Altcoins
Top Altcoins Below $1 to Stack Now for 10x Q2 Profits!
As Bitcoin price holds above the $67,000 mark, the crypto market has seen a significant increase in buying and selling pressure. Additionally, major tokens managed to surpass their important resistance levels, suggesting driving power in the crypto space.
However, mid- and small-cap altcoins have seen massive growth in their respective portfolios, highlighting a shift in investor interest in these altcoins.
Let’s take a closer look at the top four altcoins that are currently valued at less than $1 but have huge potential to record a return of up to 10x by the end of the second quarter.
GameStop (GME):
The latest sensational memecoin from the Soalna ecosystem, the GameStop token made its first appearance in the crypto market in January 2024. It was primarily created to pay homage to the 2021 GameStop stock short squeeze.
TradingView: GME/USDT
Positively, meemcoin is up around 100% in the last 24 hours, indicating strong bullish sentiment in the crypto space. Additionally, it surged 250% over the past week, highlighting the positive outlook for the altcoin in the times to come.
If the bulls continue to gain momentum, GME price will prepare to retest its high over the coming weeks. However, bearish price action could pull the price towards its lower support level of $0.00237 in the coming times.
Mantra (OM):
The Mantra Project is a security-focused Real World Asset (RWA) layer 1 blockchain. It is capable of applying real-world rules and regulatory requirements. Additionally, it offers permissionless blockchain for permissioned applications.
TradingView: OM/USDT
Its native currency token “OM” has already seen an increase of around 1,150% year-to-date, indicating strong bullish sentiment for the altcoin in the crypto space. With a circulating supply of 793,991,274 OM tokens, it is expected to show a significant increase in the coming times.
If the bulls continue to gain momentum, OM price will prepare to retest its ATH by surpassing the $1 mark soon. Conversely, in the event of a bearish market reversal, Mantra price will plunge towards its crucial support level of $0.6250 over the coming weeks.
AIOZ Network (AIOZ):
AIOZ Network (AIOZ) is a DePIN for Web3 AI, storage and streaming and powers a decentralized future with more security. Plus, it rewards you for sharing your computing resources for transcoding, sorting, and streaming digital media content.
TradingView: AIOZ/USDT
AIOZ price faced repeated rejections at the $0.83950 resistance level, which dragged the price into a closed range between $0.68430 and $0.83950. On the positive side, the 50-day EMA shows bullish sentiment, highlighting a positive outlook for the AI token in the times to come.
If the bulls break above the resistance level of $0.83950, the AIOZ network will prepare to test its upper resistance level of $1.02931 in the coming months. Negatively, if a bearish trend reversal occurs, the AIOZ token will plunge this month towards its crucial support level of $0.5111.
BOOK OF MEME (BOME):
Presented as an experimental project aimed at redefining Web3 culture, the BOME project ensures to be immortalized on the blockchain. Built on the Solana blockchain, the BOOK OF MEME BOME serves as the main storage. Additionally, this promotes a new dimension of decentralized social media.
TradingView: BOME/USDT
Despite losing a significant 58.61% in value from its all-time high (ATH) of $0.0280, the BOME token continues to trade with a year-to-date yield (YTD) of approximately 1,200%. At the time of writing, the BOME memecoin price was $0.011448 with a market cap of $795.86 million.
If the market sustains the price above the $0.011350 support level, the bulls will regain momentum and prepare to test its higher resistance level of $0.0132. Conversely, if the bears take control of the market, it will fall to test its lower support level of $0.01040.
Conclusion:
Volatility in the cryptocurrency market is constantly increasing, indicating an increase in buying and selling pressure within the crypto space. Additionally, the hype around mid- and low-cap tokens has attracted a new round of investors and traders, highlighting a positive outlook for times to come.
Note: Investing in mid and small cap altcoins is risky as it is very volatile in nature. Be sure to do your own research before investing in any digital asset.