The cryptocurrency market, renowned for its volatility and high-stakes nature, has always held a particular fascination with altcoins. These assets, emerging in the shadow of Bitcoin [BTC], have offered the allure of massive returns. Bitcoin, for instance, has seen a slight drop and was trading at $65,700. However, recent market trends indicate that the era of extraordinary altcoin gains might be drawing to a close.

Altcoins are increasingly perceived as high-risk investments with declining chances for significant returns. Markus Thielen, head of research at 10xResearch, captures a widespread view among crypto analysts. He said,

While tactical opportunities exist, the era of 100x returns may well be behind us.

This skepticism about the current dynamics of the altcoin market is widely shared within the community. Thielen points out that the expected altcoin bull market has not significantly materialized. The lack of substantial retail engagement and the scarcity of innovative new projects have reduced the enthusiasm that once drove altcoin investments. He further notes,

retail participation remains subdued, and few new projects have emerged that captivate non-crypto-native traders.

In the past, altcoin bull markets were driven by compelling narratives and substantial capital inflows. These thrive on the promise of blockchain technology revolutionizing traditional financial systems. However, Thielen observes that the current cycle lacks these strong narratives. Tight capital conditions are evident in the low total value locked in decentralized finance [DeFi] projects.

Also Read: Cryptocurrency: 3 Coins To Capitalize Right Now For Solid Gains

Michael van de Poppe, a prominent analyst adds to the cautious outlook by highlighting the risks of holding a portfolio heavily weighted towards altcoins. In a recent X post, the analyst shared his personal experience of significant losses. He added,

Whats the downside of this bet? Its relatively huge. At the moment of posting, Im down around 20% already in a matter of 1-2 weeks on the overall investment.

Ive sold all my #Bitcoin

Yes, I did. I didnt lose my faith in Bitcoin, Im not expecting Bitcoin to be topped out for this cycle. Ive not become a complete believer in Gold.

Ive sold all my Bitcoin.

In this longread Ill explain why Ive done this and what Ive done with

The altcoin market is navigating a challenging phase where high-risk bets are becoming less attractive due to the absence of compelling narratives and significant capital inflows.

Also Read: Surging Beyond WIF, SHIB,& XRP, This Coin Dominates 24 Hour Trading!

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Big Altcoin Returns a Thing of the Past? Analysts Weigh In - Watcher Guru

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Ripple, known for its XRP token, is back in the headlines, but this time, its about their upcoming stablecoin launch.

Yep, you heard right. Ripples planning to drop its own stablecoin later this year, but it looks like theyve caught the watchful eye of the SEC.

Brad Garlinghouse, Ripples CEO, isnt shy about calling out what he sees as the U.S. governments overreach, especially concerning Tether, the giant in the stablecoin space. Garlinghouse hinted at potential U.S. actions against Tether as something to keep an eye on.

Hes worried this could be the next big shake-up in crypto, kinda like the FTX collapse talk about a plot twist!

With the SEC branded as a bully by Garlinghouse for targeting what he perceives as weaker entities, Ripples upcoming stablecoin might face a tough road ahead. This scrutiny comes amid broader regulatory concerns, especially with Tethers history of fines and the U.S. Treasury eyeing stablecoins for bypassing sanctions.

Switching gears to Bitcoin the granddaddy of crypto. After hitting a billion transactions (huge, right?), Bitcoin is navigating some interesting waters this May. The price has been a roller coaster, with dips and rebounds that have everyone guessing.

The buzz is that despite regulatory shadows and market jitters, Bitcoin might just be gearing up for a rebound. Why? Well, its showing resilience against a backdrop of regulatory fears and market withdrawals, especially from crypto investment products like ETFs.

This resilience could signal a potential rise, making it a prime time for investors to HODL and possibly reap the rewards of a market uptick.

Now, let me introduce you to the new kid on the block, Borroe Finance. After a killer presale that snagged over $4.5 million, Borroe Finance is the name on every crypto enthusiasts lips. With the $ROE token set to launch at a sweet $0.025, were talking about a potential surge that could redefine the altcoin market.

So, what makes Borroe Finance stand out? This platform isnt just another altcoin; its a powerhouse that merges AI with Blockchain technology, enhanced by Oracles. This setup is shaking up the CrossFi space, bridging the gap between decentralized and traditional finance in ways weve never seen before.

As we step into May, Borroe Finance is on the brink of something monumental. Experts are eyeing the $ROE token for a massive 500% jump shortly after its launch. In a market filled with uncertainty, Borroe Finance stands as a beacon of potential and innovation.

To learn more about this project, visit the Borroe Finance presale website or join the community via Twitter | Telegram

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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SEC targets Ripple's stablecoin; What to expect from Bitcoin & this new AI altcoin in May? - crypto.news

Bitcoinaside, the cryptocurrency market could find its local bottom in June, marking the start of the next altcoin bull cycle, according to market analysts.

Based on historical chart patterns, altcoins could be set to find their local price bottom around the beginning of June, according to popular crypto analyst Rekt Capital, who wrote in a May 8 X post:

The altcoin market took a beating in the past month. The market cap of altcoins, excluding the 10 largest cryptocurrencies, fell over 21% during the previous month to $265 billion.

Despite the monthly slump, the altcoin market cap is still up over 24% year-to-date (YTD) and over 167% during the past year.

Altcoin sentiment is historically correlated with the Bitcoin (BTC)price. Altcoins could find their local bottom around June, as market sentiment and the Bitcoin price remain subdued by decreasing inflows from United States spot Bitcoin exchange-traded funds (ETFs), according to Alex Onufriychuk, blockchain adviser and coach at Qubic Labs Accelerator. He told Cointelegraph:

Related: Did XRP price just bottom against Bitcoin?

Despite seeing a potential local bottom, an altcoin bull run would first require Bitcoin price to break out to the upside, according to Aurelie Barthere, principal research analyst at Nansen, who told Cointelegraph:

BTC price has been posting lower highs since mid-March. However, many analysts argue that this is a healthy period of consolidation after the halving. Moreover, the charts hint at a multimonth bull flagtaking shape for new all-time highs later in 2024.

Since altcoin sentiment is strongly related to Bitcoin price, finding a local bottom wouldnt necessarily translate into an altcoin rally, wrote Qubic Labs Onufriychuk:

On the monthly chart, 10 out of 12 moving averages (MA) are flashing a buy signal for the top altcoins, such as Ether (ETH), which has struggled. Moving average indicators are commonly used in technical analysis to determine the average price of the underlying asset in relation to a set period.

Altcoin prices could also rise due to theM2 money supply, which turned positive year-over-year for the first time since November 2023, signaling that investors could soon start looking for hedges against inflation or alternative investments.

The M2 money supply estimates all cash and short-term bank deposits across the United States.

As the money supply in the worlds largest economy increases, part of the new supply could find its way into altcoins and memecoins, contributing to the beginning of the altszn.

Related: Bitcoin distribution danger zone over, analysts say

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.

Excerpt from:
Altcoins will bottom in early summer before bull run Analyst - Cointelegraph

Top altcoin tokens like Avalanche (AVAX), dYdX, Arbitrum (ARB) might extend losses in Q2 2024 as they head for a major $2Bn altcoin unlock heres how it could worsen the altcoin dip.

If you bought Bitcoin or Ethereum above $73,000 and $4,000, respectively, and are still holding, you must have diamond hands, as crypto fans say.

Crypto prices have been falling in recent weeks. Looking at price action, Bitcoin and Ethereum found glass ceilings at around $74,000 and $4,100 before crashing to spot rates. Besides the occasional but refreshing pullbacks, it has all been southwards for most altcoins.

(BTCUSDT)

It remains a bad start for Q2 2024 for the crypto market, but it could be worse if the upcoming unlocks hits tokenomics before capital returns to the market. According to Token Unlocks, various crypto protocols across DeFi and RWAs will unlock tokens worth billions in the next two months.

You may be wondering what the heck is going on here. Let me fill you in.

Depending on the token release model a project adopts from the start, it may choose to release all tokens from the beginning or opt to release them in bits. If it opts to release tokens later, project leaders must unlock them, distributing them to investors, the team, and other interested parties.

Bitcoin releases BTC whenever a block is mined. Litecoin, Monero, and most proof-of-work blockchains use this system. Other platforms, like Arbitrum, a layer 2 platform for Ethereum that conducted presales, opt for a different route.

They chose not to release all tokens during ARBs initial listed. The remainder will be vested and released over time.

The decision to undertake an altcoin unlock at a later date is strategic. In some cases, releasing all tokens immediately after a presale might lead to a crash. To prevent this, there must be a wait period, with the unlocking date ending this wait time.

In Q2 2024, the main concern is that roughly $2Bn worth of tokens will hit the secondary market through unlocking.

Therefore, it is highly probable that some recipients (not all) will be quick to dump, increasing supply on exchanges and lowering prices.

Subsequently, this will significantly dampen any hopes of a swift recovery, with the added challenge of hodling altcoins during this corrective phase.

DISCOVER: Best DeFi Loan Sites to Collateralize Your Crypto Pre-Unlock

Token Unlocks data show that several projects will release different amounts to the secondary markets next week.

Aptos (APT), dYdX (DYDX), Pendle (PENDLE), Avalanche (AVAX), Arbitrum (ARB), and others will be on the front line. However, analysts are examining the amount released. Usually, the more, the stronger the potential liquidation force.

Data shows that Avalanche plans to release $337 million worth of AVAX. The blockchain willreleaseover 9.5 million AVAX, translating to roughly 2.5% of the total supply in 12 days.

At the same time, Aptos and Arbitrum will release $97m and $95m of APT and ARB onto the market, respectively.

Specifically, 92.65 million ARB (or 3.49% of the total supply)willhit the market in a week.

(Token Unlocks)

Though millions of tokens will be released, whether receivers will sell is not immediately clear. In the past, following token releases, some addresses quickly moved tokens to exchanges.

Even so, falling crypto prices might force weak hands to cash in. Analysts say the repayment of victims from Mt. Gox, one of the first crypto exchanges hacked for hundreds of millions of dollars in 2014, and Geminis Earn program might see BTC prices contract.

EXPLORE: Australia Intensifies Scrutiny On Crypto Exchanges, Demands Data From 1.2 Million Accounts

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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Altcoin Unlock Bloodbath Looming? Avalanche, dYdX, and Arbitrum Among Protocols Unlocking Over $2 Billion In Q2 ... - 99Bitcoins

Crypto investors are always on the hunt for the next altcoin with massive growth potential.

But with thousands of coins launched every year, it can be tough to separate the good from the bad.

In this article, well discuss 5 of the most promising altcoins that have hit the market in 2024, touching on why they could be set to soar in the coming months.

The first new altcoin that investors may wish to consider is Dogeverse (DOGEVERSE), which is making waves by bringing meme culture to multiple blockchains.

Launched on six chains, including Ethereum and Solana, the DOGEVERSE token can travel between these networks using bridging technology.

The projects mascot, Cosmo the chain-hopping Doge, symbolizes this use case.

Dogeverse has raised over $13 million in its presale so far and is offering a lucrative staking program for early investors.

Investors can earn passive rewards in DOGEVERSE over a two-year period at a rate of 70% per year.

This staking protocol, combined with Dogeverses multi-chain approach, has helped catapult the project into the public eye.

If Dogeverses team can sustain this level of momentum until the token is listed on a DEX in the coming weeks, then it could be considered one of the hottest altcoins to watch in 2024.

Visit Dogeverse Presale

Next up is WienerAI (WAI), which is looking to shake up the meme coin space with advanced AI tech.

Despite its hilarious name and sausage dog mascot, this project has some serious utility.

WienerAI offers predictive AI capabilities through a user-friendly bot that helps traders analyze the market for opportunities.

But it gets better WienerAI also offers seamless, zero-fee token swaps across DEXs with added MEV protection.

In addition to these AI trading features, theres a staking protocol where stakers can earn massive 692% APY rewards paid out in WAI tokens.

With 20% of the total WAI supply allocated to these staking rewards, it could help elevate it above the usual short-lived meme coin hype.

WienerAIs presale has raised over $1.3 million in its first week of going live and investors can still buy WAI tokens at the low price of $0.000705.

Visit WienerAI Presale

The team behind 99Bitcoins, one of the internets top crypto learning resources, is leveling up with their new 99Bitcoins Token (99BTC).

This Learn-to-Earn token rewards users for progressing through interactive crypto courses and participating in the community.

As users study topics like Bitcoin, DeFi, and more, they can earn 99BTC tokens directly to their crypto wallet.

Additionally, 99BTC will soon transition to the new BRC-20 token standard.

This standard is used to build on the Bitcoin network so by adopting it, 99BTC is making a bid to stand out in the crypto education space.

99BTC holders can even access premium content, VIP trading groups, and crypto signals.

With over $1.1 million raised so far in its presale, 99BitcoinsToken could be another new altcoin primed for a successful 2024.

Visit 99Bitcoins Token Presale

As a fresh face in the DeFi sector, Mode (MODE) is turning heads with its Layer 3 concept.

Built on the Optimism network, Mode introduces customizable, low-cost rollup chains designed for high throughput.

The project essentially aims to empower developers and users through unique incentive structures.

MODE acts as the heartbeat of the network and is used to facilitate governance, pay fees, and transfer value.

The token has been in the news recently following a massive airdrop campaign designed to raise awareness.

Now that MODE is available on several CEXs and attracting millions of dollars in spot trading volume, its shaping up to be a serious contender in the DeFi space.

Rounding off our list of new altcoins to buy for big gains is Panda Swap (PANDA).

This platform is positioning itself as the Solana blockchains premier DEX and swap service.

Panda Swap introduces valuable swap mechanics like dynamic routing across pools, super-fast transactions, and stop-loss orders.

However, Panda Swap goes beyond just swapping it also tackles liquidity issues head-on with token taxes.

At the time of writing, the native PANDA token is trading for just $0.0105, yet it has surged 11% in the past 24 hours.

If PANDA can maintain this momentum, it could be another under-the-radar altcoin to keep an eye on.

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5 New Altcoins to Buy for Big Gains in 2024 - Watcher Guru