Altcoins

5 Lesser-Known Altcoins to Buy Amid Bitcoin’s Rebound

Published

8 months ago

17 May, 2024

As Bitcoin rebounds, the spotlight is often on well-known cryptocurrencies. However, interesting opportunities lurk among less famous coins that could show potential during a market rally. Identifying them could be essential for those looking to diversify their portfolios. This article explores five promising cryptocurrencies that may not be on everyone’s radar, but could offer interesting prospects in the current bull run.

BlastUP Presale Reaches $6M, Investors Rush to Buy $BLP Before May Ends

BlastUP’s ongoing pre-sale is nearing completion, as it has already crossed an important threshold: over $6 million has been raised so far. More than 15,000 savvy investors have already purchased BlastUP tokens before their value skyrocketed.

The presale runs until the end of May, so you have time to increase your crypto holdings with BlastUP, the asset poised to generate explosive returns of up to 1,000%. Currently selling for pennies on US dollars, BlastUP tokens are expected to reach $10 by the end of this year.

BlastUP token holders can enjoy a number of privileges, including participation in an Airdrop, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

BlastUP stands out from the rest in the crypto world. Backed by Blast, TVL’s sixth largest blockchain, it offers real utility as a launchpad for DApp projects. With its motto Grow Faster, Earn More, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP are now part of a project poised to become the next big thing in this bull run.

Time is running out – Buy $BLP before the end of May!

Chia sees stable outlook amid market wobbles

Chia market sentiment appears cautiously optimistic as recent trends show a balance between gains and stability. Despite slight weekly setbacks, its medium-term growth remains substantial, demonstrating its resilience. This progress could be supported by Chia’s innovative approach to cryptocurrency, involving a unique “farming” rather than “mining” process, which promises more energy-efficient and sustainable operation. Given the growing interest in eco-friendly blockchain solutions, Chia’s consistent performance and sustainable features could attract investors looking for a greener crypto future.

Jupiter Market Sentiment Shifts After Impressive Rally

After experiencing a significant rise in its value, the price of Jupiter appears to be consolidating. Investors are watching it closely as it trades in a narrow band below the first ceiling that it struggles to breach, but comfortably above a price floor that prevents further declines. Its short-term trend remains stable, balancing with holders’ long-term optimism. The general mood is cautiously optimistic, with recent performances injecting vigor into discussions. How Jupiter performs in the coming trading sessions could provide insight into its ability to maintain the remarkable trajectory it has charted over the past few months.

Dymension faces market volatility amid strong growth

The Dymension token has experienced rollercoaster market movements, with a significant rise over a six-month period and recent short-term downward trends. As traders search for a stable base, the token oscillates around the known lower and upper price limits which serve as frequent points of contact. Sentiment appears cautious as key price thresholds await challenge, while relevant analysis suggests indecision. Given that Dymension offers decentralized finance solutions – a hot sector in the crypto world – its adoption and utility could steer its trajectory, potentially surpassing short-term hassles with its innovative approach.

dYdX faces headwinds amid bear market

The market mood for dYdX appears cautious with prices having seen a recent decline and the coin navigating choppy waters. Despite some brief rebounds, ever-lower highs suggest investors are hesitant. This slowdown aligns with a difficult period for the digital currency, as the average price assessment over the past few days shows a decline. Add to that a general momentum indicator that leans toward uncertainty, and it’s clear that traders are watching for signs of a broader slowdown or potential recovery.

Conclusion

Among the altcoins discussed, XCH, JUP, DYM and dYdX are promising but with modest growth potential in the short term. BlastUP, for its part, stands out with significant potential, supported by its innovative concept and its integration within the Blast ecosystem. This positions it for strong performance during the ongoing bull run.

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.