Altcoins

Top Altcoins Below $1 to Stack Now for 10x Q2 Profits!

Published

8 months ago

20 May, 2024

What's Next for Injective (INJ), Arbitrum (ARB), and AIOZ Network (AIOZ) Prices

As Bitcoin price holds above the $67,000 mark, the crypto market has seen a significant increase in buying and selling pressure. Additionally, major tokens managed to surpass their important resistance levels, suggesting driving power in the crypto space.

However, mid- and small-cap altcoins have seen massive growth in their respective portfolios, highlighting a shift in investor interest in these altcoins.

Let’s take a closer look at the top four altcoins that are currently valued at less than $1 but have huge potential to record a return of up to 10x by the end of the second quarter.

GameStop (GME):

The latest sensational memecoin from the Soalna ecosystem, the GameStop token made its first appearance in the crypto market in January 2024. It was primarily created to pay homage to the 2021 GameStop stock short squeeze.

TradingView: GME/USDT

Positively, meemcoin is up around 100% in the last 24 hours, indicating strong bullish sentiment in the crypto space. Additionally, it surged 250% over the past week, highlighting the positive outlook for the altcoin in the times to come.

If the bulls continue to gain momentum, GME price will prepare to retest its high over the coming weeks. However, bearish price action could pull the price towards its lower support level of $0.00237 in the coming times.

Mantra (OM):

The Mantra Project is a security-focused Real World Asset (RWA) layer 1 blockchain. It is capable of applying real-world rules and regulatory requirements. Additionally, it offers permissionless blockchain for permissioned applications.

TradingView: OM/USDT

Its native currency token “OM” has already seen an increase of around 1,150% year-to-date, indicating strong bullish sentiment for the altcoin in the crypto space. With a circulating supply of 793,991,274 OM tokens, it is expected to show a significant increase in the coming times.

If the bulls continue to gain momentum, OM price will prepare to retest its ATH by surpassing the $1 mark soon. Conversely, in the event of a bearish market reversal, Mantra price will plunge towards its crucial support level of $0.6250 over the coming weeks.

AIOZ Network (AIOZ):

AIOZ Network (AIOZ) is a DePIN for Web3 AI, storage and streaming and powers a decentralized future with more security. Plus, it rewards you for sharing your computing resources for transcoding, sorting, and streaming digital media content.

TradingView: AIOZ/USDT

AIOZ price faced repeated rejections at the $0.83950 resistance level, which dragged the price into a closed range between $0.68430 and $0.83950. On the positive side, the 50-day EMA shows bullish sentiment, highlighting a positive outlook for the AI token in the times to come.

If the bulls break above the resistance level of $0.83950, the AIOZ network will prepare to test its upper resistance level of $1.02931 in the coming months. Negatively, if a bearish trend reversal occurs, the AIOZ token will plunge this month towards its crucial support level of $0.5111.

BOOK OF MEME (BOME):

Presented as an experimental project aimed at redefining Web3 culture, the BOME project ensures to be immortalized on the blockchain. Built on the Solana blockchain, the BOOK OF MEME BOME serves as the main storage. Additionally, this promotes a new dimension of decentralized social media.

TradingView: BOME/USDT

Despite losing a significant 58.61% in value from its all-time high (ATH) of $0.0280, the BOME token continues to trade with a year-to-date yield (YTD) of approximately 1,200%. At the time of writing, the BOME memecoin price was $0.011448 with a market cap of $795.86 million.

If the market sustains the price above the $0.011350 support level, the bulls will regain momentum and prepare to test its higher resistance level of $0.0132. Conversely, if the bears take control of the market, it will fall to test its lower support level of $0.01040.

Conclusion:

Volatility in the cryptocurrency market is constantly increasing, indicating an increase in buying and selling pressure within the crypto space. Additionally, the hype around mid- and low-cap tokens has attracted a new round of investors and traders, highlighting a positive outlook for times to come.

Note: Investing in mid and small cap altcoins is risky as it is very volatile in nature. Be sure to do your own research before investing in any digital asset.

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

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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.