While Bitcoin price is holding strongly above the $67,000 level, the crypto market has recorded a significant increase in buying and selling pressure. Moreover, the top tokens successfully surpassed key resistance levels, indicating a bullish strength in the crypto space.
However, mid- and low-cap altcoins have seen major growth in their respective portfolios, indicating a shift in investors’ interest in these altcoins.
Let’s take a closer look at the top four altcoins that are currently valued under $1 but have the potential to post up to a 10x return increase by the end of Q2.
GameStop (GME)
The latest sensational meme coin in the Solana ecosystem GameStop The token first appeared on the crypto market in January 2024.
On a positive note, meme coin showed a strong trend, gaining nearly 100% in value within 24 hours. Moreover, it has surged 250% over the past week, underlining a positive outlook for the altcoin in the coming period.
If the bulls continue to gain momentum, GME price will be poised to retest its highs in the coming weeks. However, downward price action may pull the price towards the lower support level of $0.00237 in the coming period.
Mantra (OM)
mantra project is a security-first Real World Asset (RWA) layer-1 blockchain. Capable of enforcing real-world rules and regulatory requirements.
The native currency “OM” token has gained approximately 1,150% since the beginning of the year, indicating a strong bullish sentiment for the altcoin in the crypto space. With a circulating supply of 793,991,274 OM tokens, it is expected to increase significantly in the coming period.
If the bulls continue to gain momentum, OM price will soon be poised to retest its ATH by surpassing the $1 mark. Conversely, if there is a bearish reversal in the market, Mantra price would decline towards the key $0.6250 support level in the coming weeks.
AIOZ Network (AIOZ)
AIOZ Network (AIOZ) is a DePIN for Web3 AI, storage and streaming, powering a decentralized future with greater security. It also rewards you for sharing your computational resources for transcoding, sorting, and streaming digital media content.
AIOZ price was repeatedly rejected at the $0.83950 resistance level, which resulted in the price trading in a closed range between $0.68430 and $0.83950. On a positive note, the EMA 50-day is showing a bullish sentiment, highlighting a positive outlook for the AI token in the coming period.
If the bulls break out of the $0.83950 resistance level, AIOZ Network will prepare to test the upper resistance level at $1.02931 in the coming months. On the downside, if the bearish trend reverses, the AIOZ token will decline towards the key support level of $0.5111 this month.
BOOK OF MEME (BOME)
Introduced as an experimental project to redefine Web3 culture BOME project guarantees immortalization on the blockchain. Built on the Solana blockchain, BOME functions as the primary storage. It also fosters a new dimension of decentralized social media.
Despite losing a significant 58.61% from its all-time high (ATH) of 0.0280, the BOME token continues to trade with a return of approximately 1,200%. At the time of writing, BOME’s price was $0.011448 with a market cap of $795.86 million.
If the market holds the price above the $0.011350 support level, the bulls will gain momentum and prepare to test the upper resistance level at $0.0132. Conversely, if the bears take control of the market, it will drop to test the lower support level at $0.01040.
