With the bull market underway, on-chain data has revealed three altcoins under $1 that can skyrocket in value. These coins include IntelMarkets (INTL), Stellar (XLM), and Hedera (HBAR), with their outlooks suggesting investors can profit extensively from them during the imminent market leg-up.
Read on to determine how high INTL, XLM, and HBAR can go!
IntelMarkets, a crypto ICO coin, has been identified as a potentially lucrative investment venture that promises incredible returns. Due to the success of its ongoing presale, IntelMarkets is expected to extend investors’ gains in the long run.
In addition to presale profits, IntelMarkets offers a crypto trading platform where futures traders can speculate on the posterior prices of digital assets for profit. In other words, it is a perpetual contract exchange where cryptocurrencies can be traded with leverage.
The difference between IntelMarkets and other perpetual contract exchanges is that the former disregards expiry or settlement dates. Hence, traders can maintain a position indefinitely without the exchange interfering, allowing them to accumulate gains as the market goes their way.
The futures exchange offers up to 1,000x trading leverages so that traders can maximize the potential returns from every trade. With the risk management tools that the exchange will provide, they can evade any potential risk market volatility might expose them to.
INTL, the native token IntelMarkets, is one of the altcoins under $1 that investors ought to add to their portfolios. It could be the best crypto they invest in because of its value proposition, zipping adoption, and nonstop increasing prices.
Charting Guy, a crypto chartist, has spotlighted a chart pattern he believes could thrust XLM’s price 50 times higher before the bull market ends. Taking to X on November 21, 2024, the analyst notified his followers about a seven-year Adam and Eve pattern forming on Stellar’s chart.
Historically, this pattern, depicted by a sharp V-shaped bottom (Adam) followed by a U-shaped bottom, has led to significant price movements for any asset. As a result, Charting Guy projected a high rise to $3 or $5 for Stellar’s XLM.
Based on the chart’s outlook, the V bottom formed around $0.02 and $0.03, while the U bottom appeared between $0.07 and $0.10. The Adam and Eve pattern’s neckline formed a critical resistance at $0.40, which Stellar’s XLM must defeat to reach higher.
Buying activities should commence once the pattern is fully formed, triggering a 50x increase in the Stellar coin price. Over the week, XLM rose 141%, pushing the Stellar coin past the identified resistance to $0.45 and setting it on a course toward the aspired prices.
Last week, HBAR, Hedera’s native coin, rallied 92% Amid rumors that Brian Brooks, a board member at Hedera, might be elected as the next SEC chair to replace Gary Gensler. However, HBAR dropped slightly when another rumor surfaced that Teresa Goody Guillèn may be contending for this post.
Looking at HBAR’s chart, the rally decelerated as sellers began to reduce their holdings, causing Hedera’s token price to drop to $0.136. This decline also coincided with the Relative Strength Index (RSI) indicator reaching an overbought region at 77.37.
Another technical indicator, Bollinger Bands, showed that HBAR’s price had overextended to the upper band at $0.130. A retracement followed to $0.069, asserting the Bollinger Bands’ overextension.
Nevertheless, experts like Bella Insights opined that Hedera’s HBAR is exhibiting strong performance that can lead the price to $0.58, having already established support at $0.097. HBAR has moved up 64% in a week to $0.154, making the Hedera token one of the top three altcoins under $1 ready to explode.
INTL recently entered Stage 6 of its public presale, making its price hit $0.054. Due to its growing adoption, experts believe the coin could soar 1,751% to $1 after its exchange debut.
XLM needs only rise 122% from its current price to hit $1. Meanwhile, HBAR is 549% below the target level.
Once the bull market kicks in, these coins can reach $1 with sufficient buying pressure, delivering massive gains to investors. Therefore, if you’re looking for altcoins under $1 to buy, INTL, XLM, and HBAR might be the best options.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.