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Turn $1,000 into $35,000 with a Cryptocurrency Breakout to Buy at 3500%
Investing in the cryptocurrency markets has been one of the most rewarding ventures of the last 50 years. The first investors a Bitcoin, DogemonetaAND Shiba Inu achieved exponential gains, attracting even more outsiders to the blockchain space. However, being a young sector, the cryptocurrency sector is characterized by high volatility and malicious operators. This is why identifying a 3500% cryptocurrency to buy in a breakout in advance can be difficult. This article will showcase five crypto projects that could turn $1,000 into $35,000 in the next bull run.
1. Cryptocurrencies to buy – XRP
XRP, one of the top ten cryptocurrencies, aims to become the global reserve currency despite legal battles. Despite the ongoing legal battles, XRP remains one of the most promising cryptocurrencies with a 3500% breakout in the near future. Chris Larsen and Brad Garlington, the co-founders of Corrugation laboratorieshave worked hard to convince banks around the world to use RippleNet.
After the bull run of 2020-2021, XRP lost over 86% of its value, along with the entire cryptocurrency market. However, in June 2022, the asset began its slow rise from $0.28. The price of XRP today is $0.52, which represents a decrease of 1.6% over the last 24 hours and an increase of 2.5% over the last 7 days.
XRP Price the action was closely intertwined with the 50-day and 200-day simple moving averages (SMAs), indicating an existing fight between the bulls and the bears. Meanwhile, the asset is almost at the end of a symmetrical bullish triangle. This is confirmed by the highest lows that XRP has recorded for 1,492 days.
The asset’s current Relative Strength Index (RSI) stands at 50.62 after rising 80.49% over the last 42 days. As a result, the price of XRP increased by 25% over the same period. The upcoming XRP-based stablecoin is expected to spice up the DeFi season on the L1 blockchain, making these prices the best buy-in opportunities.
2. Terra Luna Classic (LUNC)
LUNC Price Chart | TradingView
Earth Moon Classic It’s a layer 1 blockchain, taken over by the community after the abandonment of the founder. Blockchain has seen some major changes through the current decentralized governance structure, one of which is scheduled for June 2, 2024.
Genuine Labs, a development team involved in the Terra Luna Classic blockchain, submitted a proposal for a v.3.0.1 update which was approved with 100% “Yes” votes. These changes will improve network performance and operations.
Price MON today it is $0.0001126, representing a decrease of 0.6% over the last 24 hours and an increase of 6.6% over the last 7 days. LUNC breakouts have been explosive in the past, posting gains of over 2X and sometimes even 4X. In a bull market scenario, the gains could be much greater.
There are some key resistance points on the way up, but with the strength of the bull run, these should not be a problem. The market sentiment around LUNC is that the project is oversold with great upside potential. In the crypto space, community is everything and no one is stronger than the LUNC community.
3. Algorand (ALGO)
Algorand is one of the most prominent layer-1 blockchains that has managed to solve the blockchain trilemma. The development team mainly focuses on more construction and less marketing, making the project’s fundamentals stronger than most cryptocurrencies. Algorand price it reached a high of $2.82 in the previous bull cycle and fell to a low of $0.082. The price action of ALGO has formed a nice rounded bottom in 2023, signaling a turnaround.
The general resistance points for ALGO are the $0.50 level and the $2.00 level. The previous high price may offer some resistance, but not much. After that, the asset will be in price discovery mode. Algorithm developers continue to expand their projects by building a strong technology stack. Algorand is one of the ISO20022 coins compliant with a new messaging technology model that will be adopted by banks in the coming months.
4. OndoFinanza (ONDO)
Ondo Finance is one of the most promising Real World Asset (RWA) crypto projects in the industry. The news that Blackrock would use the platform to tokenize its assets immediately catapulted the project into the spotlight. ONDO’s price has surged over the past week after a whale purchased $5.7 million in tokens, also doubling the number of holders.
Since ONDO was launched, the price has increased exponentially. In just 5 months, ONDO gained 533% in value. The asset reached an all-time high price of $1.33 on May 26, 2024, signaling the strength of its fundamentals and positive market sentiment.
THE WORLD price today it is $1.21, representing a 6.7% decrease over the last 24 hours and a 29.4% increase over the last 7 days. The asset is in discovery mode and the RWA industry is just getting started. This is one of the best times to put in an asset like this and turn $1,000 into $35,000.
5. Cardan (ADA)
Cardano benefits from the leadership of Charles Hoskinson, co-founder of Ethereum, providing a solid foundation for the development of the project. Cardano’s focus on creating a secure and scalable blockchain has attracted interest from various sectors, including governments, institutions and enterprises, leading to an increase in adoption and use cases. This, along with upcoming developments, positions it as a cryptocurrency with significant potential to reach new heights in the future and a likely 3500% cryptocurrency investment.
ADA pricing It is currently trading below the 50-day and 200-day SMAs, with the bulls trying to break out of them. The asset has been in a bit of a consolidation over the past couple of months. The support is strong and the bulls can use it to break the resistance at $0.5038.
The ADA RSI(14) is at the 45 level and is in an uptrend. The indicator still has some room to move before reaching the overbought zone, giving investors an opportunity to buy before the rally.
On the way up, ADA investors can expect to encounter key resistance levels at $0.67 and $0.81 before flying towards previous all-time highs.
Bottom line
Volatility in the cryptocurrency market can be both your friend and your enemy if not exploited correctly. To get a 3500% return on cryptocurrency investment, you need to have invested upfront and to achieve this, thorough research is essential. These five coins could give you an edge if you want to turn $1000 into $35,000.
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