Markets
Crypto Moonshot! 4 Expert-Picked Altcoins to Buy to Turn $800 into $16,000 This Week
The price of Bitcoin hit $70,000 on Monday, after a week of sideways stasis. As the excitement around the approval of Ethereum ETFs has cooled, the rally has also cooled. BTC price I retested the $67,000 support while Ethereum it went from 3,700 dollars to be traded at 67,300 and 3,830 dollars respectively. In the midst of the mundane trading action, investors can still identify key opportunities to maximize their returns in the bull market of 2024. Hence the need to draw attention to key altcoins selected by experts to buy such as Notcoin (NOT), Pepe , BOME and Kaspa. .
1. Altcoins to buy – Notcoin (NOT)
Notcoin price was hovering around $0.02143 during American trading hours on Monday, up 2oo% over the past seven days. 90% of CoinGecko users are bullish on Notcoin with a paltry 10% at the other end of the spectrum.
Based on current technical perspectives, Not the price in coin is trending well above the 50-day and 200-day simple moving averages (SMA), a bullish indicator for investors. Meanwhile, the price has returned to the 0.5 Fibonacci retracement level, which coincides with $0.021. This key retracement level often provides support for assets in price discovery mode.
Notcoin Price Chart | Tradingview
A bounce from here could see the price NOT touch the 0.27 Fibonacci extension level around $0.034. From that point, the price action would be 7% lower than the previous all-time high price.
NOT has been tearing up the charts as the Tap-to-Earn meme coin climbs into the top 100 ranks. As of this writing, NOT is ranked 58 on CoinGecko, increasing 42 positions in the last 7 days. On the way up, NOT may encounter some resistance around $0.032, $0.043, and $0.057.
2. Pepper (PEPE)
Meme coin Pepe has seen a sharp rise of 99% over the past month, driven by growing investor interest and a number of positive market trends. This surge led to significant gains, with Pepe reaching an all-time high of $0.00001718 on May 27. This rally was fueled by a surge in other meme coins, favorable market conditions, and increased speculation among traders.
Pepe Price Chart | CoinGecko
Overall sentiment among investors remains cautiously optimistic as the broader cryptocurrency market continues to show signs of strength and recovery.
Meanwhile, the most crucial resistance level for Pepe is $0.000016. Crossing this point could bring its value to $0.000019. Sustained bullish momentum could push Pepper Price
to $0.00003 by the end of June. If the bullish pressure increases, the meme coin could reach $0.00005 in the next bullish phase.
3. Book of Memes
Along with most major altcoins, the BOME price has shown a healthy retracement according to the Fibonacci retracement level. While Solana-based memes rebounded from the 38.2% FIB, the price rose 1.4% to currently sit at $0.013. Will the price of Book of Memes exceed $0.02 in June?
BOME Price Chart | CoinGecko
However, amid broader market consolidation, BOME price has recovered from last week’s new high of $0.016. The bearish trend reversal caused the asset to fall by 20%, reaching a low of $0.0127.
With the lateral action intact, this memetic currency the price is poised to hit an intact ascending support trend line since the second week of April. Dynamic support is showing the current recovery momentum and indicates that buyers continue to accumulate this asset on market dips.
This support could renew pressure from exhausted demand and encourage buyers to challenge the $0.016 high again. With sustained buying, MEME BOOK price could reach a potential target of $0.0186, followed by $0.0248.
4. Altcoin to buy Kaspa (KAS)
Kaspa (KAS) is a cryptocurrency project focused on providing a high-performance, scalable and secure blockchain platform. Kaspa’s defining feature is its use of the GhostDAG protocol, which enables faster block times and higher transaction throughput than traditional blockchains.
Since the beginning of May, the KAS coin has seen a significant recovery, with its price rising from $0.10 to $0.149, marking a 48% increase. Furthermore, its market capitalization rose to $3.552 billion.
A potential breakout of this barrier would signal a major shift in the trend reversal, prompting buyers to chase potential targets at $0.19, followed by $0.22.
Bottom line
The ardent investor in the cryptocurrency market knows that the toughest battle to achieve success is to identify the Altcoins to buy and seek visibility at the right time. Sometimes, this would involve buying in a downtrend and near the bottom. Other times, investors need to jump on the ship before it sails. For example, those who bought NOT and GME before they broke out made handsomely.