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Altcoins

NEAR, AVAX, Arweave [AR]MétisDAO [METIS]: These are the altcoins to watch

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NEAR, AVAX, Arweave [AR]MétisDAO [METIS]: These are the altcoins to watch
  • CryptoBullet predicts that NEAR, AR, METIS, and AVAX will reach new all-time highs by 2024, driven by current market trends.
  • Technical analysis supports a positive outlook, with increasing altcoin trading volume indicating growing investor interest.

As the cryptocurrency market continues its upward trend, led by Bitcoin [BTC] Thanks to robust performance in recent weeks, the global crypto market cap has reached around $2.5 trillion.

As a result, altcoins such as Close protocol [NEAR] And Peas [DOT] showed a strong upward trend. This bullish wave has sparked optimism among investors and analysts.

Amid this positive momentum, CryptoBullet, a well-known crypto analyst, has foreseen that four altcoins are expected to reach new all-time highs (ATH) by 2024.

According to CryptoBullet, this period represents a great opportunity for investors to engage in specific altcoins that are currently undervalued but poised for significant growth.

CryptoBullet’s strategy is to take advantage of the current low prices of these altcoins to capitalize on potential explosive gains in the next bull market.

The key to identifying these promising investments lies in their performance relative to Fibonacci retracement levels.

CryptoBullet identifies altcoins that have tested or surpassed the 0.618 or even 0.786 Fibonacci levels as prime candidates to break their ATHs.

Source: CryptoBullet/X

On the other hand, the analyst disclosed altcoins that would likely not fare well, noting:

“Those still between 0.382 and 0.236 are unlikely to surpass their 2021 highs (weak plays). Examples: $DOT $AXS $FIL $ADA.

At the time of writing, DOT was the top gainer among these altcoins, followed by ADA in second place.

Notably, DOT and ADA saw an increase of 3.9% and 5%, respectively, over the past day, compared to FIL and AXS, an increase of 0.8% and 0.4% over the past day. of the same period.

NEAR, AR, METIS and AVAX expected to increase

CryptoBullet specifically highlighted NEAR, Arweave [AR], MétisDAO [METIS]And avalanche [AVAX] like altcoins with the potential to set new records.

Over the past few weeks, these altcoins have shown bullish trends, with METIS experiencing a slight decline.

However, despite falling 0.9% over the past week, METIS has rebounded, currently up 2.9% over the past 24 hours with a stock price of $60.59.

This minor slowdown is considered a temporary adjustment before a potential uptrend.

In contrast, NEAR and AR demonstrated more significant bullish momentum. NEAR jumped 13.4% last week and 36.4% over the past two weeks.

Similarly, AR increased by 10.5% last week and over 40% in the last fortnight.

Over the past 24 hours, NEAR and AR have increased by 3.6% and 10.1%, with a current price of $8.38 and $48.54 respectively, indicating a sustained uptrend.

Avalanche (AVAX) has also shown positive trends, with a current price of $37.09, up 7% over the past day.

Meanwhile, the dominance of altcoins, excluding the top 10, stood at 11.91% at the time of writing. Technical analysis of the overall altcoin market shows quite an interesting trend.

Realistic or not, here it is Market capitalization of AVAX in terms of BTC

The market has recently shown a bullish dragonfly candle followed by a bullish engulfing candle, which closes above the dragonfly candle. This trend suggests that further upward movements were likely.

Source: Tradingview

Additionally, AMBCrypto reports that altcoin trading volume dominance has reached 78%, the highest in two years, reporting that growing investor interest in altcoins.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Altcoins

AI Altcoins That Are Overlooked But Show Immense Potential

TokenTalk Staff

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AI Altcoins Which Are Overlooked But Carries Immense Potential

AI altcoins are generally overlooked in the market as they are a relatively new addition to the market. Furthermore, trends mainly increase when discoveries or updates take place in the field of AI technology, which can be limiting factors for them. AI cryptocurrencies. However, with the growing demand for AI and the introduction of increasingly successful AI altcoins, this category could similarly thrive.

Near Protocol, Render, The Graph, Injective, etc. are known to many, but a few AI altcoins are overlooked due to less popularity. However, many of them show great growth potential this year. This blog focuses on these overlooked AI cryptos and their performance in the market.

Turbo (TURBO)

Turbo is the first AI-created meme coin, which has gained 1,462% year-to-date. The AI ​​altcoin is currently valued at $0.005666 and is up 337% over the past 30 days. Turbo attempts another high like three weeks ago when its price reached an all-time high of $0.00978. He is currently ranked 211th on CoinmarketCap for its market cap of $359,664,753 but can do much better if the trend continues.

AI Spectrum (SPECTRE)

Specter AI is another underrated AI altcoin despite its 3,200% gains this year. At the time of writing, Specter AI is trading at $1.49 after a downward trend that continued throughout the month. However, with the market recovery, SPECTER could return to gains like it did two months ago. At that time, it reached its all-time high of $3.58, 1.5 times its current value. Follow “Buy The Dip” as the price is dropping for this AI Cointhe investment could therefore generate good returns.

Arch block (ABT)

ABT is also a victim of declining market greed, where its value is down more than 7% in the last 24 hours, but despite this, it has made gains of 1,241% so far this year . It is currently trading at $2.61 and is 45% off the ATH of $4.70 set just a month ago. He is not entirely bearish, as he has made a few rallies in the meantime, maintaining value in the market. The same could happen next, making it a good option for short-term gains.

AI altcoins have enormous growth potential, and many have already provided significant returns to their investors. With the right trend and market recovery, these AI cryptocurrencies can become the best cryptos for a profitable experience.

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With years of love for reading and 5 years of content writing experience, I am here working on my favorite cryptocurrency writings. I actively research trending topics and news statistics to curate the best content for crypto enthusiasts. Staying updated with the trends and learning the basics and advances of this field is the best part of the day.

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.



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Altcoins

Here is a list of the top Altcoins that will lead the “recovery rally”

TokenTalk Staff

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Crypto Experts List Top 5 Altcoins With Huge Return in 2024

Popular Analyst Jason Pizzino took note of his latest analysis and suggested taking a closer look at some altcoins. In recent days, signs indicate the presence of a significant minimum or close to it. He pointed out that similar discussions of significant lows took place in June 2022. Interestingly, two years later there is another period of increased volatility and fear, coinciding with an important date around the solstice.

Jason referred to the collapse of May and June 2022, marked by the fall of DeFi projects like Luna in May, followed by further collapses in June, affecting companies like BlockFi. This period represented a significant low point, although the market declined with the FTX collapse. Despite the economic slowdown, buying during this slow period has proven to be a good entry point.

He highlighted that current market conditions are showing signs of a significant bottom, with the market still in a stealth zone. By analyzing the average true range (ATR) of the bars on a weekly and daily basis, it observed a downward trend on various altcoins, Bitcoin and the total market cap of cryptocurrencies. Historically, a decline in ATR during a bull market suggests a stealthy period of consolidation that usually leads to an upward breakout.

Jason discussed several altcoins:

Recover.ai: Rebounded 40% from its low against USDT. It needs to get back above $1.80, which was a previous low on April 13, marking the 50% retracement level.

AGIX: Similar to Fetch.ai but weaker. Must exceed 1000 and 1200 Satoshi for strength. It is crucial to stay at 63 cents against the US dollar.

Ocean Protocol: You have to stay above 63 cents to aim for 90 cents.

Give back: Showing strength above his level of 50%. Monitor the $3-$5 range for potential corrections. Even with a correction at these levels, the structure would remain bullish.

Pendle: Maintained above the 50% level and good performance despite market fear. Currently around $5.80, it must stay above $5.70 to avoid counterfeiting.

Ondo Finance: Above the 50% level and previous resistance, but caution is advised as it tests near-term levels.

Read also: Analyst Advises Against Stacking Stagnant Altcoins Like XRP and ADA

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Altcoins

Everything looks good for Ethereum, Solana and Binance Coin; Soon the Altcoin rally?

TokenTalk Staff

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Everything looks good for Ethereum, Solana and Binance Coin;  Soon the Altcoin rally?

Jason Pizzino recently detailed that the market is in a stealth zone, showing signs of a major low. During these periods of discretion, he said fear increases and market interest decreases, leading to smaller range bars after the initial scares. Despite possible future fears, key levels like the 50% mark are holding, with the lows remaining slightly higher. This suggests that the market could be ready for a major upward move. Jason added that the market appears poised to gradually recover over the coming months. He examined the best parts by delving into technical details.

He noted that altcoins like ETH/USD are showing relative strength, remaining above key 50% levels. Ethereum, for example, has maintained its position above the 50% mark of its range, established at the May low, coinciding with the Bitcoin peak following the enthusiasm generated by the ETF news. Recent news, such as the SEC dropping the cases, also contributed to The price of Ethereum stability, despite broader market declines.

While the majority of the market has seen significant declines in recent days, Ethereum has managed to hold on. If Ethereum breaks down to around $3,400, it would consider $3,200 a safe level, but if it falls below $2,829, it could indicate that the ETF news is not as positive as it seems so.

Solana is in a similar position, remaining above the 50% mark throughout the bear market range. It currently sits above $138, with downside support around $109. This positioning suggests a bullish structure, with Solana setting higher lows, maintaining strength within its cycle. Solana’s previous corrections ranged from 37% to 52%, indicating that a correction of up to 50% would be consistent with past trends.

Binance Coin made a premature move higher, and if it breaks down from around $540, it could be a false exit. A retest of the $420 to $520 area could occur if this breakdown occurs. Currently, even as it reaches new all-time highs, it is crucial for BNB to maintain its price levels to confirm its bullish momentum.

Read also: Bitcoin, Ethereum and XRP Price Prediction: Is the Bull Rally Over?

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Altcoins

Ethereum Indicator Signals Altcoin Season To Start Early, Says Quantitative Analyst Ki Young Ju

TokenTalk Staff

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Ethereum Indicator Signals Altcoin Season To Start Early, Says Quantitative Analyst Ki Young Ju

CEO of blockchain analytics platform CryptoQuant, Ki Young Ju, updates his outlook on altcoins ahead of possible approval of Ethereum spot (ETH) exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC).

Young Ju tell its 348,500 followers on social media platform

The MVRV indicator, which is used to assess whether a particular crypto asset is undervalued or overvalued, is the ratio of the market capitalization of Ethereum, or any other crypto asset, to its realized capitalization (the value of all ETH at the price they were purchased at).

“We are entering the start of the altcoin season.

ETH MVRV is rising faster than Bitcoin (BTC) MVRV, suggesting that the ETH market is heating up from its on-chain fundamentals.

Given the current ETF situation, this could be an ETH-only season. Historically, when ETH rises, other altcoins tend to follow.

Source: Ki Young Ju/X

Moving on to altcoins, CryptoQuant CEO said This memecoin dominance is in decline after hitting a 15-month high in March. Memecoin dominance is the proportion of the total market capitalization of memecoins to the total market capitalization of altcoins.

“Crypto Twitter would shift from gaming to focusing on fundamentals, like a few years ago.

Pack your bags guys, it’s over.

Source: Ki Young Ju/X

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