Altcoins
Top 5 Altcoins That Will Remain Relevant Despite Central Bank Digital Currency (CBDC) Rollout By 2030
Several Apex banks around the world are working on issuing their own central bank digital currencies (CBDCs) as people become more and more interested in digital currencies. Unlike most decentralized cryptocurrencies, these digital currencies will be managed by central banks.
Currently, CBDCs are already being developed in 132 countries, with Jamaica, Nigeria, the Bahamas and China’s e-CNY taking the lead. By 2030, the Bank for International Settlements plans to create 15 retail CBDCs and nine wholesale CBDCs. Additionally, the use of CBDCs is gaining more and more importance, with some countries already testing theirs.
Meanwhile, this new trend could change the altcoin market by introducing fierce competition, changing regulations, and changing investor opinions. Although we will have to wait and see how this affects altcoin prices, below are the top 5 altcoins that would still remain relevant in the market despite the upcoming advent of centralized digital currencies.
As a Pioneer of GameFi and Social Fusion, KangaMoon (KANG) Holds Huge Longevity Potential
The year 2030 does not seem to be a time when KangaMoon (KANG) will lose relevance at all. The glamor coin and play-to-win token have achieved quite a feat in a short period of time. Specifically, KangaMoon managed to surpass $6.5 million in presale revenue after selling over 80% of its late-stage presale tokens. Along with this, KangaMoon shocked early buyers with over 400% ROI, going from $0.005 to $0.025.
For context, KangaMoon is a coin project that leverages social media incentives with play to win gaming models, creating an immersive ecosystem where participants can have fun while earning KANG tokens alongside other valuables. Dubbed “Kangaverse,” this immersive ecosystem hosts various fighting contests that players can enter to win $KANG tokens or even in-game assets like rare avatar skins.
Although it has not yet launched to the mainstream crypto market, analysts have high expectations for the native KANG token. Some predict that KangaMoon’s price could reach $0.5 this year, especially after its listing on Tier 1 exchanges. Meanwhile, KangaMoon now boasts a rapidly growing community of over 20,000 members, proof of its influence on the meme coin market.
Thanks to its newest community engagement partnership with RaidSharkBot, KangaMoon is poised to gain even greater adoption and potentially surpass Dogwifhat and Bonk. Currently, new and existing members who comment and share KangaMoon’s social media posts receive free $KANG tokens from KangaMoon, a distinguished approach to supporting community development.
Solana (SOL) Improves Impressive Network Performance That Could Stand the Test of Time
Solana (SOL) is a high-performance blockchain platform known for its fast transaction speeds and low fees as well as its meme coin count pool that has brought a Large TVL and market capitalization to its platform.
Currently, all Solana meme coins, including the most popular ones like Dogwifhat, Bonk, BOOK OF MEME, Popcat, and cats in a dogs world, have managed to garner over $6.2 bars in market capitalization. This highlights the importance of the Solana network for its growth in the years to come.
Among the top five altcoins in the market, the Solana network originally supports decentralized applications (dApps) and smart contracts, making it attractive to developers and users. Therefore, its relevance over the next decade will likely be influenced by its ability to scale further, maintain low transaction costs, and continue to foster a vibrant ecosystem of dApps and coin projects.
The forward-thinking nature of Celestia (TIA) paves the way for new use cases in the years to come
Celestia (TIA) is a relatively new crypto in the blockchain space that focuses on privacy, security, and decentralized finance (DeFi) applications. It emphasizes user anonymity and robust security features. Celestia’s token saw a remarkable 354% price surge since its launch, establishing a substantial market cap value of $1.7 billion.
One of the main strengths of Celestia Network is its provision of a centralized alternative for data availability, opening the door to new applications previously impossible to achieve on Ethereum. Additionally, its compatibility with the Ethereum blockchain due to the high initial block size and low transaction fees suggests a symbiotic relationship that could unlock other use cases in the altcoin market.
As an original cryptocurrency, the relevance of Bitcoin (BTC) is untouchable
Bitcoin (BTC) is the first and most well-known cryptocurrency, often referred to as “digital gold”. It is decentralized, limited in supply, and serves as a store of value and medium of exchange. Bitcoin’s relevance will likely endure due to its brand recognition, decentralized nature, and status as a store of value.
However, the existing crypto asset may face challenges from CBDCs in terms of adoption for daily transactions. Regardless, its role as digital gold and a hedge against inflation could still be important. Better yet, its influence on the broader altcoin market is also a factor to consider when considering its potential growth.
Bitcoin’s rise over the past few years has been monumental, with the last year seeing the token rise by over 100%, demonstrating its enduring value in the market. With the approval of several ETFs and the anticipation of additional developments to come, Bitcoin’s relevance is almost permanent.
Dogecoin (DOGE) is the original coin that inspired many people and is still leading
Dogecoin (DOGE) started as a coin, but gained popularity and community support over time. It features low transaction fees and fast block times. Dogecoin’s relevance depends on its ability to maintain community engagement, adapt to technological advancements, and potentially find use cases beyond its meme origins.
Meanwhile, the native DOGE token may face more challenges than other coins on this list in terms of long-term utility and adoption; although it still exerts an immeasurable influence that may not dissipate anytime soon. CoinMarketCap analysts even expect Dogecin to remain relevant in the coming years and likely reach $4,423 by 2050.
How relevant will KangaMoon remain in the next decade?
There are many factors to consider when considering the longevity and relevance of KangaMoon. Firstly, being a meme coin already represents a bonus, because we know that meme coins are increasingly supported by community support.
With KangaMoon’s engaging and enriching platform, it is expected to be able to amass millions of users over the next decade. In a nutshell, KangaMoon is also a pioneer in GameFi and SocialFi, an innovative approach that is poised to make significant waves in the play-to-earn market and on blockchain.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://Kangamoon.com/
Join our Telegram community: https://t.me/Kangamoonofficial
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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