The crypto market shed has shed a lot of value since the downturn last week, considering the cumulative cap at $2.44 trillion from $2.8 trillion on June 5, CoinGecko data shows. Bitcoin price abandoned a potential rally to $70,000, as a bearish trend moved across the market leaving no stone unturned even for altcoins to
The post Two Ultimate Budget Altcoins To Buy For $500 appeared first on CoinGape.
The crypto market shed has shed a lot of value since the downturn last week, considering the cumulative cap at $2.44 trillion from $2.8 trillion on June 5, CoinGecko data shows. Bitcoin price abandoned a potential rally to $70,000, as a bearish trend moved across the market leaving no stone unturned even for altcoins to buy in June.
The largest crypto now holds below $64,000 amid fears of a continued drop to $63,000. Ethereum, Solana, XRP, and more depict distressed technical structures. However, two top altcoins to buy stand out promising strong rebounds.
Investors with limited resources may want to focus on these two altcoins to buy for a $500 investment. In addition to offering significant discounts from their all-time highs, tokens like Notcoin (NOT) and ZkSync (ZK) show potential to make strong bullish upswings.
1. Top Altcoins To Buy: Notcoin
Over the past week, Notcoin price has seen a decrease of more than 4% indicating a potential trend of bearish sentiment among investors. NOT price has been trading in a downtrend with a range bound of $0.015 to $0.021.
However, over the past month, the token has remained upward overall, with a monthly gain of approximately 130%.
With the current bearish market, Notcoin shows signs of strong downtrend momentum. If market sentiment shifts and increases pressure, Notcoin’s value might find support at $0.015.
A prolonged downturn could see the price decline to approximately $0.012, highlighting a more bearish market outlook. If bearish forces intensify, Notcoin may also drop to $0.01.
However, if bullish sentiment strengthens, Notcoin might enter a bullish phase soon. Notcoin could break through the $0.019 resistance level if the current trend continues. This upward trajectory suggests its value is nearing the $0.02 mark, potentially reaching $0.05 in the foreseeable future.
The Relative Strength Index (RSI), currently at 27, has dipped into the oversold territory, suggesting that the asset might be undervalued at its current price or that a continued sell-off has excessively driven the price down.
2. ZkSync (ZK)
Over the past week, the price of zkSync has decreased by approximately 23%, fluctuating its trading range between a low of $0.19 and a high of $0.3. This decline is part of a broader trend that has affected zkSync prices over the last 30 days, with a dip of 22%.
zkSync has experienced a downturn after its recent introduction on Binance. This development followed significant criticisms from investors regarding its initial ZK token airdrop. Binance has recently launched a token distribution program to address community concerns. Despite these efforts, the value of the ZK token has declined since its debut.
As of Tuesday, 18th June 2024, the overall cryptocurrency market saw a slight decrease of 1.37%, bringing the market cap to $2.37 trillion. Conversely, trading volume surged by 98%, totaling $96.47 billion. ZkSync’s ZK token emerged as the day’s most trending and biggest declining crypto.
With the current bearish trend in ZK price intensifying, the cryptocurrency might soon touch the support level of $0.21. If the decline persists, zkSync’s valuation could decrease to $0.2, indicating a pivotal shift in market sentiment. Further pressure from sellers might push the price down to the $0.1 mark in the short term.
Conversely, a resurgence in bullish momentum could propel zkSync back to the $0.25 mark. If buyers continue to dominate, ZK price could surge past $0.4 and reach $0.5 during the next bullish wave. Such movements underscore the high volatility and dynamic conditions of the zkSync market.
Final Thoughts On Altcoins To Buy In June
The altcoins to buy dip is not an easy one to crack. However, with accurate analysis and properly timed entries, investors can tap into the heavily discounted prices. Newer digital assets like Notcoin and ZkSync could grow small crypto portfolios in 2024 bolstered by the potential bull market. Investors should carry out extensive research on these and more altcoins to buy to maximize returns in upcoming months.
The post Two Ultimate Budget Altcoins To Buy For $500 appeared first on CoinGape.
