Altcoins

Why Experts Say Now is the Time to Buy Altcoins at Lower Prices

Published

7 months ago

18 June, 2024

Why Experts Say Now is the Time to Buy Altcoins at Lower Prices

As the crypto market experiences a new phase of growth, many experts see this as an opportunity to consider altcoins more seriously. Current market trends suggest potential for significant gains, especially with lower prices for altcoins. Analysts are focusing on specific factors driving this optimism. Investors have shown keen interest, hoping to take advantage of emerging opportunities. Deciphering why industry leaders are currently excited could offer valuable insights to savvy crypto enthusiasts.

CYBRO puts itself on Crypto Whale’s radar with presale of its tokens

CYBRO is a new aggregation platform for enhanced crypto gains on the Blast blockchain, famous for its generous yield for ETH and stablecoins. It plays a crucial role in the Blast ecosystem, helping users make the most of this advantage. Currently, CYBRO is holding a presale of its native tokens at only $0.025an astonishing 58% off of its future listing price, which will give a 300% return on investment.

Notably, all pre-sale participants investing at least $1,000 in CYBRO at this stage will receive a unique opportunity to increase their profits with weekly ETH rewards, available for collection after TGE. There is a rumor that an ETH whale, attracted by this tempting offer, is considering purchasing a large amount of $CYBRO tokens to secure a place in this promising project. Only 21% of the total supply is allocated to presale, and approximately 25 million tokens are already exhausted.

Shop $CYBRO for 58% off while you can – Offer is limited!

CYBRO token holders will receive staking rewardsan exclusivity Airdropmarket cashback, reduced trading and lending fees and internal insurance program.

CYBRO will enable crypto growth through various investments within the Blast ecosystem and beyond, offering strategies ranging from conservative to high yield. He gives priority maximize returns with efficient crypto transactions. Future improvements include AI Broker for chatbot-assisted investing and one-click investing to maximize returns via DeFi and CeFi integration.

Develop your crypto portfolio with CYBRO! Sign up NOW for future returns of up to 300%!

Starknet (STRK) crypto price overview: moving into a corrective phase

Starknet (STRK) is currently trading between $0.84 and $1.10. The closest resistance level lies at $1.27, with support at $0.74. The coin saw a price drop of 27.04% over the past week and 26.33% over the past month. However, it shows a significant increase of 323.13% over the past six months. With an RSI low of 18.37 and a MACD level of -0.02, it is currently in a corrective phase.

Sui (SUI) Crypto Price Overview and Prediction

Sui (SUI) is currently in a price range of $0.88 to $1.08. It recently saw a price decline of 17.16% in the past week and 15.68% in the past month, although it has gained 33.27% over six months. The price is in a corrective phase, with the RSI at 26.12, indicating that it is oversold. The nearest resistance level is $1.18, while support lies at $0.80. Given these factors, Sui could potentially look to test its support levels ahead of any potential rebound.

Sei (SEI) Price Overview and Prediction

Sei (SEI) is currently in a price range of $0.38 to $0.48. The nearest resistance level is at $0.54 and the nearest support level is at $0.34. The price showed a decline of 23.60% over the past week and 31.49% over the past month. However, there is an increase of 7.15% over the last six months. The relative strength index (RSI) and stochastic indicators suggest that the price is in a corrective phase. Predict a short-term move towards the support level.

Optimism Price (OP) Faces Downtrend, Lower Levels Likely

Optimism (OP) is currently in a correction phase, with its price ranging from $1.91 to $2.26. The RSI stands at 28.98, which shows that it is oversold. The price fell by 10.65% in a week and by 22.27% in a month. The current 10 and 100 day simple moving averages are equal to $2.04, indicating no clear trend direction. With the MACD level at -0.02 and Stochastic at 11.21, a further downward move is possible, testing the nearest support level at $1.72.

Conclusion

Coins like STRK, SUI, SEI, and OP might have less potential in the near term. However, CYBRO stands out with its unique earnings market using the native yield feature of the Blast blockchain. The first release of the project is planned for the second quarter of 2024. Early investors can join the CYBRO token presale, providing a chance to enter the project on favorable terms. This makes CYBRO an attractive option for those looking to capitalize on emerging opportunities.

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Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on any information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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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.