Altcoins

Experts Reveal Their Top Altcoin Picks for 2024

Published

8 months ago

31 May, 2024

ETFSwap (ETFS): A Top Altcoin Pick for 2024

ETFSwap (ETFS) is a tokenized blockchain platform that facilitates the trading of cryptocurrencies and exchange-traded funds (ETFs). Since its pre-sale launch, the platform has demonstrated exceptional results that have captivated the trading and crypto worlds.

ETFSwap (ETFS) offers advanced utility and futuristic value, providing users with access to various institutional ETFs, such as Leveraged ETFs, Commodity ETFs, Fixed Income ETFs, and Spot ETFs and popular cryptocurrency futures.

Improving the security of its platform, ETFSwap (ETFS) has optimized its privacy protocols using blockchain technology to ensure transparency and accountability. By eliminate KYC verification requirements and simplifying account opening processes, the platform allows users to quickly trade ETFs while protecting their personal information.

Additionally, ETFSwap (ETFS) has undergone a rigorous audit by CyberScopea renowned cybersecurity and blockchain auditing firm, validating its robust infrastructure and commitment to providing users with a secure business environment.

At the heart of ETFSwap (ETFS) is its native token, ETFS. This token facilitates transactions and trading tokenized ETFs and offers users exclusive benefits such as monthly rewards via token airdrops and staking options.

Additionally, investors can stake their ETFS tokens to earn staking rewards, passive income, and 87% APR yield. With over 120 million ETFS tokens sold and over $2 million raised in a short time, analysts predict that ETFSwap (ETFS) will take the crypto world by storm.

NEAR Protocol (NEAR): a layer 1 blockchain with high growth potential

NEAR Protocol (NEAR), a layer 1 blockchain designed as a community cloud computing platform, has recently attracted the attention of crypto experts. The price of the token is currently in a correction phase, trading within a time frame weekly range from $7.82 to $7.71.

The closest resistance level for NEAR Protocol (NEAR) is $8.88, while the closest support level is $6.80.

Technical indicators suggest mixed market sentiment for NEAR Protocol (NEAR). The Relative Strength Index (RSI) and Stochastic Oscillator indicate that the market is currently oversold, implying the potential for a price reversal.

In contrast, the NEAR protocol’s Moving Average Convergence Divergence (MACD) shows minimal momentum, suggesting a lack of strong buying pressure at the moment. Nonetheless, analysts suggest that NEAR Protocol (NEAR) price appears to be in a corrective phase and a recovery is underway.

Uniswap (UNI): Defying Altcoin Market Trends with Bullish Momentum

Another top altcoin pick is Uniswap (UNI), a decentralized trading protocol that automates the trading of DeFi tokens, which defies broader market trends. On May 29, the token reached a monthly maximum of $11.19, its best performance since early April, indicating new bullish momentum.

Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) on the daily chart Uniswap (UNI) also favor continued upward movement, potentially targeting resistance levels at $12.96 and $15.40.

Interestingly, this rise in Uniswap (UNI) price coincides with growing bullish sentiment regarding Uniswap’s response to recent SEC regulatory concerns. Overall, Uniswap’s recent price action and chart activity suggest a potential continuation of the uptrend.

Render (RNDR): Long-Term Price Outlook

Render (RNDR) is currently trading in the weekly range of $11.21 to $10.24. It established stable support at $8.43 and faces resistance at $12.66. Over the past week, Render (RNDR) has seen a price decline of 8.58%, while the one-month growth stands at 29.41%, indicating a market correction phase.

Render’s (RNDR) Relative Strength Index (RSI) is at 45.70, suggesting neutral market sentiment.

Despite the recent price correction, the long-term outlook for Render (RNDR) remains positive, with predictions that Render (RNDR) will reach an average price of $12.67 by 2025 and could reach a high of 26.84 $ by 2030.

Additionally, the growing adoption of decentralized applications and growing demand for GPU computing power is expected to drive the altcoin’s value higher in the coming years.

Which Altcoin Should You Buy First?

Although NEAR Protocol (NEAR), Uniswap (UNI), and Render (RNDR) are established cryptocurrencies with promising long-term potential, they may not be able to deliver substantial short-term profits to investors. In contrast, ETFSwap (ETFS) stands out as a unique platform that allows for short- and long-term gains.

For more information on the ETFS presale:

Visit the ETFSwap Presale

Join the ETFSwap community

*This item has been paid for. Cryptonomist did not write the article or test the platform.

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

Disclaimer

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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.