Altcoins

Influencers on the best Altcoins of the moment; Solana tokens perform well

Published

8 months ago

14 June, 2024

Influencers on the best Altcoins of the moment; Solana tokens perform well

YouTube Influencers on Best Altcoins to Buy Solana The Dip, $SEAL, and $TRUMP Tokens Are Doing Well

THE Global crypto market volume down 24.64% over the past 24 hours, Bitcoin is down 5.88% weekly and Ethereum’s 24-hour volume is down 20.07%.

Meme coins are also in the redwith a sharp edge 34.44% daily drop in trading volume. This market stress could be caused by $9.6 Billion Bitcoin Transfer from Mt. Gox to Unknown Address and the Bitcoin ETFs’ five-day losing streak.

To weather the bearish storm, investors are turning to altcoins and Solana coins ($SOL) that are doing well, like Slothana ($SLOTH). The room is up 28.26% weekly and has a market capitalization of $24 million.

Overall performance of Solana meme parts

Sealana ($SEAL) is another $SOL meme coin that is doing well after raising over $4 million in the presale. THE countdown timer shows 11 days until registration with a token price of $0.022, so investors can still enter early.

$SEAL could follow in the footsteps of $WIF, where pre-sale investors got a 100x gain.

Let’s discuss what’s causing the current crypto crash and how to make the most of it.

Mt. Gox and $BTC ETFs cause stock market crash?

CoinMarketCap Fear and Greed Index shows a ‘Neutral’ 55, down from the ‘Greed’ zone. This the downward trend continued last monthleading to more conservative investments.

CoinMarketCap Greed and Fear Index

Although some fluctuation is expected, the the current scenario is atypicalgiven that the $BTC halving is almost two months away and ETF $ETH should have stimulated the market.

Two major events could have been the cause:

$9.6 Billion BTC Transfer from Mt. Gox

The exchange now defunct took his first step in five years, transfer $9.6 billion BTC to unknown address at 11:00 a.m. Hong Kong time. This could be linked to the company’s October 31 refund deadline.

After this decision, the crypto market began to fear a dumping scheme, which could have slowed down crypto trading.

$BTC ETF Outflows Increase

$BTC ETFs have struggled in recent months, with a nine days of consecutive defeat between April 24 and May 2. Releases have skyrocketed again over the past four days, put most ETFs in the red.

As Bitcoin bulls enter a state of panic, $BTC price took a hitfollowed by the rest of the market (as is always the case when Bitcoin tanks).

$BTC ETF Net Inflows/Outflows

Sealana and Solana Meme Coins as Crypto Safe Haven

While Solana is down 13.89% weeklySeveral $SOL meme coins have performed well over the past 24 hours, even during these bearish times:

$SEAL is another very promising $SOL project. Still in pre-sale, it has raised more than $4 million and there is still time to invest.

The $SEAL token uses a pre-sale system similar to $SLOTHwhich made a 250x for early investors.

Its patriotic theme also appeals to a wide audience, with Trump supporters show their support. Other political coins that performed well were $STRUMP (+352% monthly) and $TRUMP (+66.17% monthly).

$SEAL also accepts $BNB and $ETH, giving early investors additional payment choice. Although staking is not part of Sealana’s plans, DEX and CEX listing is.

Sealana could reach $0.030 to $0.088 by the end of 2024 (six months from now), a 300% pump from its current price of $0.022.

HAS buy $SEALopen the presale website, connect your wallet to the widget, select a channel ($ETH, $BNB, $USDT, $SOL or card) and enter the amount of $SEAl you want to purchase.

💰 The Sealana presale ends in 11 days, so you can still buy $SEAL for $0.022/token.

Looking Ahead – Can Sealana Withstand the Crypto Winter?

The Sealana presale is similar to previously successful $SOL coins like $SLOTH and $WIF. He has no increase in price level and that uses attractive marketing to attract investors.

In times of crypto panic, investors often find a safe haven in meme coins, which typically results in strong performance for tokens with broader appeal.

Whether $SEAL follows this formula will depend on community support and investor interest.

Remember DYOR and investing responsiblybecause crypto coins are volatile and market conditions are constantly changing.

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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.