Altcoins

Crypto Moonshot! 4 Expertly Picked Altcoins to Buy to Turn $800 into $16,000 This Week

Published

8 months ago

4 June, 2024

5 Trending Altcoins That Are Worth the Hype

Bitcoin price hit $70,000 on Monday after a week of sideways slump. As the hype around the approval of Ethereum ETFs has died down, so has the rally. BTC Price retested the $67,000 support while Ethereum jumped $3,700 to trade at $67,300 and $3,830 respectively. Amidst the mundane trading action, investors can still identify key opportunities to maximize their returns in the 2024 bull market. Hence the need to draw attention to expertly selected top altcoins to buy, like Notcoin (NOT), Pepe, BOME and Kaspa. .

1. Altcoins to Buy – Notcoin (PAS)

Notcoin price was hovering around $0.02143 during US trading hours on Monday, an increase of 2oo% over the last seven days. 90% of CoinGecko users are bullish on Notcoin with a measly 10% at the other end of the spectrum.

Based on the current technical outlook, Notcoin price is trending well above the 50 and 200 day simple moving averages (SMA), a bullish indicator for investors. In the meantime, the price has returned to the 0.5 Fibonacci retracement level, which coincides with $0.021. This key retracement level often provides support for assets in price discovery mode.

Notcoin Price Chart | Commercial view

A rebound from here could see the price NOT touch the 0.27 Fibonacci extension level around $0.034. From this point, the price movement would be 7% lower than the previous record price.

NO price has been tearing up the charts as the Tap-to-Earn meme coin climbs into the top 100 ranks. At press time, NOT is ranked 58 on CoinGecko, gaining 42 positions over the past 7 days. On the upside, NOT may encounter some resistance around $0.032, $0.043, and $0.057.

2. Pepe (PEPE)

The Pepe meme coin has seen a sharp increase of 99% over the past month, driven by increased investor interest and a series of positive market trends. This rise led to significant gains, with Pepe reaching an all-time high of $0.00001718 on May 27. This rally was fueled by a surge in other meme coins, favorable market conditions, and increased speculation among traders.

Pepe Price Chart | CoinGecko

Overall investor sentiment remains cautiously optimistic as the broader cryptocurrency market continues to show signs of strength and recovery.

Meanwhile, the most crucial resistance level for Pepe lies at $0.000016. Exceeding this point could increase its value to $0.000019. Sustained upward momentum could push Pépé Prize

to $0.00003 at the end of June. If the bullish pressure increases, the meme coin could reach $0.00005 in the next bullish phase.

3. Meme Book

Like most major altcoins, BOME price exhibited a healthy retracement according to the Fibonacci retracement level. As Solana-based memes rebounded from the 38.2% FIB, the price jumped 1.4% to currently trade at $0.013. Will Book of Meme price surpass $0.02 in June?

BOME Price Chart | CoinGecko

However, amid broader market consolidation, BOME price returned from the new high of $0.016 last week. The bearish reversal caused the asset to plunge 20% to a low of $0.0127.

With the side action intact, this piece of money price is about to reach an ascending support trendline intact since the second week of April. Dynamic support displays current recovery momentum and indicates that buyers continue to accumulate this asset during market dips.

This support could renew pressure from exhausted demand and prompt buyers to challenge the $0.016 high again. With sustained buying, BOOK OF MEME price could aim for a potential target of $0.0186, followed by $0.0248.

4. Altcoins to buy Kaspa (KAS)

Kaspa (KAS) is a cryptocurrency project focused on providing a high-performance, scalable and secure blockchain platform. Kaspa’s standout feature is its use of the GhostDAG protocol, which enables faster block times and higher transaction throughput compared to traditional blockchains.

Since the beginning of May, KAS coin has seen a significant recovery, with its price rising from $0.10 to $0.149, an increase of 48%. Additionally, its market capitalization soared to $3.552 billion.

A potential breakout of this barrier will signal a major change in the trend reversal, prompting buyers to pursue potential targets at $0.19, followed by $0.22.

Conclusion

The ardent investor in the crypto market knows that the toughest battle to success is identifying the altcoins to buy and seek exposure at the right time. Sometimes this would involve buying on a downtrend and near the low. Other times, investors need to board the ship before it sets sail. For example, those who bought NOT and GME before their breakout are making big profits.

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.