Altcoins

Turn $1,000 into $100,000 by Investing in 3 Blue Chip Altcoins Under $1

Published

8 months ago

23 May, 2024

4 Altcoins to Buy Before Altcoin Season Starts

Markets returned to the green, lifting returns in May from dismal to profitable. Bitcoin Price peaked at $72,000 on Monday after falling to $56,500 in April. Ethereum, the largest of the blue-chip altcoins, made impressive gains from $2,800 support to highs above $3,700.

This price rise triggers bullish sentiment among investors who want to make the most profits during the bull run. However, narrowing down the right altcoins to buy is an uphill battle for many.

The selected altcoins featured in this article are affordable but also have the potential to rally around major cryptocurrencies to buy like BTC and ETH. Still, investors should do their due diligence before purchasing any of these coins, which could turn a $1,000 investment into $100,000 by 2024.

1. Blue Chip Altcoins to Buy – XRP

XRP price reclaimed support at $0.5, followed by a remarkable spike to $0.54 before Wednesday’s correction took over. An impressive performance based on the news of the spot Ethereum ETF. As indicated in the Ethereum Price ForecastETF analysts have revised the chances of approval by the Securities and Exchange Commission (SEC) from 25% to 75%.

Although bullish sentiment around the ETF persists, XRP is facing resounding volatility. This could explain a 3% correction in 24 hours to $0.5313, CoinGecko the data shows.

An ETF for XRP could contribute to the coin’s expected rally in 2024 and 2025. Analysts Project XRP Price to reach a new all-time high and even narrow the gap to $10 during the bull run.

XRP Price Chart | Commercial view

Meanwhile, a daily close above the red 50-day EMA at $0.536 could strengthen the bullish structure in the current and upcoming sessions. As Bollinger Bands tighten further, they increase the chance and magnitude of breakout.

Should XRP Above the 200-day EMA in purple, FOMO could trigger a significant move narrowing the gap to $1. Key milestones that XRP price needs to pass to validate the long-term uptrend include the $0.6, $0.7, and $0.8 resistance levels.

2. Polygon (MATIC)

Polygon’s MATIC, a native cryptocurrency token of one of Ethereum’s major layer 2 blockchains, has seen renewed demand pressure since mid-May, exhibiting a V-shaped reversal from 0.643 $. This recovery caused the asset’s value to rise by 11.8% to currently trade at $0.718.

Polygon Price Chart | CoinGecko

Over the past six weeks, the price of Polygon (MATIC) is oscillating between two horizontal levels at $0.768 and $0.643. During this period, price bounced several times on both levels, suggesting a lack of dominance from buyers and sellers. However, a closer look at the daily chart reveals higher lows forming across the candle wicks, indicating a gradual increase in buyers’ influence on the asset.

If the MATIC Price if successful, it could surpass the $0.85 mark and aim for $0.95, which could generate a 24% gain.

3. Pépé’s piece

Pépé Prize increased by 24.65%, reaching $0.00001383. This increase propelled its market capitalization to $5.82 billion, placing it 21st among cryptocurrencies. Investors appear to have turned to PEPE, while dumping older coins like Dogecoin (DOGE) and Shiba Inu (SHIB).

Trading volume over the past 24 hours also saw a substantial jump, climbing 89.75% to $4.43 billion, representing 76.14% of its market capitalization. The circulating supply remains at 420.69 trillion PEPE, which is the total and maximum supply of the memecoin.

Pepe – Coingecko price table

Many long positions are emerging, pointing towards an uptrend. Meanwhile, speculation about the possible approval of Ethereum spot exchange-traded funds (ETFs) in the United States is fueling market optimism. These developments suggest positive sentiment among crypto investors.

The current uptrend has propelled Pepe coin past the $0.000015 resistance level, hinting at a potential upward trajectory. If the bullish momentum continues, Pepe could aim for targets of $0.00003 and even $0.00005.

Conclusion

Investing in blue-chip altcoins requires a lot of resilience. However, after identifying the right coins to buy, all that remains is to manage the wallet. To buy altcoins like XRP, DOGE, and PEPE, it might be prudent to buy as prices correct from current levels in an attempt to maximize gains in the bull market.

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.