Amid the ongoing market doldrums, investors are rebalancing their crypto portfolios in preparation for the bull market likely to follow Bitcoin (BTC)halving in April. While majors like Ethereum (ETH), Solana (SOL), and XRP are a must-have in any portfolio for the majority of investors, some crypto to buy like… promise investors 100x returns.

The halving in April is believed to be a major market move with Bitcoin likely to lead the charge to new all-time highs across the board. Therefore, this could be the best time for market participants to dollar cost average (DCA) and make the most out of the expected bull market this year.

1. Shiba Inu (SHIB)

Shiba Inu coin price dodders sideways like other leading cryptos in the market. Despite the dismal start to the week easing into widespread consolidation, prices have not moved much. However, if the current technical structure continues to improve, a major breakout would be anticipated this weekend, with SHIB exploding by a staggering 70% to tag its highest point in 2024 of $0.00004563.

Shiba Inu Coin holds firmly to short-term support provided by the 200-day Exponential Moving Average (EMA) (the line in purple on the four-hour chart). On a wider scope, the meme coin has since the correction in mid-March been oscillating between critical support approximately at $0.000024 (the grey band) and resistance approximately at $0.00003274 (the red band).

Several four-hour candle closes above the 200-day EMA would hasten the recovery toward the range high while shielding bulls from retesting the range low.

Shiba Inu coin price chart | Tradingview

It is also important that Shiba Inu coin price closes the day above the previous day’s high of $0.00002775 — serving as another bullish signal. Breaking the barrier at the range high could catapult SHIB toward the yearly highs of $0.00004563 and possibly trigger a larger swing aiming for historical highs of $0.00008616, according to CoinGecko data.

2. Terra Classic (LUNC)

Terra Classic’s price stands at $0.000134, marking a slight dip of just above 4% in the past 24 hours. This minor decline is mirrored in the trading volume, which has seen a reduction of 4%, currently at $33.93 million and indicating an interest among traders. With a valuation of $779.71 billion, LUNC finds itself in the 113th spot in the crypto rankings, as per Coinmarket data.

Last week, LUNC’s value dropped 13%, an unexpected twist that has not dampened the spirits of its investors, pointing towards an optimistic outlook despite fluctuating market conditions. During this time, LUNC’s value fluctuated between $0.00013 and $0.00016, showcasing a downward trend that culminated in a 38% decrease over the past month.

Terra Classic Price Prediction chart | Tradingview

If bullish trends prevail and propel the price beyond the $0.00014 threshold, LUNC could witness a resurgence in momentum. This upward move could potentially challenge resistance levels at $0.00019 and even aim for the $0.001 mark.

3. Pendle

Pendle is a protocol that operates on the Ethereum blockchain, designed to innovate in the decentralized finance (DeFi) space by offering a platform for yield trading. Defying the majority of major cryptocurrencies which entered a new correction trend in mid-March, the Pendle price emerged with a high momentum rally.

This recovery can be attributed to several factors, one being the explosive growth in its Total Value Locked (TVL). Data from DeFiLlama indicates that the TVL for Pendle has experienced a remarkable increase, rising from $233 million at the start of the year to an impressive nearly $4 billion by April.

This significant growth reflects an expanding user base and could imply increased adoption of its yield tokenization services, which may enhance the liquidity and utility of the Pendle ecosystem.

Thus, if the Pendle price has formed a local top at $6.67, the anticipated correction may witness demand pressure at $5.62 and $5 levels which coincides with 38.2% and 50% Fibonacci retracement level.

4. Fetch.AI (FET)

Fetch.AI (FET), a cutting-edge AI research organization, is pioneering a decentralized, barrier-free machine learning network through blockchain innovation. This endeavor aims to distribute and streamline digital transactions, enhancing efficiency and elevating user experiences.

Currently, Fetch .AI price is $2.56, a 4% decrease over the last day. Its ranking on CoinMarketCap is 52, and its market capitalization is $2 billion.

FET’s price has witnessed a remarkable 32% rise in the past month, surging past the $2 threshold even amidst market adjustments. This has secured its position as a top AI-focused altcoin, especially as 18,000 Bitcoin options reach their expiration.

Bottom Line

Investing in the crypto market requires speed, accuracy, and agility. Identifying the tokens to buy could market a stack difference between investors who maximize their returns and those who end up making losses. While this is not investment advice it could help new investors to start their research.

The post 4 Under $10 Crypto To Buy To Flip $50 Into $5000 In April appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am