Altcoins
Top 2 Altcoins to Buy with Solana for 10,000% Gains in 2024
The escape in Bitcoin Price above $70,000 on Wednesday shows how eager investors are to participate in the 2024 bull run. Altcoins to buy like Solana rallied alongside BTC in the first quarter during the mini bull run, supported by approval of Bitcoin ETF in January. Cryptocurrency price rises moderated significantly in April and May, which were characterized by increased volatility linked to rising inflation, regulation and geopolitical tensions.
Bitcoin crashed to $56,500 from an all-time high of $73,837, data from CoinGecko. Solana was also not spared from the volatility in April and May, as it fell from a yearly high of $207 to $120.
Solana has since recovered above $170 but is hovering below resistance at $180. Investors looking to make more than 100x profit in their portfolios should diversify and purchase other altcoins, including the recently launched Notcoin (NOT) and Floki, one of the leading coins.
1. Altcoins to Buy – Notcoin (PAS)
Notcoin has seen a 120% increase in value over the past seven days, but the past 24 hours have been extremely bearish, with declines as high as 12% during U.S. business hours on Wednesday.
Before the correction, NOT had surged to a new all-time high of $0.02836. Investors who purchased the viral Tap-to-Earn Meme coin at an all-time low of $0.004611 are up over 300% on their initial investment.
NOW, Notcoin has an uphill battle to prove to investors that it can maintain its value. This will pique the interest of traders who will likely bet on the next breakout to a new all-time high.
However, the path of least resistance is heavily tilted downward, especially when price does not slide below the 20-day exponential moving average (EMA) in blue. The bearish outlook is supported by a bright sell signal from the Moving Average Convergence Divergence (MACD) indicator.
Notcoin Price Prediction Chart | Commercial view
Different key levels could play a role in the direction Notcoin price takes this week. A rebound from the 38.2% Fibonacci retracement level could quickly reignite interest in the token and support a rally to the top and then a new all-time high above $0.03.
2. Floki (FLOKI)
Floki achieved a significant breakthrough after being overshadowed by other meme coins. Its technical and solid configuration inspired investor confidence, leading to remarkable performance. Floki is up 13% over the past week, leveraging the memecoin craze to reach an all-time high of $0.0003462 on May 5.
Floki Price Chart | Commercial view
If FLOKI rises above $0.00033, it could face significant resistance at $0.00039, potentially breaking its long-standing trend. Holding above this level could allow FLOKI to target higher resistance at $0.0004, and if the bullish momentum continues, it could reach $0.0005.
Conversely, if FLOKI price falls below $0.00032, it could fall to the descending support trendline at $0.00031. A bear market could push FLOKI lower, targeting a support level of $0.0003.
Take away
Solana’s positive momentum is driven by increased network activity and high developer retention rates. In addition, a surge of Solana Coins contributes to this uptrend, signaling further growth for the altcoin.
If the bulls succeed in pushing the price beyond the $180 resistance level, it could pave the way for further gains. Overcoming this obstacle could lead GROUND towards the next key resistance at $190.
Maintaining this upward trajectory could lead to an ambitious attempt to breach the $200 mark. If the bullish pressure increases further, the altcoin could target $250 as its next target.
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