Altcoins

New Data Shows Expected Timeline For Altcoins To Hit 1000x Rally, Solana ETF Will Have Major Impact

Published

7 months ago

6 July, 2024

New Data Shows Expected Timeline For Altcoins To Hit 1000x Rally, Solana ETF Will Have Major Impact

Rumors are swirling that an altcoin rally is coming for several reasons. Bitcoin is in freefall and crypto investors are pouring their funds into other crypto projects. The Solana ETF is set to become a major catalyst for the sector as the trading instrument is already in line for launch.

Not far from Solana (SOL) is a new DeFi token that is looking to break into the top ranks of cryptocurrencies. The project, RCO Finance (RCOF)is offering upgrades for users’ trading across the market, and the altcoin’s spike could help its bullish trajectory.

First of all, let’s see how the rally might unfold.

Altcoins to get reprieve from bearish pressure

This is a regular development among cryptocurrencies, which are entering a bullish trajectory after a series of price corrections. Altcoins have been experiencing a slow price movement in the cryptocurrency market since Q1 and are going wild in Q3.

One of the main drivers of the market is the cyclical nature of the market, especially when it comes to Bitcoin and Ethereum spikes. These two tokens typically have a significant influence on altcoins, and a rise in either would mean a general rise in the cryptosphere.

Ethereum is gearing up for a huge surge, as the Ethereum ETF is set to launch later this month. Analysts have predicted that inflows will reach 5 billion dollars In the first few months, as Ethereum gains momentum, you can expect the rest of the market to follow suit.

Solana ETF: Another Selling Point

The Ethereum ETF is still under scrutiny from the US SEC, but crypto traders are eager to jump on the ETF trend for every major altcoin in the cryptosphere. Solana is a consensus pick for the next round of ETFs.

Institutional investors have backed their Solana ETF application with shares, as 3iQ filed its SOL ETF application on the Toronto Stock Exchange last week. Days later, Van Eck and 21Shares followed suit by filing an S-1 with the SEC.

Now, the petitions have prompted Solana to take some action. 15% profit on the weekly charts, and other tokens in the SOL ecosystem are also on the rise. In addition, the Solana coin is also expected to reach $300 before the end of the year.

If the announcement of the Solana ETF petitions could generate such bullish momentum, the actual launch of the Solana ETF would have a significant impact on the altcoin market. Most analysts see the Solana ETF becoming a reality within the next 12 months.

If 12 months seems like a long time to you, remember that the RCO Finance pre-sale is already online.

RCOF: Benefits for all seasons!

The DeFi space has been a constant source of innovation for years, and RCO Finance is another pioneer in the evolution of cryptocurrencies. The project’s features are rooted in cutting-edge technology and intensive research into trader challenges.

For cutting-edge technology, you will get the Robo Advisor as a financial assistant to guide your trading strategies. RCOF’s Robotic Advisor is an AI tool that leverages machine learning algorithms to generate personalized trading advice for its users.

So instead of having generic advice on which assets are bearish or bullish, Robo Advisor provides deeper insight into the precise positions that are most profitable for each trader.

It also takes into account the user’s trading preferences, such as risk tolerance and investment goals, to ensure that you don’t stray too far from them. In this sense, the Robo Advisor is a tool that helps you maximize your profits.

Other features such as perpetual derivatives, liquidity provision and lending, unlimited global access to DeFi, and no KYC are among the market research products on RCO Finance.

The benefits will be unlocked as soon as RCOF tokens are launched. Until then, you can get your RCOF coins at discounted prices with incredible ROI.

Join the RCO Finance presale today!

While RCO Finance offers a new approach to AI trading, the token also offers users a host of features to help them achieve financial stability quickly. The smart contract is clean and has been audited by Strong evidence.

5% of the project’s token supply has been set aside to reward users for their pledges and contests. This incentive will help grow an active RCOF investor community that will attract even more investors.

Each RCOF token sells for $0.0127; you have 3000% to win when they launched. This represents a return of $30,000 on a $1,000 investment. As the token skyrockets, which will follow increased usage of the platform, analysts believe RCOF tokens could rise even further after launch.

For more information on the RCO Finance pre-sale:

Visit the RCO Finance pre-sale

Join the RCO Financial Community

Disclaimer: This is a paid release. 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 any information available in this content. Do your research and invest at your own risk.

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

Disclaimer

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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.