Deciphering Pendle Finances surge and the pop up of Notcoin

Pendle Finance and Notcoin recently experienced roughly 58.6% and 400% price growth, respectively, and are thus among the recent top performers.

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Altcoin Market Surges to $672 Billion, Analysts Predict $3 Trillion Rally Ahead

The altcoin marke­t is currently seeing a re­markable rise, which has revived optimism and excite­ment among traders and inve­stors. As of June 3, 2024, the­ total market capitalization of altcoins is nearly $671.8 billion, after dropping in re­cent years. Top crypto analysts underscore this growth, predicting a bright future for alternative­ cryptocurrencies. Renowne­d crypto analyst […]

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Is Avalanche (AVAX) Nearing Collapse? Analyst Predict Further 60% Correction Heres Why

In recent trading sessions, Avalanche (AVAX) has seen a significant drop in its market value, with its price tumbling to a six-month low. Over the past month, AVAX has plummeted by 25%, with a 14.7% drop in just the past week and a further 0.3% decrease in the last 24 hours, bringing its current trading [...]

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Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know

As summer unfolds, the cryptocurrency market is showing little upward momentum. Particularly, crypto analyst Ansem has recently projected a steady course for Bitcoin (BTC) and Solana (SOL) in the coming months. This forecast is grounded in a detailed analysis shared on Elon Musks social platform X, where Ansem highlighted potential trends and key scenarios that could [...]

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XRPs Roadmap To Success: Analyst Forecast A Strong Bullish Turn In 2024

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edymes foray into the crypto universe is nothing [...]

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Expert Forecasts Altcoin Market Crash, Suggests Optimal Buy-In Points For Top 10 Cryptos

Renowned crypto analyst Doctor Profit recently released “The big altcoin report” for the third quarter of the year, suggesting further downward movement for the market.  Based on historical performance and the current state of the market, Doctor Profit warns of an impending altcoin market crash triggered by an episode of uncertainty and a recent price correction in the top 100 cryptocurrencies, led by Bitcoin (BTC).  However, the analyst remains optimistic, highlighting potential buying opportunities and optimal entry points for several top altcoins.  Altcoin Market Correction Doctor Profit draws attention to the altcoin market’s recent exponential growth, with market capitalization surging from $300 billion to nearly $800 billion between October 2023 and March 2024, representing a 150% increase in just five months.  Related Reading: From Cheers To Tears: Beercoin (BEER) Dries Up, Loses 70% Of Its Value Corrections following such significant growth are deemed normal but can prove challenging for retail investors. The recent correction of 25%, bringing the market cap to around $550 billion, is regarded as a healthy adjustment by the analyst.  Doctor Profit believes that altcoins have nearly reached their bottom and are poised for another substantial rise, potentially reaching a market cap of $1 trillion and setting new all-time highs. The analyst parallels the current market situation and previous cycles, emphasizing the repetitive pattern of sideways movement and dumps followed by explosive growth. Doctor Profit identifies several altcoins with optimal buying levels based on their current prices and expected retracements.  For instance, the native cryptocurrency of the 3D metaverse game, The Sandbox (SAND), is currently trading at $0.31. Doctor Profit suggests a potential retracement of $0.22 would present an optimal buy zone.  Another altcoin, Stacks (STX), a Bitcoin Layer 2 token, currently trades at $1.61. Doctor Profit recommends a downside target and buy zone of $1.48. Similarly, Arbitrum (ARB), a Layer 2 token, is currently trading at $0.78, with losses of over 10%. Doctor Profit identifies $0.61 as the best-buy zone for this token, suggesting further losses in the coming days. Mid-July Rally Forecasted Moving on to larger altcoins, Doctor Profit analyzes Ethereum (ETH), the second-largest cryptocurrency. Despite being the largest altcoin, Ethereum has witnessed a 3% drop, with the current trading price at $3,430. Doctor Profit’s analysis suggests a potential decline towards $2,890, indicating an entry point for a long position.  Binance Coin (BNB), which recently reached a new all-time high of $725, is expected to retrace almost 50% to $396, presenting the best entry point according to the expert. Currently, BNB has retraced to $585. Doctor Profit further notes that other altcoins expected to retrace substantially include Optimism (OP), the Sei (SEI) token, Toncoin (TON), Notcoin (NOT), and Omni (OMNI).  These altcoins have recorded price drops ranging from 8% to 17%, reflecting investor sentiment. Doctor Profit provides specific price targets and optimal buying levels for these altcoins. Doctor Profit advises caution due to potential market maker manipulation and order placements at the same levels. The analyst sets orders 3-5% higher or lower than the identified optimal buying levels to avoid missing out. Related Reading: Bitcoin, Solana Suffer As Institutional Investors Pull $600 Million Out Of Crypto Funds Lastly, Doctor Profit highlights the upcoming Ethereum ETF launch on July 2nd. While not expecting a significant pump on that day, similar to the Bitcoin ETF launch, the analyst predicts a sideways or bearish trend for altcoins in the next 3-4 weeks.  However, a significant reversal and the start of a new altcoin rally are anticipated by mid-July. The analyst emphasizes that altcoins are currently low, and only a few will succeed. Based on the provided analysis, Doctor Profit believes that the altcoin market cap is 10-15% away from its bottom, making it an opportune time to invest for long-term gains. Featured image from DALL-E, chart from TradingView.com

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Bullish News: Top Analyst Forecasts Altcoin Bottom Today, Market Poised For Upswing Heres Why

In a recent social media post, renowned crypto analyst Michael Van de Poppe shared his predictions regarding the potential bottoming out of the altcoin market.  Van de Poppe emphasized the significance of key economic data and the upcoming interest rate decisions from the Federal Open Market Committee (FOMC), highlighting their potential impact on the crypto market. Altcoin Rally Ahead? CPI Data Points To Bullish Outlook Consumer Price Index (CPI) data revealed that US inflation had fallen to 3.3%, lower than expectations, which he deemed bullish news for the altcoin market. The CPI data holds particular importance as it influences the Federal Reserve’s decision on interest rate cuts. Related Reading: Ex-Ripple Director Explains XRP Price Slide Amid Good News Van de Poppe explained that if the CPI data came in above expectations, it would have led to a stronger US dollar and higher yields. In such a scenario, the chances of a near-term rate cut would have diminished, leading to a decline in risky assets. Conversely, a lower-than-expected CPI reading paves the way for a positive market reaction, as is the case today. The FOMC’s interest rate decisions were identified as the second significant event of the day. Following the European Central Bank’s recent rate cut, there is speculation that the US might consider similar measures.  Van de Poppe emphasized the importance of Federal Reserve Chairman Jerome Powell’s speech, as it could provide valuable insights into future monetary policy, potentially influencing market sentiments. Trading With Caution The altcoin and crypto markets experienced notable corrections last week, led by Ethereum (ETH), the largest altcoin in the market, with a price drop of over 5%, with a historical negative correlation observed during FOMC meetings and CPI releases.  However, Van de Poppe suggested that a repricing upwards could be anticipated, potentially leading Bitcoin to approach its all-time high of $73,700 in the coming weeks if the FOMC adopts a dovish stance. However, caution was advised, as price action can be deceptive. In the event of an unchanged rate decision, initial downward market responses might occur, with the true impact unfolding later.  Related Reading: Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH Another market expert, Adrian Zduczyk, offered his perspective, highlighting the tendency for prices to retrace to previous levels with little effect on volatility following FOMC decisions. While traders often anticipate news releases and follow patterns, he cautioned against trading against the Federal Reserve’s monetary policy decisions. As the altcoin market awaits the outcome of key economic data and FOMC decisions, analysts monitor these factors closely, anticipating a potential reversal and subsequent market upswing. With the Ethereum ETF seeking trading in the coming weeks, the summer months promise renewed market momentum and a potential challenge to all-time highs. ETH is currently trading at $3,618, experiencing a significant surge of 4.1% in the past few hours, coinciding with positive CPI data and heightened expectations of favorable news from the US Federal Reserve.  Featured image from DALL-E, chart from TradingView.com

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Last Chance: Market Expert Reveals Why Now Is The Perfect Time To Invest In These 5 Altcoins

Renowned market expert Michael Van de Poppe has recently shared his insights on the current state of the cryptocurrency market, highlighting potential breakout opportunities for altcoins.  As the largest cryptocurrency on the market, Bitcoin (BTC), consolidates in a price range between $67,000 and $70,000, Van de Poppe’s latest market update suggests that this may be the ” final time” to invest in altcoins before a potential breakout.  Altcoins Analysis In a series of social media posts, Van de Poppe analyzes specific altcoins, including Sui (SUI), Chainlink (LINK), Floki Inu (FLOKI), Fantom (FTM), and Polkadot (DOT), offering valuable insights for investors. One of the altcoins that has caught Van de Poppe’s attention is SUI, which, according to his analysis, has shown strength in the market with a higher low formation. Van de Poppe suggests that if momentum provides a breakout above $1.17, SUI could continue its uptrend toward $1.60 (currently trading at $1.067). Chainlink (LINK) is another altcoin Van de Poppe considers heavily undervalued. Drawing on historical data, he points out that LINK has delivered a 150% return in previous cycles, making it an attractive investment opportunity at its current trading price of $16.037. Related Reading: Shiba Inu Price Could Skyrocket By 1,100%, Predicts Analyst However, Van de Poppe also advises caution with certain altcoins. For instance, FLOKI, despite its substantial 1200% increase since the beginning of its recent run, carries a higher risk of a heavy correction. He suggests that interested investors wait for a 30-40% correction before considering an investment. Van de Poppe also draws attention to Fantoms native token FTM, which has been forming lower highs and lower lows. With multiple tests of the $0.60 support, a price breakdown seems likely. If a breakdown occurs, he identifies two potential areas of interest between $0.4924 and $0.6113 for swing trading. Crucial Support Levels For Ethereum  Regarding Polkadot, Van de Poppe highlights its potential as a market leader in the Real-World Asset (RWA) sector. He emphasizes that Polkadot is currently undervalued and is in the process of implementing RWA within its ecosystem. Despite the price not reflecting the thriving ecosystem, Van de Poppe expects this will change. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? In addition to these lower-cap altcoins compared to the largest, Van de Poppe provides insight into Ethereum (ETH). In a separate analysis, the market expert suggests that ETH is looking for a higher low and expects confirmation of S-1 filing approval for the long-awaited Ethereum ETFs in the US in the coming weeks. Interestingly, on the 3-day Ethereum/BTC chart, Van de Poppe identifies the 0.05-0.051 BTC range as a key support area for Ethereum. Featured image from DALL-E, chart from TradingView.com

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Australian Tax Office seeks data from 1.2M crypto exchange users: Report

The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office.

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Analysts Foresee Altcoins Explosive Rally Incoming, Is The Correction Phase Over?

Over the weekend, the crypto market started recovering from the largest retrace of this bull cycle. The strong correction caused Bitcoin and the altcoins market to drop to levels not seen since February. While some sectors of the crypto community felt like the bull run was over or needed to cool-off, others seemed optimistic about the cycles future. Now that the market is back from the correction, analysts foresee that the altcoin season might come soon. Related Reading: Heres When Bitcoin Could Peak In This Accelerated Bull Run: Analyst Is The Correction Phase Over? Over the weekend, crypto analyst and trader MilkybullCrypto shared with his X followers that the Altcoins market capitalization was at an RSI level that initiates an explosive rally. Per his chart, this level is a reset for a healthy rally, as seen in 2016 and 2020. During these two cycles, when the altcoins reached this level, a huge rally followed. The analyst shared his latest forecast on Monday after seeing the market strengthen its recovery. To Milkybull, the altcoins market cap finished a Heatly retest. The market displayed a similar correction during the 2020-2021 rally before skyrocketing to all-time high (ATH) levels. The chart seems to display the same performance, which could mean that altcoins are in preparation for an explosive rally, if history repeats itself. Altcoins resembling performance between cycles. Source: MilkybullCrypto Similarly, crypto trader and analyst Captain Fabik considers the Healthy Correction is done. In his X post, the analyst identified a bullish falling wedge pattern, which signals a bullish rally incoming. Altcoins Cool-Off Or Euphoria Incoming? According to analyst and trader Rekt Capital, the Altcoin market cap, excluding the top 10 cryptocurrencies, has successfully retested the $250 billion level as a support level over the last several weeks. Per the trader, the altcoins are following the proposed path of his Ultimate Altcoin Market Cap Game Plan For The Coming Months. On this plan, Rekt Capital forecasted altcoins market cap would surge to the $315 billion level before retracing back to the $250 billion mark. This retrace would be followed by an explosive surge above the $440 billion market capitalization. Altcoins have stayed above the $250 billion support zone despite the strong corrections, as seen in the chart below. To the analyst, this suggests the market is now showing initial signs of trying to curl up from here. Ultimate Altcoin Market Cap Game Plan For The Coming Months. Source: Rekt Capital Renowned figures have expressed their disappointment in altcoins performance this cycle. Altcoin Sherpa considers that many alts didnt even run that hard over the last few months, which could suggest that its time for a cool-off. At the time, the analyst deemed altcoins rally was done for the next 1-4 months. However, others believe the euphoria phase for altcoins is coming. According to Crypto Yhodda, The alts will rise again, and by the end of 2024, they will go crazy. Moreover, the analyst believes that Altcoins Cycle III will give us some crazy pumps. According to his chart, the altcoins cycle I and II displayed a symmetrical triangle pattern before the breakout. The surge was followed by a slowdown before the upward trajectory continued, called Round 1 by the analyst. Subsequently, the rally would repeat the pattern on a second round before reaching the cycles top. Cycle III appears to be in the middle of Round 1, which suggests to the analyst there is a long road ahead before it hits the euphoria phase. Related Reading: Crypto Analyst Reveals 6 Must-Buy Altcoins With The Most Potential Altcoins market capitalization sits at $1.045 trillion in the weekly-chart. Source: TOTAL 2 on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

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Here Are The 3 Crypto Tokens That Earned A Trader $42 Million Profit In One Year

In cryptocurrency trading, remarkable success stories often emerge, showcasing the potential for significant returns. One such story is that of an anonymous crypto trader who recently managed to turn a portfolio of $23 million into $65 million over the course of a year, according to insights from Lookonchain, a crypto analytics platform. This $42 million profit highlights the traders smart money move in the volatile crypto market. The trader leveraged strategic investments in tokens such as PEPE, ONDO, and BEAM to achieve substantial gains. Related Reading: Tiny Pepe, Big Dreams: Memecoin Explodes, Eyes Dominance In The Dog House Maximizing Returns Through Precise Market Timing This traders journey began with a strategic crypto investment in PEPE, which alone yielded a return of $60 million. The trader demonstrated a deep understanding of market trends and token potential by capitalizing on market timings and price fluctuations. Notably, the trader’s investment in PEPE resulted in a 1203% return in gains. Initially investing 2,434 ETH (valued at approximately $5 million) to acquire 3.97 trillion PEPE, the trader sold 125 billion PEPE for 350 ETH, or around $1.27 million, at peak prices. The remaining holdings in PEPE were valued at $56.43 million, according to data from Lookonchain. What a smart trader! In just 1 year, his portfolio grew from $23M to $65M, earning $42M! – Made $60M(+1203%) on $PEPE! – Made $5.8M(+288%) on $ONDO! – Made $1.85M(+72%) on $BEAM! 1/ Let’s dig into his trades. pic.twitter.com/ahSmmwsJIz Lookonchain (@lookonchain) May 24, 2024 In addition to PEPE, the trader diversified their crypto portfolio by investing in ONDO and BEAM, each offering different returns and market behaviors. The investment in ONDO resulted in a $5.8 million profit with 288% return on investment (ROI), showcasing effective diversification and asset selection strategies. While BEAM provided the least returns among the three, it still contributed positively to the trader’s portfolio. An initial investment led to a 72% ROI, which, although smaller relative to PEPE and ONDO, demonstrates the importance of portfolio diversification. It is worth noting that such diversification in crypto helps balance the risks and enhance the overall stability of investment returns across different market conditions in the crypto market. The 3 Crypto Tokens Performance Overview Among the three tokens the trader utilizes to secure substantial returns on investment, PEPE has emerged as the leading performer, followed by ONDO and BEAM. Recently, PEPE has achieved notable milestones, ascending to new all-time highs. Over the last week, the asset has experienced a surge of over 40%, and an additional 4% increase in the past day, reaching a new peak at $0.00001526. Despite this recent uptick, PEPE’s value has receded by 6.8% from its highest point, now trading at $0.0000144. Meanwhile, ONDO marked a new all-time high earlier today at $1.15 but has since retracted by 2.7%, with its current price at $1.12. This represents a substantial 15.8% increase within a single day, cementing a week-long upward trend that has seen the token’s price climb by nearly 20%. Related Reading: Ondo Finance Joins BlackRock Tokenized Fund As Inflows Surpass $160M BEAM, however, has shown more modest gains compared to the other two. Over the past day and week, it has recorded increases of 1.5% and 7.9%, respectively. Currently, BEAM is trading at $0.02736. Notably, this marks a significant drop of approximately 38% from its early May high of $0.04416, indicating less volatility and smaller gains than its counterparts. Featured image created with DALL·E, Chart from TradingView

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Altcoins Maniac Phase Preparing, Analysts Call For Next Leg Up

The crypto industry has seen a positive shift with the recent market recovery. After a Q1 full of bullish sentiment, Q2 saw many sectors of the crypto space brewing a pessimistic feeling toward altcoins. Related Reading Experts and market watchers have reassured investors that the price corrections were part of the cycle, predicting that the [...]

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Top Crypto Gainers Today Apr 9 KuCoin Token, GoMining, Polyhedra Network, Saros

The crypto market is volatile, driven by shifting investor sentiment, regulatory news, and global economic changes. This often results in dramatic price swings, making it [...]

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Altcoins Surging: Potential for Another Historic Rally as EMA50 Trend Signals Bullish Momentum

The cryptocurrency market is witnessing an increase­ in altcoin activity, with many altcoins are­ experiencing significant price­ rises. This upward trend had sparked spe­culation about a potential repeat of the­ historic rally witnessed in 2021, whe­n altcoin valuations soared to record highs. A recent analysis from crypto analyst Doctor Profit has garnered attention, sugge­sting an […]

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Upcoming Token Releases: These Altcoins Are Set To Inject Billions Into The Crypto Market By May

May 2023 is poised to become a landmark month for the crypto market, with major token releases slated to inject substantial liquidity and potentially catalyze shifts in market dynamics. Key developments from AEVO and PYTH and significant contributions from other projects are set to channel over $3 billion into the sector. Related Reading: 85% Of Altcoins In Opportunity Zone, Santiment Reveals Substantial Crypto Releases Set the Stage Token Unlock, a platform dedicated to tracking the release schedules of digital assets, indicates that May will witness one of the most substantial influxes of tokens into the cryptocurrency market this year. At least 20 crypto projects are preparing to unleash tokens worth more than $10 million each, cumulatively amounting to $3.661 billion. These releases underscore the activity and continuous growth within the crypto sector, even amid fluctuating market conditions. Among the tokens set to be released, AEVO and PYTH stand out with their billion-dollar injections, underscoring their strong market presence and investor confidence. AEVO, a decentralized exchange, is scheduled to release 827.6 million AEVO tokens on May 15, which surpasses $1.25 billion at current valuations. This release will dramatically increase AEVOs circulating supply by 757.95% PYTH Network, known for providing decentralized market data, plans to follow suit with its considerable token release. On May 20, PYTH will distribute 2.13 billion tokens, valued at around $1.21 billion, representing 141.67% of its existing circulating supply. Such movements are pivotal for the projects and the broader market, influencing liquidity and potentially price stability. In addition to AEVO and PYTH, Wu Blockchain reports that Token Unlock has identified several other cryptocurrencies set for significant releases in May. These include DYDX, ENA, SUI, MEME, GAL, MAVIA, APT, STRK, ARB, APE, IMX, ROSE, PIXEL, and AVAX. ID, YGG, OP, and PRIME are poised to release tokens valued at over $10 million each, rounding out a comprehensive list for the month. According to TokenUnlocks, the large-amount unlocks in May (unlocked amount greater than $10m) include DYDX ENA SUI MEME GAL MAVIA APT STRK AEVO ARB APE IMX ROSE PIXEL PYTH AVAX ID YGG OP PRIME, etc., with an unlock value of over 3.661 billion US dollars. Among them, the unlocked pic.twitter.com/tZmihAom3c Wu Blockchain (@WuBlockchain) April 30, 2024 Anticipating An Altcoin Surge Meanwhile, El Crypto Prof, a prominent crypto analyst on X, recently projected a significant rally for the altcoin market based on historical market cycles. He notes that post-Bitcoin halving periods, like those in 2016 and 2020, typically lead to a phase of accumulation in altcoins, followed by a market rally. #Altcoins Anyone who is bearish here obviously hasn’t done their homework. Altcoins about to enter the parabolic curve, if we repeat 2016 and 2020. History doesn’t repeat itself, but It often rhymes. -Accumulation1 -Backtest2 -Send it3 Months of glory ahead imo. pic.twitter.com/uUrKj8qau1 (@el_crypto_prof) April 28, 2024 The analyst suggests the current market mirrors these past cycles, indicating a potential upcoming surge. He believes this could result in the altcoin market cap potentially doubling from its current estimate of around $1 trillion to $2 trillion. Related Reading: Crypto Guru Reveals Top Altcoin Picks And DeFi Risks: What You Need To Know Additionally, Daan Crypto Trades, another analyst, supports the view that the ETH/BTC ratio is a more accurate measure of altcoin market sentiment than the SOL/BTC ratio, signaling positive prospects for altcoins. Featured image from Unsplash, Chart from TradingView.

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Cardano (ADA) Price Prediction: Bullish Reversal Signals Breakout Toward $1.30

Cardano (ADA) is breaking out from its bearish pattern with fresh momentum. Positioning for potential upside as market sentiment shifts; bears are stepping back as bulls are in control. Key reversal pattern formed after recent rally. The $ADA price is currently sitting at a demand zone, with all confluence indicating a strong demand in the […]

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Are Altcoins Cooling Off? Analyst Weighs In On This Cycles Market

Many investors expressed worries about the crypto market corrections during this cycle. Bitcoins price drop has dragged altcoins with them, and, as a result, a more pessimistic sentiment has started to brew among some sectors of the crypto community. Analysts and traders have reassured investors that the market fluctuations are a normal part of the journey. Some urge the community to look at the bigger picture, as altcoins remain above levels not seen in years. Related Reading: Traders Forecast Massive Rally For Altcoins, But Why Is Sentiment Down? Renowned crypto analyst Altcoin Sherpa weighed in on the matter, exploring some of the reasons and differences that make this bull cycle different from the 2020s. Time For An Altcoins Cool-Off? In an X post, Altcoin Sherpa asserted that theres a high possibility that altcoins are done for the next 1-4 months. The analyst considers that, right now, most of the market needs time to chill out and consolidate after such a big run. Despite recently falling below the $1 trillion market capitalization, altcoins have performed remarkably in the last few months. In 2024, cryptocurrencies market cap, excluding Bitcoins, has increased by 22.79%, according to TradingView data. Altcoins market cap has also considerably surged in longer timeframes, with a 91.31% and 52.46% jump in the last six months and the past year. This big run, as Sherpa called it, sits the cryptocurrency market at levels like those seen in 2022. However, what worries the crypto analyst is, despite the overall performance, many alts didnt even run that hard over the last few months. He illustrated his point with Chainlinks native token, LINK. Despite the +500 days of accumulation, LINK investors only got 3-4x gains depending on when they go in. Now, the tokens price is strongly pulling back. Expectations for altcoins during this cycle seemingly play a significant role in the current sentiment. As one X user pointed out, LINK was anticipated to be one of the biggest winners of this cycle, Sherpa replied that he expected more lol. The user playfully commented, No dino coins and new and shiny coins are the better bet. How Did The Market Change? The previous comment highlights what appears to be a significant difference between this bull run and the 2020s. Choosing your bag has become more difficult since the market has expanded significantly. Sherpa considers that now more than ever, it is super important to choose the altcoins that are going to run hard. In 2020, the massive altseason made everything go up consecutively. This time, the liquidity is more fragmented, and only a few sectors are pumping. The AI and memes sectors have been the hottest topic in 2024, and layer-1 (L1) tokens, like SEI, have also performed well. Everything else? Not great, remarked Sherpa. The massive number of tokens, both newly launched and old ones, are finding it more difficult to capture mindshare/attention. Regarding retail investors, the analyst is not surprised that the default choice is memecoins instead of trying to learn about some DeFi veRewards type of stuff. Or Oracle or L1s or modular or anything else. The analyst suggested investors move to real value like ETH and SOL. He also considers that big token launches, with significant money behind them, have some real value. These coins, as stated in the post, have the potential to do very well once Bitcoin stabilizes. Sherpas market analysis closes with a pretty bearish outlook for the following months. The growing difficulty in keeping user attention and for people to become strong users/community members for many projects has made the market a different playground. Ultimately, the analyst pointed out that portfolio rebalances are necessary and said he still believes this run is not over. Related Reading: Crypto Analyst Says Dont Buy Altcoins Just Yet Heres Why Altcoins market cap sitting at $981 billion in the weekly chart. Source: TOTAL2 on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

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Altcoin Market Cap Signals Potential Breakout Amid Historical Performance: Analysts Optimistic Prediction

Altcoins’ market cap signals a potential breakout in historical performance. In a tweet, MikybullCrypto, a well-known crypto analyst, stated that the altcoin market cap is perfectly following the previous Alts season step and that this is the last shake-off before it rips explosively upward coupled with Bitcoin dominance downward trend. The chart suggests that the […]

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Crypto Price Predictions for December 5: ETHW, TWT, LUNC, FTX, and LRC

TWT, ETHW and LUNC are among the current gainers as buyers decide to liquidate their buying influence. LRC and FTX are also currently gathering momentum [...]

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Crypto Price Predictions For November 28: XLM, XRP, CRO, TWT, and SNX

The majority of the pairs show bearish movement in preparation for a pullback. Furthermore, TWT, the trust wallet token, is displaying a strong bearish stance. [...]

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