Altcoins

Expect Altcoins to Surge This Week: Major Cryptocurrencies Eye 75% Gains

Published

6 months ago

27 July, 2024

Altcoins are set to see a potential surge this week, with some showing signs of massive growth. Investors are excited as several leading cryptocurrencies could soon see significant gains. The market is abuzz with speculation that cryptocurrencies could see a surge of up to 75%. This article will reveal the altcoins to watch closely for potential profits.

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Aptos (APT) Struggling as Bulls Aim for Higher Highs

Aptos (APT) is currently trading between $6.88 and $7.81, showing some weakness as the bears have gained a slight advantage. Despite the recent decline, the bulls remain optimistic, eyeing the nearest resistance level at $8.15. If broken, APT could surge towards the next barrier at $9.08, marking a potential upside of around 16% from current levels. With the RSI at 62.81, the coin has room to rise but must first overcome the challenge of breaking above $8.15 to make significant gains. For now, cautious optimism surrounds APT’s next moves.

LayerZero (ZRO) Wavers as Bulls and Bears Battle in Tight Range

LayerZero (ZRO) is currently trading between $4.14 and $5.87. With a price change of over 64% in the past month and a staggering 356.4% over six months, the coin has shown strong growth potential. However, the bulls seem to be struggling with the nearest resistance at $6.53. The Relative Strength Index is hovering near neutral at around 50, and the moving averages are painting a mixed picture. If ZRO breaks the nearest resistance, it could potentially surge another 40% to the second resistance at $8.27. But if the bearish pressure increases, the coin could test the support at $3.06 or even $1.32. The next few weeks will be crucial in determining its direction.

zkSync Shows Resilience Despite Slight Downtrends

The price of zkSync (ZK) is currently trading between $0.17 and $0.21. Despite a weekly decline of around 4% and a monthly decline of 5%, the cryptocurrency is showing promising growth over six months with a 69% increase. The closest resistance is located at $0.23, while a strong support is found at $0.14. Key indicators like the RSI at 53.06 and Stochastic at 89.52 suggest mixed signals, but the overall sentiment leans towards cautious optimism. If the bulls take charge, the price could reach $0.27, a 30% increase from current levels.

JasmyCoin Receives Mixed Signals Amid Turbulent Price Movements

The current price of JasmyCoin is hovering between $0.0269 and $0.0328, which shows a fierce fight between the bulls and the bears. Recently, its price has climbed less than 1% over the past week but has fallen by almost 9% over the past month. Despite this, JasmyCoin has surged by over 435% over the past six months, suggesting strong long-term potential. The immediate resistance level lies at $0.0353, followed by $0.0413, which suggests possible gains of up to 25% if the bulls regain strength. On the downside, the supports at $0.0234 and $0.0175 could limit losses. With indicators like the RSI near 62 and the Stochastic above 90, the JasmyCoin market remains an exciting market to watch.

Conclusion

Among the mentioned cryptocurrencies, APT, ZRO, ZK, and JASMY have less potential in the short term. The focus is on CYBRO. This advanced DeFi platform offers investors the opportunity to increase their profits through AI-powered yield aggregation on the Blast blockchain. Features such as high staking rewards, exclusive airdrops, and cashback on purchases enhance the user experience. Easy deposits and withdrawals are ensured. CYBRO emphasizes transparency, compliance, and quality, attracting keen interest from crypto whales and influencers.

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This is a sponsored post. The opinions expressed are solely those of the sponsor and readers should do their own due diligence before taking any action based on the information presented in this article.

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.