Altcoins

Altcoin season is coming: these Altcoins will soon explode 125 times

Published

9 months ago

14 May, 2024

Altcoin season is coming: these Altcoins will soon explode 125 times

The market is heating up and some cryptocurrencies are poised for impressive growth, signaling a potential surge known among enthusiasts as altcoin season.

With some coins expected to yield returns of up to 125 times, investors are scanning the horizon for the next big player. As the 2024 bull run unfolds, this article takes a look at the specific currencies that are expected to outperform their peers and generate significant buzz in the community.

BlastUP Token Expected to Soar 1,000% by Year-End

BlastUP has received a lot of attention lately due to its strong potential to become a major force in the crypto industry. This pioneering launch pad on Blast has already won over nearly 15,000 active users.

BlastUP’s ongoing pre-sale is a huge success, with 6 million dollars raised so far. The BlastUP token is considered by crypto experts to be a hidden crypto gem that can skyrocket 1,000% by the end of this year.

>> Buy BlastUP tokens now for maximum returns! <

BlastUP helps crypto startups grow faster and earn more. As BlastUP moves forward, it remains committed to creating a global hub for the Blast community. BlastUP is quickly gaining ground for advantage of all the players in this ecosystem.

BlastUP’s roadmap extends to 2026, promising the introduction of AI-based tools and Community marketfurther enriching the capabilities of the ecosystem.

The BlastUP token, the cornerstone of the platform, unlocks access to multi-level IDO launches, staking rewardsand exclusive loyalty benefits.

>> Join BlastUP now or this rocket will take off without you! <

Polygon (MATIC) Shows Recovery Potential Amid Market Moves

Polygon’s MATIC trades between $0.63 and $0.74. With the current price closer to the 10-day average of $0.66, the move is leaning towards a potential recovery. Despite a drop of around 7% over a week, the gain over a month stands at just over 1%. In six months, the price fell by around 28%. The indicators suggest that the price is not in a strong trend, with the RSI and stochastic values not indicating overbought or oversold conditions. Resistance at $0.82 could limit upside moves, while support at $0.59 provides a safety net on the downside. The current market suggests a corrective move, with chances of moving into an impulsive trend if it breaks key resistance levels.

Chain Link Prices Fluctuate Amid Market Uncertainty

Chainlink has seen varied performance recently, with its current price hovering between $12.84 and $14.72. Despite a decline of 7.52% over the past week, the monthly view shows a slight gain of 0.76%. Over a six-month period, the token is down 10.83%. The price is hovering near the key ten-day average of $13.41 and is slightly below the hundred-day average of $13.57. With an RSI of 48.32, Chainlink is neither overbought nor oversold. The moves are neither clearly impulsive nor corrective, suggesting a period of consolidation as it trades between its important support at $12.12 and the immediate resistance level at $15.88.

Hedera HBAR outlook: steady rise despite weak week

Hedera’s price range currently sits between $0.10 and $0.12. It faced a slight decline this week, of around 5%. However, over the past month, HBAR has seen a solid jump of over 38%, and the last six months have seen an impressive increase of over 76%. The movements of the parts appear healthy, neither too fast nor too slow, showing steady growth. With the nearest resistance at $0.13 and support at $0.09, HBAR maintains a steady move around the $0.11 mark as indicated by the simple moving averages. The relative strength is moderate, meaning there is neither overbought nor oversold, which tells us that the upward price trend may continue.

Mantle Crypto Price Update: Consolidation Before Next Move?

Mantle (MNT) is currently trading between $0.97 and $1.07, suggesting consolidation. The coin faced a decline of 6.25% over the past week and continued to fall by 10.25% this month, but it still boasts a remarkable gain of 112.55% over the six last months. With its closest support at $0.93 and resistance at $1.14, MNT is hovering around its 10-day average of $0.99 and slightly below the 100-day average of $1.01. RSI and stochastic indicators suggest that the coin is not overbought, while a negative MACD could imply a potential change in momentum. MNT could be preparing for its next big move, whether it breaks through resistance or moves back to test support levels.

Conclusion

Anticipation for a significant rise in certain cryptocurrencies is high, with the bull run already underway. Among competitors, MATIC, LINK, HBAR and MNT show promise, but may not grow as much in the short term. Nevertheless, attention is drawn to BlastUP for its strong potential due to its innovative concept and its integration within the Blast ecosystem. The considerable growth potential is more pronounced for BlastUP, indicating that it could outperform others during the expected altcoin season.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

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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.