Altcoins

Short-Term Crypto Opportunities for This Summer

Published

7 months ago

28 June, 2024

Short-Term Crypto Opportunities for This Summer

The Bull Run and Altcoin Season is set to begin any day now. The overall market situation is calm before the expected rise. Altcoins are still at low prices, making them susceptible to exploding at any moment. This calm before the storm paints a promising picture for investors eyeing short-term opportunities in crypto this summer. As the market prepares for a radical change, keen investors are eager to find out which coins are poised for significant growth. To make sure readers don’t miss out, they will find information on the most promising altcoins poised for rapid growth.

CYBRO Presale Exceeds $1M: A One-in-a-Million Next-Gen DeFi Investment Opportunity

CYBRO draws attention from crypto whales as its exclusive token presale quickly exceeds 1 million dollars. This Next-Generation DeFi Platform provides investors with unparalleled opportunities to maximize their income in all market conditions.

Experts predict potential ROI of 1200%with CYBRO tokens available at a pre-sale price of just $0.025 each. This rare and technologically advanced project has already attracted prominent crypto whales and influencers, indicating great trust and interest. In another exciting update, CYBRO has introduced a reference program which runs until July 15. It offers commissions of 12% on token purchases from direct referrals, 3% on second-level referrals, and 2% on third-level referrals. Rewards are distributed weekly in USDT and referrals receive double CYBRO points on their first deposit using the referral code.

CYBRO token holders will enjoy lucrative yield betting rewards, exclusive airdropscashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and around 25 million already sold, this is a golden opportunity for savvy investors to get a stake in a project that truly represents a one in a million stake.

Join CYBRO and aim for future returns of up to 1200%

Polygon (MATIC) Poised for Rebirth Despite Current Market Concerns

Polygon (MATIC) is currently trading between 51 and 62 cents, suggesting uncertainty among traders. With a recent decline of over 25% over the past month, bears have taken control. However, the coin has shown resilience at its 46 cent support level. If the bulls manage to break through the 67 cent resistance level, we could see an uptrend. Beyond that, the 77 cent mark could be the next target, representing a potential gain of around 24%. Current indicators such as simple moving averages and the relative strength index are showing mixed signals, but there is still room for growth if market sentiment shifts positively. Keep an eye on these key levels for potential breakout opportunities.

zkSync (ZK) Poised to Surge as Bears Lose Grip

zkSync (ZK) is showing mixed signals, but the bulls could have the upper hand. Currently, it is trading between $0.077 and $0.277, bouncing off its support levels. Despite a recent week-long decline of nearly 30%, the coin has seen a 66% surge over the past month, suggesting growth potential. With the closest resistance at $0.386, breaking above this resistance could push prices significantly higher, targeting the second resistance at $0.586. This would mean a possible jump of over 110% from the lower end of its current range. The RSI and other indicators show a firm balance, leaning slightly towards bullish momentum. If this trend continues, zkSync could be on the verge of an exciting ascent.

Blast (BLAST) Poised for Explosive Gains: Bulls Prepare for Next Wave

Blast (BLAST) is booming, posting strong gains recently. The price surged 270.73% over the past week and month, and the coin is currently trading between $0.71 and $4.88. The indicators are mixed but promising. The RSI of just over 50 suggests room for growth, and further upside could easily push BLAST towards the $6.97 resistance level and even higher, potentially reaching $11.15, which would result in gains of more than 300%. With this kind of momentum, BLAST is definitely a coin to watch in the upcoming altcoin season.

Starknet (STRK): Bulls Prepare for Breakout as Bears Weaken

Starknet (STRK) is currently trading between $0.60 and $0.87. Despite a recent 46.1% month-on-month decline, the coin has surged 249.1% over the past six months, showing strong long-term potential. The bulls and bears are locked in a fierce battle, indicated by an RSI of 51.9 and a stochastic level of 54.36. With the closest resistance at $1.04, a break above this level could propel STRK towards $1.31, which would mark a near 100% increase from the lower boundary of the current range. The simple moving averages and MACD indicate stability with potential for upward movement.

Conclusion

MATIC, ZK, BLAST and STRK show less potential in the short term. The main focus should be on CYBRO, the Next Gen DeFi. With its first release scheduled for Q2 2024, CYBRO offers early investors a chance to join the project on favorable terms by participating in the CYBRO token presale.

Disclaimer: This press release article is provided by the Client. The Client is solely responsible for the content, quality, accuracy, products, advertising or other material on this page. Readers should conduct their own research before taking any action related to the material available on this page. The Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.

Please note that The Crypto Basic does not approve 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 opinions 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 losses.

-Advertisement-

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

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.

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.