Altcoins
Key Indicators Show Ethereum Entering a Growth Phase – An Eth-Based Altcoin Rally to Watch
Ethereum could see massive growth in the coming months and potentially hit a new all-time high. The growth of ETH will influence the rally of the ETH-based altcoin.
PlayDoge, Sealana, WienerAI, Dogeverse, 99Bitcoins and Sponge V2 are projects that could see massive growth in the coming months.
More in the article.
>>>Buy the best Altcoin based on ETH!<<
Ethereum is poised to hit a new all-time high
As of May 28, 2024, the price of Ethereum was around $3,700, supported by a substantial market capitalization of $463 billion. Despite a slight decline of 2.04% over the past 24 hours, ETH saw an increase of 5.4% over the past week, highlighting an upward trend.
Technical indicators are mostly positive, with 85% suggesting an upside outlook. These predictions indicate that Ethereum is ready to breach the $4,000 resistance level. Forecasts for the end of 2024 suggest prices will surge as high as $5,000, driven by a recent update from Dencun. These elements suggest a strong potential for Ethereum to reach new all-time high. If ETH reaches $5,000, it will set a new all-time high price record.
>>>Buy the best Altcoin based on ETH!<<
ETH-based altcoins rally to follow as Ethereum price rises
Smaller altcoins could benefit from Ethereum’s surge and grow massively. Here’s more about them.
PlayDoge could be the next coin to grow during an ETH-based altcoin rally!
PlayDoge is attracting investor interest with its innovative approach to gaming and rewards. This coin combines nostalgic virtual pet care with modern blockchain technology. Users interact with the game through a mobile app, where they feed and care for their Doge. And if your pet is happy, you earn tokens. These tokens can be used within the PlayDoge ecosystem or exchanged for other cryptocurrencies.
The excitement around PlayDoge isn’t just about nostalgic/charming gameplay. The project has already raised more than $380,000 during its first hours of pre-sale, demonstrating strong market interest. With over 30% of its $9.4 billion token supply allocated to presale and strategic reserves, PlayDoge is well-positioned for growth. Don’t hesitate to join the DogePlay presale now.
Sealana is the biggest Solana project!
Since its pre-sale launch, Sealana has demonstrated dazzling potential. This altcoin is growing rapidly, raising over $550,000 shortly after its presale began. To purchase Sealana, you need to send tokens to Solana’s designated wallet. For every $SOL you send, you get $6,900 SEAL.
Featured by an obese seal, Sealana is a refresh in the crypto space thanks to its unique branding. Seal is inspired by a famous South Park character and presented with chips, pizza or tuna.
Solana was among the new cryptocurrency coin presales to watch out for in June. The project has so far raised more than $3 million in funding. If you want to buy $SEAL, hurry up. The project sold quickly.
WienerAI – the best AI meme project of the year
WienerAI stands out in the crowded coin market by integrating advanced AI into the meme industry. The project makes it easier to navigate the crypto landscape by performing market analysis and trading coins through decentralized exchanges. Plus, you can do it at no cost.
Additionally, WienerAI offers passive income opportunities through staking. Investors can earn a substantial APY of 303%. Experts predict that WienerAi could see a significant price increase. $WAI has the potential to reach $0.002 in 2024. If this prediction is true, WienerAi will increase by 100% from the initial presale price. Next year, $WAI could reach $0.003, and by the end of this decade, $0.004.
WienerAI is on pre-sale and you have two days to buy it until the next uprising. This altcoin has raised over $3.4 million in funding so far.
Dogeverse is the hottest topic in the crypto world
This multi-chain cryptocurrency project allows users to navigate six blockchains: BNB, Ethereum, Solana, Polygon, Base and Avalanche. You can buy $DOGEVERSE on any of them and transfer your coins between these blockchains.
Investors in $DOGEVERSE can stake their tokens to earn an attractive 63% APY. Experts predict that Dogeverse is the next crypto to explode after Dogecoin. Price predictions for $DOGEVERSE suggest that it could reach $0.00061 by the end of this year, $0.0012 by 2025, and $0.0066 by 2030.
This impressive growth potential has placed Dogeverse among the best meme coin presales of May 2024. If you are considering an investment, now is the time to act before the token goes live on DEXs. The Dogeverse presale ends on June 3 and the claim will go live on June 5.
99Bitcoins is pioneering a Learn 2 Earn system
A respected and well-established community, 99Bitcoins is the go-to educational platform, boasting over 700,000 YouTube subscribers and 2 million users enrolled in crypto courses. The company recently launched a crypto called 99Bitcoins. The project offers an innovative Learn to Earn rewards system. This system allows users to learn about crypto by rewarding them with $99 BTC.
The $99 BTC presale is still ongoing and the project has raised over $1.7 million in funding. The presale will move to the next stage in five days, so if you want to buy $99 BTC cheaply, hurry up and take advantage of this opportunity.
Sponge V2 could be the next 100x community coin
This ETH-based altcoin is the upgraded version of last year’s popular meme coin, SpongeBob Token. Sponge V2 can replicate the success of its predecessor and reach higher price points. The project has already staked over $20 million worth of coins, offering exceptional staking rewards. Investors can earn an impressive 321% APY on Polygon and 161% APY on Ethereum.
Sponge V2 isn’t just about staking; it also aims to provide utility through a Play 2 Earn game. Once launched, this game will allow players to compete on the leaderboards and earn additional $SPONGEV2 tokens.
The Sponge V2 claim is going to start soon, which means you have some time left to buy it. best altcoin based on ETH before this happens. When the claim goes live, you will not be able to purchase $SPONGEV2 on Ethereum, only on Polygon.
Final Thoughts
Despite minor fluctuations, Ethreuem’s recent performance highlights a potential breakthrough, supported by bullish technical outlook and expectations of reaching new price milestones.
The forecast also indicates that an ETH-based altcoin rally may follow. PlayDoge, Sealana, WienerAI, Dogeverse, 99Bitcoin and Sponge V2 are mentioned as altcoins that could be supported by Ethereum’s growth.
If you want to invest in them, now is the right time because you can get them at a lower price. For more information on the new cryptocurrency, visit newcrypto-currency.com.
>>>Buy the best Altcoin based on ETH!<<
Warning: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in this content. Do your research and invest at your own risk.
Altcoins
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.
Altcoins
Altcoins Are Severely Undervalued, Awaiting Ethereum Move | Flash News Detail
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Altcoins
Altcoins Correct Amid ETH Decline, Grayscale Outflows | Flash News Detail
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.
Altcoins
Epic Altcoin Rally Expected for August and September
- 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.
See more
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.
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