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Top Altcoins Set to Outperform This Week as Crypto Bull Run Begins

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

In a recent Crypto Banter video, the focus was on the changing dynamics of altcoin investments, particularly the problematic role of venture capital (VC) in launching new tokens. He became more interested in how venture capital firms often inflate cryptocurrency valuations, making new tokens less attractive to retail investors. Additionally, it provided insight into promising altcoins that could outperform, particularly if the Ethereum ETF is refused.

Issues with VC-backed tokens

Crypto Banter criticized venture capitalists for driving up the valuation of tokens before they hit the market. Previously, the new tokens raised funds at a valuation of $20-30 million. Today, they are valued at more than $1 billion before retail investors can buy them. This means that retail investors often pay a premium and then suffer heavy losses. StarkNet is an example of this: its value fell 74% after reaching $1 billion due to low buyer interest.

Best Altcoin Picks

To counter the risks posed by these venture capital practices, it recommends several altcoins with high market capitalization relative to fully diluted valuation (FDV) ratios. This means that most of their tokens are already in circulation, reducing the risk of a sudden increase in supply. These tokens will likely perform well, especially if the Ethereum ETF is denied.

Solana (SOL)

Solana’s token circulation is 78% and growing. This is a high-conviction bet due to the extensive ecosystem and technical base.

Near protocol (NEAR)

Another good option is Near Protocol, which has 90% of its tokens in circulation. High circulation reduces the drop in token release value.

Ghost (FTM)

Fantom is particularly notable due to its recent Sonic upgrade, turning it into a high-speed sidechain for Ethereum. With most of its tokens in circulation, it presents a promising investment opportunity.

Injective (INJ)

Injective stands out for its innovation and market position. Investors who want to avoid projects dominated by venture capital may consider it.

Avalanche (AVAX)

Avalanche is a stable cryptocurrency investment due to its large market size and high proportion of tokens in circulation.

BNB (BNB)

While not traditionally a top pick, BNB’s technical chart shows promising uptrends, making it a potential buy.

Arweave (AR)

Arweave is particularly attractive since 100% of its tokens are already on the market. Its recent outperformance against Filecoin highlights its potential.

Polka dot (DOT)

With 94% of its tokens in circulation, Polkadot offers an attractive investment, especially with its recent technological upgrades.

Conclusion

It is crucial for investors looking to navigate the altcoin market amid venture-dominated projects to focus on tokens with high circulation and strong fundamentals. Crypto Banter highlights tokens such as Solana, Near Protocol, Fantom, Injective, Avalanche, BNB, Arweave and Polkadot that offer promising opportunities while minimizing the risks associated with venture capital influence.

Also discover: Top Altcoins to Watch Closely Amid Hype Over Spot Ethereum (ETH) ETF Approval



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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

Analysts Predict Bitcoin Altcoin Market to Explode 100x With 99 Bitcoins Leading

TokenTalk Staff

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Analysts Predict Bitcoin Altcoin Market to Explode 100x With 99 Bitcoins Leading

Bitcoin Ready to Bounce Above $66,000: Analysts Predict Bitcoin Altcoin Market to Explode 100x with 99 Bitcoin Leading the Way

Analysts predict Bitcoin will rebound above $66,000, while Bitcoin altcoin 99Bitcoins shows 100x explosion potential.

The cryptocurrency market has seen significant volatility, with Bitcoin (BTC) struggling to maintain support near major trendlines. Despite this, analysts remain optimistic about a rebound above $66,000. In this context, attention is also turning to alternative altcoins to Bitcoin, in particular 99Bitcoins ($99BTC)which analysts say could generate substantial gains, potentially 100-fold.

Bitcoin’s Current Struggles and Optimistic Outlook

Bitcoin has faced a tough time as its price fell below $65,000. Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD struggled to hold support near critical trendlines, losing as much as $7,900 since the downtrend began on June 9. The decline pushed Bitcoin below several important moving averages, including the 21, 50, and 100 24-hour moving averages.

Keith Alan, co-founder of Material Indicators, said: “Losing the 21, 50 and 100 day moving averages is not really a sign of strength. » Despite this, Alan remains optimistic about buying BTC at lower prices.

William Clemente, co-founder of crypto research firm Reflexivity, highlighted the importance of Bitcoin’s short-term cost of ownership, which stands at just under $64,000. Clemente noted that BTC should not close consecutive days below this level, as it generally serves as a significant trend indicator.

Analysis of the order book revealed high levels of “spoofing,” with large liquidity blocks posted and removed to influence BTC prices. Daan Crypto Trades noted, “A good number of these orders have been filled” as BTC/USD continues its downtrend.

Despite these challenges, analysts believe that the Bitcoin slowdown presents an opportunity for altcoins, especially those with strong fundamentals and innovative features.

The rise of 99Bitcoins: a revolution for learning to earn

Amid broader market struggles, 99Bitcoins has become a promising altcoin. This new Learn-to-Earn (L2E) project allows users to earn cryptocurrency by completing educational modules. With a presale exceeding $2.2 million, 99Bitcoins offers a unique approach to crypto education and engagement.

99Bitcoins presents a user-friendly platform with numerous educational resources, including 79 hours of pre-built crypto courses. The platform also relies on a large YouTube community with 709,000 subscribers and a mailing list of around 2.8 million people. This broad reach ensures that the platform can attract and retain a significant user base.

99Bitcoins users can stake their tokens to earn impressive rewards, with an annual return of 763%. This high level of participation indicates strong confidence in the potential of the project. The platform’s clean and intuitive interface makes it accessible to new crypto enthusiasts, while the staking opportunities provide incentive to maintain and support the project’s growth.

Tokenomics and strategic roadmap

99Bitcoins tokenomics are designed to create a healthy balance between supply and demand. During the presale, 10.5% of the total token supply is available. Users can earn rewards including exclusive training courses, trading signals, access to VIP groups, and mentoring.

Many tokens will be available for trading after launch, which could lead to significant price appreciation. The project roadmap outlines ambitious plans, including the official launch of the token and further platform enhancements to maximize user experience and engagement.

Airdrop campaign and market potential

To celebrate the launch of the $99 BTC token, 99Bitcoins is giving away $99,999 worth of Bitcoin via an airdrop to 99 participants of their Learn to Earn program. This campaign aims to increase engagement and reward early adopters.

Analysts like Jacob “Crypto” Bury predicted that $99 BTC could achieve a 100x increase, while others predicted a 10x gain post-launch. Other analysts, including Matthew Perry and Crypto Mischief, have discussed the substantial potential gains.

Strategic partnerships and multi-chain capability

99Bitcoins leverages strategic partnerships and compliance initiatives to improve its market position. Initially an ERC-20 token on Ethereum, 99Bitcoins plans to bridge the Bitcoin blockchain using the BRC-20 standard. This multi-chain capability combines the security of the Bitcoin network with the flexibility of Ethereum.

99Bitcoins’ strong educational foundation, staking rewards, and strategic positioning highlight its potential for significant returns. As Bitcoin and other major cryptocurrencies recover, projects like 99Bitcoins are well-positioned to benefit from increased interest and capital inflows.

LEARN HOW TO EARN WITH $99BTC

The cryptocurrency market is at a turning point, with Bitcoin’s struggles creating opportunities for altcoins like 99Bitcoins. Analysts are optimistic about Bitcoin rebounding above $66,000, while 99Bitcoins is poised to generate substantial returns with its innovative Learn to Earn model.

Traders should closely monitor these developments. The continued success of the 99Bitcoins presale and the potential for significant price appreciation post-launch highlights the rapid progression of the AI ​​crypto sector. As the market evolves, projects like 99Bitcoins are well-positioned to capitalize on the growing interest in AI and cryptocurrency education.

Stay informed about 99Bitcoins presale and future developments via their official channels at X (formerly Twitter) And Telegram. Visit the 99Bitcoins website for more information on how to participate.

Disclaimer: This is a sponsored post and the opinions contained therein do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any action related to the company, product or project mentioned in this article; nor can this article be considered investment advice. Please note that trading cryptocurrencies involves significant risks, as volatility in the cryptocurrency market can result in significant losses.

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Altcoins

Now is the ‘best’ time to stack Altcoins as it’s the final ‘bottom’: Analysts issue warning

TokenTalk Staff

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

Altcoins have begun to confuse analysts and investors, lacking clear guidance and seemingly stuck in a rut. Let us nevertheless examine the point of view of analysts wishing to decipher what is happening.

Analyst Mustache voiced optimism on its bullish outlook. Mustache cautioned against influencing short-term market fluctuations, viewing them as simply a retest, in his view.

Defi analyst Wolf dives into X and said it’s frustrating that people are complaining about RUNE’s price when all altcoins are struggling. He reminded everyone that RUNE went from $0.8 to $11 in seven months. Despite the current low interest in altcoins, RUNE’s fundamentals are at their best. He believes altcoins will soon shine again and RUNE will be one of the best performers. “We will see each other at new historic heights,” he concluded. This says a lot about what the analyst thinks about the altcoin rally.

Analyst Michael Van De Poppe wrote on You rode the wave. You wish you could have shopped here just three months ago. You will be happy for the 3-6 months you occupied during these periods.

Virtual Bacon suggested that altcoins could be about to bottom out, advising against selling at this point. For those looking to enter the market, he suggested now would be an opportune time to start taking action.

On the other hand, Poseidon highlighted that Bitcoin’s dominance respected the weekly ema21 without breaking this trend. If weekly closes begin to drop below this trend and the critical support/resistance level of 53.5%, it could pave the way for altcoins to flourish, potentially entering a phase of major gains.

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Shiba Inu Eyes Recovery, Analyst Eyes Rise to $0.0001

TokenTalk Staff

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Shiba Inu Eyes Recovery, Analyst Eyes Rise to $0.0001

Shiba Inu (SHIB) is currently eyeing a recovery surge as it slides into the oversold region, with one market analyst predicting an imminent rise to $0.0001.

The recent market bloodbath claimed many lives, and Shiba Inu was one of them. In particular, the Crypto Basic confirmed that the turmoil, which analyst Mike Deutscher attributed to “altcoin dispersion,” led to a loss of $137 billion in the combined market capitalization of the top 125 altcoins in two weeks.

Specifically, Shiba Inu lost $4.21 billion in valuation during this period, as its market cap fell to $10 billion. This is due to a fall from a high of $0.00002633 on June 5 to the current value of $0.00001820, representing a massive collapse of 31% in just two weeks.

Shiba Inu now extremely oversold

Although this decline has left many investors in a losing position, some technical indicators have slipped into bullish regions. For example, the Shiba Inu Relative Strength Index (RSI) has since fallen to an all-time low of 15, according to the market. data from CryptoQuant.

Shiba Inu RSI oversold CryptoQuantShiba Inu RSI oversold | CryptoQuant

This extremely low value indicates that SHIB is significantly oversold. This low RSI value suggests that selling pressure is very high and Shiba Inu may be undervalued. The current position of the RSI is generally interpreted as a potential buying opportunity, with market analysts expecting a price reversal or rebound soon.

With Shiba Inu Eyeing a recovery from recent lows, market participants are increasing their holdings in anticipation. Santiment data shows that small investors holding between 100,000 and 1 million tokens purchased 2 billion SHIB this month, while large whales holding at least 1 trillion SHIB accumulated nearly 500 billion tokens .

Shiba Inu addresses Santiment 4Shiba Inu addresses Santiment 4Shiba Inu Addresses | Feeling

An imminent recovery

Interestingly, market analyst Sam_TCR predicted this rally in a previous TradingView. analysis. The analysis was carried out when Shiba Inu had not fallen to this level, trading at $0.000022. With SHIB now below the $0.00002 level, the analyst’s projection of a resistance point at $0.00002320 remains valid.

According to him, if Shiba Inu manages to cross the $0.00002320 level, its next resistance will be at $0.00002550. He predicted that a push above the $0.00002550 roadblock would pave the way for an imminent rally towards the coveted $0.0001 price. Michael, another analyst, also waits a rally to the $0.0001 level.

Meanwhile, at its current price of $0.00001820, SHIB faces more formidable resistance on the way to $0.0001. The token must first break through the psychological $0.00002 level before using it as a launchpad for significant upside.

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 opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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Altcoins

Arthur Hayes Doubles Down on Dogecoin (DOGE) and One DeFi Altcoin Amid Crypto Downturn

TokenTalk Staff

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Arthur Hayes Doubles Down on Dogecoin (DOGE) and One DeFi Altcoin Amid Crypto Downturn

BitMEX Co-Founder Arthur Hayes Increases His Bullish Sentiment on Dogecoin (DOGE) and Pendle (PENDLE) despite the sudden slowdown in crypto.

Hayes tell its 524,900 followers on social media platform

“I love this choppy downward trend in shitcoin prices. I add PENDLE and DOGE to my bags.

DOGE is trading at $0.12 at the time of writing, up more than 2% in the last 24 hours. Meanwhile, PENDLE is trading at $5.65 at the time of writing, up almost 13% on the day.

Hayes, who is also an advisor to the Pendle project, was recently spotted will lock $8.4 million worth of PENDLE tokens until September 5 this year.

PENDLE, the platform’s native token, can be used to earn rewards by those who provide liquidity to the protocol. The PENDLE token lock can last up to two years and allows users to vote on governance proposals while earning 3% of all yield accrued by its Yield Bearing Tokens (YT).

Another project that Hayes said he is optimistic about is Ethereum (ETH) competitor Aptos (APT). Hayes predicted that the Aptos layer 1 (L1) smart contract blockchain will surpass Solana (GROUND) this market cycle in one to three years.

Aptos is trading at $6.81 at the time of writing, up more than 2% in the last 24 hours.

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