Now a days Godaddy allows us to buy a higher physical Resource Level. Buy 1024 and use less plugins, I had same issue with my site but I used fewer plugins and bought 1024 (Resource Level 2). Now my site is running well with 10k visitors daily.
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Edited to remove link to site - please do not include a link uncessarily as that's considered as self-promotion, which is not permitted here.
dan ♦
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Chetan Patel
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