Altcoins

Here are 3 essential cryptos to prepare you for the next Altcoin season

Published

9 months ago

11 May, 2024

Here are 3 essential cryptos to prepare you for the next Altcoin season

Over the past few weeks, following the Bitcoin halving, the broader altcoin market has seen a substantial loss of momentum. This has reduced the focus on certain tokens, while investment sentiments begin to shift towards uncertainty. With many institutions and whales committed to holding the best crypto coins with the highest chance of wider adoption, KangaMoon (KANG), Jupiter (JUP), and Aptos (APT) stand out for their high return potential.

KangaMoon (KANG): Most Popular Meme Coin Presale Bundle for Big GameFi and SocialFi Gains

KangaMoon (KANG) is making a splash in the market as it posts an impressive pre-sale performance in just under four months. Having raised over $6.5 million and hoping to reach the $7 million milestone before the end of the month, KangaMoon has demonstrated strong potential to disrupt the crypto market following its launch. Additionally, the native KANG token saw a notable price increase throughout the presale phase, rising 400% from an initial price of $0.005 to $0.025 at the current stage.

At the same time, the Meme Coin project has also attracted huge interest, with a growing community of over 23,000 registered members, consisting of over 6,000 token holders. These impressive statistics not only reflect traders’ confidence in KangaMoon’s mission to revolutionize the play-to-earn (P2E) industry, but also position the KANG token among the best crypto coins to buy right now.

However, KangaMoon’s prospects extend beyond pre-sale success. Notably, the meme coin project integrates innovative SocialFi features that incentivize active community members with free KANG tokens even before the official launch. Similarly, KangaMoon plans to launch an immersive P2E gaming ecosystem dubbed ‘Kangaverse’, where participants can engage in different exciting activities to earn rewards.

But guess what? The real excitement about KangaMoon lies in its long-term potential, particularly its close ties to the booming P2E gaming market, which is expected to surpass $885 million by 2028. In fact, some industry experts already predict that upon listing on Tier 1 exchanges, the KANG token price could rise to $0.5 by the third quarter and $1 before the end of the year, promising lucrative opportunities for investors in the meme coin market.

Jupiter (JUP) Exchange Introduces Cloned Asset Integration

According to a recent update to Clone Protocol on X (formerly known as Twitter), Jupiter (JUP) Exchange has now integrated cloned assets, allowing users to easily trade cloned assets from any token on the platform . While this could potentially attract the attention of DeFi enthusiasts to Jupiter, it may also result in an opportunity for Jupiter coin price appreciation, $JUP.

This new development also greatly simplifies trading non-native assets such as DOGE, ARB and OP on Solana. With the expansion of the Jupiter network, all cryptocurrencies will soon be accessible directly on Solana, providing users with a more convenient and diverse trading experience, potentially increasing its growth potential this year.

Aptos (APT) Introduces Revolutionary Features Called “Aggregators”

Aptos (APT) Labs has just unveiled a revolutionary addition called “Aggregators”. This new development on Aptos The network was designed to gain better experience when involved in NFT minting. The innovative functionality also enables simultaneous execution of smart contracts on the Aptos blockchain, solving common obstacles such as read-write conflicts.

With this new introduction, Aptos Labs will also open the doors to seamless parallel processing and a smoother or more efficient NFT creation experience in its upcoming release “It’s an Aptos Thing”. This new drop comes at a time when 1 million NFTs are expected to hit the market. Overall, this is a big step forward for the Aptos token as it could appreciate in value in a short time.

Can KangaMoon (KANG) grow 100x this year?

Top analysts predict that KangaMoon will potentially see 100x growth when it fully captivates the DeFi market. The reality that this is happening is not far-fetched, as KangaMoom is already delivering blazing pre-sale performance to demonstrate its ability to dominate the market.

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

Website: https://Kangamoon.com/

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

Warning: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in this content. Do your research and invest at your own risk.

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.