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InnovAlain
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WHO IS UNDERPERFORMING? 🤔Here Is The Answer 👇 In the last 90 days, 9 altcoins didn't perform well compared to Bitcoin. These are: Cardano, Polygon Matic, Optimism, Injective, Monero, Celestia, Lido and Arbitrum. Note that the image reports only the top 50 altcoins and it shows in percentage their performances against BTC. The reasons could be several. For example, when the Bitcoin dominance is too high, investors tend to favor BTC over certain altcoins. Also when new competitors with better value proposition appear, some liquidity may flow to them. (e.g. $OP Vs $MATIC ). Not least, regulatory concerns. Let's take Monero (XMR); Monero has underperformed due the de-list of several exchanges. Authorities didn't like its privacy technology and thus they put pressure on several exchanges. Keep always in mind that the underperformance of altcoins can be influenced by a combination of market dynamics, investor sentiment and specific factors. As a consequence, I really recommend to go over 1 by 1 and analyzing them in depth! STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 - DYOR 🙏 NFA.🤝 #Altcoins2024 #AltcoinsUpdate #AltcoinDominance #bitcoindominance

WHO IS UNDERPERFORMING? 🤔Here Is The Answer 👇

In the last 90 days, 9 altcoins didn't perform well compared to Bitcoin. These are: Cardano, Polygon Matic, Optimism, Injective, Monero, Celestia, Lido and Arbitrum. Note that the image reports only the top 50 altcoins and it shows in percentage their performances against BTC. The reasons could be several. For example, when the Bitcoin dominance is too high, investors tend to favor BTC over certain altcoins. Also when new competitors with better value proposition appear, some liquidity may flow to them. (e.g. $OP Vs $MATIC ). Not least, regulatory concerns. Let's take Monero (XMR); Monero has underperformed due the de-list of several exchanges. Authorities didn't like its privacy technology and thus they put pressure on several exchanges.

Keep always in mind that the underperformance of altcoins can be influenced by a combination of market dynamics, investor sentiment and specific factors. As a consequence, I really recommend to go over 1 by 1 and analyzing them in depth!

STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 - DYOR 🙏 NFA.🤝

#Altcoins2024 #AltcoinsUpdate #AltcoinDominance #bitcoindominance

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$ETH ETF APPROVAL MAY ANTICIPATE THE ALTSEASON 🚨 & Here Is Why 👇 SEC has finally approved 8 spot Ethereum ETFs! That's a big change influenced by the new the political attitudes. Politicians understood that supporting some specific digital assets will set U.S as a leader in financial technology and innovation. That's a positive move for Ether it's now considered a commodity (and not a security anymore) and it will potentially attract new capital from institutionals and retail investors. Some analysts predict that ETH could reach $10k if the launch of the spot ETH ETFs is as successful as the launch of the spot Bitcoin ETFs. Major firms like VanEck, BlackRock and Fidelity may will play again the biggest role! Overall, in my opinion, this approval is a bullish event that will fuel the current status of the crypto market. Usually, regulatory approvals boost the confidence among investors that before were hesitant in risking their money. So they may now allocate their funds into Ethereum and rise up its price. Keep in mind that the Ethereum blockchain is an ecosystem and consequently, all the projects build on top of it, will follow the trend. I won't be surprised if $OP , ARB & MATIC show themselves off soon! In fact, I will not miss to track the ETH/BTC pair because it often signal the onset of altseason! For who may doesn't know, when Ethereum starts to outperform Bitcoin and thus causing the ETH/BTC ratio to rise, it often signals that investors are shifting their capital from Bitcoin to altcoins. This potentially indicate the beginning of the altseason! Do You Think ETH Could Reach 10k After This Approval? 🤔 Let Me Know In Comments! STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 - DYOR 🙏 NFA.🤝 #EthereumETF #EthereumPredictions #ETHPrice #altseason2024 #AltcoinInvesting
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BULLISH! 🔥 $NEAR GOES FULL AI! 🤯 This Will Change Everything & Here Is Why 👇 Near is developing an AI agent to support users without any coding skills to create decentralized Dapps. An AI agent is a software program that uses the artificial intelligence to perform tasks in autonomous way. For example you can instruct the agent by providing him a description and as a consequence it will build an entire Dapp while including all the necessary features (e.g. service listings, smart contracts for transactions and the user interface). In my opinion, this integration with the blockchain technology is a great step forward! Near has further empowered its ecosystem and its users, enabling them to easily bring their ideas to life and thus fostering creativity and entrepreneurship! Thanks to the AI agent, more Dapps will be created and as a consequence the Near ecosystem will grow faster! Overall, the development of this AI agent is very positive news for Near. However, we will see the effects in the medium to long term. That's because it will take some time for the new users to get used and comfortable in developing Dapps through the AI Agent. And You, What’s the first Dapp you'd create with NEAR's AI agent? What Price Will Near Reach In The Following Months? 🤔 Let Me Know In Comments! STAY TUNED!🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 - DYOR 🙏 NFA.🤝 #NEARProtocol #Nearprice #AltcoinInvesting #Altcoins2024
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BINANCE AIRDROPS ARE BLEEDING!🩸However, $ORDI & $WIF Hold Strong! 🔥👇 Over 84% of recent Binance's Airdrops have experienced a decline in value. In fact, out of 30 analyzed tokens, only 5 of them have increased in price. ORDI, WIF and JTO are the top performers while PORTAL, AEVO and SAGA have performed the worst! The overall decline is partially attributed to the utility they provide. When they don't match investors' expectations, they serve as "exit liquidity" and are sold off ASAP! Watching at data, investors have preferred to hold memecoins because of their popularity and big fan base. However, in my opinion, there are several reasons why many of these new tokens have underperformed. The high initial valuations is the first because new tokens are listed with a massive fully diluted valuation while not having a substantial user base. That limits their growth! Second, the market conditions. This could drastically impact them according to the crypto market trend (correction/uptrend). At least, the lack of real-world use case (utility). New tokens often miss a straight utility (due to their early stage) and thus it becomes difficult to sustain their value over time. And You, Which Binance Airdrop Tokens Do You Still Hold? 🤔 Let Me Know In Comments! STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝 #binanceairdrop #AirdropAnnouncements #dogwifhat #memecoins2024
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$NEAR SET TO REVISIT ITS PREVIOUS ATH ($20.6)! 🔥But First... 👇 Currently trading at $7.9, NEAR is showing a strong up trend! Thanks to the latest news regarding Ethereum, the crypto market has recovered and more buying volumes have come in. NEAR is gaining a significant momentum and the monthly structure literally confirms that. If the June monthly candle closes above the previous one, most likely the trend will revisit R2. Despite the past challenges in surpassing the 10 dollar, this time, the narrative could become reality. Technical indicators on a monthly time frame such as EMA10 and MOM10 are suggesting a long term uptrend. This is a massive bullish scenario for long term investors. Fibonacci levels predict a price target of $16.5. However, if we "zoom in" and we watch at the daily time frame, HMA and CCI indicators are forecasting a short term correction, heading to S3. For who may doesn't know, the Hull Moving Average (HMA) is an helpful indicator that helps to spot a trend direction and thus confirm a potential market reversals. According to the current situation, I will implement the following strategy: Up Trend Scenario + Hedge Strategy I will open a long position as soon as the price reaches the support range (S3). Leverage 1x, Stop loss on 7.16. If the price then goes up, I'll take profit on R1 (25%) and (75%) on R2. If selling volume increase and market goes against me, I'll open a short position on the previous stop loss and take profits on S2. Most likely, on S2 I'll reopen a new long position but with Leverage 2x. I'll keep you update! And You, Do You Believe Near Could Hit Again Its Previous ATH Of $20.6? 🤔 Let Me Know In Comments! STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝 #NEARProtocol #Nearprice #NearBullish #Altcoins2024
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$XRP FORCASTED AT $19?! 🤯 But What's The Probability? 👇 A possible settlement between SEC and XRP could skyrocket its price to $19 according to analysts! Ben Armstrong believes that if the settlement becomes reality, then XRP's market could see massive volumes. In fact, if the court says that XRP is not a security, then XRP will be traded more freely on crypto exchanges (no extra regulatory compliance)! However, I do personally believe that $19 is too optimistic! In order to reach that price, XRP has to double the total market cap of ETH. More precisely, in order to reach $19 per token, XRP's market cap must achieve $988 billion. A target that's most likely impossible to reach in the short term! In my opinion, it would be already a great milestone if XRP reaches $1 in the following months! And You, Do You Believe It Can Reach $19? 🤔 Let Me Know In Comments What Price XRP Could Reach! STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 - DYOR 🙏 NFA.🤝 #XRPPriceTarget #XRPPricePrediction #XRPPriceAnalysis #Altcoins2024
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