Altcoins

Top Altcoins will go from $10 to $100 in June!

Published

8 months ago

1 June, 2024

While market leaders have been showing weak price action for the past week or so, the crypto space appears to have entered a consolidation phase, suggesting a strong possibility of a delay in the Altcoin season.

However, mid- and small-cap altcoins showed a price increase this week, indicating a shift in interest among investors in these altcoins.

Are you planning to invest in mid and small cap altcoins to maximize your profits this month? Dive in because, in this article, we have covered the top 5 altcoins that have the potential to see an increase of up to 10X during this month.

ConstitutionDAO (PEOPLE):

PEOPLE coin price has shown a strong uptrend since the start of the year, indicating increased buying pressure for the altcoin in the crypto market. Positively, this altcoin has added 32.38% over the past day, 372.86% over the past 30 days, and 718% this year.

TradingView: PEOPLE/USDT

With a trading price of $0.10621, a circulating supply of 5.060 billion PEOPLE tokens and a market capitalization of $536.303 million, ConstitutionDAO price has secured the 137th position on the global crypto market list. currencies by market capitalization.

The technical indicator, RSI, continues to hover above the overbought range, indicating strong bullish sentiment for the PEOPLE crypto. Additionally, the average shows bullish convergence, which suggests that the price will continue to gain value in the coming times.

If the market holds ConstitutionDAO price above the $0.09875 support level, the bulls will prepare to test its upper resistance level of $0.140. In the event of a bearish reversal, the price could plunge towards its lower support level of $0.07560.

MAGA (ASSET):

MAGA price increased by 20.85% over the past day and increased 2 times over the past week. Additionally, the altcoin is up 273% over the past 30 days and has a year-to-date return of 5,819.23%, indicating a bullish outlook for the TRUMP token in time to date. come.

TradingView: MAGA/USDT

The Moving Average Convergence Divergence (MACD) is showing a steady increase in the green histogram, highlighting increased buying pressure for MAGA coin price. Additionally, the averages show an upward trend, suggesting a positive outlook for the altcoin in the coming week.

If the bulls continue to gain value, TRUMP price will prepare to test its upper resistance level of $24. Conversely, if the bears overpower the bulls, the price would lose momentum and fall towards its lower support level of $9 this month.

Turbo (TURBO):

Turbo price continues to show an uptrend by adding around 20% over the past day and 76% over the past seven days. Additionally, it has surged 1,386% in the last 30 days and has a YTD of 1,993.60%, making it one of the top picks on this list.

TradingView: TURBO/USDT

Although the MACD recorded negative price action in its price chart, the 50/200 day EMA highlights a strong bullish influence, suggesting mixed sentiment for the Turbo token in the times to come.

If the market sustains the price above the support level of $0.0075875, the bulls will test its upper resistance level of $0.009450 in the coming weeks. Negatively, a trend reversal could pull the price towards its lower support level of $0.0045275.

Minati Coin (MNTC):

Built on the Ethereum chain, the Minati project is an emerging blockchain with huge potential in the Metaverse. Its native token MNTC is the backbone of the Minativerse ecosystem.

Despite a correction of around 20% in the last hour, MNTC price increased by 64.03% in the last day and 210.16% in the last seven days. Furthermore, it surged 1,003.67% in 30 days and has a YTD of 2,647%.

With a trading price of $19.90, a circulating supply of 6,275,000 MNTC, and a market cap of $125 million, Minati crypto has secured the 463rd place in the global crypto market list.

Andy (ANDY):

Inspired by the Pepe Memecoin, Project Andy is based on Ethereum and quickly gained momentum after its launch. At the time of writing, the trading price of Andy tokens was $0.0002146, representing a circulating supply of 1 trillion Andy tokens and a market cap of $214,567,861.

Positively, memecoin surged 16% over the past day and 82.63% over the past seven days. Additionally, the price of ANDY has surged by around 300% since its inception, highlighting its bullish outlook for times to come.

Conclusion:

Volatility in the crypto space is constantly increasing with a Fear Of Missing Out (FOMO) type situation in the market. Additionally, the growing speculations of an AltSeason could cause the market to head towards a new ATH in the coming times.

However, investing in lesser-known tokens is very risky because they have high volatility. Make sure to “DYOR” before investing in any crypto asset.

Note: This article is not intended as financial advice and was written for research purposes only. The tokens selected for this article were based on their historical market and social sentiment and were not intended for promotion.

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.