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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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.

Read also : Cat-themed meme coins should be bought amid market recovery

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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The emerging altcoin season is generating excitement among crypto enthusiasts. With volatility driving interest, ChatGPT’s recommendations highlight promising altcoins poised for growth. Enthusiasts can find intriguing picks such as ARB, STRK, WIF, PEPE, and CYBRO. Stay tuned to find out which digital assets are poised to make waves in the market.

CYBRO Presale Crosses $1.4 Million Milestone: A One-of-a-Kind Investment Opportunity

CYBRO Catches the Attention of Crypto Whales as Its Exclusive Token Presale Rapidly Surpasses $1.4 millionThis cutting-edge platform offers investors unparalleled opportunities to maximize their gains in any market condition.

Experts predict potential ROI of 1200%with CYBRO tokens available at a pre-sale price of just $0.03 each. This rare and technologically advanced project has already attracted prominent influencers and crypto whales, demonstrating strong trust and interest. In an exciting development, CYBRO has also launched a reference programoffering 12% on token purchases from direct referrals, 3% on second-level referrals, and 2% on third-level referrals. Rewards are sent weekly in USDT and referrals earn double CYBRO points on their first deposit using the referral code.

CYBRO token holders will enjoy lucrative yield staking rewards, Exclusive airdropscash back on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and around 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that is truly one in a million.

Join CYBRO and aim for future returns of up to 1200%

Are Bulls or Bears in Charge of Arbitrum Price Movement?

Arbitrum (ARB) is currently trading between 74 and 83 cents, showing mixed signals. Bulls appear uncertain as the price is below the 86 cent resistance level but above the 68 cent support level. The one-week price has fallen by more than 2%, and the one-month change is down nearly 12%. However, the 10-day average price is above the 100-day average, suggesting some short-term uptrend. With an RSI of 64.26, ARB is not yet overbought but is getting close. For a breakout, ARB must first break above 86 cents, potentially reaching 95 cents, which would represent an upside of about 14%. A drop below 68 cents could send it down another 11% to 59 cents.

Starknet (STRK) Hovering Near Support, Bulls Hoping for a Bounce

Starknet (STRK) is trading between $0.56 and $0.66. The bulls appear weak, with the coin having dropped nearly seven percent in the past week and over twenty-six percent this month. Yet, it is still up over one hundred and sixty-four percent in six months. The closest support level is at $0.51, while resistance is at $0.70. The RSI is just above the average range, near fifty-eight. The stochastic is high at ninety-six, suggesting a potential overbought condition. If bullish momentum resumes, STRK could climb to the second resistance at $0.80, a potential increase of around twenty percent from the current range.

Dogwifhat (WIF) Eyes Bullish Breakout Despite Mixed Signals

Dogwifhat (WIF) is trading between $2.08 and $3.20, showing some strength but also hesitation. The price is slightly above its 10-day and 100-day simple moving averages, indicating a slight uptrend. The Relative Strength Index (RSI) is just below 57, suggesting that neither the bulls nor the bears are in control. However, the 26.63% gain over the past month suggests strong buying interest. If the momentum continues, WIF could test the $3.58 resistance level, which would lead to a potential upside of up to 12%. Breaking this level could push WIF towards its next resistance at $4.70, a whopping 46% increase from current levels. Despite mixed signals, WIF has significant room for growth.

Pepe (PEPE) struggles to break resistance amid market uncertainty

Pepe (PEPE) is currently trading in a tight range between $0.00001 and $0.000019. The bulls appear weak as the price is struggling to break above the $0.000026 resistance level. The coin’s one-week price is up by 2.66% but it is down by 6.88% over the past month. However, the six-month growth of 992.86% suggests long-term potential. The RSI of 56.25 indicates a balanced market, while the high Stochastic of 87.32 shows a potential overbought condition. If the bullish momentum resumes, PEPE could surge by 100%. For now, it remains crucial for the price to break above the $0.000026 resistance to confirm any substantial growth.

Conclusion

ARB, STRK, WIF, and PEPE show less potential in the short term. In contrast, CYBRO, a technologically advanced DeFi platform, offers investors unparalleled opportunities to maximize their gains through AI-powered yield aggregation on the Blast blockchain. Features such as lucrative staking rewards, exclusive airdrops, and cashback on purchases ensure a superior user experience with seamless deposits and withdrawals. With a focus on transparency, compliance, and quality, CYBRO stands out as a promising project that is attracting keen interest from crypto whales and influencers.

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Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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As we observe the cryptocurrency market momentum turning bullish, whales have acquired Arbitrum, XRP, and Ondo. There is a significant buying volume that, if continued, could cause these cryptocurrencies to fail in the expected altcoin season.

Whales choose Arbitrum despite crisis

It is surprising that Arbitrum is on the list of whales’ favorite cryptocurrencies. This could be the impact of the Ethereum ETF, as Arbitrum is Ethereum’s layer 2 blockchain.

At the time of writing, ARB price is $0.7204 with a 24-hour growth of 3.18%. However, this is just a guess as ARB’s YTD performance is down almost 58%.

THE ARB The collective coin forecasts do not represent a good run, but whales have shown huge interest in this altcoin. Data from IntoTheBlock reveals an 870% increase in the last 7 days in the net flow of large holders.

This metric shows the difference between inflows and outflows of large holders. A result in the positive range indicates that inflows are greater than outflows. It also means that investors are not selling the asset and accumulation has increased.

It is surprising to see that Arbitrum, under these conditions, appears on this radar. The ETH ETF must have triggered the idea of ​​investing in projects related to the Ethereum blockchain.

Ripple defies all odds

Ripple and XRP’s performance over the past few weeks has been impressive, with the asset up 25.4% over the past 30 days and 7% over the past 7 days.

A recent report from Santiment reveals that the number of addresses holding between 100 million and 1 billion XRP tokens has increased since July 13, with the price also increasing compared to the same day.

The increase in whale confidence has made XRP outperformed BTC and ETH in the recent session and XRP price was pushed back to $0.60 today.

If the acquisition goes ahead, the SEC will no longer raise any obstacles and market conditions will favor the asset, which will reach new highs in the coming sessions.

ONDO hits $1 as whales repeat accumulation

Nearly 2 months ago, ONDO recorded its all-time high at $1.42, but the trend held back to create lower lows and drop 32%. Whales seem to see this as an opportunity to buy the dip.

Over the past month, the asset has seen an increase in institutional interactions and accumulation.

According to data from IntoTheBlock, there has been a 1468% growth in the flow of large ONDO holders over the last seven days.

It was revealed that addresses holding between 0.1% and 1% of the total in circulation added more to their wallets.

If this activity is further appreciated, ONDO price could break through its ultimate resistance at $1.42.

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