Altcoins

Unveiling Hidden Crypto Gems: Prepare for Altcoin Season Post-Market Dip With These Top 5 Altcoins

Published

9 months ago

14 May, 2024

Unveiling Hidden Crypto Gems: Prepare for Altcoin Season Post-Market Dip With These Top 5 Altcoins

With the cryptocurrency market falling, traders are looking for unknown tokens that could bring them big profits during the altcoin season. This article examines five of the best unknown altcoins: KangaMoon (KANG), Render (RNDR), Sui (SUI), Ondo (ONDO), and Cosmos (ATOM).

KangaMoon (KANG): among the promising Altcoins to watch

In first place on our list of best altcoins, we have KangaMoon (KANG). This rising pre-sale star has already provided early buyers with a 400% ROI while boasting of raising over $6.6 million. Additionally, some projections suggest that KangaMoon could raise $8 million before the end of May 2024. The future of this altcoin looks bright with this fact, and more than 6,000 KANG holders are already present.

Essentially, KangaMoon has ambitions to dominate the Play-to-Earn (P2E) gaming market, which Yahoo Finance predicts will reach $8,856 million by 2028. It will achieve this by creating a P2E game with KANG as main currency of the game. With KANG, you can purchase in-game items or even access exclusive challenges for additional rewards.

What sets this altcoin apart from others is its SocialFi aspect. To clarify, KangaMoon is community driven. For example, it is now offering the most active community members free KANG tokens before its official launch. So, 20,000 registered community members like KangaMoon’s social media content to earn this altcoin for free.

KANG only costs $0.025 since it is in the bonus phase of its presale. This is a 400% growth from its starting price. However, market analysts remain optimistic, predicting a potential 100x increase once a Tier 1 CEX lists it in the second quarter of 2024. Considering all these factors, KANG could become one of the best altcoins to invest in.

Render (RNDR): another Altcoin gaining ground

We will then discuss Render (RNDR) – the disruptive force in the cloud computing industry. Recently, this altcoin has been making headlines. Render announced that the initial community vote for Blender Cycles integration passed. This integration will provide nearly 2 million Blender users with seamless access to the Render Network and its resources.

Looking at Render’s price movement, it has increased by 541% in the past year alone, with its market cap remaining at $4.2 billion. Additionally, more than 26 technical indicators are found in the Render token’s buy zone. Thus, market analysts have made a bullish prediction for the price of Render. They forecast a potential rise to $13.92 for Render in Q2 2024.

Sui (SUI): Climbing the Altcoin List

Next, we need to discuss Sui (SUI), an altcoin that has been making waves in the crypto market recently. Sui noted that it achieved throughput of over 800 TPS, a major milestone showing that Sui can handle this volume of transactions.

With the return of altcoin season, Sui could soar. In fact, Sui’s trading volume now stands at $209 million, while its market capitalization is $2.3 billion. Additionally, the RSI of the Sui crypto shows 35 (a bullish sign). For all these reasons, experts in the crypto field have established a Sui price prediction: reaching $1.57 before the end of the second quarter of 2024.

Ondo (ONDO): up almost 450%

We placed Ondo (ONDO) in second-to-last place, an altcoin showing significant gains. Data from CoinMarketCap shows that Ondo’s price surged almost 390% over the past 12 months, while its market capitalization held steady at $1.10 billion. This upward trend is expected to continue as Ondo announced it will strengthen its partnership with ether.fi.

Technical analysis of this altcoin also shows bullish signals. For example, 16 technical indicators are flashing green for the Ondo coin. Market analysts note all of these charts when making their Ondo price predictions. Thus, they predict a rise to $1.23 for Ondo in the second quarter of 2024. This price prediction makes Ondo one of the altcoins to watch.

Cosmos (ATOM): major developments to come

Finally, we will mention Cosmos (ATOM). This altcoin project is a decentralized blockchain network connected by the Inter-Blockchain Communication (IBC) protocol. Cosmos price has seen a 13% decline on the chart since the start of the year. However, Cosmos announced that IBC arrives on the BNB channel throughout TOKI.

This development could trigger a rally for this altcoin. Additionally, more than 13 technical indicators are green for Cosmos crypto. Thus, experts predict a jump to $13.76 in the second quarter of 2024.

What are Altcoins?

Altcoins are cryptocurrencies other than Bitcoin, which is known as the original and most popular of all. They were created to eliminate many problems in the crypto market.

Should you buy Altcoins?

There may be several reasons why it may be interesting to buy altcoins:

Low price: Altcoins are offered at relatively low prices per coin, unlike Bitcoin, which is very popular.
Diversification: With altcoins, you can diversify your portfolio, thereby reducing risk.
Utility: Altcoins typically have various use cases that can redefine entire markets.

Conclusion

For those looking to make money in the upcoming altcoin season, these are some of the best to watch: KangaMoon, Render, Solana, Ondo, and Cosmos. However, KangaMoon has a significant advantage: a low market capitalization of $19.6 million. This means it will need much less new funding for its price to skyrocket.

If you want to purchase it, register now for its presale and benefit from a 10% bonus on each purchase.

Discover the exciting opportunities of the KangaMoon (KANG) presale today!

Website: https://Kangamoon.com/

Join our Telegram community: https://t.me/Kangamoonofficial

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.