Altcoins
5 Top Altcoins Positioned for a Massive Rally Despite Market Uncertainty
The latest crypto market trend is unfavorable for many investors. Major altcoins are experiencing price drops that have caused investors to rethink their investment options. Despite the uncertainties in the altcoin space, there are still a few top altcoins to buy with a high chance of rising in the coming weeks. As such, now is the best opportunity to buy the dip. These top altcoins include KangaMoon, Ethereum, XRP, Optimism, and Maker. Regardless of market signals, these are the best altcoins to invest in today for short and long term gains.
KangaMoon (KANG) Expected to Surge 50x After Listing on Major Exchanges
The ongoing pre-sale of KangaMoon (KANG) is about to end and rumors regarding the listing of KANG tokens are already making waves in the market. Some analysts predict that the price of KANG will increase 50 times after its listing on major CEX exchanges in the coming weeks. This puts KangaMoon on our list of best altcoins to invest in for short and long term benefits.
Meanwhile, the KangaMoon presale is at stage 5 with the native token KANG selling for $0.0196. So far, more than 22,000 people have registered in the community, while more than 6,000 people have purchased the presale. This figure shows the wide acceptance of the project on the market. Additionally, early buyers have achieved investment returns of 290%, which could increase up to 700% post-launch.
The team raised $6 million in pre-sales, and that amount could reach $7 million before the end of the month. Thanks to KangaMoons’ partnership with RaidSharksbot for engagement, the ecosystem will see an increased influx of users in the coming weeks. Notably, users who join the exciting raid have a chance to win the monthly reward prize pool of $1,000.
KangaMoon, as a platform, will combine Play2Earn with the Social-fi model to develop a community for meme enthusiasts. Users can complete various challenges and win prizes. Those who win games are rewarded with virtual currency or rare in-game assets. With all these unique features, KangaMoon is set to revolutionize the meme industry, making it the best altcoin to buy right now.
Ethereum (ETH) planned for massive rallies
Ethereum is a decentralized blockchain and development platform. The Ethereum platform is designed to be secure, scalable and programmable. Although it is mainly intended to pay for work in the blockchain, the ETH token is used in the execution of decentralized smart contracts.
Over the past few weeks, Ethereum news has restored the confidence of token holders amid a market slowdown. With the Securities and Exchange Commission (SEC) expected to make a decision on applications for nine spot Ethereum ETFs later this month, Hong Kong has launched its first Ethereum ETF. The first day of trading saw a turnover of over $11 million, which is a positive development.
Leading crypto analysts believe that the approval of the Ethereum ETF will increase investors’ exposure to Ethereum, which could trigger more rallies for the Ether token. The performance of the Ethereum market in the first quarter was not bad. After opening the year at $2,200, Ethereum’s price surpassed $4,000 in March. With this positive news, some analysts believe that the ETH price will reach $5,000 in the coming weeks, making it one of the top altcoins to watch in the second quarter.
Ripple (XRP): the best open source crypto platform with low transaction fees
Ripple (XRP) is one of the leading altcoins used by many financial institutions around the world. The XRP coin allows all payments to be processed quickly on the Ripple network. Rather than using blockchain mining, Ripple uses a consensus mechanism. This involves transactions on the Ripple network being validated by a group of trusted validators rather than through staking or mining.
The main advantage of the Ripple network is the rapid settlement of all transactions. Most transactions are completed within 5 seconds on the network. Additionally, making payments on the XRP network costs only 0.00001, which is much lower than other blockchains.
As Ripple is engaged in a legal battle with the SEC, some analysts believe that the token will see massive rallies in the coming months as the case draws to a close. Ripple’s main goal is to provide cross-border payment solutions to banks and other financial institutions. With increased adoption of blockchain technology, Ripple will see more adoptions. Some predict that the price of Ripple could reach $1 by the end of the second quarter.
Optimism (OP): a unique L2 solution that guarantees simple and faster transactions
Optimism is a stable platform with excellent architecture that members benefit from. They are committed to creating a sustainable development ecosystem that promotes fair business. Transactions using the Optimism token are cheaper than many cryptocurrencies. Like Ethereum, Optimism works well with DeFi applications as well as NFT trading.
The OP token allows users to transact and trade on the ecosystem. As a key governance token, it allows token holders to vote on certain decisions regarding the future of Optimism. There are also rewards for members via the OP token. Users can stake the token to participate in various community activities.
In terms of market performance, Optimism saw a massive surge in the first quarter of 2024. Optimism price reached $4.7 during the first week of March before experiencing a retracement. Some analysts believe that the price of Optimism will increase in the coming weeks. As a layer 2 solution for Ethereum’s scalability issues, Optimism’s price could reach $10 in the coming weeks, making it one of the best altcoins to buy right now.
Maker (MKR): A Leading Smart Contracts Platform Solving Volatility Issues in the Altcoin Market
Maker (MKR) is a crypto platform that aims to solve market volatility. The platform enables simpler and faster online peer-to-peer transactions. The goal of the Maker project is to stabilize the DAI Stablecoin. It hopes to achieve this through smart contracts.
$MKR is important in the platform because it fulfills different roles. It is used as a utility token to pay for all transactions. Additionally, when fees are paid on the Maker ecosystem, some MKR is burned to make them more valuable. This burning mechanism is one of the unique features of the token. Token holders also have the right to vote on changes to the Maker protocol, with their voting power depending on the size of their stake in MKR.
Regarding market performance, annual price indicators are positive. After trading around $1,600 earlier in the year, Maker surpassed the $3,900 mark in early April for the first time since May 2021. Some analysts believe that with the current trajectory, Maker’s price will reach $4,000 before the end of the second quarter. This places it on the list of altcoins to watch during the month.
Final Thoughts
Even with the latest market turmoil, there are still a few top altcoins to buy that will mostly generate high returns in the future. The above altcoins are likely to generate huge profits in the future. Remember to do more research before investing.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://Kangamoon.com/
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Altcoins
Altcoins with huge potential Bonk and Mpeppe (MPEPE)
The cryptocurrency market is full of potential, and two altcoins that have recently caught the attention of investors are Bonk (BONK) and Mpeppe (MPEPE)Both of these tokens offer unique features and promising growth prospects that set them apart in the crowded altcoin space. In this article, we will explore what makes Bonk (BONK) and Mpeppe (MPEPE) attractive investment opportunities and how they could shape the future of the cryptocurrency market.
Bonk (BONK): The viral sensation
Bonk (BONK) burst onto the scene with a playful and viral take on cryptocurrency. Here’s a closer look at what’s made Bonk (BONK) a sure bet in the altcoin space.
The Viral Marketing Strategy
Bonk (BONK) Bonk has harnessed the power of internet memes and viral marketing to quickly gain popularity. Its branding, which features a humorous and engaging mascot, has resonated with the crypto community and beyond. By harnessing the viral nature of meme culture, Bonk (BONK) has quickly established a strong presence and captured the imagination of a wide audience.
Merging meme culture and blockchain innovation
Mpeppe (MPEPE) is emerging as a new and exciting player in the altcoin market. With its unique blend of features and innovative approach, Mpeppe (MPEPE) is attracting the attention of investors and cryptocurrency enthusiasts.
Mpeppe (MPEPE) combines the fun and relatable aspects of meme culture with advanced blockchain technology. Inspired by football and blockchain innovation, Mpeppe (MPEPE) offers a distinctive brand identity that appeals to a wide audience. This fusion of entertainment and technology sets Mpeppe (MPEPE) apart from other altcoins and offers an attractive investment opportunity.
Community impact
The strength of each cryptocurrency’s community will play a vital role in its future trajectory. Bonk (BONK) and Mpeppe (MPEPE) Cryptocurrencies build strong, engaged communities, but how they foster and grow those communities will determine their long-term success. Active, supportive communities can generate lasting interest and value, making them essential to the future of every cryptocurrency.
Conclusion: Invest in Bonk and Mpeppe
Bonk (BONK) and Mpeppe (MPEPE) represent exciting opportunities in the altcoin market. While Bonk (BONK) has established itself through its viral marketing and strong community support, Mpeppe (MPEPE) offers a unique blend of meme culture and advanced blockchain features. Both coins have the potential to make a significant impact in the cryptocurrency space.
For investors looking to explore high-potential altcoins, keeping an eye on Bonk (BONK) and Mpeppe (MPEPE) offers interesting opportunities. As the market evolves, these tokens could play a significant role in the future of cryptocurrencies, making them attractive options for those looking for growth and innovation in the altcoin space.
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Altcoins
Top 6 Altcoins Expected to EXPLODE Before 2025: Buy Now!
As we approach 2025, the cryptocurrency market is poised for a major shift. According to Austin, an analyst at Altcoin Daily, potential policy changes could trigger a major surge in altcoins. A potential change in the Federal Reserve’s policy rate in September could lead to substantial growth in the cryptocurrency market, benefiting Ethereum, Solana, and several promising new altcoins.
Here’s a look at some altcoins priced between $1 and $2 that could offer good returns during the current market downturn. Dive right in.
Top 6 Altcoins to Watch
Aethir: The Decentralized GPU Marketplace
Aethir is becoming a key player in decentralized cloud infrastructure for gaming and AI. With over $36 million in annual revenue, Aethir is meeting the growing demand for GPU computing from large tech companies like Google and Microsoft. By utilizing underutilized GPUs, Aethir is making a significant impact in the tech world. Current Price: $0.07176.
Ondo: The Best Bet in the RWA Sector
Ondo is transforming the way financial assets are tokenized with its real asset protocols. The ONDO token, used for Ondo DAO and Flux Finance, offers a 5.3% annual dividend in USDY. Despite a recent 35% price drop, ONDO’s price action suggests a potential breakout. With less selling pressure and an increase in off-exchange holdings, the outlook appears positive. Current price: $0.9251.
Lukso: Blockchain for Creators and Social Networks
Lukso is creating a unique blockchain focused on connecting creators, brands, and users. As an alternative to Ethereum, Lukso offers universal profiles and gasless transactions, making blockchain technology more accessible. With a strong vision and strong leadership, Lukso is poised for wider adoption. Current Price: $1.71.
AIT Protocol: Decentralized AI Data Annotation
The AIT protocol addresses the need for decentralization of work in AI data annotation. It connects human trainers with AI model owners through a decentralized marketplace, thereby improving AI models. Its growing adoption in Asia and strategic investments suggest that it could be a major disruptor in the AI space. Current price: $0.1169.
Foxy (Linea): A meme piece with level 2 potential
Foxy, a cryptocurrency associated with Linea’s Ethereum layer 2 scaling, has received support from ConsenSys. It stands out in Ethereum layer 2 due to its MetaMask integration and fast transactions. With Linea’s growing adoption and low transaction costs, Foxy is well-positioned for growth. Current price: $0.01116.
Off-grid: Emerging Altcoin in Video Gaming
Finally, Off The Grid, developed by Godzilla, is generating excitement in the crypto gaming sector. Although it has not yet launched, it has received positive feedback from industry experts, suggesting strong potential. Other infrastructure projects like Immutable and games such as Xers and Star Heroes are also worth considering for those interested in crypto gaming.
Who’s excited about the potential altcoin rally?
Altcoins
Bitcoin Dominance Hits 3-Year High: Is Altcoin Season Coming?
As Bitcoin dominance hits a three-year high of 56%, analysts are predicting the potential start of an altcoin season. Although Bitcoin’s current valuation has fallen below $63,600, the high dominance level suggests a significant shift in the market.
Experts point out that Bitcoin dominance is a key factor in predicting altcoin trends. If Bitcoin holds its price while its dominance declines, it could signal a flow of investment into altcoins. This triggers what many call an “altcoin season.”
Conversely, if Bitcoin price and dominance fall simultaneously, it usually indicates a broader market correction rather than an altcoin boom.
What Factors Suggest an Imminent Altcoin Season?
Markus Thielen of 10X Research noted that Bitcoin Price Tends to Stabilize in August. Therefore, a stable Bitcoin price, coupled with declining dominance, may create the ideal conditions for altcoins to thrive.
Learn more: Bitcoin Dominance Chart: What Is It and Why Does It Matter?
Bitcoin Domination. Source: TradingView
In addition, Ki Young Ju, founder of the chain analysis CryptoQuant platform has highlighted increasing activities by crypto whales that appear to be preparing for an altcoin rally.
“Limit buy order volume for altcoins, excluding Bitcoin and Ethereum, is increasing, indicating that strong buy walls are being put in place” said.
Ju explained that limit orders, which are preferred by institutions for large trades to minimize price impact, create “quote volume.” His analysis, which includes a graph of the 1-year normalized cumulative buy/sell volume difference, indicates that altcoins like Solana (SOL)Cosmos (ATOM) and Polygon (MATIC) experience significant accumulation activities.
“The indicator is calculated by taking the cumulative sum of the difference between the buy and sell quote volumes, using a one-year rolling window. If there is an upward trend, it means the buy volume of the quotes is increasing, indicating stronger buy walls,” Ju explained.
Normalized cumulative difference over 1 year between purchase and sale volumes. Source: CryptoQuant
This bullish sentiment is reflected in the trends following recent developments in crypto financial products. Crypto Vikings, a renowned analyst, suggests that current market conditions are conducive to altcoin season.
“Many alts are down 60-80% in the last couple of months, and many of them have already bottomed and are in a good buy zone. Bitcoin Domination is also facing major resistance relative to where the massive altcoin season began each cycle,” Crypto Vikings declared.
Sentiment is increasingly optimistic, as many believe that the disillusionment that follows periods of prolonged economic downturn opens the way to profitable investments.
Another trader, Mags, noted that altcoins are only up 58% after breaking a 525-day accumulation. Therefore, he predicts a possible continuation of the altcoin rally after a reaccumulation consolidation.
“Permanent bears will tell you that altcoins are done and in a distribution phase. But if you look at the chart, altcoins are only up 58% since they broke out after 525 days of accumulation. Do you really think a breakout after 525 days of consolidation will end after only a 58% move?” wrote on X (Twitter).
Learn more: 11 Cryptos to Add to Your Portfolio Before Altcoin Season
On the other hand, Brian Quinlivan, senior analyst at Santiment, told BeInCrypto that there is a lack of enthusiasm for the altcoin season due to the recent price drops.
“As far as mentions of altcoin season go, we’re not really seeing any significant enthusiasm from traders about it. Traders have at least been a little bit more vocal since we started seeing prices drop over the last three days,” Quinlivan told BeInCrypto.
Disclaimer
In accordance with the Trust Project This price analysis article is provided 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 conduct your own research and consult a professional before making any financial decisions. Please note that our Terms and conditions, Privacy PolicyAnd Disclaimer have been updated.
Altcoins
On-chain data confirms whales are preparing for altcoin surge with increased buy orders
Ki Young Ju, CEO of analytics platform CryptoQuant, believes whales are preparing for an upcoming surge in altcoins.
In a recent revelation about X, Ju underlines that the volume of limit buy orders for altcoins, excluding Bitcoin and Ethereum, is increasing. This pattern suggests the formation of substantial buy walls, highlighting significant buying pressure from large-scale investors.
Ju’s chart identifies two main phases in limit order volume for altcoins: the limit sell phase and the limit buy phase. The limit sell phase saw a notable increase in cumulative sell orders in 2022, demonstrating strong selling pressure from whales and other market participants. This phase coincided with a period of falling altcoin prices due to unfavorable market conditions.
Then, the limit buying phase began, marked by a significant increase in cumulative buy orders. This indicates a period of strategic accumulation where whales establish substantial buy walls.
According to Ju, the increase in buying volume suggests confidence in the future conditions of the altcoin market. This buying pressure creates strong support levels, indicating that whales are preparing for a positive change in the market.
Buying pressure on specific altcoins
Ju also provided a heatmap of the 1-year normalized cumulative buy/sell volume difference for various altcoins, showing the buying and selling pressure over time. Solana (SOL) has seen alternating strong buying and selling phases, with recent activity showing increased buying interest. Cosmos (ATOM) and Polygon (MATIC) have also shown increased buying pressure despite mixed activity trends.
Cardano (ADA) and PancakeSwap (CAKE) have shown balanced buying and selling phases, with recent trends proving increased buying pressure. Coins like AMP and ANKR have also demonstrated increased buying activity. The heatmap reveals that most altcoins are seeing increased buying pressure as whales and large investors accumulate altcoins in anticipation of a rally.
Meanwhile, coins experiencing selling pressure, as indicated by the predominantly red areas on the heatmap, include DOGE, DASH, AXS, XRP, COMP, and AAVE, BNT.
Bitcoin whales are also buying
It is important to note that while whales are accumulating altcoins, Bitcoin whales are also active. Crypto Basic note an increase in buyer activity on Binance, which aligns with an increase in the buy/sell ratio of takers and whale movements. Analyst Ali Martinez highlighted the ratio fluctuations from below 0.8 to above 1.7 between July 27 and 31. Ratios above 1.0 indicate aggressive buying, often preceding price rallies.
From July 27 to July 28, the ratio remained mostly above 1.0, corresponding to the rise in Bitcoin price from around $66,500 to over $67,000. A spike to around 1.5 led to a sharp increase in price to around $68,500. However, on July 30 and 31, the ratio fell below 1.0 several times, corresponding to a drop in price to around $66,000, before a final spike to 1.7 indicated another slight increase in price.
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 opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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