Altcoins

Here’s what to buy in advance

Published

3 months ago

3 May, 2024

DISCLAIMER: This article is a SPONSORED press release and does not constitute Finbold editorial content. Crypto assets/products carry significant risks. Only invest if you are prepared to lose your entire investment. For a full disclaimer, please .

The crypto market is buzzing with anticipation as signs point to an altcoin season. With the 2024 bull run underway, investors are keen to identify which coins could lead the charge. This article examines the key trends shaping the future of cryptocurrencies and highlights the tokens that could arise. This is a critical time for anyone looking to enter the market, and this guide aims to provide valuable insight into who the next big winners could be.

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! <

Optimism (OP) Price Movement and Forecast

The crypto Optimism (OP) saw a substantial increase of 19.38% over the past week, with its current price range between $2.33 and $2.86. The coin’s movement suggests momentum, as the price is now hovering above a 10-day average of $2.90, showing strength. With a 6-month increase of 92.38%, OP is in a bullish phase, but the recent 1-month decline of -8.54% indicates some decline. The price is testing resistance near $3.09. If he succeeds, the next challenge is at $3.62. Support levels to watch are $2.02 then $1.49. Indicators such as RSI at 60.54 and Stochastic at 54.79 suggest that OP is neither overbought nor oversold, while the positive MACD level of 0.06 suggests that the bullish price momentum may continue.

Starknet (STRK) Sees Volatile Price Movement

The price of Starknet coin has been up and down recently, remaining between $1.11 and $1.40. In the last week alone, the price has increased by around 9%. However, if you look at the last month, the coin’s value has dropped by around 32%. But the increase over the past six months has been huge, more than 547%. Right now, the price is a little higher than the average of the last ten days at $1.30 and the last 100 days at $1.23. Starknet is trading below its first major hurdle at $1.54 and above its closest support at $0.96. The ups and downs of the piece feel more like a mix of jumps and flashbacks than a single, clear direction.

Sei Price Analysis: Steady Rise or Slippery Slope?

Sei (SEI) has seen some turbulent times recently with its price ranging between $0.53 and $0.67. It fell more than 15% last week and about 25% last month. However, looking back six months, the coin surged over 360%. The current price is hovering around key support and resistance levels, with $0.47 as an immediate cushion and $0.75 as the first hurdle to clear for a possible uptrend. The coin’s price movements suggest a more corrective phase, with a tendency toward stabilization or gradual changes rather than sharp rises or falls.

Conclusion

Looking at the rise of altcoins, a closer look at potential investments reveals that OP, STRK, and SEI may offer growth opportunities, albeit with somewhat limited near-term potential. However, BlastUP stands out as the preferred candidate for investors. The strong concept of this coin, coupled with its integration into the broader Blast ecosystem, positions it for substantial growth. Therefore, for those looking to capitalize on the current bullish trend, BlastUP is the most promising.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

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Altcoins

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

Published

28 mins 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

1 hour 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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Altcoins

Why Altcoins Like Toncoin and Pepe Stumbled This Week

Published

4 hours ago

26 July, 2024

TokenTalk Staff

Why Altcoins Like Toncoin and Pepe Stumbled This Week

Crypto consumers around the world got excited about the launch of Ethereum spot ETFs! In fact, that wasn’t the case.

Many crypto watchers expected this week to be as hot as the summer season for cryptocurrencies and tokens. After all, the man who could be our next vice president is a well-known crypto advocate (and former venture capitalist), and a new financial instrument tied to a prominent cryptocurrency has debuted.

But somehow the stars didn’t align, and for the most part, the altcoin market crashed. Both utility and meme cryptocurrencies fell during the period, according to data compiled by S&P Global Markets Insights. Yourcoin (TONNE 0.78%), for example, fell by almost 8% over the week, while Peas (POINT 1.62%) and Shiba Inu (SHIB 3.42%) did not do much better, with losses around 7%. Grandpa (PEPE 2.99%) fell by 6%.

Are Hopes for a Cryptocurrency Ally Fading?

That high-profile crypto fan is, needless to say, Republican vice presidential nominee JD Vance. News of his rise to the bottom half of that party’s ticket has crypto fans excited; if Vance and running mate Donald Trump win, the cryptocurrency industry could have a pretty powerful advocate firmly ensconced in the White House for several crucial years.

The excitement faded with Joe Biden’s announcement that he would not seek reelection. Vice President Kamala Harris confidently stepped up to the plate, and at least initially seemed to have a strong sense of purpose and savvy for the vice presidential job. At the same time, doubts seemed to be growing about Vance’s suitability as a No. 2 candidate. This naturally made crypto enthusiasts less enthusiastic about the upcoming election.

This should have been at least somewhat mitigated by the kick-off of Ethereum place exchange traded funds (ETFs). After all, when Bitcoin ETFs were launched earlier this year and sparked a surge in interest in the leading cryptocurrency. This made perfect sense, as a crypto spot ETF is an elegant way for an investor to put money into such assets without having to own them directly.

Of course, few people expected such a craze for Ethereum ETFs. These instruments are no longer a novelty, and Ethereum does not have quite the fame and fascination of its big brother. Still, like Bitcoin ETFs, the Ethereum variant offers the market a quick and easy entry into the currency. And Ethereum is a more versatile instrument than Bitcoin and has more potential, in my opinion, so it is quite surprising that the new ETFs have not been more successful.

Perhaps it’s “crypto ETF fatigue,” or perhaps many investors are only interested in these instruments if they have “Bitcoin” in their title.

Signs of life at the end of the week

That being said, heading into Friday afternoon, there seemed to be something of a rebound in Cryptoland. Bitcoin recovered from the bottom and many altcoins also gained (like Ethereum, which by early evening was up 3%). This may be the start of a new bull run now that the market is recovering from the Harris Effect and the damp squib of the Ethereum ETF launch.

Next week is sure to be an interesting one in the cryptocurrency market; watch this space for more.

Eric Volkman has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool recommends TON. The Motley Fool has a disclosure policy.

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Altcoins

Cryptocurrency Investment Strategies to Maximize Gains During This Altcoin Season

Published

6 hours ago

26 July, 2024

TokenTalk Staff

Altcoins Poised for Major Comeback with 100% Rally

After reaching the peak of the year in March, Bitcoin Bitcoin peaks again at $73,000; market analysts worry about the potential for an explosive altcoin season. Here’s how experts suggest you position your portfolio for this long-awaited “Banana Zone.”

Bee’s Strategy for Beginners

A crypto analyst, Bee shares his knowledge for newcomers with limited capital. He started his journey on the Aptos testnet, earning $30,000 from an APT airdrop in just four months. For those starting out with no funds, Bee recommends getting involved in active testnets like Berachain and Babylon Chain for similar opportunities.

Airdrop Farming and Meme Coins on Mainnet

After his initial success, Bee moved to mainnet airdrop farming, using over 100 accounts to farm the Arbitrum airdrop, which netted him $180,000. He advises investors with at least $1,000 to look into projects on networks like Base Network, Zora, and Hyperlane. Bee has also capitalized on the rise of meme coins, making a $10,000 investment in Pepe (PEPE) at over $160,000 at its peak.

He continues to trade meme coins, recently turning a $3,000 investment in POPCAT tokens into $60,000.

Structured Plans for Altcoin Season

YouTuber “No BS Crypto” offers a structured approach to altcoin season. He emphasizes setting clear goals, adopting a risk-averse mindset, diligently tracking trades, diversifying investments into promising crypto narratives, developing a defined exit strategy, and using disciplined dollar-cost averaging.

Hidden treasures backed by venture capitalists

Interestingly, fellow YouTuber Miles Deutscher suggests looking at VC-backed altcoins that have recently underperformed but are poised to recover. He believes that these tokens, like LayerZero (ZRO), zkSync (ZK), Ethena (ENA), StarkNet and Aethir (ATH) offer solid short-term trading opportunities due to their strong use cases and support despite recent price declines.

Each expert offers a different perspective on maximizing gains during altcoin season, so consider these strategies based on your investment goals and risk tolerance.

The potential for massive gains is undeniable, but so is the risk. Approach “altcoin season” with caution and a well-thought-out plan.

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