Analyst Recommends Holding 30-50 Altcoins for Bull Run Profits: Here’s the Top Picks

There’s been a recent market pullback despite the positive ETF inflows. Historical patterns suggest a brief pullback followed by a recovery. Bitcoin shows signs of a bullish divergence and reduced volume, suggesting a breakout. Solana and its ecosystem are performing well, with some tokens breaking weekly trends and showing strong growth potential.

The analyst stresses the importance of being patient and diversified, holding at least 30 to 50 altcoins. Ultimately, the analyst aims to consolidate their portfolio into major cryptocurrencies like Solana, Ethereum, and Bitcoin. The total market cap indicates that altcoins will see significant movement. Here are several coins mentioned by the analyst:

Injective
He said that Injective ($INJ ) as a token that has broken previous all-time highs and is now retesting, similar to Bitcoin’s historical performance. The analyst sees Injective (INJ) potentially entering a significant upward trend, expecting it to mirror Bitcoin’s previous performance of retesting and then reaching new highs.

Solana
He brought to attention a bullish cup and handle pattern on Solana ($SOL ) and projects it could reach $800 to $1,000 in the long term, though advises taking profits during significant price increases.

$XRP
The analyst believes XRP is in a massive accumulation phase, yet to start its first significant leg up. He suggests it could see substantial gains, although it’s not considered as strong fundamentally as Solana or Injective.

Dogecoin
He said that Dogecoin has broken out of its previous range. Short-term target is around $0.50, based on high time frame Fibonacci retracement. It may rise significantly, but it’s prudent to take profits at resistance levels and leave some for potential further gains.

Other Altcoins
Ethereum is strong for long-term holding, with short-term targets between $3250-$3300 and potential dips to $3100. Altcoins like AVAX, FTM, ADA, LINK, and NEAR are also in favorable zones.

Crash Alert:
Guys, $XRP is currently on 0.58 and it is going further down and will hit $0.56. Wait for its dump and then you guys can buy it.

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Terra Classic Price Aims $0.0001 Breakout as USTC, $LUNC Tokens Gain New Utility

Terra Classic price shows signs of a bullish reversal, breaking out of a descending channel. With increasing trading volume and new utility for USTC, LUNC may see significant gains, potentially rising to $0.00012.

The Terra Classic price shows sustainability above $0.00008 support as its USTC stablecoin gained new utility on the Cosmos blockchain, serving as collateral for Membrane’s CDT token. On Wednesday, the LTC price jumped 3.8% to $0.000087, while the market cap surged to $477.2 Million. An analysis of the 4-hour chart indicates that this altcoin’s ongoing consolidation could lead to a bullish continuation pattern, potentially setting the stage for a higher rally.

Terra Classic is trending below the 200-day but above the 50-day exponential moving average (EMA). The former provides some resistance at $0.000098, while the latter offers immediate support at $0.0000833. A strong support level exists around $0.00007000 that may sustain the price up.

The LUNC Relative Strength Index (RSI) is at 54, which is neutral but leaning towards the bullish side. A value above 50 typically indicates buying pressure. Similarly, the CMF (Chaikin Money Flow) is at 0.13, indicating that money is flowing into the asset, which supports the Terra Classic price bullish outlook.

LUNC’s trading volume is up 30.30% per CoinGecko, coinciding with the breakout from the descending channel. This suggests strong buying interest, further supporting a bullish reversal.

#Lunc2TheMoonSoon #BullRunAhead

Guys, another market crash but you can see $XRP
is still holding 0.60 resistance level. I can predict, it will go to at-least $10 for sure. If you haven't buy it yet, do it now.

Best of Luck!

Top Altcoins to Buy Before the August 2024 Crypto Market Explosion

Bitcoin ($BTC ) may struggle to maintain dominance, with altcoins showing resilience and potential for growth. The upcoming launch of spot Ethereum ETFs is also expected to boost the altcoin market. This article highlights 4 altcoins to watch as the crypto market is poised for a major surge.

Ripple ($XRP ): Positioned for a Breakthrough
Ripple (XRP) has surged over 30% in a week, drawing significant attention. The cryptocurrency is in “qualification mode,” signaling a potential major uptick.

CEO Brad Garlinghouse’s $1.4 billion share repurchase plan highlights Ripple’s strong financial health despite ongoing legal challenges. Technically, Ripple (XRP) shows strong breakout potential, with targets set at $1.88, $5.86, and possibly $18.23.

Expert predictions even suggest a possible surge to $36, bolstered by a bullish pennant pattern and upcoming regulatory clarity.

Toncoin (TON): Bridging to New Heights
Toncoin (TON) is making headlines with its new Bitcoin bridge and upcoming perpetual futures contracts on Coinbase. These developments are expected to enhance its transaction capabilities and market appeal, attracting more crypto enthusiasts and boosting liquidity.

The market is responding positively, with predictions suggesting a potential price surge toward $10. The strategic innovations and strong market positioning of Toncoin (TON) indicate promising growth opportunities ahead.

Cardano ($ADA ): Rising Amidst Growing DeFi Adoption
Cardano (ADA) is seeing a surge in its DeFi ecosystem, with transaction volumes surpassing $22 million. Despite resistance at $0.44, Cardano (ADA) has risen 40% in two weeks, reflecting strong market interest.

The growing DeFi activity and favorable technical indicators suggest continued bullish potential. Breaking $0.45 could lead to new highs, with potential targets around $0.50 and speculation about a spot ETF approval boosting optimism.

$LUNC News: Terra Luna Classic Makes Final Key Changes To Upgrade

LUNC News: Terra Luna Classic developers worked together to make swift progress in preparedness for upcoming tax distribution upgrade.

Terra Luna Classic developers have made final changes to the tax distribution upgrade. After completing development for Oracle Split logic to divert community pool rewards from tax burn to the Oracle Pool (OP), a release of the terrad client is created that will reroute short-term rewards to long-term rewards.

Terra Luna Classic Tax Burn Distribution Upgrade Preparedness

The new Release v3.1.3 was announced by Terra Classic popular developer Till Z, known as Fragwuerdig in the LUNC community. The latest update was done in collaboration with a few other developers including StrathCole as per proposals 12098 and 12114 passed by the community.

A proposal will be submitted to get validator and community approval to update terrad client to v3.1.3. The chain will halt at block height 19108180, anticipated on July 29 at 13:00 UTC. The community anticipates key LUNC news regarding token burns by TFL before the update.

The logic will divert Block rewards to the Oracle Pool (OP), slowing down its depletion rate. This effectively makes the requirement change from short-term rewards to long-term rewards as per the proposals. The Genuine Labs made a second key change regarding the security and memory leak issues in wasmvm, which was fixed by bumping wasmvm version to v1.5.2.

LUNC and USTC Jump Amid Market-Wide Recovery
In a major LUNC news for the community, Terra Luna Classic rallied more than 27% this week to recover from last month’s correction. LUNC price soared over 1% in the last 24 hours, with the price currently trading at $0.00009066. The 24-hour low and high are $0.00008865 and $0.00009411, respectively. Moreover, trading volume decreased slightly in the last 24 hours.

As per LUNC price analysis by CoinGape Markets, the price can easily surpass $0.0001 resistance. The leading indicators are showing signs of bullishness.

Ethereum ETFs Approved by SEC, Bringing Popular Funds to Second-Largest Cryptocurrency

Issuers received approval for their latest S-1 filings, which means that the funds could begin trading as early as Tuesday.

U.S. regulators have given final approval for spot exchange-traded funds that hold Ethereum's ether ($ETH ), giving Americans access to a second major cryptocurrency via the easy-to-trade vehicles.

"We've now fully entered the ETF era of crypto," Matt Hougan, chief investment office at Bitwise, said. "Investors can now access more than 70% of the liquid crypto asset market through low-cost ETPs."

"Being the first to file for an Ethereum ETF back in 2021, we have long believed investors should have access to Ethereum exposure in a vehicle they find accessible and familiar," said Kyle DaCruz, head of digital assets at VanEck. "If Bitcoin is digital gold, then Ethereum is the open-source App Store and the gateway for exposure to the thousands of applications that will utilize blockchain technology."

Impact on Ethereum's price
The approval and beginning of trading of the spot bitcoin ETFs in January, which became the most successful launch in the history of exchange-traded products in terms of the speed of money rushing into them, pushed the price of the largest cryptocurrency up to new all-time highs after surging more than 58% within just two months.
Some analysts predict that while a spot ETH ETF could move the price of ether up to $6,500, inflows into those funds won't be nearly as high as for their bitcoin-focused counterparts.

Research firm Steno Research predicts that the newly launched ETFs could see $15 billion to $20 billion worth of inflows in the first year which is roughly the same that the spot bitcoin ETFs have taken in in just seven months. Ethereum doesn't have the "first-mover advantage" that bitcoin had and it lacks a strong narrative such as bitcoin's "digital gold" belief among many supporters, a report by the firm stated.

Binance Launches $BANANA Airdrop, Token Soars on Listing

Binance the world’s leading cryptocurrency exchange by registered users and daily trading volume, has announced an exciting new development: the launch of Banana Gun ($BANANA ) as the inaugural project in its binance information
HODler Airdrops. This move marks a significant milestone for $BANANA , the native token of the Banana Gun bot ecosystem, which offers advanced trading tools for on-chain tokens.

Binance has revealed that users who staked their BNB in Simple Earn products from June 23 to July 5, 2024, will qualify for the Banana airdrop. The exchange plans to list Banana this Saturday, featuring trading pairs with Bitcoin, USDT, TRY, FDUSD, and BNB.

Rising Demand for $BANANA

Ahead of the upcoming listing on Binance tomorrow, on-chain data shows a smart trader has accumulated around $1.5 million worth of Banana in the past 24 hours. The smart trader has been accumulating BANANA tokens in the past as the token hovered between $11 and $20.

With a fully diluted market cap of about $616 million and a daily trading volume of roughly $37 million, the small-cap meme coin has around 10,000 on-chain holders. Notably, the Banana Gun project has burned 10% of its total supply and locked 45% for token vesting, according to on-chain data.

BANANA targets
Driven by heightened demand from whale investors and speculative retail traders ahead of Binance’s listing, the price of Banana has surged more than 61% in the past week, reaching around $69 on Friday.

The altcoin has entered price discovery mode, having recently peaked at an all-time high of approximately $75. From a technical perspective, Banana is now targeting the next liquidity level of $91, aligning with the daily 3.618 Fibonacci Extension.

Shiba Inu crushed by 5 trillion $SHIB transfer, $230 million WazirX hack

Shiba Inu (SHIB), one of the largest meme coins in the crypto ecosystem suffered a steep correction early on Thursday, following a hack on an Indian crypto exchange.

Data from on-chain intelligence tracker Arkham shows that WazirX exchange was exploited for over $102 million in SHIB tokens. Amidst panic selling from traders and the exploiter offloading the assets, SHIB faced a mass sell-off.

Shiba Inu lost 8% value on the day, at the time of writing.

Shiba Inu succumbs to mass sell-off
Shiba Inu faced an intense sell-off as over 5 trillion SHIB tokens were moved to crypto exchanges within hours, on Thursday, July 18. Data from on-chain tracker CryptoQuant shows mass transfer of SHIB to exchanges.

Typically, a large volume of an asset hitting exchange wallets is considered bearish, since it implies there is a higher volume of the token to sell.

WazirX exchange was hacked today by ~$100 million in SHIB.

People are rushing into exchanges to sell.
More than 5 trillion SHIB have hit exchanges in the last hours. pic.twitter.com/Hwd3QU4hWv

— Julio Moreno July 18, 2024

The transfers were likely panic selling by crypto traders in response to the WazirX exchange exploiter offloading their SHIB holdings. Arkham Intelligence data shows that the hacker sold over $102 million in Shiba Inu tokens from the exploit, per information available on-chain.

UPDATE: The WazirX Hacker is out of SHIB.

$102.1M SHIB was stolen this morning from WazirX and has now been fully sold off by the attacker. pic.twitter.com/sjCSZJhdIv

— Arkham July 18, 2024
Shiba Inu trades at $0.00001711 at the time of writing.

1/ So I began tracing the $230M+ WazirX hack back from the original exploiter address & was able to make some interesting observations. https://t.co/gLHu05sXWZ pic.twitter.com/eFRNdLtACB

— ZachXBT July 18, 2024

The hacker holds over $4.7 million in FLOKI tokens. FLOKI erased nearly 5% of its value on the day, trades at $0.00017098, at the time of writing.

If $XRP Volume Reaches $40B Per Day, Here is The Double-Digit Price It Can reach

Hypothetical analysis suggests that the daily trading volume of XRP may need to surge to $40 billion to achieve a double-digit price.

XRP ranks among the primary beneficiaries of the latest mini-bull run, setting a new monthly high at $0.5682 early today. With a floor price of $0.55 at press time, XRP has surged by over 25% within the last seven days.

XRP’s significant gain over the past 24 hours is reflected in its trading volume. Market participants have exchanged a staggering $2,212,069,038 in XRP today, a substantial 54% increase from the value obtainable in the previous day.

Trading in double figures implies a price of at least $10 for XRP. Consequently, this prominent AI tool first estimated the price increase ratio of XRP reaching $10 versus its current market value of approximately $0.55.

In particular, XRP demands a growth of over 1,700% to attain a market value above $10, an increase factor of 18.18. ChatGPT assumed a scenario where a proportionate growth in current daily volume would be akin to a similar growth in market value.

As a result, it multiplied XRP’s current trading volume of $2,212,069,038 by the growth factor needed to reach $10, which resulted in a hypothetical daily volume of over $40.24 billion.

Presently, only two crypto assets, Bitcoin and USDT, are experiencing daily trading volumes exceeding $40 billion. As of press time, Bitcoin’s volume is $38.11 billion, while USDT’s volume reaches $70.9 billion. In contrast, Ethereum, the altcoin market leader, sees a significantly lower volume of $18.85 billion.

One of the highest trading volumes XRP has recorded was on July 13, 2023, with a volume of $10.39 billion, coinciding with the court ruling that XRP is not a security. When XRP traded at an all-time high (ATH) of $3.84 in January 2018, it saw a volume of $8.1 billion.

Notably, ChatGPT cautioned that the calculation proposing a $40 billion is an oversimplification, as real-world market dynamics are far more intricate.

August 1st, $XRP is expected to be priced at $9,761

Yes, you heard it right!

In a bold prediction that has set the cryptocurrency community abuzz, MrKingXRP tweeted, "August 1st, will be the day XRP get priced at $9761. Keep this date in your schedule. 👀🚨". This tweet has fueled speculation and excitement among XRP enthusiasts, prompting discussions about the future potential of this digital asset.

The Vision of Arthur Britto

Adding to the intrigue are the rumors circulating on social media regarding the ultra-bullish forecast made by Ripple co-founder Arthur Britto. According to these speculations, Britto has envisioned a scenario where XRP reaches a price of $10,000. He emphasizes that the key to achieving this target lies in XRP's ability to scale effectively and accommodate the entire global population of 7.5 billion people.

Britto's ambitious vision for XRP reflects his unwavering confidence in the digital asset's potential for scalability and widespread adoption. By aiming for a five-digit valuation, XRP would position itself among the most valuable cryptocurrencies in the market. His emphasis on global scalability underscores the necessity for XRP to handle transactions on a massive scale, making it suitable for use across various industries and populations.

As a co-founder of Ripple Labs, Britto's insights carry significant weight within the Ripple and XRP community. His statement highlights the long-term goals and aspirations of Ripple Labs in positioning XRP as a formidable player in the cryptocurrency market. The journey towards achieving this vision will undoubtedly be closely watched by investors and enthusiasts alike.

#ETH_ETF_Approval_23July #BullRunAhead

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136 Million XRP in Three Hours – What’s Going On?

Recently published on-chain data shows massive XRP transactions occurred within just three hours

Popular blockchain tracker Whale Alert, which tracks down large cryptocurrency transfers and shares their details on the X platform, has reported that a substantial amount of XRP – close to 136 million coins – has been moved in the last 20 hours. Notably, this staggering amount of cryptocurrency was transferred within merely three hours and went in four large transactions. The majority of these funds was withdrawn from the largest cryptocurrency exchange, Binance, by mysterious wallets. Those transfers took place while the price of the seventh largest crypto, XRP, lost more than 7% over the weekend; since then, it has managed to recover by 3.52%. Over the past week, XRP skyrocketed by an enormous 26%.

According to data shared by Whale Alert, anonymous whales made three transfers, withdrawing millions of XRP from Binance in each of them. Those mammoth transactions carried 33,839,894 XRP; 35,937,321 XRP and 38,783,752 XRP. Each of these XRP lumps is evaluated at approximately $20 million or slightly lower. Thus, the enigmatic whales have withdrawn roughly $110 million worth of crypto to their wallet.

In the meantime, 28,070,000 XRP worth $14,936,884 were deposited to another major cryptocurrency trading venue, Bitstamp. The activity of whales has clearly increased, along with the XRP price surge, as can be seen thanks to this data supplied by Whale Alert.

Credit: U Today

Guys, Crypto market is recovering rapidly. Those who waited for this with patience, it is time for them to get their reward.

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Guys, after multiple different algorithmic updates and coin burn by Terra Luna Classic ($LUNC ) community, the price of Lunc is now gradually increasing. It is time to hold your coins and if you guys haven't buy it yet don't wait further and buy it now.

What you guys think, the price of Lunc will increase or it remains the same?

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Best of Luck!

Here’s The Price $XRP Must Reach to Flip Ethereum

The XRP community has continued to bemoan the underperformance witnessed with XRP over the past few years. This persistent underperformance since March 2020 has created a massive gap in market cap between XRP and Ethereum, two assets that continuously competed closely for the second spot in the early days.

XRP’s Battles for Second Spot
Before Ethereum’s launch in July 2015, XRP battled with Litecoin for the second spot on the list of largest assets by market cap. After Ethereum launched, XRP transcended Litecoin, but instead began a new battle with $ETH . Ethereum gained the upper hand until January 2018 when XRP hit its ATH of $3.3.

However, amid the correction from this peak, XRP dropped below the second spot again. Market data confirms that since March 2020, Ethereum (red) has outperformed XRP (blue) by a mile. This has led to ETH’s market cap skyrocketing to the hundred-billionth level, while XRP’s valuation remains below $40 billion.

Currently, Ethereum boasts a market cap of $377.2 billion, while XRP’s market cap currently stands at $28.58 billion. XRP has now moved below the top 5 assets by market cap, with its current position being seventh. Despite the bearish reality, some market watchers project an imminent rally. Some of the expected targets could help XRP recover the second spot.

How Much XRP Must Rise to Flip Ethereum

Amid these predictions, we recently assessed how much XRP needs to rally to reclaim the position as the second-largest cryptocurrency. For context, XRP must surpass Ethereum’s $377.2 billion valuation to reach this feat. This would mark a new all-time high valuation for the asset.

Supposing XRP’s circulating supply remains fairly constant at 55.805 billion, the token would need to hit a price of $6.76 to claim a $377.2 billion market cap. With XRP currently changing hands at $0.5112, a massive 1,223% rally is necessary to clinch the $6.76 price level.

Here’s when $XRP could reach $250, according to analyst

Although the price of XRP has faltered in recent years, a crypto analyst has projected that the digital asset could have significant upside potential.

In an X post on July 11, The Great Mattsby indicated that, based on technical indicators and historical performances, XRP is poised for a possible rally to claim the $250 mark in the next few years.

According to the analysis, XRP is experiencing one of the tightest monthly Bollinger Band squeezes in its history, pointing to bullish sentiments. Notably, the Bollinger Band squeeze, a technical indicator signifying periods of low volatility that often precede significant price movements, further supports the case for a potential breakout.

Historically, such squeezes in XRP have led to dramatic price increases, adding weight to the prediction of a future surge. The last one resulted in a growth of 60,000%.

“XRP has one of the tightest monthly Bollinger Band squeezes in its history and in all of crypto right now. The last time it squeezed like that it shot up 60,000%,” The analyst stated."

The path to $250
The analyst noted that if the pattern plays out again, a 60,000% growth could propel XRP to a valuation of $250 by 2028.

Notably, the path to hitting $250 involves several stages of upward movement, indicating that the journey may be with periods of both rapid gains and consolidations. The green angle, in particular, is emphasized as a critical level that could guide XRP’s price toward the $250 target.

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Bitcoin to Reach $250K, Solana to Surge to $800: Here’s How And Why

A popular analyst has raised his price target for Solana ($SOL ), projecting a potential value of $480 by the end of 2025, with a high-end estimate reaching $800. Virtual Bacon’s latest forecast hinges on several key metrics, including Solana’s supply and market cap. Currently, Solana has a supply of 579 million tokens with an annual inflation rate of 5.2%. By the end of 2025, this supply is expected to grow to approximately 625 million tokens.

In terms of market capitalization, the analyst projects that $BTC will reach a price of $250,000 by the end of 2025, resulting in a market cap of around $5 trillion. Assuming Bitcoin maintains a 50% dominance in the cryptocurrency market, this suggests a total market cap for all cryptocurrencies of $10 trillion.

Solana’s market dominance has increased from 0.75% to 3% over the past year. Assuming it remains at this level, Solana’s market cap would be $300 billion, leading to a price target of $479 per token. If Solana’s dominance increases to 5%, the price could rise to $800 per token.

He said, “I had estimated a price of $240 to $250 based on a lower market dominance assumption for Solana. However, with its current growth, I now expect Solana’s price to reach around $480, assuming a 3% market dominance. If Solana’s market dominance increases to 5%, the price could potentially reach $800.”

Credit: CoinPedia

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