Centralized crypto exchanges (CEX) have seen huge outflows in the last 24 hours with Binance, Coinbase, Bybit, and OKX recording over 30% decline in volumes. On-chain data shows sharp exits from centralized exchanges with analysts speculating wider market sell-offs and possible long-term buys by some bulls. Intra-day crypto trading has declined as most assets lose previous gains as sentiments flip. Market leader Bitcoin is down 1.21% exchanging hands at $69,836. Although weekly gains remain green, CEX volumes are depleting causing a roadblock to previous runs.

Binance and Coinbase Mark Exits
Leading crypto centralized exchanges Binance and Coinbase have seen declined activities today. Binance posted a $23.7 billion daily volume, a 31% volume decline amid a wider crypto-asset plunge. This week, Binance and other exchanges saw inflows as bullish pressure ticked upwards triggered by positive macroeconomic sentiment and spot ETH ETF anticipation.

Coinbase, the largest crypto exchange by volume in the United States saw outflows hitting 47.9% following market uncertainties. Trading volume was pegged above $3 billion. Bybit, the second-largest global exchange by volumes plummeted 30.5%. Despite outflows, trading activity stood at around $5.04 billion.

OKX saw similar outcomes as trading volumes plunged 37.9% to $3.8 billion. Other centralized crypto exchanges also marked reduced numbers following the release of the UK inflation data. Although inflation rates dropped to 2.3%, it missed the 2.1% mark projected by analysts. While this points to declined sentiments, crypto bulls on social media spaces maintain pressure on the market expecting a new run.

Crypto Prices Plunge
Crypto assets have plummeted today as losses cut across Bitcoin, Ethereum (ETH), and meme coins. According to on-chain analytics firm, Coinglass, the market saw $180 million in liquidations in the last 24 hours. ETH which rallied the market with 23% gains yesterday is down 2.24% while Ripple (XRP) and Cardano (ADA) are down 3.16% and 5.34% respectively.

Both assets also saw reduced trading volumes as mid-week trading continued sideways. Meme coins recorded outflow although PEPE defied the current market direction. Dogecoin (DOGE) is down 1.5% while Shiba Inu (SHIB) and Popcat trades at 1.9% and 9.5% losses.

The latest update from Binance, one of the world’s leading cryptocurrency exchanges, has sparked a lively discussion in the global crypto community. In an official statement released today, May 16, the firm revealed that it is removing the NOT/BTC trading pair, aiming to offer users a better trading experience.This decision, coming as Notcoin is gaining immense popularity, has sparked a tidal wave of speculation among the token’s investors, who are speculating over the crypto’s future price movements. Here’s a closer look at Binance’s announcement and its potential implications for Notcoin.

Binance To Remove NOT/BTC Trading Pair
Aligning with Binance’s announcement, the NOT/BTC trading pair, which was initially set to be listed on May 16 at 12:00 UTC, is now being removed from the platform. This decision surfaces in tandem with another event that unfolded orbiting Notcoin (NOT) crypto.

According to Notcoin’s community’s post on X today, some deposits of Notcoin to Binance were declined. This happened due to Binance’s compliance check.

Although users will receive their balance on ‘t.me/notcoin_bot‘ soon, as clarified by the crypto’s community, the sudden and abrupt halting of the NOT/BTC trading pair has taken the crypto market by storm. Meanwhile, Notcoin also claimed to have been working closely with Binance to resolve the issue.Further, amid the abovementioned saga, the NOT token has embarked upon a slumping price trajectory.
NOT Price Tumbles
As of writing, the NOT token’s price trajectory has plunged phenomenally, dipping 51.03% today. The token currently rests at $0.007077, boasting a market cap of $727.22 million. Further, its 24-hour lows and highs are $0.006887 and $0.01445, respectively.In the interim, Bitcoin (BTC) traded at $65,891.68 today, up 2.75% in the past 24 hours. The token’s market cap was evaluated to be $1.29 trillion, whereas its 24-hour trading volume stood at $36.70 billion.
#notbtc

In a move that has sent ripples through the cryptocurrency market, Binance, the world’s leading crypto exchange, has announced the delisting of several crypto trading pairs from its platform. The decision affects trading pairs involving popular cryptocurrencies such as SEI, SUI, CHESS, MDX, and ALPACA, raising concerns among investors about the potential impact on prices and market sentiment. This significant shift highlights Binance’s ongoing efforts to manage risk and maintain market stability, although it also shows the volatility and unpredictability inherent in digital asset trading.
Binance’s Delisting Announcement Sparks Speculations
Binance Margin will delist several margin trading pairs on May 31 at 06:00 (UTC).Cross Margin pairs such as MDX/BTC, SEI/TUSD, and SUI/TUSD, as well as Isolated Margin Pairs like ALPACA/BTC, ARKM/TUSD, CHESS/BTC, MDX/BTC, SEI/TUSD, and SUI/TUSD, will be removed. Ahead of this, at May 24 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on these pairs.On May 31, Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the affected pairs before their removal from Margin trading. Binance has urged traders to heed warnings, adjust positions, and leverage to avoid liquidation risks.
The exchange has reserved the right to implement further protective measures amid volatile market conditions, potentially affecting maximum leverage, position values, and funding rates. While the announcement demonstrates Binance’s proactive risk management, it has also triggered speculations regarding the potential impact on the prices of the mentioned cryptocurrencies.
Prices Remain Stable Amid Broader Market Recovery
For traders and investors, navigating the cryptocurrency market requires vigilance and adaptability. Binance’s actions aim to mitigate risks and enhance market integrity, highlighting the inherent volatility and unpredictability of digital asset trading. Market participants are urged to stay informed, monitor developments closely, and exercise caution when managing their portfolios.

Amid the recovery in the broader crypto market, prices of the affected coins have shown varied reactions: Sui (SUI) is priced at $1.14, down 1.43% in the last 24 hours but up 24.67% over the past week, Also the Tranchess (CHESS) on the other hand is $0.1861, down 4.93% in 24 hours but up 8.73% for the week. Sei (SEI) stands at $0.5635, down 3.30% in 24 hours but up 23.13% over the week and Alpaca Finance (ALPACA) is $0.1785, up 3.12% in 24 hours and 12.42% over the week. Lastly Mdex (HECO) (MDX) is $0.0421, showing a marginal increase of 0.02% in 24 hours and 3.00% for the week.

As history suggests, announcements from major exchanges often influence market sentiment, with positive news driving up prices and negative developments dampening investor enthusiasm. In this case, the delisting of trading pairs may inject uncertainty into the market, prompting investors to reassess their positions and trading strategies.

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Top 6 BEST Altcoins to Buy for 10x Profits in 2024
Author: Zameer Attar

May 17, 2024 12:16

Story Highlights
Bitcoin's price drop is seen as a normal correction and could lead to future growth, possibly reaching $100,000-$120,000.Analysts named top 6 potential high-growth altcoins in 2024: INJ, LimeWire , MLC, DOT, SOL, ONDOAs Bitcoin consolidates, analysts expect altcoins to rise in price.
As Bitcoin enters a period of sideways consolidation, falling up to 23% from its all-time highs, its market outlook remains cautiously optimistic. This phase is seen as a healthy correction, possibly paving the way for future growth.
Experts at Altcoin Daily believe Bitcoin could still double its value, reaching between $100,000 and $120,000 in this cycle. Alongside Bitcoin, they have identified six cryptocurrencies with the potential to increase tenfold in 2024, based on their unique strengths and development potential.
Here’s a deep dive into their insights.
Top Altcoins to Add to Your Portfolio Now
Injective (INJ)
Injective is a blockchain focused on finance, with upgrades and integrations enhancing financial applications. It works with Solana and Cosmos, expanding its ecosystem. Injective plans to develop a layer-three Arbitrum chain to improve its infrastructure and interoperability, indicating strong growth potential.
LimeWire (AI Crypto)
LimeWire has evolved from a file-sharing service to an AI-generated music platform. Blockchain technology manages rights and income for AI-created music. As AI and blockchain continue to merge, LimeWire aims to be among the top 10 AI tokens by the end of the year.
My Lovely Planet (MLC Token)
My Lovely Planet is a fast-growing Web3 mobile game, available on the App Store and Google Play. With over 170,000 monthly active users, the game combines casual gaming with environmental impact by planting trees as players level up. The game’s token, MLC, is not yet live but is distributed through quests and tasks. This combination of gaming and environmental impact positions it for significant growth.
Polkadot (DOT)
Polkadot’s innovative strategy and SEC compliance set it apart from other Layer 1 blockchains like Solana, Cardano, and Avalanche. Polkadot’s Web3 Foundation recently classified DOT as a non-security, encouraging institutional adoption. Despite being down 87.4% from its peak, Polkadot’s technology and regulatory foresight suggest a strong potential for recovery and growth.
Solana (SOL)
Solana is known for its high-performance blockchain, capable of handling thousands of transactions per second. Continuous improvements and updates make it a robust competitor in the Layer 1 space. With ongoing development and a growing ecosystem, Solana is a top contender for significant price appreciation.
Ondo Finance (ONDO)
Ondo Finance offers an institutional-grade financial platform backed by major investors like Founders Fund, Pantera Capital, and Coinbase. It allows users to earn yields on US Treasuries and the US dollar on-chain. Ondo recently launched Global Markets, a new platform aiming to bring all publicly traded securities on-chain with direct access to traditional securities exchange liquidity.
#ONDO/USDT❤️ #sol #POLKADOTE

The cryptocurrency landscape is constantly evolving, marked by unpredictability. Here, the search for the next major opportunity never stops. Despite the recent crypto market downturn, savvy investors continue to seek out promising projects. In the middle of this turbulence, Launchpad tokens emerge as pathways to innovative and potentially profitable ventures. Today, we explore three trending Launchpad tokens set to have an impact in May: Internet Computer (ICP), ChainGPT, and Kadena.
1. Internet Computer (ICP)
Internet Computer (ICP) has been creating excitement in the crypto community due to its unique method of decentralization. The token has shown a bullish trend despite the market challenges, having increased by 2.18% in its value over the past day, after recovering from losses of 12.2% over the past week.

With a market cap of $5,568,801,296, ICP is a major player in the crypto space, priced at $12.01. ICP has 7,375,320 coins available and a trading volume of $84,444,469 in the past 24 hours, showing stability and high liquidity, making it a desirable investment choice.

The Internet Computer blockchain redefines blockchain design using cryptography, enabling a versatile “World Computer” for various online systems. It eliminates the need for traditional IT like cloud services, promoting decentralization.

The ICP token holds value through three key utilities: powering computation by burning cycles, staking in the Network Nervous System DAO for voting rewards, and serving as a store of value for investing in decentralization sales by web3 services.

2. ChainGPT (CGPT)
In the field of combining artificial intelligence and blockchain, ChainGPT stands out as a strong competitor among launchpad tokens. Although the market downturn has affected the token’s performance with decreases in value in the past day and week, it boasts a market capitalization of $108.9 million. ChainGPT presents an attractive option for investors due to its circulating supply of 35,153,792 CGPT and 24-hour trading volume of $8 million, indicating growth potential and active trading.

ChainGPT Token is essential for the ChainGPT ecosystem, serving as the main currency for accessing the advanced AI model that powers it. Holders of $CGPT enjoy various benefits, making it a valuable investment for the future of crypto and blockchain. The token enables access to the specialized ChainGPT AI Model, offering tools for code contracts, market analysis, and more in the crypto and blockchain sector.

3. Kadena (KDA)
Kadena, placing emphasis on scalability and security, offers another attractive option for investors looking to invest in cutting-edge blockchain solutions. In spite of the challenges in the market, Kadena has demonstrated strong performance, achieving an 1.39% growth in the past. With a price tag of $0.8135,

Kadena’s market capitalization sits at $223.1 million with 4,327,428 KDA in circulation and a trading volume of $3.3 million over the past 24 hours. This demonstrates stability and attracting investor interest, which makes it a potentially lucrative investment opportunityKadena is a proof-of-work blockchain that combines Bitcoin’s PoW consensus with DAG principles for scalability. It offers security like Bitcoin but with high throughput for enterprises. Kadena’s decentralized infrastructure supports mass adoption with a multi-chain approach.

The platform promises industrial scalability for global financial systems and energy efficiency. Kadena’s crypto gas stations help businesses pay for customer gas fees, easing the adoption of blockchain technology.

Conclusion
Despite the volatility in the crypto market, there are plenty of opportunities for individuals who are willing to explore Launchpad tokens. In May, investors have a chance to take advantage of new trends and innovative technologies with launchpad tokens such as Internet Computer (ICP), ChainGPT, and Kadena at the forefront. Prudent research and risk management are essential for successfully navigating this ever-changing environment.

the summer end and continue till the end, the hunting is on for the best altcoin options. However, there are thousands of cryptocurrencies in the market, each with a different use case and performance history, making it even more challenging to choose the best.Nevertheless, a few evergreen altcoins with a history of profits should not be missed for the season as well. In this blog, let us discuss the top 4 must-buy altcoins before the Altcoin season starts.

1.Solana (SOL)
These days, Solana is the most popular blockchain network due to the success of Solana meme coins. The Solana network’s native token, SOL, is a popular altcoin, currently trading at $145.97 after a slight pump from yesterday. The demand for the token is understood by the 109% surge in its last 24-hour trading volume, pushing the value to $2,077,586,755.

Moreover, Solana is ranked 5th among the top 10 cryptocurrencies on CoinmarketCap, with its market capitalization of $65,459,493,601. Investing in Solana will be the right approach to welcome the altcoin season.

2.Polygon
Polygon is a layer2 solution, considered as the best alternative for the Ethereum network. It has gained huge popularity over the years, and its native token, MATIC, is among the top 20 best cryptocurrencies for its market cap of $6,624,997,147.
MATIC is currently trading at $6,625,428,706 with a trading volume of $221,318,234 after a 104.57% surge. Though MATIC’s value is down right now, the history of this altcoin reveals the possibility of seeing big profits at the right time.

3.Toncoin
Toncoin gained massive popularity with its current collaboration with the social media platform Telegram. Telegram has a long history with Toncoin and does influence the value of Toncoin. Moreover, TON has a history of profits, as the token has created an ATH of $7.65, which is just 5% away from its current value.

At the time of writing, TON is trading at $7.26 and is ranked 8th for its market cap of $25,230,439,674. Its trading volume has surged by 202%, pushing the value to $772,630,158. If the trend continues, TON will set a new ATH in the next few hours only.

4.Chainlink
Chainlink has continuously worked on adding new functionality and Smart Contract features in the market. Just recently, Chainlink has integrated six new services for various blockchains, including projects from DeFI, Fitech hubs, and web3 games. These continued efforts increased this altcoin’s worth in the crypto market, making it the perfect option for the altcoin season.
Moreover, Chainlink’s native token, LINK, is ranked 16th for its market cap of $7,928,632,368. At the time of writing, LINK is trading at $13.53 and has witnessed a 52% surge in its trading volume.
As per the crypto analysts Mikybull Crypto, altcoins are in a disbelief stage, usually leading to huge rallies in the past. Much such analysis directly indicates the possibility of witnessing an altcoin season soon.
#sol #MaticUSDC #chainlink #ToncoinSurge

In a marked downturn, the Runes protocol has witnessed a sharp reduction in blockchain interactions and minting activities. Despite accruing substantial daily fees, Runes has only eclipsed the $1 million mark in total fees on two separate occasions within the last twelve days, highlighting a noticeable downtrend.
Initially, Runes catalyzed an investor frenzy following its launch on April 19, which coincided with the most recent Bitcoin halving event. This launch period saw an unprecedented surge in transaction fees, with miners collecting over $135 million in the first week alone. The Runes protocol quickly dominated Bitcoin transactions, reaching a peak transaction share of 81.3% on April 23. However, this dominance was short-lived as activity began to taper off, with significant declines noted particularly on May 10.The analytics from Dune, a leading blockchain analytics platform, confirm these observations. After an initial robust performance, the fee revenue from the Runes protocol has shown a consistent decline. Despite the protocol’s ability to still generate hundreds of thousands of dollars daily on the Bitcoin blockchain, the dwindling frequency of surpassing the $1 million threshold points to a broader trend of decreased activity.

Developed by Casey Rodarmor, also known for creating Ordinals which introduced non-fungible tokens to the Bitcoin network, Runes extends this innovation by facilitating the creation of fungible tokens. This development promised enhanced tokenization capabilities over the existing BRC-20 standard, leading to a significant initial uptake and a burst in meme coin trading on the platform.Despite the declining transaction share, Runes displayed a brief recovery in early May, with transaction shares rebounding above 60% on May 4 and 5. However, this was not sufficient to sustain the earlier levels of engagement, and overall miner revenue on the Bitcoin network fell to below $30 million per day in May.

The Runes protocol, despite its early success and the creation of several high-value Rune collections as reported by Magic Eden, faces the challenge of maintaining traction in a volatile market. Further innovation remains on the horizon, as hinted by Rodarmor with a forthcoming audioreactive generative art project during an Ordinals event in Hong Kong, potentially revitalizing interest in the platform.

Wells Fargo, a titan in the U.S. banking sector, has marked a significant expansion in its cryptocurrency portfolio by investing in Grayscale’s spot Bitcoin ETF. According to the U.S. Securities and Exchange Commission (SEC), this strategic move encompasses Wells Fargo’s acquisition of a spot Bitcoin ETF from Grayscale and ProShares.
The investment portfolio includes 37 shares of the ProShares Bitcoin Strategy ETF, which provides exposure to Bitcoin futures. Additionally, the bank has acquired 2,245 shares of the Grayscale Bitcoin Trust, recently converted into an ETF format. Wells Fargo also holds 52 shares of Bitcoin Depot, strengthening its position in the digital asset market.
This considerable investment in Bitcoin assets totals over $143,000. The SEC, however, advises caution, noting that financial disclosures should not be presumed accurate and complete without verification.

In a broader strategy to enhance digital asset accessibility, at the end of February, both Merrill Lynch’s investment division and Wells Fargo’s asset management division started to offer selected clients access to Bitcoin-based ETFs. Eligibility for these offerings is contingent upon clients having an active brokerage account and specifically requesting access to a Bitcoin ETF.

A Wells Fargo spokesperson confirmed that spot Bitcoin ETFs would be available for purchase through Wells Fargo Advisors or the Wellstrade Bank online platform upon receiving regulatory approval. Similarly, UBS Group AG is selectively offering SEC-approved spot Bitcoin ETFs to certain asset management clients who have the necessary brokerage setup.Wells Fargo’s venture into Bitcoin exposure is not its initial foray into the cryptocurrency sphere. In 2021, the bank applied for registration of a passive Bitcoin fund and indirectly equipped high-net-worth clients with mechanisms to invest in Bitcoin. During this period, Wells Fargo’s asset and investment management division was responsible for managing approximately $2 trillion in assets.

This article presents a curated list of five promising altcoins under $1, including The Graph (GRT), Sei (SEI), and Harmony (ONE), that could beat expectations this bull season.
The cryptocurrency market recently slipped into a bull phase, with the price of Bitcoin (BTC) hitting a new all-time high above $73,000 on March 14. However, the latest market uptrend, which began last October, has cooled, with most crypto assets seeing double-digit losses over the past month.
Nonetheless, most market analysts have presented the current downturn, which has triggered a 12% collapse in Bitcoin’s price in the last month, as an opportunity for investors to augment their bags before the market witnesses another phase of price upswings.Amid this prevalent sentiment, the uncertainty revolves around the cryptocurrencies worth betting on. While multiple market watchers have called attention to the most prominent altcoins, this article spotlights some of the lesser known ones trading under the $1 mark but showing potential to shine during the bull season.

The Graph (GRT)
The Graph (GRT) functions as a decentralized protocol within the blockchain scene, indexing and organizing data to enable the creation of open APIs, termed subgraphs. Developers utilize GraphQL to query these subgraphs for indexed data on the network.

In one of its recent bullish developments, The Graph introduced the Sunrise Upgrade Program, featuring a reward pool of 4 million GRT.Santiment data reveals an additional 11,680 holders since January, surpassing 160,000 total holders and reaching 161,880 at last check. Concurrently, whale addresses, holding between 10 million and 100 million GRT, have accumulated over 200 million tokens since late February.
The Graph Whale Accumulation
This positive momentum reflects growing investor confidence and substantial demand for the token, with GRT’s performance in the current bull market exhibiting remarkable growth. It soared 504% from the August low of $0.0817 to a two-year peak of $0.4940 in March.
Current statistics show a 44% year-over-year increase in GRT’s price. Despite a current trade value of $0.2654, representing a 46% decrease from the annual high, The Graph’s resilience above the 200-day EMA ($0.2387) and its pursuit of significant resistance levels suggests a potential continuation of its upward trajectory.

HomeCrypto NewsMarketHere are Five Altcoins Under $1 That Could Shine This Bull Season
Here are Five Altcoins Under $1 That Could Shine This Bull Season
DATE:
MAY 9, 2024
WRITTEN BY:
SAM WISDOM RAPHAEL

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Facebook
Telegram
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This article presents a curated list of five promising altcoins under $1, including The Graph (GRT), Sei (SEI), and Harmony (ONE), that could beat expectations this bull season.
The cryptocurrency market recently slipped into a bull phase, with the price of Bitcoin (BTC) hitting a new all-time high above $73,000 on March 14. However, the latest market uptrend, which began last October, has cooled, with most crypto assets seeing double-digit losses over the past month.
Nonetheless, most market analysts have presented the current downturn, which has triggered a 12% collapse in Bitcoin’s price in the last month, as an opportunity for investors to augment their bags before the market witnesses another phase of price upswings.
- Advertisement -
Amid this prevalent sentiment, the uncertainty revolves around the cryptocurrencies worth betting on. While multiple market watchers have called attention to the most prominent altcoins, this article spotlights some of the lesser known ones trading under the $1 mark but showing potential to shine during the bull season.
The Graph (GRT)
The Graph (GRT) functions as a decentralized protocol within the blockchain scene, indexing and organizing data to enable the creation of open APIs, termed subgraphs. Developers utilize GraphQL to query these subgraphs for indexed data on the network.
In one of its recent bullish developments, The Graph introduced the Sunrise Upgrade Program, featuring a reward pool of 4 million GRT.

- Advertisement -
Santiment data reveals an additional 11,680 holders since January, surpassing 160,000 total holders and reaching 161,880 at last check. Concurrently, whale addresses, holding between 10 million and 100 million GRT, have accumulated over 200 million tokens since late February.

This positive momentum reflects growing investor confidence and substantial demand for the token, with GRT’s performance in the current bull market exhibiting remarkable growth. It soared 504% from the August low of $0.0817 to a two-year peak of $0.4940 in March.

Current statistics show a 44% year-over-year increase in GRT’s price. Despite a current trade value of $0.2654, representing a 46% decrease from the annual high, The Graph’s resilience above the 200-day EMA ($0.2387) and its pursuit of significant resistance levels suggests a potential continuation of its upward trajectory.
TokenFi (TOKEN)
TokenFi (TOKEN) is a pioneering entity within the Floki ecosystem for real-world assets tokenization. The platform boasts an intuitive interface, enabling the generation and tokenization of assets without the need for programming expertise.
As a participant in an expanding sector estimated to attain a $16 trillion valuation by 2030, TokenFi is poised to emerge as a dominant player in the realm of asset tokenization. Ripple, a prominent blockchain payment company based in San Francisco, is also exploring opportunities within this burgeoning market.
TokenFi has witnessed a notable uptick in investor confidence. An infusion of $10 million by DWF Labs into TokenFi’s TOKEN for the advancement of AI-driven offerings triggered a 50% appreciation in its market price, culminating in a record peak.
Reflecting on its market performance, TokenFi’s TOKEN has demonstrated impressive growth since its launch last October. Its value surged 642% from the start of January to a peak of $0.2464 on March 26. With its current price at $0.0950, TOKEN has appreciated by 186% this year, positioning itself to capitalize on the anticipated market surge for further growth.
Ankr (ANKR)
Ankr (ANKR) is a Web3 infrastructure provider delivering development tools for blockchain technology. It offers multi-chain staking, node deployment, and API management services.

ANKR rose to the top validator spot on Binance Smart Chain three years ago, which significantly increased its value and visibility. This growth was backed by stronger fundamentals, new partnerships, and integrations with major blockchain networks.

Ankr’s partnerships with Microsoft and Tencent Cloud and its service collaboration with Storj have further solidified its market position.

In the current bull run, ANKR has shown positive growth trends. It is currently priced at $0.0447, marking a 56.4% increase this year, despite a 35% drop from the April 1 high of $0.0688. ANKR remains above its 200-day EMA of $0.0379, and with a low CCI of -116, it appears to be undervalued.

Ankr 1D Chart

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HomeCrypto NewsMarketHere are Five Altcoins Under $1 That Could Shine This Bull Season
Here are Five Altcoins Under $1 That Could Shine This Bull Season
DATE:
MAY 9, 2024
WRITTEN BY:
SAM WISDOM RAPHAEL

Follow Us On
Facebook
Telegram
Twitter

This article presents a curated list of five promising altcoins under $1, including The Graph (GRT), Sei (SEI), and Harmony (ONE), that could beat expectations this bull season.
The cryptocurrency market recently slipped into a bull phase, with the price of Bitcoin (BTC) hitting a new all-time high above $73,000 on March 14. However, the latest market uptrend, which began last October, has cooled, with most crypto assets seeing double-digit losses over the past month.
Nonetheless, most market analysts have presented the current downturn, which has triggered a 12% collapse in Bitcoin’s price in the last month, as an opportunity for investors to augment their bags before the market witnesses another phase of price upswings.
- Advertisement -
Amid this prevalent sentiment, the uncertainty revolves around the cryptocurrencies worth betting on. While multiple market watchers have called attention to the most prominent altcoins, this article spotlights some of the lesser known ones trading under the $1 mark but showing potential to shine during the bull season.
The Graph (GRT)
The Graph (GRT) functions as a decentralized protocol within the blockchain scene, indexing and organizing data to enable the creation of open APIs, termed subgraphs. Developers utilize GraphQL to query these subgraphs for indexed data on the network.
In one of its recent bullish developments, The Graph introduced the Sunrise Upgrade Program, featuring a reward pool of 4 million GRT.

- Advertisement -
Santiment data reveals an additional 11,680 holders since January, surpassing 160,000 total holders and reaching 161,880 at last check. Concurrently, whale addresses, holding between 10 million and 100 million GRT, have accumulated over 200 million tokens since late February.

This positive momentum reflects growing investor confidence and substantial demand for the token, with GRT’s performance in the current bull market exhibiting remarkable growth. It soared 504% from the August low of $0.0817 to a two-year peak of $0.4940 in March.

Current statistics show a 44% year-over-year increase in GRT’s price. Despite a current trade value of $0.2654, representing a 46% decrease from the annual high, The Graph’s resilience above the 200-day EMA ($0.2387) and its pursuit of significant resistance levels suggests a potential continuation of its upward trajectory.
TokenFi (TOKEN)
TokenFi (TOKEN) is a pioneering entity within the Floki ecosystem for real-world assets tokenization. The platform boasts an intuitive interface, enabling the generation and tokenization of assets without the need for programming expertise.
As a participant in an expanding sector estimated to attain a $16 trillion valuation by 2030, TokenFi is poised to emerge as a dominant player in the realm of asset tokenization. Ripple, a prominent blockchain payment company based in San Francisco, is also exploring opportunities within this burgeoning market.
TokenFi has witnessed a notable uptick in investor confidence. An infusion of $10 million by DWF Labs into TokenFi’s TOKEN for the advancement of AI-driven offerings triggered a 50% appreciation in its market price, culminating in a record peak.
Reflecting on its market performance, TokenFi’s TOKEN has demonstrated impressive growth since its launch last October. Its value surged 642% from the start of January to a peak of $0.2464 on March 26. With its current price at $0.0950, TOKEN has appreciated by 186% this year, positioning itself to capitalize on the anticipated market surge for further growth.

Ankr (ANKR)
Ankr (ANKR) is a Web3 infrastructure provider delivering development tools for blockchain technology. It offers multi-chain staking, node deployment, and API management services.
ANKR rose to the top validator spot on Binance Smart Chain three years ago, which significantly increased its value and visibility. This growth was backed by stronger fundamentals, new partnerships, and integrations with major blockchain networks.
Ankr’s partnerships with Microsoft and Tencent Cloud and its service collaboration with Storj have further solidified its market position.
In the current bull run, ANKR has shown positive growth trends. It is currently priced at $0.0447, marking a 56.4% increase this year, despite a 35% drop from the April 1 high of $0.0688. ANKR remains above its 200-day EMA of $0.0379, and with a low CCI of -116, it appears to be undervalued.

Sei (SEI)
Sei (SEI) is a layer-1 blockchain crafted for trading platforms. It is known for its rapid transaction speeds due to a distinctive parallel architecture that enables simultaneous processing across various nodes.
Last April, the team garnered a $30 million investment to develop the blockchain. Sei’s infrastructure is adaptable, supporting a plethora of applications, including decentralized exchanges, NFT marketplaces, and gaming platforms, establishing itself as a multifaceted framework.
In February, Sei’s Devnet received a significant update, making it compatible with the Ethereum Virtual Machine (EVM). Interestingly, according to Santiment data, the project has seen a consistent increase in development activities.

On its launch in August, the SEI token secured listings on major exchanges such as Binance, KuCoin, and Bybit, enhancing its market presence. Currently trading for $0.5225 with a market cap surpassing $1.4 billion, SEI has soared by 6,420% since launch and is on track for further gains.
In March, SEI reached a new all-time high alongside Bitcoin, achieving the $0.8 level and aiming for the sought-after $1 milestone. Despite the recent market downturn, it has maintained its value above $0.5, and with an RSI of 39.90, there could be room for more growth.

Harmony (ONE)
Harmony (ONE) is a blockchain platform that streamlines the development and operation of decentralized applications (DApps). It utilizes sharding to scale effectively, ensuring swift transactions with minimal delay.
Harmony has been on an upward trajectory with its recent announcement of a $300 million ecosystem fund. This fund is set to entice developers and bolster the establishment of decentralized autonomous organizations (DAOs) within its network.
The ONE token plays a crucial role in the network, used for staking, transaction fees, and governance. The token has seen a robust performance in the ongoing bull market.
Kicking off the year at $0.0187, ONE surged 112% to a two-year peak of $0.0396 in March. Harmony has a history of significant growth, having soared 8,862% from $0.00424 in January 2021 to an all-time high of $0.38 in October of the same year. It is poised to continue this positive trend in the current market upswing.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

1.75 trillion SHIB mysteriously grabbed on Robinhood with price on verge of breakout Per data provided by Whale Alert tracker, yesterday, 1.75 trillion SHIB tokens were purchased on Robinhood. The purchase was made by anonymous whale -4D935, who withdrew this large amount of SHIB meme coins in two transactions, each carrying 875,000,000,000 SHIB. The total worth of the acquired tokens is evaluated at $39.2 billion. Meanwhile, Ali Martinez, popular crypto trader and analyst, shared on his X handle on Wednesday that he spotted SHIB forming a bull flag on its daily chart. According to Martinez, SHIB is aiming to make a major bullish breakout to the $0.000072323 level; thus, he decided to place a few buy orders around the $0.000018343 price mark. At the time of writing, SHIB is changing hands at $0.00002405, up 7.15% over the past 24 hours, per CoinMarketCap.

Ripple's 800 million XRP escrow lockup failed to reboot price, here's reason
According to recent on-chain data, Ripple Labs shifted 800 million XRP into an escrow wallet in an effort to rebalance the circulating supply of the digital currency. Per Whale Alert, the lockup was done in three tranches: the first one carried 500,000,000 XRP, the second one featured 100 million XRP and the third one 200 million XRP.  In response to the escrow activity, the price of XRP has slightly increased, by 4.61% to $0.5126 in 24 hours. However, this enormous XRP lockup has not yet recovered all the losses from the previous week. As market sentiment declined over the past month, XRP experienced a sharp drop in valuation. Even with the most recent surge, XRP is still down over the previous week by 2.04% and over the previous month by more than 14%. Currently, XRP is trading at $0.524, up less than 1% over the past 24 hours. Peter Schiff names new bearish target for Bitcoin price In a recent X post, Peter Schiff, renowned gold advocate, named the next downside objective for Bitcoin. In his opinion, the objective is going to be the $54,000 level. Schiff also stated that Bitcoin has formed a bearish head and shoulders pattern, with the "neckline" of the pattern just below $57,000. Earlier this week, the expert stated that Bitcoin is currently facing its do-or-die momentum, and if BTC breaks down below the $60,000 level, the asset will be in big trouble. However, recent statements made by Federal Reserve Chairman Jerome Powell briefly made the Bitcoin price rise above the $59,000 level. At the moment, Bitcoin is trading at $61,715, up 5.84% over the past 24 hours.#SHib #CryptoWatchMay2024 #XRPGrowth

As the crypto market exhibits signs of a burgeoning altseason, crypto analyst Alex Wacy has shared a strategic forecast with his 175,000 followers on X. Wacy predicts a selective yet explosive growth phase for altcoins, emphasizing the critical nature of asset selection and market timing.
Crypto Market Outlook And Asset Selection Strategy
Wacy’s recent thread underscores the anticipation of a massive altseason: “Only ~15% of altcoins will bring 10-100x in this hyper growth. Asset selection matters more than ever. One slip-up, and you’re out.” His analysis highlights the potentially selective nature of the upcoming market phase, suggesting significant disparities in performance among altcoins.
Wacy believes the market is currently undervalued and primed for a significant uptick. He suggests that the consolidation of the total altcoin market cap above $700 billion would confirm the bull trend, signaling the onset of altseason. This perspective is rooted in current market behaviors where sentiment remains largely bearish, presenting a contrarian opportunity for growth.He categorizes the current sentiment into three types of capitulation—price, time, and growth—indicating varied investor behaviors that often precede market recoveries. The prevailing fear of further drops, according to Wacy, will likely clear out weak hands, setting the stage for a supercycle driven by Fear of Missing Out (FOMO) and subsequent strong buying activities.
Top 6 Altcoins With The Most Potential
#1 And #2: WIF as well as PEPE are the memecoins highlighted by Wacy as potential early movers in the anticipated altseason. “Look at WIF and PEPE, structurally similar to DOGE during its meteoric rise. These coins have cultivated a community and meme appeal that could very well parallel SHIB’s market cap in the previous cycle,” Wacy asserts. He notes that PEPE appears particularly poised for a breakout, whereas WIF, though currently weaker, has the potential for quick shifts in market sentiment.
#3 Ondo Finance (ONDO)
This Real World Asset (RWA) focused coin is characterized by its robust buy support during price dips. Wacy sees ONDO as an undervalued asset with a significant upside. “ONDO has a resilient buy floor; even slight retractions to around $0.64 could offer lucrative entry points ahead of substantial upward trajectories,” he advises. His first target is the $1.62 price zone.
#4 Arweave (AR)
Known for its decentralized data storage solutions, Arweave is praised by Wacy for its strong market structure and resilience during downturns. Moreover, Arweave is building AO, a decentralized computer network which can be run from anywhere. “Arweave isn’t just storage; it’s a foundational technology in a decentralized future. A consolidation above $49 would likely be the catalyst for an explosive growth phase,” he predicts.
#5 Echelon (PRIME)
Wacy discusses PRIME’s multifaceted ecosystem, which encompasses a trading card game and an AI-powered game, both of which are gaining traction. “Echelon stands at the confluence of gaming and blockchain technology, attracting a broad audience with its innovative gameplay and decentralized features,” he remarks. From a technical analysis perspective, the PRIME price is near a favorable buying zone from $14.97 to $17.5. “Hoping that altcoins are already entering the altseason, would like to see a V-shaped reversal,” Wacy states.
#6 Ethena (ENA)
This synthetic dollar protocol offers an alternative to traditional banking and is poised for growth. “Ethena’s pattern on the weekly charts typically precedes major price movements. With the next major unlock event slated for April 2025, the buildup could be substantial,” Wacy explains. He likens ENA’s current price trajectory with the one of SEI.
Strategic Profit-Taking
Wacy also provides strategic advice on profit-taking, anticipating that the altcoin market index, TOTAL3, could ascend to between $2 trillion and $2.3 trillion during the altseason. He suggests considering partial profit-taking once the market reaches approximately $1.6 trillion. His rationale is based on historical patterns where many investors fall prey to greed, resulting in substantial losses.

The analyst further advises preparing a profit-taking strategy in advance, advocating for the reservation of 10-15% of positions for potential further growth beyond initial targets. He warns that the last surge in a growth phase often triggers excessive greed, suggesting that recognizing such signals could be crucial for timely exits before the onset of bear market conditions.
#altcoins

In a significant expansion of its cryptocurrency offerings, Binance, the world's leading cryptocurrency exchange, has announced the addition of three new trading pairs to its extensive list of cryptocurrencies.  Binance has announced the listing of three new pairs of MultiversX (EGLD), Phoenix (PHB) and Reserve Rights (RSR) denominated in fiat currency Turkish Lira (TRY). This move marks a strategic embrace of Turkey's burgeoning crypto market and reflects Binance's commitment to catering to the diverse needs of its global user base. In a blog post, Binance says it will open trading for the EGLD/TRY, PHB/TRY and RSR/TRY trading pairs on May 8, 2024, at 8:00 a.m. (UTC) to expand the list of trading choices offered on Binance Spot and also enhance users’ trading experience. Binance will also be enabling Trading Bots services for the aforementioned trading pairs on the same date.  The announcement follows as the Turkish Lira (TRY) has seen a surge in crypto trading volume, emerging as a dominant fiat trading pair on Binance in Q4, 2023. The addition of these new pairs is expected to further solidify this trend, offering Turkish traders more flexibility and direct access to the crypto market without the need for intermediary currency conversions.

Related
Binance Quietly Tightens Token Listing Process:
Details The recent listing move marks a significant step forward for the exchange as it continues to grow its platform and provide users with access to a diverse range of digital assets. In another batch of listings, Binance Futures will be launching on April 18 the ARBUSDC and NEOUSDC Perpetual Contract, both with up to 50x leverage, and the FILUSDC Perpetual Contract with up to 75x leverage. In a significant milestone, Binance US has welcomed Martin C. Grant, former New York Fed Chief Compliance and Ethics Officer, to its board. Grant, who has over three decades of regulatory, legal and compliance experience in government and the digital asset market, will help Binance expand its compliance-first strategy and manage financial reporting systems and internal controls.
#BinanceExplorers

Binance Futures, a leading cryptocurrency derivatives exchange, has made the decision to delist several cryptocurrencies from its platform. Among these are the USDⓈ-M perpetual contracts for STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT. This move comes as part of the exchange’s ongoing efforts to ensure the integrity and efficiency of its trading offerings. The delisting process will involve the closure of all positions and the initiation of automatic settlement procedures.

Notably, the delisting and automatic settlement will occur on different dates for each contract. Specifically, the STPTUSDT, SNTUSDT, and MBLUSDT contracts are scheduled to close on May 13 at 09:00 (UTC), while the RADUSDT and CVXUSDT contracts will follow suit on May 14 at 09:00 (UTC). Once the settlement process is complete, these contracts will be removed from the platform, signaling the end of their trading availability on Binance Futures.

Leverage and Margin Adjustments
In conjunction with the delisting of certain contracts, Binance Futures will also implement adjustments to leverage and margin tiers for the affected perpetual contracts. These changes are set to take effect on May 6 at 10:30 (UTC) and will impact existing positions that were opened before the update.

Users are strongly urged to take proactive measures to adjust their positions and leverage accordingly in order to mitigate any potential risks of liquidation. Detailed tables outlining the specific adjustments to leverage and margin tiers will be provided by Binance Futures in the announcement to assist users in navigating these changes effectively. By aligning leverage and margin requirements with market conditions, Binance Futures aims to uphold the stability and resilience of its trading ecosystem while safeguarding the interests of its users.

Also Read: Artificial General Intelligence (AGI): Why Are People Spooked About It?

User Recommendations and Protective Measures
As part of its commitment to user safety and risk management, Binance Futures has issued important recommendations and precautionary measures for its users. First and foremost, users are advised to proactively close any open positions associated with the delisted contracts prior to the specified delisting time. Failure to do so may result in automatic settlement, potentially leading to unintended consequences for traders. Furthermore, users will be restricted from opening new positions for the affected contracts starting from specific dates.

Specifically, trading for STPTUSDT, SNTUSDT, and MBLUSDT contracts will be restricted from May 13 at 08:30 (UTC), while RADUSDT and CVXUSDT contracts will follow suit from May 14 at 08:30 (UTC). Additionally, Binance Futures reserves the right to implement additional protective measures as deemed necessary, including adjustments to leverage limits, position values, and maintenance margins, as well as updates to funding rates and price index constituents.

In a strategic move to maintain a high-quality trading market, Binance, the world's leading cryptocurrency exchange, has announced the delisting of six spot trading pairs. To safeguard users and assure a high-quality trading market, Binance reviews all listed spot trading pairs regularly and may delist some spot trading pairs for a variety of reasons, including low liquidity and trading volume. According to its most recent reviews, Binance will remove and cease trading on six spot trading pairs on April 26 at 3:00 a.m. (UTC): ALPINE/BTC, FRONT/TUSD, HARD/BTC, RUNE/TUSD, SSV/TUSD and WIN/BRL. Similarly, Spot Trading Bot services for the aforementioned spot trading pairs will be discontinued on the specified date and time, as applicable. Binance users are strongly urged to update and/or terminate their Spot Trading Bots before the discontinuation of Spot Trading Bot services to avoid any losses. Delisting a spot trading pair does not affect the tokens' availability on Binance Spot. Users can continue to trade the spot trading pair's base and quote assets on Binance's other trading pairs.

#RUNEBTC #alpinebtc #frontbtc #hardbtc

Crypto assets slowed down weeks leading up to the Bitcoin halving with top coins and memecoins recording outflows.

Memecoins remain down in the market as investors’ sentiment dwindled due to macroeconomic factors a few days after the Bitcoin halving. Generally, the crypto market sell-off has taken a toll on assets decentralized finance numbers, and memecoin. 
This year, the memecoin frenzy pushed tokens over the roof with a wider rally from the community. This was spurred by the approval and inflow of funds to Bitcoin ETFs that led to all-time highs for the asset. Traders looked towards the halving for more gains as memecoins often bounced with the general market sentiment. 
With the halving two days away and reduced consistent outflows from crypto assets, memecoins continue to lose ground.
Memecoins Record Outflows 
Dogecoin (DOGE) is down 5% in the last 24 hours and 25% this week. The memecoin giant also records plummeting trading volumes as market sentiment shifts. Dogecoin’s 24-hour trading volume stands at $2.26 billion with a market capitalization of $21 billion.

At press time, the asset trades at $0.1487 with bulls projecting a record after negative macroeconomic factors phase out. Shiba Inu (SHIB) is up 1.6% in the last 24 hours after weekly losses that wiped out previous gains. The asset has plunged 20% this week with a daily volume of $542 million. 
PEPE and Dogwifhat are both down 2.5% today although showing strength in the last couple of hours. Both assets are down 30.6% and 32.4% respectively this week. FLOKI and BONK are currently in daily gains but trades similarly with over 30% weekly outflows. 
The total memecoin market cap is down 5.8% just days before the Bitcoin halving.
Can It Recover? 
With widespread outflows over the last for memecoins, sentiments remain low days before the halving. However, previous Bitcoin halvings have ushered in a bull run leading to price surges. 
Crypto bulls back on the effect of the Bitcoin halving to spur renewed optimism leading to another memecoin rally. Although crypto prices remain low, several memecoins still record massive inflows based on community rallies. 
Catfish and PONKE are up 50.5% and 55% respectively. 
#DogecoinDay

Tron and MATIC both are equally famous cryptocurrencies but one might take over the other in this race of achieving $1 faster than other.

Crypto investors are patiently waiting for the altcoin bull run to cover the losses of an ongoing market correction. However, it won’t happen anytime soon, and that is the reason behind this increased selling pressure on altcoins including Tron. Here, the main dilemma is to pick which crypto to HODL and which one to surrender.
Tron and MATIC, the top cryptocurrencies have also become part of a dilemma where the communities are eyeing the $1 achievement to make the best of their holdings.
In this blog, let us discuss between Tron and MATIC which altcoin will succeed in achieving $1 first.
Tron (TRX) Price Analysis
Tron is known for its focus on integrating decentralized application technology into the entertainment industry. Earlier, it was an ERC-20 token, but later on, it got its network.
At the time of writing, TRON is trading at $0.1078, facing a downturn for almost a week. The price has dropped 9.79% and 3.64% in a week and day interval. Along with the price, the market cap is also down, where it has decreased to $9,443,994,212 after a 4.63% dip in just a day.

Meanwhile, the trading volume has surged to $430,112,597 after a 30.71% hike. Even after having its best value in mid-March, the TRX hasn’t achieved a value anywhere near the $1. Surprisingly, that’s not the case this month or this year, but the TRX has only surged to its highest value of $0.3004, that too six years ago.
Also Read: BTC Halving Might Be The Best Gift For Altcoins
Based on this, the expectations of the TRX community aren’t much higher than the ATH target, but the upcoming post-halving bull run might change the dynamics of this coin.
Polygon (Matic) Price Analysis
Compared to Tron, MATIC’s price is much closer to the $1 mark, and also it has a history of surging above the $1 multiple times in the past, including last month’s high of $1.2714.
Polygon is an alternative to Ethereum to offer faster and cost-efficient transaction options. At the time of writing this, MATIC is facing a price decline where the value has dropped to $0.6803 after a 21.58% drop in a week. However, compared to yesterday, the price has surged by 1%. The same is true with its market cap, which has also surged slightly to $6,740,404,581.

The maximum improvement is in the case of MATIC’s trading volume, which has lifted around 41.70%, pushing the value to $356,059,605.
Despite the last few bullish months, MATIC hasn’t succeeded in surging to its all-time high value of $2.92, set almost two and half years ago.
Who Will Hit The $1 Mark First?
Though MATIC wins over Tron in the case of price history, Tron gets the win in terms of market capitalization regardless of low value.
As for now, the crypto market is in a correction zone, and no major ups will be happening until post-halving. Considering this situation, none of these cryptocurrencies will surge to $1 instantly. But in the long run, both cryptocurrencies might aim for $1 regardless of their history and current performance.
Between the Tron vs. MATIC, the chances are high for MATIC to take the lead to reach $1 solely because of its better image in the crypto market and recent achievements.
Final Thoughts
Tron and MATIC both are among the top 20 cryptocurrencies listed for their market cap and are loved by crypto investors for their last month’s gains. It has to see how the post-Bitcoin halving bull run will shape the performances of these cryptocurrencies.

#MATIC✅ #TRON!