(Monday, 17 June 2024, 09:54 PM IST):
In the cryptocurrency market, both memecoins and altcoins have recently faced significant corrections. Tokens like Notcoin, Jasmycoin, and Brett experienced dips of around 10%. This adjustment was anticipated as Bitcoin struggled to surpass the $71k mark and subsequently dropped to $66k. However, following these corrections, some altcoins and memecoins are showing signs of a bullish trend and may rally this week if Bitcoin maintains its current price.
Here are the Top Three Cryptocurrencies to Watch for Potential Gains this Week:
1. Brett ($BRETT)
Brett is currently the largest meme coin by market capitalization on Base ecosystem, valued at $1.53 billion and continuously growing. The chart shows that Brett has recently given a breakout and is currently retesting its price level of $0.1554. If it successfully rises above $0.1653, Brett could see significant gains.
- Current Price: $0.1557
- Market Cap: $1.53 Billion
- Last 30 Days Return: +259%
2. Jasmycoin (JASMY)
Jasmycoin, an IoT token, has been on a solid rally over the past couple of months, with an impressive gain of +82.04% in the last 30 days. Similar to Brett, Jasmycoin has confirmed breakout in a symmetrical triangle pattern on the chart. This pattern suggests a potential for gains if it breaks out above $0.039 this week.
- Current Price: $0.03699
- Market Cap: $1.83 Billion
- Last 30 Days Return: +82%
3. IO Net (IO)
IO Net is a newly launched token from Binance Launchpool, combining AI and DEPIN. It is currently trading at a support level of $4.78 after correcting by 23.0%. If it takes a pullback from here, IO Net could record gains this week. However, if the downturn continues, the price might drop to $4.03.
- Current Price: $4.49
- Market Cap: $455 Million
- Last 7 Days Return: +7.45%
These altcoins are showing promising signs of potential gains this week, provided the overall market conditions remain favorable. Keep an eye on these tokens as they could present profitable opportunities in the short term.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and involve significant risk. Always do your own research and consult with a professional financial advisor before making any investment decisions. The performance of these altcoins can fluctuate, and past performance is not indicative of future results.
