Altcoins

Best Altcoins to Watch Next Week!

Published

7 months ago

16 June, 2024

Top Altcoin will be closely watched next week, they could trigger a sharp rise soon

Volatility in the cryptocurrency market is constantly increasing, highlighting an increase in price action. However, major tokens failed to gain momentum, leading them to record significant corrections in their respective portfolios.

With the current market situation, investors have expressed growing concerns about the next bull rally and questions such as “Will the cryptocurrency market rise again?” and “Will crypto recover in 2024?” recorded an increase in traffic. Are you considering investing in altcoins for the next Bull Run?

Scroll down as, in this article, we have covered the market sentiments, price analysis and short-term price targets of the top 4 altcoins that have the potential to see massive price action in the during the coming week.

Beldex (BDX):

Despite a correction of 10.37% over the last 24 hours, the BDX Price recorded a jump of 14.95% in the last seven days. Additionally, the altcoin has risen by 11.83% over the past 30 days, indicating long-term bullish sentiment for the altcoin in the coming times.

TradingView: BDX/USDT

With a trading price of $0.03842, a circulating supply of 6,447,708,970 BDX and a total supply of 9,925,088,970 BDX, Beldex crypto managed to secure the 254th place on the global market list crypto with a capitalization of $248.033 million.

The technical indicator, RSI, is heading towards its midpoint after recording a sharp decline above the overbought range. Additionally, the average trendline displays a strong possibility of bearish convergence, which suggests uncertainty about future price action.

If the bulls regain momentum, Beldex price will prepare to test its upper resistance level of $0.050 in the coming time. However, if the bears continue to dominate the market, BDX coin price will plunge towards its lower support level of $0.032.

Bakery Token (BAKE):

After trading in a closed range between $0.2225 and $0.3630 for a brief period, BAKE coin price regained momentum and broke above its resistance level, highlighting an increase in pressure. purchase for BakeryToken in the crypto market.

TradingView: BAKE/USDT

The 50/200-day Cross EMA shows a bullish rise on the 1D timeframe, suggesting an increase in buy-on-sell pressure for the altcoin.

The Moving Average Convergence Divergence (MACD) shows a steady increase in the green histogram, indicating an increase in bullish sentiment in the market. Additionally, the averages show a positive trend, which suggests that the price will continue to increase in value in the coming times.

If the bulls continue to gain momentum, BAKE price will head towards its upper resistance level of $0.6115 in the coming time. Conversely, in the event of a bearish reversal, BakeryToken will plunge this month to its lower support level of $0.2225.

Dimitra (DMTR):

Despite increased price volatility in the crypto market, the Dimitra token continues to trade within a closed range between $0.0940 and $0.1377. Additionally, the altcoin recorded a correction of 3.83% over the past day, but added 20.89% over the past week and has a cumulative gain of 217.59%.

TradingView: DMTR/USDT

The SMA and MACD technical indicators are showing bullish price action on the 1D timeframe, suggesting an increase in buying pressure for the DMTR token in the cryptocurrency market.

If the market pushes Dimitra price above the resistance level, the bulls will regain momentum and prepare to test its upper resistance level of $0.180. Negatively, if the bears gain strength, the DMTR crypto will test its crucial support level of $0.0940.

Maneki (MANEKI):

Built on the Solana Range, the name Maneki comes from a beckoning Japanese cat. He is known as the legendary leader blessed with the wisdom of the ages and the power to bring fortune to those who rally under his banner. The project is supported by its native token “MANEKI”.

Maneki price recorded a correction of 5.11% over the past day but added 6.36% over the past week. Additionally, the altcoin has surged 48.71% over the past 30 days, highlighting long-term bullish sentiment for the crypto token in the market.

With a trading price of $0.011, a circulating supply of 8,422,887,212 MANEKI tokens and a total supply of 8,888,887,212 MANEKI tokens, the altcoin managed to secure the 456th position with a market capitalization of 92.545 million dollars.

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.