Investing in the cryptocurrency market has been one of the most profitable ventures of the past 50 years. Early investors in Bitcoin, Dogecoin, and Shiba Inu have made exponential profits, attracting even more outsiders to the blockchain space. However, because cryptocurrency is a young industry, it is subject to high volatility and a large number of malicious players. This can make it difficult to find a 3500% cryptocurrency and buy the breakout early. In this article, we present five cryptocurrency projects that could turn $1,000 into $35,000 in the next bull market.
1. Cryptocurrency to buy – XRP
RippleBitcoin, a top 10 cryptocurrency, is aiming to become the world's reserve currency despite a legal battle. Despite the ongoing legal battle, XRP is one of the cryptocurrencies that is likely to see a 3500% breakout in the near future. Ripple Labs co-founders Chris Larsen and Brad Garlington have been working hard to make XRP available to banks around the world. RippleNet.
After the bull run of 2020-2021, XRP lost over 86% of its value along with the entire cryptocurrency market. However, in June 2022, the asset began to slowly rise from $0.28.
XRP price today is $0.52, showing a 1.6% decrease in the last 24 hours and a 2.5% increase in the last 7 days.
XRP Price The move is closely entangled with the 50-day and 200-day simple moving averages (SMAs), signaling an ongoing battle between the bulls and bears.
Meanwhile, the asset is almost at the end point of a bullish symmetrical triangle, which is confirmed by XRP’s 1,492-day record high low.
The asset’s current Relative Strength Index (RSI) stands at 50.62, up 80.49% over the past 42 days, and as a result, XRP’s price has risen by 25% over the same period.
Upcoming XRP-based stablecoins should spice up the DeFi season on the L1 blockchain, making these prices a prime buying opportunity.
2. Terra Luna Classic (LUNC)
Terra Luna Classic This is layer 1. BlockchainIt was taken over by the community after being abandoned by its founders. Blockchain is undergoing some major changes through its existing decentralized governance structure, with one change scheduled for June 2, 2024.
Genuine Labs, the development team behind the Terra Luna Classic blockchain, submitted a proposal for the v.3.0.1 upgrade which was approved with 100% upvote. These changes will improve the performance and operation of the network.
LUNC Price Today's price is $0.0001126, indicating a decrease of 0.6% over the last 24 hours and an increase of 6.6% over the last seven days. LUNC's past breakouts have been explosive, with gains of more than 2x and sometimes even 4x, and in a bull market scenario, gains could be much larger.
There are some key resistance points on the way up, but these should not be a problem given the strength of the bull market. Market sentiment on LUNC is that the project is oversold and has the potential for significant upside. In the cryptocurrency world, community is everything, and there is no one stronger than the LUNC community.
3. Algorand (ALGO)
Algorand is one of the top Layer 1 blockchains that has solved the blockchain trilemma. The development team focuses mainly on building and not on marketing, which makes the project’s foundation stronger than most cryptocurrencies. Algorand Price During the previous bull cycle, it hit a high of $2.82 and fell to a low of $0.082. ALGO price movement formed a rounded bottom in 2023, signaling a trend reversal.
The overhead resistance points for ALGO are the $0.50 and $2.00 levels. The previous highs may provide some resistance but not much. After that, the asset will be in price discovery mode. Algo developers continue to scale the project by building a powerful technology stack. Algorand is one of the ISO20022 coins that are compliant with the new messaging technology model that banks will adopt in the coming months.
4. ONDO Finance
Ondo Finance is one of the most promising real-world asset (RWA) crypto projects in the space. The project was quickly thrust into the spotlight by the news that Blackrock will be using the platform for tokenizing assets. ONDO prices surged last week after a major investor bought $5.7 million worth of tokens, doubling the number of holders.
Since ONDO was launched, its price has skyrocketed. In just five months, ONDO’s value has increased by 533%. The asset reached an all-time high of $1.33 on May 26, 2024, demonstrating the strength of its fundamentals and positive market sentiment.
of ONDO Price The stock price today is $1.21, representing a 6.7% decrease over the last 24 hours and a 29.4% increase over the last seven days. This asset is in the discovery phase and the RWA industry is just starting, now is one of the best times to get into such an asset and turn $1,000 into $35,000.
5. Cardano (ADA)
Cardano benefit from the leadership of Charles Hoskinsonis a co-founder of Ethereum, providing a solid foundation for the project's development. Cardano's focus on creating a secure and scalable blockchain has attracted interest from a variety of sectors, including governments, institutions, and enterprises, leading to increased adoption and use cases. This, coupled with upcoming developments, makes it a cryptocurrency with great potential to soar to new heights in the future, perhaps making it a 3500% crypto breakout investment.
ADA Price Currently, it is below the 50-day and 200-day SMAs and the bulls are trying to break out of them. The asset has been in a minor consolidation state for the past few months. The support is strong and the bulls can use it to propel the price above the overhead resistance at $0.5038.
The ADA RSI(14) is trending up at the 45 level. The indicator still has room to move before reaching the overbought zone, offering investors an opportunity to buy ahead of the upside.
ADA investors can expect the stock to encounter key resistance levels at $0.67 and $0.81 on its way up before surging towards its all-time highs.
Conclusion
Volatility in the cryptocurrency market can be your friend or foe if not utilized properly. To make a 3500% return on investment in cryptocurrencies, you need to invest early, and thorough research is essential to achieve this. If you want to turn $1,000 into $35,000, these five coins might help you get a head start.
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