Altcoins

Last chance to buy these altcoins before the Solana ETF sends them skyrocketing

Published

10 months ago

29 June, 2024

Last chance to buy these altcoins before the Solana ETF sends them skyrocketing

The long-awaited Bull Run and altcoin season could begin at any time. The cryptocurrency market is currently calm, presenting a unique buying opportunity for savvy investors. Altcoins are still at their lowest levels, like coiled springs, ready to explode with growth. The upcoming Solana ETF is expected to be the catalyst for this push. This article looks at specific altcoins that are positioned for dramatic gains. Reading further will reveal these potential winners, giving readers an edge in maximizing their cryptocurrency investments. Time is of the essence, and knowing which coins are about to skyrocket could be the key to substantial profits.

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Solana Poised for Potential Breakout as Bulls Eye Higher Targets

Solana (SOL) shows promise as it remains within the range of $120.66 to $144.15. The coin saw a weekly rise of over 8%, signaling that bulls are strengthening for a breakout. If SOL manages to surpass the key resistance level at $159.66, it could further rise to the next target at $183.15, a potential gain of around 30% from current levels. With the 10-day simple moving average around $147, crossing this point could be a good sign for the bulls. Despite the recent monthly decline, the six-month gain of nearly 42% shows strong growth potential. Keep an eye on support at $112.68 if bears return.

Celestia’s (TIA) next move: will the Bulls take matters into their own hands?

Celestia (TIA) is currently hovering between $5.30 and $7.59, showing mixed signals from both bulls and bears. Despite a one-week drop of almost 1%, the real story lies in its one-month drop of almost 46%. The RSI is at 46.37, which suggests neither overbought nor oversold conditions. If the bulls gain momentum, Celestia could break above the $9.10 resistance level and head towards the $11.39 mark, offering a promising upside of over 50%. However, if the bears remain in control, prices could fall to the support level of $4.52 or even the second support at $2.23, risking a fall of more than 50%. Now is the time for investors to watch closely.

Wormhole (W) shows mixed signals, bulls prepare for a comeback

Wormhole (W) is trading between $0.29 and $0.42, showing that the bulls are not dominant at the moment. The price recently saw a decline of around 1% over the past week and a significant decline of almost 42% over the past month. However, a whopping rise of over 580% over the past six months suggests strong long-term potential. The key resistance levels at $0.50 and $0.63 are crucial; breaking them could result in gains of up to 50% and 100%, respectively. With the Relative Strength Index at around 51 and the Stochastic near 29, the coin hints at a balanced but promising scenario for a possible bull run.

Aptos (APT) remains stable with room for improvement

Aptos (APT) is currently trading between $6.07 and $7.66, suggesting a consolidation phase. The bulls seem steady as the current price is holding above the 10-day and 100-day moving averages of $7.02 and $6.89, respectively. With an RSI of 52.08, there is potential for growth. If it breaks the nearest resistance at $8.58, it could surge another 17% to the second resistance level of $10.16. Conversely, if the price turns down, strong support at $5.41 and $3.83 could cushion the fall. The recent price action suggests an even fight between the bulls and bears, but a break above the resistance could trigger a fresh rally.

Conclusion

SOL, TIA, W and APT have seen impressive growth recently, but their near-term potential appears limited. The next star to watch is CYBRO, the next generation of DeFi. Scheduled for its first release in the second quarter of 2024, CYBRO presents a unique opportunity. Early investors can join the CYBRO token presale and benefit from favorable conditions. This makes CYBRO an attractive option for those looking to capitalize on new prospects in the cryptocurrency space.

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Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial loss.

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Altcoins

Long-Term Impact of Ethereum ETF on Cryptocurrency Market

Published

9 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

9 months ago

28 July, 2024

CoinFlix Staff

IntoTheBlock Releases Report on Institutional DeFi Trilemma

Disclaimer

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Fuente

Altcoins

Altcoins Correct Amid ETH Decline, Grayscale Outflows | Flash News Detail

Published

9 months ago

28 July, 2024

CoinFlix Staff

Disclaimer

Fuente

Altcoins

Epic Altcoin Rally Expected for August and September

Published

9 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.