Altcoins

Best Altcoins to Watch for the Week Ahead!

Published

7 months ago

23 June, 2024

The cryptocurrency market continues to see weak price action with major tokens consistently trading in bearish sentiment. Additionally, market leader Bitcoin price plunged towards its important support level of $64,000, suggesting a bearish outlook for the elite tokens in the times to come.

However, mid-cap altcoins continued to show a strong upward price trend by recording significant gains in their respective portfolios over the past few days. This highlights the growing dominance of these tokens in the crypto space.

Let’s go, as in this article we have covered the top 5 mid-cap altcoins that have the potential to outperform major cryptocurrencies in the coming week.

Delysium (AGI):

Built on the Ethereum network, the Delysium project is a blockchain-based collaboration network for AI agents for the LUCY and You Know I Love You (YKILY) networks. In addition, this project actively contributes to a virtual world where 1 billion individuals and 100 billion AI beings coexist.

With a trading price of $0.2415, a circulating supply of 771,643,836 AGI tokens and a total supply of 3 billion, the Delysium crypto managed to secure the 247th position with a market capitalization of $186.64 million .

Additionally, the price of its native token AGI increased by 13.26% over the past day and by 9.82% over the past seven days. Despite a 29.62% correction over the past 30 days, the altcoin has surged 362.45% this year, underscoring its bullish outlook for times to come.

Ethir (ATH):

The Aethir project plays a unique role in the industry because it integrated idle GPUs into a decentralized cloud computing network. Additionally, its native token “ATH” plays a key role as it is used for many roles within the ecosystem, such as transactions and governance.

Positively, the price of ATH coin increased by 9.83% in the last 24 hours with a change of -9.59% in its trading volume. Additionally, it has added 5.12% over the past seven days and has surged 13.53% since inception, suggesting an increase in buying pressure for the Aethir crypto.

SLG.GAMES (SLG):

SLG.GAMES is considered the next generation blockchain gaming infrastructure provider. Built on the Ethereum chain, it attempted to lower the technical threshold for developers, help Web2 and traditional studios enter the space, and also improve gameplay for players.

SLG native token price continues to trade in a bullish sentiment adding around 1% over the past day and 201.56% over the past week. Furthermore, it has surged 105.85% over the past month and has a cumulative return of 706.54%.

With a circulating supply of 484,548,100 SLG tokens and a total supply of 992,753,680 tokens, the SLG crypto secured the 472nd position with a market cap of $66.72 million and a trading price of $0.1377 .

Everscale (NEVER):

Everscale is one of the fastest and most secure layer 1 (L1) blockchains and primarily aims to become a decentralized platform for realizing high-performance applications regarding real-world assets.

EVER price secured the 345th position on the global cryptocurrencies list with a 50.47% year-to-date jump and a market capitalization of $111.32 million. Additionally, the altcoin has surged by around 10% over the past week and is currently trading at a price of $0.05655.

Location string (LOCUS):

Locus Chain primarily aims to become the most influential and widely used next-generation Layer 1 public blockchain protocol. Additionally, this decentralized platform seeks to address performance and scalability issues without diluting the core values of decentralization.

At the time of writing, the LOCUS token price was at $0.0244 with a total supply of 7 billion tokens. With a market capitalization of $50.789 million, Locus Chain has secured the 546th position on the global cryptocurrency market list.

Notably, the altcoin added 11.73% over the past day and surged 41.28% over the past seven days. Additionally, LOCUS coin price recorded a 37.28% jump in the last 30 days and rewarded its long-term investors with a cumulative return of +10.48%.

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.