The cryptocurrency market rarely disappoints. The vertical is currently experiencing bearish price action, and major altcoins appear to be projecting low price action. While many crypto enthusiasts may characterize this development as downright negative, several crypto opportunists believe this could be their only opportunity to shine within the crypto community.
Price drops may pose a serious threat to some, but for crypto enthusiasts and experts, price drops in crypto verticals are termed as serendipitous moments where they can buy high-term assets at low prices. relatively lower prices.
Several high-priced assets are currently trading at low prices, which could force investors to buy them for 50x long-term returns. Here are the top three pieces that should be on your radar for the month of May.
Also Read: Cryptocurrency: 3 Meme Coins to Watch in May for Exponential Gains
Three coin prints you need to buy for 50x returns
Cryptocurrency #1: Bitcoin
Bitcoin is called the king of crypto for a reason. All major altcoins are inspired by BTC and rely heavily on it to determine their independent price levels. If Bitcoin is down, so are other altcoins and meme currencies. So why not explore the king first and the pawns later? Bitcoin could soon peak, with global economies betting heavily on its price to soon reach $100,000.
After the halving, the price of Bitcoin is experiencing a sharp decline, making it favorable for investment and trading for enthusiasts. Once the market accelerates, Bitcoin could surpass normal price expectations to trade at $70,000 and beyond.
According to CoinCodex, Bitcoin could surge 114% to trade at $114,000 by the end of this year if market momentum fully supports its rally.
“Bitcoin can trade within a range of $62,650 and $114,525. If it hits the upper price target, BTC could rise by 83.70% and reach $114,525.
Cryptocurrency #2: Ethereum
Ethereum is gaining massive momentum again. The momentum is partly fueled by Ethereum ETF news, pushing the token to new price levels. At press time, ETH is sitting at a lower price of $3,175, which can be easily purchased by crypto enthusiasts. Once the Ethereum ETF narrative gains global recognition, the price of ETH is set to skyrocket, driven by a steady influx of funds and user support.
According to CoinCodex, Ethereum could rise by almost 109%, trading at $6,000 and beyond.
“Ethereum can trade in a range between $3,283.55 and $6,662.22. If it hits the upper price target, ETH could rise by 109.47% and reach $6,662.22.
Also Read: Cryptocurrency: 3 Coins to Buy Under $10 for Stellar Returns in May
Cryptocurrency #3: Solana
The king of the current bull market, Solana, has recently surpassed all tokens in popularity and usage. The token is at the center of the pre-sale project frenzy while also hosting a trending coin club for users to explore and interact with. Solana-based meme coins including DogWifHat, BONK, and Maneki have enhanced gameplay for crypto enthusiasts, generating profits and credible attention for the entire vertical.
According to CoinCodex, Solana could rise by almost 140% to cross the $300 mark by the end of 2024.
“Solana can trade in a range between $132.86 and $326.66. If it hits the upper price target, SOL could rise by 141.33% and reach $326.66.
reference: watcher.guru