Altcoins

Two Ultimate Altcoins Under $1 to Buy With $500

Published

7 months ago

18 June, 2024

Key Altcoins to Focus on if BTC Reclaims $70,000

The crypto market has lost a lot of value since last week’s downturn, given the cumulative cap at $2.44 trillion, up from $2.8 trillion on June 5. CoinGecko the data shows. Bitcoin Price abandoned a potential rally to $70,000 as a downtrend spread through the market, leaving no stone unturned even when buying altcoins in June.

The largest cryptocurrency now sits below $64,000 amid fears of a continued decline to $63,000. EthereumSolana, XRP, and still others represent technical structures in difficulty. However, two of the best altcoins to buy stand out and promise strong rebounds.

Investors with limited resources may want to focus on these two altcoins to purchase 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 make strong bullish moves.

1. Best Altcoins to Buy: Notcoin

Over the past week, the price of Notcoin has seen a decline of over 4%, indicating a potential trend of bearish sentiment among investors. NOT the price is trading in a downtrend in a range between $0.015 and $0.021.

However, over the past month, the token has remained broadly bullish, with a monthly gain of around 130%.

With the current bear market, Notcoin is showing signs of strong downtrend momentum. If market sentiment changes and increases pressure, Notcoin value could find support at $0.015.

Two Ultimate Altcoins Under $1 to Buy With $500 Notcoin Price Chart

A prolonged downturn could see the price drop to around $0.012, highlighting a more bearish market outlook. If the bearish forces intensify, Notcoin could also fall to $0.01.

However, if the bullish sentiment strengthens, Notcoin could soon enter a bullish phase. Notcoin could break the $0.019 resistance level if the current trend continues. This upward trajectory suggests that its value is approaching the $0.02 mark, and could reach $0.05 in the foreseeable future.

The relative strength index (RSI), currently at 27, has dipped into the oversold zone, suggesting that the asset may be undervalued at its current price or that continued selling has caused the price to fall excessively .

2. ZkSync (ZK)

Over the past week, zkSync’s price has declined by approximately 23%, causing its trading range to fluctuate between a low of $0.19 and a high of $0.3. This drop is part of a larger trend that has affected zkSync prices over the past 30 days, with a 22% drop.

Two Ultimate Altcoins Under $1 to Buy With $500 ZkSync Price Chart

zkSync experienced a slowdown after its recent listing on Binance. This development follows significant criticism from investors regarding its ZK Token Airdrop. Binance recently launched a token distribution program to address community concerns. Despite these efforts, the value of Z.K. 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. Conversely, trading volume jumped 98%, totaling $96.47 billion. ZkSync’s ZK token emerged as the most trending and falling token of the day. crypto.

With the current downward trend ZK Price intensifying, the cryptocurrency may soon reach the $0.21 support level. If the decline persists, zkSync’s valuation could decline to $0.2, indicating a crucial change in market sentiment. Additional pressure from sellers could push the price down to $0.1 in the near term.

Conversely, a resurgence of bullish momentum could propel zkSync back to the $0.25 mark. If buyers continue to dominate, ZK price could surpass $0.4 and reach $0.5 in the next bullish wave. Such moves highlight the high volatility and dynamic conditions of the zkSync market.

Final Thoughts on Altcoins to Buy in June

Which altcoins to buy are not easy to decipher. However, with accurate analysis and well-timed entries, investors can take advantage of heavily discounted prices. New digital assets like Notcoin and ZkSync could grow small crypto wallets in 2024, supported by the potential bull market. Investors should thoroughly research these and other altcoins to purchase in order to maximize returns in the coming months.

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