Altcoins

Altcoins Poised for 3x Jump if Bulls Keep Running

Published

8 months ago

26 May, 2024

Altcoins Poised for 3x Jump if Bulls Keep Running

The current uptrend has seen the price of Bitcoin reach over $70,000 for the first time since the Bitcoin halving. As analysts predict the rally to continue, Gala (GALA), Kaspa (KAS), and KangaMoon (KANG) are expected to come back 3 times in the coming weeks. While the price of Gala fell last week, that of Kaspa and KangaMoon is increasing. With the KANG token listing coming in the coming days, the token could yield over 10x earnings in the short term. Let’s take a look at why these altcoins are poised for growth.

KangaMoon Set to Skyrocket 600x as Bitmart Listing Approaches

With the launch of KangaMoon very close, the native token, KANG is one of the top altcoins projected for massive rallies in the coming weeks. Whales are already accumulating tokens in anticipation of a rally. Those who saw the potential of KANG early and purchased the token saw a 400% return. With its listing on BitMart coming, a rally is in sight.

Although Gala and Kaspa are expected to see massive rallies, both are unlikely to match KangaMoon’s return in the coming weeks. The KangaMoon ecosystem is already growing with over 32,000 members and 10,000 token holders. As more CEX exchanges list the token, popularity will increase. Thus, the price of KANG increases and makes it one of the best altcoins in the market.

Having been listed in CoinMarketCap and CoinGecko, KANG could emerge as one of the top 10 altcoins of June. Some analysts predict a 100-fold increase in the coming months. As such, KANG price could reach $1 sooner than expected. Currently, the KANG token is being sold for just $0.025. Recently, KangaMoon partnered with Telegram bot, RaidSharksbot, to boost engagement.

Those who join the exciting raid have a chance to win a monthly reward of $1,000. Additionally, the team unveiled the Kangameme context which also rewards users with $50 per week. With 25% of the total supply reserved for in-game rewards, more incentives are on the way. In terms of security, the smart contract has been audited. With the current trajectory, KANG could make 20x during the next bull run.

The market capitalization of the Gala is expected to reach $2 billion

Gala appears to be recovering from the latest hacking incident. After a hack devastated the ecosystem, the team recovered over $20 million in Ethereum. To deal with the incident, the organization proposed burning 4.4 billion Gala tokens, a move that could stabilize the price. The Gala Prize reacted positively to the news.

According to CoinMarketCap data, the token has gained slightly in recent days. Additionally, Gala’s market capitalization is now close to reaching $2 billion. Meanwhile, Gala is trading above the 50-day and 200-day SMAs. Although Gala market sentiment is neutral, analysts predict a rebound and possibly a rally soon. As such, many Gala price predictions tip the price to retest $0.08 in June and $0.1 in Q3, making it one of the best altcoins to watch in Q3.

Kaspa Price Prediction: Will It Hit $0.5 Before Q2?

Kaspa (KAS) is one of the altcoins that saw a remarkable rally over the year, with the price reaching the ATH of $0.18 on February 20. Since then, the price of Kaspa has fallen. However, the Kaspa token has sparked a new wave of rally over the past few weeks. Data from CoinMarketCap shows that the coin has gained 15% over the past week as the bulls return.

Kaspa’s key market indicators have also been green for days as analysts anticipate a rally. With these positive signs, Kaspa’s market capitalization is expected to reach $4 billion as soon as trading volume increases. Kaspa market sentiment is bullish and if the bulls continue to hold the current support level of $0.13, experts believe that Kaspa price will reach $0.5 in the third quarter.

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

Website: https://Kangamoon.com/

Join our Telegram community: https://t.me/Kangamoonofficial

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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.