Altcoins

Is the Crypto Bull Market Back? Top 5 Altcoins to Buy Now

Published

7 months ago

15 July, 2024

Is the Crypto Bull Market Back? Top 5 Altcoins to Buy Now

The cryptocurrency market is showing promising signs of resurgence, sparking excitement among investors and enthusiasts.

The global cryptocurrency market capitalization has surged to $2.29 trillion, an increase of 4.13% in the last day alone. Trading volume has also seen a significant increase, with a 23.54% increase to $64.26 billion in the last 24 hours.

Bitcoin and Ethereum, the two leading cryptocurrencies, both saw impressive gains of nearly 10% this week.

This upward momentum is further fueled by the expected launch of Ethereum ETFs, with ETF expert Nate Geraci predicting their imminent arrival.

Welcome to Spot ETH ETF Approval Week…

I call him.

I don’t know anything specific, I just can’t think of a good reason for a further delay at this point.

The transmitters are ready for launch.

— Nate Geraci (@NateGeraci) July 14, 2024

These positive trends suggest the potential start of the second leg of an uptrend. As the market gains strength, investors are eager to identify the best altcoins to capitalize on this upward trajectory.

Here are the top five altcoins to consider for your portfolio for the next bull rally.

PlayDoge (PLAY)

Our top pick is a fun P2E game, PlayDoge (PLAY)reminiscent of Tamagotchi, the hugely popular side-scrolling handheld game. In this exciting new mobile game, players care for their virtual Doge pets, earning $PLAY tokens through various interactive activities such as feeding, training, and adventuring.

In an impressive show of support, PlayDoge raised over $5.5 million in its presale, indicating strong investor confidence and community support.

Currently priced at $0.00519, PlayDoge offers a promising entry point for those looking to invest in a booming P2E project.

Additionally, PlayDoge offers attractive staking rewards, with annual yields of 86% on Ethereum (ETH) and 73% on Binance Smart Chain (BNB). This dual-chain approach not only improves accessibility, but also allows investors to choose their preferred blockchain and maximize their gains.

For those interested in joining the PlayDoge community, you can buy PLAY tokens with a pre-sale discount. With its huge fundraising success already, PlayDoge is poised to become a major player in the P2E gaming market.

Xodex (XODEX)

Xodex (XODEX) is a decentralized spot and futures exchange that has been at the center of a huge hype in the run-up to its beta launch. It is currently the Most Trending Altcoin on CoinMarketCap, second only to Bitcoin. This token has recently shown impressive price movements, up 10.44% this week and 367.38% this month.

Ahead of our beta launch later today, #XODEX is the highest trend #altcoin on @CoinMarketCap! 👀 #PerpDEX #Kaspa #DEX $KAS #Challenge #crypto $BTC #Bitcoin pic.twitter.com/Vj8v4cY7t0

— XODEX (@XODEXnetwork) July 15, 2024

The beta version was launched today, to much excitement. Traders can now spot trades and buy futures contracts through the platform with up to 50% leverage and gas-free trading.

It is also integrated with all major blockchains including Kaspa, Bitcoin, Ethereum, Optimism, and Base.

The XODEX token is used as a governance token, allowing holders to participate in voting and steer the direction of the exchange. The token looks set to continue its upward trajectory now that a full beta version of the exchange is live.

WienerAI (WAI)

WienerAI (WAI) is an innovative cryptocurrency that combines artificial intelligence with playful meme culture, specifically centered around dachshunds.

This unique token quickly caught the market’s attention, raising nearly $7.5 million during its pre-sale phase. With a price of just $0.00073 per token, WienerAI offers an accessible entry point for investors eager to explore this new concept.

What sets WienerAI apart is its robust AI-powered trading capabilities, which provide users with predictive market insights and efficient trade execution.

Additionally, WienerAI offers attractive staking rewards, with an impressive 151% Annual Percentage Yield (APY). This lucrative staking mechanism not only encourages long-term holding but also offers substantial passive income opportunities for investors.

You can currently buy $WAI tokens at a discounted price during the ongoing presale, but this price is expected to increase after the presale ends and the token is listed on exchanges.

Super Trump Coin (STRUMP)

Super Trump Coin (STRUMP), a popular cryptocurrency within the Politifi ecosystem, surged 26.81% this week, propelled by recent events surrounding former President Donald Trump. Three days ago, Trump survived an assassination attempt, triggering a significant surge in Politifi cryptocurrencies, including STRUMP.

Founded as a tribute to Trump’s political legacy as the 45th President of the United States, STRUMP embodies the fervent support and interest surrounding Trump’s persona within the cryptocurrency community.

The sudden surge in STRUMP price reflects the market’s response to external political events, highlighting the sensitivity of the Politifi ecosystem to real-world developments.

#SuperTrump We fully support President Trump and hope for his speedy recovery! #realDonaldTrump as NEW president 🇺🇸#strump #maga #thenextmaga #supertrumpcoin #strumparmy https://t.co/pALnhEvj0U

— Super Trump Coin (@SuperTrumpCoin) July 14, 2024

The Politifi cryptocurrency market cap briefly surpassed $1 billion after Trump’s survival was announced. The milestone underscores the influence of external political events on cryptocurrency markets, particularly in niche sectors like meme cryptocurrencies dedicated to public figures.

As STRUMP continues to gain attention and demonstrate robust price movements, it has become a notable Politificaltcoin to watch.

Toncoin (TON)

It’s been a turbulent year for Toncoin. TON started the year at just $2.3, but has skyrocketed since then, reaching an all-time high of $8.24 a month ago.

The token is the native cryptocurrency of the decentralized layer-1 blockchain, The Open Network. TON is designed to be a utility token that powers dApps within the Toncoin ecosystem.

The Open Network project was originally called Telegram Open Network, as the team behind Telegram had been working on it since 2017. However, Telegram cut ties due to fears of problems with the SEC. Since then, it has become an exciting project for many developers and crypto enthusiasts.

It is now home to two of Telegram’s most popular games, Notcoin and Hamster Kombat, and the ecosystem has a market cap of over $20 billion. With a price increase of 452.50% over the past year, all of this suggests a bright future for Toncoin (TON).

Popcat (POPCAT)

Popcat is a viral cryptocurrency on the Solana blockchain that has seen volatile price movements, leading some to speculate that it might explode. Its price has increased by 27.45% overnight and trading volume is up by 48.57%. The token is inspired by the viral internet sensation, the Popcat meme.

This meme features Oatmeal, a beloved domestic shorthair cat whose endearing characteristic is to repeatedly open and close his mouth.

There is also a huge open interest, both positive and negative, which can further drive volatility. For traders familiar with meme coins and their propensity for rapid fluctuations, Popcat presents an interesting opportunity.

Current market momentum suggests significant potential for near-term gains, making it an altcoin to keep a close eye on. Whether you’re drawn to its meme status or intrigued by its integration into the Solana blockchain, Popcat exemplifies the speculative nature of cryptocurrency trading.

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.