Altcoins

Why is the market crashing and which cryptocurrency will rebound first?

Published

7 months ago

26 June, 2024

Why is the market crashing and which cryptocurrency will rebound first?

A bull run and altcoin season are just around the corner. The overall market picture looks calm but promising. Altcoins remain at their all-time lows, ready to surge at any moment. The atmosphere is tense with anticipation, fueling curiosity about which cryptocurrencies will lead the charge in this uptrend. This article takes a look at the key players ready to bounce back, offering a tantalizing glimpse at potential winners. Digging through market patterns and expert insights, it highlights tokens poised to deliver impressive gains. Discover the coins poised to make significant moves and find out which one could break out first in the much-anticipated surge.

CYBRO Presale Surpasses $1 Million: A One-in-a-Million DeFi Investment Opportunity

CYBRO draws attention from crypto whales as its exclusive token presale quickly exceeds 1 million dollars. This tip DeFi Platform provides investors with unparalleled opportunities to maximize their income in all market conditions.

Experts predict potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare and technologically advanced project has already attracted prominent crypto whales and influencers, demonstrating great trust and interest.

CYBRO token holders will benefit from lucrative income staking rewards, exclusive airdropscashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and around 25 million already sold, this is a golden opportunity for savvy investors to get a stake in a project that truly represents a one-in-a-million stake.

Improve your crypto portfolio with CYBRO! Sign up NOW and aim for future returns of up to 1,200%!

Solana in the Spotlight: Are the Bulls Ready to Push Higher?

Solana (SOL) has faced a roller coaster ride. Currently trading between $120.65 and $144.15, the bulls appear to be struggling a bit. With the recent decline, SOL is down about 16% over the past week and 24% over the past month. However, there remains hope of a rebound. The closest resistance lies at $159.67, and a break above could send prices up around 10%. If momentum builds, hitting the $183.17 mark would mean a substantial increase, almost 30% from current levels. The Relative Strength Index around 40 suggests there could be some room for growth, potentially signaling a bullish turn.

Crypto Bulls Eye JasmyCoin for Explosive Growth Amid Market Uncertainty

JasmyCoin (JASMY) is currently trading between $0.02 and $0.04, showing mixed signals. Bulls and bears clash. The coin saw a rise of 40.23% over the past month and a staggering 304.98% gain over six months. If it breaks the $0.04 barrier, it could reach $0.06, representing a potential 50% increase from its upper range. However, if it declines, it could test the $0.02 level. Crypto enthusiasts are watching closely, as JasmyCoin could be gearing up for significant growth despite the current volatility.

Sei (SEI) ready to soar despite recent lows

Sei (SEI) is currently trading between $0.31 and $0.40, showing some resilience in the face of recent declines. Despite falling by almost a third over the past month, the coin is holding around its current support level of $0.28. With its RSI around 51, SEI is not yet oversold, indicating room for a bullish rebound. Breaking through the nearest resistance at $0.45 could see SEI rise by around 25%, while reaching the next level at $0.54 would mean a 50% gain. The growth potential looks promising if the bulls manage to take charge.

Wormhole (W) holds promise for bulls despite recent decline

Wormhole (W) has seen some volatile movements recently, with its current price hovering between $0.29 and $0.42. Despite a sharp decline of almost 25% over the past week and a larger decline of 40% over the past month, its six-month gain of over 570% indicates strong growth potential. The bulls are gearing up and breaking through the nearest resistance at $0.50 could see Wormhole surge over 60% to the second resistance at $0.63. This period can serve as a great entry point for those who believe in the upcoming altcoin season.

Conclusion

SOL, JASMY, SEI and W showed less potential for rapid recovery. Instead, CYBRO stands out as the main competitor. With the bull run already underway, the launch of CYBRO in the second quarter of 2024 is highly anticipated. The first investors have the opportunity to participate in its pre-sale under advantageous conditions. The focus should be on CYBRO as it could lead to the market rebound.

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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.