Turning $1,000 Into $35,000 With 3500% Crypto To Buy Breakout

Investing in the crypto markets has been one of the most rewarding ventures in the past 50 years. Early investors in Bitcoin, Dogecoin, and Shiba Inu made exponential gains, luring even more outsiders into the blockchain space. However, being a young industry, crypto is riddled with high volatility and malicious players. That’s why spotting a 3500% crypto to buy breakout early may be difficult. This article will show five crypto projects that could turn $1,000 into $35,000 in the next bull run.

1. Crypto To Buy – XRP 

XRP, a top-ten cryptocurrency, aims to be the global reserve currency despite legal battles. Despite the ongoing court battles, XRP remains one of the most promising 3500% breakout cryptos in the near future. Chris Larsen and Brad Garlington, the co-founders of Ripple Labs, have been hard at work, onboarding banks worldwide to use the RippleNet.
After the 2020–2021 bull run, XRP shed over 86% of its value, along with the entire crypto market. However, in June 2022, the asset began its slow ascent from $0.28.
The price of XRP today is $0.52,  representing a 1.6% decrease in the past 24 hours and a 2.5% increase in the past 7 days.
XRP price action has been closely intertwined with the 50-day and 200-day simple moving averages (SMAs), indicating an existing tussle between the bull and the bears.
Meanwhile, the asset is almost at the end of a bullish symmetrical triangle. This is confirmed by the higher lows XRP has been posting for 1,492 days.
The current Relative Strength Index (RSI) of the asset sits at 50.62 after rising 80.49% in the past 42 days. Consequently, XRP’s price has risen 25% in the same duration.
The upcoming XRP-based stablecoin should spice up the DeFi season on the L1 blockchain, making these prices the best buy-in opportunities.

2. Terra Luna Classic (LUNC)

 

Terra Luna Classic is a layer 1 blockchain, taken over by the community after the founder abandoned it. The blockchain has seen some major changes through the existing decentralized governance structure, with one coming up 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 upgrade which passed with 100% ‘Yes’ votes. These changes will enhance network performance and operations.

LUNC price today is $0.0001126, which represents a 0.6% decrease in the last 24 hours and a 6.6% increase in the past 7 days. LUNC’s breakouts have been explosive in the past, registering over 2X and sometimes even 4X gains. In the scenario of a bull run market, the gains could be much bigger.

There are some key resistance points on the way up but with the strength of the bull run, these should not be a problem. The market sentiment around LUNC is that the project is oversold with great upside potential. In the crypto space, the community is everything, and none is stronger than the LUNC community.

3. Algorand (ALGO)

Algorand is one of the top layer 1 blockchains that has 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 hit a high of $2.82 in the previous bull cycle and dropped to a low of $0.082. The price action of ALGO 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 price may offer some resistance, but not a lot. After that, the asset will be in price discovery mode. Algo developers continue to expand their projects by building a strong tech stack. Algorand is one of the ISO20022 coins that are compliant with a new technological model of messaging to be adopted by banks in the coming months.

4. Ondo Finance (ONDO)

Ondo finance is one the most promising Real World Asset (RWA) crypto projects in the space. News that Blackrock was going to use the platform for tokenization of its assets immediately catapulted the project into the limelight. ONDO’s price surged in the last week after a whale bought $5.7 million tokens, also doubling in the number of holders.

Since ONDO launched, the price has been rising exponentially. In just 5 months, ONDO has gained 533% in value. The asset hit an all-time high price of $1.33 on May 26, 2024, signaling strength in its fundamentals and positive market sentiment.

The ONDO price today is $1.21, which represents a 6.7% decrease in the last 24 hours and a 29.4% increase in the past 7 days. The asset is in discovery mode and the RWA industry is only just budding. This is one of the best times to enter such an asset and turn $1000 into $35,000.

5. Cardano (ADA)

Cardano benefits from the leadership of Charles Hoskinson, a co-founder of Ethereum, providing a sturdy base 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 businesses, leading to increasing adoption and use cases. This, coupled with upcoming developments, positions it as a cryptocurrency with significant potential for soaring to new heights in the future and a likely 3500% crypto breakout investement.

ADA price is currently sitting below the 50-day and 200-day SMAs, with bulls trying to break above them. The asset has been in small consolidation for the past couple of months. The support is strong and the bulls can use it to break the overhead resistance at $0.5038.
The ADA RSI(14) is at the 45 level and is on an uptrend. The indicator still has some room to move before it hits the overbought zone, providing investors with an opportunity to buy in before the rally.

On its way up, ADA investors can expect to meet key resistance levels at $0.67 and $0.81 before flying off toward previous all-time high prices.

Bottom Line

Volatility in the crypto market can be both your friend and your foe if not harnessed properly. To get a 3500% crypto breakout return on investment, you would need to have invested early and to achieve this, thorough research is paramount. These five coins may give you a headstart if you want to turn $1000 into $35,000.

The post Turning $1,000 Into $35,000 With 3500% Crypto To Buy Breakout appeared first on CoinGape.