Crypto Moonshot! 4 Expert-Picked Altcoins To Buy To Turn $800 Into $16,000
Bitcoin price tapped $70,000 on Monday after a week of sideways doldrums. As the hype around the approval of Ethereum ETFs cooled, so did the rally. BTC price retested $67,000 support while Ethereum bounded off $3,700 to trade at $67,300 and $3,830, respectively. Amidst the mundane trading action, investors can still identify key opportunities to maximize their returns in the bull market of 2024. Hence, the need to draw attention to key expert-picked altcoins to buy like Notcoin (NOT), Pepe, BOME, and Kaspa.
1. Altcoins To Buy – Notcoin (NOT)
Notcoin price was hovering around $0.02143 during American trading hours on Monday, a 2oo% increase in the last seven days. 90% of CoinGecko users are bullish on Notcoin with a measly 10% on the other end of the spectrum.
Based on the current technical outlook, Notcoin price is trending far above the 50-day and 200-day simple moving averages (SMA), a bullish indicator for investors. In the meantime, the price has retraced to the 0.5 Fibonacci retracement level, which coincides with $0.021. This key retracement level often provides support for assets in price discovery mode.
A bounce from here could see NOT price touch the 0.27 Fibonacci extension level around $0.034. From that point, the price action would be 7% shy of the previous all-time high price.
NOT price has been ripping the charts apart as the Tap-to-Earn meme coin rises through the top 100 ranks. As of press time, NOT is ranked 58 on CoinGecko, rising 42 positions in the past 7 days. On the way up, NOT may experience some resistance around $0.032, $0.043 and $0.057.
2. Pepe (PEPE)
The meme coin Pepe has seen a strong surge of 99% over the past month, driven by increased investor interest and a series of positive market trends. This surge resulted in significant gains, with Pepe hitting an all-time high of $0.00001718 on May 27th. This rally has been fueled by a surge of other meme coins, favorable market conditions, and heightened speculation among traders.
The overall sentiment among investors remains cautiously optimistic as the broader cryptocurrency market continues to exhibit signs of strength and recovery.
Meanwhile, the most crucial resistance level for Pepe stands at $0.000016. Breaking past this point could drive its value to $0.000019. Sustained upward momentum might push Pepe price to $0.00003 by June’s end. If bullish pressure increases, the meme coin could reach $0.00005 in the next bullish phase.
3. Book of Meme
Along with most of the major altcoins, the BOME price showcased a healthy retracement as per the Fibonacci retracement level. As the Solana-based memes rebounded from the 38.2% FIB, the price jumped 1.4% to currently trade at $0.013. Will the Book of Meme price surpass $0.02 in June?
However, amid the broader market consolidation, the BOME price reverted from the new high of $0.016 last week. The bearish turnaround plunged the asset by 20% to hit a low of $0.0127.
With the sideways action intact, this meme coin price is poised to hit an ascending support trendline intact since April’s second week. The dynamic support is displaying the current recovery momentum and indicates the buyers continue to accumulate this asset at market dips.
This support could renew the exhausted demand pressure and bolster buyers to rechallenge the $0.016 high. With sustained buying, the BOOK OF MEME price could target a potential target of $0.0186, followed by $0.0248.
4. Altcoins To Buy Kaspa (KAS)
Kaspa (KAS) is a cryptocurrency project focused on delivering a high-performance, scalable, and secure blockchain platform. Kaspa’s standout feature is its use of the GhostDAG protocol, which allows for faster block times and higher transaction throughput compared to traditional blockchains.
Since the beginning of May, the KAS coin has experienced a significant recovery, with its price rising from $0.10 to $0.149, marking a 48% increase. Additionally, its market cap has surged to $3.552 billion.
A potential breakout from this barrier will signal a major change in trend reversal bolstering buyers to chase potential targets at $0.19, followed by $0.22.
Bottom Line
The ardent investor in the crypto market knows that the toughest uphill battle to achieving success is identifying the altcoins to buy and seeking exposure at the right time. Sometimes, this would imply buying on a downtrend and near the bottom. Other times, investors need to jump on the ship before it sails. For instance, those who bought NOT and GME before they broke out are handsomely in profit.
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