Altcoins
Top 3 Layer 1 Altcoins to Buy to Make $5,000 on a $1,000 Investment Bitcoin Halving Week
THE Bitcoin halved The event approaches in three days amid a sudden market downturn that saw investors count massive losses last week. Despite an instinctive trend reversal in Bitcoin’s price that topped $66,000 on Monday, the market was back in the red on Tuesday, pushing most investors to the limit amid the uncertainty. However, for ardent and smart investors, layer 1 altcoins must buy opportunities to buy the dip and turn small crypto wallets like $1,000 into $5,000 in a short period of time.
Toncoin (TON), Solana (SOL), and Sui (SUI) stand out with strong performance indicators, suggesting substantial upside potential.
1. Toncoin (TON)
Toncoin (TON), developed by Telegram, is transforming the blockchain landscape with its robust layer 1 technology. Known for its scalability and user-friendliness, this blockchain is suitable for a wide user base. It offers low transaction fees and fast processing times.
Toncoin Price Chart
Currently, Toncoin price stands at $7.11, an increase of 8% over the last 24 hours and 24% over the week. This growth indicates a strong upward trend. Now ranked 8th on CoinMarketCapTON’s market capitalization reached $24.76 billion, surpassing Dogecoin (DOGE) and securing its position as the eighth largest cryptocurrency.
Over the past year, Toncoin has demonstrated remarkable growth, climbing 205%. Over the past month, TON has seen an increase of over 90%. This significant rise highlights Toncoin’s potential as a top investment choice. The current trend suggests that this could be an optimal layer 1 altcoin to consider for substantial returns, especially during the upcoming BTC halving week.
2. Solana (SOL)
Solana (SOL), an open source initiative, leverages the permissionless nature of blockchain for decentralized finance (DeFi) solutions. Its protocol is designed to facilitate the development of decentralized applications (DApps). Solana’s design integrates Proof of History (PoH) consensus with fundamental Proof of Stake (PoS) consensus, improving scalability.
During the last 24 hours, Solana Price surged more than 8%, reaching $154, despite recent market declines and corrections. This increase follows a period of steady growth, pushing its price beyond the crucial $150 mark.
Solana Price Chart
According to scrolldataLIema, the network’s robustness is evident through its growing Total Value Locked (TVL) and bustling dApp activity. Since the start of the year, its TVL has shown significant growth. This makes Solana a standout among layer 1 altcoins, particularly attractive to investors looking to significantly increase their returns, especially during the upcoming BTC halving week.
3. Sui (SUI)
Sui (SUI), a leading layer 1 blockchain and smart contract platform, is making waves with a focus on fast, secure, private and accessible management of digital assets.
In its first year, it rose to the top 10 DeFi networks, highlighting its important role in the dynamic decentralized finance sector. This status makes it a strong investment prospect.
The platform is becoming popular for its efficient blockchain solutions, especially in TVL. Recently, Next price rose to $1.26, an increase of over 9% in just 24 hours.
Price table Sui
This jump indicates a robust buying signal in the market, even with a prolonged decline in recent weeks. Such progress highlights the growing confidence in Sui as a leading altcoin, potentially turning a $1,000 investment into $5,000 during the BTC halving week.
Conclusion
With Bitcoin halving on the horizon, TON, SOL, and SUI present viable options for turning a modest investment into a larger sum. Their current momentum and market trends suggest that these altcoins could potentially represent five times an initial investment of $1,000.
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