The market-wide dip in late May has created excellent buying zones across the market, and investors are now hunting for tokens with breakout potential as crypto shows signs of a recovery.
Let’s examine five tokens that could outperform the competition and prove net big gains this month.
BTC Bull Token (BTCBULL)
With Bitcoin (BTC) back above $105,000 after dipping to the $103,000 level on May 31st, the leading cryptocurrency seems to be gearing up for another surge, which BTC Bull Token can capitalize on.
That’s because the project features a unique roadmap that distributes rewards to the BTCBULL community based on Bitcoin’s performance.
There will be two BTC airdrops, scheduled to be distributed once Bitcoin crosses $150,000 and $200,000, and a massive BTCBULL airdrop that will occur once Bitcoin reaches $250,000.
As Bitcoin grows, a total of 15% of the BTCBULL supply will be removed from circulation, thanks to its token burns outlined in the roadmap.
Investors have a limited opportunity to secure BTCBULL at a discount, as its current per-token price of $0.002545 will rise as the presale progresses.
The BTC Bull Token presale ends on June 30th, which could coincide with a massive BTC breakout. Visit BTC Bull Token.
Walrus (WAL)
Launched this March at $0.3667, Walrus reached $0.5949 in early April despite the negative market conditions, surging to its all-time high (ATH) of $0.8742 by mid-May.
However, the token took a sharp downturn, dipping to the $0.4736 level on June 1st and bouncing back to $0.5 since then.
Expecting WAL to dip between the $0.4 and $0.45 levels before its next breakout, analyst Solbeg Invest anticipates a push to the $1.5 level once the consolidation phase ends. That would represent a 3x surge from its current price, making it a solid buy zone.
Despite its relatively recent launch, Walrus Foundation has already secured a partnership with Chainbase, which will store its entire 300 terabyte dataset using its decentralized storage technology.
As the Walrus network’s native token, WAL is used to power the on-platform transactions, including the purchase of data storage and retrieval services. As such, it could achieve rapid growth as the network’s adoption increases.
Snorter (SNORT)
Snorter seeks to simplify Telegram-based trading with the launch of Snorter Bot. Designed for convenience, the trading bot will reduce fragmentation for its users by providing them with an in-app overview of their portfolio, key token metrics, and other data.
The trading bot’s native token will unlock an invaluable benefit for its users, as those holding SNORT will face just 0.85% fees while trading, which is well below the standard 1% fee other bots charge.
Additionally, it’s expected to outperform the currently available solutions with transactions that take less than a second to finalize and built-in protection from risks associated with malicious smart contracts.
Presale expert Jacob Crypto Bury expects Snorter to dominate the Telegram trading bot sector once it’s released, commending its strong feature set and impressive early adoption rates, with almost $400,000 raised so far.
Boasting features such as sniping, scheduled buying, MEV protection, and more, Snorter Bot’s performance could attract an increasing number of investors once released, potentially pushing Snorter’s price upward. Visit Snorter.
Phala Network (PHA)
PHA holders can use the token for several purposes in the Phala Network ecosystem, including paying for computation services, staking for network security, and participating in governance decisions.
As a platform, Phala Network helps developers build applications in a privacy-focused environment, as it leverages blockchain technology and Trusted Execution Environments (TEEs) to deliver a scalable and trustless service.
PHA has experienced drastic price fluctuations over the past few years, rising from $0.1 to its ATH of $1.41 in 2021 and then declining to its current price of $0.139.
However, PHA is showing strength with 36.71% gains over the past 30 days. Plus, the token’s long/short ratio of 1.7 shows that traders trust in its potential to grow further.
Pushing beyond $0.141 would place PHA above its 200-day Simple Moving Average (SMA), which typically signals strong long-term potential. Chart expert Cryptobull supports that sentiment, predicting a 589% surge for the token over the next few weeks.
Pendle (PENDLE)
Pendle is innovating in the future yields trading space with its unique mechanism that separates ownership of a yield-bearing asset from its future yield.
Using its platform, users can sell their rights to future yields to convert them to immediate liquidity. PENDLE is at the center of its ecosystem, as holding it grants the network’s users governance rights and allows them to benefit from staking.
Technical analyst DeFi Edward pointed out that Pendle’s massive Total Value Locked (TVL), currently at $4.3 billion, is well above its market cap of $700 million.
That typically signals that a token is undervalued relative to its actual usage and capital committed to the protocol, which fuels bullish sentiment around Pendle.
The analyst believes Pendle is preparing to reach a new ATH this year, placing a target at the $10 level.
Another technical indicator that supports its potential to grow in the short term is the formation of a Golden Cross, as its 50-day SMA is currently above its 200-day SMA.
