3 Cryptos You’ve Never Heard Of (But Will Want to Buy Immediately)
Ask Joe Normie which cryptos to buy if he took a bet on the crypto world. He might mention the ones everyone has heard of already. You know the ones… Bitcoin (BTC-USD), maybe Ethereum (ETH-USD)… if he was really “clued in.” But these mainstream coins are already very high in price. Yes they could double, but it’s also a long way down if they collapsed just as you bought in!
The fact is that Bitcoin will have a hard time doubling or tripling its all-time high prices. It has already risen 10,000x its price from when it was just $6. So speculators looking for the “next Bitcoin” would do well to look at new cryptos that are at a similarly low level. Fortunately, there are superb crypto projects at low prices that offer plenty of upside.
By “superb,” I mean projects with ever-increasing financial backing and reassuring acceptance from mainstream institutions. And frankly, the technology involved is more advanced than that underling Bitcoin, making them excellent cryptos to buy for speculators. Remember that Bitcoin is not the best crypto, it was only the first.
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Dogwifhat (WIF-USD)
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Dogwifhat (WIF-USD) came from under the radar of more well-known dog-themed meme coins like Dogecoin (DOGE-USD) and Shiba Inu (SHIB-USD). Its first big surge came in March 2024 when Binance announced it was to list the token.
Being newly listed by a major exchange like Binance gives good potential gains for those who buy the token early. That’s because a crypto is given more legitimacy in the eyes of the mainstream masses. Binance’s announcement wasn’t the only move into the mainstream for WIF. WIF was featured on The Sphere in Las Vegas, raising over $700,000. These recent developments gave WIF a pump of 1,247% in little over a month.
Since that initial pump, WIF has been consolidating into a bullish-looking pennant pattern. The price action is squeezing tightly into the end of that pennant. A break upwards looks likely if the technicals play out normally.
If WIF breaks out as expected, a run to $4.58 is where the main resistance lies. That represents a roughly 60% gain from its current price.
Worldcoin (WLD-USD)
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Worldcoin (WLD-USD) is as ambitious as its name suggests. Its aim is to create a global financial identification network. Its WLD token spiked 30% in one week amidst talk of OpenAI partnering with Worldcoin on AI initiatives. This is a relatively safe prediction, given that Sam Altman founded both projects.
But how will its token move next if you are speculating? The 30% spike to $6.10 at the start of May created a distinct double bottom on the technical charts. Continued momentum could see a move to around $8 where resistance lies. Whether it can continue past that resistance and revisit its all-time high of $11.82 depends on a couple of things:
Whether this OpenAI partnership becomes reality.
Wider crypto market conditions.
The second of these conditions is the strongest factor. Bullish sentiment in the crypto market helps investors decide whether to continue holding or collecting profits.
Should the partnership with OpenAI not materialize, the price of WLD may fade lower.
Akash (AKT-USD)
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Akash (AKT-USD) network is at the cutting edge of cloud computing, using open-source blockchain technology and the eco-friendly proof-of-stake consensus mechanism.
AKT enjoyed a rally upon news of a partnership with Brev. Brev is an AI company looking to facilitate the development of artificial intelligence projects at lower cost and higher scale.
What is particularly promising is AKT’s price action on the Elliot Waves. A huge first wave up since September 2023 alone helped it almost reach its all time-highs of $8. Its starting price during this rally was below $1.
The price action has now completed the second down leg at $3.45 and has begun what looks like a third leg upwards.
If the third wave materializes, it would dwarf the all-time high and a target of around $15 would be in keeping with the Elliot Wave principles.
Should that third wave fail to materialize, or break the recent high of $6.22, downward pressure comes into play. This is due to a double top being formed at the new resistance line. Look for a break of that resistance level before entering, as we are already near that top already.
On the date of publication, Sam Farnham did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Since 2012, Sam has helped investors, traders and wealth seekers with his technical and fundamental analysis of the financial markets and has developed six trading systems during that time. He is always searching for more financial opportunities to share with readers.
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