Altcoins

Here’s Altcoins’ Next $100 Billion Opportunity

Published

7 months ago

20 June, 2024

Here’s Altcoins’ Next $100 Billion Opportunity

The last bull market saw several altcoins surpass the $100 billion mark, but four years later the blockchain landscape has changed. With innovative technologies, expanded use cases, and growing mainstream acceptance, some altcoins are poised to unlock $100 billion in market potential. This new era promises not only substantial returns, but also transformative impacts on the financial landscape. Here are 4 altcoins this could reach a market cap of $100 billion during the next bull run.

1. Altcoins – Shiba Inu (SHIB)

Shiba Inu is one of the best dog-themed altcoins today, with hundreds of replicants and wannabes. Trading around $0.00001874, SHIB has a market cap of $11 billion. The Shiba Inu market cap chart indicates that the total asset value is decreasing with the next support level around the $8.3 billion mark.

At an all-time high, SHIB reached a market capitalization of $41.1 billion, the highest ever. piece of money (apart from Dogecoin) never succeeded. During this race, Shiba Inu was just a coin. But over time, developers have built a tangible technology, utility, and ecosystem around the token that could catalyze the $100 billion surge this time around.

Data shows that there are 40 protocols built on the Shibarium network, 10 of which are liquid staking protocols and 11 of which are decentralized exchanges. There are also 2 decks and 5 wallets in the list, which transforms Shiba Inu from being a simple coin into a serious blockchain competitor, perhaps even more serious than Dogecoin.

2. Toncoin (TON)

Toncoin is a layer 1 blockchain specifically designed to support cross-chain interoperability. Blockchain is the brainchild of Telegram, the famous messaging application with more than a billion users worldwide. The TON Foundation was then created and the development of the network was entrusted to this organization.

For crypto newbies, TON is not a new altcoin. It has been around since 2021 and trades at very low prices, below $1. TON’s popularity has increased over the past few months as the gaming ecosystem has shifted towards Telegram mini-apps.

Toncoin’s highest ever market capitalization was $25.2 billion in April 2024. This coincides with the launch of Notcoin (NOT), the Tap-to-Earn game that launched on the network and onboarded many users, not only to crypto but also to the TON blockchain.

This market capitalization is expected to increase as the Telegram mini-app ecosystem has exploded since then, with many projects promising to launch on the TON network. Toncoin is sure to surpass $100 billion in the next bull run.

3. XRP (XRP)

Ripple and XRP are enigmas in cryptography. XRP is the oldest cryptocurrency on this list and, although like Litecoin (LTC), Monero (XMR) and Bitcoin Cash (BCH), it has not lost its place in the top 10, the suppression of prices of assets over 5 years continues. to blow the minds of the XRPArmy.

Unlike others on the list, XRP has tasted heaven with its market cap of over $100 billion. Between January 2 and 3, 2018, XRP rose from $95 billion to $121 billion, ultimately culminating the 2020-2021 bull run at $131 billion on January 7.

The value of XRP collapsed during the bear market and has not recovered, even as other cryptos have recovered. The same thing happened in the March 2024 mini-bull season, as the token only managed to reach $39 billion.

The price of XRP has been largely reduced by the ongoing battle with the SEC, which began in late 2020.

The recent settlement between the SEC and Terraform Labs (TFL), as well as the dropping of investigations into Ethereum 2.0, has raised hopes within the XRPArmy that Ripple could soon receive similar relief. Ripple recently won a significant victory against the SEC, reducing its penalties from $2 billion to $106 million. Keeping this in mind, XRP can easily surpass $100 billion again, if a bullish scenario plays out.

4. Altcoins to Buy – Chainlink (LINK)

Chainlink is the hardworking but unnoticed child of the family. Founded by Sergey Nazarov, Chainlink built the blockchain’s TCP/IP protocol, the Cross Chain Interoperability Protocol (CCIP). As of January 2023, more than 1,600 blockchain protocols have been integrated. Chain link technology (and the CCIP mainnet had not yet launched). Since then, 657 additional protocols have joined the ranks, including 148 in 2024.

Chainlink’s market capitalization currently stands at around $8.6 billion, down from its yearly high of $12.11 billion on March 11. Link ever reached $22 billion in May 2021 before starting to retrace. Strong support lies around the $8 billion market and has been tested repeatedly since November 2023.

Given that LINK Price value reached $22 billion with fewer customers and a relatively smaller bull run than the incoming one, you can expect this overlooked child to surprise many when the full-fledged bull run begins.

Conclusion

Industry executives expect the next bull run to be the biggest in crypto history. Regulators have approved two ETFs so far, and industry executives are discussing the possibility of creating more. These altcoins could likely reach a market cap of $100 billion or more.

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.