London, England, 2 June 2021, ZEXPRWIRE, The broker David Bloom from The Investment Centre discusses the top potential Altcoins to buy for the end of May as we transition into June and the beginning of summer. In this article, we will be looking into these Altcoins that have been taking a dip in the past week and how investors could potentially make some gains.
So, the market in the past 24 hours is up about .85% so, almost 1%. Some of the hottest coins so far in the top gainers in the 24 hours will be Origin Token which is up about 60%, and then we have the highest volume Bitcoin, and then we have most visited, which was OMG network.
Now, what’s been going on! Bitcoin has been flat in the past 24 hours, still trading around at 38000 – 39000 area bouncing back and forth you know up or down about 2000. Ethereum around 2700 up about 3%, then we have Binance 1%, Cardano up about 3 ½% and Dogecoin down about 1.84%. So most of these coins are pretty much flat, and then we have a couple of winners that are up a little bit, maybe 5 to 10% or so, but most of the crypto space right now is pretty flat.
So, let’s take a look at these old coins.
The first coin on our list is going to be EOS. This one is up about 3% so, almost flat in the past 24 hours. Trading at $5.84, the market cap on this coin is $5.6 billion, so, still, a pretty low market cap on this coin, volume in the past 24 hours 3.8 billion, down in the past week this coin is down 37%, right now so, a considerable pullback that we saw from the highs up 16 almost $15 or so and then pull back down to lows of about $3.58 at one point. So, that is a huge drop compared to where it was just about two weeks ago.
In the past year, this coin is still up about 133%. Still, if anybody got in early, they would have doubled their money pretty much, which is still a great opportunity right there to continue this run-up. This pullback pretty much wiped out gains for the past three or four weeks or back to those trading prices in April, so there’s still plenty of room to grow.
This coin has hit $15 before there’s still room for about a 2x or 3x position or potential position in the next few years. As this point is proven before, it can do it, and that’s what analysts will be looking for. So, these cryptocurrencies right now or a little bit oversold. Everybody started to dump a lot of their crypto in the past few weeks. Now. Analysts say that we might be seeing this as a great buying opportunity for long-term investments. So, if you missed out before, this is your chance to get it in again for the long term as long as the other cryptocurrencies that we’re going to be talking about.
Now we’re going to get into the second one. So, the second one and row listening to be THETA.
THETA is right here up about 1% so, it is flat once again. As analysts said, most of these coins are pretty much flat in the past 24 hours. It is trading at $6.91 right now. The market cap on this coin is around $6.9 billion, with the volume in the past 24 hours is approximately $383.5 million coins. So the volume is not too bad actually on this one.
In the past week, this was down almost 30% and hit lows down here of about $3.98 or so, and this has not hit those lows again even though some other coins have hit lower lows than they did right there on the initial crash but recovered pretty much back to the $7.00 area pulled back down a little bit to the $5 area or so. So, they have been consolidating around this 5 to $7.00 extent back and forth. So, there’s still potential here to buy on the lows and sell on the highs.
Every time it goes up and down between that $5 and $7.00 range, that is another exciting thing to look at. As we consolidate, this will either breakthrough or go forward, or it’s going to break down and continue to fall to new lows, so that’s another thing investors and analysts have to keep an eye out for.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your research before making any investment based on your circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether to make an investment decision or otherwise.
Source: Investment Centre Broker
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