top 100 ranks. At press time, NOT is ranked 58 on CoinGecko, gaining 42 positions over the past 7 days. On the upside, NOT may encounter some resistance around $0.032, $0.043, and $0.057.
2. Pepe (PEPE)
The Pepe meme coin has seen a sharp increase of 99% over the past month, driven by increased investor interest and a series of positive market trends. This rise led to significant gains, with Pepe reaching an all-time high of $0.00001718 on May 27. This rally was fueled by a surge in other meme coins, favorable market conditions, and increased speculation among traders.
Pepe Price Chart | CoinGecko
Overall investor sentiment remains cautiously optimistic as the broader cryptocurrency market continues to show signs of strength and recovery.
Meanwhile, the most crucial resistance level for Pepe lies at $0.000016. Exceeding this point could increase its value to $0.000019. Sustained upward momentum could push Pépé Prize
to $0.00003 at the end of June. If the bullish pressure increases, the meme coin could reach $0.00005 in the next bullish phase.
3. Meme Book
Like most major altcoins, BOME price exhibited a healthy retracement according to the Fibonacci retracement level. As Solana-based memes rebounded from the 38.2% FIB, the price jumped 1.4% to currently trade at $0.013. Will Book of Meme price surpass $0.02 in June?
BOME Price Chart | CoinGecko
However, amid broader market consolidation, BOME price returned from the new high of $0.016 last week. The bearish reversal caused the asset to plunge 20% to a low of $0.0127.
With the side action intact, this piece of money price is about to reach an ascending support trendline intact since the second week of April. Dynamic support displays current recovery momentum and indicates that buyers continue to accumulate this asset during market dips.
This support could renew pressure from exhausted demand and prompt buyers to challenge the $0.016 high again. With sustained buying, BOOK OF MEME price could aim for a potential target of $0.0186, followed by $0.0248.
4. Altcoins to buy Kaspa (KAS)
Kaspa (KAS) is a cryptocurrency project focused on providing a high-performance, scalable and secure blockchain platform. Kaspa’s standout feature is its use of the GhostDAG protocol, which enables faster block times and higher transaction throughput compared to traditional blockchains.
Since the beginning of May, KAS coin has seen a significant recovery, with its price rising from $0.10 to $0.149, an increase of 48%. Additionally, its market capitalization soared to $3.552 billion.
A potential breakout of this barrier will signal a major change in the trend reversal, prompting buyers to pursue potential targets at $0.19, followed by $0.22.
Conclusion
The ardent investor in the crypto market knows that the toughest battle to success is identifying the altcoins to buy and seek exposure at the right time. Sometimes this would involve buying on a downtrend and near the low. Other times, investors need to board the ship before it sets sail. For example, those who bought NOT and GME before their breakout are making big profits.