Altcoin
Top 2 Altcoins to Buy Along with Solana for 10,000% Gains in 2024
The raid Bitcoin price above $70,000 on Wednesday shows how excited investors are about the bull run in 2024. Buy altcoins like Solana rallied alongside BTC in the first quarter in the mini bull run, supported by the approval of Bitcoin ETFs in January. The rise in cryptocurrency prices cooled significantly in April and May, characterized by increased volatility linked to rising inflation, regulations and geopolitical tensions.
According to Bitcoin data, Bitcoin plummeted to $56,500 from an all-time high of $73,837. CoinGecko. Solana was also not spared from the volatility of April and May, plummeting from a yearly high of $207 to $120.
Solana has since recovered above $170, but fluctuated below the resistance at $180. Investors looking to gain more than 100x profit in their portfolios should diversify with other altcoins to buy, including the newly launched Notcoin (NOT) and Floki, a major meme coin.
1. Altcoins to buy – Notcoin (NOT)
Notcoin has sustained a 120% increase in value over the past seven days, but the past 24 hours have been sharply bearish, with declines reaching 12% during U.S. business hours on Wednesday.
Before the correction, NOT had risen to a new all-time high of $0.02836. Investors who purchased the tap-to-earn viral meme coin at an all-time low of $0.004611 have gained over 300% on their initial investment.
Now, Not money it has an uphill battle to prove to investors that it can maintain its value. This will attract the interest of traders who are likely to bet on the next breakout towards a new all-time high.
However, the path of least resistance is heavily tilted to the downside, especially with the price NOT falling below the blue 20-day exponential moving average (EMA). Supporting the bearish outlook is a vivid sell signal from the Moving Average Convergence Divergence (MACD) indicator.
Notcoin Price Prediction Chart | Tradingview
Various key levels could play a role in the direction Notcoin price takes this week. A bounce from the 38.2% Fibonacci retracement level could quickly renew interest in the token and support a recovery to the peak and subsequently a new all-time high above $0.03.
2. Floki (FLOKI)
Floki has achieved a significant breakthrough after being overshadowed by other meme coins. Its solid technical structure has instilled confidence among investors, resulting in a remarkable performance. Floki has rallied 13% over the past week, riding the memecoin craze to hit an all-time high of $0.0003462 on May 5.
Floki Price Chart | Tradingview
If FLOKI breaks out above $0.00033, it could face significant resistance at $0.00039, potentially breaking its long-standing pattern. Holding above this level could allow FLOKI to target higher resistance at $0.0004, and if the bullish momentum continues, it could reach $0.0005.
Conversely, if FLOKI price falls below $0.00032, it may fall to the descending support trend line at $0.00031. A bear market could push FLOKI lower, targeting a $0.0003 support level.
Take away
Solana’s positive momentum is driven by increased network activity and high developer retention rates. Also, a surge Solana meme coins contributes to this bullish trend, signaling further growth for the altcoin.
If the bulls manage to push the price above the $180 resistance level, it could pave the way for further gains. Overcoming this barrier could drive SOL towards the next key resistance at $190.
Sustaining this upward trajectory could lead to an ambitious attempt to break the $200 mark. If bullish pressure increases further, the altcoin could target $250 as its next target.
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