Altcoins

3 Altcoins to “Fly” with 50-100x Bull Run Potential

Published

8 months ago

10 June, 2024

4 Top Altcoins Set For 100X Gains In June 2024

The altcoin market has the potential to make the next bull run a historic one. For this reason, investors should be intentional with which altcoins they add to their crypto portfolios in 2024. Bitcoin and some tokens experienced a mini bull run in the first half of the year, some altcoins that will “fly” over the next few months could change the fortunes of many investors in the market.

Another Bitcoin price breakout would significantly impact altcoins like XRP, DOGE, and Notcoin. As FOMO spreads through the market, thereby improving market sentiment, it will lead to euphoria ahead of the peak.

Altcoin season, which describes a period in which altcoins support major rallies, could send these coins flying with a potential of 50-100x.

Investors will begin to see altcoin market caps reach unprecedented levels, ending with a classic local high ahead of the upcoming crypto winter. Timing these breakouts and tops is critical to buying when prices are low and selling high, creating value and avoiding bull traps.

With the Federal Reserve expected to hold the FOMC meeting starting June 12, market observers expect increased volatility this week. Likewise, the fed could hint at the first interest rate cut that could mark the start of a major rally in the stock and crypto markets.

Altcoins to steal – Notcoin

Over the past month, Notcoin has seen an increase of over 28%, reflecting increased investor confidence and a positive market outlook. Trading in a range of $0.0175 to $0.2, NOT coin has shown significant volatility over the past week.

Notcoin’s recent surge follows an announcement detailing significant user adoption and new engagement incentives.

Notcoin Price Chart

Notcoin demonstrates strong bullish momentum, indicating a possible entry into a bullish phase. If this trend persists, NOT could break above the $0.019 resistance level. This trajectory could push its value towards the $0.05 mark, eventually reaching $0.1 in the foreseeable future.

Conversely, if market sentiment turns negative, Notcoin value could find support around $0.018. A prolonged downturn could see the price drop to around $0.017, highlighting the volatility inherent in the cryptocurrency market.

Notcoin’s daily technical indicators reveal mixed market sentiment. The relative strength index (RSI) is 42.68, indicating a relatively neutral position, neither overbought nor oversold.

2. Dogecoin (DOGE)

Dogecoin price has been trending sideways lately, with bulls and bears fighting for control. Despite occasional rises and falls, the price remained in a narrow range, reflecting market indecision.

Over the past week, DOGE has declined by more than 10%, indicating bearish sentiment among investors. The meme coin is trading in a range of $0.14 to $0.16, reflecting increased market volatility. Most meme coins have also been trending sideways, with minor fluctuations failing to break through significant resistance levels.

Dogecoin Price Chart

With the current sideways market, Dogecoin is closely monitoring critical price levels. If DOGE exceeds $0.15, it may encounter significant resistance at $0.20. Breaking free from its long-standing business model would be a key step. Holding above this level could pave the way for Dogecoin to target more ambitious resistance at $1.

3.XRP

XRP price hovered above $0.5 during the US session on Monday. Its value increased by 1.4% in the last hour while maintaining an increase of 1.8% in 24 hours, CoinGecko the data shows.

The cryptocurrency community is eagerly awaiting the decision on the ongoing Ripple vs. SEC lawsuit. Meanwhile, it has been widely reported that the regulator may consider and prepare to appeal the decisions.

XRP Price Prediction | Commercial view

Brad Garlinghouse, CEO of Ripple, expressed optimism about a spot XRP ETF, saying this direction is inevitable. However, this will largely depend on the direction the trial takes in 2024 and its consequences in 2025.

At the same time, uncertainty could persist once the case is decided, as the SEC will likely appeal the July ruling on XRP secondary sales.

XRP dipped below $0.5 on Friday but stalled above the $0.49 level. Since then, a rebound has occurred and has regained ground above $0.5 to trade at $0.05 at the time of writing.

The 20-day exponential moving average (EMA) provides immediate support at $0.5116 as XRP Price forms the second consecutive four-hour green candle.

Based on the Relative Strength Index, which is currently holding at 51 since last week’s drop into the oversold region, XRP shows the potential to shape the uptrend to $0.6.

Traders would be willing to enter more buy orders above the neck resistance zone of the double bottom pattern to capitalize on a potential move towards $0.6. If this breakout materializes, XRP price could trigger FOMO to support a larger move towards $1.

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.