Crypto prices crashed on Tuesday, accelerating a trend that has been ongoing this month. This decline happened after the recent Bybit attack and the potential US tariffs on imports from key countries. One analyst believes that most quality crypto coins will bounce back this year. This article explores some of those altcoins that may help you turn $1K to $100K.
Crypto Coins to Turn $1k to $100K After Ki Young Ju Warning
Ki Young Ju, a popular crypto analyst who established CryptoQuant, has issued a major warning on altcoins. He believes that this will be a selective alt season, where some altcoins will do well. His criteria is to focus on crypto projects with revenue-generating projects, attention drivers, and potential ETF approvals. Some of the top crypto to buy that fit this criteria are Polkadot (DOT), Ripple (XRP), and Chainlink (LINK).
Polkadot (DOT)
Polkadot is one of the top crypto that could help you turn $1K to $100k. One potential catalyst is that Nasdaq just filed for a DOT ETF with the Securities and Exchange Commission (SEC). That ETF has a high chance of approval since it is a Made in USA utility coin.
Polkadot price has strong technicals as it has formed a quadruple bottom at $3.95. Its neckline is at $11.8, meaning that a simple jump to that level would be a 180% jump. A jump to the 50% Fibonacci Retracement level of $30.25 would be a 650% surge from the current level.
Ripple (XRP)
Ripple is another good cryptocurrency that combines high ETF approval odds with substantial utility. Polymarket odds that the SEC will approve a spot XRP ETF have jumped to over 80%, a sign that it will happen. JPMorgan analysts expect that the ETF will attract over $8 billion in inflows.
Ripple also has some substantial utility, especially with its XRP Ledger chain. The recently launched RLUSD stablecoin is seeing strong traction with daily volume of over $200 million. Also, the XRP Ledger ecosystem is growing, with networks like Sologenic, Coreum, and Crypto Trading Fund gaining market share.
Chainlink (LINK)
Chainlink is also one of the top crypto tokens to buy to hold that fits Ki Young Ju’s criteria. It is a blue-chip coin with a leading market share in the oracle industry. It also has a leading role to play in the upcoming Real World Asset tokenization industry. Like XRP and Polkadot, Chainlink has higher chance of receiving a spot LINK ETF approval. It also has a high staking yield of over 4%.
Summary on the Best Altcoins to Buy
There are other good quality altcoins to buy that meet Ki Young Ju’s criteria. Some of the others to consider are Solana, BNB Coin, Dogecoin, and Hedera Hashgraph.
Frequently Asked Questions (FAQs)
The best crypto coins to buy and turn $1K to $100K are the likes of Chainlink, Polkadot, and Ripple (XRP).
The best tokens to buy are those with a strong utility, have a high chance of a spot ETF approval, and have income generating.
Some cryptocurrencies will bounce back after the current dip. That’s because will likely recover and hit another all-time high.
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/3-crypto-to-turn-1k-to-100k-as-expert-warns-on-future-of-altcoins/
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