Altcoins

As Peter Brandt Sees a New ATH for Bitcoin, Is It High Time to Buy Altcoins?

Published

3 months ago

5 May, 2024

As Peter Brandt Sees a New ATH for Bitcoin, Is It High Time to Buy Altcoins?

Is it time to diversify? Explore the potential of altcoins amid Bitcoin’s ATH prediction as we navigate the intricacies of the crypto market.

The crypto market is abuzz as a notable analyst predicts that Bitcoin could reach all-time highs. As anticipation grows, attention is also turning to the potential of altcoins in this climate. Would this be the right time to invest in it? With the 2024 uptrend already taking hold, the decision to diversify a portfolio may seem tempting. The article explores the intricacies of today’s market to help readers navigate their next financial move.

The BlastUP presale ends in a few weeks, last chance to buy cheap

The BlastUP presale sparked strong interest among crypto enthusiasts, reaching $5 million in record time. More than 12,000 savvy investors have already purchased BlastUP tokens before their value skyrocketed.

The presale runs until the end of May, so you have time to increase your crypto holdings with BlastUP, the asset poised to generate explosive returns of up to 1,000%. Currently selling for pennies on US dollars, BlastUP tokens are expected to reach $10 by the end of this year.

BlastUP token holders can benefit from a number of privileges including participation in a drop exclusive loyalty rewards to participate in IDOs and the ability to earn interest through staking.

BlastUP stands out from the rest in the crypto world. Backed by Blast, TVL’s sixth largest blockchain, it offers real usefulness as a launching pad for DApp businesses. With its motto Grow Faster, Earn More, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP are now part of a project ready to become the next big thing in this bull race.

>> Time is running out – Buy $BLP before the end of May! <

Solana Market Sentiment Cools But Long-Term Forecast Looks Promising

Solana market sentiment has shown a short-term cooling trend, with recent weeks seeing a decline in its price. However, the medium-term view seems more optimistic since the price has more than doubled in recent months. This underlying strength of Solana is likely due to its robust technology offering fast and cost-effective transactions, attracting both developers and users. The anticipation around its scalability solutions could provide a solid foundation for future growth, despite current market hesitations.

BNB Market Sentiment Shows Stability Amid Growth

Recent trends reveal stable BNB with a slight positive tilt. Prices are at higher levels than in recent months, reflecting growing stability and investor confidence. Advances beyond the main price ceilings have not yet taken place, but the foundations seem to be laid, with room for withdrawal apparent. BNB’s roots in the Binance ecosystem provide a solid foundation for growth as its utility and adoption in the financial and crypto space continues to expand, potentially fueling positive market behavior.

Sei faces challenging market dynamics

The Sei cryptocurrency has recently seen a decline in value after a significant rise over the past six months. Despite the recent slowdown, the long-term view appears strong, reflecting a notable increase from prior positions. The token’s current trend shows difficulty regaining momentum as it oscillates between commonly recognized higher and lower price levels. Considering Sei’s fundamental characteristics, including its market position and adoption drivers, the overall sentiment seems cautiously optimistic. Investors are closely watching for signs of stabilization or further movement, which could indicate the token’s next phase.

Sui Token Shows Signs of Bearish Market Sentiment

Sui’s recent performance indicates a trend where trust is low. Investors appear hesitant, with the token price often remaining below previously higher levels. Despite its previous success over a longer period, short-term changes reflect a notable decline. This could be due to traders making profits or concerns about market conditions. Given Sui’s core functionality, which aims to deliver fast and affordable transactions, its real-world adoption and application remains key to future growth. Current market skepticism, however, could slow down these prospects.

Conclusion

Bitcoin’s new all-time high attracted attention, but altcoins like SOL and BNB, alongside newcomers SEI and SUI, showed less promise in the near term. The focus now shifts to BlastUP, a project within the thriving Blast ecosystem, which stands out with a strong concept and significant potential. Amid the current bullish trend, BlastUP represents an attractive option for those looking to invest in the crypto space.

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Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials of this page. The project team purchased this promotional item for $400. Readers should do their own research before taking any action related to the company. BSC.News is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned in the press release.

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Altcoins

Best Altcoins for the Next Bull Cycle: Santiment’s Recommendations

Published

3 hours ago

27 July, 2024

TokenTalk Staff

Best Altcoins for the Next Bull Cycle: Santiment’s Recommendations

As Bitcoin (BTC) approached the $67,000 mark on Friday, the altcoin market, led by Ethereum (ETH)has shown strong bullish signals. Many altcoins are reaching the peak of a multi-week consolidation phase that began earlier this year. On-chain data also indicates that institutional investors have been actively buying crypto assets, preparing for the next phase of the bull market.

Additionally, several altcoins have recently retested the bullish breakout of the overall downtrend. With Bitcoin dominance set to decline, focusing on the altcoin market could be a smart move to maximize returns.

Expert advice: What should you pay attention to?

According to market intelligence platform Santiment, investors should keep an eye on the average trading returns of different assets.

After critically analyzing market data, Santiment believes that Shiba Inu (SHIB), Uniswap (UNI), Polygon (MATIC), Chainlink (LINK), Cardano (ADA), and Ripple-backed XRP are the best large-cap altcoins to buy now to maximize profits in the future.

Meanwhile, Santiment pointed out that Toncoin (TONNE), Bitcoin, Ethereum (ETH), and Dogecoin (DOGE) present a higher risk to maximize profits in the planned alternative season.

Market Outlook: Volatility Ahead?

With the Federal Open Market Committee (FOMC) expected to deliver its policy statements next week, increased volatility in the cryptocurrency market is likely. Furthermore, historical data suggests that August could bring a bearish trend for the sector.

Despite this, the cryptocurrency market is expected to turn bullish again in the fourth quarter, driven by the US elections and anticipated interest rate cuts.

Invest smart. The future of cryptocurrencies is bright.

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Altcoins

Analyst Says Ethereum-Based Altcoin “Looks Strong As Hell,” Outlines Path Ahead For Bitcoin And Solana

Published

5 hours ago

27 July, 2024

TokenTalk Staff

Analyst Says Ethereum-Based Altcoin “Looks Strong As Hell,” Outlines Path Ahead For Bitcoin And Solana

A widely followed crypto analyst and trader believes a memecoin is headed for the next leg higher.

Pseudonymous crypto trader Altcoin Sherpa tell his 216,400 followers on the social media platform X that Pepe (PEPE) market fundamentals appear solid.

“PEPE: I never got a chance to add $0.00001111, but I’m still in it. He seems pretty strong. I’m still a big fan of memes in general.”

Source: Altcoin Sherpa/X

Pepe is trading at $0.00001128 at the time of writing, down 8% in the last 24 hours.

Then the analyst said Ethereum (ETH) rival of Solana (GROUND) has greater upside potential due to network activity.

“SOL: Go long on Solana. Why? Because SOL memes continue to take off and everyone is denominated in Solana. Being in the trenches of crap money really helps you understand this stuff better. I expect a pullback soon, but this would be the bottom to buy in my opinion.”

Source: Altcoin Sherpa/X

Looking at the analyst’s chart, he suggests that SOL could eventually reach $205.

Solana is trading at $166 at the time of writing, down 6.7% in the past 24 hours.

Finally, the analyst said that Bitcoin (Bitcoin) appears to be in an uptrend but could retest the $63,000 level.

“BTC: Price still looks pretty strong to me. If you really want a dip to get in, look for $63,000 around the 200 four-hour exponential moving average (EMA). For now, things should continue in my opinion.”

Source: Altcoin Sherpa/X

At the time of writing, Bitcoin is trading at $64,596, down nearly 2% in the past 24 hours.

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Altcoins

XRP, ADA, and Other Altcoins to Accumulate Ahead of Trump’s Nashville Speech

Published

6 hours ago

27 July, 2024

TokenTalk Staff

XRP, ADA, and Other Altcoins to Accumulate Ahead of Trump's Nashville Speech

Bitcoin has recovered most of its losses from the week as traders eagerly await former U.S. President Donald Trump’s appearance at the Bitcoin 2024 conference in Nashville, Tennessee. Interestingly, Bitcoin gained over 1% today as Trump appears to have changed his stance on digital currencies this election cycle.

Analysts Buzz About Altcoins said that this week, crypto whales have been quietly accumulating several altcoins, showing confidence in their short-term potential despite recent performance declines. Here are the top altcoins:

Arbitration:

Current price: $0.72

Whale activity:Despite its significant decline since the start of the year, Arbitrum has seen an 87% increase in net inflow from large holders over the past week. This suggests that whales believe in the token’s long-term potential. Arbitrum, a Layer 2 scaling solution for Ethereum, aims to improve transaction speeds and reduce costs on the Ethereum network. The recent accumulation of whales could indicate confidence in its technology and future adoption.

XRP:

Current price: $0.59

Whale activity:According to Santiment, the number of addresses holding between 100 million and 1 billion XRP tokens has increased since July 23. This shows that the supply has increased from 38% to 40%, which is a sign of growing confidence among large holders. XRP has benefited from recent legal victories and market sentiment, making it an attractive option for whales.

Cardan:

Current price: $0.41

Whale activity:Cardano saw a staggering 10,878% increase in large holder inflows in a single day, surpassing the 5 billion mark. This indicates a significant level of confidence among whales in ADA’s recovery potential. Cardano’s recent upgrades and continued development have been positively received by the market, contributing to its attractiveness.

Chain link

Current price: $13.55

Whale activity: Chainlink recently integrated its Cross-Chain Interoperability Protocol (CCIP) with TrueFi on the Ethereum and Arbitrum blockchain platforms. TrueFi, backed by Coinbase and Chainlink, provides transparent and real-time financial data, improving the decentralized finance (DeFi) ecosystem. This integration could drive increased adoption and usage of Chainlink, making it a popular choice among whales.

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Altcoins

Ethereum (ETH) ETF Fails to Spark Altcoin Season, Market Rebounds Above $1 Trillion

Published

7 hours ago

27 July, 2024

TokenTalk Staff

The rebound in altcoin market cap to $1 trillion slightly changes the positive dynamics for the much-anticipated altcoin season in Q3 2024.

Bulls took control of today’s session, pushing the total cryptocurrency market cap to $2.39 trillion, up 4% in 24 hours at press time. Total trading volume stands at $82.2 billion, up 4.4% in 24 hours, at the time of writing.

The Ethereum ETF was supposed to be the flagship of the altcoin season, but the response so far suggests nothing in its favor.

Altcoin market cap is moving in a flag pattern, a steady rise above $1.56T could trigger the altcoin rally and lead to the altcoin season with favorable market conditions.

Ethereum ETF Potential Stabilizes

The Ethereum ETF got off to a strong start with $1 billion in trading volume on its first day with massive inflows and outflows. This activity attracted a lot of money to Ethereum but failed to circulate among other altcoins.

With the launch of Ethereum, market sentiments were poised to trigger the altcoin season, but the cooling volume of the ETH ETF and the distributed interest in the BTC ETF could not muster enough power.

While the price of Ethereum (ETH) is yet to react, experts predict that the price will see a massive surge between $4,000 and $7,000. At the time of writing, ETH is trading at $3,271 with a 24-hour growth of 3.08%.

Altcoin Season Indicator Kills All Hopes.

The required demand for the altcoin season has not been met by the cryptocurrency markets and this can be seen in the Altseason Season Index indicator which is below the threshold of 25.

A push above 75 will mark the start of altcoin season.

Source Blockchain Center

Furthermore, analyzing the performance of the top 50 assets in 90 days shows that only 11 of them have outperformed BTC.

To kick off the official altcoin season, at least 75% of assets must outperform Bitcoin.

An increase in inflows and the return of investors in September and October could potentially trigger the altcoin season we have all been waiting for.

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