3 Cryptocurrencies with High Return Potential
LINK
Despite a downward trend, Chainlink has managed to hold above the $12 support area and is showing upside potential. After encountering a lower price rejection at the support area, the altcoin is facing resistance from the dynamic 50D EMA.
Considering that the broader market sentiment is expected to improve in the coming weeks, the DeFi token could see a breakout. Based on the Fibonacci levels, $16.75 and $21 are two upcoming resistance levels for Chainlink to break out and rebound. Thud is the potential of Chainlink on the way down, making it the best altcoin to buy this time.
PEPE
Inspired by the Pepe the Frog meme, Pepe Coin became an instant hit in April 2023 and quickly gained traction. As an Ethereum-based deflationary token, Pepe Coin employs a redistribution mechanism to maintain token scarcity. Just a few weeks after its launch, its market cap surpassed $1 billion. Despite having no inherent use case, Pepe Coin’s success lies in its community-driven nature and the appeal of meme culture, making it a notable player in the memecoin space.
WIF
Dogwifhat (WIF for short) is a relatively new memecoin built on the Solana blockchain. Launched in December 2023, the token features a Shiba Inu wearing a pink hat and quickly gained a market cap of $2 billion. Dogwifhat stands out for its decentralized governance, allowing token holders to participate in key decision-making processes. The popularity of this memecoin is due to community involvement and the novelty of its imagery.
