Altcoins

Evaluating the potential for new ATHs among BNB, Rollblock, ETH and SOL

Published

8 months ago

2 June, 2024

Altcoin market blues: what lies ahead for Ethereum and other cryptos?

Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.

As top altcoins like Binance Coin, Ethereum, Solana, and Rollblock approach their all-time highs, investors are eager to see which one breaks through first.

Major altcoins that are yet to hit new highs in the coming weeks include Binance Coin, Ethereum, Solana and Roller block. It is a fact that all these altcoins are close to their current all-time highs and can easily surpass them. With all three exchanges on live markets, Rollblock offers users the opportunity to purchase a presale token that is less than $1 but poised for huge gains over the coming months. Let’s see which of these altcoins will be the first to set a new ATH.

Can Binance Coin still climb to $700?

Binance Coin (BNB) is an altcoin that could soon reach a new high. Data from CoinMarketCap shows that it is trading between $550 and $630, while its current high is $690.93. It is worth saying that Binance Coin tried several times to surpass this all-time high, but failed.

The altcoin is fighting strong resistance at the upper price levels and needs to overcome them to reach a high of $700. While this is possible, it is unclear when this will happen as the market has yet to feel the full impact of the Ethereum ETF approval.

Rollblock prepares for price hike in third stage

Roller block (RBLK) has the potential to significantly impact the rapidly growing GambleFI market, an industry estimated to be worth $744 billion by 2028, as it introduces blockchain technology to deliver a user experience that prioritizes security , confidentiality and efficiency. Notably, the casino platform is already online, fully licensed and accessible worldwide, giving RBLK a significant advantage over other projects.

Another notable feature of Robllock is its emphasis on user anonymity, as it eliminates Know Your Customer (KYC) checks and, therefore, RBLK facilitates anonymous gaming, catering to a segment of users who enjoy a more private gaming experience. Up to 30% of casino revenue is allocated to repurchasing RBLK on the open market. Half of these are then burned, which permanently reduces supply and increases scarcity.

The remaining half is distributed as staking rewards, encouraging long-term investments in the ecosystem. Additionally, the crypto is already up 20% and the presale has exceeded $520,000, with analysts predicting that this figure could reach $1 million by the end of the month.

Currently, in stage 2 of the presale, RBLK offers an entry point at $0.012 per token. This presents an attractive opportunity for future returns, as some analysts predict that RBLK crypto can experience a 100x increase in value.

Ethereum Price Turns Volatile After ETF Approval

Before the approval of Ethereum (ETH) ETFs by the US SEC, analysts predicted that the price of Ethereum would reach a new all-time high of $5,000. One such analyst, Standard Chartered, even predicted that Ethereum would reach $8,000 before the end of 2024.

As Ethereum price hit a weekly high of $3,968.15 after the SEC approval, it became volatile. To surpass its current ATH of $4,892, altcoin Ethereum’s price needs to rise by 20%. This could happen once Ethereum ETFs begin trading, but it is unclear when exactly this will happen.

Solana Price Forecast

Solana (SOL) is another altcoin that has shown great promise this year after nearly breaking its all-time high of $260.06. Although the price of the altcoin SOL has corrected to between $160 and $180, analysts remain optimistic about their Solana price prediction of $300.

They believe that Solana will gain momentum once there is a price rise in the broader crypto market. Although it could happen at any time, the timeline is not certain.

Conclusion

Binance Coin, Ethereum, and Solana are close to their current ATHs, but they have strong resistance ahead that has stopped them from setting new highs. As Rollblock sold over 80% of the tokens for the second stage of its presale, investor demand quickly increased for those looking to take a share of the profits on offer.

To learn more about Rollblock, visit the website and consult the social networks.

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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.