An exceptional moment has arrived in the world of cryptocurrencies. Beneath the spotlight, certain altcoins are poised for impressive growth. These digital assets could transform financial portfolios overnight. Discover which coins hold the potential for extraordinary returns. Their value might skyrocket, turning small investments into substantial gains. Dive in to uncover these hidden gems before the window closes.

Fresh off raising $8 million in its presale, BlastUP, the top launchpad on Blast, introduces another opportunity to get $BLASTUP tokens at the presale price with the launch of Blastbox V2. This loot box is a treasure chest brimming with perks, including $BLASTUP tokens and Booster Points. Buying BLASTUP tokens ahead of TGE offers a chance to make a smart investment, as experts are predicting potential returns of up to 1000%.

Blastbox V2 offers more than just valuable assets; its a gateway to exclusive privileges on BlastUP. Owners enjoy benefits such as NFT and token airdrops, membership in the BlastUP Club, and priority access to IDOs.

Discover the Full Potential of Blastbox V2

Obtaining Blastbox V2 is your last chance to secure early access to BlastUP at the best price. This launchpad is rapidly emerging as a powerhouse in the Blast blockchain, already making waves with four successful IDOs.

If you are still searching for the next big crypto treasure, look no further. With only 9999 Blastboxes V2 available at launch and packed with unmatched utility, these rare loot boxes are poised to fly off the shelves.

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WLD stands for Worldcoin, a cryptocurrency with a mission to create a global digital identity network. Its designed to give everyone access to the digital economy, even those without internet. Worldcoin uses a unique orb-shaped device to eyeball-scan and verify users, making sure each person only gets one Worldcoin. With its aim to include everyone, WLD could shine in the next altcoin season, offering a fresh and promising tech in the crypto space. Its focus on global participation makes it an attractive candidate in the current market cycle.

SUI Coin is breaking through the clutter with its innovative approach and robust technology. This coin aims to provide secure, fast, and scalable transactions, making it a perfect fit for the evolving digital landscape. With patterns similar to the bullish trends in 2021, SUI Coin is looking increasingly attractive. Analysts believe that its unique tech and growing community support could help it gain significant traction in the upcoming altcoin season. Now might be an excellent time to keep an eye on SUI, as it holds strong potential for future gains.

Wormhole (W) is a promising altcoin that focuses on secure and fast transactions. Its innovative technology aims to revolutionize the way we send and receive money. Even with the recent market dip, W shows strong potential similar to patterns seen in 2021. This coin has a dedicated team and a growing community, making it an attractive option. As the market recovers, W could see significant growth, offering early investors a chance for substantial returns.

STRK is an emerging cryptocurrency with great potential. It aims to make financial transactions cheaper and faster using blockchain technology. Despite the recent market dump, STRK shows patterns similar to the 2021 bull run, suggesting it may soon rise in value. Its technology is designed to facilitate secure and efficient money transfers, appealing to both investors and tech enthusiasts. With increased adoption, STRK could be a standout in the upcoming altcoin season, making it an attractive option in the current market cycle.

WLD, SUI, W, and STRK show promise but might not deliver strong gains soon. BLASTUP stands out with the most potential for high returns. The concept behind BLASTUP and its integration within the Blast ecosystem make it a top pick. Investors may find greater opportunities by focusing on BLASTUP rather than the others.

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

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The Altcoin Opportunity of A Lifetime! - The Crypto Basic

Key Takeaways

On Friday, July 19 Bitcoins (BTC) dominance was 55%. It then started an uptrend that brought it to 56.5%, where it sat on July 26. That was the highest since April 13, when the market sharply declined.

After the Bitcoin 2024 conference started BTC rose by 6%, continuing its upward trend from the July 5 dip. Despite this rise, some cryptocurrencies have outperformed Bitcoin in the past week, taking some of its market share.

This analysis will cover five cryptos among the top 100 that have outperformed Bitcoin. We will also analyze the outlook for the upcoming week.

Bitcoins market dominance rose steadily from a low of 39% in November last year. On April 13, 2024, following a significant downturn in the cryptocurrency market, it peaked at 57%, the highest level since April 2021.

However, this trend has been losing steam since January, forming an ascending triangle pattern, which can often signal the final phase of an uptrend. This pattern, resembling a rising wedge, suggests that Bitcoins dominance may be nearing its peak, especially as it completes a five-wave advance.

In the short term, more upside is expected to be at least 57.40%, which would be an interaction with the ascending triangles resistance.

The altcoin index shows that we are currently in a Bitcoin season, because the altcoin season index dropped to 16. Interestingly, on June 20 we saw the same value of 16, after which it went up to 46.

In contrast, the last altcoin season began on Oct. 16, 2023, and peaked at 75 in January. As the index returns to lower-range values, we might be about to enter another altcoin season.

The table below shows five cryptos among the top 100 that have outperformed Bitcoin in the last seven days. We prioritize the 7d% change in BTC because that shows the price change against Bitcoins USD value fluctuation. However, we added the price change in USD for comparison purposes.

The cryptocurrencies are listed in order from the biggest winner a seven-day percentage difference. MEW is the biggest outperformer, with an increase of 72.22% compared to BTC, followed by HNT with 18.02%, and FLOW is last place with an increase of 5.07%.

Looking at the comparison chart, we can see that the overtaking took place after July 22, when Bitcoin peaked at nearly $68,500. It decreased by 7.20% on July 25, while these altcoins started to climb, outpacing Bitcoins 7% recovery.

Bitcoins dominance shows signs of an uptrend being completed, and the altcoin season index is at a lower range from which the altcoin season usually begins. Some altcoins have shown positive results and have outperformed BTC after July 22, with their price charts indicating a bullish trend.

In the week ahead, we could expect this sentiment to continue, with potentially more altcoins grabbing their market share and igniting an altcoin season later in August.

Disclaimer

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the authors opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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Bitcoin Dominance? MEW, HNT, 1000SATS, PYTH, FLOW Outperformed Bitcoin This Week - CCN.com

Shiba Inus marketing lead, Lucie, hints at imminent altcoin season, a period characterized by increased activities and rising prices for alternative cryptocurrencies, like SHIB.

The marketing lead made the assertion while reacting to BlackRocks recent promotional video for its iShares Ethereum Trust ETF (ETHA).

In the video, BlackRock U.S. Head of Thematic and Active ETFs Jay Jacobs highlighted Ethereums unique features. According to Jacobs, Ethereums appeal lies in its utility.

He said Ethereum can be likened to a global platform for decentralized applications, noting the growing demand for ETH. As interest in Ethereum increased, BlackRock introduced the iShares Ethereum Trust ETF to give investors exposure to the second-biggest cryptocurrency.

BlackRock was among the eight issuers that received the SECs approval to launch a spot-based ETF for Ethereum.

The companys ETH ETF commenced trading yesterday at 09:30 AM (EST), shortly after the promotional video was published, hitting $22.5 million in volume for the first 15 minutes of trading.

Reacting to BlackRocks ETHA promotional video, Lucie noted that despite the growing interest in crypto, critics still circulate FUDs (Fear, Uncertainty, and Doubt), causing concerns among investors.

She suggested that BlackRock released an Ethereum ETF video for potential investors amid this panic. As a result, the marketing lead urged crypto investors to think big, adding that the altcoin season is on the way.

Most crypto investors are looking forward to this cycles altcoin season, which could potentially lead to increased price spikes in digital assets other than Bitcoin, like Shiba Inu.

Recall that during the 2020/2021 altcoin season, the price of Shiba Inu skyrocketed massively, rallying millions of percent to an all-time high of $0.00008845 on October 28, 2021.

At the time, the market did not have many positive events compared to now. Consequently, people speculate that the recently introduced ETFs could usher in the biggest and largest altcoin season. They project that funds would flow from the traditional financial sector into the altcoin market via the Ethereum spot ETFs.

In the meantime, experts have released bullish predictions for altcoins, including ETH and SHIB. As for SHIB, there are projections that the dog-themed token would surpass its ATH to new records ranging between $0.0001 and $0.001 during the imminent altcoin season.

Whether Shiba Inu will hit these targets before the end of the 2024/2025 altcoin season remains to be seen.

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

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Epic Altcoin Rally Predicted for August and September - Crypto News Flash

The S&P 500 index experienced a 2.6% decline over the past two days, testing the 5,523 level on July 18. This correction erased gains from the previous two weeks but saw decent buying activity in the last trading hours after chipmaker Taiwan Semiconductor Manufacturing Company (TSM) reported earnings above market consensus.

Investor morale was negatively affected, which partially explains why Bitcoin (BTC) and Ether (ETH) traded down on July 18. Understanding the reasons behind the US stock market decline is essential to determine whether cryptocurrencies should sustain a positive correlation.

Fear of rising inflation due to unsustainable government debt might present a short-term negative impact but it also opens an opportunity as investors seek alternative scarce assets. However, if investors feel that the economy is worsening, especially in the job market, traders are likely to seek protection in cash and short-term government bonds.

On July 18, the US Department of Labor reported that continuing jobless claims increased to a seasonally adjusted 1.867 million during the week ending July 6, the highest level since November 2021.

This metric focuses on the number of people receiving benefits after an initial week of aid, thus serving as a proxy for hiring. This data is especially negative for the real estate market, which in turn puts the financial sector at risk.

Federal Reserve chair Jerome Powell told the US Senate Banking Committee on July 9 that the commercial real estate sector poses major risks, especially for small banks with concentrated exposure, according to CRE Daily. Powell stressed the importance of banks honestly assessing and managing their risks, as the commercial sectors challenges are expected to persist for years due to hybrid work.

Additionally, minutes from the June FOMC meeting revealed that credit quality deteriorated further in April and May, especially in the office, hotel, and retail sectors, with rising overdue delinquency rates.

This scenario partially explains the weakness in the banking sector on July 18, with JP Morgan (JPM) trading down 3.2%, Wells Fargo (WFC) down 2.8%, and Bank of America (BAC) declining 2%.

Meanwhile, US-listed tech stocks were negatively impacted after Bloomberg reported that the US is analyzing rules to control the exports of American technology, a lynchpin to artificial intelligence.

Although focused on curbing Chinas edge in chipmaking processes, such a move would curb billions of dollars in sales for these companies. Shares of Advanced Micro Devices (AMD) traded down 3.1%, while ASML Holding (ASML) declined 2%.

Jim Covello, head of equity research at Goldman Sachs, issued a warning that the artificial intelligence (AI) investment frenzy may lead to an economic bubble, as reported by Bloomberg.

Covello notes that AI investments have yielded modest returns, with Microsoft, Google, and Amazon attributing only 7% of cloud service sales growth to AI. Yet, Covello doesnt see this happening soon, as ongoing investments keep driving stocks like Nvidia.

Related: Meta wont launch new AI products in EU, citing regulatory uncertainty

David Bahnsen, founder and chief investment officer at the Bahnsen Group, echoes this caution, avoiding large tech stocks, fearing a repeat of the dot-com bust, and anticipating significant investor losses if they dont divest in time.

Bloomberg cites a survey conducted by Lucidworks, which shows that less than half of the companies investing in AI have yet to see a significant return.

Such analysis justifies the 2.5% decline in Amazon's (AMZN) stock and 2.2% in Google (GOOGL) and Apple's (AAPL) stock, which in turn spread pessimistic sentiment to other markets, including cryptocurrencies.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Stock market slump trickles into todays Bitcoin and altcoin correction - Cointelegraph