Altcoins

Here are 3 essential cryptos to prepare you for the next Altcoin season

Published

3 months ago

12 May, 2024

Here are 3 essential cryptos to prepare you for the next Altcoin season

Over the past few weeks, following the Bitcoin halving, the broader altcoin market has seen a substantial loss of momentum. This has reduced the focus on certain tokens, while investment sentiments begin to shift towards uncertainty. With many institutions and whales committed to holding the best crypto coins with the highest chance of wider adoption, KangaMoon (KANG), Jupiter (JUP), and Aptos (APT) stand out for their high return potential.

KangaMoon (KANG): Most Popular Meme Coin Presale Bundle for Big GameFi and SocialFi Gains

KangaMoon (KANG) is making a splash in the market as it posts an impressive pre-sale performance in just under four months. Having raised over $6.5 million and hoping to reach the $7 million milestone before the end of the month, KangaMoon has demonstrated strong potential to disrupt the crypto market following its launch. Additionally, the native KANG token saw a notable price increase throughout the presale phase, rising 400% from an initial price of $0.005 to $0.025 at the current stage.

At the same time, the Meme Coin project has also attracted huge interest, with a growing community of over 23,000 registered members, consisting of over 6,000 token holders. These impressive statistics not only reflect traders’ confidence in KangaMoon’s mission to revolutionize the play-to-earn (P2E) industry, but also position the KANG token among the best crypto coins to buy right now.

However, KangaMoon’s prospects extend beyond pre-sale success. Notably, the meme coin project integrates innovative SocialFi features that incentivize active community members with free KANG tokens even before the official launch. Similarly, KangaMoon plans to launch an immersive P2E gaming ecosystem dubbed ‘Kangaverse’, where participants can engage in different exciting activities to earn rewards.

But guess what? The real excitement about KangaMoon lies in its long-term potential, particularly its close ties to the booming P2E gaming market, which is expected to surpass $885 million by 2028. In fact, some industry experts already predict that upon listing on Tier 1 exchanges, the KANG token price could rise to $0.5 by the third quarter and $1 before the end of the year, promising lucrative opportunities for investors in the meme coin market.

Jupiter (JUP) Exchange Introduces Cloned Asset Integration

According to a recent update to Clone Protocol on X (formerly known as Twitter), Jupiter (JUP) Exchange has now integrated cloned assets, allowing users to easily trade cloned assets from any token on the platform . While this could potentially attract the attention of DeFi enthusiasts to Jupiter, it may also result in an opportunity for Jupiter coin price appreciation, $JUP.

This new development also greatly simplifies trading non-native assets such as DOGE, ARB and OP on Solana. With the expansion of the Jupiter network, all cryptocurrencies will soon be accessible directly on Solana, providing users with a more convenient and diverse trading experience, potentially increasing its growth potential this year.

Aptos (APT) Introduces Revolutionary Features Called “Aggregators”

Aptos (APT) Labs has just unveiled a revolutionary addition called “Aggregators”. This new development on Aptos The network was designed to gain better experience when involved in NFT minting. The innovative functionality also enables simultaneous execution of smart contracts on the Aptos blockchain, solving common obstacles such as read-write conflicts.

With this new introduction, Aptos Labs will also open the doors to seamless parallel processing and a smoother or more efficient NFT creation experience in its upcoming release “It’s an Aptos Thing”. This new drop comes at a time when 1 million NFTs are expected to hit the market. Overall, this is a big step forward for the Aptos token as it could appreciate in value in a short time.

Can KangaMoon (KANG) grow 100x this year?

Top analysts predict that KangaMoon will potentially see 100x growth when it fully captivates the DeFi market. The reality that this is happening is not far-fetched, as KangaMoom is already delivering blazing pre-sale performance to demonstrate its ability to dominate the market.

Discover the exciting opportunities of the KangaMoon (KANG) presale today!

Website: https://Kangamoon.com/

Join our Telegram community: https://t.me/Kangamoonofficial

Warning: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in this content. Do your research and invest at your own risk.

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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

4 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

5 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

6 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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