The cryptocurrency market is once again opening opportunities for investments, with five altcoins - Internet Computer, Toncoin, Injective, Cardano, and Ethena - drawing attention. Let's explore what would happen if you invested $1000 in each of these tokens.
Internet Computer (ICP): Ready for a Breakout?
Internet Computer (ICP) is trading at $5.08, with resistance around $5.20–$5.35. If ICP breaks above this zone and closes above, it could lead to a rise towards $6.50. A $1000 investment would buy about 196.85 ICP tokens, which would be worth $1,279.53 if the price reaches $6.50.
Toncoin (TON): Potential Rise After Consolidation
Toncoin is holding support near $3.12 and facing resistance at $3.21. If it breaks above $3.25, a rally towards $4.00 is possible. Investing $1000 now would get you approximately 314.10 TON tokens, and if the price rises to $4.00, your investment would be valued at $1,256.4.
Injective (INJ): The Most Bullish of Them All?
Injective (INJ) is priced at $12.94, and its recent rise above key moving averages suggests a possible return to recent highs around $18. A $1000 investment would yield about 77.28 INJ tokens, which could reach $1,391 if INJ hits $18.
Investing in these altcoins could prove profitable if key resistance levels are successfully breached. However, it is essential to remember the risks associated with the volatility of the cryptocurrency market.
