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Altcoins

4 Analysts Predict Altcoins Poised for an Explosive Bull Run

TokenTalk Staff

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Analysts Claim Altcoins Reached Market Bottom, Ready for New Bull Run

Prominent technical analysts have said that altcoins have potentially bottomed out, setting them up for an impending bull run.

This sentiment echoes several expert opinions, suggesting a crucial shift in the cryptocurrency market.

Altcoins ready for a new Bull Run

Michaël van de Poppe, renowned technical analyst, asserted that the altcoins have hit bottom. He also revealed his current investment strategy, highlighting his preference for altcoins due to their attractive prices.

“I have moved towards altcoins and will look to return to Bitcoin later. Everything is so cheap”, Van de Poppe revealed.

Van de Poppe in particular Underlines altcoins like Optimism (OP), Chain link (LINK), Celestia (TIA), Woo (WOO) and Skale (SKL). He highlighted their potential to triple their value compared to Bitcoin with minimal risk.

Likewise, another technical analyst, Luke Martin concentrate on the strength of the Ethereum ecosystem compared to other sectors.

“This hasn’t happened in a while: the Ethereum ecosystem seems the strongest compared to almost every other crypto sector,” Martin remarked.

He highlighted pieces such as Optimism (OP), Arbitration (ARB) and Polygon (MATIC). These are currently receiving a lot of attention in the crypto market.

Learn more: What are the best Altcoins to invest in April 2024?

Altcoin Price Performance. Source: Trading View

Adding to the bullish outlook, Lark Davis commented on the unique opportunity presented by current market conditions. According to him, this drop in prices presents the best opportunity in recent months to acquire altcoins. He explained the current price levels as a strategic moment for investors to engage ahead of the anticipated bull run.

“Looking at current market conditions, I have to say this: there has been no better opportunity to accumulate altcoins over the past few months than this drop,” Davis said.

Meanwhile, veteran investor Raoul Pal provided a broader perspective on the cyclical nature of cryptocurrency markets, predicting a parabolic rally known as the “Banana Zone.” According to Pal, this phase is expected to kick off with Crypto Summer, leading to a mania phase in the fall.

Learn more: 11 Cryptos to Add to Your Portfolio Ahead of Altcoin Season

“Crypto Summer is usually the start of [altcoin] season that becomes full of bubbles in the fall,” Pal explained.

He highlighted the importance of recognizing assets with compelling narratives and demonstrating substantial on-chain activity and scalability.

Parabolic rise of the crypto marketParabolic crypto market surge. Source: Global macro investor

As these analysts suggest, the market is preparing for a significant reversal. For investors, the key to taking advantage of this potential rise is to identify altcoins with strong fundamentals and strategic positioning.

Disclaimer

In accordance with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always do your own research and consult a professional before making any financial decision. Please note that our Terms and conditions, Privacy PolicyAnd Disclaimer have been updated.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Altcoins

Binance Updates Taker Fee Promotion for Altcoin Trading Pairs

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Binance Unveils Cristiano Ronaldo NFT Collection 'Forever Worldwide: The Road to Saudi Arabia'





Binance, one of the world’s leading cryptocurrency exchanges, has announced updates to its Taker Fee promotion for various spot and margin altcoin trading pairs. This change is expected to take effect from July 1, 2024 at 00:00 (UTC), according to Binance.

Updated promotion details

The updated promotion will affect the following trading pairs: PEPE/USDT, STRK/USDT, ENA/USDT, SUI/USDT, WIF/USDT, NEAR/USDT, OP/USDT, BONK/USDT, LTC/USDT, FET/ USDT, ORDI/USDT, BCH/USDT, W/USDT, ARB/USDT, LINK/USDT, TIA/USDT, ETC/USDT, APT/USDT, RNDR/USDT and WLD/USDT. Users trading these pairs will benefit from the taker’s promotional fees until the specified date.

Once the promotion ends, standard fees will apply. Interested traders are advised to check Binance information spot and margin trading fee structure for more information on fees applicable after the promotion.

Binance’s Commitment to Competitive Services

This update is part of Binance’s ongoing efforts to review and optimize its promotional offers, ensuring that users receive the most cost-effective and competitive services. Regular reviews and updates like these are essential to maintaining a strong trading environment that benefits both new and experienced traders.

Binance continues to emphasize the importance of user experience by providing timely updates and maintaining transparency in its pricing structures. Such initiatives are part of the exchange’s broader strategy to remain a leading choice for cryptocurrency trading worldwide.

Implications for traders

Traders using the affected altcoin pairs will need to adjust their strategies accordingly once the promotion ends. With the return to standard fees, it becomes essential for traders to stay informed and plan their trades in order to effectively manage costs.

Binance also reminded users of the inherent risks associated with trading digital assets. The exchange advises traders to consider their investment experience, financial situation and risk tolerance before making any trading decisions. Binance is not responsible for any losses incurred due to market volatility.

For more details on the updated Taker Fee promotion and other related announcements, users can visit the official Binance website.

Image source: Shutterstock

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Altcoins

Here’s When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

TokenTalk Staff

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Here's When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

A widely followed analyst reveals a possible timeline for altcoin markets to record new all-time highs.

In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that he’s taking a close look at the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.

According to Pizzino, TOTAL3 experienced a 26-month accumulation period during the last cycle, spanning from late 2018 to early 2021, before launching a parabolic surge.

Pizzino says TOTAL3 could reflect the same pattern in this cycle and could be a few months away from triggering a strong bullish surge.

“That would take us around February, so the first quarter [of 2025]. As you look at the fourth quarter of 2024 – the first quarter of 2025, I think that probably had a pretty good move to a new high price…

All this fear of a market decline would be forgotten in the fourth quarter. I’m going to put myself in danger here. »

Source: Jason Pizzino/YouTube

Looking at the trader’s chart, he seems to predict that the total altcoin market cap will fall to the 50% Fibonacci level, at around $400 billion, before sparking a recovery and hitting a new all-time high at -above $1 trillion by early next year.

At the time of writing, TOTAL3 is hovering at $597 billion.

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Altcoins

Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

TokenTalk Staff

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Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

Kitco NEWS has a diverse team of journalists who cover the economy, stock markets, commodities, cryptocurrencies, mining and metals accurately and objectively. Our goal is to help people make informed market decisions through in-depth reports, daily market summaries, interviews with leading industry figures, comprehensive (often exclusive) coverage of important industry events and analyzes of developments affecting the market.

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Altcoins

Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

TokenTalk Staff

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Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

An Analyst Who Accurately Called the 2022 Crypto Collapse Becomes Bullish on Solana (GROUND) and rendering (RNDR).

Analyst pseudonym Capo tell its 90,280 Telegram subscribers than Ethereum (ETH)-rival Solana and RNDR, the graphics processing unit (GPU) rendering blockchain, are likely in an uptrend.

“Added more to the long SOL and RNDR.”

Solana is trading at $133 at the time of writing, down almost 7% in the last 24 hours. Meanwhile, RNDR is trading at $7.17 at the time of writing, down 10% in the last 24 hours.

The analyst also monitors the OTHERS three-day chart, which tracks the total crypto market capitalization excluding the 10 largest digital assets and stablecoins, for signs of a rebound.

“Altcoins: the green zone is support but we should see a rebound soon. If green holds, then we should expect movement towards the red zones (T1 and T2). If green doesn’t hold, then blue. Judging by sentiment and indicators, I think the bullish scenario is more likely.

Source: Capo/Telegram

OTHERS is valued at $219.25 billion at the time of writing, down more than 7% in the last 24 hours.

Then the trader says that ETH against Bitcoin (BTC) could be preparing for an escape.

“ETH/BTC: This looks bullish.”

Source: Capo/Telegram

Looking at his chart, the analyst suggests that ETH/BTC could soon reach 0.065 BTC ($4,196). ETH/BTC is trading at 0.0532 BTC ($3,442) at the time of writing, up slightly over the past 24 hours.

Finally, the analyst claims that the bottom could be reached for the crypto market and predicts that a breakout is coming.

“The market has reached its lowest level again. BTC is holding above $65,000, but alts are suffering much more. It’s like that. Overall, it looks like local background training. Too negative sentiment and financing, filled offers and everything is very oversold. I still expect a strong rebound.

Bitcoin is trading at $64,661 at the time of writing, down 2.5% in the last 24 hours.

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