Altcoins

Shiba Inu (SHIB) and Dogecoin (DOGE) surge signals 214% surge, altcoins prepare for further upside

Published

7 months ago

3 July, 2024

Shiba Inu (SHIB) and Dogecoin (DOGE) surge signals 214% surge, altcoins prepare for further upside

After struggling in recent weeks, Shiba Inu (SHIB) and Dogecoin (DOGE) are flashing bullish signals, and analysts are predicting a promising outlook for these popular meme coins as the broader altcoin market prepares for a new leg up.

Taking advantage of this possible rise in power of altcoins, the RCOF Tokenthe native token of innovative AI-based decentralized trading platform RCO Finance, is also poised to see substantial gains, providing a lucrative opportunity for early investors.

Analysts predict Shiba Inu (SHIB) to rise in July

Shiba Inu (SHIB), often referred to as the “Dogecoin killer,” is attracting the attention of cryptocurrency enthusiasts who are expecting a significant price surge in July.

The July upside projection is based on several key factors, including recent market trends, historical performance, and positive sentiment within the crypto community.

Analysts point to SHIB’s recent price movements, suggesting that the price has gained momentum and is ready to explode. Additionally, the recovery of the cryptocurrency market as a whole and renewed interest in meme coins are contributing to this bullish outlook.

In previous years, SHIB has generally seen recovery in July after June declinesBased on these past performance trends, analysts are pointing to a median profitability of 11.8% in July 2024.

Shiba Inu (SHIB) has been consolidating for some time now, and analysts have their eyes set on the support at $0.000016 and the resistance at $0.000018. The price needs to close above the resistance level for the meme coin to firmly establish a strong bullish trend.

Analysts attribute this potential upside to several factors. First, SHIB’s historical performance, coupled with its growing community support, indicates a solid foundation for growth. Additionally, recent developments and partnerships in the Shiba Inu ecosystem are expected to boost investor interest and drive prices higher.

Dogecoin (DOGE) is about to cross the finish line after prolonged consolidation

Dogecoin (DOGE) has been in a prolonged consolidation, with its price moving sideways for an extended period. However, this stagnation could soon end, signaling a breakout.

Popular crypto analyst Kaleo points out that Dogecoin has historically exhibited explosive moves after long periods of consolidation.

Notably, DOGE has seen massive surges, with increases of 6,000% and even 30,000% in short time frames.

Kaleo’s analysis He suggests that Dogecoin’s current sideways movement aligns with its previous patterns, indicating a potential breakout around December to February. He notes that DOGE could see a short-term pullback to the 8-10 cent range before this significant upward move. This correction could present a buying opportunity for investors ahead of the anticipated rally.

In a Dogecoin price prediction videoKriss Pax, another crypto analyst, highlighted Dogecoin’s resilience despite recent market downturns. He points out that DOGE has outperformed Bitcoin by 10% since mid-June, indicating relative strength.

In the video, Pax predicts that Dogecoin could test its support level at 11.85 cents and possibly reach 13 cents by the end of July. His analysis highlights the potential for a significant breakout later in the year, making DOGE a worthwhile investment.

RCO Finance’s native token RCOF is also poised to generate super gains

As analysts predict bullish momentum for popular coins and altcoins, RCO Finance (RCOF), a native token of a pioneer AI-Based Decentralized Trading The platform is gaining traction in its pre-sale phase. Thanks to the platform’s revolutionary features and promising prospects, RCO Finance is gaining ground in its pre-sale phase.

The RCO Finance platform leverages advanced artificial intelligence (AI) and machine learning (ML) to deliver personalized investment strategies through its AI-powered robo-advisors. This fully automated system eliminates the need for financial advisors, brokers, or fund managers, providing a seamless and efficient trading experience.

Furthermore, RCO Finance allows investors to access a wide range of asset classes, including cryptocurrencies, stocks, ETFs, bonds, commodities and currencies.

Additionally, the platform’s unique features, such as no KYC requirement, High leverage options, crypto debit cards for fiat conversions, and audited smart contracts make it an attractive choice for both novice and experienced traders.

As RCO Finance prepares for its official launch, investors can take advantage of the ongoing RCOF token pre-sale.

RCO Finance Presale Offers Early Investors 3000x ROI Opportunity

The current course RCO Finance pre-sale presents a golden opportunity for early investors to maximize their gains.

With 50% of tokens allocated to the public sale, the project demonstrates a strong commitment to community development and fair distribution.

The presale is divided into five stages, each offering RCOF tokens at progressively higher prices. This structured approach ensures early investors will receive significant returns when the token begins trading on cryptocurrency exchanges.

In step 1, the RCOF token is evaluated at $0.01275, while the expected sale price is between $0.4 and $0.6. An investment of $1,000 in Phase 1 could yield up to $30,000 at launch, which translates to a Gain of 3000%.

The deflationary model, which involves burning unsold tokens, further increases the value of the token over time.

Additionally, participating in the RCO Finance presale offers the potential for substantial financial gains and provides a stake in a cutting-edge platform poised to revolutionize the DeFi space.

RCOF holders enjoy various benefits including reduced transaction fees, staking rewards, dividends, and governance voting rights.

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.

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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.