Category Archives: Altcoin
Stock market slump trickles into todays Bitcoin and altcoin correction – Cointelegraph
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.
See the rest here:
Stock market slump trickles into todays Bitcoin and altcoin correction - Cointelegraph
Maximize Your Gains: Best Altcoin Strategies Amid The Crypto Bull Run – The Crypto Basic
The crypto market is calm right now, poised for an anticipated bull run. Enthusiasts and investors are watching closely as altcoins are still at attractive entry points. Amid this brewing storm, investors seek the best strategies to maximize their gains. This article reveals which altcoins are primed for a surge, offering insights into potential winners in the rapidly approaching bull market. Stay tuned to discover the promising coins that could lead to significant returns in the near future.
BlastUP, the premier launchpad on the Blast blockchain, has unveiled Blastbox V2, fresh on the heels of an $8 million presale success. This launch offers investors another chance to get $BLASTUP tokens at presale prices, loaded with a host of perks including $BLASTUP tokens and Booster Points. As experts forecast potential returns of up to 1000%, early acquisition of BLASTUP tokens could prove to be a savvy investment.
Blastbox V2 is a gateway to exclusive privileges within the BlastUP ecosystem. Owners are set to enjoy benefits like NFT and token airdrops, membership in the exclusive BlastUP Club, and priority access to Initial DEX Offerings (IDOs).
Unlock the Full Potential of Blastbox V2
Securing a Blastbox V2 is the final opportunity to access BlastUP at the most advantageous price. The platform has already made a significant impact within the Blast blockchain, achieving 4 successful IDOs.
For those on the hunt for the next big crypto opportunity, Blastbox V2 is the answer. With only 9999 units available at launch and packed with unparalleled utility, these limited-edition loot boxes are set to sell out swiftly.
Act Now: Secure Your Blastbox V2 Before Theyre Sold Out!
LayerZero (ZRO) has been showing strong resilience with a current price range of $4.14 to $5.87. Despite recent market turmoil, the coin has surged 73% over the past month and a stunning 426% over six months. Bulls are showing strength as they push towards the nearest resistance level at $6.53. If breached, ZRO could aim for the second resistance level at $8.27, a potential rise of nearly 50% from its current range. Given its positive price movement and impressive growth rate, LayerZero holds a promising outlook for the upcoming altcoin season.
Mantle (MNT) has been trading between $0.77 and $0.96, indicating a tug-of-war between the bulls and the bears. Despite a slight bearish dip, the coin has seen a one-week price bump of almost 19%. The nearest resistance level is at $1.03, and breaking this could push it to $1.22, a possible 40% rise. The current RSI at 39.11 suggests its not yet overbought, giving room for growth. With both short-term and long-term moving averages at $0.87, Mantle might be gearing up for a breakout, marking a potential altcoin season rally.
Pyth Networks price is currently hovering between $0.33 and $0.39. Despite recent dips, the signs are promising. Nearest resistance is at $0.41, while support sits at $0.29. The coins recent 14.54% weekly gain signals recovering strength. Both the 10 and 100-day simple moving averages are steady at $0.36, indicating a stable trend. The RSI at 44.06 and Stochastic at 12.83 suggest room for growth. If bulls gain momentum, PYTH could target $0.48, a rise of over 40% from its lower range. With positive patterns repeating from 2021, Pyth Network might see significant increases ahead.
Polkadot (DOT) has been holding steady in the $6.10-$6.66 range, showing a promising resilience despite recent market hiccups. The bulls are not out of this race yet. With the nearest resistance at $6.88, a breakthrough could spark a climb to the next resistance at $7.44. Over the past month, DOT has seen almost a 12% rise. The Relative Strength Index (RSI) at 45.71 and Stochastic at 20.37 may indicate some overselling, hinting at potential for growth. If DOT breaches $6.88, it could rise by around 10-12%, setting sights on stronger resistance levels. This mirrors patterns from 2021, suggesting that a rebound is not far off.
The potential for ZRO, MNT, PYTH, and DOT seems limited in the short term. Among the options, BLASTUP stands out with the highest potential. Its strong concept and integration within the Blast ecosystem make it a compelling choice.
Website
Discord
Telegram
Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this pages content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.
Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume 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 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.
-Advertisement-
Read the rest here:
Maximize Your Gains: Best Altcoin Strategies Amid The Crypto Bull Run - The Crypto Basic
Why Capturing A Piece Of This $450B Industry Could See This New Altcoin Outperform PEPE and SHIB This Cycle – Crypto News Flash
Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. The content of this website solely reflects the subjective and personal opinion of the authors. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. The information found on this site does not contain any information or messages, but is intended solely for information and personal use. None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. You alone bear the risk for your investment decisions.
The rest is here:
Why Capturing A Piece Of This $450B Industry Could See This New Altcoin Outperform PEPE and SHIB This Cycle - Crypto News Flash
Top Analyst Says This Altcoin Set to Rally 500% to 1,500% – The Crypto Basic
Analyst Ali Martinez has pinpointed an altcoin capable of delivering up to 1,500% return for investors as the altcoin bull market takes shape.
The altcoin market has experienced a notable surge over the past few days, with many reclaiming new monthly highs following a prolonged period of bearish sentiment. Altcoins bullish optimism was influenced by Bitcoins rebound above $60,000, with prices even touching $66,000 this week.
Notably, this upswing followed the German governments easing of billion-dollar selling pressure, which had hindered Bitcoins upward momentum some three weeks ago.
As the selling pressure has subsided, many altcoins have outpaced Bitcoin in the recovery rally. Among the top 100 assets by market cap, Solana-based meme coin Dogwifhat (WIF) currently takes the lead. It boasts a remarkable 54% seven-day percentage gain.
Worldcoin (WLD) follows closely behind, with a 47% increase. Initially, XRP had been the altcoin with the most impressive seven-day growth, but the ongoing correction has significantly eroded its previous gains.
As the altcoin market prepares for another significant explosion, renowned market watcher Ali Martinez has singled out one token as a candidate for a potential return between 500% and 1,500%.
In a recent post on X, Martinez highlighted that Big Data is a highly lucrative narrative for 2024-2025. He claimed that following in-depth research, he found the OORT token to be a hidden gem with substantial upside potential in this bull market.
Martinez highlighted the projects focus on providing a decentralized cloud solution that offers enhanced privacy, significant cost savings, and AI-driven operations.
Furthermore, the analyst cited technical data on the OORT token chart to support his bullish outlook on the asset. Specifically, he observed that OORT is establishing a bottom after surpassing TD Sequentials resistance trendline, triggered by a buy signal.
At the time of writing, OORT is trading at $0.1473, having dropped 6.2% in the past 24 hours. Although it maintains a 19.30% gain over the past week, the asset remains 21.4% below its monthly high.
Meanwhile, Martinez has identified $0.20 to $0.27 as short-term targets for investors to keep an eye on. Furthermore, he believes that OORT can potentially deliver a substantial return of 5X to 15X for investors.
Notably, this projected growth would put the asset at an unprecedented value of $2.21
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.
-Advertisement-
Read the original post:
Top Analyst Says This Altcoin Set to Rally 500% to 1,500% - The Crypto Basic
Top Altcoins 2024: Best 4 Picks For High Returns ETFSwap (ETFS), Tron (TRX), PEPE, And BONK – Live Bitcoin News
As investors look for high-yielding prospects in 2024, the world of altcoins has drawn a lot of attention. However, the top 4 altcoins that stand out as promising contenders for impressive returns are ETFSwap (ETFS), Tron (TRX), PEPE, and BONK.
ETFSwap (ETFS) is a platform that gives users access to real-time market data and fully customisable trading strategies. The market development expertise of the ETFSwap (ETFS) team guarantees sufficient liquidity and improves the trading experience in general.
However, Exchange-traded funds (ETFs) and blockchain technology are seamlessly combined by ETFSwap (ETFS) , which works with regulated, MiCa-compliant banks to ensure that tokenized assets are safely backed by real securities. Having undergone and completed the KYC requirements with SolidPROOF and putting security and privacy first, ETFSwap (ETFS) has shown their commitment to transparency.
In addition, investors can swap exchange-traded funds (ETFs) globally without the need for intermediaries with the invention of ETFSwap (ETFS). The platforms 24/7 market coverage expands investors trading options on ETFSwap (ETFS). All of these features make ETFSwap (ETFS) stand out amidst Tron (TRX), PEPE, and BONK.
Another prominent player in the altcoins space is Tron (TRX), led by the charismatic Justin Sun. The Tron (TRX) network is focused on building a decentralized internet infrastructure, with a particular emphasis on content distribution and entertainment.
Trons (TRX) fast transaction times, low fees, and integration with popular dApps have made it an attractive option for investors seeking exposure to the decentralized web and the growing demand for decentralized entertainment platforms.
Tron (TRX) has gained significant attention, and its potential in the altcoin market continues to be a topic of interest for crypto investors. However, Tron (TRX) has been making waves in the crypto community, and its future in the altcoin market looks promising.
The meme-inspired Pepe (PEPE) token is another altcoin that has taken the world by storm, capturing the attention of both seasoned investors and newcomers to the market. Leveraging the popularity of the iconic Pepe the Frog meme, the PEPE token has managed to create a strong community and a unique brand identity in the altcoins space.
The potential for PEPE to ride the wave of meme-coin hype and deliver impressive short-term gains cannot be overlooked. PEPE has created a buzz in the market, making it a hot topic among crypto enthusiasts.
Investors are keen to see how PEPE will perform in the long run, and whether this can sustain its momentum. The rise of PEPE demonstrates the unpredictable and dynamic nature of the cryptocurrency market.
Bonk (BONK), a relatively new entrant in the altcoin space, has quickly gained traction due to its dog-themed branding and the growing enthusiasm for canine-inspired cryptocurrencies. BONK has the potential to capitalize on the ongoing meme coin trend and deliver substantial returns for early investors.
The rise of BONK highlights the influence of meme culture in the crypto world. BONK is attracting a lot of attention from both seasoned investors and newcomers. As BONK continues to grow, the community is becoming one of its strongest assets. The potential for BONK to make a significant impact in the DeFi space cannot be overlooked by altcoins enthusiasts.
While ETFSwap (ETFS), Tron (TRX), PEPE and BONK offer unique value in the crypto ecosystem, ETFSwap (ETFS) stands out amidst other altcoins.
In the meantime, tokens for the ETFSwap (ETFS) presale tokens are running out fast. The set token value is $0.01831, and early buyers can buy tokens at this low price to secure them before the expected price increase to $0.03846.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
See the rest here:
Top Altcoins 2024: Best 4 Picks For High Returns ETFSwap (ETFS), Tron (TRX), PEPE, And BONK - Live Bitcoin News
Ethereum Trends After ETH ETF Issuers Submit Amended S-1 Filings Altcoin Season Next? – International Business Times
KEY POINTS
Ethereum was among the top business and finance trends on X (formerly Twitter) from Monday night through early Tuesday after applying issuers for spot Ether ($ETH) exchange-traded funds (ETFs) submitted amended S-1 filings to the U.S. Securities and Exchange Commission (SEC).
Spot ETH ETF applicants file amendments
After receiving comments from the SEC earlier this month, issuers have filed their amended S-1 filings, which need approval from the regulatory agency before the funds go live.
Senior Bloomberg ETF analyst James Seyffart revealed the news late Monday, triggering a wave of bullish comments from users of Ether, the native cryptocurrency of the Ethereum blockchain.
Another round of amended filings?
Eric Balchunas, another senior Bloomberg ETF analyst, revealed that the SEC "told issuers the fee wasn't nec[essary] yet," which means the Wall Street regulator will require another round of filings that should already include management fees.
All the redacted parts of the amended filings will be filled out before the submission of the final amended documents, "and then it's go time," he said.
When will spot ETH ETFs launch?
The SEC has not provided an exact end date for its decision on the full approval of Ethereum ETFs. SEC Chair Gary Gensler previously said that the funds will probably go live this summer, but he has been refusing to provide an exact timeline.
Balchunas said his "best guess" in terms of the exact date for the funds' launch is July 18.
Notably, ETF Store President Nate Geraci pointed out a detail in a Monday press release by Grayscale wherein the asset management behemoth set a record date of July 18 for the initial creation and distribution of shares for its Grayscale Ethereum Mini Trust, its mini $ETH ETF.
Biggest altcoin season incoming?
Prominent crypto trader Ash Crypto believes that if the SEC fully approves spot $ETH ETFs this week, "it will really kickstart the biggest altseason in crypto history."
Web3 native @TheTradingTank said the approval of an Ether ETF is "bullish for memes," and if the funds get the complete approval anytime soon, the crypto market will see "a run unlike we've ever seen."
$SOL ETFs to come around in Q1 2025?
It could well be the beginning of a bull season for altcoins, or all other coins beyond Bitcoin. Balchunas said it's turning out well for Solana ($SOL) ETFs. The $SOL ETFs may get "a final deadline of mid-March 2025," he said, adding that if incumbent President Joe Biden wins, applications for the funds will be dead on arrival. But, if GOP presidential frontrunner Donald Trump wins, "anything" is possible, as per Balchunas.
$ETH fell below $3,000 earlier Monday, but it has since bounced back and started the day above $3,000, as per CoinGecko data. It has been on a 5.8% spike in the last 24 hours.
See the rest here:
Ethereum Trends After ETH ETF Issuers Submit Amended S-1 Filings Altcoin Season Next? - International Business Times
Nate Geraci Makes a New Spot Ethereum ETF Launch Date Prediction; The 5 Altcoins Set To Benefit the Most – NFTevening.com
Nate Geraci, a popular ETF analyst, suggested that a spot Ethereum ETF could be launched in the next week or two causing waves within the crypto globe. Speculation like this has driven traders to look into top altcoins like DTX Exchange (DTX), Arbitrum (ARB), Notcoin (NOT), Mantle (MNT) and Render (RNDR).
While most of these tokens are well-established, DTX Exchange is a Stage 2 presale star that has already raised over $850,000 so far. Certain analysts hint that this rookie could become the next 50x altcoin in 2024. Keep reading to find out why.
First on our top altcoin list is DTX Exchange (DTX) the rising presale sensation that has made headlines recently. Notably, DTX Exchange has already provided early buyers with 100% ROI while also being on pace to raise $1M before July 2024 ends. Even crypto analyst CoinCurator took notice of this project, which could dominate the online trading market.
DTX Exchange integrates the best CEX and DEX features into one, making it more competitive than its peers. Unlike most exchanges focusing only on cryptos, users can trade over 120,000 asset classes, including cryptos, bonds and FX. Not only that, DTX Exchange does not require KYC checks, making it a fan favorite for people who are privacy conscious.
The DTX utility token, which powers all features of DTX Exchange, is at the core of everything they do. Holders of this altcoin will have governance voting rights and reduced trading fees. To reward those who joined early, DTX Exchange has organized a presale giveaway, in which ten winners will walk away with $100K each by buying $100 worth of DTX.
This altcoin costs just $0.04 as it is in Stage 2 of its presale a 100% increase from its starting price. However, this price will rise to $0.06 once Stage 3 begins, which is a 50% ROI if you buy it now. Due to all these reasons, market analysts predict a 50x surge once a Tier-1 CEX lists DTX in Q3 of 2024. This makes DTX one of the most promising altcoins to watch.
Next, we will discuss Arbitrum (ARB), a big force in the altcoin space. According to CoinMarketCap data, the Arbitrum price fell nearly 45% in the past 12 months. However, crypto analyst Follis remains bullish. In his X post, he claims that ARB is one of the best long scenarios he would entertain as he foresees a surge to $1.60.
The technical analysis of this altcoin is also bullish. For example, the Arbitrum crypto trades above its 50-day EMA while having five green technical indicators. Market analysts point fingers to these factors when making their Arbitrum price predictions. Thus, they foresee a potential rise to $0.83 before Q3 of 2024 ends for Arbitrum.
Notcoin (NOT) is another altcoin that has been riding a bullish wave recently. Over the past year alone, the Notcoin price surged nearly 8% as per CoinMarketCap data. Analyst Crypto Virtuos also made some bullish statements for NOT. According to his X post, NOT is not following the usual market as its volume traded has increased by 4x in 24 hours.
From a technical analysis perspective, the future of Notcoin appears bright. Notably, around 13 technical indicators are currently in the buy zone for this altcoin. As a result, prominent analysts have a new Notcoin price prediction. They predict a jump to $0.018 within Q3 of 2024 for this altcoin.
Our analysts have also focused on Mantle (MNT). Recently, Mantle announced that it has gone live on Kraken, a big listing. With this development, more users can access this altcoin that has performed quite well on the price charts. In other words, the Mantle coin value increased by over 35% in the past year alone.
Not only that, but Mantle now boasts over four technical indicators in the buy zone. Due to all this bullish news and indicators, market analysts remain optimistic about Mantle. They foresee a potential surge to $1.15 for MNT before Q3 of 2024 ends.
Last, we will talk about Render (RNDR). According to CoinMarketCap data, the Render price increased nearly 250% in the past 12 months. The crypto analyst Javon Marks pointed out many confirmed bull divergences between the RNDR price and RSI. Because of this, Marks predicts a potential 10x surge in this altcoins price soon.
Moreover, the Render token is now trading above its 50and 100-day EMAs and has 6 bullish technical indicators. Thus, there is a new Render price predictionpotentially reaching the $8.07 level within Q3 of 2024.
Thanks to Nate Geraci and his Ethereum ETF launch prediction, many traders are growing excited about altcoins on the market. Among them, DTX Exchange stands out. This rookie has a lower market cap and ties to many trillion-dollar financial markets.
In other words, DTX will have an easier path to success than Arbitrum, Notcoin, Mantle and Render as it needs fewer new funds. To sign up for the DTX presale, follow the links below and get one of the top altcoins.
Visit DTX Presale
Read Whitepaper
Join the DTX Community
See more here:
Nate Geraci Makes a New Spot Ethereum ETF Launch Date Prediction; The 5 Altcoins Set To Benefit the Most - NFTevening.com
Three Top Altcoins Poised for July Upswing – Crypto Reporter
While Notcoin may have dropped below the standard it set in the last two months, the token is still one of the key projects of the Ton ecosystem, making it one of the top altcoins to watch in July. The Artificial Superintelligence Alliance token is also set for a great month after the historic merge. On the other hand, KangaMoon exploits in the presale and its potential growth is evident and is a top altcoin to buy amidst this dip.
While Notcoin and Artificial Superintelligence Alliance are projected for a good show in July, KangaMoon is another top altcoin investors should pump their funds into. The platform became popular in the presale, attaining incredible milestones and giving investors more than 400% return on investment.
After the presale, KangaMoon has continued to fly. Already, the token went up by close to 300% with the price jumping from $0.05 to $0.15 ATH. Justifying this new surge with that of the presale, early adopters have pocketed about 1000% in profit. The new rally was aided by KangaMoons listing on CoinMarketCap and Coingecko and its subsequent listings on Uniswap and BitMart.
Analysts believe this is not the end of KangaMoon as the platform begins to roll out programs for price stability. By purchasing the token now, investors can start to explore the staking dApp for more profit. The platform is also looking forward to the broader NFT market, where it intends to launch a marketplace in the future.
Another good news is that KangaMoons market cap is only at $100 million, a nice beginning for a token launched a few weeks ago. By continuing on this trajectory, experts believe KangaMoon can reach a $1B market cap in 2024, which makes it one of the best altcoins to invest in with an anticipated surge to $1.
Notcoin hit the ground running after its massive airdrop campaign. On listing at exchanges, the token began to rally, resulting in an all-time high record of $0.02. However, Notcoins price has struggled to keep up with the pace it started, losing 40% on the monthly price chart.
Despite the dip, analysts posit that Notcoin is one of the best altcoins to buy. The platform offers easy crypto trading, wallet pay integration and robust staking benefit for users which may all contribute to a rally in 2024.
The much-touted merge between three AI tokens has finally happened with Ocean Protocol and SingularityNET metamorphosing into the Artificial Superintelligence Alliance token (FET). However, the Artificial Superintelligence Alliance coin is in a dip, having dropped by 28% in the past week based on market data.
While the sellers have been more vocal than the buyers, the relative strength index metric of the FET token is giving a green light as it is set to cross the 30 oversold level. If the Artificial Superintelligence Alliance price surges above this level, a rise to $2 for Artificial Superintelligence Alliance crypto in July is possible.
While Notcoin and Artificial Superintelligence Alliance tokens are undoubtedly smart investment options, KangaMoon slightly edges the contest in terms of profit. Its low market is a considerable factor. At less than $100 million, the token has a lot of potential to grow than the two contending tokens.
Discover the Exciting Opportunities of the KangaMoon (KANG) Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Buy KANG: MEXC, BitMart, Uniswap
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.
Go here to read the rest:
Three Top Altcoins Poised for July Upswing - Crypto Reporter
3 Bullish Signs Point to Bitcoin and Altcoin Boom – Bankless Times
Despite a recent downturn in the global cryptocurrency market, the market capitalization stands at an impressive $2.11 trillion, showing a notable 3.21% increase over the last 24 hours, based on data from Coinmarketcap. This positive trend suggests that there may be brighter days ahead for both Bitcoin and alternative cryptocurrencies. Here are three reasons why BTC and altcoins are set to surge.
CME Group data shows that Wall Street traders are increasingly expecting a Federal Reserve interest rate cut in September, with the probability of it reaching 72% on July 7th.
Lower interest rates typically benefit Bitcoin and other cryptocurrencies. When interest rates are low, the returns on traditional, low-risk investments such as savings accounts and government bonds decrease. This prompts investors to seek higher returns in riskier assets like Bitcoin, which have the potential to offer higher returns.
Lower interest rates often result in an increase in money supply and liquidity in the economy. With more money available, investors are more willing to invest in a wider range of assets, including riskier ones.
Additionally, they decrease the cost of borrowing. This means that people can borrow money at a cheaper rate to invest in higher-risk, higher-reward assets like Bitcoin, which can drive up the price of such assets as more capital flows into them.
According to several posts by observers and experts on X (formerly Twitter), the crypto market has experienced more severe corrections in recent years. One author describes the current state of the market as "the calm before the storm."
Fidelity officially filed documents for spot ether ETFs, and VanEck and 21Shares filed for spot Solana ETFs. The current trend line was also observed in 2019, 2020, and 2023. Touching it led to an altcoin bull market in the next few weeks.
Compared to altcoins in 2020, alternative coins today show a double bottom, higher lows, and a bullish cross RSI.RSI.
Despite the recent drop to $55,000, Bitcoin has shown a bullish divergence, with the Relative Strength Index (RSI) rising. This indicates that the average gains in recent price movements are greater than the average losses, suggesting more buying pressure and upward momentum in the Bitcoin price.
A rising RSI often reflects bullish sentiment, implying that traders and investors are increasingly optimistic. This can lead to further price growth as more buyers enter the market. Bitcoins current RSI is 36, which is considered neutral.
View post:
3 Bullish Signs Point to Bitcoin and Altcoin Boom - Bankless Times
German Government Bitcoin Sale Halts Ethereum Altcoin Rebound, but This Token Keeps Winning – The Cryptonomist
SPONSORED POST*
The recent Bitcoin sale by the German government has led to a notable dip in BTC prices, consequently affecting Ethereum and other altcoins. Despite the downturn, one token continues to outperform expectations.
In this article, we explore the market dynamics influenced by the German governments actions and highlight how RCO Finance is leveraging advanced AI technology to offer a unique trading experience.
On June 19, the German government-labeled wallet drew attention by transferring 6,500 BTC, worth over $425 million, sparking suspicions of Bitcoin selling. Since then, the Bitcoin selling has continued, with the wallet recently transferring $172 million worth of Bitcoin to multiple crypto wallets,
Before this transfer, the wallet had held nearly 50,000 BTC since February 2024. These funds are thought to have been seized from Movie2k, a pirate movie website operator.
Over the past week, the BTC price has dropped by 4.75% to $58,033. Despite this decline, analysts remain optimistic about Bitcoins potential for an uptrend. Consequently, the value of BTC could soon exceed the $72,000 mark.
As is usually observed, the Bitcoin slump has affected the price actions of altcoins. Ethereum is no exception, as its price has dropped over 10% over the past week. ETH is now trading around the $3,050 mark, according to Coinmarketcap data.
Crypto market analysts are expressing pessimism regarding Ethereums price action, noting that it has recently broken out of its established consolidation channel. Before now, Ethereum had traded within the past few weeks.
If Ethereum falls below the critical support level of $3,365, it would signify a downward departure from this channel, potentially driving its value below $2,770.
As Bitcoin and Ethereum falter, RCO Finance transforms the trading sector using advanced AI technology. How does it differ from other platforms? Unlike others that use generic codes for trading bots, RCO Finance utilizes machine learning to customize trading strategies.
The AI robo advisor on RCO Finance acts like a financial assistant. It learns your trading behavior and preferences and offers tailored tips for profitable trading. How could this personalized approach enhance your trading experience? It aligns strategies with your preferences, boosting your confidence in trades.
Moreover, RCO Finance includes Automated Market Makers (AMMs) that update commodity and asset prices in real-time. This ensures you always have the latest information to make informed decisions and maximize profits.
RCO Finance provides various trading options such as Forex, shares, and ETFs, making it easy to diversify your portfolio. Diversification helps reduce risk, and RCO Finance supports this with a secure platform. Its smart contract has been audited by top blockchain firm SolidProof, ensuring no security breaches.
Before starting your trading journey on the platform, consider attending the RCOF presale. How could this presale benefit you? It marks the beginning of your journey with RCO Finance.
Whether youre an experienced cryptocurrency investor or new to decentralized finance, RCO Finance offers a unique mix of tradition and innovation. The presale price is just $0.0127 per RCOF token, giving investors access to numerous utilities.
Analysts find it particularly exciting that a $100 investment could yield a $10,000 return. Thanks to its strong deflationary feature, RCOF is expected to grow by 3,000% during the presale phase.
The presale is in Stage 1, and RCOF tokens are selling quickly. In a few days, RCO Finance has already raised over $600,000 from the presale, indicating strong interest in its features.
RCO Finance invites you to experience a fusion of finance and cutting-edge technology. Align your investment goals with RCO Finances massive potential and explore new opportunities in decentralized finance.
If you are looking for significant gains, consider acquiring RCOF today. Join the journey where traditional finance meets innovation.
For more information about the RCO Finance Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
*This article was paid for. Cryptonomist did not write the article or test the platform.