Altcoins

Investors eye these top 3 altcoins for potential rally opportunities

Published

9 months ago

12 May, 2024

Investors eye these top 3 altcoins for potential rally opportunities

Finding the best altcoins that will rebound is not easy due to the unpredictability of the crypto market. However, with detailed market analysis, you can narrow down altcoins with a high chance of seeing a rally. Fantom (FTM), Ethena (ENA), and KangaMoon (KANG) are some of the top altcoins in the market with bullish sentiment. Although KangaMoon is still new and in pre-sale, analysts predict it will earn 50x in the coming months. Let’s see why you need to accumulate these tokens now.

KangaMoon (KANG) leads the way with giveaways and partnerships

As the crypto market continues to experience a retracement, KangaMoon is making waves with numerous partnerships and giveaways. A few weeks ago, KangaMoon partnered with RaidSharksBot to increase engagement across the ecosystem. KangaMoon didn’t stop there; the team also offered a monthly reward of $1,000 to users who joined the exciting raid and won.

As this milestone is celebrated, KangaMoon has launched the Kangameme competition, in which users can share their KangaMoon-themed meme on Twitter and Reddit and stand a chance to win $50 in weekly rewards. Apart from these, the KangaMoon ecosystem integrates P2E NFT games and a social-fi model. This means that users can participate in various activities and win rewards and prizes.

Users who win games are rewarded with KANG, virtual currency, or rare in-game items that can be traded or sold on the in-game market. To be part of this community that has seen over 22,000 registrations, purchase the KANG token right now for just $0.025. Those who bought the token early got a 400% return.

However, it is not yet too late, as analysts predict a return of 700% before the end of the pre-sale and 50 times after the listing on the CEX exchanges. The token is expected to be listed before the end of the second quarter, with experts predicting that the price will reach $0.5 within a few days of the listing. KangaMoon opens up the $176 billion gaming market for the benefit of all. It will be wise to accumulate one of the best altcoins now that it is selling for less than a penny.

Fantom (FTM) Maintains Resilience Despite Market Corrections

One of Fantom’s main goals is to solve problems associated with smart contract platforms, including transaction speed issues. Fantom aims to address these scalability issues using its Lachesis mechanism, which promises faster transaction processing and improved security. This attracted investors to the platform. Worth $0.34 in late January, Fantom’s price climbed above $1 in late March. However, the crypto market retracement forced the price lower.

Despite this, Fantom has maintained its resilience, holding its support above $0.50 over the past few weeks. With Fantom’s market cap still around $2 billion, there is huge room for growth. Some analysts are optimistic that Fantom will establish support above $1 in the coming weeks, making it one of the best altcoins to watch in May.

Ethena’s (ENA) bullish momentum is underway, as experts predict 100% ROI before the end of May

Although new to the crypto market, Ethena (ENA) is already laying claim to the billion-dollar altcoin market. The synthetic dollar protocol built on the Ethereum blockchain seeks to provide a crypto-native solution for money that does not rely on the infrastructure of the traditional banking system. Its non-dependence on traditional financial infrastructure has attracted investors to the project.

Data from CoinMarketCap shows that the token has gained over 40% since its launch, with Ethena’s market cap also over $1 billion. With Ethena’s growing trading volume and series of partnerships and adoptions, analysts estimate that Ethena price will trade above $2 in the second quarter. This puts it on our list of altcoins to watch in the coming weeks.

Discover the exciting opportunities of the KangaMoon (KANG) presale today!

Website: https://kangamoon.com/

Join our KangaMoon community: https://t.me/kangamoonofficial

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the reliability, quality or accuracy of the material contained in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned in this article. 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

Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.

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.