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Altcoins

Prepare for “the biggest altseason” with a $4 trillion market cap in sight

TokenTalk Staff

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Brace for 'the biggest altseason' with $4 trillion altcoin market cap in sight

Bitcoins (BTC) the recent rise to an all-time high of $73,750, followed by a pullback to $61,000, has paved the way for many around the world to cryptocurrency sector I think this could be the start of an altcoin season. Various analyst predictions suggest a massive rise in altcoin valuations.

While Bitcoin traditionally restarts market cycles with a strong surge, the real action often takes place during its consolidation phases, where other cryptocurrencies usually takes the lead. This trend is expected to intensify in the coming period, fueled by varying forecasts from leading analysts.

The integration of decentralized finance (Challenge), advances in blockchain scalability and the growing use of smart contracts are key factors contributing to a potential altcoin rally, which could significantly change the dynamics of the cryptocurrency market.

Expert predictions on altcoin breakouts

Ted, an expert analyst, recently shared an analysis on X (formerly Twitter) suggesting a significant recovery in the altcoin market.

He highlighted a potential breakout, supported by technical patterns such as the inverse head and shoulders formation, hinting at a bullish trend that could push total market capitalization to $4 trillion.

This growth is expected to unfold over the coming months, potentially rekindling significant interest from retail investors.

Additionally, another trader and analyst Mustache pointed out in a recent job that “we are entering the biggest altcoin season in at least four years,” drawing parallels with historical data.

Market capitalization of Altcoins. Source: Mustache/TradingView

On April 24, he note that the total market capitalization of altcoins, represented by TOTAL2, had completed the ABC correction phases of the Wyckoff method and was experiencing a breakout. This has sparked anticipation among crypto investors, as altcoins often offer higher risk/reward returns.

Despite these optimistic assessments, there is a mixed signal from the Blockchain Center’s Altcoin Season Index.

According to this index:

“If 75% of the top 50 coins performed better than Bitcoin over the last season (90 days), it’s Altcoin season.”

Top 50 performances from last season. Source. Blockchain Center.

The index shows that only 51% of the top 50 altcoins have outperformed Bitcoin over the past 90 days. As the index is below 75, this suggests that it is not officially altcoin season yet, providing a more cautious outlook amid enthusiastic forecasts.

While the excitement around an impending altcoin season is palpable, driven by technological advances and bullish forecasts of analysts, recalls the altcoin season index more cautious investors risks and uncertainties related to forecasting market movements.

This mix of optimism and caution highlights the complex and dynamic nature of cryptocurrency markets, where opportunities and risks coexist.

Disclaimer: The content of this site should not be considered investment advice. The investment is speculative. When you invest, your capital is at risk.



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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

5 Altcoins Reclaim High After Stock Market Crash

TokenTalk Staff

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Altcoins Recovering the Highest

Following the recent stock market crash, the global crypto market is slowly moving towards recovery. Despite major obstacles, Bitcoin And Ethereum are still struggling, while some altcoins have surprisingly become leaders, demonstrating their resilience and strong rebound. Livepeer (LPT), Notcoin (NOT), Stacks (STX), Toncoin (TON), and Injective (INJ) stood out from the rest, showing impressive performance despite general market trends.

1. Livepeer (LPT)

Livepeer (LPT) has seen a comeback, posting a significant growth of 16.62% over the past 24 hours and a steady 4.99% increase over the past week. With a price of $24.44, Livepeer the market capitalization increased to $800.66 million, boosted by a trading volume of $140.3 million in the last 24 hours.

LPT’s strong presence in the market is highlighted by its circulating supply of 5,743,984 tokens. Investor interest in this video streaming network protocol has led to its remarkable turnaround, positioning it as the best performer among altcoins.

2. Notcoin (NOT)

Notcoin (NOT) also stands out for its substantial recovery. Although there has been a slight decline recently, the token still managed to rise by 10.64% over the past 24 hours, despite being down 17.96% from the previous week.

With a price of $0.01801, Notcoin has a market capitalization of $1.85 billion and an impressive trading volume of $1.26 billion in the last 24 hours. The significant rebound of the token, despite not having 70,000,681,661 in circulation, demonstrates its strength and the market’s confidence in its future prospects.

3. Batteries (STX)

Stacks (STX) had a somewhat mixed performance, with a small rise of 7.46% the day before and a growth of 2.43% last week. Stacks is trading at a price of $2.32, giving it a total market capitalization of $3.4 billion and a 24-hour trading volume of $0.78 million.

Even with a slight decrease, Battery still manages to maintain investor confidence, as shown by its circulating supply of 124,903,979 STX. The network’s focus on integrating smart contracts and decentralized applications into Bitcoin may have contributed to its partial comeback.

4. Toncoin (TON)

TON is added to this range due to its strong rebound. Toncoin price of $7.59, which saw an increase of 6.96% in the last day and 3.78% in the previous week, demonstrates its strong position in the market. The market capitalization reached $18.47 billion, driven by a trading volume of $512.2 million in the last 24 hours.

67,500,386 TON’s significant presence in the market is highlighted by its circulating supply, driven by its association with the open Telegram network, offering a special blend of security and scalability.

5. Injective (INJ)

Injective (INJ) today completes the list of the best performing altcoins. Over the past day, the token has seen a growth of 6.44%, along with a remarkable 15.69% rise over the past week.

Injective’s market capitalization is $2.83 billion, with a 24-hour trading volume of $337.16 billion while its price is set at $30.26. With 11,100,904 INJ in circulation, this decentralized derivatives trading platform is showing strong market progress, highlighting its potential for continued expansion.

Conclusion

Despite the gradual recovery of the overall cryptocurrency market, these altcoins have shown impressive resilience and rebound. Livepeer, Notcoin, Stacks, Toncoin and Injective (INJ) present the possibility of substantial recoveries in the cryptocurrency sector, providing a glimmer of optimism for investors navigating the volatile cryptocurrency market. As the market further stabilizes, these alternative cryptocurrencies could lead to a new period of growth and innovation in the cryptocurrency sector.

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Altcoins

Analyst Says Top Memecoin Will Do Big Numbers This Year, Updates Forecast on BNB and Two Other Altcoins

TokenTalk Staff

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Analyst Says Top Memecoin Will Do Big Numbers This Year, Updates Forecast on BNB and Two Other Altcoins

A closely followed crypto analyst believes that a top memecoin could generate big gains later this year.

Pseudonymous crypto trader Altcoin Sherpa tell his 217,100 followers on social media platform X that he is long-term bullish on Dogecoin (DOGE).

“DOGE: Many memes look unstable in the short term, but I still think they look pretty good on long-term charts. However, expecting more chop for the next leg, I wouldn’t rush to buy new positions here. Patience. I still think it will do big numbers later this year.

Source: Altcoin Sherpa/X

Looking at his chart, the analyst suggests that DOGE could trade around a range with a low limit of $0.12 and a high limit of $0.17 before breaking out later in 2024.

DOGE is trading at $0.13 at the time of writing, down more than 4% in the last 24 hours.

Then the analyst warns that Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWA), could retest lower levels in the near term.

“ONDO: I was wrong in consolidating for another stage, I was not ready. I think this one will likely trade up to the $1.10 level before the next bounce (this should be small at $1.19 at first). However, I remain optimistic from an RWA (real world asset) perspective.

Source: Altcoin Sherpa/X

ONDO is trading at $1.22 at the time of writing, down 1.4% in the last 24 hours.

Then the analyst believes this BNB (BNB), the utility token of the BNB Chain ecosystem, could return to Fibonacci levels before resuming an uptrend. Major downside price targets include $600.

“BNB: half, hoping inflows are lower. »

Source: Altcoin Sherpa/X

BNB is trading at $609 at the time of writing, down almost 6% in the last 24 hours.

Finally, the analyst suggests this Internet of Things (IoT) project Jasmy (JASMY) may have more upside potential if it holds $0.0377 as support.

“JASMY never bought this shitcoin but it still looks pretty solid. Weird.”

Source: Altcoin Sherpa/X

JASMY is trading at $0.0357 at the time of writing, down almost 6% in the last 24 hours.

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Altcoins

These Altcoins Outpace Crypto Market Rebound

TokenTalk Staff

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These Altcoins Outpace Crypto Market Rebound

The crypto market saw a significant jump over the past 24 hours, with altcoins erasing previous losses. This change in sentiment comes after the release of Consumer Price Index (CPI) data showing a slowdown in inflation in the United States. Bitcoin and altcoins rose, bringing the crypto market cap to $2.52 trillion, an increase of 3.45% over the past 24 hours.

Altcoins in the top 20 are rebounding, but some assets are surpassing the maker with double digits while others have seen slight gains. Overall, crypto bulls are rallying into their assets, projecting a bounce above current resistance levels. Here are the best altcoins in the crypto market today.

Uniswap (UNI)

UNI, the decentralized crypto exchange token, Uniswap has seen an increase in flows compared to top altcoins. The asset surged 11% in the last 24 hours, pushing its price to $9.81. Although the weekly numbers remain in the red zone, the recent rise has rallied its community, anticipating renewed interest. UNI is down 10% this week, along with other crypto assets. Last week, crypto assets recorded a drop in sentiments after the U.S. employment data.

The rise above the top altcoins led to speculation that the asset would surpass the $10 mark.

Chain link (LINK)

LINK is trading at $16.02, up 6.7% in the past 24 hours as broader crypto assets rebound. Chainlink’s market capitalization stands at $9.4 billion while trading volumes jumped to $448 million. Like Uniswap, the weekly numbers are in the red zone after previous selloffs. Assets have seen outflows of 9.5% over the past seven days while monthly figures are up 19%.

Solana (SOL)

Solana, known for outpacing the market, gained 5% today, rebounding with recent inflows. Solana also saw an uptick in decentralized finance (Challenge) Numbers. Solana price regained $155 with a 1.5% rise in daily trading volumes. With a market cap of $71.5 billion, Solana’s growth continues to spark bullish trends.

Solana meme coins are also marking huge gains in the market as the tokens form frenzied Q1 inflows.

Read also: 3 Meme Coins with Potential Post-CPI 300X Data

David Pokima

David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in emerging technologies and has an eye for the latest news. Staying on top of trends, David has worked across several niches including regulation, partnerships, crypto assets, stocks, NFTs, and more. Far from the financial markets, David goes cycling and horse riding.

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Altcoins

The Top Three Small-Cap “Altcoin Gems” to Stack Right Now

TokenTalk Staff

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These Altcoins are expected to outperform the crypto market in May!

The crypto market is currently fragile, with sideways trading of Bitcoin and altcoins down significantly. In these uncertain times, Altcoin Buzz analyst rounded up three altcoins that have outperformed their peers. He said the analysis came from the Altcoin Buzz Alpha team, combined with current industry trends. Here is the list of parts:

Part 1: GPT Chain

The analyst said the first project on his list was ChainGPT and added that he is excited about the role of AI in the crypto space, especially where it intersects with blockchain technology. ChainGPT provides AI tools for blockchain projects, including chatbots, Solidity smart contract generators, smart contract auditors, NFT generators, and trading assistants for DEXs. It offers easy-to-use SDK and API access, making it developer-friendly.

One of its best features is the ChainGPT Launchpad, which helps crowdfund AI, decentralized social networks, and other Web3 projects. Although it fell 30% over the past month, it is up 60% over the past year, outperforming many altcoins.

Part 2: Hive Mapper

The second project on his list is Hivemapper, which is similar to Web3’s Google Maps. Built on Solana, Hivemapper has already mapped nearly 20% of the world’s roads. The project is highly decentralized with over 143,000 contributors. Solana’s speed and low fees also benefit Hive Mapper.

Hivemapper’s native token, HONEY, costs just below 7.5 cents with a market cap of $133 million. Although HONEY is down 60-65% in the last three months, it is up 350% over the last year, making it one of the best performing products.

Room 3: Clearpool

He said last on his list was Clearpool, which focuses on real-world assets. Clearpool is a decentralized credit marketplace for institutions, with KYC and AML controls for regulatory compliance.

Clearpool’s system means that high-quality borrowers do not need full collateral, unlike other DeFi protocols. The CPOOL token is currently down, but over the last 30 days it has increased by around 30-35% and over the past year it has increased by 670%, despite a recent decline.

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