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Altcoins

5 Altcoins to Buy Before Reaching a $1 Billion Market Valuation

TokenTalk Staff

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2 Altcoins to Hold for Potential 100X Return After Bitcoin Halving

THE cryptocurrency the market is full of potential giants that have yet to reach a billion-dollar valuation. Among these, the main ones are the Ordi token (ORDI), Orion (ORN), the DeXe protocol (DEXE), Synthetix (SNX) and the Mina protocol (MINA). Each Altcoin to buy stands out for its innovative solutions and strong community support, positioning it as a lucrative investment for future gains.

1. Ordi Token (ORDI) Leads Altcoins to Buy in May

The Ordi platform has recently gained attention due to its innovative use of the Ordinals protocol, which integrates data directly into Bitcoin’s smallest denomination, satoshi. By leveraging the vast pool of 2.1 trillion satoshis, Ordi enables significant data storage capabilities on the Bitcoin blockchain itself without the need for an additional token or changing the fundamental structure of the blockchain.

ORDI price table

Over the past year, the Ordi (ORDI) token has seen a substantial rise of 32%, with its price reaching $33.90. Just in the last 24 hours, ORDI price Irose 4%, pushing its market capitalization to an impressive $712 million, according to CoinMarketCap. This growth highlights the growing interest and confidence in Ordi, suggesting that its market value could soon reach $1 billion.

2. Orion (ORN)

The Orion platform merges the capabilities of decentralized finance (DeFi) trading products, providing users with instant access to centralized and decentralized exchange liquidity. This integration ensures that users consistently receive the best prices for their assets, providing a trading experience similar to a non-custodial decentralized exchange (DEX) but with superior liquidity options.

From now on, Orion Price stands at $1.32, reflecting a 4.09% decline over the past 24 hours. It is ranked 622nd on CoinMarketCap, with a market capitalization of $44 million. Orion has a circulating supply of 34 million ORN coins up from a maximum of 100 million. Over the past year, its value has soared over 53%, positioning it as a promising altcoin with the potential to reach a market value of $1 billion.

3. DeXe Protocol (DEXE)

The DeXe protocol provides a revolutionary framework for establishing and managing decentralized autonomous organizations (DAOs) in a fair and merit-based manner. This protocol aims to accelerate the development of the DAO while ensuring sustainable growth through active and expert participation.

The governing body of this protocol, the DeXe DAO, uses the $DEXE token for governance purposes. Currently the price of $DEXE rose to $11.87, marking a 5.43% increase over the past day. With a market capitalization of $433 million, DeXe ranks 141st on CoinMarketCap.

4. Synthetix (SNX)

Synthetix (SNX) is at the forefront of a decentralized protocol that facilitates the provision of liquidity. This service is vital to many protocols on the Optimism and Ethereum networks. With its combination of robust liquidity and minimal transaction fees, it serves as an essential public service.

Meanwhile, Infinex announced its official launch on May 13. Warwick shared this news today at the ETH Global conference in Sydney, Australia. Synthetix Price currently stands at $2.59, an increase of over 2% in the last 24 hours. It occupies the 92nd position on CoinMarketCap, with a market capitalization of $850 billion.

5. Mina Protocol (MINA)

Mina Protocol is recognized as the smallest “succinct blockchain” in the world. This design significantly reduces the computational demands needed to run decentralized applications (DApps). Despite its compact size, it maintains a balance between security and decentralization.

Mina Price Chart

Currently, Mina’s price is $0.7797, reflecting an increase of 2.77% over the past day. Its market capitalization is $854 million, which places it 91st in the world. CoinMarketCap. Over the past year, Mina has seen its price increase by 23%, positioning it as a promising altcoin on the verge of reaching a billion-dollar market valuation.

Conclusion

With their unique offerings and community support, ORDI, ORN, DEXE, SNX and MINA represent promising investment opportunities. These altcoins show potential to reach valuations above $1 billion in May or in the following months. Adding these altcoins to buy in crypto wallets in May could increase the chances of wallets growing to unprecedented levels in 2024.

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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

Shiba Inu Eyes Recovery, Analyst Eyes Rise to $0.0001

TokenTalk Staff

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Shiba Inu Eyes Recovery, Analyst Eyes Rise to $0.0001

Shiba Inu (SHIB) is currently eyeing a recovery surge as it slides into the oversold region, with one market analyst predicting an imminent rise to $0.0001.

The recent market bloodbath claimed many lives, and Shiba Inu was one of them. In particular, the Crypto Basic confirmed that the turmoil, which analyst Mike Deutscher attributed to “altcoin dispersion,” led to a loss of $137 billion in the combined market capitalization of the top 125 altcoins in two weeks.

Specifically, Shiba Inu lost $4.21 billion in valuation during this period, as its market cap fell to $10 billion. This is due to a fall from a high of $0.00002633 on June 5 to the current value of $0.00001820, representing a massive collapse of 31% in just two weeks.

Shiba Inu now extremely oversold

Although this decline has left many investors in a losing position, some technical indicators have slipped into bullish regions. For example, the Shiba Inu Relative Strength Index (RSI) has since fallen to an all-time low of 15, according to the market. data from CryptoQuant.

Shiba Inu RSI oversold CryptoQuantShiba Inu RSI oversold | CryptoQuant

This extremely low value indicates that SHIB is significantly oversold. This low RSI value suggests that selling pressure is very high and Shiba Inu may be undervalued. The current position of the RSI is generally interpreted as a potential buying opportunity, with market analysts expecting a price reversal or rebound soon.

With Shiba Inu Eyeing a recovery from recent lows, market participants are increasing their holdings in anticipation. Santiment data shows that small investors holding between 100,000 and 1 million tokens purchased 2 billion SHIB this month, while large whales holding at least 1 trillion SHIB accumulated nearly 500 billion tokens .

Shiba Inu addresses Santiment 4Shiba Inu addresses Santiment 4Shiba Inu Addresses | Feeling

An imminent recovery

Interestingly, market analyst Sam_TCR predicted this rally in a previous TradingView. analysis. The analysis was carried out when Shiba Inu had not fallen to this level, trading at $0.000022. With SHIB now below the $0.00002 level, the analyst’s projection of a resistance point at $0.00002320 remains valid.

According to him, if Shiba Inu manages to cross the $0.00002320 level, its next resistance will be at $0.00002550. He predicted that a push above the $0.00002550 roadblock would pave the way for an imminent rally towards the coveted $0.0001 price. Michael, another analyst, also waits a rally to the $0.0001 level.

Meanwhile, at its current price of $0.00001820, SHIB faces more formidable resistance on the way to $0.0001. The token must first break through the psychological $0.00002 level before using it as a launchpad for significant upside.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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Altcoins

Arthur Hayes Doubles Down on Dogecoin (DOGE) and One DeFi Altcoin Amid Crypto Downturn

TokenTalk Staff

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Arthur Hayes Doubles Down on Dogecoin (DOGE) and One DeFi Altcoin Amid Crypto Downturn

BitMEX Co-Founder Arthur Hayes Increases His Bullish Sentiment on Dogecoin (DOGE) and Pendle (PENDLE) despite the sudden slowdown in crypto.

Hayes tell its 524,900 followers on social media platform

“I love this choppy downward trend in shitcoin prices. I add PENDLE and DOGE to my bags.

DOGE is trading at $0.12 at the time of writing, up more than 2% in the last 24 hours. Meanwhile, PENDLE is trading at $5.65 at the time of writing, up almost 13% on the day.

Hayes, who is also an advisor to the Pendle project, was recently spotted will lock $8.4 million worth of PENDLE tokens until September 5 this year.

PENDLE, the platform’s native token, can be used to earn rewards by those who provide liquidity to the protocol. The PENDLE token lock can last up to two years and allows users to vote on governance proposals while earning 3% of all yield accrued by its Yield Bearing Tokens (YT).

Another project that Hayes said he is optimistic about is Ethereum (ETH) competitor Aptos (APT). Hayes predicted that the Aptos layer 1 (L1) smart contract blockchain will surpass Solana (GROUND) this market cycle in one to three years.

Aptos is trading at $6.81 at the time of writing, up more than 2% in the last 24 hours.

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Altcoins

The ALTcoin market has an incomplete impulse cycle

TokenTalk Staff

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The ALTcoin market has an incomplete impulse cycle

https://news.google.com/./articles/CBMiXWh0dHBzOi8vd3d3LmJhcmNoYXJ0LmNvbS9zdG9yeS9uZXdzLzI2OTM3NDcyL2FsdGNvaW4tbWFya2V0LWhhcy1hbi1pbmNvbXBsZXRlLWltcHVsc2l2ZS1je WNsZdIBAA?hl=en-US&gl=US&ceid=US%3Aen

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Is the crypto market ready to explode?

TokenTalk Staff

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Is the crypto market ready to explode?

The price of Bitcoin seems to have found its footing and is starting to rise again after a recent decline. Crypto trading expert Michael van de Poppe is among those supporting the argument that Bitcoin has reached its lowest point and is now on an upward trajectory. This change also has a positive impact on other cryptocurrencies.

Here’s an overview of current trends in the cryptocurrency market!

Recent Bitcoin Performance

Nowadays, Bitcoin is trading at $66,155. Recently, its price has been fluctuating between $63,000 and $65,000, indicating that it may have reached its lowest level. According to Michael van de Poppe, this range likely marked the lowest point for Bitcoin, which is now expected to rise further.

Bitcoin Market Indicators

The 1-day candlestick chart for Bitcoin/USD now shows a large green candle, signaling bullish momentum for Bitcoin. This is a positive sign that the price of Bitcoin is starting to rise from its recent low.

Impact on Altcoins

As the price of Bitcoin increases, other cryptocurrencies also see their performance improve. On June 6, 2024, the altcoin market capitalization peaked at $1.39 trillion. Today, June 20, 2024, it stands at $1.21 trillion, which is an improvement from yesterday’s $1.18 trillion. This suggests a recovery in the altcoin market alongside the resurgence of Bitcoin.

Bitcoin Dominance and Recent Movements

The dominance of Bitcoin The value is currently at 51.8%, close to its 6-month high of 52.47% reached on June 18, 2024. Earlier this month, on June 5, the price of Bitcoin was above $71,000. Since then, it has continued to decline, with a current opening price of around $64,915. Over the past 30 days, the price of Bitcoin has fallen by 6.9%. Over the last 7 days it has changed by -2.5%, but over the last 24 hours it has increased by 1.4%.

In conclusion, the fall in the price of Bitcoin seems to have stopped and it is now starting to rise again. This upward trend is also benefiting other cryptocurrencies, suggesting a positive change in overall market sentiment. The recovery in altcoin market capitalization further underlines this optimistic outlook.

Bitcoin’s rebound could signal a further surge in the crypto market, pointing to a more optimistic future for cryptocurrency traders and investors.

Read also: MicroStrategy Completes $800 Million Convertible Note Offering, Acquires 11.9K Bitcoin for $786 Million

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Copyright © 2024 TOKENTALK.TOP. All rights reserved. This website provides educational content and highlights that investing involves risks. It is essential to conduct thorough research before investing and to be prepared to assume potential losses. Be sure to fully understand the risks involved before making investment decisions. Important: We do not provide financial or investment advice. All content is presented for educational purposes only.