There is a growing interest in low market cap cryptocurrencies, with Avalanche announcing support for meme coins. Different categories become popular in the crypto space, and if a major market crash doesn’t occur in the coming months, three cryptocurrencies could see impressive growth.
Reserve Rights (RSR) has broken a long-term resistance trend line in October after struggling since April 2021. The RSI on the weekly chart validates this breakout, hinting at a continued rise. If the rally persists, a 200% increase to test $0.01 is possible. On the downside, a fall below $0.0025 could lead to a 50% drop to $0.002.
Status (SNT) is the second lesser-known cryptocurrency that could show parabolic growth. It has been underperforming since early 2021, hitting a low of $0.018 in December. In October 2023, SNT broke through a 900-day resistance line with RSI confirmation. If the rally continues, we could see a 150% increase, aiming for a major resistance at $0.115. However, if it fails to maintain support at $0.041, the price could halve to $0.022.
BRC20COM (COM) has gained attention following the Taproot update for Bitcoin, which introduced smart contracts and tokens. Despite a lack of concrete steps until early 2023, BRC20 tokens have since seen significant interest. COM Coin could offer a good profit opportunity if discovered before the hype fades. With the price surpassing $3.60 and RSI confirmation, potential profit-taking targets could be $6.10 and $7.2. Yet, closing below $3.6 could lead to a pullback to $3.
The cryptocurrency market is dynamic, with various coins gaining attention at different times. The three mentioned coins, RSR, SNT, and COM, have shown signs of potential breakouts and could be ones to watch in the near future. Investors should be aware of the risks and volatility in the market, especially with lesser-known coins that can experience significant price swings.
As the cryptocurrency market continues to evolve, staying informed and cautious is key. While these coins have potential, the market’s unpredictability means that nothing is certain, and trends can change rapidly. Investors should do their due diligence and consider the market conditions before making any investment decisions.