Altcoins

VanEck CEO predicts Bitcoin market cap will be at least half that of gold, major Altcoins could follow the same path

Published

8 months ago

13 June, 2024

VanEck CEO predicts Bitcoin market cap will be at least half that of gold, major Altcoins could follow the same path

Speaking to Melker, VanEck CEO Scott said that traditional finance can help increase Bitcoin’s market capitalization to half that of gold, which currently stands at $15.7 trillion. So, this half implies that the market capitalization of Bitcoin would increase to $7.85 trillion.

Thus, the market capitalization of Bitcoin must increase by 5.7x to reach this milestone. If this happens, the market capitalization of major crypto coins could also increase.

Develop

5 coins whose market cap could increase by 5x

Bitcoin is the most famous cryptocurrency today and has set the trend for other cryptocurrencies in the market that have imitated its price trend in the past. Below are the top 5 crypto coins that could follow the same trend in the coming months.

Angry Pepe Fork (APORK): Angry Pepe Fork (APORK): This is a memecoin built on the Solana blockchain that allows its holders to earn free tokens by defeating Zombie memecoins.
Notcoin (NOT): This is the native currency of a telegram-based clicker game released in 2023, at the end of the third quarter. This cryptocurrency is also one of the 50 largest on the market today.
Injective (INJ): This is an artificial intelligence token that has caught the eyes of the market thanks to its price surge as well as its combustion mechanism.
Kaspa (KAS): This is a fast POW coin and the only one famous for implementing something called GHOSTDAG to facilitate faster transaction processing.
Bonk (BONK) was once the largest memecoin on the Solana blockchain and sparked the meme coin frenzy in the meme coin market.

The Best Altcoins to Buy for the Next Bull Run

Based on the bull market outlook, below are the top altcoins that investors can buy for returns above 5x;

1. Angry Pepe Fork (APORK)
The newest coin project that will lead the Solana market to more gains is Angry Pepe Fork. (APORK). Angry Pepe Fork has launched a presale for its native token, APORK, currently priced at $0.014 per token. Analysts predicted that in the coming weeks, there would be a 200% price hike and a 100-fold increase after its launch and listing on major centralized exchanges.

Analysts are convinced that APORK is the best coin capable of mirroring Bitcoin price action due to the unique use case it introduces. Another reason is that APORK has enough room for its market capitalization to increase compared to the top altcoins, whose market capitalization has already exceeded $1 billion.

To achieve this, Angry Pepe Fork forms a community of rebels who have surprised the entire space even corner. Their goal is mainly to crush zombie coins that are causing problems in the market. The interesting part is that community members can earn free APORK tokens by crushing zombies.

Angry Pepe Fork also has a staking feature that its users can benefit from. APORK holders can stake their tokens for 30, 60 or 90 days. The advantage is that pre-sale investors can start benefiting from the Angry Pepe Fork staking option from the pre-sale phase without having to wait for the project launch.
Visit the Angry Pepe Fork presale

2. Notcoin (NOT)

Notcoin (NOT) has grown from a “listening token” to one of the largest cryptocurrencies on the market. The altcoin’s price recently saw a 400% surge, propelling it to a new all-time high of $0.02896, surpassing the prices of Bitcoin and Ethereum.

Less than a month after its listing, Notcoin has become a top 50 cryptocurrency with a market capitalization of over $2 billion. Analysts predict larger increases in the coming months and believe there will be more to come. They predicted a market cap of over $5 billion and a price of $0.04536.

3. Injective (INJ)

Injective is an AI-powered token known as Injective and this token market cap could also grow five times this year. Currently, its market capitalization is between $2 billion. Although the upward price trend seen at the end of the previous year for injective parts has faded, experts expect further price increases for AI-based parts in the coming months.

Furthermore, AI-based projects have increased significantly in recent months. The price is predicted to reach $45 in the coming months and a market cap of $5 billion or more before the end of this year.

4. Kaspa (KAS)

Kaspa (KAS), the proof-of-work cryptocurrency that uses the GHOSTDAG protocol, is one of the altcoins that could benefit from Bitcoin’s rising market cap. It is currently moving in an upward direction and has managed to achieve double-digit gains on the weekly, bi-weekly and monthly charts.

Over an annual period, the price of Kaspa has increased by approximately 900%. Although the current market capitalization stands at over $4 billion, it is estimated that over the next few months it is expected to reach $20 billion.

5. Bonk (BONK)

Bonk is another memecoin that was once the largest in Solana; it is slowly recovering from the bear market. Bonk has skyrocketed over 7,000% in the past year and is among the best coins to invest in right now.

Experts are hopeful about the Bonk memecoin and the future of this token in the coming months. Its market capitalization currently exceeds the $2 billion mark. A 5-fold increase would see this value increase to more than $10 billion.

Conclusion

Since the US SEC approved Bitcoin ETFs, several price predictions have emerged about the future of Bitcoin. Some analysts have set their bar at $80,000, while the most aggressive have set it at $150,000.

Whether the first event occurs or the second, it is obvious that the price of the coins would increase and so would the market capitalization. According to the article, speculation suggests that the market capitalization of the above-mentioned altcoins, namely Angry Pepe Fork, Notcoin, Injective, Kaspa and Bonk, can mimic that of Bitcoin.

Buy Angry Pepe Fork Before Its Price Skyrockets

Disclaimer: The above content is non-editorial and TIL hereby disclaims all warranties, expressed or implied, with respect thereto. TIL does not necessarily guarantee or endorse the above content, nor is it responsible in any way for it. The article does not constitute investment advice. Please take all necessary steps to ensure that the information and content provided is correct, updated and verified.

Fuente

Up Next

These Altcoins Outpace Crypto Market Rebound

Don't Miss

List of Top Three Altcoins Expected to Rise in Tandem with Bitcoin Pump

CoinFlix Staff

We are the editorial team of CoinFlix, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on CoinFlix, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

Click to comment

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.