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VCs Hold 1,100% Gains on These Altcoins, But for How Long?

TokenTalk Staff



Venture Capitalists Hold 1,100% Gains on These Altcoins, But They Might Dump Soon

Venture capitalists have been making huge gains on a select group of altcoins. However, recent indicators suggest that these investors may be considering selling their holdings soon.

This outlook underscores the need for cautious optimism among token holders. While decisions to hold or sell altcoins can have a significant impact on the overall profitability of these VCs, the ripple effect will likely extend to other investors.

Heavy Dumping Pressure: VCs Could Sell Altcoins at 1,100% Gains

Ethereum Name Service (ENA), Renzo (REZ), Ondo Finance Holders of (ONDO), Dymension (DYM), Saga (SAGA), and Celestia (TIA) tokens could be treading on dangerous ground. Data platform Dune Analytics shows that VCs have an unrealized profit of 1,100% on these altcoins, creating significant dumping pressure.

High dumping pressure indicates strong selling sentiment in the market or perceived risks associated with altcoins. This could lead to losses for token holders as VCs reevaluate their investment strategies and consider rebalancing portfolios.

“There are better ways to make money in this market than waiting for the inevitable drop in high FDV/low market cap tokens,” said cryptocurrency researcher Emperor Osmo. warned.

In particular, as destocking pressure weighs heavily, they could diversify into other assets, adjust their risk exposure or implement hedges. These strategies, which would protect them against market declines, could affect token holders who are not forward-thinking.

Learn more: Best Cryptocurrencies to Buy Now: Top Cryptocurrencies to Watch in July 2024

VC Holdings. Source: Dune

BeInCrypto contacted Hitesh Malviya, the founder of chain analysis The DYOR platform discussed the different risk levels of VC-backed tokens. When asked about the tokens with the highest risk of VC sales, Malviya cited AltLayer and Connext. On the other hand, he considers zkSync and LayerZero to have a lower risk spectrum, suggesting that these tokens have a more stable investment base.

Malviya cites Dimo ​​as an example of a token that saw heavy venture capital investment and suffered greatly after a selloff. Despite substantial support, Dimo ​​remains underwater after the venture capital selloff, which serves as a warning in the volatile cryptocurrency market.

Venture capitalists flock to the hottest stories of 2024

A close look at altcoins shows that they participated in some of the hottest narratives in 2024. Among them, ONDO was at the heart of the real-world asset (RWA) narrative, with Congress meets to discuss tokenizationThis year, the sector has attracted mainstream attention. Cryptocurrency-focused companies, global bankers, and asset managers like BlackRock are driving this interest.

Ethereum Name Service has also been the subject of intense interest in 2024. The protocol allows users to use easy-to-remember domain names for their cryptocurrency addresses. As the future of Web3 takes center stage, ENSbuilt using Ethereum smart contracts, has seen growing adoption. In tandem, Open interest in the token hits multi-year highs Monday.

For REZ, a liquid staking token, interest in Renzo protocol increased after crypto exchange Binance added it to the Launchpool programThe staking narrative also played a role in Celestia, with the price of the TIA token reacting across major cryptocurrency exchanges Enabling Token Staking.

Learn more: What are the best altcoins to invest in July 2024?

On the other hand, SAGA, a GameFi Layer 1 blockchain token, rose to fame thanks to the tailwind of a airdrop campaign involving partnerships with more than 100 projects.

Infrastructure companies that attract the most early-stage investment during peak periods in the sector make sense. As the hype around these companies stories With the emergence of new themes, VCs can identify interesting new projects to allocate their funds to and diversify their portfolios.


In accordance with the Trust Project In accordance with its guidelines, BeInCrypto is committed to providing unbiased and transparent information. This news article aims to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decision based on this content. Please note that our Terms and conditions, Privacy PolicyAnd Disclaimer have been updated.


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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The Best Altcoins That Could Buy You a Brand New Sports Car by 2025

TokenTalk Staff



The Best Altcoins That Could Buy You a Brand New Sports Car by 2025

The cryptocurrency market seems quiet, holding its breath waiting for the next bull run. Altcoins, in particular, are still at attractive entry points but are showing signs of imminent growth. The potential for significant returns is attracting attention, especially for those looking to make high-stakes investments. Imagine the possibility of turning a smart trade into a brand new sports car by 2025. With the right choices, this dream could become a reality. This article takes a look at the top altcoins that are ready to explode, ready to surge and generate impressive profits. Discover the coins to watch and consider adding to the portfolio for those looking to navigate the dynamic world of cryptocurrencies.

CYBRO Presale Surpasses $1.3M: A One-of-a-Kind Next-Gen DeFi Investment Opportunity

CYBRO Catches the Attention of Crypto Whales as Its Exclusive Token Presale Rapidly Surpasses $1.3 million. This Next-Generation DeFi Platform offers investors unparalleled opportunities to maximize their gains in all market conditions.

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 crypto influencers and whales, demonstrating strong trust and interest.

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 64 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%

Solana Eyes Big Gains: Are Bulls Ready to Charge?

Solana (SOL) is confidently trading between $159.43 and $197.36, which shows bullish potential. With its current price rally over the past week and month, the bullish momentum seems strong. The next resistance level at $210.22 could be a key target. If it is broken, Solana could target $248.15, which indicates a solid growth opportunity. The 10-day moving average of $179.92 suggests a short-term uptrend, while the 6-month price rally of over 112% suggests significant long-term potential. If SOL overcomes the resistance, it could see gains of almost 25%. Current indicators like the RSI at 53.33 show room for growth, while a higher MACD level supports this bullish outlook.

Toncoin Aims for Breakout as Market Rebounds

Toncoin price is currently trading between $6.90 and $7.55, showing mixed signals. Despite a recent decline, the bulls could soon gain strength. The closest resistance level is at $7.93, with another hurdle at $8.58. Support is found at $6.62, providing a safety net. Toncoin’s small 0.83% decline over the past month may seem discouraging, but let’s not forget its massive 232.06% rise over the past six months. The Relative Strength Index (RSI) at 32.74 suggests that it is oversold, hinting at a potential rally. If momentum builds, Toncoin could surge by around 15-25%, retesting its next resistance levels in the near term.

Is Polygon (MATIC) Ready for a Bull Run?

Polygon (MATIC) is holding between $0.52 and $0.57. The bulls are showing signs of strength as the current price remains close to the 10-day and 100-day simple moving averages around $0.54. With the RSI at 50.58, it is balanced, neither overbought nor oversold. This signals potential stability before an uptick. If the bulls break the $0.60 resistance, MATIC could target $0.65, a gain of over 10%. The bears appear weak below $0.48, which indicates strong support. If the market sentiment shifts positively, MATIC could see significant growth. Keep an eye on the $0.60 level – breaking it could be a bullish signal.

Avalanche (AVAX) Shows Consistent Gains with Promising Growth Potential

Avalanche (AVAX) is showing strong signs of bullishness. Currently trading between $28.31 and $35.01, its price has increased by over 22% in the past week alone. With the nearest resistance at $37.37 and the next one at $44.08, AVAX could increase by over 25% if it breaks these levels. The support at $23.95 and the next one at $17.24 suggest a solid safety cushion. The RSI of 61.58 indicates moderate buying pressure, while a MACD level above zero reaffirms the bullish momentum. If this trend continues, AVAX could outperform and attract more investors during this altcoin season.


SOL, TON, MATIC, and AVAX show less potential in the short term. The spotlight is on CYBRO, a sophisticated DeFi platform that maximizes gains through AI-powered yield aggregation on the Blast blockchain. CYBRO offers features such as lucrative staking rewards, exclusive airdrops, and cashback on purchases. Its seamless deposit and withdrawal process, coupled with transparency, compliance, and quality, make it a standout option. The strong interest from crypto whales and influencers further solidifies CYBRO as a promising investment opportunity.





Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.

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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Top Solana-based altcoins saw 2x surge this week

TokenTalk Staff




As the Solana ecosystem experiences explosive growth amidst the cryptocurrency rally, Solana-based altcoins are quick to jump. As SOL price approaches the $200 level for a potential breakout, these altcoins could find additional momentum for a 2x rally this week.

For a strong and bullish end to July, here are the top Solana-based altcoin picks for a massive run this week. So, let’s take a closer look at their price charts for a deeper understanding.

Solana-Based Altcoins to Watch: Jupiter (JUP)

With a market cap of $1.39 billion, the JUP token price is showing a bullish rally, gaining momentum as the broader market recovers. In the daily logarithmic price chart, the Solana-based altcoin is showing a double-bottom reversal from the $0.68797 support level.


With the breakout of the neckline at $0.88, JUP price action is ending the correction phase with a descending channel pattern. Moreover, the altcoin is up 56% in the last two weeks, but the recent intraday decline of 5.41% is testing the psychological mark of $1.

If the bullish momentum continues with a reversal after the retest, Jupiter token price could reach the 50% Fibonacci level at $1.32. On the upside, $2 and $2.75 are potential upside targets for JUP token.

Raydium (RAY)

Trading at $2.39, the 10.86% intraday decline undermines Sunday’s 10.47% bullish engulfing candle. With a market cap of $630 million, the Solana-based altcoin is testing the 50% Fibonacci level at $2.38.


Over the past two weeks, RAY price recovery is recording a 72% surge for a breakout of the consolidation zone. Despite the 85% reduction from the all-time high of $16.93, the altcoin is preparing for a strong close this month.

As the intraday drop is a retest, the continuation of the RAY price uptrend could reach the $4.11 mark.

Pyth Network (PYTH)

With a market cap of $1.29 billion, PYTH price action is showing a breakout from the descending channel as the rally gains momentum from $0.27. Moreover, the altcoin has surged 35% in two weeks to challenge the 23.60% Fibonacci level at $0.3772.



Moreover, in the daily price chart, the Solana-based altcoin is showing a channel breakout rally ready to reach $0.54. In optimism, the upside could reach $0.81.


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BTC and ETH rallies, SOL, XRP and DOGE lead strong rise in altcoins

TokenTalk Staff



BTC and ETH rallies, SOL, XRP and DOGE lead strong rise in altcoins

Cryptocurrency prices have shown mixed movements today. Some coins are currently trading in the green while others are in the red zone. Several news and updates have affected the market trajectory since last weekend, such as Joe Biden’s withdrawal from the US presidential race, the Wazirx exchange hack, and the upcoming batch of Mt. Gox Creditors Repay.

However, major cryptocurrencies have shown resilience after these updates. Bitcoin price, for example, has maintained its position above $67,000 while Ethereum continues to trade above $3,400. Moreover, as investor sentiment continues to improve, the performance of other altcoins has also been remarkable. The Crypto Fear and Greed Index, a metric used to measure investor sentiment, shows that investor sentiment has jumped to “greed,” sitting at 70 points. At the same time, the total market cap has edged up by 0.87% to $2.46 trillion. Let’s take a look at the major cryptocurrency prices in the market over the past 24 hours.

Source: Alternative

Major Cryptocurrencies Price Update

Following the announcement of Joe Biden’s withdrawal from the presidential race, Bitcoin witnessed selling pressure that pushed the price down to $65,000. However, less than 24 hours later, the flagship cryptocurrency surged 1.10% to $67,648. Furthermore, it can be seen from its 24-hour trading volume that the activities surrounding the coin increased significantly by 78.29% to $32.2 billion. Notably, the spot Bitcoin ETF inflows as of July 19 were $383.6 million according to Soso Value DataThe total cumulative net flow amounts to $17.01 billion.

The altcoin market is experiencing mixed movements. Leading the pack, Ethereum (ETH) has added 0.09% to its value at the time of writing to trade at $3,500. Anticipation of the upcoming launch of an Ethereum ETF could be considered the main trigger for the recent surge. While investors wait, the price of ETH has hit lows and highs of $3,430 and $3,560 respectively.

Other Altcoin Prices

Solana (SOL) price has seen a 4.41% increase to reach $180. Moreover, the fifth-largest cryptocurrency has seen lows and highs of $171.23 and $184 respectively. In retrospect, SOL has seen an impressive trajectory as the weekly chart shows a significant 18.61% increase in its value.

Ripple-backed XRP token surged 5.60%, surging above $0.6 to trade at $0.616. Interestingly, XRP traded between $0.5775 and $0.6173 in a day.

Meanwhile, Binance Coin (BNB) climbed 0.77% to $600, maintaining a low and high range of $583.50 and $605 respectively. However, Toncoin (TON) declined 1.51% to $7.03. Its one-day lows and highs were $7.01 to $7.22.

Flagship memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) have been on the rise over the past 24 hours. While DOGE has seen a notable gain of 5.56%, SHIB has seen a marginal increase of 0.32%. As a result, DOGE and SHIB are now trading hands at $0.139 and $0.00001783 respectively.

Cat in a Dogs World (MEW) jumped 42.09% to $0.0082

AMC (AMC) rose 19.25% to $0.0000000668

Celestia (TIA) climbed 15.12% to $7.47

TARS AI (TAI) climbed 10.60% to $0.116 (ETHFI) jumped 7.29% to $2.58

Manta Network (MANTA) climbed 4.39% to $1.06

The majority of cryptocurrencies in the market resumed the week of July 22 in the green. While the overall outlook looks positive and impressive, it will be interesting to see how long it will hold and how the week will end.


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News Explorer — Bitcoin’s surge sparks optimism in crypto market, with Solana leading altcoin gains

TokenTalk Staff



News Explorer — Bitcoin’s surge sparks optimism in crypto market, with Solana leading altcoin gains

July 22, 11:23 a.m.


Bitcoin surge sparks optimism in crypto market, with Solana leading altcoin gains

Bitcoin’s price surge past $68,000 brought renewed optimism to the cryptocurrency market. Solana (SOL) emerged as the favorite among altcoins, with a price increase of 4.2%. Other altcoins like Dogwifhat (WIF), Avalanche (AVAX), and Dogecoin (DOGE) also saw gains. The total market capitalization of altcoins reached $1.34 trillion.


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