Altcoin
Which Altcoins can give better returns than Bitcoin in June 2024?
During this difficult phase of the cryptocurrency market, many investors continue to look for investment opportunities that could surpass even Bitcoin, its dominant leader. While it’s true that early adopters of cryptocurrency leader BTC have made a lot of money, there are many altcoins struggling for profitability in the ever-evolving digital asset space.
As of June 2024, three contenders are gaining popularity among both experienced traders and beginners: Notcoin, FLOKI and the long-awaited Algotech project.
Notcoin Price Prediction: $0.035 by the end of June 2024
Cryptocurrencies have seen their fair share of mind-boggling price increases, and Notcoin (NOT) has joined the list of these major successes. Notcoin fell 25% after rising an impressive 3,500%, leaving investors wondering what to expect next. However, technical analysis points to the fact that Notcoin may simply be taking a breather before regaining its upward momentum.
The formation of bullish pennants along with the Relative Strength Index (RSI) holding around average levels and the Moving Average Convergence Divergence (MACD) which is on the verge of bullish crossover paint a positive picture for Notcoin’s future price action. Furthermore, recent trades have shown huge compression in volumes, implying that huge trading activity could come into play in the coming days.
According to experts, Notcoin tokens could reach $0.03 in the initial phase and then reach the historical peak of $0.035 by June 2024. With a 24-hour trading volume of $844 million and a market capitalization of 1 billion of dollars, ranks 53rd on CoinMarketCap, among other things, these results demonstrate that the cryptocurrency could provide consistent returns.
Floki Inu’s potential return of 39.2% by June 2024
In the ever-growing realm of meme coins, Floki Inu (FLOKI) managed to surpass WIF in terms of market capitalization in the last 24 hours despite the price differences between these two tokens. FLOKI’s price has grown by 50% in a month, which indicates that it is becoming more popular than ever on social media platforms where its social volume continues to grow along with positive weighted sentiments. Furthermore, the growth of the network (amount of new addresses) shows interest from new users.
Cryptocurrency analysts at Changelly kept a close eye on the price movements of FLOKI and estimated that in June 2024 it would have an average price of around $0.000204, the lowest price would be around $0.000197 and the high would be state of approximately $0.000213.
These projections may not be very impressive in themselves, but given that returns of 39.2% could be achieved, FLOKI could be quite attractive to investors looking to get exposure to the meme coin trend.
Record-breaking Algotech presale enters final phase
Algorithmic trading platform Algotechnics (ALGT) made history with its pre-sale surpassing the $6.4 million mark. Investors rushed to take part in the final stage pre-sale as the IPO is imminent for the platform.
The project offers features such as mean reversion, breakout detection, and AI-driven stoploss to enable investors to maximize returns in the market. Additionally, the platform has gained significant attention for its notable investment in H100 GPUs. The $1.2 million investment is expected to improve the platform’s infrastructure and performance.
Analysts call this cryptocurrency the “Dark Horse” of 2024 due to its prospects of rising 1200% to $1 in its next launch. The platform offers the ideal opportunity for investors to become part of the revolutionary movement as an early supporter.
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