Altcoins

3 Altcoins to Buy Before They Become Moonshots: June 2024

Published

8 months ago

12 June, 2024

Altcoins to Buy - Weird But Wonderful: 3 Altcoins With 10X Potential This Year

Source: Chinnapong / Shutterstock

In the cryptocurrency market, the term altcoin refers to any alternative to Bitcoin (BTC-USD) and sometimes Ethereum (ETH-USD). These coins and currencies may have more legitimate potential than the average meme coin, but do not have the same level of recognition as Bitcoin. As a result, their early prospects are limited and they tend to represent project value rather than a true alternative to fiat currency. So, what are the clues investors should look for to find the right altcoins to buy?

First of all, it always depends on the risk tolerance of the investor. Altcoins, while promising in terms of technological features, do not have the same stability as Bitocin due to their lack of widespread applications and adoption. So, the best altcoins to buy come down to two main factors: how big is the project in terms of funding and support, and how useful is its application? When investors diligently focus on these aspects, they mitigate risks more effectively.

Sei (SEI-USD)

An image of 4 cubes connected in a web; blockchain

Source: Venomous Vector/Shutterstock

Aiming to create the fastest parallel blockchain in the world, Sei (SEI-USD) has made its technology open source. The company, unlike other budding altcoin projects, is more focused on improving the current architecture of blockchain systems for the web2 iteration of the Internet. This goes against the broader crypto industry, as most other coins instead champion web3 features.

As a result, Sei’s design is hyper-focused on creating the fastest possible trading experience on Web2. This general-purpose approach means Sei relies on more standard solutions. layer 1 blockchain structure. For the associated investment token, these characteristics have made Sei stand out both among experts like Michael van de Poppe and more casual traders.

The result? Sei is finished 6000% last year and seems to have found a stable price around 52 cents. Now, with its growing popularity, the play may soon break out in its next broadcast.

Celestia (TIA-USD)

futuristic image of a hand with the words blockchain floating above it. representing the actions of the anti-riot blockchain

Source: Shutterstock

Another blockchain game, Celestia (TIA-USD) focuses more on adaptability and availability to provide users with a competitive advantage. The platform allows developers to take a common Ethereum stacking framework or virtual machine and create their custom blockchain. With a focus on personalization, Celestia could see its prospects grow rapidly if interest in blockchains continues to grow.

Additionally, the platform’s design allows for maximum compatibility with other projects by enabling verification through the use of what it calls “light nodes.” These code commands allow anyone using Celestia to check the availability of data on the blockchain. As a result, TIA is rising 360% over the past year and has comfortably found a new price floor around the $9-$10 range.

Additionally, the company’s efforts toward scalability and improving community coherence mean it has potential for organic growth. This user-driven growth would then increase both its popularity and use cases, thereby increasing its value. These factors make TIA one of the best altcoins to buy.

Ondo (ONDO-USD)

An image of a laptop with financial icons coming out of the screen; chart, mail, house, money; technology stocks

Source: Sittipong Phokawatana/Shutterstock

A newly created crypto in January 2024, Ondo (ONDO-USD) is the governing token of the nonprofit organization Ondo Foundation. The company’s mission statement is to promote financial inclusion and efficiency by offering high quality financial products and services. This includes funding projects that advance the adoption of crypto technology and raising awareness of the benefits of asset tokenization.

To make this process more democratic, the company launched the Ondo token as a way to distribute voting power. Those who invest in the foundation by purchasing the token have more voting power in its decision making process. This closely reflects how major shareholders have a say in a publicly traded company’s decision-making.

In this case, the Ondo token commercial value arises directly from the number of people investing in the project. Since it aims to fund and raise awareness for asset tokenization, Ondo could generate significant value for its token holders.

As of the date of publication, Viktor Zarev did not hold (neither directly nor indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publishing Guidelines.

Viktor Zarev is a scientist, researcher and writer specializing in explaining the complex world of technology stocks with a focus on accuracy and understanding.

Fuente

Altcoins

Long-Term Impact of Ethereum ETF on Cryptocurrency Market

Published

6 months ago

29 July, 2024

CoinFlix Staff

Long-Term Impact of Ethereum ETF on Cryptocurrency Market

Popular crypto analyst Michael van de Poppe has highlighted his altcoin portfolio approach in light of the new Ethereum ETF. In a recent Youtube videoThe analyst explained the measures he would take for this major market event.

The Ethereum ETF was listed on the stock exchange and it took time to get approval and so far there has been no significant change in price. The analyst pointed out that the long-term effect could be quite significant, comparing it to the situation of the Bitcoin ETF where the initial decline was followed by large inflows.

According to Van de Poppe, the Ethereum ETF’s trading volume on the first day of trading was about 25% of the volume Bitcoin ETF He noted that the first day of trading was marked by low inflation, and said there was a net inflow of $150 million to $160 million, which reduced the available supply.

Altcoins are poised for growth

The analyst said that as Ethereum adoption increases in the future, the supply of Ethereum will decrease, which is a deflationary model. Ethereum is up about 15% since the ETF approval, the broader market reaction has yet to happen as several sell-offs have taken place, including the Grayscale Trust.

Van de Poppe also mentioned other important market events, including the end of Mount Gox The process of repaying creditors initially caused tensions in the markets, but had little effect subsequently. It also highlighted the role of macroeconomic factors, which can lead to Fed rate cuts, which can affect markets.

In this regard, looking at van de Poppe’s strategy, he is still keen to trade within the altcoins of the Ethereum ecosystem. He stated that there is a possibility of short-term price fluctuations that may discourage many people, but the long-term still looks good due to the improvement and adaptation that has been made to Ethereum and its environment.

According to the analyst, substantial inflows could propel Ethereum towards new historic highs with estimates ranging from $5,000 to $7,000. Despite the current market fluctuations, he is confident that macroeconomic changes and greater liquidity will be favorable for altcoins.

He explained that his broad approach to altcoins, especially those associated with Ethereum, will be beneficial because the market will react differently to these events. The basis for his optimism comes from the fact that he believes that Ethereum and all associated projects are still extremely undervalued and have the potential to skyrocket as sentiment changes.

Looking ahead and market adjustments regarding the Ethereum ETF and other macroeconomic factors, the analyst remains bullish on altcoins. He suggested investors stay informed and believe that in the ever-changing world of crypto, they will eventually be rewarded.

Fuente

Altcoins

Altcoins Are Severely Undervalued, Awaiting Ethereum Move | Flash News Detail

Published

6 months ago

28 July, 2024

CoinFlix Staff

IntoTheBlock Releases Report on Institutional DeFi Trilemma

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Fuente

Altcoins

Altcoins Correct Amid ETH Decline, Grayscale Outflows | Flash News Detail

Published

6 months ago

28 July, 2024

CoinFlix Staff

Disclaimer

Fuente

Altcoins

Epic Altcoin Rally Expected for August and September

Published

6 months ago

28 July, 2024

CoinFlix Staff

Crypto analyst predicts massive altcoin rally similar to Q1 2024, urging patience and accumulation.
Bitcoin’s potential as a reserve asset and its technical patterns suggest that it will drive the rise of the cryptocurrency market.

Captain Faibik, a renowned crypto analyst, has created excitement in the cryptocurrency sector with his latest prediction. He indicated that we are on the cusp of a massive altcoin rally, similar to the one we saw in Q1 2024.

We are on the verge of a massive Altcoin rally, similar to Q1 2024📈

Keep accumulating and hold with patience. (Patience will be rewarded)

The majority of #Altcoins have already hit rock bottom and are about to escape.

In my opinion, August-September is going to be epic for Altcoins.🚀🚀#Crypto pic.twitter.com/cMdHagiaYc

— Captain Faibik (@CryptoFaibik) July 24, 2024

Accumulating and Holding Altcoins: The Path to Potential Profits

He stressed the need to accumulate altcoins and hold them patiently, as it will eventually pay off. According to him, the majority of altcoins have already bottomed out and are about to break it. He believes August and September will be epic months for altcoins.

In a chart posted by Captain Faibik, the overall crypto market cap, excluding Bitcoin and Ether, known as TOTAL3, is approaching the upper boundary of a descending channel pattern.

This context suggests a potential breakout and a significant rally towards the $1 trillion mark. Technically, the decline since mid-March is interpreted as a corrective trend for the value of TOTAL3, signaling a preparation to enter a rally structure.

Bitcoin’s influence and legislative developments suggest good prospects for the future

Furthermore, based on sentiment and technical patterns, Bitcoin, the world’s leading cryptocurrency, appears poised to lead the charge in the cryptocurrency market. Bitcoin’s performance often sets the tone for the market as a whole, and a strong move in BTC could trigger a significant rally in altcoins.

Previously, as we have already said reportedSenator Cynthia Lummis said she plans to introduce a bill at the upcoming Bitcoin conference that would require the Federal Reserve to hold Bitcoin as a reserve asset.

If this law passes, the US will treat BTC as a long-term investment rather than selling huge amounts infrequently, which could disrupt the market.

In addition, asset management firm VanEck has proposed a bold scenario in which Bitcoin Price Could Reach $2.9 Million Per BTC By 2050based on its fundamental outlook. Matthew Sigel, head of digital assets at VanEck, and senior investment analyst Patrick Bush noted that their estimate is based on Bitcoin’s adoption as a global medium of exchange and reserve asset.

As Bitcoin price increases, altcoins are expected to gain popularity, indicating the start of a bullish rally shortly after the BTC halving event.

Meanwhile, at the time of writing, the price of BTC was hovering around $67,007.99up 4.67% over the past 24 hours following a short-term correction.