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Altcoins

Institutional investors stock up on altcoins, fueling speculation on a bull run – 5 altcoins on the moon

CoinFlix Staff

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Institutional investors stock up on altcoins, fueling speculation on a bull run - 5 altcoins on the moon

Institutional investors view altcoins as important assets to invest in, while speculation about the impending bull run continues. Additionally, the cryptocurrency community is excited and impatient as institutional giants stock up on a wide variety of altcoins such as Ethereum, Chainlink, Toncoin, Avalanche, and Angry Pepe Fork, paving the way for an explosive rise in price.

Angry Pepe Fork Ranks Among Top Altcoins

With its revolutionary Conquer To Earn model, Angry Pepe Fork (APORK) introduces a unique innovation by establishing a gamified staking system that rewards long-term network contributions and broad user engagement. Because it offers a variety of flexible staking options to accommodate different risk tolerance profiles, it transforms ownership from a passive investment into an active value-generating process.
Users can customize their involvement based on the APORK rewards they want by staking their tokens for 30, 60, or 90 days. With a current market value of just $0.014 in the first pre-sale stage, the altcoin has a 100x growth potential due to interest from institutional investors, which will lead to a price surge, making it an attractive opportunity for first-time investors to receive a high interest rate. back.
Additionally, with a supply cap of 1.9 billion tokens, APORK enforces token scarcity unlike inflationary tokens. Combined this with the fact that APORK is built on the high-performance Solana blockchain, which allows for fast and affordable transactions, makes it a competitive alternative to some other purely speculative top altcoins.
Angry Pepe Fork is attracting a lot of attention from investors due to its collective revenue model, which gives everyone in the community a share of the project’s success. Additionally, the project’s limited token supply ensures its long-term viability and rewards early adopters and backers. Meanwhile, if you are a fan of Angry Pepe Frog or missed Pepe’s native play, APORK will be of great interest to you.

Bullish momentum declines for Ethereum price

The cryptocurrency community is still waiting for S-1 approval to begin trading Ethereum ETFs, even though the U.S. Securities and Exchange Commission (SEC) approved a spot Ethereum ETF. Some remarks are now expected this week, according to a source in contact with the SEC. Analyst Nate Geraci said in an article on that the regulator will provide feedback to at least one of the multiple potential issuers who applied this week.
Notably, since the May 31 deadline for submitting the first draft S-1 registration, Ethereum spot ETF issuers have been expecting an update from the regulator regarding the status of their request. So far, nothing concrete has emerged from the commission led by Gary Gensler. Meanwhile, the bullish momentum in Ethereum price has fallen as the altcoin is currently trading below $3,500 levels.

Chainlink Price faces bearish pressure

Many altcoins have been severely affected by the altcoin depression, which hit under the worst circumstances yet. The majority of the most popular altcoins, including Chainlink, were trending upwards last week until the US employment reports were released on Friday. May created more jobs than expected, and after the uptrend waned, Chainlink coin owners sold their holdings.
Due to the massive sell-off, Chainlink price is currently trading with a seven-day loss of 16%. Holders of the Chainlink coin expected a rise to the $33 resistance before the bearish blow; At the moment, Chainlink is only stabilizing at around $15.

Toncoin trading volume increases

The blockchain concept launched by the Telegram team is continued by Toncoin. Legal issues forced Telegram to shut down the project, but the Toncoin blockchain is now in charge. Telegram also includes the TON Space wallet and other Toncoin-powered solutions in its messaging. The recent cooperation between Toncoin and mobile payment app Oobit increases its usefulness. In millions of stores around the world, users can now make Toncoin payments.
Additionally, the recently issued $200 million USDT on the Toncoin blockchain further enhances its useful applications and enables fast cryptocurrency payments. Meanwhile, Toncoin’s 24-hour trading volume also increased by over 20% to $278.8 million.

Avalanche Price Forecast

The Avalanche coin has seen strong price fluctuations through 2024, although in March it broke the previous record of $60 set in May 2022. In the meantime, thanks in part to alliances and progress within ecosystem, Avalanche coin has become a well-known alternative cryptocurrency. . Although the Avalanche ecosystem has progressed, Avalanche has mostly raised doubts among investors about its future evolution.
Currently, the Avalanche price prediction suggests an increase in the altcoin’s price by 226.26% to $103.86 by July 11, 2024. Technical signs point to bearish sentiment at the moment. Avalanche experienced 12 out of 30 green days (40%) and 30-day price volatility of 6.05%. Meanwhile, Avalanche is expected to cost up to $149.49 in 2025.

Role of institutional investors

With their degree of credibility, liquidity and capital injection, institutional investors are essential to the altcoin market and can have a great influence on how these digital assets develop. With increased interest in Angry Pepe Fork from institutional investors, the altcoin is poised for a rally. Here are some key ways institutional investors are affecting altcoins:
1. Market Validation: An altcoin’s potential is powerfully validated when institutional investors join the altcoin market. Their engagement signals to other investors – institutional and individual – that the asset is growing and worth noticing.
2. Increased Liquidity: Large-volume trading by institutional investors can significantly increase liquidity in the altcoin market. All participants can trade more easily and price stability depends on this liquidity.
3. Price Impact: The amount of institutional investment can significantly affect the price of altcoins. Large buy orders can push prices higher, generate good momentum and attract more investment from individual traders.
4. Diversification Strategies: Generally speaking, institutional investors have highly developed diversification plans designed to reduce risks and maximize returns. With the ability to diversify beyond conventional assets like stocks and bonds, altcoins allow institutions to spread their risk across multiple asset classes.
5. Long-term investment horizon: Institutional investors often have longer investment horizons than many retail investors. Being less likely to panic sell during market downturns, their entry into the altcoin market can provide stability and sustainability.
Overall, institutional investors contribute to the credibility, liquidity, and stability that are essential to the formation of the altcoin market. Their commitment advances the general expansion and maturity of the altcoin ecosystem and reflects growing confidence in the potential of alternative currencies.
Visit the Angry Pepe Fork presale
Disclaimer: The above content is non-editorial and TIL hereby disclaims all warranties, expressed or implied, with respect thereto. TIL does not necessarily guarantee or endorse the above content, nor is it responsible in any way for it. The article does not constitute investment advice. Please take all necessary steps to ensure that the information and content provided is correct, updated and verified.


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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

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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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