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Top Crypto Analyst Compares Investment Potentials Of Bitcoin (BTC) & Ethereum (ETH) – CoinGape

In the dynamic world of cryptocurrencies, ongoing discussions center around optimal investment choices among Bitcoin, Ethereum, and alternative coins. Notably, crypto analyst Michal van de Poppe, sharing insights on the X platform, explores the nuances of this market, highlighting the growing potential of altcoins amid the surging popularity of Bitcoin and Ethereum.

So, lets unravel the insights into altcoin investments, the contrasting trajectories of Bitcoin and Ethereum, and the strategic considerations for navigating the crypto space.

The popular cryptocurrency analyst Michal van de Poppes analysis sheds light on the cyclical nature of crypto markets, emphasizing the recent resurgence in hype and sentiment. Notable performers like Solana and Injective have demonstrated remarkable surges, raising the question of whether altcoins remain a viable investment.

Meanwhile, Van de Poppe acknowledges the markets ebb and flow, where specific segments outshine others due to ongoing rotations. Highlighting the success of the Solana ecosystem and its memecoin rallying by over 50x, the analyst cautions against blindly following coins hyped on social media.

In addition, he advises investors to scrutinize potential returns and risks, emphasizing the diminishing upside and increased volatility of projects that have already experienced substantial gains. The key takeaway is the importance of critical thinking and a discerning approach in a market often fueled by hype.

Also Read: Bitcoin, Ethereum Drop While ORDI Shines In Crypto Market

Van de Poppes analysis extends to the perennial debate between Bitcoin and Ethereum, exploring the recent success of Bitcoin price with an 80% return in eight weeks. However, as the momentum slows during the holiday week, questions arise about whether Bitcoin can sustain further upward trends.

Notably, he also mentioned that the upcoming and much-anticipated Bitcoin Spot ETF might help BTC to keep the upward momentum in the coming days. In addition, the analyst suggests a potential shift towards Ethereum, which, despite recent challenges, is poised for growth with a Bitcoin Spot ETF expected in 2024.

Meanwhile, the contrasting trajectories of Bitcoin and Ethereum highlight the nuanced decision-making required in the crypto space. While Bitcoin may see a surge towards $50,000, Ethereums potential rally to $3,000-3,500 appears a more reasonable approach, considering its correction against the BTC pair, he suggested.

In essence, Michal van de Poppes insights underscore the importance of diversification, critical evaluation, and a forward-thinking mindset in navigating the ever-dynamic crypto market. As the industry evolves, strategic decisions that go beyond fleeting hype become paramount for sustainable and profitable investments.

Also Read: Bitwise Holds Edge Over BlackRock With 20x Seed Fund

Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor and crypto journalist at Coingape, Rupam's expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam's journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Santa Rally Race, Experts Discuss AltCoin Tipped To Outperform Decentraland (MANA), Sandbox (SAND) And … – The Crypto Basic

The holiday is here, and Santa hasnt stopped giving out promising crypto gems. While discussing promising altcoins, experts tip Pullix (PLX), an emerging TradFi token, to perform better than Decentraland (MANA), The Sandbox (SAND), and Avalanche (AVAX) by Q1 2024.

In this post, we will explain why Pullix is positioned as the best cryptocurrency investment ahead of the anticipated bull market in 2024. Lets get started.

Decentraland (MANA) has been able to carve out a niche in the crypto space: the metaverse and gaming. However, given its current momentum and little upside potential due to its large market cap, investors are opting for more promising cryptocurrencies.

Nevertheless, some remain optimistic. According to an enthusiasts Decentraland price prediction, Mana is getting ready to fly. Despite this, its growth potential will pale in comparison to emerging, solid cryptocurrencies.

At the time of this writing, Decentraland MANA is trading above $0.55. While it will see positive price action in the future, it isnt the best cryptocurrency investment.

The most significant gains are often made in emerging solid projects. If you are wondering why, it is simply due to their massive upside potential. Standing head and shoulders above the new ICOs on the market is Pullix (PLX), a ground-breaking project.

It combines the best of centralized and decentralized exchanges, which will see it become a unified trading platform. At the same time, it will solve the most pressing issues in the DeFi (decentralized finance) world, particularly trading. Hence, its hybrid approach to trading will make it a secure and user-friendly platform, setting it apart in the DeFi space.

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The main highlight of the ecosystem will be the exchange platform. It will allow users to trade assets using margin. It will also have a range of advanced institutional trading tools, which will be powered by OpenAI. Further, traders can copy trades made by profitable traders as well as enjoy better order execution.

Additionally, users can participate in yield farming, staking, and liquidity provision. Other features will be its perpetual futures, CFDs, a lending protocol for passive income, DeFi and NFT launchpad, and a vault for secure crypto storage. With more to be enjoyed, the Pullix ecosystem is where to be.

The presale has flown through four of its eight stages in less than a month. Now reaching stage 5 a PLX token costs only $0.07 ahead of the increase of $0.12 prior to launch. It has been tipped as a potential blue-chip token and one of the top altcoin gainers in 2024.

The Sandbox (SAND) is another big name in the metaverse niche within the crypto ecosystem. It stands out for its unique offerings, which have seen it gather a dedicated following.

But is The Sandbox crypto the best coin investment out there? The Sandbox price prediction by Cryptonews.com tips it to reach a new all-time high following its impressive December.

With days left before 2024, perhaps The Sandbox is one of the altcoins to watch for significant gains. It is trading at $0.6 and has substantial room for growth considering its all-time high of $8.4.

You cant mention the markets top altcoins without listing Avalanche (AVAX). Besides the critical role it plays as a layer-1 blockchain, it is also a top-10 cryptocurrency.

Given the above, investors seeking staggering gains have been overlooking Avalanche crypto. If you are still wondering why, it is simply because of its little upside potential.

However, according to a very bullish Avalanche crypto price prediction made on X by Crypto Voodoo, it will reach $500 between 2024 and 2025. At the time of this writing, Avalanches price is below $50.

According to experts, instead of holding well-established cryptocurrencies like The Sandbox, Decentraland, or Avalanche, a more promising option is Pullix. It stands out for its unique contribution to the crypto scenea hybrid trading platform. Poised to skyrocket 50x upon launch, it is one of the best coins to invest in.

For more information regarding Pullixs presale see links below:

Visit Pullix

Join The Pullix Communities

Follow Us on Twitter and Facebook.

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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Santa Rally Race, Experts Discuss AltCoin Tipped To Outperform Decentraland (MANA), Sandbox (SAND) And ... - The Crypto Basic

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Why Altcoins Zoomed Higher Again This Week – The Motley Fool

Are the prices of altcoins ever going to obey gravity? An investor could be forgiven for thinking they'll continue to rocket into space indefinitely, as the long rally in their prices got even longer this week. While not every altcoin enjoyed such a rocket ride, more than a few ballooned in price.

For example, according to data compiled by S&P Global Market Intelligence, BNBsaw a double-digit gain rising by 16% over the period. Ditto for multiverse digital currency MultiversXand transaction bundling-chain Optimism'stoken, both of which advanced by the same percentage. A near double-digit gainer was Theta Network, with its nearly 10% increase.

Numerous factors were behind the continued rise of altcoins, but perhaps the most significant one is reallocation. Data crunched by crypto-trading analysis platform developer Coinalyze from January 2022 to the present revealed sharp gains in open interest (the number of trades that have not yet been closed) for altcoins, with a corresponding drop in that for the original and most popular crypto, Bitcoin (BTC 0.70%).

Compounding this, Bitcoin's price saw a bit of a jump mid-week. One of the coin's most prominent bulls, MicroStrategy (MSTR -5.43%) co-founder and board chairman Michael Saylor, announced that his company had made the latest in a series of big Bitcoin investments. This one totaled almost $616 million, more than enough outlay to push almost any asset's price higher.

As often happens with assets hit with a sudden and substantial event, Saylor's piece of news was a sugar high that couldn't last. Following this, investors took profits, and the Bitcoin price subsequently retreated. That only made altcoins more attractive for many investors, and the rally continued.

Of course, no cryptocurrency would be popular if the macroeconomic environment was unfavorable. The latest inflation figures released by not only our government but also those abroad -- we're looking at you, U.K. -- seem to indicate that price rises are cooling. This makes the long-hoped-for interest rate cuts more likely in the new year, and lower rates tend to inspire the market to chase riskier investments -- like cryptos.

This rally has quite a long tail by now, though, so investors must be cautious in this current environment. That is especially true for the more obscure and volatile altcoins, more than a few of which anchor blockchains with little to no practical value (meme coins, anyone?). Now is the time to be careful, not casually greedy.

Eric Volkman has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool recommends Theta Token. The Motley Fool has a disclosure policy.

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New Whales Suddenly Accumulate Chainlink (LINK) and One Additional Ethereum-Based Altcoin: Lookonchain – The Daily Hodl

Deep-pocketed investors are suddenly scooping up massive amounts of Chainlink (LINK) and one other Ethereum (ETH)-based altcoin, according to on-chain data.

The blockchain data tracker Lookonchain noticed that newly created crypto whale wallets were accumulating two digital assets Wednesday using the top global crypto exchange Binance.

One crypto whale scooped up more than $4 million worth of decentralized finance (DeFi) protocol Maker (MKR), according to Lookonchain.

Fresh whale wallets are accumulating MKR and LINK today.

0xE68E withdrew 3,150 MKR ($4.55M) from Binance [Wednesday].

Maker is trading for $1,489 at time of writing, up 4.8% in the last 24 hours.

Lookonchain says another whale is accumulating large amounts of decentralized oracle provider Chainlink, having loaded up more than $2 million worth of LINK Wednesday, on top of the nearly $5.8 million the whale bought 10 days prior.

0x8eAD withdrew 136,146 LINK($2.05M) from Binance [Wednesday] and has withdrawn 384,006 LINK ($5.79M) from Binance in the past 10 days.

Chainlink is trading for $16.40 at time of writing, up 9.4% in the last 24 hours.

Lookonchain also noticed that one crypto whale made enormous profits trading decentralized finance (DeFi) lending protocol Aave (AAVE).

In 3.6 years, this early AAVE buyer turned $500,000 into $13 million, making $12.5M (25x)! He sold 30,000 AAVE($3.01M) via Cumberland to take profits [Tuesday] and has 100,000 AAVE($10M) left. He spent 500,000 USDC to buy 12.5M LEND at $0.04 on May 6, 2020 (migrated to 12,500 AAVE).

Aave is trading for $109.50 at time of writing, up 6.6% in the last 24 hours.

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New Whales Suddenly Accumulate Chainlink (LINK) and One Additional Ethereum-Based Altcoin: Lookonchain - The Daily Hodl

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Ethereum falls as Cosmos rises; Arweave and InQubeta lead altcoin rally – crypto.news

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

Ethereums recent dip to $2.2k has caused a downturn in its ecosystem. Cosmos, on the other hand, has demonstrated resilience and innovation, attracting investors. Amidst this, Arweave and InQubeta (QUBE) have emerged as front-runners, leading the altcoin rally.

InQubeta, a new defi project, has raised over $7.6 million in its presale. It aims to pioneer a seamless investment process using QUBE and an NFT marketplace. Arweave, another altcoin, is also gaining traction.

This article explores Ethereums decline and the factors propelling Arweave and InQubetas success.

InQubetaenables fractional investment in AI startups using QUBE.

It aims to establish an open and fair investment ecosystem.

This goal supports the development and success of AI technology startups.

InQubeta, through its deflationary ERC-20 token, QUBE, can provide an opportunity for investors seeking diversified portfolios.

The tokens deflationary nature, with 2% of buy and sell taxes directed to a burning wallet and 5% of sell taxes contributing to a reward pool, can also draw users seeking staking rewards.

InQubeta has an NFT marketplace, facilitating investment in AI technology startups. By listing investment NFTs on the platform, startups can access a wider audience and gain guidance from experienced industry professionals.

To ensure market stability and sustainability, InQubeta implements a 12-week vesting period for QUBE.

This controlled release of new tokens prioritizes trust and confidence among investors, maintaining QUBE prices and reinforcing InQubetas position among altcoins.

Cosmos is competing with Ethereum.

Despite a bearish market, ATOM is up 25%, reaching a yearly high of $25.

Traders expect ATOM to break above $12.9 if buyers keep the price above $11, a crucial support level.

Ethereum plays a crucial role in decentralized finance.

On Dec. 27, ETH fell to $2.2k as the markets contracted.

Experts attribute the ETH downturn to increased investor caution ahead of significant economic events, such as the customer price listing (CPI) and the Federal Reserves last meeting of 2023.

Arewave addresses the challenge of storing data over time by offering a secure method to store information on the blockchain permanently.

The Permaweb, a collaborative and distributed web framework, powers Arweaves innovation.

Unlike traditional models, investors can actively participate and benefit from the AR ecosystem.

This collaboration ensures robust data storage, positioning Arweave as a safe space for users.

As ETH cools off, Cosmos continues to gain attention. Meanwhile, Arweave and InQubeta are gaining prominence because of their innovation.

InQubetas focus on a fair investment ecosystem highlights its dedication to the growth of AI technology startups. In the ongoing presale, investors can buy QUBE using ETH, Bitcoin (BTC), USDT, and other coins supported.

Visit InQubeta presale

Join the InQubeta communities

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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Analyst Predicts 200% Rally for Ethereum Competitor, Says One Low-Cap Altcoin Showing Signs of a Breakout – The Daily Hodl

A closely followed crypto analyst believes that one Ethereum (ETH) challenger is gearing up for a breakout rally on the way to printing gains of about 200%.

Trader Ali Martinez tells his 37,800 followers on the social media platform X that the smart contract platform Fantom (FTM) appears to be forming a large bullish reversal pattern on the weekly chart.

According to Martinez, a move above the patterns resistance will trigger a rally that can send the altcoin to a level last seen in April 2022.

Fantom appears to form a W pattern on its weekly chart. If FTM sustains a weekly close above $0.57, it will confirm this bullish formation and march toward $1.60!

At time of writing, FTM is trading for $0.532.

The trader is also closely following the price action of the iris biometric cryptocurrency project Worldcoin (WLD). According to the analyst, WLD is now trading above the diagonal resistance of a bullish continuation pattern.

Worldcoin shows signs of a breakout from a bull flag on its four-hour chart! If confirmed, this could pave the way for WLD to enter an 80% rally, targeting $6.30.

At time of writing, WLD is trading at $3.67, down over 5% in the last 24 hours but still above the analysts diagonal resistance.

Looking at the blockchain-based gaming ecosystem The Sandbox (SAND), the analyst thinks that the altcoin is poised to move higher after moving a resistance level based on the number of wallets holding SAND at key price levels.

The Sandbox above $0.55 presents a bullish opportunity! With a clear path ahead and no major resistance, SAND could aim higher. The next critical resistance wall is between $0.90 and $1.35, where 23,000 addresses hold 447 million SAND.

At time of writing, SAND is worth $0.61.

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Analyst Predicts 200% Rally for Ethereum Competitor, Says One Low-Cap Altcoin Showing Signs of a Breakout - The Daily Hodl

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Decentralized Exchange Altcoin Soars Nearly 70% in a Week Amid Massive Support for Proposed Cuts in Token Supply – The Daily Hodl

One decentralized exchange (DEX) platform is skyrocketing as its community shows overwhelming support for its proposed supply cut of tokens.

In a new proposal, over 97% of the community members of decentralized crypto exchange PancakeSwap (CAKE) voted to lower the digital assets token supply to a maximum cap of 450 million.

Now that CAKE has achieved consistent deflation for several months and is focusing on accelerating our journey to ultrasound CAKE, this proposal aims to reduce the CAKE tokens total supply to a maximum cap of 450 million CAKE.

With a current total supply of 388 million CAKE, the Kitchen believes this new and lower cap will be sufficient to gain market share across all chains and sustain the veCAKE model.

According to the protocol, the supply cut will shift Pancake Swap away from being an inflationary model while still preserving its future growth.

Total supply is an important metric when understanding the impact of token burns and future emissions. Lowering this number is a critical step to achieve ultrasound CAKE and enables us to send a clear signal of PancakeSwaps pivot away from a hyperinflationary tokenomics model.

450 million CAKE is a reasonable new cap as it ensures sufficient supply for future growth (e.g., gaining market share on Ethereum, Ethereum L2s (layer-2s), and new initiatives like position managers).

CAKE is trading for $3.76 at time of writing, an 8.81% gain during the last 24 hours and about a 70% raise since its price of $2.20 on December 21st.

Featured Image: Shutterstock/Lyudmyla Ishchenko/S-Design1689/Sensvector

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Trader Predicts Nearly 200% Surge for Under-the-Radar Altcoin, Says 2024 Is Going To Be Insane for Crypto – The Daily Hodl

A widely followed cryptocurrency analyst and trader is predicting that one under-the-radar altcoin will nearly triple in value.

The analyst pseudonymously known as Kaleo tells his 612,400 followers on the social media platform X that scaling platform Celer Network (CELR) could break out from an enduring accumulation phase.

The DOT (Polkadot) ecosystem is ripping across the board. Grabbed a bag of CELR to get some exposure. Looking for a squeeze out of this base range its been accumulating in since spring of 2022, similar to the move it had in early 2021.

Looking at his chart, the trader suggests that CELR could soon soar to around $0.0700.

CELR is trading for $0.02336 at time of writing, down nearly 1% in the last 24 hours.

As for the entire crypto market, Kaleo is predicting bullish 2024 for the asset class as Bitcoins (BTC) strong rally this year appears to have inspired the strong performance of many altcoins as of late.

Solana [above] $100.

Avalanche approaching $50.

Bitcoin approaching $50,000.

Alts starting to move again across the board.

Memecoins printing.

NFTs (non-fungible tokens) waking up.

And its still four months until the [Bitcoin] halving.

Holy sh*t 2024 is going to be insane.

The halving, which slashes BTC miners rewards in half, is slated for April 2024.

The trader also predicts an imminent move to the upside for decentralized oracle provider Chainlink (LINK) after a period of consolidation.

LINK is overdue for another leg up.

Chainlink is trading for $15.66 at time of writing, up 1.8% in the last 24 hours.

Lastly, the trader predicts that the decentralized exchange protocol THORChain (RUNE) will soar past $8.

RUNE is finally waking up.

RUNE is trading for $5.74 at time of writing, down over 5% in the last 24 hours but still above the traders diagonal resistance.

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Trader Predicts Nearly 200% Surge for Under-the-Radar Altcoin, Says 2024 Is Going To Be Insane for Crypto - The Daily Hodl

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Why Solanas BONK Arises as Top Gainer Amid Altcoin Cooldown – DailyCoin

Solanas most popular memecurrency, Bonk (BONK), faces a price trend reversal after a phased market correction, which has sent it down 46% in the last two weeks. However, BONK is on the up again, as the daily upswing of 24% puts the dog-themed coin at the top of the gainer list.

BONK soared past the key resistance at $0.000015, previously analyzed by veteran crypto traders as the make-or-break area. At press time, BONK trades at $0.00001644, according to CoinGecko. Following BONKs rollercoaster ride after being listed on top crypto exchanges Coinbase and Binance, the token inked 263.5% monthly gains.

The resurgence of BONK, which was released on Christmas Day 2022, has been one of a kind.

After a monumental 3,000% run in early January 2023, BONK quickly faded from mainstream crypto talk and nearly fell out of the TOP 1,000 by global market capitalization. Then, from trading at eight million total market capitalization in October, the token quickly scooped $2 billion market capitalization upon Solanas revival. While its true that the $2 billion all-time high was cut in half in just three days, BONKs revival points to a couple of on-chain factors hinting that the memecoin is here to stay.

Firstly, BONK has garnered a strong presence in major exchanges. For instance, BONKs Coinbase trading has topped Dogecoin (DOGE) and Shiba Inu (SHIB) in trading volume on the top American crypto platform. BONK also overtook popular altcoins like XRP and ADA with $69,609,592 trading volume today, encompassing 2.57% of Coinbases total daily trading volume.

Secondly, the inclusiveness of BONK in Solanas community has been mutually beneficial. Solanas SAGA Web3 phones flew off the shelves in the United States amid BONKs run to TOP 50 by global market cap. The phone was resold at ten times its original price, and SOL embarked on a yearly high of $123 on Boxing Day.

Memecoins can spread awareness about crypto adoption and blockchain technology, as memecurrencies appeal to the public and are often used to strengthen crypto communities.

Discover DailyCoins latest cryptocurrency news:Catalyx Halts Trading and Withdrawals, Claims Employee BreachTrump Sells $2.5M ETH Upon Disappointing Mugshot NFT Sales

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Why Solanas BONK Arises as Top Gainer Amid Altcoin Cooldown - DailyCoin

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Trader Says Altcoin Market Cap Could Move Higher After Flashing This Signal, Updates Outlook on Cardano and Near – The Daily Hodl

A popular crypto trader thinks the altcoin market cap could be primed to move higher.

The pseudonymous analyst known as Rekt Capital shares chart with his 379,200 followers on the social media platform X that examines the market cap of all crypto projects excluding the top 10 assets.

The trader notes that altcoin market cap has historically increased considerably when it performed a retest of an area he circled around $182.86 billion. The altcoin market cap has just recently passed through that area.

In terms of specific crypto assets, Rekt Capital notes that Ethereum (ETH) challenger Cardano (ADA) is attempting to break out from its short-lived re-accumulation range at recent highs.

The analyst says a confirmed breakout means ADA is primed to surge to $0.72. The 8th-ranked crypto asset by market cap is trading at $0.61 at time of writing and is down more than 2% in the past 24 hours.

Rekt Capital also says gains could be on the horizon for fellow Ethereum competitor NEAR Protocol (NEAR).

Almost +150% since breaking out from its main pattern. NEAR could rally to $6 if its able to reclaim this blue $4.36 level as support before the end of December.

NEAR is trading at $4.31 at time of writing. The 24th-ranked crypto asset by market cap is up almost 5% in the past 24 hours.

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Trader Says Altcoin Market Cap Could Move Higher After Flashing This Signal, Updates Outlook on Cardano and Near - The Daily Hodl

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