Altcoins
Top 3 Altcoins That Will Turn $1 Into $10 By The End Of May
With the bearish influence growing on the market, Bitcoin’s 14% decline in April continues this month. Some altcoins are preparing for a bullish takeoff as BTC price struggles to reach the psychological milestone of $60,000.
Poised to swim against the bearish tide in the broader market, these altcoins could explode this month to unprecedented new levels. Furthermore, will a Bitcoin bullish reversal fuel the rally in these altcoins or increase supply as BTC prices fall below $60,000?
Top 3 Altcoin Bets for 10x Profit by the End of May
Veil (VEIL)
Velo Labs is revolutionizing financial transactions with its innovative federated credit exchange network powered by the Velo protocol. It facilitates borderless digital credit issuance and asset transfers through a robust smart contract system.
Using the Stellar Consensus Protocol for fast and secure transactions, Velo Labs is quite versatile. It supports a wide range of business applications, key among which is the ability to issue digital credits backed by collateral tied to any fiat currency. This helps improve transparency and efficiency in value exchanges.
With a market capitalization of approximately $186.7 million, VELO ranks 290th in the cryptocurrency market.
The recent bullish trend reversal in the price of the VELO token puts it on the radar of many investors looking for undervalued small-cap altcoins. With an increase of over 300% in the last six weeks, the altcoin’s bull run is interesting and expected to trend stronger this month.
With an all-time high of $2.07 and the current market price of just $0.0251, the upside potential is huge for Velo. If the bull run continues in the market, the altcoin could easily grow more than 10x in 2024.
LevaFi (Leverage)
LeverFi offers an innovative platform that seamlessly combines trading and yield farming, allowing traders to leverage their investments more effectively. Users can deposit various types of collateral, including Bitcoin, Ethereum, and liquidity provider tokens from Curve and Uniswap, to unify and trade on a larger scale.
LeverFi improves trading efficiency with a simple fee structure, charging just 1% per trade.
LEVER token price shows a turnaround rally in 2024, reaching nearly 200% and offers a breakout entry opportunity. As it crosses the $0.003750 resistance zone, the altcoin is poised for a huge jump this week.
If the bull run continues in the Bitcoin or DeFi sector, the altcoin could surge 10x in May.
Main road (HIGH)
HIGH Token is the backbone of Highstreet, a money-making gaming metaverse that combines decentralized commerce with virtual reality support. Furthermore, this ecosystem allows for seamless currency exchange between the physical and virtual worlds. It offers a unique marketplace where in-game items have in-game value and can be redeemed for real-world products.
As players explore the metaverse, they acquire items that transcend digital boundaries, enhancing their virtual and physical experiences.
HIGH has a market capitalization of $230.3 million, ranking 258th globally. Furthermore, the HIGH price action reflects an all-time high of $40.26, marking a discount of 88.65%, as it is currently trading at $4.57.
Furthermore, the altcoin has significantly increased by over 100% in the last four weeks. Therefore, with bullish momentum increasing for the altcoin, buyers could experience a huge leap this month.