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Turning $1,000 into $35,000 with 3,500% Cryptocurrency to Buy
Investing in the crypto markets has been one of the most rewarding endeavors of the last 50 years. The first investors in Bitcoin, DogecoinIt is Shiba Inu has seen exponential gains, attracting even more outsiders into the blockchain space. However, being a young industry, crypto is fraught with high volatility and malicious players. This is why it can be difficult to identify a 3,500% crypto to buy early. This article will show you five crypto projects that could turn $1,000 into $35,000 in the next bull run.
1. Crypto to Buy – XRP
XRP, one of the top ten cryptocurrencies, aims to be the global reserve currency despite legal battles. Despite ongoing court battles, XRP remains one of the most promising 3,500% breakout cryptocurrencies in the near future. Chris Larsen and Brad Garlington, the co-founders of Ripple Labshave been working hard to onboard banks around the world to use RippleNet.
After the 2020-2021 bull run, XRP lost over 86% of its value, along with the entire crypto market. However, in June 2022, the asset began its slow rise from $0.28.
The price of XRP today is $0.52, representing a 1.6% drop in the last 24 hours and a 2.5% increase in the last 7 days.
XRP Price the stock has been closely tied to the 50-day and 200-day simple moving averages (SMAs), indicating an ongoing tussle between the bulls and the bears.
Meanwhile, the asset is almost at the end of a symmetrical bullish triangle. This is confirmed by the higher lows that XRP has been recording for 1,492 days.
The asset’s current Relative Strength Index (RSI) is at 50.62, after rising 80.49% in the last 42 days. Consequently, the price of XRP increased by 25% in the same period.
The upcoming XRP-based stablecoin is expected to spice up the DeFi season on the L1 blockchain, making these prices the best buy-in opportunities.
2. Classic Terra Luna (LUNC)
LUNC price chart | Trading View
Classic Terra Luna It’s a layer 1 blockchain, taken over by the community after the abandonment of the founder. Blockchain has undergone some major changes through the existing decentralized governance structure, with one of them coming on June 2, 2024.
Genuine Labs, a development team involved with the Terra Luna Classic blockchain, submitted a proposal for a v.3.0.1 update which was approved with a 100% ‘Yes’ vote. These changes will improve network performance and operations.
Lunch price today it is $0.0001126, which represents a 0.6% drop in the last 24 hours and a 6.6% increase in the last 7 days. LUNC advances have been explosive in the past, recording gains of over 2X and sometimes even 4X. In the scenario of a bull market, the gains could be much greater.
There are some key resistance points on the climb, but with the strength of the bull run, these shouldn’t be a problem. The market sentiment around LUNC is that the project is oversold and has great upside potential. In the crypto space, community is everything and no one is stronger than the LUNC community.
3. Algorand (ALGO)
Algorand is one of the top layer 1 blockchains that managed to solve the blockchain trilemma. The development team is mainly focused on more building and less marketing, making the project’s fundamentals stronger than most cryptocurrencies. Algorand Price it reached a high of $2.82 in the previous bull cycle and fell to a low of $0.082. The price action of SOMETHING formed a nice rounded bottom in 2023, signaling a reversal in the trend.
The overhead resistance points for ALGO are the $0.50 level and the $2.00 level. The previous high may offer some resistance, but not much. After that, the asset will be in price discovery mode. Algo developers continue to expand their projects by building a strong technology stack. Algorand is one of the ISO20022 currencies compatible with a new messaging technology model to be adopted by banks in the coming months.
4. Ondo Finance (ONDO)
Ondo finance is one of the most promising real-world asset (RWA) crypto projects in the industry. The news that Blackrock would use the platform to tokenize its assets immediately catapulted the project into the spotlight. The price of ONDO has risen over the past week after a whale purchased $5.7 million worth of tokens, also doubling the number of holders.
Since the launch of ONDO, the price has increased exponentially. In just 5 months, ONDO appreciated by 533%. The asset reached an all-time high price of $1.33 on May 26, 2024, signaling strength in its fundamentals and positive market sentiment.
O ONDO Price today it is $1.21, which represents a 6.7% drop in the last 24 hours and a 29.4% increase in the last 7 days. The asset is in discovery mode and the RWA industry is just getting started. This is one of the best times to get into such an asset and turn $1,000 into $35,000.
5. Cardano (ADA)
Cardano benefits from the leadership of Charles Hoskinson, 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 various sectors, including governments, institutions and enterprises, leading to growing adoption and use cases. This, along with upcoming developments, positions it as a cryptocurrency with significant potential to reach new heights in the future and a likely 3,500% crypto breakout investment.
ADA Price is currently below the 50-day and 200-day SMAs, with bulls trying to surpass them. The asset has been in small consolidation in recent months. Support is strong and bulls can use it to break overhead resistance at $0.5038.
The ADA RSI(14) is at level 45 and in an uptrend. The indicator still has room to move before reaching the overbought zone, providing investors with the opportunity to buy ahead of the recovery.
On its rise, ADA investors can expect to hit key resistance levels at $0.67 and $0.81 before flying towards all-time high prices.
Conclusion
Volatility in the crypto market can be your friend and enemy if not leveraged properly. To get a 3,500% return on investment in crypto, you would need to have invested early and to achieve this, thorough research is critical. These five currencies can give you an edge if you want to turn $1,000 into $35,000.
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