Altcoin
Two Ultimate Altcoins under $1 to buy with $500
The cryptocurrency market has lost a lot of value after last week’s decline, considering the cumulative limit of $2.44 trillion compared to $2.8 trillion on June 5. CoinGecko the data shows. Bitcoin price abandoned a potential rally to $70,000 as a bearish trend moved through the market leaving no stone unturned for buying altcoins in June either.
The largest cryptocurrency now holds below $64,000 amid fears of a continued decline to $63,000. EthereumSolana, XRP, and others depict technical structures in difficulty. However, two of the top altcoins to buy stand out and promise strong rebounds.
Investors with limited resources may want to focus on these two altcoins to purchase for a $500 investment. In addition to offering significant discounts from their all-time highs, tokens like Notcoin (NOT) and ZkSync (ZK) show the potential to realize strong upsides bullish.
1. Best Altcoins to buy: Notcoin
Over the past week, Notcoin price has seen a decline of more than 4%, indicating a potential trend of bearish sentiment among investors. NOT price it was trading in a downtrend with a range between $0.015 and $0.021.
However, over the past month, the token has remained bullish overall, with a monthly gain of around 130%.
With the current bear market, Notcoin is showing signs of strong downside momentum. If market sentiment changes and increases pressure, Notcoin value could find support at $0.015.
Notcoin Price Chart
A prolonged decline could see the price drop to around $0.012, highlighting a more bearish market outlook. If bearish forces intensify, Notcoin could even drop to $0.01.
However, if the bullish sentiment strengthens, Notcoin could soon enter a bullish phase. Notcoin could break above the $0.019 resistance level if the current trend continues. This upward trajectory suggests that its value is approaching the $0.02 mark, potentially reaching $0.05 in the near future.
The Relative Strength Index (RSI), currently at 27, has fallen into oversold territory, suggesting that the asset may be undervalued at its current price or that a continued sell-off has pushed the price down too much.
2. ZkSync (ZK)
Over the past week, the price of zkSync has declined by approximately 23%, oscillating in its trading range between a low of $0.19 and a high of $0.3. This decline is part of a larger trend affecting zkSync prices over the past 30 days, with a decline of 22%.
ZkSync Price Chart
zkSync has suffered a decline following its recent introduction on Binance. This development followed significant criticism from investors regarding its initial ZK Token Launch
. Binance recently launched a token distribution program to address community concerns. Despite these efforts, the value of the ZK the token has declined since its debut.
As of Tuesday, June 18, 2024, the overall cryptocurrency market saw a slight decline of 1.37%, bringing the market capitalization to $2.37 trillion. In contrast, trading volume increased by 98%, totaling $96.47 billion. ZkSync’s ZK token emerged as the most trending and biggest falling token of the day cryptocurrency.
With the current downtrend underway Price ZK intensifying, the cryptocurrency may soon touch the $0.21 support level. If the decline persists, zkSync’s valuation could fall to $0.2, indicating a fundamental shift in market sentiment. Further pressure from sellers could push the price down to the $0.1 level in the near term.
Conversely, a resumption of bullish momentum could bring zkSync back to the $0.25 level. If buyers continue to dominate, ZK price could break above $0.4 and reach $0.5 during the next bull wave. Such movements highlight the high volatility and dynamic conditions of the zkSync market.
Final thoughts on Altcoins to buy in June
Altcoins to buy dip are not easy to crack. However, with careful analysis and timely signups, investors can take advantage of the deeply discounted prices. Newer digital assets like Notcoin and ZkSync could grow small cryptocurrency portfolios in 2024, supported by the potential bull market. Investors should conduct thorough research on these and other altcoins to purchase to maximize returns in the coming months.
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