Altcoins
Best Cryptocurrencies to Invest in
In the current context of market turbulence, many cryptocurrencies are losing value. However, there are several coins that experts have remained bullish on, suggesting that they are the top cryptos to buy during the dip. Some altcoins to buy in today’s market include: KangaMoon, Litecoin, Bitcoin Cash, Ethereum, and Solana. This article will explain why these coins are the best cryptos to buy now.
KangaMoon (KANG): Best Altcoin to Buy in Current Market Drop
With just a few weeks on the market, the KangaMoon (KANG) presale is making headlines thanks to its remarkable performance. Unlike other cryptocurrencies, the platform has unique innovative features merging SocialFi and GameFi elements to create a vibrant community, where users interact, have fun and ultimately earn rewards.
Basically, the KANG token will serve as the in-game currency for the platform. With the native KangaMoon token, users will be able to create and upgrade their characters, access exclusive games, and purchase in-game items on the Kangaverse Marketplace. Each challenge on KangaMoon is an opportunity to earn a reward that translates into real assets.
Impressively, KANG token holders also have the opportunity to accumulate free tokens when they join to promote the project on social media. In its fifth stage presale, the KANG token is priced attractively at $0.0196, with revenue funding of over $5.9 million. Early investors have already seen a 290% ROI, with greater potential gains when the project reaches CEX Level 1 in the second quarter.
Strategically positioned to access the P2E gaming industry, which is expected to be worth $885 million by 2028, KangaMoon is poised for success. With this view, many analysts suggest an astronomical 100x growth for KangaMoon by the end of the year, thus making the KANG token one of the best cryptos to buy for future gains.
Ethereum price struggles to hold $3,200 despite falling gas fees
Ethereum, the decentralized open source blockchain, has seen significant value outflows over the past few days. The current downward trend in Ethereum coins can be attributed to the SEC’s delay in approving Ethereum ETFs and broader market volatility. Over the past week, Ethereum price has seen a decline, recording a 1% drop to trade between $3,209 and $3,172, according to CoinMarketCap data.
Despite widespread bearish sentiments, Ethereum’s 24-hour trading volume saw an 8.06% rebound, reflecting traders’ overall confidence in the altcoin. Additionally, the Ethereum coin saw gas fees drop to the lowest since October. With this bullish news, analysts predict that Ethereum price could rise in the coming months, suggesting that it would retest its high at around $4,000.
They believe that the next Ethereum price rise could happen at any time. As such, now is the time to buy Ethereum’s dip ahead of the next bull cycle.
Solana Performance and Price Analysis
After remaining resilient on the market charts, Solana coin is in a downtrend, seeing outflows of 12.03% in the past week. The current loss in value can be attributed to the bear market and suspicious cryptocurrency exchanges. Recently, Lookonchaina blockchain company, alerted Solana users of a suspicious transaction, sparking concerns about possible insider trading.
Solana’s bearish news triggered a downward trend in its market capitalization, which saw a 4.60% decline to $60.32 billion. Additionally, its 24-hour trading volume is also down, recording an outflow of 10.88% to $1.98 billion, according to CoinMarketCap data.
Despite Solana’s bearish sentiments, experts believe that Solana price may increase in the coming days. With developments and partnerships such as the launch of hSOL, which introduces free staking to the Solana ecosystem, Solana crypto will see increased trader interest in the ecosystem. There is no doubt that the altcoin is one of the best cryptos to buy right now.
Bearish Bitcoin Cash Price Outlook
As a peer-to-peer cash blockchain, Bitcoin Cash aims to become a strong global currency. Recently, Bitcoin Cash price hinted at neutral sentiment following the broader post-market correction. However, it has significantly slipped into a downtrend, recording an 11.45% drop in value to trade between $509.46 and $451.36 over the past week, according to CoinMarketCap data.
Additionally, Bitcoin Cash’s 50-day EMA acts as resistance to the current price chart on a 1-day time frame, reflecting strong bearish influence. Regardless, experts are predicting a massive rise in the price of Bitcoin Cash. The Bitcoin Cash crypto has increased in value on its charts since the start of the year, registering an impressive 276.57%, and has potential for further growth.
Although Bitcoin Cash price failed to reach the $700 mark, experts believe it will retest this area in the coming days, making BCH coin the best dip to buy now.
Litecoin Price Dynamics as Holder Positions Change
According to Glass knot, Litecoin crypto saw significant changes in market dynamics in April related to the rotation of Hodler’s net position. Recently, Hodler’s net position has changed drastically, indicating that long-term holders are buying the altcoin.
Since Hodler’s position has been consistent since April 5, the Litecoin price is poised for massive changes. If the accumulation of Litecoin crypto rather than cash continues, the price of Litecoin could fight the current downtrend and start to rise.
Currently, Litecoin price is $83.04, down 2.32% over the past week. With this new development, experts have made bullish predictions on the price of Litecoin, suggesting that the price could reach $110 in the short term in the coming months. Therefore, Litecoin crypto is the best altcoin to buy now and HODL for future profits.
Conclusion
While more than 10,000 cryptos are in the market, it is difficult to find profitable ones that would yield astronomical profits in the short and long term. Keeping expert analysis in mind, the above cryptocurrencies are some of the best altcoins to buy for 100x growth potential. Nevertheless, KangaMoon is one of the best cryptocurrencies to invest in without breaking the bank. With its presale underway, now is the best time to purchase KangaMoon before its official launch.
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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