Altcoins

Crypto whales are quietly accumulating these crypto altcoins this week

Published

8 months ago

22 May, 2024

Crypto whales are quietly accumulating these crypto altcoins this week

New market entrant KangaMoon (KANG), alongside major crypto coins like Injective (INJ) and SingularityNET (AGIX), has attracted the attention of crypto investors for various reasons. Notably, there has been a growing demand for AI and Big Data crypto coins like INJ and AGIX tokens among crypto whales seeking a new direction of diversification. Likewise, KangaMoon is poised to disrupt the meme coin market with its innovative merger of GameFi and SocialFi into a utility token, making it an interesting choice for crypto-savvy investors.

KangaMoon (KANG) Rapidly Rising Among the Top Coins to Watch in 2024

With an impressive growth trajectory so far in the pre-sale market, KangaMoon (KANG) can be compared to a bullish frenzy. The token was initially launched at a price of $0.005 and has since increased by 400%, reaching a new price of $0.025 during the bonus presale phase. If the token reaches $0.5 or $1 by the end of this year, as industry experts have predicted, KangaMoon will definitely be on the list of top meme coins with high adoption.

Although the meme coin has attracted a fairly impressive number of users, including over 32,000 registered members and over 6,000 KANG holders, KangaMoon still plans to expand further into the blockchain gaming market. In a bid to expand its network, KangaMoon recently partnered with RaidSharks to drive adoption of the crypto network and offer a $1,000 monthly rewards pool to users.

Although the above incentive is bound to lead to a further substantial increase in users, the platform originally has a surefire way to grab and maintain users’ attention. KangaMoon’s unique gaming ecosystem, the “Kangaverse”, allows users to participate in battle-themed contests and tournaments to win KANG tokens. Additionally, non-players can bet on the results of these competitions.

Subsequently, more growth is expected from KangaMoon when it will soon be listed on BitMart and other leading exchanges. With the potential to rank high in the meme coin market, KangaMoon could disrupt the P2E gaming market, which is expected to exceed $8,896.95 by 2028. Buy $KANG and join the rest of its community in sharing and commenting his publications on social networks. for more $KANG tokens.

SingularityNET token maintains positive trend in volatile market

SingularityNet (AGIX) has proven itself to be a worthy contender among the best cryptocurrencies of 2024. Haven has seen an approximately 260% increase in the price chart since the beginning of the year, AGIX Price has further maintained an upward trajectory over the past month, recording a notable 12% increase to trade around $0.95, up from $0.85.

However, concerns have been raised about the token breaking through resistance around the $1 price. Notably, AGIX tokens have traded above the $1 mark twice over the past month, but failed to keep pace on both occasions. While this already appears to be a trend for the SingularityNET token, market analysts expect a major breakout past this resistance zone as the AI market witnesses greater adoption.

Injective pricing shows signs of resurgence alongside growing network activities

There has been an increase in activity on the Injective network, which would also have a positive effect on the price of INJ, especially in the context of anticipation of an upcoming bull run. For example, Injective recently announced some of the progress made with the omnichain .INJ domain that allows users to transact seamlessly on the Solana and Injective networks. Part of this progress includes over 13,000 unique holders and millions of on-chain transactions.

This growing interest in the Injective network explains the sudden interest in crypto whales as well as why the INJ token is on the list of best cryptocurrencies to invest in right now. Meanwhile, native token INJ climbed almost 3% from its lowest point of the week at $21 to trade above $23. Although this price increase does not translate into a positive gain on the INJ price chart, it does suggest a potential resurgence in the coming days.

Like INJ and AGIX Token, can KangaMoon stand out in the crypto market?

KangaMoon stands out in the meme coin market, particularly for its combination of SocialFi elements and GameFi’s P2E mechanism into a utility token. As its pre-sale phase draws to a close, the KangaMoon platform is preparing to make a disruptive launch that will offer users of the same coins a new monetization opportunity.

Discover the exciting opportunities of the KangaMoon (KANG) presale today!

Website: https://kangamoon.com/

Join our Telegram community: https://t.me/kangamoonofficial

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.