3 Crypto To Buy On The Cusp Of Turning $100 Into $10,000 In May
Why These Crypto To Buy?
Starting a new crypto portfolio, or rebalancing one takes a lot of effort. Some investors hit the bullseye while others completely miss the mark. However, with the right guidance, it is possible to narrow down to the best crypto to buy, thus diversifying a portfolio for minimal risk and maximum gain.
1. Litecoin (LTC)
Litecoin hovered at $81, increasing its value by a mere 0.1% in 24 hours, CoinGecko data revealed. A noticeable 6% decline in the trading volume points to the lack of interest among traders. LTC boasts $6.1 billion of market cap, ranking #19 among all cryptos.
Meanwhile, sitting above the Bollinger bands middle boundary affirms the sideways trading structure. However, the overall narrowing of this indicator hints at a potential breakout either up or down. Often the tighter the constriction the larger will be the potential breakout.
Since the Relative Strength Index (RSI) has moved above the midline following a dip into the oversold region at the beginning of this month, a bullish outcome is highly likely.
2. Toncoin (TON)
Toncoin has surged in the cryptocurrency rankings, now boasting a market cap of $20.95 million, placing it ninth globally. Toncoin’s trading volume increased 24% over the last day, reaching $221 million, indicating strong investor interest and belief in its future growth.
This impressive performance places it among the market leaders. The trend indicates growing investor confidence and a bullish future for cryptocurrency in the upcoming days.
Bottom Line
Investing in crypto to buy like LTC and TON has the potential to unlock massive returns in 2024, especially with investors eying the post-Bitcoin halving rally. However, it is paramount to carry out your research and make the final decision on the digital assets to include in the crypto portfolio.
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