Altcoins

Best Altcoins for Immediate Gains in 2024

Published

8 months ago

20 May, 2024

Best Altcoins for Immediate Gains in 2024

With the bull run in full swing in 2024, the quest for lucrative investments is at the forefront of every smart investor’s mind. This article takes a look at several alternative coins that are standing out in the crypto market, offering the potential for quick profits. This is a pivotal moment, and identifying the right cryptocurrencies could be key to capitalizing on this upsurge. Dive in to discover these promising opportunities that could lead to significant financial gains.

Over $6 Million Raised: BlastUP Pre-Sale Continues, Offering Up to 1,000% ROI Potential

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 more than 15,000 active users.

The ongoing BlastUP pre-sale is a huge success, over 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.

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!

– Advertisement –

Polygon MATIC demonstrates resilience in the face of market fluctuations

Polygon’s MATIC token is currently experiencing a stable phase after previous ups and downs. Its price seems stable and it remains above its average values over short and long periods. The underlying interest and optimism in MATIC may be related to its usefulness within the blockchain ecosystem, where it is used to pay for services on the Polygon network, known for its speed and cost reduced transactions. If this usefulness and positive sentiment continues, MATIC could maintain its current stability or possibly increase in value.

Pepe gains momentum amid market speculation

Pepe (PEPE) is experiencing a notable uptrend, reflecting investors’ positive outlook. The coin has recently been trading near an above-average price, suggesting an increase in demand. It currently faces the challenge of breaking through a certain price barrier, while still having a cushion at a lower price, which suggests the possibility of sustained interest. With recent price trends having caught the attention of market observers, sentiment is tilted towards optimism, which could lead to bullish behavior in the near term. Coupled with his uniqueness in the crypto space, Pepe could see his notoriety increase if current market sentiment continues to hold.

Pyth Network Faces Bearish Tide as Trends Shift

Recent Pyth network performance trends indicate a challenging market climate, with the price hovering below typical levels. It has struggled to exceed certain price levels, often falling back on weaker guarantees. Despite some gains over a longer period, the short term view shows a significant decline. Generally, this suggests that traders are hesitant, reflecting a cautious or pessimistic mood. Pyth Network’s functionality of providing real-time market data aligns well with this scenario, as potential users can exercise caution, reflecting the broader sentiment seen in its trading patterns.

Ondo Token Shows Bullish Momentum Amid Market Surge

The Ondo token is currently experiencing a clear upward movement, demonstrating strong market confidence. Traders were encouraged by its steady rise in the short term, and despite the obstacles, the coin maintained a steady ascent. This positive trend is further accentuated over longer time frames, highlighting solid and growing interest in the token. With fundamentals such as Ondo’s operational framework offering potential for practical use cases, its current trajectory suggests a favorable outlook, likely to lead to continued interest and rising valuations in the near term.

Conclusion

In the 2024 bull run, various altcoins have shown promise of quick gains. MATIC, PEPE, PYTH and ONDO offer interesting opportunities but their short-term potential could be limited compared to others. Highlighting the main competitor, BlastUP stands out for its impressive concept and its integration within the Blast ecosystem. This positions BlastUP as having the highest potential to make immediate gains during this period. Its unique approach has generated considerable attention and could lead investors to see substantial growth in their portfolios.

Disclaimer: This press release article is provided by the Client. Customer 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 any damage or loss caused or alleged to be caused by or in connection with 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 any 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 opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

-Advertisement-

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.