Altcoins

Best Altcoins for 2X to 5X Return in Q2?

Published

8 months ago

26 May, 2024

Top Altcoins Will Turn $1 Into $10 This Week

With the approval of the ETH ETF spot and the price of Bitcoin maintaining its value above the $68,000 mark, the crypto market displayed strong bullish sentiment, highlighting the strong possibility of an altcoin rally over the coming weeks.

Additionally, mid- and small-cap altcoins saw the highest profits during this week, indicating growing investor interest in these altcoins. Are you planning to invest in these altcoins to get huge returns in the middle Ethereum rushing? But concerned about his future prospects?

Dive in because, in this article, we have covered the price sentiments and market analysis of the top 5 altcoins that suggest a potential 2X to 5X increase by the end of Q2!

Phoenix (PHB):

PHB price has added approximately 45.83% to its portfolio over the past 30 days and 298% year-to-date, indicating strong bullish sentiment. Moreover, with a market capitalization of 131.397 million, the Phoenix token secured the 402nd place on the global crypto market list.

TradingView: PHB/USDT

Positively, PHB price formed a parabolic SAR pattern on the 1D timeframe, highlighting a strong bullish influence for the altcoin. However, the SMA is showing a bearish crossover, suggesting mixed sentiment in the crypto space.

The RSI is showing a steady decline in the chart after remaining near its overbought range for a brief period. On the other hand, the average displays a neutral sentiment on the chart.

If the market pushes Phoenix price above the resistance level of $3.80, the bulls will prepare to test its higher resistance level of $3.2025 in the coming time. Negatively, a bearish reversal could pull the price towards its lower support level of $2.1875.

BinaryX (BNX):

After showing weak price action for a brief period, BNX price started 2024 on a positive note. The altcoin has a year-to-date return (YTD) of around 350%, indicating a bullish outlook for BinaryX price during the next bull rally.

TradingView: BNX/USDT

The BinaryX token has formed an ascending channel pattern, highlighting the altcoin’s increased bullish influence. Additionally, the 50-day EMA supports the price, suggesting positive price action over the coming weeks.

The MACD technical indicator is showing a significant rise in the histogram, with its averages showing a strong upward trend, indicating an increase in buying-on-selling pressure.

If the bulls sustain the price above the $1.3050 support level, BNX price will soon test its $1.520 resistance level. However, if the bears overpower the bulls, the price would test its support level of $1.0825.

Celsius (CEL):

THE Celsius Price has displayed significant price volatility this year by adding 615% to its portfolio over the past 30 days, while it has only added 385% year-to-date, highlighting an increase in influence bullishness of the altcoin during the recent period.

TradingView: CEL/USDT

The relative strength index (RSI) is recording a sharp decline from the overbought range, indicating a strong possibility of a bearish reversal in the crypto space.

If the market sustains the price above the support level of $1.250, the bulls will regain momentum and prepare to test its upper resistance level of $1.7275. Conversely, a market correction could cause the altcoin to retest its lower $1 support level.

Akita Inu (AKITA):

AKITA price has shown a steady rise in its chart since the start of the year, indicating a growing bullish influence for this altcoin in the crypto space. Additionally, its year-to-date return is around 60%, indicating high potential for positive price action during the next bull rally.

Trading view: AKITA/USDT

AKITA price has formed a rounded bottom pattern in its price chart, suggesting a strong possibility of a rally in the event of a breakout in the coming times. Additionally, the SMA supports the price chart, thereby increasing the chances of a favorable outcome.

The Moving Average Convergence Divergence (MACD) displays an increasing green histogram. Additionally, the averages show a steady upward trend, suggesting that the price will continue to gain value in the coming times.

If the bulls break out of the trend, Akita price will prepare to test its upper resistance level of $0.000005 over the coming weeks. Negatively, bearish price action could lead the altcoin to test its support level of $0.000002200.

GameStop (GME):

The sensational crypto token of the Solana ecosystem has displayed a strong bullish reversal in its chart by recording a rise of 656% over the past few weeks. Additionally, the rebound in hype around SOL Chain tokens has led to a new wave of rise in its tokens.

TradingView: GME/USDT

GameStop price has formed a symmetrical triangle and is about to break it, the outcome of which is unpredictable. Additionally, the 50/200-day Cross EMA acts as a channel to the price chart, highlighting uncertainty over future price action.

The technical indicator, RSI, is showing a neutral trend on the 1D timeframe, indicating weak price action in the crypto market. Positively, the average displays a strong possibility of bullish convergence, suggesting a positive outlook for GME price.

If the altcoin breaks out of the trend, GME price will prepare to test its $0.01 upper level. However, in the event of a breakdown, the GameStop token will fall towards its all-time low of $0.002370.

Conclusion:

With the approval of the Ethereum ETF spot, the cryptocurrency market has shown a strong sign of an AltSeason in the coming weeks. Additionally, mid- and small-cap altcoins have seen massive price movements recently.

This portends a good entry point for traders to start investing and stacking these potential altcoins to maximize their profits during the next bull rally.

Note: This article is not intended as financial advice and was written for research purposes only. Investing in cryptocurrencies is very risky because the market is very volatile. Be sure to do detailed research before investing in any digital asset.

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

Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.

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.