Altcoins

Trump: US Must Lead Cryptocurrency Market or Be Left Behind

Published

6 months ago

22 July, 2024

Trump: US Must Lead Cryptocurrency Market or Be Left Behind

In a recent statement, former President Donald Trump stressed that the United States must take charge of the cryptocurrency sector, otherwise China could dominate the market. In light of this fierce race for supremacy, traders are now looking for altcoins that can generate considerable growth.

Here are five altcoins that could improve your portfolio — DTX Exchange (DTX)Ripple (XRP), Arbitrum (ARB), Solana (SOL), and Core (CORE). While many of these are top altcoins, DTX Exchange is in the second stage of its presale, which has already surged 100%. Some analysts even suggest that it has the potential to become the next 100x altcoin in 2024.

DTX Exchange (DTX): One of the Top Altcoins to Watch

Experts have labeled DTX Exchange (DTX) as the altcoin most likely to succeed. During its ongoing presale, the DTX Exchange has generated over $1 million and is expected to hit $1.5 million by the end of the month, with early buyers seeing a 100% return on investment. Even famous crypto YouTubers such as CryptoDexWorld have become aware of this project.

This is partly because DTX Exchange uses a hybrid trading model that merges the features of CEX and DEX. Thus, it allows its users to access over 120,000 asset classes, including forex and crypto, with 1,000x leverage and transaction speeds of 0.04 seconds. Additionally, no KYC checks are required upon registration, ensuring privacy for all traders.

The utility token that powers DTX Exchange is called DTX. Holding this altcoin grants you reduced transaction fees, access to advanced analytics tools, and governance voting rights. Additionally, anyone who buys $100 worth of DTX during its presale will be entered into a $1 million competition, where ten people will each win $100,000.

Currently, one DTX costs just $0.04 during the second stage of its presale. But this price will increase to $0.06 once the third stage begins, which is a 50% return on investment if you buy it now. For all these reasons, market analysts predict that its value will increase 100x in Q3 2024 once DTX reaches tier-1 exchanges. This prediction makes DTX one of the best altcoins to invest in.

Ripple (XRP): Bullish Narratives Explode

Next, we are going to talk about Ripple (XRP). Recently, Sentiment revealed that bullish narratives have emerged following Ripple’s uptrend. According to CoinMarketCap DataThe value of Ripple coin has dropped by almost 15% in the past year alone. However, the technical analysis of this altcoin shows a more positive picture.

Ripple is trading above its 100-day and 200-day moving averages while having 29 green technical indicators. Due to all these bullish news and indicators regarding Ripple, experts in the cryptocurrency space also remain confident in its growth. They predict a potential rise to $0.66 before the end of Q3 2024 for this altcoin.

Arbitrum (ARB): Massive bullish wave

Arbitrum (ARB) is another altcoin to watch. CoinMarketCap Data shows that Arbitrum’s price has fallen by nearly 40% in the past 12 months. However, crypto analyst World of Charts has made a bold claim. According to his post XARB is now approaching a trendline and if it breaks above it, a massive bullish wave could occur.

The technical analysis of the Arbitrum cryptocurrency confirms this statement. For example, around 14 technical indicators are in the buy zone for this altcoin as it is trading above its 50-day EMA. Analysts consider all these factors when making their Arbitrum price predictions. Thus, they predict that ARB will trade at $1.03 during the third quarter of 2024.

Solana (SOL): A Major Analyst With a Bold Prediction

Our analysts also paid special attention to Solana (SOL) – another altcoin that is moving in the green. CoinmarketCap DataSolana price has jumped over 500% on the YTD chart. Analyst Ali Martinez says this bullish trend will continue. his post XHe states that SOL is forming a W pattern, which means that the price of this altcoin could soon reach $174.

From a technical analysis perspective, Solana’s future also looks bullish. Notably, SOL is trading above its 100-day and 200-day EMAs while having 27 technical indicators in the green. Therefore, experts are predicting a rise to $170 before the end of Q3 2024 in their Solana price prediction.

Core (CORE): Could continue its growth

Finally, we will talk about Core (CORE), which is an altcoin that is showing bullish signs. In the past year alone, Core’s price has increased by more than 50%, according to CoinMarketCap Figures. Additionally, crypto analyst CRG demands that CORE has recovered its 200DMA and could pump soon.

The technical analysis of Core cryptocurrency also shows bullish indicators. For instance, CORE is trading above its 21-day and 50-day EMAs while having 20 green technical indicators. As a result, market analysts have made a bullish price prediction for Core. They predict a rise to $2.49 during the third quarter of 2024.

Final Thoughts on the Best Altcoins

Donald Trump’s emphasis on the need for American dominance in the cryptocurrency sector shows how vital blockchain technology is becoming to the global economy. Traders are taking an interest in altcoins such as DTX Exchange, Ripple, Arbitrum, Solana, and Core as they seek higher profits in this fast-moving market.

In this environment, DTX Exchange stands out. This rookie has connections to several multi-trillion dollar financial markets, such as the $1.4T FX market, and a small market cap. In other words, DTX is going to skyrocket much faster than its peers in the altcoin space. To buy it, follow the links below.

Visit the DTX Presale

Read the white paper

Join the DTX community

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the reliability, quality and accuracy of the materials contained in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

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.