Altcoins

Market Rebound: These Battered Altcoins Could Soon Become Favorites

Published

6 months ago

27 July, 2024

Market Rebound: These Battered Altcoins Could Soon Become Favorites

The cryptocurrency market is on the verge of a potential shift. Recently undervalued altcoins could be gearing up for a remarkable surge. This article examines the digital assets that are poised for a comeback. Discover the cryptocurrencies that experts believe are positioned for substantial growth and could soon lead the market recovery.

CYBRO Presale Surpasses $1.3M: A One-of-a-Kind DeFi Investment Opportunity

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With only 21% of the total tokens available for this presale and around 64 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that is truly one in a million.

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Toncoin Shows Bearish Signs But Maintains Growth Potential

Toncoin (TON) is currently trading between $6.90 and $7.55, reflecting bearish activity with a recent 6.90% drop over the past week and a decline of nearly 10% for the month. The bears appear to be in control, but the coin still has room to grow. The immediate target is to break through the resistance at $7.93. If successful, TON could target the $8.58 mark, which represents a solid 22% increase from its current upper range. Support levels at $6.62 and $5.97 provide a safety net. With a six-month gain of over 224%, the coin’s long-term outlook remains bullish despite the recent downturns.

Notcoin (NOT) Fluctuates with Bearish Signs, Growth Potential Exists

Notcoin (NOT) is experiencing a choppy market, with its price currently trading between $0.0148 and $0.0176. The bulls appear weak with recent declines of around 10% over the past week and month. However, a look at the past six months shows a massive 604.1% upside. Notcoin is hovering just above its 10-day and 100-day moving averages, and with a Relative Strength Index of 58.85, it is approaching an overbought condition. If buying pressure increases, NOT could break out of the nearest resistance at $0.0192, targeting $0.0220, representing a potential 50% upside from the lower end of its current range. However, failure to hold current levels could see it drop to $0.0135 or even $0.0107.

Mog Coin (MOG) Price Remains Stable Despite Market Uncertainty

The current price of Mog (MOG) coin is trading between $0.00000194 and $0.00000262. The bulls appear slightly stronger as the price remains above the 10-day and 100-day averages. The coin is facing resistance around $0.00000289 but is finding support at $0.00000153. Over the past six months, MOG coin has surged by over 100%. If it breaks above its current resistance, it could potentially reach around $0.00000358, marking a significant growth of over 40%. The RSI of 60.41 suggests moderate buying interest, indicating room for further growth. The overall trend is promising, but the short-term decline of almost 7% demands cautious optimism.

Starknet (STRK) Hovering Near Support, Bulls Hoping for a Bounce

Starknet (STRK) is trading between $0.56 and $0.66. The bulls appear weak, with the coin having dropped nearly seven percent in the past week and over twenty-six percent this month. Yet, it is still up over one hundred and sixty-four percent in six months. The closest support level is at $0.51, while resistance is at $0.70. The RSI is just above the average range, near fifty-eight. The stochastic is high at ninety-six, suggesting a potential overbought condition. If bullish momentum resumes, STRK could climb to the second resistance at $0.80, a potential increase of around twenty percent from the current range.

Conclusion

The recent market surge highlights some altcoins with modest near-term potential, including TON, NOT, MOG, and STRK. However, CYBRO presents a more interesting opportunity, thanks to its advanced DeFi platform. It uses AI to optimize yield aggregation on the Blast blockchain. CYBRO attracts investors with features such as high staking rewards, exclusive airdrops, and cashback on purchases. Apart from seamless deposits and withdrawals, it emphasizes transparency, compliance, and quality. Due to the strong interest from whales and crypto influencers, CYBRO stands out as a promising project poised for significant appreciation.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

Disclaimer: This is a paid release. The statements, views, and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of any information available in this content. Do your research and invest at your own risk.

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

Disclaimer

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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.