Amid the noise in the crypto market, investors can pick and choose the best altcoins to buy trading under $1. These tokens have the potential to grow portfolios by up to 100x.
HIGHLIGHTS
- Artificial intelligence, meme coins, and Real World Assets are some of the trending narratives.
- GameStop meme coin and GameStock (GME) stock are rich with potential.
- XRP could break out and become a top 3 crypto if Ripple bags a win in the lawsuit with the SEC.
There are myriad opportunities in the fast-moving cryptocurrency space ranging from artificial intelligence (AI) projects, real-world assets (RWA), meme coins, DePIN, and much more. However, not every investor knows how to sift gems from the chuff for the best under $1 altcoins to buy.
Therefore, as the bull run thaws, investors are eager to find out the most potential altcoins to grow their portfolios to unprecedented levels in 2024. This article seeks to uncover some of the leading projects that could help turn ordinary investments into great fortunes in 30 days.
1. GameStop (GSTOP) Tops Altcoins Under $1
GameStop has seen a robust surge of more than 144% since its launch, indicating bullish sentiment among investors and a strong market performance. Over the past week, GSTOP has been trading in an ascending trend, rallying from $0.00024 to above $0.0056, hitting an all-time high of $0.005803 on May 27, 2024.
This impressive growth has raised questions about its potential to dominate the meme coin market. With strong community backing and a history of rallying retail investors, GameStop could leverage its popularity to challenge established meme coins like DOGE and SHIB.
With the current bullish pressure on the newly meme coin, GameStop appears to be entering a bullish phase. The momentum suggests that breaking the $0.0053 resistance level is possible. If the uptrend continues, the value could reach near $0.007. Long-term prospects aim for $0.009, and with additional bullish pressure, the GSTOP price might soon hit $0.01.
2. Notcoin (NOT)
Notcoin’s trading volume increased to $1.26 billion on Thursday, pointing to the swelling interest in the token according to CoinMarketCap. Several factors seem to be driving NOT to higher levels, including new developments and partnerships.
Notcoin started as a viral Telegram game focused on onboarding as many users as possible into the Web3 space. The platform’s simplicity as a tap-to-earn mining protocol appealed to many users.
Many cryptocurrency exchanges have added support for Notcoin trading including leading platforms like Binance, KuCoin, Bybit, OKX, Bitfinex, and more.
Adoption in the crypto market is often achieved with exposure based on exchange support. If Coinbase and other leading exchanges like Kraken add NOT as a tradable asset, the time to $1 could be shortened significantly.
Notcoin is seeking support above $0.012. The Relative Strength Index (RSI) reinforces the bullish outlook as it rebounds into the overbought region at 71. If the hype around the token keeps soaring, the price discovery could carry on to $0.1 and eventually reach $1.
3. XRP
Over the past week, XRP has shown a modest 3% rise, reflecting a gradual upward trend despite recent consolidation. This week, XRP has traded within a narrow range, highlighting the ongoing tug-of-war between bulls and bears.
The market capitalization of XRP has also decreased, currently standing at approximately $28.8 billion, placing it at the seventh rank among other cryptocurrencies. The 24-hour trading volume has shown a positive trend, increasing by 9.34% to reach $1.27 billion, suggesting active trading despite the overall price drop.
With the Ripple Vs SEC lawsuit heated up, ro-XRP lawyer Bill Morgan has addressed concerns about Ripple’s ODL sales, arguing they do not harm XRP’s price. Recently, Ripple submitted a reply letter supporting its Motion to Seal documents related to the SEC’s Motion for Judgment and Remedies.
Meanwhile, the XRP market is experiencing significant fluctuations, which suggest potential volatility. The cross-border money transfer token could break through the $0.53 resistance level if bullish momentum continues. Sustained upward movement might push the price towards $0.7, possibly reaching $1 by the end of June.
Also Read
- 75 Billion Shiba Inu in 24 Hours, What’s Happening?
- Shiba Inu (SHIB) Rival Dogwifhat (WIF) Amid Top 50 Gainers in Past Week
- Bitcoin, Altcoins, Meme Coin differences explained
- Top Reasons Why PEPE Price Rally Might Flip Polygon (Matic) Soon, 2024?
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