With the news of Ethereum ETFs trending across the crypto market, many analysts are optimistic that the price of many altcoins is about to skyrocket to $1. However, Floki and Notcoin, which are currently trading in the red region, might have a tough time hitting this target due to their high market caps.
On the other hand, Axmint is soaring on the price charts as one of the few coins with profits. Analysts predict its low market cap makes it a prime candidate for massive gains.
Analyst Set Price Targets for Floki (FLOKI) This Altseason
The price of Floki (FLOKI) has dropped on the weekly and monthly timeframes, mirroring the bearish sentiment in the general crypto market. However, analysts have reacted to the losses with bullish predictions. KingsCharts gave three potential targets that the Floki Inu coin could reach in the coming months.
The first target is $0.000369, while the second is $0.000668. If the altcoin can cross both levels, it could rise to the third target, $0.000991. Looking at the $1 target, the chances of Floki reaching this mark is very slim. Its market cap would have to increase by over 4000x for it to reach this level, which is very hard.
Notcoin (NOT) Price Drops But Analysts Predict Future Gains
Notcoin (NOT), the Telegram-based tapping game which was launched at the beginning of this year, wowed the crypto community after its listing a few weeks ago. The gaming token climbed the crypto ladder quickly reaching a market cap of over $1 billion and an all-time high of $0.02896.
However, the Notcoin price has dropped in the past month due to the bearish pressure in the crypto market, but market experts remain bullish about its potential.
Asadkvng predicts the price of Notcoin could rise to $0.0230 in the short term. However, hitting the $1 mark, even during an alt season, could be a major hurdle for the gaming token due to its high market cap. Its price and market cap would have to increase by over 50x for this to happen, which makes it less likely.
Axmint Has a Better Chance of Clenching the $1 Mark
While Floki and Notcoin’s high market cap might be a major obstacle for them to reach the $1 region, analysts believe Axmint is the best cryptocurrency for the job. It is currently trading at Dex$trade with $0.66 with yesterday’s new ATH $0.69. The current burning event of Axm tokens impressed investors with a new ATH so there is a high chance of the token jump to $1.
Also, data from two platforms, Dextrade and CoinMarketCap, shows that its market cap is still very low, compared to the $1 billion projections for this bull cycle. Going forward, Axmint plans to list their token in Big Exchanges Like Binance, Bitgert, and so on.
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