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Crypto Analyst Reveals Top Altcoins To Buy Amid Market Slump – NewsBTC

In a new video update, renowned crypto analyst Michael van der Poppe dissected the current dynamics of the crypto market, emphasizing the potential of select altcoins. VVan der Poppes analysis provides a strategic viewpoint for potential investors, focusing on the intricate relationship between Bitcoins (BTC) price movements and the broader altcoin market.

Van der Poppe started by acknowledging the mixed performances among altcoins, with some consolidating, others correcting, and a few showing remarkable strength. The crux of his analysis hinges on the intricate relationship between Bitcoins market behavior and the resultant impact on altcoins.

He highlighted the current consolidation phase of Bitcoin, noting, Bitcoin is currently looking at a case of consolidating which means that if Bitcoin is bottoming out that can be the kickstart of altcoins to start firing up.

Furthermore, the crypto analyst delved deep into market capitalization metrics, particularly emphasizing the Total 2 market cap (excluding Bitcoin) and Total 3 market cap (excluding Bitcoin and Ethereum), to underscore the latent potential in altcoins. He pointed out, We are at the levels of March 2022 the total market cap lagging says that we are looking at a case of other cryptocurrencies to start trending outside of Bitcoin.

The first altcoins which van der Poppe picked is Ethereum. He linked ETHs price movements with broader market events, including the Bitcoin halving and potential regulatory approvals and suggested, Ether is always going to pick up in a pace that is due to a period of consolidation of Bitcoin.

He added with regards to the final SEC deadline for an spot Ethereum ETF approval in the US, the actual date that we need to focus on is May, which probably is going to lead into such a momentum towards these highs.

With regard to a possible price target in this bull run, the analyst revealed: I think that at this point ETH is still going to continue running towards the area of 8K and were going to find ourselves into a top at that specific level.

With respect to the 1-week ETH/BTC chart, van der Poppe remarked, Were seeing one crucial level that we need to break through 0.06. If we do, I think the range high at 0.0838 is going to be the target. As a matter of fact you can actually say $130 billion needs to be added towards Ethereum. Its a rally of approximately 43%.

Van der Poppes second pick is Chainlink. Highlighting LINKs technical patterns and its correlation position against BTC in the weekly chart, Van der Poppe highlighted that LINK hit resistance at 0.000448, dropped back down towards 0.0002843 and is now consolidating.

Once this is finished, he expects Chainlink to rally towards the resistance and start breaking out of this level towards the highs at 0.0009 to 0.0010. He added, In terms of BTC value, its very likely that its going to do a 2x, emphasizing the potential for significant growth.

In USDT terms, this would mean that LINK goes to $17 to $18. From $17 to $18, you need to do 2X, which is this range high, which is this level, which we can expect Chainlink to go to before we have a pretty substantial correction in the entire market, he added.

The analysts third altcoin is Arbitrum. Focusing on ARBs recent price actions and potential for a significant rally, Van der Poppe identified key entry points, stating, Anywhere in this ballpark between $1.67 and $1.50 is where you want to get yourself into an entry point. He underlined the potential growth, saying, If theres going to be another impulse taking place, it is going to $3.50 or $5.

At press time, the total crypto market cap stood at $1.473 trillion after being rejected at the 0.382 Fibonacci retracement level.

Featured image from iStock, chart from TradingView.com

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3 cryptocurrencies to turn $10 into $1,000 in 2024 – Finbold – Finance in Bold

As the cryptocurrency market attempts to put behind the recent bearish sentiments, several projects are poised to yield profits on a modest investment. A prevailing consensus suggests that the crypto market, spearheaded by Bitcoin (BTC), will likely experience a rebound.

Market participants anticipate that factors such as the Bitcoin halving, the recent approval of a spot Bitcoin exchange-traded fund (ETF), and a potential similar product for Ethereum will catalyze a long-term rally.

In the meantime, analysts are also projecting a rebound in the altcoin market, noting that positive sentiments in the market will likely drive buying pressure.

In line with this perspective, Finbold has identified three cryptocurrencies that hold the potential to help investors turn a $10 investment into $1,000 in 2024.

Avalanche (AVAX) has established itself as a formidable player in decentralized finance (DeFi). Recognized for its high throughput and low transaction fees, the Avalanche platform is pivotal for developers and users.

Over the past year, Avalanche achieved significant milestones on multiple fronts. Notably, its valuation surged towards the end of the year, targeting the $50 resistance. At the same time, the platform forged partnerships, including notable collaborations with the gaming company BLRD and Amazons (NASDAQ: AMZN) AWS, a positive factor for price growth.

With the ecosystem expanding and more projects building on Avalanche, a $10 investment could yield substantial returns as the platform gains widespread adoption.

By press time, AVAX was trading at $31.86, registering daily gains of almost 7%. However, on the weekly chart, AVAX experienced a 4% decline.

Often touted as the Ethereum (ETH) killer, Solana (SOL) has gained prominence with its high-performance blockchain. Boasting impressive transaction speeds and low fees, the Solana network is a key platform for decentralized applications and smart contracts.

Notably, in 2023, SOL surpassed the $100, driven by the fear of missing out (FOMO) surrounding Solanas SPL token airdrops. The rally indicates the token still has the potential for further upside. Additionally, Solana is showing high investor interest as the platform plans to launch a second new smartphone, building on the success of its initial crypto-ready device. With positive market sentiments, Solana will likely rally toward its last all-time high of over $200.

A $10 investment in Solana could witness growth, particularly as more developers and users join its ecosystem.

By press time, Solana is trading at $90.99, having rallied over 4% in the last 24 hours.

Polygon (MATIC), a layer-2 scaling solution for Ethereum, has become a key entity in enhancing the scalability and user experience of the Ethereum network. With the escalating demand for decentralized applications on Ethereum, Polygons infrastructure offers a viable solution.

Given the array of projects building on its platform, a $10 investment in Polygon could capitalize on the networks increasing importance in the broader blockchain landscape.

MATIC had recorded weekly losses of about 4% by press time, while on the daily chart, the token was up 3%, trading at $0.75.

Finally, although these projects present exciting opportunities with strong fundamentals, its crucial to note that their success will largely depend on overall market sentiments.

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

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Crypto Markets Likely To Go Ballistic in 2024 With Altcoins Outshining Bitcoin: Analyst Jason Pizzino – The Daily Hodl

Analyst Jason Pizzino thinks altcoins could outshine Bitcoin (BTC) this year as the crypto markets anticipate two potential bullish catalysts.

In a new YouTube video, Pizzino tells his 307,000 subscribers that two massive events for the crypto space are coming up this year: the Bitcoin halving and the US presidential election.

Pizzino thinks the halving, which is currently slated to happen on April 18th, could pause any ongoing correction. He thinks the election, however, could be an even bigger event for the crypto space.

What weve seen from the [elections in the past is its] when the markets go ballistic. Sometimes a month or two earlier, sometimes right on that period. So stay alert coming into quarter three of 2024.

The analyst sees Bitcoin correcting to around $37,000 in the short term. BTC is trading at $39,922 at time of writing and is down about 3% in the past 24 hours.

Pizzino thinks BTC and Ethereum (ETH) are primed to experience gains this year, but he also thinks altcoins will outperform the top two crypto assets later in the bull market cycle.

Like weve known leading into this year of 2024, that its more probably likely going to be a better altcoin opportunity for the next stage of the cycle. Bitcoin is going to have gains. I suspect Ethereum will have gains but obviously [altcoins] are going to have even bigger gains. That should be a given by now.

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Generated Image: Midjourney

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Crypto Markets Likely To Go Ballistic in 2024 With Altcoins Outshining Bitcoin: Analyst Jason Pizzino - The Daily Hodl

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Top 5 Weekly Altcoin Losers: SATS, Sei, ORDI, Bonk, TIA -25% – Crypto Times

In this weeks comprehensive crypto market analysis, we meticulously examine the performance of the top 5 altcoins that have experienced significant losses. Both the price of Bitcoin (BTC) and various altcoins dipped below crucial horizontal levels, signaling a broader market downturn.

The downturn in SATS, Sei (SEI), ORDI, Bonk (BONK), and Celestia (TIA) ranged from 28.55% to 32.51% over the last seven days, reflecting heightened market volatility. Now, lets delve into the nuanced details of each altcoins recent performance.

SATS (1000SATS)

SATS, currently valued at USD 0.000428, witnessed a significant 32.51% downturn in the past week, plunging from $0.0006244 to $0.00042. Additionally, the coin registered a 14.66% decline in the last 24 hours. The market cap for SATS stands at USD 899,775,553, with a circulating supply of 2,100,000,000,000 1000SATS.

Sei (SEI)

Priced at $0.585020, Sei experienced a substantial 29.18% decrease from $0.77 to $0.58 in the past week. The coin further saw a 7.07% decline in the last 24 hours. The market cap of SEI is USD 1,394,423,230, with a circulating supply of 2,425,000,000 SEI.

ORDI (ORDI)

ORDI, currently valued at USD 54.35, recorded a noteworthy 30.24% drop in the last 7 days, falling from $74.29 to $52.84. Over the last 24 hours, ORDI faced a 13.73% decline. The market cap stands at USD 1,141,397,501, with a circulating supply of 21,000,000 ORDI.

Bonk (BONK)

Priced at USD 0.000010, Bonk underwent a significant 28.55% decrease in the last 7 days, declining from $0.0000138 to $0.000009861. The coin also observed a 9.43% drop in the last 24 hours. Bonks market cap is USD 636,244,800, with a circulating supply of 63,333,513,043,628 BONK.

Celestia (TIA)

Currently valued at USD 14.38, Celestia experienced a 29.18% decrease in the past week, falling from $18.98 to $13.96. In the last 24 hours, TIA faced a 10.88% decline. The market cap for Celestia is USD 2,289,044,457, with a circulating supply of 159,235,309 TIA.

The notable declines in SATS, Sei (SEI), ORDI, Bonk (BONK), and Celestia (TIA) highlight the volatility in the crypto market this week.

In addition to the previously mentioned top 5 altcoins, a broader trend of losses is observed across various tokens this week. Altcoins like Arbitrum (ARB), Woo (WOO), Helium (HNT), and Near Protocol (NEAR) are among the 15 tokens facing losses exceeding 15%.

The crypto market exhibits widespread volatility, emphasizing the importance of careful monitoring and strategic decision-making for investors during this period.

Also Read: Siacoin (SC) Token Surges Over 30% in the Last 7 Days

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BTC to $120,000: Top Trader Henrik Zeberg Shares Epic New Bitcoin Price Prediction By U.Today – Investing.com

U.Today - In a recent market analysis, renowned trader and financial market analyst Henrik Zeberg has set the crypto community abuzz with his new epic price prediction. According to Zeberg, Bitcoin has embarked on a trajectory that could see it soar to $120,000.

Known for his accurate forecasts, the expert draws parallels between current market conditions and previous instances in 2017 and 2020, highlighting a striking resemblance in the current correction phase. With an optimistic tone, he speculates that history will repeat itself in 2024, anticipating a bullish surge in Bitcoin's value.

Backing his prediction with a detailed Bitcoin price chart, Zeberg illustrates the patterns and key levels supporting his optimistic outlook. The chart serves as a visual representation of the trader's analysis, providing a comprehensive overview of a potential upward trajectory for the leading cryptocurrency.

Source: Negentropic

In an unexpected twist, Zeberg foresees a period where altcoins could outshine BTC on the market. Anticipating an altcoin season, he suggests that the rally led by Bitcoin may be surpassed by altcoins, ushering in a phase of increased bullishness and FOMO.

If history repeats itself, crypto enthusiasts may witness a remarkable surge to $120,000, reshaping the landscape of the market in the coming months.

This article was originally published on U.Today

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Analyst Says Altcoin Thats Rallied Over 270% in Three Months Still Looks Bullish, Updates Outlook on Chainlink – The Daily Hodl

A widely followed crypto analyst and trader is staying bullish on one altcoin thats been red hot for months.

The analyst pseudonymously known as Altcoin Sherpa tells his 205,800 followers on the social media platform X that Web3 project Internet Computer (ICP) still has more upside potential.

ICP: another coin that looks interesting to me setup-wise, bullish demand zone plus 200-day EMA (exponential moving average) on the four-hour that hasnt been tested in a while. I am considering longing this one.

Looking at his chart, the trader suggests ICP could bounce if it holds the 200-day EMA as support around the key level of $11.25.

ICP is trading for $11.14 at time of writing up more than 270% since its $2.99 close on October 19th.

Next up, the trader predicts that decentralized oracle provider Chainlink (LINK) will trade around its current price level in a consolidation phase before moving another leg up.

LINK is consolidating for the next move up, but I expect this to still just chill out for a while and continue to consolidate. Not expecting any big moves yet.

Chainlink is trading for $15.43 at time of writing, up more than 7% in the last 24 hours.

Generated Image: DALLE3

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Analyst Says Altcoin Thats Rallied Over 270% in Three Months Still Looks Bullish, Updates Outlook on Chainlink - The Daily Hodl

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Top Altcoins To Watch Next Week: Chainlink (LINK), Astar (ASTR), And Binance Coin (BNB) Show Increased Buying Confidence – Coinpedia Fintech News

In the past week, Bitcoins price fell sharply from around $43K, approaching the $40K mark. This decline affected many altcoins, but emerging ones like Chainlink, ASTR, and BNB saw increased buying pressure as capital shifted from Bitcoin to these markets. Consequently, theres a growing demand for LINK, BNB, and ASTR, which could lead to their prices rising further in the upcoming week.

The market sentiment has turned bearish in the last week, influenced by significant sell-offs from large investors, which also affected the altcoin market. The altcoin dominance notably decreased from a high of 12.9% to 12.4%.

However, the crypto fear/greed index shifted from an extreme greed level of 76 to a more neutral 52, indicating a stabilization of the previously overheated market. This is a bullish sign for the market as this could bring a renewed buying interest. This change, along with Bitcoins reduced dominance, may provide an opportunity for altcoins to perform better in the upcoming week.

Bulls are aiming to increase their domination as they push LINK price toward the immediate Fib channel. However, efforts by bulls to initiate a surge for Chainlink face rejection as sellers are active above $16.5. As of writing, Chainlink price trades at $16, surging over 3.5% from yesterdays rate.

The surging 20-day Exponential Moving Average (EMA) at $15.5 and the Relative Strength Index (RSI) above the midline at 56 level hint that the market is more likely to move upward. If buyers aim to halt the ongoing correction, they need to push the LINK price above the $17.5 level. Doing so would negate any current bearish trend and could initiate a bullish rally towards $20, and possibly extend it further.

However, a drop below the moving averages will create intense selling activity. As a result, LINK price could drop further and consolidate within a bearish region of $13.

Astar price has been on an upward trajectory recently after gaining buying pressure near each resistance level for several days. However, a slight negativity is that the bears have successfully kept the price below the $0.18 level. As of writing, ASTR price trades at $0.175, increasing over 5.5% from yesterdays rate.

Should the buyers manage to push the price above the ascending channels resistance line, the ASTR price might surge to the $0.2 mark. A decisive break and close above this could signal the end of any bearish rally, potentially leading to further rises.

On the flip side, if the price declines from the 20-day EMA, it would indicate that the bears are still actively selling during price rallies. This could enhance the chances of the price dropping to the channels support line.

BNB price is consolidating around the 20-day Exponential Moving Average (EMA) of $315, but the bears couldnt keep the price lower than the 0.023 Fibonacci retracement level. Hence, buyers are attempting to send the price above the resistance line. Currently, BNB price trades at $313, surging over 0.13% from yesterdays rate.

If buyers manage to maintain the price above $320, the BNB price might test the resistance at $336. However, a rejection at $320 might plunge the price next week.

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Top Altcoins To Watch Next Week: Chainlink (LINK), Astar (ASTR), And Binance Coin (BNB) Show Increased Buying Confidence - Coinpedia Fintech News

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Crypto Analyst Predicts Altcoin Boom While Bitcoin Dips: Good Time to Buy? – Coinpedia Fintech News

Bitcoin stands at a crucial crossroads, teetering on the verge of a potential downturn. Recent market shifts have witnessed the premier digital currency following a downward trajectory, sliding from its January 11th peak of $49,000 to below $41,000.

This has piqued the interest of analysts and investors, with respected crypto expert Michal van de Poppe providing insightful perspectives to help us understand the scenario. Read on!

Crypto analyst Michal van de Poppe draws attention to the TOTAL charta comprehensive measure of the collective market capitalization of all crypto assets. His analysis points to an imminent rally, propelling the market cap towards a remarkable $2.1 trilliona potential surge of nearly 33%.

This prediction places altcoins in the spotlight, positioned to take the lead while Bitcoin undergoes a consolidation phase.

Also Read: Are Bitcoin Bears Hinting at Massive Drop to $30k Levels?

While Bitcoin takes a breather, van de Poppes examination of the Bitcoin dominance (BTC.D) chart provides a roadmap for the impending market shift. Reflecting patterns observed in 2016 and 2020, coinciding with Bitcoin halving events, the chart hints at a historical cycle repeating itself.

Van de Poppe envisions a scenario where altcoins step into prominence, outperforming in the wake of Bitcoins consolidation phase.

Amidst market uncertainties, van de Poppe contemplates whether Bitcoin has reached its lowest point, speculating on potential further declines before a rebound. Expressing personal interest in accumulating more Bitcoin, he identifies the $36,000 to $40,000 range as a strategic zone for strengthening positions.

As Bitcoin temporarily eases into its consolidation phase, attention shifts to the broader market stage. Here, altcoins emerge as key players, gearing up for potential surges and noteworthy actions.

As of now, Bitcoin is trading at $40,803, experiencing daily losses of less than 1.91% and a weekly decline of over 3.4%.

This Might Interest You: Shocking! Analyst Reveals How Much Bitcoin USA Giants are Holding

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Justin Sun withdraws $60 million in Ethereum, AAVE, SHIB, LINK among other assets from Binance – FXStreet

Justin Sun, founder of Tron and advisor to HTX exchange withdrew a large volume of assets from Binance. Suns withdrawal from one of the largest crypto exchange platforms has likely fueled anticipation among crypto market participants.

Also read: Coinbase is 70% likely to win motion to dismiss SEC lawsuit, says Bloomberg analyst

According to data from Lookonchain, an on-chain intelligence provider, Justin Sun has withdrawn $60 million in cryptocurrencies from Binance. The withdrawal includes 17,433 Ethereum (ETH), worth $43 million, 68,999 AAVE worth $6.7 million, 656.4 billion Shiba Inu (SHIB) worth $6.3 million, 61,249 Chainlink (LINK) worth $957,000, 27.16 billion FLOKI worth $885,000, 1.7 million Decentraland (MANA) worth $826,000 and 100,100 BAND worth $168,000.

The large volume withdrawal comes at a time when the altcoin season ends in the ongoing cycle, Bitcoin and Ethereum prices have declined in the past week. The Alt season index reads 73 as of January 21.

Altcoin Season Index. Source: Blockchaincenter.net

At the time of writing, Bitcoin and Ethereum yielded 2.66% and 4% losses for holders respectively.

Typically, accumulation of altcoins by large wallet holders like Justin Sun could reduce the selling pressure on the assets and pave the way for prices to recover or rally in the short-term. Previously, Justin Sun has withdrawn SHIB from Binance in large volumes. The impact of the large volume withdrawals on altcoin prices remains to be seen.

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Justin Sun withdraws $60 million in Ethereum, AAVE, SHIB, LINK among other assets from Binance - FXStreet

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What Is The Best Altcoin To Buy Now? A Close Look At The Best Altcoins Before The Crypto Bull Run in 2024 (ApeMax … – Analytics Insight

In a market with many hoping for a bullish trajectory in the upcoming year, theres a growing interest in alternative options to Bitcoin and Ethereum. While these established giants may continue to shape the market, many crypto hunters are seeking more affordable and novel coins to diversify their portfolio.

Delving deeper into recent market trends and analysis, weve curated a list of noteworthy altcoins, exploring their innovative features and current standing from emerging contenders like ApeMax, introducing the revolutionary Boost-to-Earn staking model to projects like Sei and Celestia, addressing scalability concerns within the blockchain space.

Join us on a journey as we unveil the trending altcoins reshaping the blockchain landscape, offering insights into the standout innovations that could impact the market in 2024.

ApeMax (APEMAX): Launched in May 2023, ApeMax is a meme coin with unique utility features, accessible staking, and a community of over 10,000 holders.

Sei (SEI): The native token for the Sei blockchain, essential for gas fees, governance, and network resilience through staking.

Skale (SKALE): Addresses Ethereums scalability with parallel side chains for faster, cheaper transactions and modularity.

Manta Network (MANTA): Tackles Web3 scalability and privacy through interconnected blockchains on Ethereum and Polkadot.

Pyth Network (PYTH): Bridges traditional markets and blockchains, delivering real-time financial data to dApps with a unique first-party data sourcing model.

Launched in May 2023, ApeMax has gained traction as a meme coin with unique utility features. It boasts a unique Boost-to-Earn staking protocol allowing users to earn rewards, immediate token access for presale buyers, intriguing tokenomics for a fun staking experience, and a growing community of over 10,000 holders who have staked over 4.2 billion coins. ApeMax also challenges the norm in presales by eliminating lock-in periods and high minimums, allowing its users to have access to their tokens immediately after they join the presale. These features let the users in its platform utilize their tokens from the get-go. This combination of meme-appeal and utility has made ApeMax a noteworthy altcoin in the crypto space.

SEI is the native token powering the Sei blockchain network, specifically crafted to empower developers with a robust foundation for constructing efficient and secure decentralized exchanges. These versatile SEI tokens play a role in covering network gas fees, engaging in governance processes, and can be staked to enhance the overall network resilience.

SKALE tackles Ethereums scalability by offering parallel side chains for faster, cheaper transactions. Secured by Ethereums PoS, its modularity and zero gas fees make it ideal for building high-performance dApps.

4. Manta Network (MANTA)

Manta Network tackles Web3 scalability and privacy through two interconnected blockchains: a low-fee scaling solution on Ethereum and a privacy-focused identity chain on Polkadot. MANTA, with features like zero-knowledge proofs and non-intrusive compliance, allows developers to build high-performance dApps with enhanced user privacy

5. Pyth Network (PYTH)

Pyth Network bridges traditional markets and blockchains by delivering financial data to decentralized applications (dApps) in real time. Pyths first-party data sourcing model stands out, involving direct contributions from major market players like trading firms and exchanges.

Identifying the start of a bull run in any market, including crypto, is notoriously difficult because of market volatility and external factors. However, certain general observations may possibly suggest a shift towards price increases:

Since its launch in 2023, ApeMax has carved its niche within the meme coin realm. While its playful branding and astronaut mascot might suggest lighthearted fun, ApeMax has surprised many with its utility features, not seen in many meme coins. Here are some of its best features:

ApeMax has attracted a strong community of over 10,000 holders, with 9.4 billion tokens sold. The ongoing presale for ApeMax continues to attract interest.

Despite the recent market dip, the crypto markets energy has sparked speculation about the onset of an altcoin season. With many novel emerging altcoins innovating with new features and technologies, like ApeMax and Sei, many crypto fans are optimistic about the future of crypto.

However, the crypto market is volatile and as such, exercising caution and acknowledging the associated risks is crucial before engaging with any coin. It is important to always conduct independent research.

Its worth noting that ApeMax coins are unavailable in certain countries, including the US and Canada.

For those interested in acquiring ApeMax tokens, please refer to the official ApeMax website for a list of non-eligible countries to ensure compliance with restrictions.

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What Is The Best Altcoin To Buy Now? A Close Look At The Best Altcoins Before The Crypto Bull Run in 2024 (ApeMax ... - Analytics Insight

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