Altcoins
However, mid-cap and low-cap altcoins have displayed increased price action this week, indicating a switch of interest among investors in these altcoins.
With the market leaders displaying a weak price action for about a week, the crypto space has seemed to have entered a consolidated phase, suggesting a high possibility of a delay in the Altcoin season.
Considering investing in mid-cap and low-cap altcoins to maximize your profits this month? Dive in as, in this article, we have covered the top 5 altcoins that have the potential to record a surge of up to 10X during this month.
ConstitutionDAO (PEOPLE):
The PEOPLE coin price has displayed a strong bullish price action since the year started, indicating increased buying pressure for the altcoin in the crypto market. Positively, this altcoin has added 32.38% within the past day, 372.86% over the past 30 days, and 718% this year.
With a trading price of $0.10621, a circulating supply of 5.060 Billion PEOPLE tokens, and a market cap of $536.303 Million, the ConstitutionDAO price has secured the 137th position on the global cryptocurrency market list by market cap.
The technical indicator, RSI, continues to hover above the overbought range, indicating a strong bullish sentiment for the PEOPLE crypto. Moreover, the average displays a bullish convergence, suggesting the price will continue gaining value in the coming time.
If the market holds the ConstitutionDAO price above the support level of $0.09875, the bulls will prepare to test its upper resistance level of $0.140. In a bearish reversal, the price could plunge toward its lower support level of $0.07560.
MAGA (TRUMP):
The MAGA price has added 20.85% within the past day and a 2X surge over the past week. Furthermore, the altcoin has added 273% within the past 30 days and has a Year-to-Date (YTD) return of 5,819.23%, indicating a bullish outlook for the TRUMP token in the coming time.
The Moving Average Convergence Divergence (MACD) displays a constant rise in the green histogram, highlighting increased buying pressure for the MAGA coin price. Further, the averages show a rising pattern, suggesting a positive outlook for the altcoin during the upcoming week.
If the bulls continue to gain value, the TRUMP price will prepare to test its upper resistance level of $24. Conversely, if the bears overpowered the bulls, the price would lose momentum and fall toward its lower support level of $9 this month.
Turbo (TURBO):
The Turbo price continues to display a bullish price action by adding approximately 20% within the past day and 76% over the last seven days. Furthermore, it has surged 1,386% within the past 30 days and has a YTD of 1,993.60%, making it a top pick for this list.
Despite the MACD recording a negative price action in its price chart, the EMA 50/200-day highlights a strong bullish influence, suggesting a mixed sentiment for the Turbo token in the coming time.
If the market holds the price above the support level of $0.0075875, the bulls will test its upper resistance level of $0.009450 in the upcoming weeks. Negatively, a trend reversal could pull the price toward its lower support level of $0.0045275.
Minati Coin (MNTC):
Built on the Ethereum Chain, the Minati project is an emerging blockchain with huge potential in the Metaverse. Its native token MNTC is the backbone of the Minativerse ecosystem.
Despite recording a correction of approximately 20% within the past hour, the MNTC price has added 64.03% within the past day and 210.16% over the past seven days. Furthermore, it has surged 1,003.67% within 30 days and has a YTD of 2,647%.
With a trading price of $19.90, a circulating supply of 6,275,000 MNTC, and a market cap of $125 Million, the Minati crypto has secured the 463rd spot in the global crypto market list.
Andy (ANDY):
Inspired by the Pepe Memecoin, the Andy project is Ethereum-based and quickly gained momentum following its launch. At the time of writing, the trading price of Andy tokens was $0.0002146, a circulating supply of 1 Trillion Andy tokens, and a market cap of $214,567,861.
Positively, the memecoin has jumped 16% within the past day and 82.63% over the past seven days. Moreover, the ANDY price has surged approximately 300% since its inception, highlighting a bullish outlook for it during the coming time.
Conclusion:
The volatility in the crypto space is constantly rising with a Fear Of Missing Out (FOMO)-like situation in the market. Moreover, the rising speculations for an AltSeason could result in the market heading towards a new ATH in the coming time.
However, investing in lesser-known tokens is highly risky as they have high volatility. Make sure to “DYOR” before investing in any crypto asset.
Also Read
- Will JasmyCoin Price Hit $1 in 2024?
- Turbo price prediction: Will the AI-created token fly into space?
- Top Altcoins Poised To Hit ATH in Coming Week
- Top 5 Memecoins by market cap as Memecoins outperform Bitcoin in the last 7 days
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