Category Archives: Altcoin
Veteran Analyst Who Called Solana’s Rebound Says DeFi 2.0 Altcoin Launching on May 21 2024 is ‘the Next SOL … – Cryptonews
Solanas recent price surge has intrigued the cryptocurrency market, with traders and analysts closely monitoring its movements. Veteran analyst Crypto Tonys astute observations and predictions have shed light on Solanas impressive rebound, offering valuable insights into its trajectory and signalling a bullish outlook for the digital asset.However, amidst the buzz surrounding Solanas resurgence, another groundbreaking development is on the horizon: the launch of a DeFi 2.0 altcoin, Retik Finance (RETIK), on 21st May 2024, set to make waves in the market and is termed the Next SOL according to Crypto Tony.
Veteran analyst Crypto Tonys insightful analysis revealed Solanas notable rebound against the US dollar, showcasing gains of 5.23% and 14.18% in the last 24 hours and seven days, respectively. This upward movement propelled Solanas price to $154.09, marking a significant recovery from previous lows. Delving deeper into Solanas price trends, Crypto Tonys analysis highlighted an overarching uptrend spanning from early 2023 to early 2024. During this period, Solana (SOL) exhibited a consistent pattern of green candlesticks, indicative of sustained price increases. These trends underscored Solanas resilience and potential for further growth in the crypto market.
Retik Finance (RETIK) emerged as a pioneering force in the realm of decentralized finance (DeFi), poised to revolutionize the global financial landscape. With a presale event generating a staggering $32,050,000 in funding, Retik Finance (RETIK) has garnered substantial interest from investors, reflecting the markets confidence in its vision and potential. Retik Finance (RETIK) experienced remarkable growth from $0.030 to $0.12 within a short period, underscoring its rapid ascent in the crypto space. As it gears up for its official launch on May 21, 2024, Retik Finance (RETIK) aims to bridge the gap between cryptocurrencies and traditional fiat applications, offering a comprehensive ecosystem designed to empower individuals and businesses worldwide. This launch heralds the advent of DeFi 2.0, signalling a new era of innovation and accessibility in decentralized finance.
Crypto Tonys bold prediction positions Retik Finance (RETIK) as the Next SOL in the crypto market, forecasting a monumental 1000% jump in its price by June. This ambitious projection underscores the analysts confidence in Retik Finances disruptive potential and transformative impact on decentralized finance. With its upcoming launch on May 21, 2024, across various exchanges, Retik Finance (RETIK) is poised to capture the attention of investors seeking high-growth opportunities in the crypto space. By leveraging its innovative features and visionary leadership, Retik Finance (RETIK) aims to emulate Solanas remarkable performance and emerge as a top performer in the market. As anticipation builds around Retik Finances market debut, investors are eager to capitalize on its projected growth trajectory and position themselves for lucrative returns in the coming months.
Retik Finance (RETIK) introduces many utility features designed to enhance user experience and drive adoption within the ecosystem. Through the Retik Wallet, DeFi Debit Cards, and Retik Pay, users can access a seamless fusion of digital and traditional finance, facilitating effortless transactions, earnings, and spending of cryptocurrencies. The $RETIK token serves as the backbone of the ecosystem, promoting financial autonomy, governance, and user engagement while driving value and utility across the platform. With its emphasis on security, accessibility, and privacy, Retik Finance addresses the limitations of traditional banking systems, offering users a decentralized alternative that empowers financial freedom and facilitates cross-border transactions. As users explore the myriad functionalities of Retik Finance (RETIK), they unlock new opportunities for growth and participation within the evolving landscape of decentralized finance.
Retik Finances imminent entry into the crypto market symbolizes a paradigm shift in the future of global finance, marked by innovation, inclusivity, and transparency. Retik Finance aims to democratize access to financial services and foster a more equitable financial ecosystem by addressing the shortcomings of traditional banking systems and embracing decentralized technologies. With its visionary leadership and commitment to driving positive change, Retik Finance (RETIK) is poised to redefine the standards of decentralized finance and pave the way for a more inclusive and efficient financial future. As investors and enthusiasts await Retik Finances market debut, the stage is set for a transformative journey towards a decentralized economy where individuals and businesses alike can thrive and prosper in a borderless financial landscape.
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Twitter: http://www.twitter.com/retikfinance
Telegram: http://www.t.me/retikfinance
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Veteran Analyst Who Called Solana's Rebound Says DeFi 2.0 Altcoin Launching on May 21 2024 is 'the Next SOL ... - Cryptonews
Crypto Bull Run Update: BTC to $100k+, Whales Accumulating & Altcoins to Bottom Soon Before Breakout – Blockonomi
The cryptocurrency market is eagerly awaiting the next altcoin bull run, and according to market analysts, the local bottom for altcoins could occur as early as June. However, for a significant altcoin rally to take place, Bitcoins price needs to break out to the upside first.
Popular crypto analyst Rekt Capital suggests that based on historical chart patterns, altcoins could find their local price bottom around the beginning of June, marking the start of the next altcoin bull cycle.
Despite a 21% drop in the altcoin market cap (excluding the top 10 cryptocurrencies) over the past month, the market is still up 24% year-to-date and an impressive 167% over the past year.
Altcoin sentiment is historically correlated with Bitcoins price, and a prolonged consolidation period may be in store due to the lack of sufficient new liquidity from Bitcoin ETFs in the U.S. and Hong Kong, according to Alex Onufriychuk, blockchain adviser and coach at Qubic Labs Accelerator.
He believes that for a significant turnaround, more fundamental changes are required, such as increased retail and institutional investment and favorable regulatory developments.
Bitcoins price action has been closely monitored, with the 200-day moving average (DMA) recently breaking above $50,000 for the first time.
This milestone is significant as the 200DMA is widely regarded as a pivotal indicator delineating bull and bear market cycles. In previous cycles, holding above the 200DMA was a bullish signal, while breaking down through it often presaged bearish momentum. Bitcoins ability to maintain prices over $50,443 could reinforce the uptrend.
Meanwhile, Bitcoin whales have intensified their accumulation despite the coins recent decline below $62,000.
According to on-chain data provider Santiment, BTC whales holding between 1,000 and 10,000 coins accumulated 15,121 BTC valued at $930 million between May 7th and 8th, pushing the cohorts total BTC holding to its highest level in 14 days.
However, bearish sentiments remain significant, with Bitcoin recently crossing below its 20-day simple moving average (SMA), putting it at risk of a further decline in the short term.
If the bears strengthen their position, they may pull the coins price down to the support line of BTCs descending channel pattern, potentially leading to a price around $57,000.
Despite the short-term volatility, venture capital firm Pantera Capital remains optimistic about the future of Bitcoins price. In a recent investor letter, the firm revealed its Bitcoin Halving rallies model, which predicts a bottoming out of the BTC price followed by a rise through the Halving rally.
Based on the average duration of previous rallies, Pantera Capital forecasts that BTCs price will peak at $117,000 in August 2025.
The firm highlights the relationship between Halving events and BTCs price, asserting that if the demand for new Bitcoin remains constant while the supply of new Bitcoin is reduced by half, it will create upward pressure on the price. The anticipation of a price increase has also historically driven increased demand for Bitcoin leading up to Halving events.
While altcoins may find their local bottom in June, a significant bull run will likely require Bitcoin to break out to the upside first. Despite short-term volatility and bearish sentiments, long-term projections for Bitcoins price remain bullish, with Pantera Capital predicting a peak of $117,000 by August 2025.
As the cryptocurrency market continues to evolve, investors and enthusiasts alike will be closely monitoring the interplay between Bitcoin and altcoins, as well as the impact of fundamental factors such as institutional investment and regulatory developments.
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Crypto Bull Run Update: BTC to $100k+, Whales Accumulating & Altcoins to Bottom Soon Before Breakout - Blockonomi
AIOZ, BNB and TON – Altcoins with Potential for New All-Time Highs in May – CCN.com
Key Takeaways
April was a bearish month for the crypto market. Bitcoin and the majority of cryptocurrencies were subject to significant declines. In the case of Bitcoin, the price reached its bottom on April 30, a 20% decrease relative to the price on April 1.
However, May started out in a positive note, leading to a significant bounce in its first week. AIOZ, BNB and TON have been some of the biggest altcoin gainers and are approaching their all-time high prices. Which will be the first to reach it?
The AIOZ price started a rapid rise in November 2023, increasing by 1,675% in less than a month. This was likely the first wave in a five-wave upward movement (white). Afterward, the decrease under a descending resistance trend line was part of the corrective wave two, which ended in February 2024.
A similar but more gradual upward movement marked the completion of wave three between February and March, followed by another correction under a different descending resistance trend line.
AIOZ is in the process of breaking out from this trend line. If history repeats, this will mark the beginning of wave five.
Elliott Wave rules state that wave three cannot be the shortest out of waves one, three and five. Since wave three is already shorter than wave one, it cannot also be shorter than wave five. As a result, the upward trend can continue to a maximum of $5.44. A more likely level is at either $3.43 or $3.58, giving wave five 0.382/0.618 times the length of wave three.
Since the AIOZ all-time high is at $1.20, both these targets would lead to new highs.
Despite the bullish AIOZ price prediction, a close below the resistance trend line will invalidate the breakout. This will indicate the wave four correction is still ongoing.
Similarly to AIOZ, the BNB price has likely begun the fifth and final wave of its increase. However, unlike AIOZ, wave three has been the longest and sharpest for BNB. In contrast, wave one was much more gradual and followed by a long correction.
Since the end of wave three in March, BNB has traded inside a symmetrical triangle, which is the most common pattern for wave four. The price is approaching the triangles endpoint, so a decisive movement outside of it is likely in the near future.
If wave five has the same length as wave one, the BNB price will reach its top at $756. This would be an increase of 30%, well above the all-time high of $669. Conversely, breaking down from the triangle will mean that the wave four correction is still ongoing. In that case, BNB could fall to the next closest support at $440.
Unlike the other two altcoins, TON reached its all-time high in March 2024. After an A-B-C correction (black), TON completed wave four on May 1, bouncing at the 0.382 Fibonacci retracement support level.
The price has increased since and is breaking out from a descending resistance trend line.
During the bounce, the RSI moved increased above 50 (green circle) and the MACD moved into positive territory. Both are signs associated with bullish trends.
A potential target for the top of wave five is at $9.50, created by the 1.61 external retracement of wave four.
Despite this bullish TON price prediction, falling below the resistance trend line will mean wave four is still ongoing. Then, TON could decline toward $4 before completing its correction.
To conclude, all three of AIOZ, BNB and TON are likely to reach all-time highs in May or June. Given its close proximity to its peak and the potential for rapid acceleration upon a breakout, BNB is the most likely candidate to reach its all-time high first.
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AIOZ, BNB and TON - Altcoins with Potential for New All-Time Highs in May - CCN.com
11 Best Altcoins Of May 2024 Forbes Advisor INDIA – Forbes
The definition of an altcoin has evolved since the early days of cryptocurrency when only a handful of crypto assets existed. Back then, anything but Bitcoin (BTC) was considered an altcoin.
Today the world of crypto assets is much broader. There is a wide variety of coins and tokens with use cases that go well beyond a medium of exchange, meaning they arent necessarily Bitcoin competitors.
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Still, for lack of a better designation, the basic definition of an altcoin is any crypto asset other than Bitcoin.
Heres a look at the top 10 altcoins by market capitalization, excluding stablecoins. We have excluded stablecoins since they are designed to maintain a stable price and are not typically considered to be a speculative investment.
Market cap: $389.2 billion
Of the nearly $2.5 trillion in total market capitalization of the more than 26,000 crypto assets available today, more than $389 billion is held in Ethereum (ETH), the biggest altcoin on the market.
Unlike Bitcoin, which is characterized as a decentralized currency, Ethereum is a distributed computing network on which users can use the blockchain to run decentralized applications (dApps) and host smart contracts.
Critics of Ethereum point to high fees for conducting transactions. But with the thousands of apps and other altcoins powered by its blockchain, Ethereum is here to stay.
Market cap: $82.5 billion
Binance Coin is a utility token that can be used to pay trading fees and get discounted trades on the Binance exchange. You can even use BNB outside the Binance crypto exchange for payment processing, such as booking travel arrangements.
Critics say BNB isnt as decentralized as other altcoins. Another risk is a reported Securities and Exchange Commission (SEC) investigation into whether Binance should have registered BNB as a security during its initial coin offering.
Market cap: $79.3 billion
Developed to power decentralized finance, apps, and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanism to process transactions quickly and securely. It is one of the fastest blockchains.
Market cap: $32.0 billion
XRP can facilitate exchange of different currency types with digital technology and payment processing company Ripple Labs. Although this altcoin has extremely low transaction fees, critics note it faces legal challenges.
Ripple and two of its executives are involved in an SEC lawsuit alleging they should have registered XRP as a security, and the company says XRP is instead a currency.
Market cap: $26.3 billion
Dogecoin is the original meme coin, famously started as a joke in 2013. Nevertheless, thanks to a dedicated community and creative memes, it has rapidly evolved into a prominent cryptocurrency.
Dogecoin has a different network from Bitcoins proof-of-work protocol. This altcoin also has a block time of one minute with uncapped total supply. This means that there is no limit to the number of Dogecoin that can be mined, unlike BTC.
Market cap: $20.7 billion
Cardano was an early adopter of the proof-of-stake consensus mechanism, which speeds up transaction time by removing platforms like Bitcoins competitive and energy-intensive problem-solving dimension.
The Cardano Alonzo hard fork was officially launched on September 12, 2012, which also launched smart contract functionality to the blockchain space. It is to be noted that over 100 smart contracts were deployed in the following one day after the launch.
Market cap: $17.7 billion
Developed as a layer-one blockchain for dApps and other networks, Avalanche has grown into one of the worlds leading altcoins, Ethereums main rivals. In particular, the AVAX network is looking to unseat Ethereum as the blockchain of choice for smart contracts. The way in which the newer blockchain hopes to do this is by a higher transaction output without affecting scalability.
Like Ethereum, Avalanche is attempting to solve Vitalek Buterins famous blockchain trilemma of security, scalability, and decentralization. The blockchain trilemma states that developers must sacrifice at least one of those three components to allow for maximum productivity with the other two. Avalanche attempts to solve the trilemma by using three interoperable blockchains in its development.
Market cap: $17.2 billion
Developed in 2018 by Telegram, the encrypted messaging system, Toncoin is a Layer-1 blockchain whose name originally stood for Telegram Open Network but has since been changed to simply The Open Network.
TON was initially released so that in-application clients could easily settle transactions within the Telegram app. However, it has grown into a community-driven blockchain whose proof-of-stake network maintains swift processing and validation times.
Market cap: $15.5 billion
Shiba Inu, an Ethereum-based meme coin, was developed in 2020. SHIB was created by Ryoshi, an anonymous developer who claimed the coins goal was to discover if an organization could work without any central leadership. With major crypto heavy hitters such as Elon Musk and Vitalek Buterin quickly backing it, Shiba Inu appears to be proving Ryoshis hope is possible.
In October 2021, Shiba Inu briefly supplanted Dogecoin as the worlds most valuable meme coin by market cap. In addition, some niche retailers have started accepting the coin as payment following its success among crypto investors. But dont start looking to pay for your dinner with SHIB yet. An organized social media effort from the Shiba Inu community to get McDonalds to accept the coin as payment ultimately failed.
Market cap: $12.4 billion
This peer-to-peer electronic cash system aims to become a decentralized, permissionless global payment system. Bitcoin Cash is an alternative to the original bitcoin payment system, the worlds oldest cryptocurrency.
Created by a hard fork in the bitcoin blockchain, Bitcoin Cash launched in 2017, eight years after the original bitcoin blockchain came online.
Market cap: $12.2 billionThis altcoin powers the Polkadot ecosystem, where developers can build specific-purpose blockchains as spokes connecting to the main Polkadot blockchain hub, says Max Thake, co-founder of peaq, a blockchain network built on Polkadot. DOT is the native token for Polkadot.
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*Market caps and pricing sourced from coinmarketcap.com as of April 2, 2024.
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11 Best Altcoins Of May 2024 Forbes Advisor INDIA - Forbes
Why Altcoin Prices Were Sagging This Week – The Motley Fool
The crypto market needs a driver or several to move prices higher, and over the last few days it really hasn't gotten any.
In the crypto world, very often when the leader goes in a particular direction, the followers copy the move. With its leader dipping in price lately, the values of many altcoins also headed south in recent days.
Numerous altcoins were down notably week to date as of Friday early morning, some at double-digit-percentage rates. According to data compiled by S&P Global Market Intelligence, for example, meme coin Shiba Inu (SHIB -4.29%) was off nearly 9% and Mantle (CRYPTO:MNT) was floating 10% lower. Doing somewhat better but still in the red was Toncoin (TON -2.21%), with a relatively modest 0.4% decline.
The market leader I'm talking about is, naturally, Bitcoin. On Monday the bellwether crypto started to slide in price, and the following day it fell under $60,000. As of this writing, it is still there, although the price has improved at least marginally. Whenever Bitcoin crosses above or below a handy round number like $60,000, investors in altcoins tend to buy into or sell out of such assets, depending on the direction of travel.
This started to occur just prior to the Federal Reserve's latest Open Market Committee meeting, so it's little wonder the market was nervous. The latest consensus among Fed officials is that it's prudent not to cut interest rates, in the wake of recent worse-than-expected inflation readings. There was hope among holders of risky assets, such as cryptocurrencies, that the previously stated goal of slashing rates would be realized if inflation was declining.
In holding rates steady on Wednesday, Fed chair Jerome Powell stated that more time would be needed for the regulator to feel confident about rate cuts. That took the wind out of the sails of more than a few crypto investors.
With such moves now looking more like a distant dream, there was little other news of substance to move coins and tokens higher in price -- this is a market that tends to trade robustly (and thus move prices substantially) when big news is occurring. There weren't any such big-headline items over the few days, so some people traded out of cryptos and into other promising assets.
Investors shouldn't get too fixated on interest rate cuts, though.
Ultimately the strength of any cryptocurrency is what it's perceived to bring to the table as -- for instance -- a store of value (Bitcoin), utility as a digital asset affiliated with a popular social media site (Toncoin), or fun meme coin anchoring a blockchain its developers are trying to turn into a robust and functional ecosystem (Shiba Inu). Believers in the missions of these cryptos, then, might do well to stay the course.
Eric Volkman has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool recommends TON. The Motley Fool has a disclosure policy.
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Why Altcoin Prices Were Sagging This Week - The Motley Fool
Next Solana? DeFi 2.0 Altcoin That Secured $32,050,000 in Funding Set to Hit the Market on May 21, Top Analyst … – Crypto Reporter
Dubbed the Next Solana by degens and experts alike, Retik Finance has secured a substantial $32,050,000 in funding, underscoring the markets high expectations and confidence in its potential. With its official launch slated for May 21, top analysts are forecasting an explosive 1000% rally within 48 hours of its trading debut, positioning it as a potentially transformative force in the DeFi space.What problem is this Retik Finance token coming to solve? What is its utility all about?In this article, well look into Retik Finance (RETIK) and everything you need to know about the project.
Retik Finance (RETIK) is positioned as a pioneering force in the decentralized finance (DeFi) sector, introducing innovative financial products designed to bridge the gap between traditional finance and blockchain technology.This platform has captured significant attention due to its robust funding achievements, technological innovations, and potential for substantial market impact.Heres a detailed look at what makes Retik Finance a noteworthy player in the DeFi landscape:
Retik Finance (RETIK) is built on cutting-edge blockchain technology for scalability, security, and efficiency. The platforms commitment to continuous technological advancement is evident in its deployment of Layer 2 solutions to enhance transaction speeds and reduce costs, making it competitive with other top blockchain networks.
The successful launch of Retik Finance was marked by a highly successful presale phase, during which it raised over $32 million, significantly exceeding its initial goals. This early financial support underscores the investor communitys confidence and enthusiasm for Retik Finances potential.Additionally, Retik Finance (RETIK) strongly emphasizes community involvement and governance. The platform encourages active participation from its users in decision-making processes, which not only fosters a strong sense of community but also ensures that the platform evolves in alignment with the needs and interests of its user base.
The remarkable funding amount of $32,050,000 is a clear indicator of the strong belief in Retik Finances vision and its capability to deliver. This investment reflects a consensus among venture capitalists and seasoned investors that Retik Finance (RETIK) is not just another addition to the crypto space but a foundational technology that could lead the next wave of DeFi innovation. The funds are earmarked to accelerate product development, enhance security features, and expand the platforms global reach.Representing a significant evolution in decentralized finance, DeFi 2.0, Retik Finance is poised to tackle issues like impermanent loss, liquidity provisioning, and the complex user interfaces that have hindered the broader adoption of DeFi technologies. With functionalities such as automated yield farming strategies, enhanced liquidity pools, and user-centric financial instruments, Retik Finance is designed to be accessible to a wide audience, from blockchain novices to experienced traders.
The anticipation surrounding Retik Finances market debut is palpable, with analysts citing its robust pre-launch interest and innovative feature set as key indicators of its potential success. The predicted 1000% rally post-launch reflects expectations of immediate market impact, driven by investor enthusiasm and the platforms readiness to meet and exceed current DeFi demands.
As May 21 approaches, the crypto community keenly watches Retik Finance (RETIK), ready to witness whether it will fulfil its promise as the next big name in DeFi. With its combination of advanced technology, substantial funding, and strategic market positioning, Retik Finance is well-prepared to make a significant impact. This launch represents a potentially lucrative opportunity for investors and crypto enthusiasts, though it comes with the usual risks associated with the volatile cryptocurrency market. As with any investment, thorough research and a balanced approach are advisable for anyone considering getting involved in this exciting new venture.
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Twitter: http://www.twitter.com/retikfinance
Telegram: http://www.t.me/retikfinance
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.
Ethena (ENA) surges 13.5% as researcher forecasts 100x growth in altcoin season – crypto.news
Ethena (ENA), the synthetic U.S. dollar protocol built on the Ethereum network, recorded a significant surge as a renowned crypto researcher predicts a 100x rise during an anticipated altcoin season.
ENA is up 13.5% in the past 24 hours and is trading at $0.90 at the time of writing. The assets market cap is approaching the $1.3 billion mark, making it the 67th-largest cryptocurrency.
Quite similarly, Ethenas daily trading volume surged by 22.5%, currently hovering at $285 million.
The latest uptick in the surge of ENA tokens comes as renowned crypto researcher Alex Wacy has ignited speculation about the beginning of the altcoin season, signaling potential surges for select altcoins, including Ethena, amidst a $277.174 billion market cap.
Altseason seems to be starting!
Only ~15% of altcoins will bring 10-100x in this hyper growth.
Asset selection matters more than ever. One slip-up, and you're out.
How to position yourself Profit-taking timing 6 Altcoins that look ready to go pic.twitter.com/axmDK6rTua
Wacy estimates that approximately 15% of altcoins could yield returns ranging from 10x to 100x during this anticipated altcoin season.
Among the key indicators cited by Wacy is the consolidation of over $700 billion in TOTAL3, excluding Bitcoin (BTC) and Ethereum (ETH), which serves as a confirmation of a bullish trend.
TOTAL3 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC and ETH. This metric acts as a gauge for the broader altcoin markets readiness to emerge from the shadow of Bitcoin.
In his analysis, Wacy highlights Ethena as a synthetic dollar protocol that provides a crypto-native alternative to conventional banking through the Internet bond.
Moreover, he notes that the next unlocking event for ENA is scheduled for April 2025 while emphasizing a familiar pattern observed on the weekly chart, typically preceding significant growth. Given the ongoing altcoin season, the pattern is anticipated to lead to a swifter rebound compared to projects launched during bearish market conditions.
Ethena Labs, the developer behind the synthetic dollar protocol, has recently received approval for a USDeFRAX liquidity pool in collaboration with Frax Finance. The move aims to diversify the yield of the FRAX stablecoin, further enhancing the ecosystem surrounding Ethena.
Additionally, the approval of the Singularity Roadmap proposal has paved the way for the creation of a USDeFRAX pool on the decentralized finance (DeFi) stablecoin exchange Curve, with a $250 million ceiling.
However, amidst the optimism surrounding Ethena and its ecosystem, concerns have been raised by Fantom developer Andre Cronje regarding the risks associated with the USDe peg system. The system relies on collateralized positions to maintain parity with the U.S. dollar, similar to the design of UST, which ultimately led to challenges for Terras ecosystem.
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Ethena (ENA) surges 13.5% as researcher forecasts 100x growth in altcoin season - crypto.news
DeFi 2.0 Altcoin that Raised $32050000 in Presale to Make Biggest Market Launch of the Year on May 21, 2024 – Coinspeaker
May 6th, 2024 at 12:21 pm UTC 4 min read
/Retik Finance/ Retik Finance, a pioneering DeFi 2.0 altcoin, has captured the attention of the cryptocurrency community with its ambitious vision and impressive presale success. Having raised a staggering $32,050,000 in presale funding, Retik Finance is gearing up for what promises to be the biggest market launch of the year. Let us delve into the journey of Retik Finance, its groundbreaking features, and the anticipation surrounding its upcoming market debut.
Retik Finance represents the next evolution of decentralized finance, combining cutting-edge technology with innovative solutions to address the challenges faced by traditional financial systems. With a focus on accessibility, security, and user empowerment, Retik Finance aims to revolutionize the way individuals engage with financial services. The projects presale success has underscored the growing demand for DeFi 2.0 solutions and positioned Retik Finance as a frontrunner in the industry. The listing of Retik on both centralized exchanges (CEXs) and decentralized exchanges (DEXs) is poised to shake up the cryptocurrency market. While the specific details, including the names of the CEXs and DEXs, as well as the precise launch timing, are yet to be unveiled, anticipation runs high among investors eager to capitalize on this development.
The presale phase of Retik Finance exceeded all expectations, setting new records for fundraising in the cryptocurrency space. Investors from around the world flocked to participate in the presale, drawn by the projects compelling value proposition and potential for growth. The overwhelming response not only validated Retik Finances vision but also signaled strong investor confidence in the projects future prospects. With a substantial war chest secured through the presale, Retik Finance is well-equipped to execute its ambitious roadmap and bring its vision to life.
At the heart of Retik Finance are a range of innovative features and technologies designed to empower users and enhance the DeFi experience. Retik Finance offers a comprehensive suite of solutions tailored to meet the diverse needs of its users. Built on robust blockchain infrastructure and powered by cutting-edge smart contracts, Retik Finance prioritizes security, scalability, and interoperability to ensure a seamless user experience.
As Retik Finance prepares for its highly anticipated market launch, excitement and anticipation are reaching new heights within the cryptocurrency community. With the presale success serving as a strong foundation, Retik Finance is poised to make a significant impact on the DeFi landscape and establish itself as a leading player in the industry. Investors, enthusiasts, and industry observers are eagerly awaiting the official launch of Retik Finances platform, eager to witness its potential to transform the financial ecosystem. While the presale success and impending market launch are cause for celebration, Retik Finance faces a number of challenges as it navigates the road ahead. Competition within the DeFi space is fierce, and Retik Finance must differentiate itself through continued innovation, strategic partnerships, and community engagement. Additionally, regulatory considerations and market dynamics will play a crucial role in shaping the projects trajectory and determining its long-term success. However, with a dedicated team, a supportive community, and a clear vision for the future, Retik Finance is well-positioned to overcome these challenges and emerge as a trailblazer in the world of decentralized finance. Retik Finances presale success and upcoming market launch mark the beginning of an exciting new chapter in the evolution of decentralized finance. With its innovative features, robust technology stack, and strong community support, Retik Finance is poised to revolutionize the way individuals access and interact with financial services. As anticipation builds and momentum grows, Retik Finance stands ready to make its mark as the DeFi 2.0 altcoin of choice for investors and users alike.
Retik Finance (RETIK) is a cutting-edge decentralized finance (DeFi) project revolutionizing global transactions with its innovative suite of financial solutions. Introducing futuristic DeFi Debit Cards, a Smart Crypto Payment Gateway, AI-powered Peer-to-Peer (P2P) lending, and a Multi-Chain Non-Custodial Highly Secured DeFi Wallet.
Visit the links below for more information about Retik Finance (RETIK):Website,Whitepaper,Twitter,Telegram.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.
Crypto: The Top 4 Altcoins to Buy Now – Cointribune EN
Tue 07 May 2024 3 min of reading by Luc Jose A.
With the current momentum of prices in the crypto market, now is the time to invest most heavily in altcoins. And if youre still unsure which altcoins to prioritize, were here to help. Here are 3 altcoins you could invest in now to increase your chances.
If youre looking to invest in cryptos at this time, start by considering Chainlink. Chainlink is a blockchain oracle network that assists Ethereum smart contracts in connecting to payment systems, APIs, and various external data sources. The project has a lot of potential.
The projects native token, LINK, is currently trading at about $14.24 on CoinMarketCap with sustained growth over the past 7 days. After reaching its all-time high of $52.8761 in May 2021, LINK could soon set a new record.
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A fierce competitor of Ethereum with a multi-chain approach, Avalanche has managed to attract major players like MasterCard. Since 2021, in fact, the blockchain has entered the Top 10 most used blockchains. This is unsurprising, given that it was built to address issues of scalability and transaction costs on Ethereum.
Despite a recent setback, its cryptocurrency, AVAX, shows a clear upward trend over the past few days. Its current price is about $36.08 on coinmarketcap with a growth of 3.79% in the last 24 hours.
While this is not investment advice, we suspect that Solana (SOL) will make big waves in the coming months. Its performance over the past year has positioned it among the cryptocurrencies to be recommended this year.
With a growth of 7.05% over the last 7 days, the cryptocurrency is currently trading at nearly $147.39 on coinmarketcap, well below its ATH of $260. Solana could clearly be an excellent investment opportunity for this altcoin season. Its up to you to choose your altcoin and get started as soon as your calculations are correct.
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Diplm de Sciences Po Toulouse et titulaire d'une certification consultant blockchain dlivre par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'conomie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet cosystme en constante volution. Mon objectif est de permettre chacun de mieux comprendre la blockchain et de saisir les opportunits qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualit, de dcrypter les tendances du march, de relayer les dernires innovations technologiques et de mettre en perspective les enjeux conomiques et socitaux de cette rvolution en marche.
DISCLAIMER
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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Crypto: The Top 4 Altcoins to Buy Now - Cointribune EN
With Altcoins At First Ever ‘Weekly Golden Cross’, This Prominent Trader Remains ‘Heavily Allocated’ – Benzinga
Pseudonymous crypto trader Kevin sees altcoins likely struggling ahead of a significant price movement.
What Happened: The trader took to X to share his analysis of the top 150, noting that these altcoins find it difficult to break back above the macro Golden Pocket.
He also pointed out that we are on the brink of witnessing the first-ever weekly golden cross of the 50 Simple Moving Average (SMA) crossing the 200 SMA. This phenomenon, according to Kevin, could trigger sharp dips and periods of consolidation before a significant movement occurs.
The trader expressed his belief that the most explosive part of the crypto market is yet to come. His predictions are based solely on chart analysis, without any personal bias.
Also Read: Is This The Time To Buy Altcoins? Crypto Researcher Sees These 2 Main Options
Why It Matters: Kevins analysis provides valuable insight into the current state of the altcoin market. He explicitly mentions Dogecoin DOGE/USD, Ripple XRP/USD, Solana SOL/USD and Avalanche AVAX/USD in his post.
However, the impending Golden Cross could signal a potential turning point. Historically, such crosses have often preceded significant market movements. Therefore, Kevins prediction of an impending explosive phase in the crypto market could be a crucial development for investors and traders to watch.
In another tweet, prominent trader Michal van de Poppe stated that he is still heavily allocated into altcoins, despite not being able to time the exact bottom. He adds, "Youll be allocated into a position, and youll need to be patient until it reverses, thats how things go."
Whats Next: The influence ofBitcoin as an institutional asset classis expected to be thoroughly explored at Benzingas upcomingFuture of Digital Assetsevent on Nov. 19.
Read Next: Is It Time For Altcoins To Shine? Expert Predicts Uptick For DOGE As BTC Finds Solid Ground
Image: Shutterstock
2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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With Altcoins At First Ever 'Weekly Golden Cross', This Prominent Trader Remains 'Heavily Allocated' - Benzinga