Altcoins

Top Altcoins are poised for a 2x surge amid an ongoing bull market!

Published

8 months ago

26 May, 2024

Here's When Traders Can Expect Altcoin Season?

The cryptocurrency market has seen significant price volatility since the start of the week, highlighting an increase in prices in the crypto space. Furthermore, the decision awaiting approval of the spot Ethereum The SEC ETF has sparked a new bull rally type situation in the market.

Additionally, ETH-based tokens saw the highest gains during this period. This indicates growing investor interest in these tokens to maximize their profits during the upcoming altcoin season.

With the imminent approval of the ETH spot ETF, the crypto space is poised to experience an AltSeason in the times to come.

Are you considering investing in these altcoins? But you don’t know what his future prospects are? Dive in because, in this article, we have covered the detailed analysis and possible price targets ahead of the next rally.

JasmyCoin (JASMY):

THE JASMY Prize continues to show positive price action by adding 5.12% with a trading volume of $113.50 million, a jump of 61.18% in the last 24 hours. Additionally, the altcoin has added 8.29% over the past seven days and has a cumulative return of 229.36%.

TradingView: JASMY/USDT

Positively, the altcoin has formed a triangle pattern during the 1D timeframe and is about to test its resistance trendline. Additionally, the simple moving average (SMA) supports the price chart, highlighting strong bullish sentiment in the crypto space.

If JasmyCoin breaks out of the triangle pattern, the price will experience a bullish surge that could lead JASMY price to test its upper resistance level of $0.0275.

However, a bearish reversal could pull JasmyCoin price towards its $0.0193 support level this month.

Kaspa (KAS):

After showing a neutral trend for a while, the Kaspa Price managed to regain its momentum and surged by around 16% in the last seven days, indicating an increase in buying-on-selling pressure of the altcoin in the crypto market.

TradingView: KAS/USDT

With a rise of 6.69% in the last 24 hours and a market capitalization of $3.360 billion, Kaspa token secured the 33rd position on the global cryptocurrencies list with a trading price of $0.140.

The technical indicator, RSI, has successfully tested its midpoint and is heading towards the overbought range, highlighting increased buying sentiment in the crypto market.

If the market holds the price above the $0.140 support level, the bulls will continue to gain momentum and test its upper resistance level of $0.162 this month. Conversely, bearish price action could cause the price to fall towards its low of $0.1168.

Gala (GALA):

Despite a correction of around 1.25% over the last 24 hours, the Gala Awards successfully recorded a breakout pattern from its symmetrical triangle pattern during the 1D timeframe, highlighting a strong possibility of bullish price action in the times to come.

TradingView: GALA/USDT

The 50-day Cross EMA is poised for a bullish convergence, suggesting growing bullish sentiment for the market. Gala Awards. Additionally, the MACD shows a steady increase on the histogram, with its averages recording a positive uptrend.

If the market regains momentum, GALA coin price will break out from its important resistance level and prepare to test its upper resistance level of $0.05850. Negatively, if the bulls fail to regain momentum, this altcoin will fall towards its crucial support level of $0.03750.

Conclusion:

With the growing bullish sentiment in the cryptocurrency market, volatility is constantly increasing. Moreover, with a strong possibility of an Altcoin rally in the coming times, Ethereum-based tokens are expected to outperform the crypto market. This makes it a good opportunity for new traders and investors to stack altcoins.

Note: This article is not subject to any financial advice and the selected tokens are in no way promotional. Be sure to do detailed research before investing in any digital asset as the market is very volatile.

Also discover: The AI sector could soon gain ground as whale activity increases! Will AI-Craze be reinstated?

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.