Altcoins
Top 5 altcoins to buy if aiming for a 2X recovery this week
Investors are scouring the markets for altcoins to purchase Bitcoin price Volatility caused an overall market downturn last week. While markets struggle to contain losses, some altcoins are showing signs of recovery. Here are five altcoins to buy that 100% rally this week.
1. Altcoins to buy – Notcoin (NOT)
Notcoin, a community-driven play-to-earn token that integrated users onto web3 via Telegram, launched in mid-May and immediately experienced substantial trading volumes and significant market volatility. With a valuation of $1.6 billion, Notcoin has maintained a positive price trajectory despite the broader cryptocurrency market downturn.
Second Token terminalUSDT supply on the TON blockchain has surpassed $580 million, indicating a surge in the chain’s activity. Digital Delphia market analytics firm, also noted that TON’s active addresses now outnumber those of Ethereummaking it one of the best altcoins to buy now.
As the pioneering “play-to-earn” project on this network, Notcoin will benefit from the increased liquidity. Currently, NOT is trading at around $0.0158, a 3% increase in 24-hour trading volume.
2. JasmyCoin (JASMY)
JasmyCoin’s performance was also affected BTC volatility. The Japan-based project allows users to have full ownership of their personal data and even get paid for sharing it. Jasmy.
JAMSY’s technicals are bullish to say the least. After the initial boost triggered by rumors that the project was associated with Apple, the JASMY coin found great support at the 0.5 Fibonacci retracement level. Bulls are now using this support level as a rebound point and the target is 2X the current price.
JASMY price is trading around $0.0338, up 0.4% in 24-hour trading volume. This is one of the altcoins to buy for 100% gains this week.
3. Shiba Inu (SHIB)
THE Dogemoneta The “killer” received some bullish news this week. Although the current state of the overall market threatens to undermine the hype, cryptocurrency experts believe that the dog-themed coin could soon bounce back.
Furthermore, the news of the increase in consumption rates of the SHIB token further fuels a bullish turn for the project. Shiba Inu it is the first meme coin ever to transition from a token to its own blockchain. Aside from the promising technical aspects, the adoption rate of SHIB in real-world use cases is increasing.
On June 13, DevourGO, a web-based food ordering and delivery marketplace, announced its acceptance of SHIB in a
Daily shib, the official newsletter of Shib Network, reports an average drop in commissions on the Shibarium chain of 61%. Additionally, the number of active deals and verified active deals on the chain reached an all-time high, showing organic growth.
THE SHIB price hovered around $0.0000181 during European business hours, with 24-hour trading volume up 148% for CoinGecko.
4. DOG•GO•TO• THE MOON (Rune) (DOG)
DOG•GO•TO•THE•MOON (Runes) is one of the coolest meme coins created since Shiba Inu. The project represents the first meme coins on the Bitcoin net. DOG•GO•TO•THE•MOON (Runes) is a rune engraved and minted on the Runes protocol built on the Bitcoin blockchain.
DOG, the main token of DOG•GO•TO•THE•MOON (Runes), has a market capitalization of $613 million with a price of $0.006089. Trading volume in DOG•GO•TO•THE•MOON (Rune) has increased 45% in the past 24 hours, signaling increased investor interest.
Riding the narrative of “The #1 meme coin on the largest blockchain,” DOG aims to cross the billion-dollar mark and set a pace for the new launch of the Runes meme coin on Bitcoin.
5. Altcoin to buy – Pepe (PEPE)
Pepe, one of the largest meme coins by market cap, is gearing up for another rally just days after cooling off the previous one which saw it hit a new all-time high price. The asset’s 24-hour trading volume increased 75.2% to reach $1 billion, indicating a recent increase in market activity.
PEPE Social Dominance | Source: Santimento
Despite the decline in social dominance for Most HolyPEPE investors remain optimistic about the asset. Data from Coinalyze, an on-chain analytics firm, shows that Pepe Open Interest volume increased by 11.23% to $67 million over the past 7 hours, indicating that money is flowing back into the meme coin.
At the time of writing, PEPE price is $0.00001071, which means a decline of 10.1% over the past week, including a decline of 8.5% over the past 24 hours.
Conclusion
Like the rest of the market, these altcoins have seen a sharp drop in price over the past week. If you are looking to buy altcoins Poised for attractive returns this week, these coins offer the best opportunity based on their fundamental and technical indicators.
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