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Jag Kooner, Head of Derivatives at crypto exchange Bitfinex, said in a statement sent to Crypto Briefing that a more selective and sector-focused investment strategy in the altcoin market can be perceived in the current price cycle.

While there is money flowing from Bitcoin towards the altcoin market, Kooner assesses that the capital is being deployed in specific sectors, such as the Solana ecosystem and AI-based projects. This is different from previous cycles when money flowed to altcoins more broadly.

Speaking about previous cycles, Bitfinexs Head of Derivatives defended that the current market movement aligns with a pre-halving rally, a trend observed in previous Bitcoin (BTC) cycles. Historically, this rally commences approximately eight weeks prior to the halving event and has the potential to push prices beyond previous cycle highs. Notably, the past week marked Bitcoins re-emergence as a trillion-dollar asset, largely driven by ETF inflows.

The diminishing selling pressure from GBTC and consistent inflows into other ETFs, averaging $300-400 million daily according to recent data, have been significant contributors. Its important to note, however, that BTC today is already closer to its previous all-time high (ATH) before the pre-halving rally in comparison to previous cycles, partly due to ETF-related enthusiasm, says Kooner.

However, while historical patterns may provide insights, its crucial to understand that they do not always guarantee repetition.

In its Bitfinex Alpha report published this week, analysts at the crypto exchange pointed out that investor confidence in Bitcoin has seen a notable increase, as indicated by the cryptocurrencys price rise at the end of the previous week.

This positive movement is attributed in part to a slowdown in the selling of Grayscales GBTC funds and a significant increase in total crypto asset inflows. The holdings of the newly established Bitcoin ETFs have now surpassed those of MicroStrategy, a major corporate backer of Bitcoin, with expectations for continued inflows.

This trend is further bolstered by the anticipation of the 2024 Bitcoin halving event and the high level of BTC that remains in the hands of long-term holders, which exceeds 70 percent of the total supply. Such factors contribute to a highly optimistic outlook for Bitcoins price trajectory.

Supporting this bullish sentiment, on-chain data, including the rise of the MVRV Ratio above its one-year Simple Moving Average, suggests a growingly favorable environment for Bitcoin.

Moreover, the observed slowdown in the appreciation of the Short-Term Holder Realised Price metric implies a reduction in profit-taking activities, suggesting that the market may anticipate further growth potential for Bitcoin.

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Altcoin investment is more 'selective and sector-focused', says Bitfinex's Head of Derivatives - Crypto Briefing

Digital assets manager CoinShares says institutions poured $1.1 billion into crypto investment products one month after the U.S. Securities and Exchange Commission (SEC) approved spot BTC exchange-traded funds (ETFs).

In its latest Digital Asset Fund Flowsreport, CoinShares finds that crypto investment products saw over a billion dollars in inflows last week and show no signs of slowing.

Digital asset investment products saw large inflows totaling $1.1 billion, bringing year-to-date inflows to $2.7 billion. Coupled with recent price rises, total assets under management (AuM) is at the highest level since early 2022 at $59 billion.

According to CoinShares, most of the inflows were focused on BTC ETFs, which have reached almost $3 billion in the last month. The firm says Bitcoins price appreciation buoyed sentiment for Ethereum (ETH) and Cardano (ADA), which both saw more inflows than the rest of the altcoin market.

Regionally, the focus remained on the newly issued spot-based Bitcoin ETFs in the US, which saw a net $1.1 billion inflows last week, bringing inflows since the January 11th launch to $2.8 billion. The outflows from incumbents have slowed significantly, but the potential sale of the Genesis holdings of $1.6 billion could prompt further outflows in the coming months

Bitcoin saw almost 98% of the inflows, while the price appreciation also buoyed sentiment for Ethereum and Cardano.

BTC, per usual, saw the lions share of inflows, taking in 98% of last weeks inflows at $1.09 billion. Ethereum (ETH), Cardano (ADA), Avalanche (AVAX), Polygon (MATIC), and Tron (TRX) each saw inflows of $16 million, $6 million, $0.5 million, $0.4 million, and $0.4 million, respectively.

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Ethereum and Cardano Lead Institutional Altcoin Inflows As $1,100,000,000 Hits Crypto ETPs: CoinShares - The Daily Hodl

A technical analyst pinpoints six altcoins poised for a potential 300% surge amid the current bullish market trend.

Bitcoin has recently driven significant capital into the crypto market following its shocking ascent to $52k. Many alternative cryptocurrencies have been prime beneficiaries, with some registering 50% gains.

Amid this trend, a prominent technical analyst has drafted a list of altcoins he believes can record an even more substantial two to three-fold increase in the emerging bull season.

In a recent post on social media platform X, renowned analyst JD urged crypto community members to pay attention to six altcoins. He argued they are digital assets that wield the potential for 200% to 300% gains before any notable price correction.

Moreover, the analyst suggested that the altcoins would return on another round of explosive growth even after such price retracement.

Leading the analysts selection of top picks is Verasity (VRA), a low market cap coin that trades for less than a penny. In particular, VRA exchanges hands at $0.007215, having recorded a 32.12% over the past week.

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Notably, Verasity represents an open-ledger ecosystem crafted to combat advertising fraud, offering transparent infrastructure access to publishers and advertisers.

Curve DAOs CRV made the technical analysts second choice for tokens to watch. Notably, CRV is a mid-cap cryptocurrency with a valuation of over half a billion dollars. Over the past week, the asset has seen a 6.21% gain, putting its price at $0.5348.

Curve is a decentralized exchange tailored for stablecoins, employing an automated market maker for liquidity management. Notably, the project has become closely associated with the DeFi phenomenon, witnessing substantial growth since its 2020 debut.

Also, technical analyst JD identifies potential in Dogecoin, the leading meme-based cryptocurrency project, which ranks in the top ten with a valuation surpassing $12 billion.

Dogecoin gained prominence primarily due to the influence of tech mogul Elon Musk.

Currently trading at $0.08515, it has experienced a 5% increase over the past week. Nevertheless, the analyst anticipates the possibility of a 300% surge for DOGE.

Furthermore, JD highlighted Oasis Networks ROSE token as another coin with the potential for a threefold increase during this bull season.

Currently trading at $0.1198, ROSE has seen notable declines in the past 24 hours and over the past week.

Significantly, Oasis is the foremost privacy-enabled and scalable layer-1 blockchain network. It lays the groundwork for the next generation of Web3 by merging high transactions per second, low gas fees, and a secure architecture

XRP ranks as the fourth largest altcoin, commanding a market share surpassing $30 billion.

Despite mounting concerns within the crypto community regarding XRPs prolonged underperformance, technical analysts anticipate a potential 300% surge in the coming weeks.

At press time, XRP trades at $0.5594, with a notable 7% gain over the past seven days.

Lastly, Hederas native token HBARalso secured a spot on the analysts list of top picks to monitor for a potential threefold increase during this bull season.

Currently trading at $0.08455, HBAR has experienced a 7.7% gain over the past seven days.

Hedera is reputedly recognized as the most utilized, sustainable, enterprise-grade public network for the decentralized economy. It enables individuals and businesses to develop robust decentralized applications with a fairer and more efficient system.

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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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Technical Analyst Identifies Top 6 Altcoins That Can Rally 300% this Bull Market - The Crypto Basic

Solana was in the spotlight during the last couple of months. Its the comeback kid, from being down to under $8 a year ago to a recent high of $121 for SOL.The chain is currently the 5th largest project measured by market cap. During last year, SOL saw a price increase of 285%.

However, at the same time, other chains are also doing well. The Layer 1 space is a competitive one. One chain that stands out is Injective (INJ). The INJ token went up by 1646% during last year and reached a new ATH of $45.01 on the 9th of January. They also became the chain with the lowest transaction cost of all chains. Lets take a look at what else Injective has cooking, and if it can surpass Solana.

Last week, on the 19th of January, Injective launched Gas Compression. On their blog, its introduced as one of the largest technical breakthroughs.And the result IS impressive. Injective now boasts the lowest transaction fees of all chains. In the whole crypto space! Well, to be honest, thats quite a feat.

This honor was Solanas, but not anymore. You can see in the picture that Injective beats Solana, hands down. Solana is at $0.00045.However, with the current INJ price, the Injection transaction fee is at $0.0003. Thats a third cheaper compared to Solana.To clarify, the Injective fees are 0.00001 INJ. So, theres still a bit of room for INJ to see a positive price change and still have the lowest transaction fees.

This is also great news for developers, users, and even institutions. So, lets take a look at what some actions will cost you:

These are exactly the high-frequency traders who need this.Users like you and me also benefit. For example, with:

We can do all these things and dont have to worry about high transaction fees. The Injective transactions are almost free. Dapps that are already available on Injective can easily change the gas configuration. It was 500,000,000, the new rate is 160,000,000 INJ.

On the 11th of January, Injective also introduced the Volan upgrade. This also saw some great improvements. To date, this was the largest update to their mainnet. Here are some of the upgraded features:

This first round sees Injective with quite some impressive new features. So, lets take a look at what else is brewing under the Injective hood.

The next big news for Injective is that all its tokens are now unlocked. The last unlock event was only a few days ago, on the 21st of January: 3.67 INJ tokens were unlocked, or $130 million at current rates.

However, instead of a price dump, the INJ price went up. Typically, a token unlocks events to see a price decrease. This event turned out to be a catalyst. Let me explain why.3.33 million tokens were for the team. However, the team already had 16% of their total allocation unlocked. So, there was no sales pressure. The remaining 333k tokens were for advisors.

The advisors unlock was worth around $13 million. But check this out, daily trading volume for INJ was around 150 million. The market could easily absorb these tokens. Thats providing the advisors sold them at all. Furthermore, markets look forward. This was the last unlock, its actually a bullish signal.

On a different note, 49 million INJ are already staked. The current circulating supply is 80.8 million, so thats 60.6% INJ staked. The rewards are 15.83% and 5.8 million INJ are already burned.

Now, you may ask where the INJ staking rewards come from. To make a long and technical story short, it seems like a legit way. Its due to inflation, at least for the most part. This contrasts with Solana, which heavily subsidizes its staking rewards. Injective staking rewards come from inflation and other protocol incentives. 5C We can also observe increased staking participation.

Being a deflationary token also helps. Something we like here at Altcoin Buzz. Injective already installed the 2.0 burn mechanism. Each week, Injective burns around 15k INJ. Thats 60+K INJ or $1.9 million per month. Thats deflation for you in full swing, right there.

And thats a big difference to Solana. Solana has an unlimited supply of SOL tokens, its an inflationary token. Solanas staking % is around 68%. However, the rewards are only 5% So, thats 2-0 for Injective.

To sum up, Injective (INJ) has some impressive stats and features. Currently, its listed as #31 by market cap. Solana holds spot #5. However, having said that, Injective seems to be ticking all the right boxes. The uptrend doesnt seem to be at an end for its INJ token. It has many bullish things going on. It may surpass Solana in the future.

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Why Injective (INJ) is Set to Overtake Solana (SOL)? - Altcoin Buzz