Altcoins

Altcoins on the verge of a huge explosion – WLD, AR and INJ prices could surge by 20% in the coming days

Published

6 months ago

20 July, 2024

Santiment Reveals the Top Two Altcoins to Buy This Week

Crypto markets seem to have been taken over by the bulls as major coins have broken out of their crucial resistance zone. Bitcoin has surged above $65,000, while Ethereum has been above $3,500, and XRP, which has been passive for a while, has surged over 40% in the last two days to hit $0.6. The upward trend has been captured in most altcoins, with Worldcoin (WLD), Arweave (AR), and Injective (INJ) leading the rally. Here’s what to expect for these coins in the coming days.

Worldcoin (WLD) Price Analysis

THE Worldcoin Price The stock has been trading in a descending wedge since hitting a new all-time high near $12 in the final days of Q1 2024. Recent price action has helped the stock break above the upper resistance of the wedge, surpassing the crucial resistance zone between $2.21 and $2.39. Market sentiments have shifted, but technicals suggest that bulls may remain passive for a while, which could provide some room for a bearish pullback.

The price has broken out of the wedge with a significant increase in volume, but the current volume suggests that the bulls have taken a step back. Meanwhile, the RSI is about to reach the upper threshold, which could attract bearish forces. Furthermore, the DMI has undergone a bullish crossover, but the decline in the ADX suggests that the rally could remain consolidated above the gains. Therefore, WLD price is likely to maintain a horizontal consolidation between $3 and $3.3 and trigger a fresh rise to $4.4 on the next bullish move.

Arweave (AR) Price Analysis

Arweave had formed a strong base around $25, which helped the rally trigger a rebound during the bearish attack. The Mt. Gox and German terror forced the price to drop below $20. However, the recent price action has brought the altcoin back into the bullish range and increased the hope of maintaining a decent uptrend for a few more days.

AR price has hit one of the major resistances around $30-31.5, which could act as a strong base, once breached. Buying volume is slowly increasing, which could keep the bullish hopes of a rally alive. Moreover, the supertrend has just flashed a buy signal indicating a clear trend reversal. Hence, AR price seems all set to maintain a healthy uptrend and move above $40. However, if the bulls maintain a similar trend, marking new highs above $50 might not be a daunting task for the bulls.

Injection Price Analysis (INJ)

INJ price has shown strong strength since the start of the year and the recent reversal should therefore restart a nice uptrend going forward. The bears have largely swallowed up the rally but recent price action suggests that the bulls have regained their dominance. Therefore, INJ price should maintain a strong uptrend with bearish interference to the downside.

INJ price has broken above the lower support zone and recorded consecutive bullish candles. Although the volume is below the required levels, the OBV maintains a strong uptrend. Furthermore, the main part B of the Ichimoku cloud is heading towards the main part A and a healthy crossover indicates the start of a new uptrend. However, INJ price could be out of the reach of the bears, once it secures the resistance zone between $30.77 and $32.12, which seems to be on the horizon.

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.