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Altcoins

The best Altcoins to stack as the market recovers from a recent correction

TokenTalk Staff

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The crypto market’s bullish trend fades overnight as US jobs data limits the chances of a rate cut. Against the broader market anticipation of a rate cut, the crypto market collapsed, with altcoins seeing double-digit falls.

Amid the fall, meme coins and some of the top performers known for their massive rise last week or month are taking a huge hit. With $360 million in long liquidations yesterday, fear is growing in the market.

However, it has proven over time that the best time to invest is when the markets are bleeding. Likewise, the overnight bloodbath provides buying opportunities for some of the top performers, which are expected to recover quickly ahead of the June 12 FOMC meeting.

So let’s take a quick look at the list of best altcoins to stack before the market rebounds from the recent correction.

PEPE coin (PEPE)

With an impressive growth record over the past month, PEPE price trend takes a conservative approach this week. Starting June on a slightly bearish trajectory, the altcoin is down 14.78% over the past eight days.

Commercial view

Showing weakness at the start of the month, the meme coin took a huge hit with an overnight drop of 10.94%. During this fall, PEPE price tests the 50D EMA to rebound with a lower price rejection.

This increases the possibility of a bullish reversal and reveals demand at lower levels. The upside potential for the PEPE token in June is $0.00002198.

Dog Hat (WIF)

Another coin that saw huge success last night, Dogwifhat, offers the opportunity to buy at lower levels. The altcoin price trend shows a strong support trendline in action in the daily chart. The ascending trendline has provided several bounces for the meme coin over the weeks.

Trading View

After the end of the pullback phase with the breakout of the trendline on the 1D chart, WIF price is in an uptrend. However, the 11.58% overnight decline is holding above the trendline with the formation of a long bearish tail candle.

Therefore, the uptrend continues despite the overnight drop and expects a rebound in the coming days. A bullish rise in WIF price could reach the $4.75 mark.

Singularity.NET (AGIX)

Besides meme coins, AI tokens have exhibited massive jumps in the recovering crypto market. However, the pullback phase of AGIX price falls below the 50D EMA and the support trendline.

Trading View

The overnight market decline causes the AI ​​altcoin to drop significantly, representing a 9.98% price drop. This boils down to a price drop of 14.52% in 48 hours, creating two bearish engulfing candles.

However, the fall tests the 200D EMA and the $0.73 support level with a decline to the 50D EMA. Nonetheless, the weaker price rejection at this crucial demand level could propel the uptrend to reach the trend-based Fibonacci level of 23.60% and reclaim the psychological $1 mark.

Ocean Network (OCEAN)

With a decline phase visible on the daily chart, the OCEAN price trend is under bearish influence. The pullback phase forms a resistance trendline to create a declining triangle in the 1D chart.

Commercial view

As the altcoin tests the 200D EMA with a 9.67% crash overnight, the fall could continue if the market recovers after a break. However, a chance of a bullish reversal is significant with weaker price rejection despite bullish dominance at the $0.78 demand zone under tension.

A reversal turning into a breakout rally will send the altcoin price surging towards the $1.40 mark.

Notcoin (NOT)

Telegram meme coin Notcoin shows critical pullback with Bitcoin price slipping below $71,000. NOT price moves below the $0.020 support level and tests the 50D EMA.

Commercial view

Nonetheless, the prevailing uptrend supports the bullish sentiment and the altcoin is well above the 1.618 Fibonacci level. Additionally, in the 4H chart, the rebound from the 50 EMA heralds a recovery ready to create a new all-time high.

The coin’s upside potential even hints at a potential breakout from $0.029 to reach $0.050 by the end of June.

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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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