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Crypto Pundit Lists 4 Altcoins To Buy Once The Bitcoin Price Bottoms

Crypto analyst DonAlt has listed four altcoins he will buy once he believes that Bitcoin’s price has bottomed. The analyst further provided insights into why he is particularly bullish on these altcoins. 

Ethereum Is Number One On The Altcoins List

DonAlt mentioned in an X (formerly Twitter) post that he will buy “ETH, DOGE, LTC, and maybe PEPE” whenever he believes BTC has bottomed. In a video posted on his YouTube channel, he gave insights into why he was bullish on these crypto tokens, especially Ethereum.

The crypto analyst mentioned that Ethereum is now low enough for him to be comfortable with buying. He also suggested that the crypto token was likely a good buy at this price level, stating that it is currently having a good price action (especially on the weekly chart) with Bitcoin struggling. 

DonAlt added that Ethereum will likely experience a good breakout as Bitcoin struggles and that its underperformance could be over soon. However, DonAlt hasn’t bought Ethereum yet. He revealed that he will bet on Ethereum if Bitcoin reclaims $62,000. 

The analyst further suggested that Bitcoin reclaiming this level would determine whether or not the bottom was in. To support his stance, he noted that many altcoins are struggling to hold their support levels due to Bitcoin’s breakdown. However, if Bitcoin were to reclaim $62,000, the rest of the market would likely pick up, too. 

Meanwhile, DonAlt remarked that Ethereum could move to $4,000 if it manages to close above $3,000 on its weekly chart. He further stated that this is the most bullish he has been on the second-largest crypto token in years. 

Why Dogecoin (DOGE) And Pepe (PEPE)

DonAlt didn’t give an exact reason why he was looking to buy Litecoin other than the fact that it is an old coin. However, he gave insights into why he was bullish on the other two altcoins, Dogecoin and Pepe. 

According to him, the foremost meme coin is still likely to reach $1 if Bitcoin hasn’t topped out, which presents an opportunity to make a lot of money. Interestingly, he had previously claimed that Dogecoin was a better investment than Bitcoin. He also revealed that he is waiting for Dogecoin to drop to around $0.11 before buying, although he is still comfortable with buying around $0.15 if it doesn’t. 

Meanwhile, as to why he is bullish on Pepe, he suggested that the meme coin was a good buy because of its recent performance. He went as far as comparing it to Dogwifhat (WIF) and claimed that he would pick Pepe over it because Pepe is on a “non-joke-like chain” (Ethereum), unlike WIF, which is a “meme on a meme chain” (Solana).

Ethereum price chart from Tradingview.com (Altcoins)

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Altcoins In Trouble As Seasoned Analyst Predicts 40% Drop In Prices

Altcoins have suffered more in the crypto market following the Bitcoin price crash, leaving a lot of investors in losses. This is not out of the ordinary as these altcoins are known to have a higher volatility compared to Bitcoin, hence, their price swings can be more pronounced. Given the recent decline, the expectation is that the altcoins will recover. However, one analyst does not agree with that assessment.

Altcoins Headed For 40% Crash

In an analysis posted on X (formerly Twitter), seasoned crypto analyst Benjamin Cowen shocked the crypto community with his expectations for altcoins. According to the analysis, the worst is far from over for the altcoin market, as there are still more crashes to come.

Cowen explained that this was analyzed using altcoins versus Bitcoin pairs, and it seems each one looks weak against the apex cryptocurrency. This is due to the expected rate cuts, and historical performance suggests that a decline will follow.

The crypto analyst pointed to the 2019 rate cuts and how altcoins had reacted to that development back then. Following the rate cuts, altcoins plunged against Bitcoin, with major players recording up to 40% losses during this time. “Perhaps this time is not different? This would mean ALT/BTC pairs drop another 40% from here over the next few months,” Cowen said.

Cowen expects this to place out regardless of what happens in the market in the meantime. He explains that even if the market does recover in the short term, it does not invalidate the thesis. “Short-term countertrends do not invalidate this view,” he stated.

If this repeats, then it could turn an already harsh market trend even bloodier. The altcoin market cap has already fallen below $1 trillion as of the time of writing, but a 40% decline from here could send it as low as $600 billion.

Bitcoin Crash Drags Down Crypto Market

While the Bitcoin crash has been brutal, the impact on altcoins has been much more pronounced. Ethereum has held up nicely with less than a 4% decline during this time, but others such as Stacks (STX), Arweave (AR), Neo (NEO), and Sei (SEI) are down an average of 9% in the last 24 hours.

Meme coins were also not left out of the bloodbath, with market leader Dogecoin dropping 6% to $0.126 and Pepe (PEPE) plunging 7.74% to $0.0000063. Bonk (BONK) recorded a 5% decline to eliminate some of its gains from last week, and Shiba Inu fell 4.18%.

Amid all of this, though, there have been some market winners, with Optimism (OP) recording 12% gains. Cosmos (ATOM) followed with a 9.8% increase, and Starknet (STRK) rose 9%, making them the top gainers of the day, according to data from Coinmarketcap.

Altcoins total market cap chart from Tradingview.com (Crypto)

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Crypto Analyst Says Altcoins Are About To Enter A Parabolic Curve, Here’s Why

Expectations for the crypto industry are still high, and altcoins, in particular, are expected to do well. One crypto analyst known as El Crypto Prof on X (formerly Twitter), shares this sentiment, expecting the altcoin market to go on a parabolic rally.

Altcoins Are Set To Explode

In a post on X (formerly Twitter), the crypto analyst highlighted why the altcoins market was said to explode. The chart attached to the post showed previous bull cycles for the crypto market and why the current muted performance from the market was normal.

For example, back in 2016, the crypto market went into accumulation mode after the Bitcoin halving, where altcoins stalled for a while before picking up. The same was the case in 2020 as well following the Bitcoin halving, with accumulation dominating the market for a few months before bouncing.

The same trend is repeating itself in 2024 after the Bitcoin halving was completed a week ago. Looking at the chart, the crypto analyst highlights this accumulation trend is happening once again. But this is not the only thing that is repeating itself.

Following each period of accumulation has been the backtest, and a successful confirmation above this point has always begun the altcoin rally. The analyst points out that this backtest is already happening, and from here, altcoins could see a significant explosion.

They further explain that if the trend continues like it did in 2016 and 2020, then the altcoins market could see “months of glory ahead.” This could easily see the total altcoin market cap double like it did in 2016 and 2020, and given the current market cap of around $1 trillion, the market cap is expected to cross $2 trillion. “Anyone who is bearish here obviously hasn’t done their homework,” the analyst warned.

Crypto Market Still Bullish

Despite the price declines that have rocked Bitcoin and altcoins over the month of April, the market remains bullish. One indicator of this is that the Crypto Fear & Greed Index continues to trend in the greed territory, meaning investors are still willing to put money in the market.

Rekt Capital, another crypto analyst, also backs up Crypto Prof’s analysis. The analyst also took to X (formerly Twitter) to reveal that the Bitcoin price is also in an accumulation phase, which he refers to as the “Re-Accumulation period.” However, the analyst believes that many will miss the subsequent breakout, saying, “Months from now, nobody will remember this Re-Accumulation period. But everybody will remember the Parabolic Phase that comes afterwards.”

Altcoins total market cap chart from Tradingview.com (Crypto)

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Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why

Crypto analyst Crypto Banter has provided insights on whether or not it is the right time to buy altcoins. Specifically, the analyst had reservations about the idea that it was best to buy altcoins that showed quick recovery after a market decline like the one experienced over the weekend.

Not The Best Time To Buy Altcoins

In a live video on his YouTube channel, Crypto Banter warned crypto investors against “sheepishly” buying altcoins, especially crypto tokens that recovered quickly after the flush. He claimed that anyone who buys these tokens might fall into a “classic trap.” To avoid this trap, he advised that it might be best not to buy these altcoins now despite their impressive recovery so far. 

Crypto Banter made these statements based on his belief that the bearish sentiment isn’t over and that there will still be a lot of “tensions” in the market.  Therefore, he noted that the best strategy to deploy in investing at this point is to use dollar cost average (DCA) in altcoins that have shown strength while being wary of the ones with bad tokenomics. 

He again warned against investing in altcoins that have recovered quickly, stating that this doesn’t mean those crypto tokens have “relative strength.” He further elaborated that to gauge the relative strength of a crypto token, one has to look at how much it dropped and how much it recovered after that. 

How To Make Your Buy List

Crypto Banter also provided a guide that crypto investors could follow when compiling an altcoin buy list. He suggested that the key was to choose between the altcoins that have recovered the quickest and are showing relative strength and the ones that are relatively still cheap. 

He gave the example of Ondo (ONDO) as one crypto token that has shown relative strength. Although it experienced a drawdown of 47%, it has recovered and is now just about 6% down from its peak. Toncoin (TON) also falls under this category, as he showed how the crypto token dropped down over 30% recently but has already recovered and is just 9% from its peak. 

On the other hand, he highlighted RUNE as a “really cheap” crypto token, as it is down about 52% from its peak. He added that RUNE also happens to be a good recovery token. Crypto Banter also mentioned Arweave (AR) as another quality and cheap token, noting that it is about 41% down from its peak, meaning that one could get a good bargain from it. 

Meanwhile, he added crypto tokens that have been unaffected by the dips as the third category of tokens that crypto investors could add to their buy lists. 

Crypto total market cap from Tradingview.com (Altcoins)

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Crypto Expert Releases List Of Top 10 Altcoins To Buy For Maximum Profit In The Bull Market

Crypto expert Michaël van de Poppe has repeatedly stated that altcoins are still greatly undervalued heading into this bull run. Now, he has published a list of altcoins that he believes can provide investors with maximum returns. 

Chainlink Is Top Of The List

In an X (formerly Twitter) post, Van de Poppe listed Chainlink (LINK) as the number one altcoin he believes has so much potential. He explained that Chainlink’s valuation is currently at a cycle low and has dropped by 40% since its recent peak. As such, this decline presents a “massive opportunity” since LINK is still likely to make more moves to the upside. 

The second altcoin that Van de Poppe listed is Celestia (TIA). He noted that TIA is a relatively new project and would likely be a “massive gainer” in this market cycle. Considering that TIA is currently down 61% from its recent peak, the crypto expert claims this is a “giant opportunity” for those interested in investing in the token. 

The third token on Van de Poppe’s list is Arbiturm (ARB). The crypto expert alluded to the massive ARB token unlock in March, which caused a lot of selling pressure. He also suggested that this is probably one of the reasons its valuation has dropped by 60% in the past month. However, he is bullish on Arbitrum as he considers the network a “strong Layer 2 Rollup system” and believes the ARB token could be one of the strongest gainers in this cycle. 

Polkadot (DOT) is the next altcoin Van de Poppe mentioned. The analyst claims DOT’s valuation is still at a cycle low, which has opened up a “large opportunity” to invest in it. ATOM (Cosmos) is another altcoin that the crypto expert believes is still greatly undervalued and could provide significant returns for investors. 

Other Altcoins On The List

Van de Poppe mentioned DYDX (DYDX) as another altcoin with great potential. He revealed that the crypto token is reaching a cycle-low level in the Bitcoin pair. He expects the token to make a significant move to the upside once it is done consolidating. The crypto expert also listed WooNetwork (WOO) as another DeFi token that is greatly undervalued. 

Meanwhile, SEI (SEI), like TIA, is another relatively new project he believes will likely outperform other major crypto tokens in this upcoming cycle. He also acknowledged that newer coins also have the potential to enjoy more gains than tokens that have been around for a while. 

Skale Network (SKL) and Covalent (CQT) completed Van de Poppe’s list of ten altcoins that he believes are undervalued and could do well in this bull run. 

Crypto total market cap chart from Tradingview.com (Altcoins)

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Forget Bitcoin, Altcoins Are The Winners Of This Cycle, Crypto Analyst Says

All eyes look to be on the flagship crypto, Bitcoin, ahead of the Bitcoin Halving, as market analysts predict further upside moves for the crypto token. However, crypto analyst Jason Pizzino recently made a strong case for altcoins like Ethereum (ETH) and Solana (SOL) and why much focus should also be placed on them. 

Ethereum And Solana Still Primed For Strong Moves Ahead Of Bitcoin

Pizzino suggested in a video on his YouTube channel that Ethereum could experience a breakout in the coming months. This came following his analysis of the ETH/BTC pair, in which he noted that Bitcoin was currently taking the spotlight with new all-time highs (ATH) while ETH looks to be consolidating. 

As highlighted by the analyst, this is similar to the previous bull run when ETH consolidated while Bitcoin was hitting new ATHs. However, ETH experienced a significant rise soon after then while Bitcoin cooled off. As such, if history were to repeat itself, ETH could once again enjoy a trend reversal soon enough and make a parabolic move to the upside.

Pizzino also mentioned SOL as another altcoin that can potentially move to new prices against Bitcoin’s value. In the last bull run, the crypto token also experienced significant moves to the downside as Bitcoin hit new ATHs. However, a trend reversal quickly followed afterward, with SOL enjoying moves to the upside. 

Therefore, SOL, like ETH, could be primed for price surges if history were to repeat. Pizzino added that this is a time to be aware and see any price dip as a buying opportunity to position for these price gains that could be on the horizon. 

Ethereum Showing Some Strength 

Crypto analyst Michaël van de Poppe echoed Pizzino’s sentiments in a post on his X (formerly Twitter) platform. While analyzing the ETH/BTC pair, he noted that ETH’s price hasn’t made any significant move against Bitcoin’s as of yet. However, he added that it is a “good sign to see some slight strength in Ethereum.”

Like Pizzino, van de Poppe also expects Ethereum to make a massive move against Bitcoin’s value soon enough. The crypto expert explicitly stated that he still expects “a lot” from the second-largest crypto token by market cap. Besides Ethereum, van de Poppe has continued making a case for other altcoins as he believes they are still undervalued. 

In another X post, he highlighted that altcoins are down between 25% and 40% from their recent highs. However, van de Poppe remarked that this is the perfect time to take positions and that these consolidations should be seen as opportunities rather than a drawbacks. 

Bitcoin price chart from Tradingview.com

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Why Is The Price Of LUNC And USTC Up Today?

The prices of LUNC and USTC have both seen a considerable boost in the past day. But although there has been a bit of a recovery in the crypto market, another reason entirely is behind this surge in price and it has everything to do with the currently incarcerated founder of the Terra blockchain, Do Kwon.

Terra Founder Gets Released

Do Kwon, the founder of the billion-dollar Terra blockchain, which collapsed in 2022, has been in prison in Montenegro for months now after being apprehended with fake travel documents. Since then, there have been numerous efforts by both the United States and South Korean governments to get the founder extradited for prosecution in their respective countries to no avail.

Between the two countries vying for extradition, there have been reports that the Montenegrin court is leaning toward extraditing him to South Korea to face charges for the collapse of the blockchain. Despite this, the founder remains in Montenegro as a final decision on his extradition has yet to be made.

While the courts deliberate on where to send the founder, Do Kwon has finally secured a release from prison in Montenegro. According to the release reports, Do Kwon is expected to remain in the country until the courts decide his fate.

Prison Chief Darko Vukcevic confirmed Do Kwon’s release from prison as he says that the disgraced founder has served the entirety of his sentence for the fake travel documents. He was reportedly released on Saturday, March 23, and is currently under house arrest.

LUNC And USTC React To Do Kwon’s Release

The prices of USTC and LUNC have reacted positively to the news of Do Kwon getting released on Saturday. After the news made the round, the prices of both altcoins saw a significant uptick, turning green despite the crypto market continuing to struggle.

The LUNC price saw an over 10% jump from its Sunday lows of $0.00015, reaching as high as $0.000172 before correcting back downward. In the same vein, the USTC price also recorded a 10% increase during this time, going from $0.028 to peak at $0.031.

So far, both altcoins have been able to maintain their gains in the last day, which could signal a continuation in the uptrend. Right now, there is not much resistance for both assets and if Bitcoin continues to rise, then both USTC and LUNC are expected to follow.

At the time of writing, LUNC is trading at $0.0001672 with a 24-hour gain of 9.4%, and USTC is trading at $0.0303 with a 24-hour gain of 5.39%, according to data from Coinmarketcap.

LUNC price chart from Tradingview.com (USTC)

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Crypto Expert Says Dogecoin, Shiba Inu, PEPE, Others Are About To Explode

Crypto analyst Michaël van de Poppe has laid a bullish narrative for altcoins, predicting that these crypto tokens will make a significant run of theirs soon. This prediction is based on his belief that altcoins are still undervalued compared to the flagship crypto, Bitcoin. 

Crypto Analyst Says Altcoins Are About To Explode

Michaël van de Poppe mentioned in an X (formerly Twitter) post that “there is still around 40-60% market capitalization to gain for the altcoins.” In a subsequent X post, he noted that the valuations of these crypto tokens in their BTC pairs are still relatively low, and that suggests that “strength is still to come,” he claimed. 

The analyst believes that the valuation of these altcoins should be done using their “Bitcoin values” and no other way. If that is done, he remarked that one will be able to see that “most altcoins are still heavily undervalued compared” to the flagship crypto. Meanwhile, he hinted that altcoins will enjoy these significant gains once Bitcoin consolidates. 

In a video posted on his YouTube Channel, Michaël van de Poppe elaborated on the correlation between Bitcoin and these altcoins. The analyst stated that Bitcoin hitting new highs means that there is more money in the market and that this money will rotate to other crypto tokens soon enough. 

Once that happens, he expects these altcoins to make significant returns that might be underestimated because of the bear market stigma. Meanwhile, Michaël van de Poppe predicts that altcoin season will come in different rounds. The first one will see these crypto tokens coming close to their all-time high (ATH) or even breaking it, as seen with some already. 

The Best Time To Have Bought Altcoins 

Michaël van de Poppe had previously prepared his followers for this imminent altcoin season when he advised them on the right time to buy these crypto tokens. Back then, he mentioned that the best time to invest in altcoins was “6-10 months prior to the Bitcoin Halving.”

The analyst called that one correctly, seeing as altcoins have made significant runs since then alongside Bitcoin. AI and Meme coins, in particular, have led the way, with tokens like the foremost meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), seeing a significant increase in their market cap. 

Despite the tremendous run these tokens have made so far, there still seems to be an opportunity for investors to position themselves, considering that Michaël van de Poppe mentioned that they are still undervalued. 

Dogecoin price chart from Tradingview.com (Crypto)

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Crypto Expert Says ‘Prepare Yourself’ For Massive Altcoin Run, Here’s Why

Cryptocurrency analyst, Michael van de Poppe has alerted the broader cryptocurrency community about an upcoming altcoin rally. The analyst has cited the recent upward trend experienced by Bitcoin as a positive signal for this prediction. 

Get Ready For Major Altcoin Run

In a recent X (formerly Twitter) post, Poppe suggested that altcoins are poised to become the next in line for the 2024 bullish momentum. Citing Bitcoin’s recent upward surge to over $60,000, the crypto analyst has disclosed that this substantial price increase is a clear signal for a potential altcoin rally in the market. 

He predicts that during this potential altcoin run, major cryptocurrencies may experience substantial surges that could potentially push their prices far above their previous all-time highs. In light of this, the crypto analyst has advised the broader cryptocurrency community to remain vigilant and make necessary preparations for this anticipated bullish event. 

Lately, market sentiment has been indicating a shift from Bitcoin investments to meme coins and other major altcoins. Just last week, a Solana-based memecoin, Dogwifhat (WIF) experienced a massive surge, propelling its price to $1 and boasting a year-to-year gain of over 90%. 

Furthermore, popular altcoins like Solana and Cardano have witnessed significant price increases and growth in their respective markets. On March 1, Solana’s price surged to two-year highs, skyrocketing above $136. Conversely, Cardano recorded a boost in its adoption rate, with the total number of Cardano wallets in the ecosystem approaching 4.6 million. 

These subtle developments are indicating a potential shift in the market dynamics of altcoins, as an increasing number of cryptocurrencies are beginning to mirror Bitcoin’s bullish momentum. 

Altcoins Gearing To Pump

A crypto analyst, identified as “Dami Defi” on X has disclosed that recent market trends are signaling that “altcoins are getting ready to pump.”

Dami Defi’s predictions are anchored in the diminishing dominance of Bitcoin in the cryptocurrency market. He explained that when the market capitalization of the entire crypto market is on the rise and simultaneously, Bitcoin’s dominance decreases, it often signals a healthy and widespread bull market in the crypto space. 

According to the analyst, this scenario implies that the market’s growth is not solely focused on Bitcoin but would also potentially be distributed across various altcoins. He has revealed that despite Bitcoin’s recent price rally, the cryptocurrency has been experiencing notable outflows, with a substantial portion of these funds moving into altcoins. 

“If we continue to see BTC dominance go down and total 3 resistance gets broken, all hell will break lose and altcoins will pump crazy,” Dami Defi stated. 

Altcoin total market cap from Tradingview.com (Crypto analyst)

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Is Altcoin Season Upon Us? Here’s What Bitcoin’s Performance Shows

There is reason to believe that the altcoin season is imminent based on Bitcoin’s recent price action. Altcoin season is known to be a period when other crypto tokens begin to outperform the flagship crypto token. 

Bitcoin To Cool Off For Altcoin Season

Crypto analyst Rekt Capital stated in an X (formerly Twitter) post that Bitcoin has only one last Pre-Halving retrace before it goes on a parabolic move post-halving. Crypto analyst Sjuul also highlighted in an X post how the funding rate is “mildly high” for Bitcoin at the moment, something which hints that a correction was on the horizon. 

With Bitcoin likely to face a significant correction, this presents the perfect opportunity for altcoins to make a run of their own. Ethereum, the second-largest crypto token by market cap, looks set to lead the pack, hitting $3,000 for the first time in nearly two years. Meanwhile, some analysts have noted indicators that confirm that the Altcoin season is not far off. 

Crypto analyst Crypto Prof noted that the Gaussian channel on the Altcoins chart has turned green after almost 4 years. Also, these altcoins are said to have broken through the previous resistance from the last weekly close. Crypto Prof further stated that the same thing happened in 2016 and 2020, the period in which the Altcoin bull run started. 

Stockmonkey Lizards, another crypto analyst, also mentioned on his X platform that the altcoin is close. In the accompanying chart on his post, he highlighted how the altcoin market cap was going to run to $10 trillion from its current market cap of almost $900 billion. 

Investors Increasing Their Risk Appetite 

On-chain intelligence platform Glassnode noted in a recent report that their Altseason Momentum indicator has shown a “growing appetite from investors to move capital further out on the risk curve.” This suggests that crypto investors are more willing to deploy a significant amount of their capital to altcoins in anticipation of greater returns. 

Interestingly, this altcoin indicator is said to have signalled positive momentum since October 2023 before briefly cooling off during the sell-the-news event that occurred after the Spot Bitcoin ETFs approval. However, the indicator is once again signalling this positive momentum having been retriggered on February 4. 

Glassnode further revealed that, while Bitcoin dominance remains significant, there are signs that capital is being rotated into other ecosystems like Ethereum, Solana, Polkadot, and Cosmos. 

Data from Blockchain Center also shows that the market is gearing closer to an altcoin season. The altcoin season index currently stands at 61%, with a rise to 75% still needed before it can be said that the altcoin season is in full swing. 

Bitcoin dominance chart from Tradingview.com (Altcoins)

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Altcoins Watchlist: Market Expert Spotlights ETH, BLUR, MATIC, And More For Explosive Gains

Crypto analyst Miles Deutscher has spotlighted several altcoins, with a special focus on artificial intelligence (AI) tokens, that demonstrate strong breakout potential in the current market rebound. 

ETH On The Rise

In a recent post on X (formerly Twitter), Deutscher suggests that the upcoming Ethereum (ETH) Dencun upgrade, along with advancements in the AI industry, could drive significant price movements in related tokens. 

Deutscher emphasizes the upcoming ETH Dencun upgrade, noting that while much attention has been directed towards Bitcoin (BTC) and exchange-traded fund (ETF) flows, ETH has been steadily rising against BTC. 

Altcoins

Interestingly, the analyst expects an “aggressive” upward movement in ETH at some point, particularly with the first set of ETF decision dates approaching in May. 

Deutscher also highlights the strong performance of AI tokens, including AGIX, FET, WLD, and RNDR, attributing their recent success to significant advancements within the AI industry. According to the analyst, the upcoming earnings report from NVIDIA (NVDA) on Wednesday could further bolster the bullish sentiment surrounding AI coins. 

Highlighted Altcoins And Their Catalysts

  • BLUR: BLUR is nearing a significant announcement, and Deutscher notes the token’s recent strength, suggesting the $1 mark may soon be within reach. The founder’s association with BLAST, another project, adds to the intrigue.
  • BEAM: Deutscher points out that BEAM’s treasury holds large MAVIA bags, leading to increased balances. As the market begins to reevaluate the native token’s value, Deutscher is intrigued by the fact that BEAM has not gained widespread attention yet. He also mentions Pantera’s recent investment/partnership, further supporting his interest.
  • STRK: Token launch day is Tuesday for STRK, and Deutscher observes that new token launches often present opportunities for investors. He will closely monitor STRK’s performance, as success could lead to airdrop sellers buying back in at higher prices, while continuous selling pressure could result in price declines.
  • SEI: SEI is currently near all-time highs, and Deutscher notes positive sentiment surrounding the project, fueled by an “active team” and endorsements from key figures. If overall market sentiment remains positive, Deutscher sees potential for SEI to lead the way.
  • MAVIA: Deutscher highlights the buzz surrounding MAVIA, drawing parallels to Axie in its early days. The token’s successful launch and endorsements from influential figures have added to its long-term investment appeal. While acknowledging an initial strong run, Deutscher considers MAVIA a potential dip buying opportunity.

As identified by crypto analyst Miles Deutscher, various altcoins, especially AI tokens, are capturing attention due to their breakout potential. Factors such as the upcoming ETH Dencun upgrade and advancements in the AI industry are expected to influence price movements. 

Altcoins

Featured image from Shutterstock, chart from TradingView.com

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VeChain Ready For Big Moves: Analyst Identifies Key Factors That Will Drive VET To New ATH

Crypto analyst and YouTuber, Crypto ZX has released an update on VeChain (VET) price movements, predicting a surge to new all-time highs if the cryptocurrency succeeds in breaking certain resistance levels. 

Catalysts Behind VET’s Projected Price Surge

In a YouTube video released on Monday, Crypto ZX explored VeChain’s historical and recent price actions, emphasizing a potential for an upward trajectory as market down trends subside. The analyst delved into VeChain’s recent performance in relation to Bitcoin, offering insights into key resistance levels and projecting a major surge during the anticipated 2024 bull run. 

According to the Crypto ZX, VeChain previously broke above a significant price resistance on December 20, 2023, reaching almost $0.039 before undergoing a subsequent pullback. Despite an attempt to breach the same price resistance on January 11, 2024, the cryptocurrency faced a notable rejection. 

Crypto ZX has suggested that VeChain may be consolidating around the $0.03 price range. Nonetheless, the cryptocurrency’s expected goal is to experience a surge beyond the crucial resistance level at $0.033 cents. 

The analyst has revealed that a break above the resistance level would give VeChain a greater chance to surge to new highs. He predicts that if VeChain can overcome current resistance levels, then the price of the cryptocurrency could rise as high as $0.04425 cents.

Crypto ZX explains that the market’s recent downturn has led to VeChain’s fluctuating price movement along the support line. He anticipates a retracement of around 17.26% from the key resistance level and predicts that VeChain could surge to new yearly highs if Bitcoin succeeds in surpassing the crucial levels at $46,000.

“At the end of the day all are speculations, but I am very optimistic about the price of VeChain for the year 2024. I think it is going to shock a lot of people,” Crypto ZX stated. 

VeChain Price Update

In his YouTube video, Crypto ZX provided an update on VeChain’s recent price movements and current value. According to the analyst, VeChain is down about 2.3% on the daily time frame. He reveals that the majority of the market is also down currently due to Bitcoin’s recent pullback.

At the time of writing, VeChain is trading at $0.027, reflecting a decrease of 1.51% in the past 7 days, according to CoinMarketCap. The analyst revealed that the cryptocurrency is also down by 1.9% in BTC, compared with the market capitalization, which is holding very strong above the $2 billion mark. 

Crypto ZX has disclosed that despite the traction gained by VeChain’s ongoing projects and developments, the cryptocurrency has not reflected the impact. He emphasized that VeChain is undervalued, considering the overall expansion and advancements the cryptocurrency has undergone.

VeChain VET price chart from Tradingview.com

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Crypto Token Unlocks To Cross $700 Million In February 2024, Here Are The Culprits

February is set to be a hot point for crypto assets, with several cryptocurrencies set to release over $800 million worth of assets during the month. According to data from TokenUnlocks, 26 crypto projects are set to carry out token unlocks in February, potentially flooding the crypto market with almost $1 billion worth of crypto assets. Most of this liquidity is set to come from Avalanche (AVAX), with approximately $345 million worth of AVAX set to hit the market in the middle of February.

February 2024 Set To See Massive Crypto Unlocks

Many major projects like Aptos (APT), The Sandbox (SAND), and Avalanche (AVAX) have unlocking events scheduled for February 2024. Avalanche, for instance, is set to unlock 9.54 million AVAX tokens, representing 2.6% of the total supply on February 22. This token unlock is set to be allocated in four batches, with 2.25 million AVAX tokens going to strategic partners, 1.67 million tokens to the foundation, 4.50 million tokens to the Avalanche team, and 1.13 million tokens as airdrops.

Aptos (APT) will unlock 7.34% of its total supply on February 11 to the tune of 24.84 million APT tokens worth $228.55 million. In the same vein, metaverse platform The Sandbox will unlock $205.59 million SAND tokens, representing 9.19% of its circulating supply, on February 14. At the time of writing, these tokens are worth $90.46 million.

Ethereum L2 blockchain Optimism is also set to unlock 24.16 million OP tokens worth $71.51 million on February 29. This represents 2.52% of its total supply.

Other notable tokens also set for unlock include SUI, Algorand (ALGO), ApeCoin (APE), MANTA, and AGIX. Once unlocked, these tokens are free to be sold on the open market

How Will These Unlocks Impact Prices And Investors?

Crypto unlocks among altcoins are not a new phenomenon in the crypto industry, and they tend to have both positive and negative impacts on the price of such crypto assets. However, once those locked tokens are unlocked, they can enter the open market. 

This means that a large supply of tokens may become available for trading simultaneously. If any of those newly unlocked tokens are sold right away, it can put downward pressure on the price as the supply overwhelms demand.

At the time of writing, the crypto market is at somewhat of a standstill in terms of price volatility, although some cryptocurrencies like Chainlink (LINK) are currently on substantial gains in the past seven days. 

Chainlink also recently witnessed an unlock of 19 million LINK tokens worth $341 million. Following this, 16 million tokens were deposited into the crypto exchange Binance immediately, suggesting a sell-off.

Crypto total market cap chart from Tradingview.com (Altcoin unlcoks)

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Renowned Crypto Expert Reveals Top 3 Altcoins Ready To Breakout In February 2024

A prominent crypto analyst and Bitcoin enthusiast, Michael Van de Poppe, has shared insights on the future trajectory of several altcoins in the space. The crypto analyst’s predictions highlight crucial moments for investors as they watch out for opportune times to buy and sell cryptocurrencies in this dynamic market. 

Altcoins Set To Rise In 2024

Following the approval of Spot Bitcoin ETFs, Bitcoin experienced a substantial surge, rallying to overcome the $45,000 price mark. During this bullish momentum, the prices of several altcoins, including Ethereum (ETH) and Solana (SOL), also witnessed significant increases. 

In a recent X (formerly Twitter) post, Poppe revealed major altcoins to buy or sell in 2024. The crypto analyst shared a chart illustrating the historical price movements and corrections of Solana, Polygon (MATIC) and Chainlink (LINK). 

Poppe revealed that Solana’s consolidation phase appears to have ended after it experienced a major decline from its 2023 peak of over $123 to $95.81 at the time of writing. His analysis suggests that Solana is poised for a higher time frame support test at $80 and is anticipated to surge to new highs, potentially reaching $140. 

Subsequently, the crypto analyst presented a historical performance chart of MATIC, the native token of Polygon. Noting that the cryptocurrency has maintained higher time frame support levels with established liquidity, Poppe predicts an upcoming upward movement despite MATIC’s recent underperformance. 

He forecasts that MATIC’s next rally could propel its price to a range between $1.25 and $1.50. As of now, the price of MATIC is trading at $0.789, reflecting a 2.39% decline in the past 24 hours, according to CoinMarketCap. 

The Bitcoin enthusiast also anticipates a substantial price increase for Chainlink’s native token, LINK. The crypto analyst revealed that the cryptocurrency has consistently held crucial price levels and is positioned for an upward momentum towards $25. At the time of writing, the price of LINK stands at $14.65, representing a 0.12% increase in the last 24 hours. 

Underperforming Crypto In 2024

In his X post, Poppe unveiled a roster of altcoins that has been struggling to surge and maintain crucial resistance levels. The crypto analyst pointed out that Ethereum’s recent slow growth has adversely impacted many altcoins, causing them to experience further declines. 

He mentioned Synthetix (SNX), which is currently depreciating primarily due to Ethereum’s lagging performance. Additionally, there is Arbitrum (ARB) and Polkadot (DOT), which Poppe predicts would have a significant price increase in the future. 

The Bitcoin enthusiast stated that if ARB can return to a price level of around $1.40 and $1.60, it could open up new entries into a more sustainable position. Subsequently, Poppe predicts a rise in the price of Polkadot to $15 despite its current price trading at $6.80. 

The crypto analyst revealed that DOT is currently showcasing a “great weekly candle”, and its previous price corrections present a great opportunity for investors in the ongoing bull market. 

Crypto Total Market Cap on Tradingview.com (Altcoins Analyst)

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3 Under The Radar Altcoins Expected To Hit $100 Before The Bitcoin Halving

With the Bitcoin halving expected to happen today, crypto enthusiasts are already starting to take positions in various altcoins. Among these, there are a number of coins that have shown a lot of promise when it comes to reaching the $100 price mark and this report takes a look at three.

MoonRiver (MOVR) Tops Lists Of Altcoins To Reach $100

The MoonRiver (MOVR) token has been one that has flown under the radar for quite a while now. This has to do with the fact that the price of the altcoin fell from its all-time high of $485 to as low as $5 earlier in 2023. However, this has not eradicated the bullish narrative for the asset.

So far, as the crypto market has recovered, the MOVR token has seen one of the most significant rallies. In the days leading up to Christmas, the price would go from around $6 to as high as $44 in a couple of days, notching 700% gains during this time.

Since then, the price has since retraced and fallen around 50%. But with the price still holding above $20, it shows a lot of promise for the coin. Given its low supply of around 11 million coins and a tendency to rise quickly in a short time, MoonRiver is one of the coins poised to break the $100 mark.

MoonRiver (MOVR) price chart from Tradingview.com (Altcoins $100)

Litecoin (LTC) Slow Movement Coming To An End

The Litecoin price rallied tremendously in 2023 leading up to its halving and was among some of the best-performing altcoins. However, once the halving was completed, the LTC price would crumble and fall into a slow and steady decline. However, this has changed as the coin’s price has begun to pick up steam once again.

With the Bitcoin reversal, the Litecoin price is on the up once again, briefly crossing $75 in the early house of Tuesday. The altcoin, which is often referred to as the digital silver, could be poised to see firmer rallies, especially as the Bitcoin halving draws closer, which is often a catalyst for the bull market. If this continues, then LTC could easily cross $100.

Avalanche (AVAX) Sees An Awakening

Just like Solana (SOL), the Avalanche network has undergone an awakening that has brought investors back to the chain. As a result, the AVAX price has rallied, going from its 2023 low of around $9 to as high as $47 in December 2023.

As the new year rolled around, the Avalanche network has continued to enjoy attention from crypto investors and this has helped it maintain its bullish momentum. Just like MoonRiver (MOVR) and Litceoin (LTC), Avalanche (AVAX) is another token expected to cross the $100 mark.

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Crypto Expert Shares Ultimate Crypto Portfolio Guide To Make It In 2024

The crypto industry is now set for a strong bullish run in 2024, with most analysts predicting assets to reach new all-time highs. As a result, investors are always on the lookout hoping to jump on cryptocurrencies that offer the potential for substantial returns.

A recent social media post by a crypto analyst known pseudonymously as Emperor Osmo listed the best cryptocurrencies to get on in 2024 across various trends and market niches.

Expert Shares Ultimate Crypto Portfolio Guide

The analyst’s crypto recommendations for the year were based on an analysis by CryptoKoryo Research on the Dune Analytics platform. Each recommendation was placed into an investing risk curve depending on the sentiment of the general population of market participants. 

Building the ultimate crypto portfolio for 2024 necessitates the selection of a mix of assets across the risk curves. Some more established blue chip cryptos provide stability and steady gains, while higher-risk assets have the potential for huge gains.

Recommendations on the left curve predominantly consisted of attention-grabbing cryptocurrencies. The cryptos included BONK, the first dog-themed coin on Solana, COQ, the first meme coin on Avalanche, CTXC, and PYR, the native token for Vulcan Forged, a blockchain game studio, and NFT marketplace. 

These cryptos went on astounding price surges in the last quarter of the year and mostly thrived on hype among investors. According to CryptoKoryo, the five cryptocurrencies made an increase of 1,571% in the past three months. If the hype continues in 2024, we could see them reach new highs, particularly in the first quarter.

Crypto total market cap chart from Tradingview.com

On the other hand, the mid-curve portfolio assets included less volatile layer-1 tokens, AI tokens, DeFi tokens, and layer-2 tokens. The 11 cryptocurrencies highlighted were AVAX, BCB, STEAK, GNX, ILV, KUJI, METIS, MPL, ORAI, PYR, and SOL, each going through a moderate price surge throughout 2023. According to CryptoKoryo, the five cryptocurrencies made an increase of 260% in the past three months.

Lastly, the right curve consisted of very stable assets with a higher potential for stable price growth in 2024. The cryptocurrencies highlighted were INST, JOE, LINK, METIS, ORAI, SKL, and SOL with a combined 253% performance in the past three months. 

Crypto guide

While the recommendations on the left and middle curves are very volatile and have a higher chance of dumping, the right curve cryptocurrencies have created a proven track record over the years, and many analysts project continued price growth throughout 2024. 

On the other hand, cryptocurrencies on the middle curve are a bit more volatile but still relatively safe as far as cryptos go, while those on the left curve have the highest volatility risk but could lead to massive returns if they take off.

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Tellor (TRB) Leaves Market In Shock With 75% Price Crash, Here’s What Happened

Tellor (TRB) went on a rollercoaster in the past 24 hours, with its price experiencing a surge and a drop that is comparable to that of price manipulation. As a result, the crypto surged to over $600 in the late hours of 2023 before crashing down to $137. 

According to data from CoinGlass, TRB witnessed more liquidated positions than any other crypto within this time period, with whales exiting both long and short positions amidst rumors of manipulation.

TRB Price Action And Liquidation

TRB has been on a steady price increase since the beginning of the month. This increase was particularly exacerbated on December 31, pushing the crypto to a new all-time high of $602, and a 1000% increase in trading volume, according to Coinmarketcap data. However, this price surge failed to last more than a few hours, as TRB plummeted to $139.

This price volatility saw TRB lead the market in liquidations on both long and short positions. According to CoinGlass, the crypto market saw a total of $227 million liquidated positions in the past 24 hours, with TRB leading with $73.93 million, quite unusual for such a low market cap altcoin. ETH and BTC followed with $24.7 million and $22.74 million worth of liquidated positions. 

While the reason for the astounding price spike is unclear at the moment, the subsequent crash has been attributed to price manipulation from the Tellor team. According to a post on X (formerly Twitter) by Lookonchain, the Tellor team deposited 4,211 TRB worth approximately $2.4 million on Coinbase as the price skyrocketed. 

Tellor TRB price chart from Tradingview.com (Altcoins)

Price manipulation is certainly not a new phenomenon in the crypto industry, especially among low market-cap altcoins. The transfer into Coinbase has got investors wondering about a selloff from the team, as TRB crashed in the hours after. Nonetheless, this remains a speculation at this point.

TRB is the utility token for Tellor, a decentralized oracle network that provides real-world data to blockchain-based smart contracts. TRB mostly traded below $15 for the majority of the year. Things started to get hot in September as the cryptocurrency started to exhibit a very high level of volatility at this point. TRB kickstarted a sustained price surge in the middle of September that saw it reach $140 on November 9. After reaching this point, it went through a price dip throughout the month to the end of November at around $77.  

December saw a change in momentum, with price action indicating a steady surge since the beginning of the month. At the time of writing, TRB is trading at $191, still up by 143% in a 30-day timeframe.

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Here Are The Hottest Altcoins To Buy As The Bull Market Returns – Santiment

As the bull market returns, market intelligence platform Santiment has provided some insights into altcoins that one should keep an eye on. This comes as other altcoins like Solana (SOL) and Cardano (ADA) are already leading the way on the back of a significant rally from both tokens.

Four Altcoins To Keep An Eye On

In a post on their X (formerly Twitter) platform, Santiment highlighted ETH, SHIB, FET, and DENT as four altcoins to keep an eye on. These four crypto tokens are said to be seeing their top 10 respective exchange wallets move coins away from exchanges. This usually connotes a long-term bullish signal as it suggests that these wallets are moving the tokens to cold storage. 

The timing is also important. Many anticipate that the next bull run is around the corner, while some even say that it has already begun. Whatever the case might be, it is obvious that crypto investors are looking to position themselves ahead of the market boom that lies ahead. As such, the decline of these coins on exchanges could mean that some people are betting big on them.

According to further data provided by Santiment, Ether has seen a 4.3% drop in the holdings of these top 10 exchange wallets in the last 3 months. In the same period, Shiba Inu (SHIB) and DENT have seen 2.7% and 1.5% drop respectively. Fetch.ai’s FET happens to have been the most significant drop among the four at 26.1%.

ETH will undoubtedly be among the altcoins that crypto investors will be keeping an eye on in the next bull run. If certain price predictions are anything to go by, the second-largest crypto token by market cap could be one of the best performers in the next cycle. For one, the Blockchain analytics platform Token Terminal predicts that it will rise to as high as $13,000. 

Crypto total market cap chart from Tradingview.com (Altcoin Altcoins)

Shiba Inu Could Be A Dark Horse 

From Santiment’s report, it is obvious that crypto investors believe that Shiba Inu (SHIB) could be one of the best-performing tokens in the next bull run. The reason is not farfetched, as the team and community continue to show they are committed to the meme coin’s growth. This is evident in how Shibarium’s utility has increased significantly, which could potentially affect SHIB. 

Another milestone that can be credited to the team and community is the spike in SHIB burns. Recently, Bitcoinist reported how the SHIB burn rate has spiked by 420%. The majority of these tokens burnt are from transaction fees made on the Shibarium network. The Shiba Inu team had committed to converting some of these fees to SHIB and burning them. 

The SHIB burn rate will continue to spike, considering that Shibarium’s utility will more likely than not see new highs when the bull market returns. As the meme coin continues to see its circulating supply decline, one can expect its value to rise. Therefore, there is no doubt that SHIB should be one altcoin that many should keep an eye on. 

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Top 3 Meme Coins Under $50M Market Cap That Could Make You A millionaire Like BONK

Solana-based BONK has emerged as one of the best performers over the past week even after meme coins put on a good show for investors. However, given that the meme coin has since crossed the $1 billion market cap threshold, some will argue that the potential to make a lot of profit has diminished already, leading to a hunt for other meme coins that could end up putting on a similar rally. So here are the top 3 meme coins under a $50 million market cap that could see a lot of upside in the right conditions.

Doge Killer (LEASH) Tops List Of High Potential Meme Coins

The Doge Killer (LEASH) coin is the brainchild of the Shiba Inu team which made its name as the OG ‘Dogecoin killer’. As the Shiba Inu ecosystem expanded, so did the potential, and a number of tokens have since made their way out from the team, including BONE and LEASH.

However, while Shiba Inu and BONE have since crossed the $200 million market cap mark, LEASH remains the lowest-rated SHIB ecosystem token in terms of market cap. Putting it in contrast with the performance of its predecessors, the LEASH token shows a lot of promise, especially in a bull market.

It is one of the most popular meme coins still under a $50 million market cap, meaning that there could be at least a 10x increase expected from here. This makes LEASH a good opportunity for investors looking for smaller cap meme coins.

Wojak (WOJAK) Meme Coin Rides PEPE Hype

Wojak (WOJAK) was one of the many meme coins that made their way out of the woodwork following the PEPE pump earlier in the year. But unlike many others, WOJAK has persevered after securing multiple centralized exchange listings.

Following the decline in the meme coin prices over the last few months, the WOJAK market cap fell drastically. Currently, it is sitting at a $23 million market cap, while PEPE’s market cap is still over $400 million. In the event of a PEPE rally, the chances of WOJAK making a run for it are high. So there could be a 10x opportunity with this coin.

Solana-Based Myro (MYRO) Enters The Scene

Following the success of BONK, Solana-based meme coins have been making a killing in the market, but none have seen more success than Myro. The Myro meme coin previously rallied to a $50 million market cap. However, it has since corrected and is trading at just $35 million at the time of this writing.

If the Solana ecosystem outperformance continues, Myro could follow in the footsteps of BONK as more money flows into the ecosystem. Reaching even a $400 million market cap would mean more than 10x its current price, making it a good meme coin to keep an eye on as the market develops.

Crypto total market cap chart from Tradingview.com (Meme coins BONK)

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Crypto Expert Delivers Top 8 Altcoins To Buy On Binance

As the crypto market enters into what could be considered to be another bull market, one analyst known as MacnBTC has come forward to give a list of altcoins that could do well going forward. The list includes altcoins currently listed on the largest crypto exchange in the world, Binance, making them very easy to get.

The Top Altcoins To Buy On Binance

Thorchain (RUNE)

Appearing at the top of the list is RUNE, the native token of the THORchain network. The decentralized cross-chain liquidity protocol has been garnering a lot of public attention, rising from as low as $0.789 to as high as $7 in 2023.

Chainlink (LINK)

Next on the list is Chainlink’s native LINK token which powers its decentralized oracle network. Chainlink has been touted to be at the forefront of asset tokenization, putting it at the helm of a potential $30 trillion sector.

Synthetix (SNX)

This decentralized liquidity provisioning protocol has continued to make its mark in the decentralized finance (DeFi) world. It cuts across leading networks like Ethereum and Optimism, and Synthetix’s native token SNX is at the forefront of it.

ORDI (ORDI)

The ORDI token is one of the first to take advantage of an entirely new type of token creation in the crypto industry. Bitcoin inscriptions allow for the creation of tokens on the Bitcoin network and ORDI is already seeing a lot of success and adoption following this.

Venus Protocol (XVS)

Venus protocol is both a synthetic stablecoin protocol and an algorithm money market on the BSC network. With its asset lending and borrowing solution, its XVS token is already on the way to becoming one of the most recognized names in the DeFi industry.

SushiSwap (SUSHI)

SushiSwap is one of the leading decentralized exchanges in DeFi coming up in the midst of names such as Uniswap (UNI) (launching as a Uniswap fork initially). It is an automated marker maker that allows users to take advantage of smart contracts to create markets for their tokens. As a result, its native SUSHI token has garnered attention in the last few years.

SingularityNET (AGIX)

AGIX is the token for SingularityNET, a blockchain-based platform that allows users to enhance the capabilities of artificial intelligence (AI). Its token has seen adoption as it is required for users to buy and test a wide range of AI services.

Balancer (BAL)

This automated market maker on the Ethereum blockchain acts as a self-balancing weighted portfolio and liquidity provider. Using the BAL token, users are able to earn profits by contributing to Balancer’s customizable liquidity pools.

Crypto total market cap chart from Tradingview.com (Altcoins Binance)