Altcoin
3 Altcoins that “fly” with a bull run potential of 50X-100X
The altcoin market has the potential to make the next bull run historic. For this reason, investors need to be intentional with the altcoins they add to their cryptocurrency portfolios in 2024. Bitcoin and some selected tokens have undergone a mini bull run in the first half of the year, some selected altcoins that “fly” in the coming months could change the fortunes of many investors in the market.
Another rise in the price of Bitcoin would have a significant impact on altcoins such as XRP, DOGE and Notcoin. As FOMO spreads through the market improving market sentiment, this will result in euphoria before the boom.
The altcoin season, which describes a period in which altcoins sustain major rallies, could send these coins soaring with a potential of 50x-100x.
Investors will begin to see altcoin market caps swell to unprecedented levels, ending with a classic local high ahead of the next cryptocurrency winter. It is essential to time these breakouts and highs to buy when prices are low and sell at highs, creating value and avoiding bull traps.
With the Federal Reserve scheduled to hold its FOMC meeting on June 12, market watchers expect increased volatility this week. Likewise, the Powered could hint at the first interest rate cut that could mark the start of a major rally in the stock and crypto markets.
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Altcoin to fly – Notcoin
Over the past month, the Notcoin coin has seen a rise of more than 28%, reflecting increased investor confidence and a positive market outlook. The NOT coin, trading in a range between $0.0175 and $0.2, has shown significant volatility over the past week.
Notcoin’s recent surge follows an announcement detailing significant user adoption and new incentives for engagement.
Notcoin Price Chart
Notcoin demonstrates strong upward momentum, indicating a possible entry into a bullish phase. If this trend persists, NOT it may break above the $0.019 resistance level. This trajectory could push its value towards the $0.05 mark, eventually reaching $0.1 in the near future.
On the contrary, if the market sentiment turns negative, Notcoin’s value could find support around $0.018. A prolonged decline could see the price drop to around $0.017, underscoring the cryptocurrency market’s inherent volatility.
Daily technical indicators for Notcoin reveal mixed market sentiment. The Relative Strength Index (RSI) is 42.68, indicating a relatively neutral position, neither overbought nor oversold.
2. Dogecoin (DOGE)
Dogecoin price has been trending sideways lately, with bulls and bears fighting for control. Despite occasional spikes and dips, the price remained within a narrow range, reflecting market indecision.
Over the past week, DOGE has fallen by more than 10%, indicating bearish sentiment among investors. The meme coin traded in a range of $0.14 to $016, reflecting increased market volatility. Most meme coins also trended sideways, with minor fluctuations failing to break above significant resistance levels.
Dogecoin price chart
With the current sideways market, Dogecoin is closely watching critical price levels. Self DOGE breaks above $0.15, it may face significant resistance at $0.20. Breaking free from its long-standing business model would be a key milestone. Holding above this level could set the stage for Dogecoin to target more ambitious resistance at $1.
3.XRP
XRP price fluctuated above $0.5 during the US session on Monday. It increased in value by 1.4% in the last hour maintaining a 1.8% increase in 24 hours, CoinGecko the data shows.
The cryptocurrency community eagerly awaits the decision on the ongoing lawsuit between Ripple and the SEC. Meanwhile, it has been widely reported that the regulator may consider and prepare to appeal the rulings.
XRP Price Prediction | Tradingview
Brad Garlinghouse, CEO of Ripple, expressed optimism for a spot XRP ETF, saying the direction is inevitable. However, this will largely depend on the direction the case takes in 2024 and its consequences in 2025.
At the same time, uncertainty may remain after the case is resolved as the SEC is likely to appeal the July ruling on XRP secondary sales.
XRP fell below $0.5 on Friday, before pausing above the $0.49 level. There has since been a rebound which has regained ground above $0.5 to trade at $0.05 at the time of writing.
The 20-day exponential moving average (EMA) provides immediate support at $0.5116 XRP Price forms the second consecutive green four-hour candle.
Based on the Relative Strength Index, which is currently holding at 51 since last week’s drop into the oversold region, XRP shows potential to shape the uptrend to $0.6.
Traders would be willing to place more buy orders above the neck resistance area of the double-bottom pattern to capitalize on a potential move to $0.6. If this breakout materializes, XRP price could trigger FOMO by supporting a larger move towards $1.
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