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Here are the Top 19 Altcoins Ready to Skyrocket This Season

CoinFlix Staff

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Here are the Top 10 Altcoins Held by Crypto Wealth Mentor

Altcoin Daily, a leading crypto YouTube channel, highlights the top 19 crypto assets poised to soar this bull season, including BTC, ETH, and XRP.

The frontier cryptocurrency community is optimistic about the series of positive events that have occurred in the market over the past week. As reported Earlier, the United States House of Representatives voted to pass the first major crypto bill that aims to provide clear regulation for the industry.

As investors celebrated the victory, the US SEC approved several spot-based Ethereum exchange-traded funds (ETFs). Although these funds have not begun trading due to the SEC’s delay in approving S-1 filings, several ETF analysts predict that the regulatory agency would approve these filings in the coming weeks.

Following the events of the past few weeks, investors are convinced that this season’s rise could be the largest on record. As a result, they embarked on a mission to find the best crypto assets with good growth potential.

Top 19 cryptocurrencies with huge growth potential

Amid speculation, popular YouTube channel Altcoin Daily Underlines its top 19 assets likely to see significant returns this season. The list includes high- and low-cap assets.

Bitcoin (BTC)

Topping the list is Bitcoin, the largest crypto asset with a market cap of $1.36 trillion and 24-hour volume of $22.9 billion. Bitcoin tops the list due to its high popularity. Altcoin Daily also mentioned the limited supply and growing demand for Bitcoin as other factors that could pave the way for a huge surge in the future. BTC is trading at $69,122, with a daily gain of 1.16%.

Ethereum (ETH)

As expected, Ethereum, which ranks second among cryptocurrencies by market capitalization, also made Altcoin Daily’s list of top 19 cryptocurrencies.

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According to Altcoin Daily, the recently approved Ethereum spot ETFs could propel the price of ETH towards a massive rise. Ethereum was changing hands at $3,730 at press time, with a comfortable market cap at around $448.24 billion.

Solana (SOL)

Solana was the third pick among Altcoin Daily’s top 19 crypto assets. The YouTuber chose Solana due to its growing demand and the ability for major asset managers to apply to launch an ETF for it.

At press time, SOL was trading at $167.31, up 0.26% in the last 24 hours. The coin also boasts a market capitalization of $75.2 billion, placing it fifth among cryptocurrencies in terms of market capitalization.

XRP (XRP)

Altcoin Daily highlighted XRP as the fourth crypto asset with huge growth potential. XRP’s selection was partly due to Coinbase reinstating its New York exchanges. At press time, XRP was trading at $0.5368, down 0.24% in the daily charts. With its market capitalization of $29.56 billion, XRP is the seventh largest cryptocurrency in the global rankings.

Chain link (LINK)

For Altcoin Daily, Chainlink is the fifth crypto with good potential to embark on a significant rally this season. According to the YouTube channel, major financial institutions including BNY Mellon and JPMorgan leverage Chainlink for its utility.

One unit of LINK was changing hands at $16.94, down 2.15% over the past 24 hours. Chainlink has a market capitalization of $10.1 billion and is ranked as the 14th largest cryptocurrency.

Avalanche (AVAX)

Interestingly, Avalanche made the list due to its major partnerships with leading financial institutions, such as Citi and Fidelity Investments. Experts predict that Avalanche could eventually become a future candidate for an ETF.

Meanwhile, AVAX was trading at $37.78, up 0.41% in the daily charts. Its valuation is $14.84 billion, which positions it as the 11th largest cryptocurrency in the industry.

Toncoin (TON)

According to Altcoin Daily, Toncoin is one of the fastest growing ecosystems in the crypto industry and is expected to see significant growth in the future. At the time of writing, TON was priced at $6.41 with a daily rise of 3.97%. TON is ranked the ninth largest crypto with a market capitalization of $22.28 billion.

AIT Protocol (AIT)

Altcoin Daily added AIT to the list due to its artificial intelligence (AI) features and token burning model. The token is ranked as the 698th largest cryptocurrency, with a market capitalization of $40.77 million. AIT is priced at $0.3122, up 9.47% over the past day.

LimeWire (LMWR)

The YouTube channel expressed optimism in LimeWire due to the focus on AI and music. LMWR was trading around $0.6672, down 4.40% in the last 24 hours. The token ranks 324th among cryptocurrencies with a market capitalization of $191.43 million.

Sound (SNR)

With a market capitalization of $6.75 million, Sonorus ranks 2,909th among the largest cryptocurrencies. Its inclusion in the list is due to efforts in the AI ​​music industry. Sonorus enables everyone to become an artist, thanks to its enhanced artificial intelligence music platform. SNR changed hands at $0.1151, marking a 15.92% decline over 24 hours.

Algorande (ALGO)

Algorand is also on the list of top 19 crypto assets with huge growth potential. Aside from Algorand’s recently released advertisements, Altcoin Daily has not indicated why they added the token to the list.

In the hours before press, ALGO was trading at $0.1919, up 3.95% over 24 hours. The coin is also the 61st largest cryptocurrency, with a market capitalization of $1.56 billion.

Paid network (PAID)

Altcoin Daily listed Paid Network (PAID) as the 12th crypto asset on the list, with its price potentially skyrocketing significantly this bull season. One unit of PAID was trading at $0.1381 at the time of writing, with a market capitalization of $39.91 million.

Propy (PRO)

Propy is the 13th asset on the list of top cryptos with potentially good ROI. The crypto project focuses on tokenized real estate. PRO is trading at $2.25 at press time, with a daily rise of 0.17%. It ranks 292nd among cryptocurrencies with a valuation of $224.72 million.

Ondo Finance (ONDO)

ONDO, the 58th largest cryptocurrency, has been included in Altcoin Daily’s list of assets with huge growth potential. The project is supported by major players in the industry, including Coinbase and Pantera Capital. One unit of ONDO token was trading around $1.22 at the time of writing.

Internet Computer (ICP)

Altcoin Daily characterized Internet Computer as one of the layer 1 dark horses. ICP ranks as the 22nd asset in the global cryptocurrency rankings, with a valuation of $5.72 billion. At press time, the token is changing hands at $12.32, with a daily rise of 3%.

SuperVerse (SUPER)

SuperVerse is a Web 3.0 game project. Altcoin Daily believes that SUPER has strong growth potential due to its focus on community gaming and token distribution. With a market capitalization of $502.8 million, SUPER is currently the 141st largest cryptocurrency. It is trading at $1.03, up 0.7% in the daily charts.

Trex20 (TX20)

This is another Web 3.0 gaming project included in the list. Ranked as the 3,274th largest crypto asset, TX20 boasts a market capitalization of $347,740. A unit of TX20 was trading at $0.0163 at press time.

Foxy (FOXY)

Foxy is the only meme-based cryptocurrency Altcoin Daily added to the list of top 19 crypto assets with huge growth potential. At press time, FOXY was trading at $0.0135, up 2.51% in the last 24 hours. It also boasts a market capitalization of $40.59 million, making it the 2,656th largest cryptocurrency.

Coti Network (COTI)

The 19th and final selection was Coti Network, a layer 1 crypto project focused on fintech product development. COTI has a market capitalization of $208.13 million, positioning the token as the 306th largest cryptocurrency by valuation. It was trading at $0.1323 in the hours before publication, up 2.15% over 24 hours.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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Altcoins

Long-Term Impact of Ethereum ETF on Cryptocurrency Market

CoinFlix Staff

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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.

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Altcoins

Altcoins Are Severely Undervalued, Awaiting Ethereum Move | Flash News Detail

CoinFlix Staff

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IntoTheBlock Releases Report on Institutional DeFi Trilemma

Disclaimer

Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.

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Altcoins

Altcoins Correct Amid ETH Decline, Grayscale Outflows | Flash News Detail

CoinFlix Staff

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IntoTheBlock Releases Report on Institutional DeFi Trilemma

Disclaimer

Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.

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Altcoins

Epic Altcoin Rally Expected for August and September

CoinFlix Staff

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Altcoin bitcoin
  • 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.

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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.

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