Sohrab Khawas
With the crypto market briefly reaching the $3 trillion mark, the upside potential is uncharted in the crypto industry. Amid such conditions, many new altcoins are creating new all-time high levels and continuing to soar.
However, smart money is on the lookout to find the next big thing in the crypto world. So here are the three potential altcoins that could turn $1 to $100.
Top Altcoins to Turn $1 to $100:
SUI (SUI)
Starting with SUI, often referred to as a potential “Solana Killer,” this token is gradually catching up to its main competitor, Ethereum. SUI is currently trading at $3.40 and has surged by ~350% year-to-date. On the daily chart, the altcoin has surpassed the 1.618 Fibonacci level and is retesting it with a morning star pattern.
The lower price rejection in bearish candles indicates a strong possibility of a bullish reversal. Based on Fibonacci levels, the upside target for SUI is $4.57, aligning with the 2.618 Fibonacci level.
On the weekly chart, Fibonacci analysis suggests a long-term target of $18.66, presenting an upside potential of approximately 500%. With its growing ecosystem and significant potential, SUI could give 10x returns.
GRASS (GRASS)
GRASS is a new dApp enabling users to share available bandwidth for rewards. The network facilitates bandwidth sharing with verified institutions and directly incentivizes users for their contributions.
Currently, GRASS is trading at $2.77, up by ~300% from its all-time low of $0.655. With a market cap inching closer to $700million, GRASS is rapidly gaining traction as a decentralized application.
The altcoin reveals significant upside potential. According to Fibonacci retracement levels, the token’s next upside target stands at the 1.618 Fibonacci level, priced at $7.84. With a potential gain of nearly 200% this month, GRASS could give a 10x rally in this crypto bull market.
Cat in a Dog World (MEW)
With a market cap of $965 million, MEW, known as the “Cat in a Dog World,” is the second-largest cat-themed meme coin. Built on the Solana ecosystem, the broader ecosystem recovery is expected to drive additional demand for the MEW token.
The altcoin shows a trendline breakout rally, with a recovery that has led to a 135% price jump in just seven days. This breakout hints at the potential for a new all-time high.
Based on Fibonacci levels, a breakout above $0.016 could propel the MEW price to $0.057, presenting significant upside potential for this meme coin.
Curious if the MEW price will give a 10x rally? Find out more in Coinpedia’s MEW price prediction.
