Do you have $1,000? 2 Unstoppable Altcoins to Buy Without Hesitation

Bull periods are periods that bring joy to all investors in the cryptocurrency market. However, for those who have a limited budget, it may be difficult to choose which altcoins to buy to maximize profit.

However, we at CoinGape are committed to helping investors boost their investment journeys by pointing them in the right direction. From the underrated best Powered by artificial intelligence crypto projects, meme coins and level 1 projects to the Solana ecosystem, there is something for everyone in the cryptocurrency industry.

That said, for investors with just $1,000 set aside and aiming for a 5 to 10x profit, it would be advisable to narrow down your choice to altcoins supported by solid technologies, essential services and vibrant communities.

Two altcoins to buy fall into this category in June, including Ethena (ENA) and Notcoin (NOT). Although launched this year, both of these tokens boast strong community support amid their vastly expanding ecosystems.

1. Ethena (ENA)

Second CoinMarketCap dataThe current market cap is around $850 million. The 24-hour trading volume for Ethena is reported to be $64 million, reflecting a 12% decline from the previous period. This metric indicates the overall activity and liquidity of the token in the market.

Graphic by Ethena pice

Meanwhile, Ethena has recently shown a bearish trend, with its value dropping below the crucial $0.63 mark, signaling a bearish phase. Recent price fluctuations among major alternative coins reflect mixed market sentiments.

There is a clear tug-of-war between bearish and bullish forces, with bearish forces currently dominating. This is underlined by a notable decline in the value of ENA. Over the past week and month, ENA has fallen by 11% and 38% respectively, highlighting the bearish trend affecting the cryptocurrency market.

Ethena is currently experiencing a downtrend. If market strength remains insufficient, its value could weaken further. The cryptocurrency may drop to its support level of around $0.56. Persistent bearish pressure could deepen the decline, potentially dropping to a lower support level near $0.5 in the near future.

On the other hand, if the bulls can break above the resistance of $0.57, a bullish momentum is likely. This surge could push Ethena to test a significant resistance at $1. With continued bullish pressure, Ethena price could rise to $2 in the next rally.

2. Notcoin (NOT)

Not money is making great strides in the cryptocurrency, recently surpassing the critical value threshold of $0.01543. This price surge is turning heads, especially with the potential for further growth alongside Bitcoin’s upward trajectory.

Notably, Notcoin reached an all-time high of $0.02896 on June 2, 2024, after hitting an all-time low of $0.004605 just a few days earlier on May 24, 2024.

Notcoin Price Chart

If the uptrend continues, Notcoin Price it may soon challenge its resistance level, currently set at $0.016. The rise of this digital currency could push its value to $0.05, potentially reaching $1 by the end of the month.

Conversely, a decline in market sentiment could force Notcoin to retreat to a support level around $0.015. If this negative trend persists, the price could drop to around $0.014, signaling a bearish phase for the currency.

Bottom line

This could be the best way to invest in these 2 altcoins: Ethena and Notcoin, considering that they are heavily discounted compared to all-time highs. However, due diligence must be applied as the cryptocurrency market tends to be volatile.

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