Altcoins

Analyst Highlights 5 Altcoins With 55x Profit Potential

Published

7 months ago

14 July, 2024

Analyst Highlights 5 Altcoins With 55x Profit Potential

The cryptocurrency market remains quiet, with many waiting for the next big rally. Altcoins, in particular, are still trading at lower levels, ready for a possible explosion. Amidst this anticipation, excitement is building as analysts highlight five specific altcoins with up to 55x profit potential. In this article, the discussion will delve into these promising cryptocurrencies and their growth prospects.

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Sei (SEI): Bullish Momentum and Growth Potential Despite Recent Decline

Sei (SEI) suggests that the bulls still have some strength despite the recent decline. Trading between $0.22 and $0.32, SEI could soon challenge the resistance at $0.39. Its RSI at just over 64 suggests healthy buying interest. If SEI breaks above $0.39, it has the potential to reach $0.50, marking an impressive short-term gain of around 56%. Long-term trends also look promising, as breaking above $0.50 could even set higher targets on the horizon. Despite a rough past month, SEI could be on the verge of a bullish recovery.

Blast (BLAST) Eyes Big Gains Amid Market Recovery

Blast (BLAST) has recently seen strong price action, bouncing between $3.01 and $4.71. Despite some market dips, the uptrend seems intact with a 14.71% gain over the past week and a whopping 527.31% increase over the past month and six months. Currently, the bulls are showing strength, with BLAST holding above the key support at $2.02. If the momentum continues, we could see a rise to the nearest resistance at $5.42, representing an increase of around 15% from its upper range. Further growth could push the price towards the next resistance level at $7.12, marking potential gains of around 50%. With bullish indicators like an RSI of 74.81 and a high Stochastic value, BLAST seems poised for further upside.

Worldcoin (WLD) Shows Potential Despite Bearish Trends

Worldcoin (WLD) is going through a turbulent phase but is showing signs of potential growth. Currently, the price is trading between $1.57 and $2.37, which clearly suggests an upside. However, its move around the $1.92 simple moving average indicates possible stability. If the bulls bounce back, breaking the resistance at $2.87 could push the price towards $3.67, which is a significant gain. Despite a monthly decline of almost 55%, historical trends in 2021 suggest a potential resurgence. Keep an eye on its RSI of 54.12 and Stochastic at 76.42. A push above the recent range could mark the beginning of bullish momentum.

Bullish Signals for LayerZero (ZRO), Despite Recent Cryptocurrency Market Drops

LayerZero (ZRO) is showing strong bullish momentum despite the recent market downturns. The coin’s price is currently trading between $3.00 and $4.71. Recent gains of nearly 15% in the past week and over 339% in the past month suggest significant upside potential. With an RSI of 75.18 and a strong MACD level, the bulls seem to be in control. If ZRO breaks the $5.42 resistance, we could see it surge to $7.13, representing a potential gain of around 50%. Strong buy signals indicate that LayerZero could lead the upcoming altcoin season.

Conclusion

SEI, BLAST, WLD, and ZRO look strong but may offer less upside in the short term. To maximize profits in the 2024 bull run, CYBRO, a sophisticated DeFi platform, stands out. Leveraging AI for yield aggregation on the Blast blockchain, it offers lucrative staking rewards, exclusive airdrops, and cashback on purchases. CYBRO ensures a seamless user experience with easy deposits and withdrawals. Its commitment to transparency, compliance, and quality has garnered significant interest from major crypto influencers and whales.

Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. The Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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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

Disclaimer

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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.