As cryptocurrency markets evolve, meme coins are poised to lead the next altcoin season. With Bitcoin in a consolidation phase, analysts are shifting focus to these speculative yet popular assets.

Originally created as jokes or parodies, meme coins have evolved beyond their novelty origins to become significant profit generators.

In the first half of 2024, meme coins ranked among the top earners in the crypto market. This trend signifies a shift in investor sentiment and market dynamics, suggesting a sustainable movement rather than a temporary surge.

If an altcoin season happens, memes will outperform the alts. If an altcoin season doesnt happen, memes will outperform the alts, meme coin analyst Murad Mahmudov, predicted.

Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

Mahmudov targets meme coins within the Ethereum (ETH) or Solana (SOL) ecosystems, specifically those with market caps between $5 million and $200 million. He looks for coins that have reached or are approaching critical mass, indicating a strong, cult-like community.

Mahmudov believes in a straightforward investment strategy buy and hold for over a year, avoiding derivatives and volatile micro-cap meme coins.

Among his high-conviction picks is American Coin (USA), believed to benefit from national events like July 4, the Olympics, or the US Elections. These events could catalyze significant price movements.

My thesis is simple, identify the number 1 coin in each meme coin sub-category and simply Buy & Hold. This is the number 1 country coin, whose citizens are the wealthiest and most represented on crypto Twitter, Mahmudov explained.

Other meme coins in his portfolio include Popcat (POPCAT), Retardio (RETARDIO), and GigaChad (GIGA), which highlight the diversity within the meme coin sector.

The cultural resonance of meme coins is a major draw. They reflect contemporary internet culture, mixing humor, critique, and community spirit. This cultural connection engages a broad demographic, particularly young, tech-savvy investors active on Crypto Twitter.

Miles Deutscher, another crypto influencer, supports this view. He notes Pepe (PEPE) and Foxy (FOXY) as top picks and praises their balance of return potential and risk, and observes that meme coins often outperform more fundamentally driven altcoins during major market downturns.

Meme coins, in general, I dont think you can really fade in terms of having some positioning there in your portfolio. They are still the strongest coins in the market. They continue to exhibit relative strength, Deutscher said.

Read more: 11 Top Solana Meme Coins to Watch in July 2024

Investors are increasingly sophisticated about meme coins, seeking quick profits and looking for assets with longevity and cultural impact. This strategy reflects wider investment trends where narrative and community engagement can significantly influence an assets value.

However, market participants should understand that the current dominance of meme coins is driven more by culture than by the fundamentals of individual coins. A diversified portfolio and thorough research are essential for anyone considering meme coins as part of their investment strategy. Its important to note that retail investors behavior can sometimes skew market sentiment regarding legitimate projecs.

Retail investors are drawn to meme coins because they offer the same opportunities as venture capitalists during seed, pre-seed, and private sale rounds. Platforms like Solana provide technological and affordable infrastructure for launching meme coins on decentralized exchanges. While meme coins have a higher failure rate compared to traditional investments, new coins keep entering the market due to the low development costs and sustained demand from contrarian financial investors. Its challenging to view them as long-term investments in the traditional sense, but the niche and industry are here for the long run. Long-term investments in meme coins do exist, like Dogecoin, but investors should recognize the speculative nature of these assets, Jonas Dovydaitis, Co-Founder & CEO at PAiT, told BeInCrypto.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

More here:
Next Altcoin Season: Why Meme Coins Will Outperform? - BeInCrypto

Los Angeles, USA, July 04, 2024 (GLOBE NEWSWIRE) --

In a strategic move to capitalize on the anticipated surge in altcoin markets, OkayCoin, a premier platform in thecryptocurrency stakingarena, today announced significant enhancements to its Ethereum staking yields. Under the leadership of CEO William Miller, OkayCoin is setting new standards for high-yield staking opportunities, positioning its users to maximize returns as market dynamics evolve.

"Anticipating a significant uptick in the altcoin sector, we have proactively optimized our Ethereum staking services to offer some of the highest yields available in the market today," said William Miller, CEO of OkayCoin. "This initiative is designed to equip our users with robust tools to increase their earnings potential ahead of expected market movements."

Strategically Increasing Staking Yields The enhancements to OkayCoinsEthereum staking programinclude increased interest rates and improved reward structures that are designed to attract both new and seasoned investors. These changes come at a crucial time when the cryptocurrency community is buzzing with predictions of a strong altcoin season, which typically sees increased activity and price spikes across alternative cryptocurrencies outside of Bitcoin.

Empowering Users with Competitive Staking Options OkayCoin's revamped Ethereum staking strategy includes several key features:

Education and Support to Navigate Market Changes Understanding the complexities of crypto market trends and their implications for staking can be daunting for many investors. To address this, OkayCoin has ramped up its educational initiatives, offering comprehensive resources and expert support to help users understand market trends and optimize their staking strategies.

"We are committed to providing our users with not only the tools but also the knowledge they need to succeed in the evolving crypto landscape," added Miller. "Our educational programs are designed to demystify market trends and empower investors to take strategic actions based on informed insights."

Enhancing Security in Volatile Markets With increased yields and market activity comes the need for heightened security measures. OkayCoin has implemented advanced security protocols to ensure that all staking operations are protected against potential cyber threats and market volatilities.

Future Outlook and Expansion Plans As OkayCoin continues to anticipate and react to market trends, it is also expanding its service offerings beyond Ethereum to include a variety of other promising altcoins. This expansion is part of the company's broader strategy to offer diverse staking opportunities across a range of cryptocurrencies, thereby catering to a wider audience and fostering a more inclusive cryptocurrency ecosystem.

"We see this enhancement of ourEthereum stakingyields as just the beginning," Miller concluded. "OkayCoin is poised to lead the charge in offering lucrative staking options that align with market trends and investor expectations. We look forward to continuing to innovate and expand our offerings to meet the needs of our global user base."

Expanding Staking Options Adding to its robust suite of staking options, OkayCoin now offers a diverse range of packages designed to meet the needs of different investor types, including:

Each package ensures the return of principal post-staking, enhancing investor confidence and supported by OkayCoins unwavering commitment to security, simplicity, and transparency.

Security and Compliance Recognizing the importance of security, especially in a fluctuating market,OkayCoinhas enhanced its platform with state-of-the-art security features that safeguard investor assets against potential threats. Additionally, OkayCoin adheres strictly to regulatory standards, ensuring that all staking activities are compliant with global financial regulations.

Looking Forward With the crypto market's rapid growth and the increasing popularity of staking as a passive income stream, OkayCoin's strategic blueprint is timely. It positions the company to continue leading the charge in innovation and service excellence in the cryptocurrency staking space.

"We are committed to continuously evolving and adapting our services to meet the needs of our users," Miller concluded. "This strategic blueprint is just the beginning. We look forward to empowering our clients to achieve greater financial success and security through effective crypto staking strategies."

For more information about how to get started withOkayCoinand make the most of the crypto summer, visithttps://okaycoin.com or use media contacts.

Media Contact Details Contact Name: William Miller Contact Email: william (at) okaycoin.com Company Add: 525 Flower St, Los Angeles, CA 90071 USA City/Country: Los Angeles, USA Website:https://okaycoin.com

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency & securities.

Link:
OkayCoin Elevates Ethereum Staking Returns in Anticipation of Altcoin Surge - GlobeNewswire

The crypto analyst from the Altcoin Daily channel recently revealed a retire early, which proposes turning a mere $1,000 into a million-dollar fortune.

In a recent analysis, the Altcoin Daily host warned that BlackRocks Larry Fink and key figures in the U.S. political scene, like Donald Trump, are about to pump crypto markets higher than ever before. He asserted that current participants are in a position to amass generational wealth as a result.

First, he drew attention to the incoming phase of the currently successful Bitcoin spot ETFs market. According to the latest records, the U.S. Bitcoin spot ETF market has seen a cumulative inflow of $14.56 billion after 112 trading days.

Meanwhile, the Altcoin Daily analyst and Brian Dixon, CEO of Off the Chain Capital, believe the best is yet to come. They argued that the buying pressure of BTC by ETFs is just about to heighten.

In an interview with CNBC, Dixon argued that much larger allocations to Bitcoin spot ETFs are on the horizon. He explained that large investors like sovereign wealth funds, endowments, pension plans, and foundations are still in the process of conducting due diligence.

He noted that these investors must complete their research, move through investment mandates and committees, and educate their clients before making allocations. Accordingly, Dixon expects the most significant inflows into Bitcoin spot ETFs to surface towards the end of this year and early next year.

On the political side, U.S. presidential candidates Donald Trump, Joe Biden, and Robert F. Kennedy Jr. are courting the crypto community, which now boasts over 50 million Americans.

Moreover, even traditionally anti-crypto Democrats are becoming more supportive of crypto, further underscoring its increasing relevance in politics. Trump, in particular, has expressed a strong desire even to build a Crypto Army.

To stress the significance of the current situation, Dixon highlighted that Bitcoin has historically followed its cycles regardless of the election, generating significant performance gains.

He emphasized that this pattern has occurred independently of election cycles. Dixon noted that the addition of ETFs further amplifies the performance potential for this cycle as ETFs provide an easier onramp for people to gain exposure to Bitcoin.

Regarding the growing negative sentiment in the market, Dixon stressed that market dips should not deter investors. The industry pundit pointed out that Bitcoin experiences several 20-30% drops during bull markets before reaching new highs.

This pattern was observed in 2017 and 2021 and is already in play in 2024. As a result, he highlighted that volatility is necessary for the market to allow for more significant price movements on the upside.

Commenting on this, the Altcoin Daily presenter posited that once Bitcoin clears $100,000, altcoins will go crazy, leading to opportunities for generational wealth.

Accordingly, he emphasized that now is the time to get involved in the crypto market. He urged investing in altcoins before Bitcoin embarks on a rally towards $500,000 by next year, as depicted in his presentation.

Notably, altcoins are known for outperforming Bitcoin. A hypothetical surge of Bitcoin to $500,000a gain of over 7x from its current valuecould set altcoin investors up for even greater returns, especially with meme coins renowned for their potential 100x gains.

For example, during the 2021 bull run, Shiba Inu soared by over 884,000%, while Bitcoin only surged 720%.

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-

Visit link:
Expert Shares Strategy to Turn $1,000 into $1M and Retire Early - The Crypto Basic

SPONSORED POST*

Coinbase is making the rounds in the crypto industry as it proceeds with the highly anticipated listing of the LayerZero (ZRO) altcoin, which recently launched into the markets. Famous market experts reveal ETFSwap (ETFS), selling fast in its viral ICO presale at a low price of $0.01831, as the next bullish altcoin to debut on Coinbase and other top exchanges in the coming weeks.

ETFSwap (ETFS) Is The Next 500x Altcoin To Be Listed On Coinbase

Famous crypto market experts tout ETFSwap (ETFS) as the next DeFi utility token meeting the criteria of a token listing on Coinbase, having identified its unmatched DeFi utilities and solutions paired up with a next-generation ETF trading platform.

ETFSwap (ETFS) is a top-notch DeFi trading platform offering the lowest trading fees and mouth-watering discounts to smart traders and investors leveraging it for high profitability. The DeFi platform is open 24/7 and creates an inclusive trading environment for beginner and veteran ETF traders to build wealth. Smart ETF investors and traders enjoy up to 100x trading leverage to scale returns on tokenized ETF investments up to 45,000%.

The DeFi platform provides unlimited access to various institutional-grade investment products and highly sought-after tokenized ETFs in the global finance market. Spot Ethereum, Bitcoin, equity, bond, and leveraged ETFs are among the many tokenized ETFs listed on the DeFi trading platform, and they have the potential to scale small investments into six figures.

The DeFi trading platform is borderless and permissionless, allowing smart investors and traders to swap and trade various cryptocurrencies and tokenized ETFs in full DeFi mode without KYC registrations and onboarding formalities. Smart traders and investors leveraging the DeFi platform for trading and tokenized ETF investments are provided with next-level AI trading tools and profitable strategies customizable to their investment needs and risk appetite.

Smart investors with a low-risk trading appetite are covered as the DeFi platform features zero-risk investments, such as its asset staking and yield farming investment opportunities, which guarantee a passive income when investors provide liquidity and stake assets on the DeFi platform. Also, ETFSwap (ETFS) rewards its asset stakers with up to 87% in staking yields.

Following the bullish precedence of Bitcoin and Ethereum, ETFSwap (ETFS) plans to launch its own ETF in 2025. An ETFSwap (ETFS) ETF is the icing on the cake for smart investors looking to increase investment profitability and benefit from generational wealth opportunities in the coming months.

Coinbase Lists LayerZero (ZRO) Altcoin Amid Market Uncertainty

Earlier this week, the Coinbase crypto exchange and trading platform headlined major crypto news platforms when it expanded its cryptocurrency offerings to users by listing the highly anticipated LayerZero (ZRO) altcoin. At the time of LayerZeros launch and listing on Coinbase, general market conditions were bearish as crypto analysts reported low trading volumes of most cryptocurrencies due to market-wide uncertainty.

However, LayerZero (ZRO) had a decent welcome from its launch on Coinbase as it rallied up to 100% from its listing price before bearishly retracing. LayerZero (ZRO) is forecasted by famous market experts to be among altcoins, including ETFSwap (ETFS), with a 500x potential to scale portfolios of early investors.

At press time, LayerZero (ZRO) trades at $3.04, a 16.20% price decline in the last 24 hours of trading on Coinbase.

Conclusion On ETFSwap As The Next Altcoin To Debut On Coinbase After LayerZero Token Listings

ETFSwap (ETFS) unparalleled DeFi utilities, coupled with its viral ICO presale, which records huge successes selling out fast at $0.01831, are placing it in the spotlight of top crypto exchanges, including Coinbase, vying for an ETFS listing after presale ends. ETFSwaps (ETFS) grand listing on Coinbase, among other top exchanges, is expected to be bigger than LayerZero as top analysts forecast a 500x price rally during its token launch.

Position yourself for life-changing gains by investing in the presale, which is selling out fast at a takeoff price of $0.01831.

For more information about the ETFS presale:

Visit ETFSwap Presale

Join The ETFSwap Community

*This article was paid for. Cryptonomist did not write the article or test the platform.

Go here to see the original:
Coinbase Lists LayerZero Altcoin, Expert Reveals The Next Coin To Debut On The Exchange - The Cryptonomist

Bitcoin (BTC) dominance has experienced a significant 2% drop in the last 24 hours, sparking renewed interest and optimism among altcoin investors. This dramatic shift comes on the heels of a sharp sell-off earlier this week, raising questions about the onset of a new altcoin season.

Over $122 million in leveraged long Bitcoin positions were liquidated as BTCs price dropped below $61,000, raising the risk of potentially falling below the critical $60,000 threshold.

The BTC Liquidation Heatmap, shared by Credible Crypto on X (formerly Twitter), highlights the largest amount of long liquidations in a single day since April. Negative funding rates imply traders are paying to hold short positions, indicating bearish sentiment.

Despite high open interest, many long positions have already been liquidated, potentially reducing future selling pressure. This massive liquidation and price decline directly contributed to the drop in BTC dominance, suggesting a reallocation of capital into altcoins.

Prominent analyst Dami Defi shared insights indicating a sharp decline in BTC dominance, suggesting that altcoins are gaining market share.

Historically, a drop in BTC dominance often leads to a surge in altcoin prices. The Total 3 Index, which measures the total market capitalization of all cryptocurrencies, excluding Bitcoin and Ethereum (ETH), remains stable at crucial support levels, supporting the argument that the altcoin market is poised for a resurgence.

Analysts also noted that the BTC dominance drop signals a liquidity flow into altcoins, echoing similar patterns from past market cycles. The holding of local support by the Total 3 Index further supports the notion of a potential altcoin season.

In the wake of the recent Bitcoin price correction, which saw BTC dip below $59,000 before rebounding to $61,500, altcoins have shown remarkable resilience. Over the weekend, altcoins have shown significant activity despite Bitcoins disappointing performance.

While BTC and Ethereum traded in the red, altcoins like Solana (SOL), Toncoin (TON), Dogecoin (DOGE), and Cardano (ADA) have posted impressive gains, erasing their losses from the previous week.

Prominent crypto analyst Michael van de Poppe observed a familiar pattern where altcoins typically follow Bitcoins downward trend but then bounce back once BTC bottoms out.

His analysis shows that Bitcoin pairs often exhibit signs of bottoming before USDT pairs, suggesting that current movements in altcoin prices against Bitcoin may indicate an imminent reversal. His analysis highlights the recent strong bounce in Bitcoin from its range lows, with altcoins performing even better since that level.

The ongoing developments related to the Mt. Gox Bitcoin repayments have also added to market volatility. Anticipation of these repayments has contributed to fluctuations in BTC prices, indirectly affecting altcoin performance.

With altcoins showing strength and market indicators pointing towards a potential trend reversal, investors are closely watching for signs of an impending altcoin season.

The Altcoin Season Index, a metric used to gauge the relative performance of altcoins against Bitcoin, currently sits at a low of 22 out of 100. This reading indicates that we are still in a Bitcoin Season, but the market conditions are showing early signs of a potential shift.

While there are promising signs of an upcoming altseason, the cryptocurrency market remains inherently unpredictable. Investors should remain vigilant and stay informed about market trends and changes.

It is crucial to thoroughly investigate and analyze altcoin projects when building investment positions to maximize potential gains while effectively managing risks.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

See the original post here:
Altcoin surge incoming: BTC dominance takes sharp dive in 24 hours - Finbold - Finance in Bold