Altcoins
Best Altcoins Under $1 to Stack Now for 10x Profits in Q2!
As the price of Bitcoin remains above the $67,000 mark, the cryptocurrency market has seen a significant increase in buying and selling pressure. Additionally, major tokens have successfully broken through their important resistance levels, suggesting dominance 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 below $1 but have huge potential to see up to 10x return growth by the end of the second quarter.
GameStop (GME):
The latest memecoin sensation from the Soalna ecosystem, the GameStop token, made its first appearance in the cryptocurrency market in January 2024. It was created primarily to pay homage to the 2021 short squeeze of GameStop shares.
TradingView: GME/USDT
On the positive side, meemcoin has gained around 100% in the last 24 hours, indicating strong bullish sentiment in the cryptocurrency sector. Furthermore, it has increased by 250% in the last week, highlighting a positive outlook for the altcoin in the near future.
If the bulls continue to gain momentum, GME price will prepare to retest its upper high in the coming weeks. However, the bearish price action could push the price towards the 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. Can apply real-world rules and regulatory requirements. Additionally, it offers permissionless blockchain for permissioned applications.
TradingView: OM/USDT
Its token “OM” in its native currency has already seen an increase of around 1,150% since the beginning of the year, indicating strong bullish sentiment for the altcoin in the cryptocurrency sector. 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, the OM price will prepare to retest its high by crossing the $1 mark soon. Conversely, in case of a bearish market reversal, the Mantra price will plummet towards the crucial support level of $0.6250 in the coming weeks.
AIOZ network (AIOZ):
AIOZ Network (AIOZ) is a DePIN for AI, storage and Web3 streaming and powers a decentralized future with greater security. It also rewards you for sharing your computational resources for transcoding, sorting, and streaming digital media.
TradingView: AIOZ/USDT
AIOZ price suffered repeated rejections at the $0.83950 resistance level, resulting in prices trading in a closed range between $0.68430 and $0.83950. On the upside, the 50-day EMA shows bullish sentiment, highlighting a positive outlook for the AI token in the coming times.
If the bulls manage to break out of the $0.83950 resistance level, 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 plummet towards its crucial support level of $0.5111 this month.
BOOK OF MEMES (BOME):
Billed as an experimental project to redefine Web3 culture, the BOME project is guaranteed to be immortalized on the blockchain. Built on the Solana blockchain, the BOOK OF MEMES BOME serves as the primary archive. Furthermore, it promotes a new dimension of decentralized social media.
TradingView: BOME/USDT
Despite losing a significant value of 58.61% from its all-time high (ATH) of $0.0280, the BOME token continues to trade with a year-to-date (YTD) return of approximately 1,200%. At the time of writing, the BOME memecoin price was $0.011448 with a market capitalization 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 upper resistance level of $0.0132. Conversely, if the bears gain control of the market, it will collapse to test the 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. Furthermore, the enthusiasm for mid- and small-cap tokens has attracted a new group of investors and traders, highlighting positive prospects for the near future.
Note: Investing in mid-cap and small-cap altcoins is risky as it is highly volatile in nature. Make sure you do your research before investing in any digital asset.