In May, two cryptocurrencies have unlimited potential and may help you turn hundreds of dollars into thousands of dollars
Why choose these cryptocurrencies?
When building or rebalancing a cryptocurrency portfolio, it is important to make smart choices. Some investors have a unique vision, while others are less so. But with the right strategy, you can screen out the most promising cryptocurrencies to minimize risk and maximize returns in your portfolio.
Litecoin (LTC): A solid choice
Currently, the price of Litecoin has stabilized around $81, and according to Coingecko data, its 24-hour increase is only 0.1%. Although trading volume has declined, indicating that the market has weakened its interest in it, LTC's market value is still as high as $6.1 billion, ranking 19th in the cryptocurrency rankings.
Technically, Litecoin is currently above the middle track of the Bollinger Bands, indicating that it is in a sideways consolidation phase. However, the narrowing trend of the Bollinger Bands indicates an upcoming breakout, whether it is upward or downward. Generally speaking, the narrower the Bollinger Bands, the greater the potential breakout.
It is worth mentioning that the relative strength index (RSI) has risen back above the midline after bottoming out earlier this month, suggesting that LTC may be bullish in the future.
TON Token (TON): Emerging Star
TON token has emerged in the cryptocurrency market with a market capitalization of $209.5 million, ranking ninth in the world. In the past day, the trading volume of TON tokens surged by 24% to $221 million, fully demonstrating investors' optimistic expectations and firm confidence in its future growth.
The strong performance of TON token has made it stand out in the cryptocurrency market and become a high-profile rising star. This trend shows that investors' confidence in TON tokens is growing, indicating that the future trend of the cryptocurrency market will be more bullish.
Conclusion
In 2024, investing in cryptocurrencies such as LTC and TON may bring you rich returns. Especially with the upcoming halving of Bitcoin, the market's attention to such cryptocurrencies has reached an unprecedented level. However, before making an investment decision, be sure to conduct sufficient research and analysis to ensure that your choice can bring the best returns to your portfolio.
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