Altcoins

3 Altcoins to “Fly” with 50-100x Bull Run Potential

Published

8 months ago

10 June, 2024

4 Top Altcoins Set For 100X Gains In June 2024

The altcoin market has the potential to make the next bull run a historic one. For this reason, investors should be intentional with which altcoins they add to their crypto portfolios in 2024. Bitcoin and some tokens experienced a mini bull run in the first half of the year, some altcoins that will “fly” over the next few months could change the fortunes of many investors in the market.

Another Bitcoin price breakout would significantly impact altcoins like XRP, DOGE, and Notcoin. As FOMO spreads through the market, thereby improving market sentiment, it will lead to euphoria ahead of the peak.

Altcoin season, which describes a period in which altcoins support major rallies, could send these coins flying with a potential of 50-100x.

Investors will begin to see altcoin market caps reach unprecedented levels, ending with a classic local high ahead of the upcoming crypto winter. Timing these breakouts and tops is critical to buying when prices are low and selling high, creating value and avoiding bull traps.

With the Federal Reserve expected to hold the FOMC meeting starting June 12, market observers expect increased volatility this week. Likewise, the fed could hint at the first interest rate cut that could mark the start of a major rally in the stock and crypto markets.

Altcoins to steal – Notcoin

Over the past month, Notcoin has seen an increase of over 28%, reflecting increased investor confidence and a positive market outlook. Trading in a range of $0.0175 to $0.2, NOT coin has shown significant volatility over the past week.

Notcoin’s recent surge follows an announcement detailing significant user adoption and new engagement incentives.

altcoins to steal Notcoin Price Chart

Notcoin demonstrates strong bullish momentum, indicating a possible entry into a bullish phase. If this trend persists, NOT could break above the $0.019 resistance level. This trajectory could push its value towards the $0.05 mark, eventually reaching $0.1 in the foreseeable future.

Conversely, if market sentiment turns negative, Notcoin value could find support around $0.018. A prolonged downturn could see the price drop to around $0.017, highlighting the volatility inherent in the cryptocurrency market.

Notcoin’s daily technical indicators 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 rises and falls, the price remained in a narrow range, reflecting market indecision.

Over the past week, DOGE has declined by more than 10%, indicating bearish sentiment among investors. The meme coin is trading in a range of $0.14 to $0.16, reflecting increased market volatility. Most meme coins have also been trending sideways, with minor fluctuations failing to break through significant resistance levels.

altcoins to steal Dogecoin Price Chart

With the current sideways market, Dogecoin is closely monitoring critical price levels. If DOGE exceeds $0.15, it may encounter significant resistance at $0.20. Breaking free from its long-standing business model would be a key step. Holding above this level could pave the way for Dogecoin to target more ambitious resistance at $1.

3.XRP

XRP price hovered above $0.5 during the US session on Monday. Its value increased by 1.4% in the last hour while maintaining an increase of 1.8% in 24 hours, CoinGecko the data shows.

The cryptocurrency community is eagerly awaiting the decision on the ongoing Ripple vs. SEC lawsuit. Meanwhile, it has been widely reported that the regulator may consider and prepare to appeal the decisions.

XRP Price Prediction | Commercial view XRP Price Prediction | Commercial view

Brad Garlinghouse, CEO of Ripple, expressed optimism about a spot XRP ETF, saying this direction is inevitable. However, this will largely depend on the direction the trial takes in 2024 and its consequences in 2025.

At the same time, uncertainty could persist once the case is decided, as the SEC will likely appeal the July ruling on XRP secondary sales.

XRP dipped below $0.5 on Friday but stalled above the $0.49 level. Since then, a rebound has occurred and 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 as XRP Price forms the second consecutive four-hour green candle.

Based on the Relative Strength Index, which is currently holding at 51 since last week’s drop into the oversold region, XRP shows the potential to shape the uptrend to $0.6.

Traders would be willing to enter more buy orders above the neck resistance zone of the double bottom pattern to capitalize on a potential move towards $0.6. If this breakout materializes, XRP price could trigger FOMO to support a larger move towards $1.

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