Altcoins
Tech-Savvy Investors Focus on 3 Altcoins to Buy Targeting 50X Profit
The crypto market cap crossed the $2.5 trillion mark again on Thursday, thanks to a remarkable increase in Bitcoin Price above $66,000. However, for tech-savvy investors, now is the time to focus on altcoins to buy as Ethereum (ETH)Binance Coin (BNB), Solana (SOL), and XRP. Terra Classic (LUNC), dogwifhat (WIF) and Floki are altcoins to buy to consider when creating a crypto wallet in 2024.
Will these Altcoins to buy rally in 2024
Bitcoin halved in April 2024, put the crypto market on the path to a parabolic rally. However, a few weeks after the historic event, Bitcoin is still playing in the doldrums with little to no signs of a major run ahead.
Investors are on the edge, especially those who focused on altcoins to buy in the first quarter as BTC exploded to a new all-time high. Many weak hands are driven out of position in times of uncertainty.
However, tech-savvy investors understand market psychology after studying historical price movements, especially those related to the Bitcoin halving. The impact of this event begins several months after the actual date, often due to the gradual reduction in supply and increase in demand for BTC.
Having Bitcoin is essential for most wallets. However, tech-savvy investors are considering buying altcoins with the potential to return more than 50 times during bull markets. This value can then be reinvested in Bitcoin, ensuring the long-term value of crypto assets is retained and maintained.
1. Best Altcoins to Buy – Terra Classic (LUNC)
Based on the prevailing technical structure, the LUNC price prediction affirms a potentially massive bullish outcome in May and the coming months.
Terra Classic Price fiercely defended support at $0.0001, as shown on the daily chart. The recovery from this level is strengthening, with LUNC expected to break through resistance at $0.0001060, highlighted by the 20-day exponential moving average (EMA) (the blue line overlying the chart).
LUNC Price Prediction Chart | Commercial view
The Relative Strength Index (RSI) position at 45 and its potential for recovery above the midline reinforces the growing bullish grip. If the RSI breaks through the descending trendline resistance, it could ignite a fire in LUNC, opening the way for gains above $0.001.
On the upside, a break above the dotted trend could propel LUNC 66% higher, marking validation of the double bottom pattern.
2. Dogwifhat (WIF)
Over the past week, the WIF digital currency has seen significant price volatility, ranging from $3.30 to $2.70. These fluctuations highlight the unpredictability inherent in digital assets. Notably, WIF experienced an increase of more than 4% as it entered a bearish phase today.
Since Meme based on Solana The coin reached an all-time high of $4.85 on March 31, the bull and bear phases alternated rapidly, reflecting the speculative nature of meme coins and their sensitivity to market sentiment. Despite WIF’s recent bearish price, there has been a notable 4% rise over the past month.
WIF Price Chart | CoinGecko
A bullish resurgence could see dog hat break the resistance level of $3.10. This breakout could propel the value towards a new high of $4 and potentially up to the resistance level of $5.
3. Floki
Amid the post-Bitcoin Halving consolidation, the majority of major cryptocurrencies, including FLOKI coin, have entered a sideways trend since April 19. This consolidating meme coin has been capped between $0.000202 and $0.000127 horizontal levels.
However, a look at the daily chart shows that FLOKI Price The development of new higher lows indicates that buyers are trying to regain control and actively accumulate on dips. Connecting these lows with a support trend revealed the formation of an ascending triangle pattern.
In theory, this chary pattern indicates the creation of bullish momentum that is released with the break of the neckline resistance. If the breakout continues, FLOKI coin increases its value to $0.00026, followed by $0.000031.
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