Category Archives: Altcoin
These Are This Week’s Top Altcoin Performers as Bitcoin (BTC) Stalls Below $68K (Weekend Watch) – CryptoPotato
As it happened during the past few weekends, bitcoins price actions have calmed, and the asset sits at just under $68,000.
The altcoins are also quite sluggish on a daily scale, but the weekly landscape has produced some mind-blowing gains.
Bitcoin had a strong start to the current week as it exploded from under $69,000 to over $70,500 in hours on Monday. As the bulls were preparing for another run, perhaps even challenging the all-time high of $73,800, the assets trajectory reversed, and it started losing value rapidly.
By Tuesday, the cryptocurrency had slumped by more than three grand and was close to breaking below $67,000. The volatile price rides kept coming in the following days, including a few attempts to take down $70,000 and a couple of drops to under $67,000.
The end of the business week was a lot less eventful, and BTC calmed at around $68,000. The weekend has been particularly sluggish as the primary digital asset has failed to make a single big move in either direction and now stands inches below that level.
Its market capitalization stands still at $1.330 trillion, while its dominance over the alts is at 50%.
Most altcoins have mimicked BTCs performance on a daily basis, meaning that they have failed to produce any significant moves. As such, we will focus on the weekly performances.
The landscape is quite painful for some larger-cap alts like Uniswap, which has slumped by more than 12% within this timeframe. Dogecoin is down by 7% and has slipped below $0.16. More losses come from the likes of BCH, NEAR, ARB, IMX, and XRO.
In contrast, ETH is with minor weekly gains, mimicked by TON and SHIB. LINK and WIF have jumped the most in the past seven days.
The biggest gainers from the top 100 alts are NOT (270%), BRETT (61%), JASMY (50%), TIA (22%), and BGB (21%).
The total crypto market cap has shed about $40 billion since last Sunday and is at $2.660 trillion on CG now.
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3 reasons why Ethereum price remains strong against Bitcoin – Cointelegraph
Ether (ETH) started the year strongly but began tapering off in mid-March. However, the altcoin began picking up momentum in mid-May amid anticipation of the approval of spot Ether exchange-traded funds (ETFs)in the United States.
Although ETH has trailed Bitcoin (BTC) since Jan. 1, it has outperformed the flagship cryptocurrency since spot Ether ETFs received official approval from the Securities and Exchange Commission on May 23.
Since May 15, ETH has surged approximately 30% compared to BTCs 9% gain in their respective U.S. dollar pairs.
There are three main reasons why ETH has been outperforming BTC throughout the past several days, including a growth in network activity and increased excitement surrounding the launch of spot Ether ETFs.
Ether is up 23% over the last 10 days, outperforming Bitcoin and other top layer-1 tokens. BTCs price has climbed only 2% over the last 30 days, while other top-cap layer-1 tokens, such as BNB Chains BNB (BNB) and Solanas SOL (SOL), have rallied 3.35% and 1%, respectively, over the same timeframe.
The ETH/BTC ratio began ascending on May 17, reaching a two-week high of $0.05854 on May 23, a 31% increase.
From a technical point of view, the ETH/BTC weekly chart showed a bullish divergence from the relative strength index, suggesting that a trend reversal had started, as observed by trader and founder of MN Trading Michal van de Poppe. This ratio is considered bullish as long as the ratio remains above 0.051.
ETH is absurdly undervalued, pseudonymous analyst Plazma declared in a May 31 post on X, adding that the ETH/BTC ratio will hit 0.1 within a few months and 10ETH will be equal to 1BTC.
Ethereums network activity and scaling solutions contribute to its performance. Data from DappRadar shows a 7.75% increase in transaction volume among top Ethereum decentralized applications (DApps) over the past week, fueled by decreases in Uniswap, Eigenlayer, MetaMask and Banana Gun. The number of unique smart contracts on Ethereum also rose from 37,870 on May 20 to 38,066 on May 31, according to CryptoQuant.
Additional data from CryptoQuant reveals an increase in Ethereums network activity over the last seven days.
Besides strengthening on-chain metrics, the likelihood of Ether ETFs making their market debut soon is adding to ETHs bullish momentum and increasing strength against Bitcoin.
Bloomberg senior ETF analyst Eric Balchunas believes these investment products have a legit possibility of launching by late June after BlackRock updated a key filing necessary for launch.
BlackRock updated its S-1 form for its iShares Ethereum Trust (ETHA) with the SEC nearly a week after the regulator approved its19b-4 filing.
Blachunas said that another round of filings to fine tune SEC comments is likely, but an end of June launch [is] a legit possibility. However, he kept his approval odds for around July 4, adding that an earlier approval would be a long shot.
Fellow Bloomberg ETF analyst James Seyffart said BlackRocks updated S-1 is almost certainly the engagement we were looking for.
Market participants are optimistic that spot Ether ETFs will see ETH reach new highs as some speculate Wall Street will use it as a bet on Web3s growth. Others speculate ETHs pricecould hit $10,000 this cycle as institutional capital is rotated into Ether ETFs.
Cointelegraph does not endorse the content of this article nor any product mentioned herein. Readers should do their own research before taking any action related to any product or company mentioned and carry full responsibility for their decisions.
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3 reasons why Ethereum price remains strong against Bitcoin - Cointelegraph
Breakout Altcoins To Add To Your Portfolio Before The Altcoin Season – The Crypto Basic
The current bull run presents promising opportunities for investors. Discover several altcoins showing strong potential for significant gains. These breakout coins could create substantial value in any crypto portfolio. Exploring these options ahead of the altcoin season may lead to impressive results. Delve deeper to uncover which altcoins are poised for remarkable performance.
CYBRO is a new aggregator platform for enhanced crypto earnings on the Blast blockchain, which is famous for its generous yield for ETH and stablecoins. It plays a crucial role in Blasts ecosystem, helping users get the most of this advantage. Currently, CYBRO runs a presale of its native tokens at just $0.025, an astounding 58% discount from its future listing price, which will give a 140% ROI.
Notably, all presale participants investing at least $1,000 in CYBRO at this stage will receive a unique opportunity to boost their profits with weekly ETH rewards, available for withdrawal post-TGE. There is a rumor that an ETH whale, attracted by this tempting offer, is considering buying a hefty scoop of $CYBRO tokens to secure a place in this promising project. Only 21% of the total supply is allocated for the presale, and around 25 million tokens have already been sold out.
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Holders of CYBRO tokens will get staking rewards, an exclusive Airdrop, marketplace cashback, reduced trading and lending fees, and the in-house insurance program.
CYBRO will enable crypto growth through diverse investments within the Blast ecosystem and beyond, offering strategies from conservative to high-yield. It prioritizes maximizing returns with efficient crypto transactions. The future improvements include AIBroker for chatbot-assisted investments and One-Click Investment for optimizing yields via DeFi and CeFi integration.
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Recent analysis suggests a positive market sentiment toward Toncoin. The coins price has shown a significant upward trend over the past month and six months. Although some indicators reflect cautious trading, the general trajectory points upward. This optimism could boost investor confidence and drive further interest in Toncoin. With strong support and incremental resistance, Toncoin may continue to gain traction and stability in the market.
Despite some mixed signals, Aave has shown resilience and modest growth. Recent price gains over the past month suggest renewed interest, though the long-term trend is less clear. The coin is currently trading within a tight range, hinting at potential volatility. Support and resistance levels are well-defined, suggesting a strategic entry for cautious buyers. Aaves fundamentals remain robust, but the sentiment indicates a watch-and-wait approach for many investors.
The Pyth Networks price trend reveals recent declines, suggesting a bearish market sentiment. Despite its moderate long-term gain, technical indicators point to caution for short-term investors. The coins struggle to stay above support levels and falling moving averages indicate potential further drops. Without significant positive shifts, PYTH may continue to face downward pressure, possibly testing its lower support zones. Investors should stay alert to any significant market developments.
Starknet shows mixed signals in the market. Its currently bouncing between closely placed price limits with certain levels acting as points of resistance and support. Indicators and recent price changes reveal a neutral to slightly bearish sentiment. Starknets strong growth over time still catches investors eyes. The coins technology and use cases may continue to drive interest and stability, despite current wavering feelings.
TON, AAVE, PYTH, and STRK show promise but may deliver slower gains in the short term. The main focus should be on CYBRO. This unique marketplace uses the Blast blockchains yield capabilities. It will launch in Q2 2024. Early investors have a chance to benefit by joining the CYBRO token presale. This could present a favorable opportunity to get in early on a project with strong future potential.
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Breakout Altcoins To Add To Your Portfolio Before The Altcoin Season - The Crypto Basic
Whales in the crypto space are gearing up for altcoin season – Cointribune EN
Wed 29 May 2024 3 min of reading by Fenelon L.
Major investors in the crypto sector appear to be positioning themselves for an upcoming altcoin bull season, according to the latest blockchain data. This accumulation could herald massive gains for Bitcoins alternative coins in the coming months.
Blockchain analysts have identified several indicators suggesting interest. According to blockchain data analyst Santiment, the largest Bitcoin wallets have significantly reduced their positions in recent months. Whale wallets holding between 1,000 and 10,000 BTC have substantially decreased their holdings.
At the same time, transactions over $100,000 in Bitcoin have dropped significantly, indicating that major investors are temporarily turning away from the crypto queen.
Conversely, Ethereum whales have massively accumulated in recent months. Wallets holding over 10,000 ETH have added nearly 22 million ethers to their reserves over the past 14 months.
A similar trend is observed in XRP, where large wallets holding over 10 million units have amassed an additional 3.17 billion XRP over the past year and a half.
These massive flows from institutional investors seem to indicate an imminent trend change. After months of Bitcoins overwhelming dominance, the altcoin season appears to be on the verge of restarting.
From a technical standpoint, the BTC dominance over the rest of the crypto market has just broken a long-term upward trend. This is typically a signal heralding a rotation to altcoins.
The ETH/BTC pair is also testing the resistance of a multi-year downward channel, suggesting an imminent rally for Ethereum against Bitcoin.
With the recent approval of the first spot ETFs on Ether in Hong Kong and the United States, many investors are positioning themselves on Ethereums jewel for the coming months.
In summary, all signals are green for a powerful rally in altcoins in the near future, after massive accumulation by major sector investors in recent months.
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Passionn par le Bitcoin, j'aime explorer les mandres de la blockchain et des cryptos et je partage mes dcouvertes avec la communaut. Mon rve est de vivre dans un monde o la vie prive et la libert financire sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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Whales in the crypto space are gearing up for altcoin season - Cointribune EN
FLOKI vs GROK; Which Altcoin Should You Buy in June July – CoinGape
As the global crypto market faces volatility todasy, investors are monitoring Ethereum meme coins such as Floki Inu (FLOKI) and Grok (GROK), which are gaining attention for their recent performance and unique proposition. With Bitcoin and Ethereum testing their resistance levels again, and the crypto community buzzing about the Ethereum ETF approval, now could be the ideal moment to explore these captivating altcoins. Lets examine what sets FLOKI and GROK apart and determine which could be a better buy in the months ahead.
Currently trading at $0.0002945, Floki Inu token boasts a market capitalization of $2.82 billion, and 24-hour trading volume of $1.2 billion. FLOKI has been recordings consistent bullish trend both in the short-term and long-term, with an increase of 13.48%, 40.06%, and 67.03%, over the past day, week and month respectively.
On the other hand, GROK experienced a growth in its value by 13.48%, 40.06%, and 67.03%, in the past 24-hours, week and month respectively. The token records a market capitalization of $112.6 million, and $34.6 million in trading volume over the past day.
Having emerged from the Shiba Inu (SHIB) community, Floki Inu token is a meme coin inspired by Elon Musks Shiba Inu. Besides being a memecoin, the FLOKI offers utility to users through its ecosystem.
This includes an merchandise and NFT Marketplace (FlokiPlaces), an NFT gaming verse (Valhalla), an education and content platform (University of Floki), and various decentralized finance products.
The technical indicators of FLOKI Inu indicate a bullish outlook. Both short-term and long-term moving averages, as well as EMAs and SMAs indicate a Buy, steadily demonstrating a strong bullish momentum.
However, RSI at 78.54 means the token is approaching overbought territory, and there could be potential for short-term corrections. Additionally, MACD level indicates a buy, backing the bullish trend.
Should FLOKI price drop, it will find key support levels at $0.0000962 and $0.0001723. On the flip side, should the price increase, the token will face resistance levels at $0.0002324 and $0.0003085,. These levels suggest potential for further growth, as well as areas of caution should there be a retrace.
GROK, launched on the Ethereum blockchain, represents a fusion of AI and crypto. Inspired by Elon Musks AI startup, xAI, GROK aims to transcend the typical meme token label by embodying Musks ingenuity and vision for free speech and human rights.
The technical analysis for GROK also indicates bullish trends. Similar to FLOKI, all key EMAs and SMAs signal a Buy, reinforcing strong positive momentum. RSI at 69.38 shows that GROK is less overbought than FLOKI, indicating more room for upward movement. Additionally, MACD level confirms a Buy signal. GROKs support levels are at $0.006249 and $0.011680 should price drop, and resistance levels at $0.016934 and $0.022365, in case the price increases.
Floki Inu has announced a closed beta mainnet launch of its trading bot across Ethereum, Coinbases Base, and Binances BNB. This move aims to provide a seamless trading experience and involves using FLOKI as the bots utility token, with half of the fees used to burn the meme coin, potentially reducing supply and increasing value.
GROK, on the other hand, benefits from its association with Musks xAI, which recently raised $6 billion in a series B funding round. xAIs focus on developing advanced AI systems could provide GROK with a unique edge in the meme token space, blending the allure of AI advancements with the appeal of cryptocurrency.
Choosing between FLOKI and GROK involves considering both their technical indicators and their underlying projects. FLOKI offers a diversified ecosystem with tangible utility through gaming, DeFi, NFTs, and education.
Its recent beta launch of a crypto trading bot could enhance its usability and value.
On the other hand GROK stands out as a meme token with a unique AI twist, supported by Musks vision and significant funding for xAI. Its less overbought status provides more room for growth in the near term.
FLOKI might be appealing for those looking for a well-rounded utility token with strong market momentum. Meanwhile, GROK offers potential for growth driven by innovative AI integration and its strong association with Elon Musk. As we approach June and July, both FLOKI and GROK present compelling opportunities, but your choice will depend on whether you prioritize immediate utility or innovative future potential.
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FLOKI vs GROK; Which Altcoin Should You Buy in June July - CoinGape
Here Are 7 High-Risk, High-Reward Altcoins To Buy This Week – The Crypto Basic
Prominent analyst Joe Parys has identified seven altcoins that he considers to be high-risk yet potentially lucrative investments, predicting that they are about to explode.
First, Parys referenced statistics from CoinGecko revealing how certain altcoin narratives generated returns exceeding 1,310% for investors during the first quarter of 2024.
Likewise, he highlighted the current dynamics where tokens like PEPE have recently achieved a new all-time high (ATH). Parys acknowledged the high volatility in the market but emphasized that this volatility presents opportunities for astute investors.
Accordingly, Parys went on to suggest that the real surge in altcoins has yet to occur. He anticipates Bitcoins dominance diminishing in the following months, opening the way for the much-awaited altcoin season.
In light of this, he outlined seven high-risk, high-reward altcoins that investors might consider purchasing to strategically position themselves for the forthcoming explosive growth period in the altcoin market.
Topping the list is CARV, which aims to create the most extensive modular data layer for gaming and AI. Although still in its infancy with an upcoming sale this month, CARV has secured support from notable investors such as HashKey, Consensys Ventures, and Tribe Capital.
Another of Parys selections is OrangeDX (O4DX), hailed as the first-generation Bitcoin DeFi Hub. Its a Bitcoin protocol platform for trading, bridging, launching, earning, borrowing, and lending.
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The third recommendation from Parys is the Elixir project, which targets the gaming industry. Elixir boasts of enabling the internet of order book liquidity and is supported by a robust network of over 10,000 validators.
While its token has not yet been launched, Parys is confident that new, high-risk ventures like Elixir are worth considering for investment.
Among other high-risk projects recommended by the analyst is the meme-based project Foxy. Per the disclosure, Foxy merited the list given that meme coins were a dominant force in the first quarter of 2024, with the top ten meme coins averaging a return of 1,313%.
Essentially, Parys selected the Foxy meme coin for its compelling narrative that could potentially lead to explosive growth.
The fifth project to make Parys list is the BRETT meme coin, which has recently captured media attention by reaching an all-time high. Currently trading at $0.09201, BRETT has seen a surge of over 55% in the past week and a 174% increase over the past month.
Furthermore, Parys has spotlighted Lingo, an emerging project on the Solana and Base blockchains. The project concentrates on real-world assets (RWA)-powered rewards tokens.
Recently, Lingo made waves by initiating an airdrop as a reward for its community members. This followed a successful campaign that saw over 2 million tweets from 150,000 participants for its newly launched Lingo Island.
The final high-risk project mentioned by the analyst is Gummy, a venture operating on the Solana blockchain. Gummy is currently attracting attention by offering rewards to users who stake their tokens.
Notably, Joe Parys stressed throughout the video that the tokens he recommended are projects he is personally investing in. Accordingly, he has urged viewers to conduct independent research before engaging with the projects.
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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Crypto Expert Says Market Has Begun A Macro Bullish Expansion What This Means For Bitcoin And Altcoin Prices – TradingView
Crypto analyst TechDev has offered a bullish narrative for the crypto market. He recently hinted that a parabolic move is imminent for Bitcoin and altcoins, following his statement that the market has entered an important phase in this bull cycle.
Crypto Market Has Began Macro Bullish Expansion
TechDev mentioned in an X (formerly Twitter) post that the entire crypto market has just begun its first macro bullish expansion in three and a half years. The analyst shared a bi-monthly chart of the total crypto market cap, which showed that the market was currently at a similar stage to 2020, just before the 2021 bull market came into full force and crypto tokens began to enjoy a significant upward trend.
From the chart he shared, one could also deduce that Tech Dev was hinting that the crypto tokens had completely undergone a healthy consolidation phase and were well primed for this parabolic move to the upside. That is why the crypto analyst made reference to the macro bullish expansion, with these coins ready to break out from the range at which they have been trading for some time now.
Crypto analyst Mikybull Crypto also seemed to agree with TechDevs analysis. He shared a Bitcoin chart that showed that the flagship crypto was ready for its next leg up, which would send it to almost $90,000.
Meanwhile, in an earlier X post, TechDev mentioned that Bitcoin and altcoins were poised to rip through the charts. He highlighted on the chart he shared that Bitcoin is about to have a God candle that would send it past its current all-time high (ATH) of $73,000. Altcoins were also at a stage where they would significantly move to the upside.
TechDev had also previously suggested that Bitcoin was currently mirroring its price action from 2021, when the flagship crypto experienced a 1,200% price surge as it rose to $20,000. This raised the possibility of Bitcoin enjoying such a parabolic move again, which could send its price to almost $1 million.
Bitcoin Is Still Consolidating For Now
While TechDev suggested that a parabolic move for Bitcoin and altcoins is imminent, crypto analyst Rekt Capital has provided a different insight. He claimed that Bitcoin is showing signs that its recent rebound has fed into the formation of another local top, suggesting that this recent move wasnt a continuation of the bull run just yet.
The crypto analyst added that history suggests that Bitcoin will likely continue to consolidate between $60,000 and $70,000 in the meantime. Crypto analyst Michal van de Poppe also shared a similar sentiment as he noted that no breakout is happening yet for Bitcoin since the $70,000 resistance level was rejected. He added that he will like to see Bitcoin hold above $66,000 as that will confirm that everything is fine.
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Crypto Expert Says Market Has Begun A Macro Bullish Expansion What This Means For Bitcoin And Altcoin Prices - TradingView
Pepecoin Hits Huge Milestone, Experts Believe This New Altcoin Will Do The Same After New Bitmart Listing – NewsBTC
The cryptocurrency market is abuzz with the latest developments surrounding Pepecoin (PEPE), which has recently hit a significant milestone. As Pepecoin (PEPE) continues to gain traction, experts are turning their attention to another promising altcoin: Option2Trade (O2T). Following its recent listing on Bitmart, Option2Trade (O2T) is poised to replicate the success of Pepecoin (PEPE), offering investors a new avenue for substantial gains. This article explores the achievements of Pepecoin (PEPE), the potential of Option2Trade (O2T), and why experts are optimistic about its future.
Pepecoin (PEPE) has made headlines with its recent milestone, reflecting its growing popularity and market acceptance. This altcoin, known for its meme-inspired origins and strong community support, has seen impressive growth, making it a notable player in the crypto space.
The success of Pepecoin (PEPE) can be attributed to its robust community. The active participation and enthusiasm of its supporters have driven its adoption and trading volume, helping it achieve significant milestones. This community-driven approach has created a loyal user base that continues to bolster Pepecoin (PEPE)s market presence.
Strategic developments and partnerships have also played a crucial role in Pepecoin (PEPE)s rise. By forming alliances with key players in the crypto industry, Pepecoin (PEPE) has expanded its reach and utility, attracting more investors and users. These strategic moves have positioned Pepecoin (PEPE) as a promising altcoin with a bright future.
As Pepecoin (PEPE) celebrates its milestone, experts are turning their attention to Option2Trade (O2T), a new altcoin with significant potential. The recent listing of Option2Trade (O2T) on Bitmart has sparked excitement among investors, who believe it could follow in Pepecoin (PEPE)s footsteps.
Option2Trade (O2T) stands out in the crypto market with its advanced AI-driven trading solutions. The platform uses sophisticated algorithms to provide predictive analytics and optimized trading strategies, giving traders a competitive edge. This innovative approach makes Option2Trade (O2T) an attractive option for investors looking for cutting-edge technology in their portfolios.
The Bitmart listing has had an immediate impact on Option2Trade (O2T), boosting its visibility and liquidity. Bitmart is known for its secure and user-friendly trading environment, making it an ideal platform for new tokens. The listing has already driven significant interest and trading volume, indicating strong market demand for Option2Trade (O2T).
Experts are optimistic about the future of Option2Trade (O2T), predicting that it could achieve milestones similar to Pepecoin (PEPE). Several factors contribute to this positive outlook, including the tokens innovative features, strategic market positioning, and strong community support.
The advanced AI technology of Option2Trade (O2T) is a key factor in its potential for success. By offering traders powerful tools to enhance their trading strategies, Option2Trade (O2T) provides a unique value proposition that sets it apart from other altcoins. This innovation is likely to attract a diverse group of investors, driving demand and growth.
The strategic listing on Bitmart has positioned Option2Trade (O2T) for rapid adoption and expansion. Bitmarts reputation and extensive user base provide a solid foundation for Option2Trade (O2T) to grow and thrive. This strategic move is expected to enhance the tokens market presence and credibility, further boosting its prospects.
Like Pepecoin (PEPE), Option2Trade (O2T) benefits from strong community support. The active engagement of its supporters plays a crucial role in driving its adoption and success. As the community continues to grow, it will provide a solid base of loyal users who can help propel Option2Trade (O2T) to new heights.
Pepecoin (PEPE)s recent milestone has set a high bar for new altcoins in the cryptocurrency market. As experts look for the next big opportunity, Option2Trade (O2T) stands out with its advanced AI-driven trading solutions and strategic Bitmart listing. With innovative features, strong community support, and strategic market positioning, Option2Trade (O2T) is well-positioned to replicate the success of Pepecoin (PEPE). Investors looking to diversify their portfolios with high-potential altcoins should keep a close eye on Option2Trade (O2T) as it embarks on its journey in the dynamic world of cryptocurrency.
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Altcoins With a 10000% Potential Can Benefit From Altcoin Season – InvestorPlace
The leader in cryptocurrency capitalization, Bitcoin (BTC-USD), has thousands of alternatives in tokens with lower trading volumes and greater growth prospects. These coins have hundreds of times less market dominance but, if used correctly, can turn an ordinary trader into a multimillionaire.
Altcoins experienced a drop of about 70% compared to bitcoin between March and May 2024. The prolonged downturn in the market coincided with the low performance of digital assets led by Ethereum (ETH-USD). This coin may push the prices of other altcoins up ahead of the possible approval of a spot ETH ETF in the coming days. The Securities and Exchange Commission (SEC) has not yet decided. However, news after May 24 may wake the market from its three-month sleep.
Buying altcoins with a 10000% potential is a choice for the brave and confident because such gains can be possible if investing during the market correction. However, the result can meet the highest expectations, as such an investment will be similar to buying BTC in early 2020.
Source: DUSAN ZIDAR / Shutterstock.com
The heavyweight of the modern crypto industry, Ethereum (ETH-USD), has its drawbacks. It scales through isolated runtime environments (rollups), leading to growing ecosystem fragmentation. The Omni Network (OMNI-USD) connects disparate rollups to ensure that the blockchain structure remains intact and operations are uninterrupted. Before this innovative solution, the dispersion of developers led to economic losses and the inability to create applications that would go beyond one roll-up. The project tries to develop in several directions while engaging in multiple initiatives. These are EigenLayer, Sushi, Injective Protocol, Arbitrum, Flow, Optimism and Mantle.
OMNIs release coincided with a period of correction in the market, which caused its price to decline for almost two months. After the listing, investors began an active sell-off, negatively affecting the token. However, this series of events, coupled with the tokens youth, led it to the list of altcoins with a 10000% potential. The drop from $54.24 to $14 created a springboard for the coin, which still holds 89.4% of all tokens frozen. Once the overall market downturn is over, the impact of the listing on Coinbase, KuCoin, Binance and Crypto.com will be fully realized. Strategic measures, such as the tokens participation in the Genesis staking program, are gradually reducing the number of OMNI in circulation, ultimately leading to a multiple increase in the coins exchange rate.
Source: Maxx-Studio / Shutterstock.com
Core (CORE-USD) is a synonym for innovation because it did not choose the standard consensus method but came to use Satoshi Plus. It combines proof of work (PoW) and delegated proof of stake (DPoS) to achieve security for the Bitcoin (BTC-USD) network and maintain the systems democratic and scalable nature. The project recently developed the Bitcoin-to-EVM HTLC atomic exchange protocol and simplified inter-chain exchanges between the Core network and Bitcoin.
More than $20 million worth of bitcoins are placed on the platform, as it provides staking services for this token. However, the connection with the leading cryptocurrency is not the only partnership of the project. Cooperation with Alchemy Pay has brought seamless fiat-to-crypto and crypto-to-fiat transactions to the Core ecosystem. Fifty fiat currencies and 300 payment methods mean easier entry for new users and spreading the projects fame. Joint work with Full Force has led to the creation of the Community Incubation Launchpad on Core Chain. Launching new blockchain projects has become easier and faster, precisely what crypto startups need in a time of active market growth.
This token can also be considered one of the altcoins with a 10000% potential based on its trading performance. It has been 15 months since it appeared on exchanges and has already shown jumps from $0.34 to $6.47. The jump to a local high of $3.77 replaced a plateau period from mid-2023 to March 2024. The 4-fold increase in price then occurred in less than a week. Like most cryptocurrencies, CORE is currently being corrected, but its high technology, usefulness and modernity can raise it to price peaks at any time.
Source: shutterstock.com/Maurice NORBERT
As the name suggests, Fetch.ai (FET-USD) has embarked on the path of artificial intelligence development and uses it in the interests of the decentralized digital economy. Since 2017, the project has been creating decentralized, open-access machine learning networks and has managed to attract such corporate giants as Bosch, Deutsche Telekom and Festo to its developments. Integrating AI into real-world problem-solving relies on blockchain to make applications and services more reliable and secure.
Integration with Chainlink (LINK-USD) has opened new horizons for the project, and Fetch.ai has gained access to accurate data from thousands of sources. Fetchs AI agents use Chainlinks network of oracles to expand the capabilities of decentralized finance (DeFi), supply chain management and other areas.
The coin has joined the ranks of other altcoins with a 10000% potential thanks to the successful merger of blockchain and artificial intelligence, reflected in the projects market performance. Due to its focus on AI, FET embraced bullish sentiment earlier than most tokens and showed steady growth as early as February 2024. After reaching the ATH ($3.47) in March, the coin dropped to the $1.8-$2.7. Well-known traders and analysts such as Captain Faibik and @rektcapital predict that FET will rise in May and cross the previous maximum price line.
On the date of publication, Julia Magas did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.
Julia Magas is a writer who covers the latest trends in finance and technology. Her work is published in a number of financial media outlets such as Nasdaq, Cointelegraph, Investing, SeekingAlpha, FXEmpire, and Beincrypto. She primarily covers cryptocurrency and blockchain technology with a focus on market performance, innovations and trends.
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Altcoins With a 10000% Potential Can Benefit From Altcoin Season - InvestorPlace
Bitcoin is Breaking the Rising Wedge – Altcoin Season Is Already Here! Best Altcoin Picks – Crypto Reporter
Bitcoins recent pattern shift signals a potentially significant market movement, stirring attention among cryptocurrency enthusiasts. As certain cryptocurrencies begin to outshine the pioneer, investors and traders are keenly focused on identifying the winners in this evolving scenario. The search for robust alternative coins is becoming more intense, given the bullish signs for 2024. This analysis delves into the current dynamics and offers insights on top contenders poised to capitalize on the latest trend.
Presale tokens are immune to markets wild swings with their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP.
BlastUP is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins. In just a few weeks of its presale, this platform has raised over $6 million which speaks much for its wide recognition among savvy investors.
The presale of BlastUP tokens is underway, offering a decent chance to invest in a promising asset at a low price.
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Those who buy BlastUP tokens at this stage gain exclusive access to an Airdrop distributing a portion of free tokens. Besides, they can get extra rewards through staking.
BlastUP is committed to fostering a robust community with the Blast ecosystem where everyone benefits from mutual growth. With ambitious plans to combine AI and Web3 tools, BlastUP aims to create a truly rewarding and safe environment for smooth DApps launches.
BlastUP is on the rise, fueling crypto startups with a community-first vibe and innovation at its heart. It is quickly becoming the go-to hub in the Blast ecosystem, with big plans through 2026.
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Despite recent market ups and downs, NEAR Protocol has shown a notable ability to recover and retain value. Its price movements indicate a growing confidence among investors, as the asset has bounced back impressively from lower values. The underlying strength of NEAR can be linked to its solid technology and appealing features such as scalability and developer-friendly environment, which continue to attract attention. As sentiment remains cautiously optimistic, NEARs robust ecosystem suggests potential for sustained growth and stability in the evolving crypto landscape.
The market sentiment for Render seems stable with a positive inclination. Though its price has been wavering recently, it is exhibiting a gradual upswing. The token found steady ground above its lower price levels, suggesting confidence from its holders. Renders underlying strengths lie in its blockchain-based rendering services, appealing to content creators and developers. A steady market sentiment toward RNDR can result in higher trust and potentially more investment in the token.
Solanas market sentiment seems cautious with the current price showing fluctuation within a defined range. It appears to have faced difficulty rising past a particular higher price level, while also not dropping below a certain lower price mark. The average price trends over shorter and longer periods indicate that Solana has been trading closer to the higher end of its recent range. The technical indicators suggest that Solanas price might be in a period of lesser momentum, with possible uncertainty among traders. Given Solanas capabilities for fast and low-cost transactions, any shift in trader sentiment could significantly impact its price, either positively or negatively.
Polkadot is seeing a tug of war with the price hovering in a moderately wide range, faced with some push and pull as it inches closer to an established upper threshold. There is a noticeable cushion at a lower level which could prop up the price in case of a dip. Recent stability suggests a mild positive vibe yet cautiousness is evident with an absence of strong momentum. Given Polkadots robust underlying technology, which enables different blockchains to interact, these market movements may attract attention from investors who value both technical resilience and market trends.
Bitcoins recent trend suggests an uptick in interest for alternative coins. Among these, NEAR, RNDR, SOL, and DOT are often discussed. However, in the short-term, their growth potential appears to be limited. On the other hand, BlastUP stands out with significant growth potential. The interest in BlastUP is primarily driven by its innovative concept and its integration into the broader Blast ecosystem. This positions BlastUP as a noteworthy project for those looking to capitalize on upcoming market trends.
Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io
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.
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Bitcoin is Breaking the Rising Wedge - Altcoin Season Is Already Here! Best Altcoin Picks - Crypto Reporter