Altcoins

5 Undervalued Altcoins To Buy After Bitcoin Price Explodes?

Published

7 months ago

16 July, 2024

5 Undervalued Altcoins To Buy After Bitcoin Price Explodes?

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Bitcoin’s price is now on the verge of hitting $64,000, while Ethereum’s has already surpassed $3,400. Both cryptocurrencies are up nearly 6% today to start the week.

While some experts believe that Bitcoin could hit $70,000 by the end of July, it is altcoins that are in the spotlight.

Michael van de Poppe of MN Trading believes that the altcoin market correction hit a local bottom nearly two weeks ago and is about to see a bullish reversal. He says the second half of the year will likely be “all up,” which could see Ethereum price reach the $6,000-$8,000 range.

He also expects undervalued altcoins to rise 5-10x.

THE #Altcoin The cryptocurrency market capitalization ended its correction two weeks ago.

The second half of the year will be only positive.

We will likely see 5-10x rallies in altcoins and ETH to $6,000-8,000. pic.twitter.com/eM3KS7Jwai

— Michaël van de Poppe (@CryptoMichNL) July 15, 2024

5 Undervalued Altcoins to Buy Now

Bitcoin’s price recently hit $54,000, driven by massive selloffs from Genesis and the German government. At that price point, it was nearly 27% below its all-time high.

However, several altcoins are significantly below their respective highs, providing an excellent opportunity to buy the dip.

We list 5 undervalued altcoins – including new cryptocurrencies – that could deliver exceptional returns in the next bull market.

XRP (XRP)

XRP has been largely sidelined from the cryptocurrency bull rally of the first quarter of this year. In fact, it is down nearly 25% from last year and 86% from its all-time high.

However, it is extremely unlikely that one of the most popular and seventh-largest cryptocurrencies on the market will not reach its all-time high during this bull cycle. Therefore, experts believe that the XRP price breakout is not a matter of when, but of time.

XRP is also expected to be one of the assets that will benefit the most from a Trump presidency. Judge Analisa Torres has already ruled that XRP is not a security and that Ripple’s programmatic sales do not violate the Securities Act.

While the SEC could technically appeal Torres’ decision, the likelihood of that is greatly diminished under Donald Trump’s pro-crypto presidency.

As Trump’s chances improve after his failed assassination attempt, XRP could become one of the best performing cryptocurrencies in the coming months.

Dogecoin (DOGE)

Meme cryptocurrencies have been the most in-demand assets during this bull cycle. However, market leader Dogecoin is down 83% from its all-time high.

Experts believe that this could change during the second stage of the cryptocurrency bull market. In fact, analysts remain confident that the price of Dogecoin will reach $1 during this bull cycle.

If this Doge price prediction comes true, it could mean returns of over 8x for investors who buy the meme coin today.

Dogecoin is another undervalued altcoin that could benefit immensely from a Trump presidency. The world’s richest man, Elon Musk, has now endorsed Donald Trump following his assassination attempt. Reports earlier this year also revealed that the two men had discussed the possibility of Musk having an advisory role in the Trump administration.

Given that Dogecoin is Musk’s favorite cryptocurrency, expect it to surge as Trump becomes increasingly the favorite to win his White House bid.

PlayDoge (PLAY)

Meme coins tend to move in groups and often have strong correlations with each other. For example, a rise in Dogecoin should provide a major boost to other Doge-themed tokens.

Therefore, experts are optimistic about PlayDogea GameFi meme token that has already raised over $5.6 million in its ongoing presale. They claim that this strong initial demand is just the beginning, and that the new meme token has the potential to generate returns of up to 100x due to its small market cap.

The demand for GameFi tokens is extremely high, especially after the success of Notcoin and Hamster Kombat. PlayDoge has been able to meet this demand with its Tamagotchi-style play-to-earn game.

Players can pet the iconic Doge character as if it were their own pet. They must play with, train and feed their pet or watch it die or run to another home. In addition, they can complete a series of 2D games – similar to 8-bit side-scrolling games – and earn free cryptocurrencies.

In order to capture maximum retail investment, PlayDoge has also launched multi-chain staking and is offering lucrative yields on BNB Smart Chain and Ethereum. Investors can start accumulating rewards right from the pre-sale itself.

Grandpa (PEPE)

Pepe’s price has increased by over 500% in the past year. And yet, it comfortably makes our list of the best undervalued altcoins to buy.

On the one hand, the frog-themed meme coin is nearly 40% below its all-time high, despite rising more than 20% today.

Second, PEPE is probably the best ETH beta play on the market and often acts as a leveraged Ethereum.

With ETH spot ETFs starting trading this week, it wouldn’t be surprising if PEPE hits a new all-time high this month.

Several experts believe that Pepe coin could topple Shiba Inu during this bull cycle and could still generate returns of up to 20x this cycle.

Pepe Unchained (PEPU)

As mentioned earlier, investing in meme coins is all about finding correlations. A bullish rally in Pepe should provide a significant boost to other frog-themed meme coins.

In such a scenario, experts believe that Pepe Unleashed could be the best alternative to PEPE in the market that could offer returns of 10x to 100x.

The project recognizes that despite the popularity of new Ethereum meme coins, they experience low retail investment due to high blockchain fees. Pepe Unchain has solved this problem by launching its own Layer-2 chain, a rare initiative in the meme coin space that is already yielding results.

In fact, Pepe Unchained currently offers an APY of over 500%, well above the industry standard.

Unsurprisingly, PEPU has already raised over $3.5 million in its ICO in just a few weeks.

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.