Crypto analyst Mickle provided insights on XRP’s trajectory amidst a broader crypto selloff in a YouTube analysis. The analyst highlighted XRP’s long-term price pattern and its potential for volatility.
Mickle also drew comparisons to historical patterns, suggesting a possible upward movement for XRP.
Market Context
The crypto market is seeing massive selling. Mickle noted that this dip affecting XRP, Bitcoin, and other assets stems from economic issues, including rising interest rates and the possibility of a recession.
Furthermore, Mickle emphasized that the current dip is not specific to XRP. “We are watching a massive market selloff across all major cryptocurrencies, including Bitcoin,” he stated.
XRP’s Price Analysis
XRP’s price movements are contained within a long-term symmetrical triangle pattern. This pattern has been forming for nearly three years.
Mickle drew parallels to a similar pattern observed between 2013 and 2017. This comparison suggests the potential for substantial upward movement in XRP’s price.
“XRP is currently within a long-term symmetrical triangle pattern. Historically, breaking out of such patterns can lead to significant volatility,” Mickle explained.
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Show more +Show less – Legal Catalyst and Future Projections
The ongoing legal case involving XRP remains a crucial factor in its market performance. Mickle anticipates that the resolution of this case could serve as a major positive catalyst for XRP. He predicts the case may conclude soon, potentially aligning with historical breakout patterns.
Mickle indicated that the resolution of the ongoing legal case involving XRP is expected to be a major positive catalyst. He noted that this legal development, along with XRP’s strong fundamentals, supports a positive outlook for the crypto.
XRP Against Bitcoin Performance
Mickle’s analysis also focused on the XRP to Bitcoin ratio chart. This chart displays a strong bottoming formation, indicating potential for XRP to outperform Bitcoin. Previous instances of this ratio hitting its lower level have consistently led to XRP’s outperformance.
“The XRP to Bitcoin ratio chart shows a strong bottoming formation, indicating potential for a parabolic move in XRP against Bitcoin,” Mickle observed. This pattern, if it continues, could signal a notable shift in XRP’s market position relative to Bitcoin.
Read also: Why Is Solana (SOL) Price Plummeting?
Investment Perspective
Despite the market volatility, Mickle maintains a positive outlook on XRP. He views the market status as an opportunity rather than a reason to worry.
Mickle advised that investors should perceive these market conditions as a buying opportunity rather than a reason for worrying.
The analyst emphasized the importance of focusing on XRP’s trends in the long run. He suggests that the current market noise should not overshadow XRP’s strong underlying potential.
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Neiro Ethereum Soars 1,000% to Hit $0.2! Shiba Shootout Nears $1M Milestone!
Neiro Ethereum is one of the newest players in the cryptocurrency space. It caught everyone’s attention with a meteoric rise a few days ago, when it soared 1,000% to hit $0.2. Things started changing once it hit this value since it started dropping.
Meanwhile, the Shiba Shootout nears the $1 million milestone and may be the next one to go through a similar rally soon. This article will cover the news regarding these meme coins, so let’s dive deeper!
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The Popularity of Shiba Shootout Keeps Growing
Shiba Shootout ($SHIBASHOOT) is a captivating meme coin that has become an instant hit among crypto enthusiasts globally. This project introduces Shiba Inu cowboys who live in the Crypto West in a town known as Shiba Gulch.
However, the interesting design is only the beginning because there are many elements of this project that will benefit investors.
Posse Rewards is a referral program that enables users to invite new members to join. Each new member brings rewards to investors who referred them. The more members you get to join, the bigger the rewards.
Additionally, investors who wish to share their creativity with the world will get a chance to do so through Campfire stories. The most creative stories will be rewarded with $SHIBASHOOT tokens.
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Meanwhile, Saving Saddlebags is a feature that will allow investors to save a part of their $SHIBASHOOT tokens automatically. The tokens then get locked up for a certain period, which will also bring additional tokens as a result.
Additionally, Cactus Staking means that users can stake their tokens and create a passive income stream. The current APY on the platform is 1100%, which is pretty generous. This percentage drops in time, so investing and staking early will bring the greatest advantages!
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Shiba Shootout Rushes Towards $1 Million Milestone
The fusion of the interesting theme, appealing design, and concrete utility that the investors can count on seems to be the perfect recipe for success for Shiba Shootout. The total number of tokens available will be 2,2 billion, and the allocation is strategically planned.
During the ongoing presale, 35% of the tokens are available to investors. The price increases gradually, making it highly important to jump in early. Besides, 20% is reserved for marketing. The same amount is secured for staking, while 20% will be divided equally between liquidity (10%) and project funds (10%). The remaining 5% will be directed towards the Rootin’ Tootin Shooter Fund.
With a clear roadmap, tokenomics, and audit, it is no surprise that the Shiba Shootout community keeps growing, and investments keep pouring in, bringing this meme coin closer to the $1 million milestone. Hurry and join before the price of $SHIBASHOOT tokens increases!
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Will Neiro Ethereum Keep Soaring?
Neiro Ethereum (NEIRO) builds on the playful spirit of the Dogecoin meme coin while leveraging the robust capabilities of the Ethereum blockchain.
By combining the fun and community-driven nature of meme coins with Ethereum’s advanced smart contract technology, Neiro Ethereum offers a unique and innovative digital asset.
The Ethereum blockchain’s security and versatility provide a strong foundation for NEIRO, enhancing its appeal to meme coin enthusiasts and serious investors.
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According to CoinMarketCap, Neiro Ethereum is currently priced at $0.1365. However, market forecasts suggest that the token may trade between $0.04798 and $0.060037 by the end of this year. The projected average price for 2024 is around $0.049949. These insights into future trends provide a valuable perspective for those considering adding Neiro Ethereum to their portfolios.
With its blend of meme coin culture and solid blockchain technology, Neiro Ethereum is positioned to capture interest as the market continues to evolve. However, considering that its value dropped by 16% in the last 24 hours, focusing on Shiba Shootout is a better move now, so secure your tokens in time!
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Conclusion
Meme coins have secured their place in the crypto market with their unique blend of humor, culture, and community-driven momentum. The rapid rise of Neiro Ethereum is a testament to the immense potential these tokens hold.
With its creative twist and vibrant community, Shiba Shootout stands poised to follow this trend or even surpass it. The project’s innovative fusion of meme culture and blockchain technology has sparked significant interest, suggesting it could be the next big hit. Don’t miss your chance to be part of this exciting journey—secure your $SHIBASHOOT tokens before the presale concludes!
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post Neiro Ethereum Soars 1,000% to Hit $0.2! Shiba Shootout Nears $1M Milestone! appeared first on CaptainAltcoin.
Why Cardano Holders Are in Big Trouble As ADA Price Dips
Even when the market was pumping this year, ADA holders weren’t particularly happy.
Cardano price is now around $0.3, down over 20% this week. As Bitcoin and all other altcoins, ADA felt the current market crash.
Since last November, ADA was trading in a sideways channel, between $0.42 and $0.8. However, since early May, ADA lost the $0.42 support and faced further decline.
ADA Price Analysis
What’s really worrying is that the 200-day moving average is now at $0.5. ADA is currently trading around 40% below this key indicator, which is considered super bearish. When an asset’s price is this far below its 200-day moving average, it often indicates a strong downtrend and lack of buyer interest.
During today’s market crash, ADA price hit the $0.28 level but here the price got oversold and the MACD line then crossed the MACD signal line. Since these indicators, Cardano price bounced to the current $0.32 level.
Source: TradingView
Price is currently trading within a Channel Down pattern. Traders anticipating that the price will stay within this channel can place trades when it moves between the channel’s trendlines. In order for ADA to break out of this channel, it needs to reclaim the $0.42 resistance and flip it into support.
altFINS reports that Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down for ADA, very not promising.
Potential Troubles for ADA Holders
ADA holders may find themselves in a precarious position due to several factors. Firstly, the prolonged bearish trend this summer and inability to maintain key support levels have eroded investor confidence. This lack of bullish momentum could lead to further selling pressure, potentially pushing the price even lower.
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Moreover, the broader crypto market sentiment remains cautious, with many investors shifting towards more established assets or stablecoins during uncertain times. This flight to perceived safety could leave altcoins like ADA struggling to attract new buyers or retain existing holders. If this trend continues, ADA may face increased difficulty in recovering lost ground, potentially leaving long-term holders with significant unrealized losses.
Read also: Dogecoin Price Prediction: Meme Coin Trader Forecasts Drop Before DOGE’s Rally to $1
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
The post Why Cardano Holders Are in Big Trouble as ADA Price Dips appeared first on CaptainAltcoin.
FLOKI Meme Coin Rebounds After Breaking April Lows: Analyst Predicts Potential Rally
FLOKI has shown signs of recovery after breaking below its April lows. Crypto analyst CryptoJelleNL highlighted this development in a tweet, suggesting a potential rally if certain conditions are met.
CryptoJelleNL’s analysis points to a critical level for FLOKI’s price action. The analyst emphasized the importance of reclaiming the 0.00014 mark. This level could serve as a key indicator for the meme coin’s short-term trajectory.
“$FLOKI just took out the April lows, and is bouncing back!” CryptoJelleNL tweeted. He added, “Reclaim 0.00014 — and the deviation locks in, with a target of range highs.” This observation suggests a possible false breakout scenario.
$FLOKI just took out the April lows, and is bouncing back!Reclaim 0.00014 — and the deviation locks in, with a target of range highs.Needs the market to behave, but this could get interesting really quickly pic.twitter.com/RL8C2jqQWj
— Jelle (@CryptoJelleNL) August 5, 2024
FLOKI’s Price Movement and Key Levels
The recent price movement of FLOKI has been volatile. From March to April, the meme coin’s price surged then dipped sharply. The following months saw a series of lower highs and lower lows, indicating a downward trend.
A closer look at the chart reveals key support and resistance levels. The support around 0.0001250 has played a crucial role in FLOKI’s price action. This level, which acted as support in April, is currently being tested again.
The resistance level sits at approximately 0.00031, representing the range high. CryptoJelleNL’s analysis suggests this could be the target if FLOKI successfully reclaims the 0.00014 level. However, the analyst cautions that market conditions will play a key role.
“Needs the market to behave, but this could get interesting really quickly,” CryptoJelleNL noted in his tweet. This statement potrays the importance of overall market sentiment in determining FLOKI’s price direction.
Next Big Airdrop?
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Read also: Veteran Trader Predicts Bitcoin Price Will Crash to $28k – Here’s Why
Technical Analysis and Chart Patterns
The chart analysis also reveals interesting patterns. A descending trendline can be drawn from the highs in March/April to the lower highs in May. Additionally, a grey shaded area on the chart indicates a significant horizontal support/resistance zone.
The recent price action shows FLOKI breaking below the April lows. However, the subsequent bounce has interested analysts like CryptoJelleNL. This rebound could potentially signal a trend reversal if certain conditions are met.
Reclaiming the 0.00014 price point could confirm that the recent dip below support was indeed a deviation or false breakout. Such a scenario could set the stage for a move towards the range highs.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
The post FLOKI Meme Coin Rebounds After Breaking April Lows: Analyst Predicts Potential Rally appeared first on CaptainAltcoin.
Bitcoin Set to Skyrocket 975% to Ultimate Price, Claims Analyst Willy Woo—Check Out the Timeline!
Popular crypto analyst, Willy Woo, has just released a series of crypto predictions on Twitter and the one about Bitcoin has particularly caught the attention of investors.
Willy says that Bitcoin is set to skyrocket 975% in the upcoming weeks, and attributes this growth to several factors, which we’ll go into detail below.
However, even if BTC does jump by nearly 1,000%, it’s still nothing compared to the 10,000% potential that these new ICO tokens could bring.
To be specific, tokens like Pepe Unchained ($PEPU), The Meme Games ($MGMES), WienerAI ($WAI), PlayDoge ($PLAY), Shiba Shootout ($SHIBASHOOT), and Base Dawgz ($DAWGZ).
Let’s check out the details.
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Crypto Analyst Willy Woo Predicts 975% Surge for Bitcoin – But These Presale Projects Could Explode Even Further
On-chain analyst Willy Woo predicts that Bitcoin (BTC) will reach a significantly higher value for a key reason.
Woo, who has 1.1 million followers on X, suggests that Bitcoin could capture 3% of the total wealth assets, potentially increasing its value by over 975%.
“Nobody knows the ultimate price of Bitcoin, but simple math can give us an upper bound. The total wealth assets amount to $500 trillion. If BTC captured all of this (which won’t happen), it would be $24 million per coin (before future inflation adjustment). The real question is, what will be the realistic allocation for everyone?”
Woo believes that Bitcoin will hit six figures when global adoption is between 16% and 50%, with current adoption at 4.7%.
“Everyone is now asking when. This is a known phenomenon via the adoption S-curve. 16% marks the early majority, and 50% is the late majority. Wealth management falls within this range. So, we need to figure out when BTC adoption enters the 16%-50% range based on the yellow line.”
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Woo also shares an adoption S-curve chart, comparing Bitcoin’s adoption rate to that of the Internet, highlighting how breakthrough technologies typically grow.
However, other industry experts believe that even if BTC does explode later this year, there are still much better profit alternatives at the moment.
Specifically ICO coins like Pepe Unchained ($PEPU), The Meme Games ($MGMES), WienerAI ($WAI), PlayDoge ($PLAY), Shiba Shootout ($SHIBASHOOT), and Base Dawgz ($DAWGZ) that can explode after listing.
Below, we’ll check them out in detail.
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Pepe Unchained ($PEPU) Is Building a Custom Blockchain to Fix $PEPE’s Scalability Problems
Pepe Unchained ($PEPU) capitalizes on the popular Pepe the Frog meme, integrating it with a Layer-2 blockchain to boost its functionality. As an ERC-20 token, it operates on its own Layer-2 network, which ensures faster transactions and lower fees compared to traditional Layer-1 solutions.
A standout feature of Pepe Unchained is its substantial staking rewards, enabling early users to earn passive income. The project allocates 30% of its token supply to staking rewards and 20% to its presale, with no tokens set aside for the team, reducing the risk of a rug pull.
The presale, which started on June 13, 2024, has already raised an impressive $7.3 million.
>>>Buy Pepe Unchained Now<<<
The Meme Games ($MGMES) – Exciting Meme Coin with a 2024 Olympics Theme
The Meme Games ($MGMES) token brings the thrill of meme coins together with the 2024 Olympics theme. During the presale, participants can select avatars from popular meme coins like Dogecoin, Pepe, DogWifHat, Brett, or Turbo, and compete for a 25% purchase bonus.
The presale price is set at $0.009 per token, meaning a $90 investment will yield 10,000 $MGMES tokens.
The game-like structure of The Meme Games positions participants for potential gains when $MGMES becomes available on decentralized exchanges (DEXs) on September 10th. The presale has amassed over $330,000 so far.
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WienerAI ($WAI) – AI-Driven Meme Coin with Advanced Trading Insights
WienerAI ($WAI) is a meme coin that combines the playful nature of a dog and sausage theme with advanced artificial intelligence.
This coin leverages AI to provide predictive market analysis, assisting users in making informed trading decisions. The user-friendly interface allows seamless, fee-free transactions across decentralized exchanges (DEXs), and includes MEV protection to prevent frontrunning by bots.
Even though the presale ended sooner than expected, investors can still buy $WAI for a huge discount at launch price, before the token explodes.
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PlayDoge ($PLAY) – Engaging P2E Mobile Game Featuring Virtual Pets and High Staking Rewards
PlayDoge ($PLAY) is bringing back the nostalgic Tamagotchi-style virtual pet concept with a play-to-earn (P2E) model.
PlayDoge allows users to care for their virtual pets, earning $PLAY tokens through activities like feeding, entertaining, and playing mini-games.
The $PLAY token is the primary in-game currency for transactions and special features. Unique to PlayDoge are its dynamic staking rewards and leaderboard system, where top players can earn additional $PLAY tokens and special rewards.
The presale has been highly successful, raising over $5.9 million, with 50% of the total 9.4 billion token supply allocated for this phase.
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Shiba Shootout ($SHIBASHOOT) – Hot Meme Coin Presale With Wild West Features
Shiba Shootout ($SHIBASHOOT) offers users an adventurous experience where they can engage in high-stakes battles reminiscent of cowboy duels.
The project fosters a vibrant community through various engagement strategies, such as campfire story sessions and Token Governance Roundups, where community members can share their experiences and vote on key decisions.
Additionally, the Lucky Lasso Lottery gives users the chance to win significant prizes, further enhancing community involvement. The ongoing presale has already raised over $877,000.
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Base Dawgz ($DAWGZ) – Dog-Themed ICO with Cross-Chain Compatibility and Viral Growth Model
Base Dawgz ($DAWGZ) is a new meme coin launched on Coinbase’s Base network, designed to capitalize on the meme coin trend and the popularity of dog-themed tokens.
Built for cross-chain compatibility, $DAWGZ operates not only on Base but also on Ethereum, Solana, Binance Smart Chain, and Avalanche, making it more accessible and reducing the risk of chain-specific volatility.
One of the standout features of Base Dawgz is the “Share-to-Earn” model, where community members can earn $DAWGZ tokens by promoting the project on social media, creating a viral growth effect. The presale, which has already raised over $2.8M.
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Conclusion
Infamous crypto analysts on Twitter are predicting a bull takeover for Bitcoin and the wider crypto market – but does that mean BTC is the best investment right now?
If you’re looking for huge profits, there are much better alternatives. Coins like Pepe Unchained ($PEPU), The Meme Games ($MGMES), WienerAI ($WAI), PlayDoge ($PLAY), Shiba Shootout ($SHIBASHOOT), and Base Dawgz ($DAWGZ) are the ones that analysts praise the most.
With these tokens currently in presale, investors can still get in early and purchase their first batches for a discount!
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post Bitcoin Set to Skyrocket 975% to Ultimate Price, Claims Analyst Willy Woo—Check Out the Timeline! appeared first on CaptainAltcoin.
Solana (SOL) has experienced a steep price decline lately. The crypto’s value dropped by 21.37% in the past 24 hours, now priced at $113.23.
Over the past week, the price has decreased by 40.65%. Various factors contribute to this drastic drop. Besides, the broader crypto market is seeing red, with other major assets like Ethereum and Bitcoin also experiencing price dips
Whale Activity and Market Manipulation
A major whale has moved a substantial amount of SOL. According to Wu Blockchain, a whale identified as 9dZAPP…dnzAz3 withdrew 1.035 million SOL, equivalent to about $120 million, from multiple validators.
According to Solscan, since July 16, a SOL whale: 9dZAPP…dnzAz3 has withdrawn a total of 1.035 million SOL (worth about $120 million) from multiple validators including Cogent Crypto, Block Logic, and LunaNova, and transferred all of them to Coinbase Prime. The identity of the…
— Wu Blockchain (@WuBlockchain) August 5, 2024
The whale transferred these assets to Coinbase Prime, causing speculation and uncertainty in the market.
X user and analyst Mert from Helius highlighted manipulative tactics affecting SOL’s price. He explained that SOL is not naturally decreasing but is being pushed down by whales placing spoof sell orders on exchanges.
Moreover, this strategy pressures less experienced investors to sell their holdings, fearing further losses. The intention is to repurchase at a lower price, exploiting market panic.
Next Big Airdrop?
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Read also: Toncoin Price Dips, But Here’s Where TON Is Headed Next
Impact on Solana’s Market
These actions have sparked concern among SOL investors. The large transfers and manipulative sell orders create an impression of a substantial sell-off, driving prices down. This environment fosters uncertainty, leading to a snowball effect of selling.
The recent plummet in Solana’s price is attributed to strategic market manipulation by some stakeholders. The current volatility highlights the influence of whale activities on the crypto market.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
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WHAT Has Shiba Inu Team Recommended During Market Downturn?! Buy These Cheap Memecoins Set for Me...
The Shiba Inu team suggests a unique approach to surviving a bear market, hinting at lesser-known memecoins with massive potential. As market conditions worsen, these affordable tokens could be the key to soaring profits.
Discover which coins are poised for explosive growth and why they might be the answer to avoiding financial woes.
CYBRO Presale Achieves $1.4 Million Milestone: A One-in-a-Million Investment Opportunity
CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $1.4 million. This cutting-edge platform offers investors unparalleled opportunities to maximize their earnings in any market condition.
Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.
In an exciting development, CYBRO has also launched a referral program, offering 12% from direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are sent weekly in USDT, and referees earn double CYBRO Points on their first deposit using the referral code.
Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.
With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.
>>>Join CYBRO and aim for future returns up to 1200%<<<
Dogwifhat (WIF) Poised for Recovery Amid Market Dip
Dogwifhat (WIF) has seen a major drop recently, with its price now hovering between one and two dollars. Despite Bitcoin and Ethereum dipping by a quarter to nearly a third in value, WIF might surprise everyone.
Bulls seem to be eyeing a comeback, as the coin’s Relative Strength Index and Stochastic suggest it’s oversold. Its next big test will be breaking through the three-dollar mark. If it manages to push past this resistance, WIF could potentially aim for the four-dollar range, marking a rise of over double its current price. This price dip could be a golden opportunity for those looking to jump in.
Shiba Inu (SHIB) is trading between $0.00001176 and $0.00001611. The coin has dropped nearly 30% in a week, but this dip could be a buying opportunity. With a Simple Moving Average (SMA) over the last 10 days at $0.00001198, it’s slightly above the current range.
Resistance levels are at $0.00001888 and $0.00002324, suggesting a potential rise of up to 40%. The Relative Strength Index (RSI) at about 32 indicates SHIB is nearing an oversold state, hinting at a potential rebound. Despite recent losses, SHIB remains up over 30% in the past six months, showing a strong comeback chance.
BOOK OF MEME (BOME) Dips: Bulls Eye Fresh Opportunities
BOOK OF MEME (BOME) is currently trading between $0.0053 and $0.0101. Despite a tough week with a 34% drop, it’s showing promise. Analysts believe that the current dip might be a good entry point. The support level sits at $0.0036, with potential growth reaching the $0.018 mark.
This means a rise of over 250%. With an RSI at 22.62, BOME is oversold and could bounce back. The bullish sentiment suggests now could be a great time to consider BOME, even as Bitcoin and Ethereum face bigger drops.
Conclusion
During a market downturn, coins like WIF, SHIB, and BOME may offer less potential in the short term. The focus should instead be on CYBRO, a DeFi platform with advanced technology.
It helps investors boost earnings using AI-driven yield aggregation on the Blast blockchain. Features include high staking rewards, special airdrops, and cashback on purchases, providing an excellent user experience with easy deposits and withdrawals.
CYBRO is also known for its transparency, compliance, and quality. It has strong backing from major investors and influencers, making it a promising option for those seeking significant growth opportunities.
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DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post WHAT Has Shiba Inu Team Recommended During Market Downturn?! Buy These Cheap Memecoins Set for Meteoric Surge if U Dont Wanna End Up Flat Broke appeared first on CaptainAltcoin.
Veteran Trader Predicts Bitcoin Price Will Crash to $28k – Here’s Why
A veteran crypto trader known as Xanrox has shared a controversial analysis on TradingView yesterday. He is predicting a huge downturn in the crypto market. And, at least so far, he’s been right on spot here.
The trader’s forecast suggests that the BTC price could plummet to $28,000, with various factors that could contribute to this potential crash.
Xanrox’s analysis includes several contentious statements about the cryptocurrency space. The trader suggests a high probability of crypto entering a 10-20 year bear market, which would be devastating for investors and the industry as a whole. This is a bizarre twist, but he makes an unsubstantiated claim about Bitcoin’s creator, Satoshi Nakamoto, being an extraterrestrial entity, a statement that lacks any credible evidence.
Source: TradingView/Xanrox
The analyst goes on to argue that Bitcoin’s decentralization is a myth, asserting that it’s controlled by large-scale miners rather than individual users. This claim challenges one of the fundamental principles of Bitcoin’s design. Xanrox also believes that central banks could potentially perform a 51% attack on the Bitcoin network, a scenario that would undermine the security and integrity of the entire system.
In a surprising comparison, the trader equates stablecoins and Bitcoin to Central Bank Digital Currencies (CBDCs). While these claims are highly speculative and lack concrete evidence, they highlight the ongoing debates and concerns within the cryptocurrency community.
Technical Analysis and Market Predictions
Xanrox’s technical analysis focuses on Bitcoin’s recent price movements and potential future trends. The trader identifies a completed major impulse wave from $15,476 to $73,777, suggesting that a retracement is likely. He points out potential buying zones between $28,103 and $33,790, corresponding to the 0.618 and 0.5 Fibonacci levels.
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On the chart, Xanrox notes an ascending parallel channel, indicating a potential bearish reversal pattern. The analysis also highlights two unfilled Fair Value Gaps (FVGs) that the trader believes are likely to be filled. Despite identifying these potential buying zones, Xanrox strongly advises against purchasing Bitcoin, citing his belief in an impending long-term bear market.
Read also: Ethereum Ecosystem Takes a Hit: Lido DAO (LDO) and Arbitrum (ARB) Prices Plummet
The trader also mentions that September has historically been a bearish month for Bitcoin, which could contribute to further downward pressure on the price. This seasonal pattern, combined with the technical indicators, forms the basis of Xanrox’s bearish outlook.
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DeSci Project StarChain Achieves Major Milestone By Unifying 500 Terabytes of Astronomical Data
Zug, Switzerland, August 5th, 2024, Chainwire
“We are thrilled to announce that we have achieved our first major milestone by unifying 500 TB of astronomical data on our platform. This will allow astronomers to more easily analyze massive datasets and uncover meaningful insights.” said Dr. Meijer, Chief Scientific Officer of StarChain. “Our platform is revolutionizing scientific research by taking data that was previously scattered and bringing it together into one searchable, user-friendly location. Eliminating the need for tedious manual gathering and merging of data.”
With the unified DataStore, astronomers can now perform complex queries across multiple datasets, visualize data, and apply analytics at a massive scope and scale. This will lead to powerful new insights about the formation of stars and galaxies, the expansion of the universe, the search for Earth-like exoplanets, and more.
“The response we’ve gotten from the science community has been astounding,” Dr. Meijer continued. “Researchers from all across the world have expressed their interest in joining our platform.” Currently, only a select few independent researchers and members of Leiden University have received access to DataStore, but the company is aiming to roll out its initial public beta by Q1 2025.
StarChain’s development started in 2021 with the mission of breaking down data silos in science and speeding up research using the new possibilities brought by blockchain and AI. The company plans to continue growing its unified datastore to eventually include over 10 petabytes (10 million GB) of data across various fields of study. StarChain is also working on the rollout of its novel neural-network-based data analysis tool called StarChain AI.
To fund the development and rollout of StarChain, the team has started a presale of its native ecosystem token called STRC. “Our project relies on a strong community, so we think it’s only fair that the community maintains ownership of the project, not random venture capitalists.” said Michael Lobrecht , CEO of StarChain. This approach seems to be working out for them as StarChain just announced that they’ve raised $100k within the first 24 hours of the presale, exceeding their target by 400%.
The presale is being held in 14 different pricing stages, starting from $0.50 and ending at $0.63 per token. STRC is set to be listed on MEXC and Gate.io at $1.00 in Q4 of this year.
To learn more, users can visit starchain.dev.
About StarChain
StarChain is a cutting-edge crypto project focused on democratizing scientific data, starting with astronomy. Leveraging blockchain and AI, StarChain aims to create a universally accessible, secure, and efficient data ecosystem that fosters innovation and collaboration in scientific research.
Arbitrum Dips 20% in 24 Hrs and ZKsync Down 25%, While JetBolt Presale Surges Amidst Market Cool ...
recent shifts have highlighted a mixed landscape of activity. Among the most significant movements, Arbitrum has experienced a substantial dip of 20% in the last 24 hours, while ZKsync has similarly seen a decline of over 25%. These downturns come amidst a broader trend of market cooling, which has affected digital assets across the board.
However, despite these declines, JetBolt’s presale gains traction amidst market cool down, presenting a distinct contrast and capturing significant attention. This juxtaposition of falling prices and emerging opportunities underscores the complexity and dynamism of the crypto market. This carefully crafted and research-based article delves into the latest market movements, providing a comprehensive overview of these key events and the unique attributes of JetBolt.
Best Crypto Presale JetBolt Surges Amidst Market Cool Down
In stark contrast to the bearish trends observed with Arbitrum and ZKsync, JetBolt’s presale surges despite a broader market cool down. JetBolt has garnered significant attention with its presale event thanks to its myriad of cutting edge features, including:
Zero gas fees: JetBolt operates on the Skale network, providing a unique zero gas fee and lightning fast environment that stands out in a market often criticized for high transaction costs and low speeds.
Stake and earn: JetBolt token holders can also stake their tokens to earn rewards. Leveraging its own Proof of Attendance and Worth protocol, users who are the most active on the platform earn the most. You can earn rewards not only by staking, but also by connecting with your friends on the platform.
AI-powered insights: JetBolt harnesses the power of artificial intelligence to bring users curated crypto news and insights.
Additionally, JetBolt features a pricing model that increases token prices every 24 hours during the presale. This structure rewards early participation, perfect for buyers seeking to acquire tokens at lower prices before the next scheduled increase.
The presale is particularly notable for providing instant self-custody of tokens, allowing participants immediate control over their assets upon purchase, enhancing transparency and trust.
Additionally, the JetBolt presale boasts exclusive alpha boxes and discounts for larger purchases, further enhancing the attractiveness of early participation.
Arbitrum Price Decline in 24 Hours: A Constant Drop
Arbitrum, a Layer 2 scaling solution for Ethereum, has faced a challenging period. The token experienced a steep decline, with its price dropping by over 20% in the past day. As of August 5, 2024, Arbitrum‘s price settled around $0.4584, down from a high of $0.602153 on August 3. The market cap also reflected this downturn, reducing from $2,009,018,986 to $1,531,602,742.
This sharp decline follows a broader bearish trend starting from $2.4 earlier in the year, with a notable recent support level around $0.565. The current market outlook remains bearish, with key resistance levels at $0.85, $1, and $1.175, while support levels stand at $0.565, $0.5, and $0.4.
ZKsync Market Movements: Downward Trend
ZKsync, another prominent Layer 2 solution, has similarly seen a downturn. The token’s price has dropped by over 25% in the past 24 hours, reaching $0.0874 from a previous high of $0.114943 on August 4. The market cap decreased from $422,416,545 to $321,211,115, with a significant trading volume of $155,030,291. The token’s 24-hour range fluctuated between $0.08305 and $0.1146, reflecting heightened volatility.
The circulating supply stands at 3.675 billion, with a total and maximum supply of 21 billion. This decline comes despite previous positive trends, raising questions about the stability of the ZK token.
Why is JetBolt Gaining Popularity?
JetBolt distinguishes itself in the cryptocurrency market with a range of unique features. JetBolt eliminates the gas fees commonly associated with Ethereum transactions, leveraging the Skale network for seamless operations.
Additionally, JetBolt includes a staking system that rewards users based on activity and social interactions, enhancing the user experience. The platform also boasts an AI-powered market insights and news page, providing users with real-time data on crypto trends and market sentiment.
The platform also provides lightning-fast transactions, instant finality, and a user-friendly Web3 wallet with face ID authentication.
JetBolt’s smart contracts have undergone professional auditing, ensuring transparency. The project can support a wide range of applications, from payment solutions to non-fungible tokens (NFT) and gaming platforms, making it a versatile addition to the blockchain ecosystem.
Key Insights on the Latest Market Trends and Best New Altcoin
The cryptocurrency market has recently witnessed significant activity, with Arbitrum and ZKsync experiencing notable price declines of 20% and 25%, respectively. These downturns reflect broader market challenges and a cautious sentiment among participants.
However, amidst this market cool down, JetBolt’s crypto presale has surged, with the coin standing out due to its innovative features such as zero gas fees, easy to earn staking, AI-curated insights, and a rewarding presale pricing model. The launch of JetBolt’s presale has attracted considerable attention, delivering unique opportunities in a time of market uncertainty.
This article does not constitute financial advice. Cryptocurrencies are highly volatile and can result in significant losses. Readers should conduct their own research before making any decisions.Users looking to participate in JetBolt’s presale and explore its cutting-edge features can find more information on the official JetBolt website.
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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Shiba Inu (SHIB), Cardano (ADA), and Ripple (XRP) Pairs Delisted From OKX As ETFSwap (ETFS) Prepa...
In a move that has sent ripples through the crypto market, major exchange OKX has announced the delisting of trading pairs involving Shiba Inu (SHIB), Cardano (ADA), and Ripple (XRP). This decision comes as ETFSwap (ETFS) gears up for a major listing following an impressive ongoing presale run.
ETFSwap (ETFS) Prepares For Major Listing On Top Exchanges
While Shiba Inu (SHIB), Cardano (ADA), and Ripple (XRP) are to be delisted, ETFSwap (ETFS) is set to be listed on major exchanges, including OKX.
In the past few weeks, ETFSwap (ETFS) has become more mainstream, and its presale has continued its astronomical increase. This platform, designed to trade ETFs on the blockchain, sold over 300 million native tokens in its ongoing second presale stage.
The ETFSwap (ETFS) native token sale has grossed over $2.5 million, and experts predict it will increase in the coming days when the Spot Ethereum ETF market begins to receive a huge inflow.
One of the top reasons ETFSwap (ETFS) has managed this massive growth is the new and unique access it gives investors to trade ETFs on the blockchain. By tokenizing ETF assets, investors are able to invest in real-world ETFs in sectors like transportation, technology, oil & gas, agriculture, and more.
Since ETFSwap (ETFS) is a DeFi trading platform, investors can swap crypto for these tokenized ETFs to begin investing. Also, the platform has a perpetual trading system with up to 50x leverage. And this has drawn close to 15,000 people to the platform.
With this investment inflow and huge numbers of registered users, ETFSwap (ETFS) will soon be listed on major exchanges at about $10 despite its presale selling at $0.01831. Experts say ETFSwap’s (ETFS) listing on the likes of Binance, OKX, Coinbase, and others is not a debate; rather, it’s the price, as some analysts argue it will make a 1000x run post-launch, taking its price to $18.
While the talks about price prediction are ongoing, the ETFSwap ETFS team, which has undergone KYC verification, recently announced that it will launch an ETFSwap (ETFS) ETF in 2025. In the meantime, investors can expect to enjoy income from the staking pool( up to 36% profit), APR yield (up to 87% profit), and airdrops on the ETFSwap (ETFS) platform, which has been audited by CyberScope, an industry-recognized security company.
Shiba Inu (SHIB), Cardano (ADA), And Ripple (XRP) To Leave The OKX Exchange
OKX, one of the biggest crypto exchanges, has decided, after a thorough review, to delist Shiba Inu (SHIB), Cardano (ADA), and Ripple (XRP). The exchange cited various reasons for this move, including low trading volume, liquidity concerns, and the need to maintain a robust and efficient trading environment.
While OKX has not provided specific details for each token, the crypto community has quickly speculated on the underlying causes.
In the past few months, the trading volume of these cryptocurrencies has been down for various reasons. Ripple (XRP) is in a legal battle with the U.S. Securities and Exchange Commission (SEC), which has affected its performance. Shiba Inu has also struggled over the past few weeks as the memecoin plummeted after reports of a hack caused a panic sale among investors.
Cardano (ADA) may continue to face selloffs after it failed to rise despite introducing new developments. While Shiba Inu (SHIB), Cardano (ADA), and Ripple (XRP) still have the potential to recover, experts say the delisting will cause further decline as OKX is a major exchange.
Additionally, OKX further warned traders with positions in the impacted trading pairs of Shiba Inu (SHIB), Cardano (ADA), and Ripple (XRP) to cancel orders before they are automatically canceled.
Conclusion
As the OKX exchange delists Shiba Inu (SHIB), Cardano (ADA), and Ripple (XRP) from its platform, it will look to list ETFSwap (ETFS) alongside other major exchanges. Investors who are looking for a more promising cryptocurrency can invest in ETFSwap (ETFS) at $0.01831 per token before it gets listed in the coming months.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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Dogecoin Price Prediction: Meme Coin Trader Forecasts Drop Before DOGE’s Rally to $1
Dogecoin has had a bearish price trajectory lately with the meme coin dipping below 10 cents. Top trader CryptoKaleo predicts a further drop before a potential rally towards $1.
This price movement comes amid a broader downturn in crypto. Besides, Kaleo is bullish about DOGE’s potential in the long run and predicts a price surge following a period of consolidation.
Dogecoin’s Price Analysis
CryptoKaleo shared his insights on X regarding DOGE’s price action. He noted that the crypto has broken below the 10-cent support level. This move aligns with the lows observed in the previous month, indicating a continuation of bearish sentiment.
#Dogecoin / $DOGEFinally got the break back beneath ten cents.Price is currently hanging around support from the lows we saw last month.Still see there being a decent chance we get one last flush to sub 7 cents from here.After that – no more pain. Just a few months of… pic.twitter.com/TUoCucAJOy
— K A L E O (@CryptoKaleo) August 5, 2024
The analyst suggests that further downside may be imminent for Dogecoin. CryptoKaleo predicts a possible “flush” to sub-7 cents before the market stabilizes. This potential drop could mark the bottom of the bearish cycle for DOGE.
Kaleo anticipates consolidation lasting several months before a price surge. Moreover, he predicts that DOGE could reach the $1 mark, fulfilling what he refers to as “the prophecy.”
DOGE’s Performance Against BTC
CryptoKaleo also provided insights into Dogecoin’s performance against Bitcoin. He expects DOGE to test the lower boundary of its trading channel against BTC. This move could see the DOGE/BTC pair dropping to between 130-140 satoshis.
The analyst’s predictions align with the broader market sentiment for meme coins and altcoins. CryptoKaleo suggests that similar price movements may occur across other major cryptos in this category. These assets could experience further downside before establishing a solid bottom.
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Current Dogecoin Price Data and Recent Performance
Recent price data from CoinGecko supports the bearish narrative surrounding Dogecoin. As of the latest update, DOGE is trading at $0.08395. The meme coin has seen a substantial daily trading volume of $2,347,822,846.
Dogecoin’s recent performance has been notably bearish. The asset has experienced a 21.47% price decline over the past day. Moreover, when considering a broader timeframe, DOGE has lost 37.72% of its value in the last week.
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Best Altcoins to Buy Now | Ultimate Guide to the Top Altcoins for 2024 Crypto Bull Run
As the cryptocurrency market gears up for the next crypto bull run, altcoins are attracting significant attention from those looking to diversify their portfolios. As we continue treading the second half of 2024, certain altcoins are capturing attention due to their distinctive innovations.
This carefully crafted article delves into the top 5 altcoins to buy right now: JetBolt, Tron, Monero, Solana, and Jupiter. Each project delivers exclusive innovations that set them apart in the dynamic crypto market. Among these contenders, JetBolt shines brightly as the best altcoin to buy now, thanks to its zero-gas fees, rapid transaction speed, easy-to-earn staking, integrated wallet, AI-powered insights, and much more.
Best Altcoins to Buy Now in 2024 – Ultimate Short List
JetBolt: Revolutionizing crypto with zero gas fees, lightning-fast transactions, a convenient wallet, open-source resources, and AI-driven insights.
Tron: Empowering content creators and supporting a robust ecosystem of dApps.
Monero: Uses advanced cryptographic techniques to ensure transactions remain untraceable and secure.
Solana: Known for high-speed, low-cost transactions for a growing number of dApps.
Jupiter: A blockchain platform dedicated to secure data exchange and communication.
Ultimate Guide to the Top Altcoins for 2024 Crypto Bull Run
JetBolt (JBOLT)
JetBolt is rapidly emerging as one of the best altcoins in the market, thanks to its innovative approach to blockchain technology and its technologies to redefine the crypto experience. Its seamless, user-friendly platform eliminates gas fees and ensures lightning-fast transactions, providing a cost-effective solution for users and developers.
One of JetBolt’s standout features is its AI-powered insights, which deliver real-time market data and analysis. JetBolt complements this feature with its integrated Web3 wallet, which provides advanced security measures like face ID authentication. This makes token management seamless via modern features.
JetBolt also introduces a unique Proof of Attendance and Worth (PAW) protocol, which rewards users based on their activity and engagement within the platform. Essentially, users can stake their JetBolt tokens on the platform and boost their earnings further by engaging with their friends on JetBolt. The social aspect of staking enhances the overall experience, fostering users’ involvement in the platform.
The JetBolt presale is generating significant buzz, giving early adopters access to exclusive staking rewards and token discounts through Alpha Boxes. As JetBolt continues to develop and expand its ecosystem, it is poised to be the best altcoin to buy now during the 2024 crypto bull run.
Don’t miss out on its presale today! The presale price of tokens increases every 24 hours, making now the best time to join the revolution. Visit the official JetBolt website to know more.
Tron (TRX)
Tron continues to be a strong contender in the altcoin arena. It is known for its mission to decentralize the web and empower content creators. With its robust blockchain infrastructure, Tron bolsters many dApps and smart contracts, making it a popular choice for developers and users.
Monero (XMR)
Monero is a privacy-focused cryptocurrency with a loyal following due to its commitment to anonymity and security. Using advanced cryptographic techniques, Monero ensures that transactions are untraceable, making it an appealing option for those who value privacy.
Solana (SOL)
Solana has established itself as a high-performance blockchain capable of handling thousands of transactions per second. With its low transaction costs and scalable infrastructure, Solana is an attractive platform for those seeking a feature-rich blockchain experience with average token price.
Jupiter (JUP)
Jupiter is a blockchain platform that provides secure and efficient data exchange and communication. With its emphasis on privacy and security, Jupiter has a reliable infrastructure for developing dApps that require robust data-handling capabilities.
Which Top Altcoins for 2024 Crypto Bull Run Will Boom?
According to our extensive research, the top cryptocurrencies for 2024 include JetBolt, Tron, Monero, Solana, and Jupiter. JetBolt stands out as the premier choice among these leading altcoins due to its zero gas fees, high-speed transactions, rewarding staking options, AI-driven insights, seamless wallet integration, and a developer-friendly environment. JetBolt is poised to be the best coin to buy now in 2024.
However, predicting which cryptocurrencies will thrive remains uncertain, as all digital assets carry inherent risks and volatility.
Conclusion on Ultimate Guide to the Top Altcoins for 2024 Crypto Bull Run
This thoroughly researched article explores the top altcoins in 2024, including JetBolt, Tron, Monero, Solana, and Jupiter. These altcoins have innovative features and unique solutions as the 2024 crypto bull run rolls around. JetBolt shines with its zero gas fees, instant transactions, and robust ecosystem, making it a top altcoin to buy in 2024.
It’s crucial to perform independent research and proceed cautiously when engaging with any cryptocurrency, as they are inherently risky and volatile. This article is not financial advice.
For those interested in JetBolt, more information is available on the official JetBolt website. Act now, as the presale price of JetBolt increases daily!
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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Toncoin Price Dips, but Here’s Where TON Is Headed Next
The TON price plunged over 16% today amid broader crypto market crash. This is not super worrying for Toncoin holders considering Ethereum is down over 23%. This means TON is, for now, doing better than the largest altcoin during these bad days for crypto traders.
Toncoin is trading around $5 at press time.
Toncoin Price Forecast
As altFINS reported, despite the recent dip, Toncoin’s long-term trend remains positive as it trades above its 200-day moving average. The recent bearish breakout from a Rising Wedge pattern has pulled the price back to a critical support level of $4.75.
Interestingly, TON is now significantly oversold, with its Relative Strength Index (RSI) dropping below 20. This extreme oversold condition could present an attractive entry point for swing traders looking to capitalize on a potential rebound.
Source: altFINS
Technical indicators suggest a possible upside of 35% to $6.75, with a recommended stop-loss at $4.40. However, traders should exercise caution and set appropriate price alerts.
A recent fundamental research report on TON suggests an even more optimistic long-term outlook. Based on comparable valuations of other Layer-1 and Layer-2 networks, the report indicates a potential 80% upside for Toncoin.
While short and medium-term trends are currently down, the long-term trend for TON remains strongly bullish. Investors should keep an eye on key support levels at $4.75 and resistance zones at $6.75 and $8.30.
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We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
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Crypto expert Lee the Captain spotlighted Kaspa (KAS) as a promising altcoin with growth potential in a YouTube video analysis. The analyst believes Kaspa could reach a price of $5 during this bull run, potentially sending its market cap to $120B.
This optimistic outlook stems from Kaspa’s technological capabilities. Furthermore, Lee the Captain emphasizes Kaspa’s speed, noting it’s around 600x faster than Bitcoin.
Expert’s Bold Kaspa Claim
Moreover, he noted that Kaspa boasts a block time of one block per second, with ambitious plans to achieve 100 blocks per second in the future. This fast performance is made possible by Kaspa’s innovative digital ledger, which allows parallel blocks and instant transaction confirmation.
The blockchain trilemma, a persistent challenge in crypto, involves balancing scalability, decentralization, and security. According to Lee, Kaspa claims to have cracked this code.
He stated, “Kaspa solves the blockchain trilemma by being scalable, decentralized, and secure.”
Moreover, he contrasts this with Ethereum, which he argues still struggles with scalability and high gas fees. This technological edge positions Kaspa as a potential game-changer in the blockchain space.
Market Strategy and Outlook
Lee expresses a preference for Kaspa over Bitcoin, citing their higher potential for gains. He views Bitcoin primarily as a store of value with limited use cases.
On the other hand, Kaspa is a desirable choice due to its scalability and technological developments. The analyst indicates the possible peak of Kaspa is estimated to happen in October 2024 or October 2025.
This projection is based on the typical pattern of altcoins peaking 6 to 18 months after a Bitcoin halving event. Lee advocates for a long-term investment strategy, recommending continuous acquisition and holding of Kaspa rather than day trading.
Next Big Airdrop?
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Read also: Why Is The Crypto Market Crashing Today?
Technological Edge and Future Prospects
Kaspa’s technological prowess is a key factor in Lee’s bullish outlook. The crypto’s ability to process transactions rapidly while maintaining security and decentralization sets it apart from many competitors.
Lee believes this technological advantage will drive Kaspa’s growth beyond the current bull run.
The analyst’s enthusiasm for Kaspa is evident in his statement,
“Kaspa reaching $5 would not surprise me whatsoever; I think it’s that amazing.”
This optimism is rooted in Kaspa’s potential to revolutionize blockchain technology and its scalability solutions.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
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Ethereum Ecosystem Takes a Hit: Lido DAO (LDO) and Arbitrum (ARB) Prices Plummet
The ongoing market crash has hit Ethereum’s ecosystem particularly hard. This is evident by simply observing the performance of altcoins from this sector.
Lido DAO’s price has dropped by 27% today, making it the worst-performing altcoin among the top 100 by market cap. Lido DAO is a decentralized autonomous organization (DAO) that provides liquid staking solutions primarily for Ethereum and other Proof of Stake (PoS) blockchains such as Polygon, Solana, and Polkadot.
Arbitrum’s price has also fallen by over 20% today, now trading below $0.5, its lowest level in over a year.
It appears that the Ethereum ecosystem has reacted most severely to this crash, which explains why LDO and ARB prices are dipping so dramatically.
Ethereum Name Service (ENS) price has also declined by 25%, further highlighting the impact on Ethereum-based projects.
Factors Contributing to the Market Downturn
Several factors have contributed to today’s crash:
A $370 million liquidation has sent shockwaves through the market during early hours CET on Monday.
Large-scale Ethereum sales by Jump Trading have added to the selling pressure.
Geopolitical tensions, including potential conflict between Iran and Israel, have increased market uncertainty.
Economic indicators such as Berkshire Hathaway’s stock sell-off have raised concerns about broader market stability.
Political uncertainties in the U.S. have contributed to the overall market instability.
The interconnectedness of global finance has amplified the effects of these various factors.
Specific incidents, like the investigation of price manipulation in Korea, have further exacerbated the downturn.
These combined factors have created a perfect storm for the crypto market, with Ethereum-based projects bearing the brunt of the impact.
Next Big Airdrop?
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Read also: Bitcoin’s Last Stand? Expert Spots Rare Double CME Gap as BTC Nears $44K-$51K Support
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Bitcoin’s Last Stand? Expert Spots Rare Double CME Gap As BTC Nears $44K-$51K Support
Bitcoin’s price has been under pressure lately, showing a notable decline. XForceGlobal, a crypto analyst, has provided an analysis of the state of Bitcoin, highlighting crucial support zones and potential market scenarios.
Moreover, BTC’s price hovers around $52,790, according to CoinGecko data. This represents a 12.40% and a 23.96% drop over the past day and week.
Amid this volatility, crypto analyst XForceGlobal has identified a crucial support zone that could determine Bitcoin’s future trajectory.
Bitcoin Price Analysis
XForceGlobal’s analysis shared on X highlights what they term the “last resort support zone” for Bitcoin bulls. This zone, depicted as a green box on their chart, spans approximately from $44,000 to $51,000.
Moreover, the analyst emphasizes the critical nature of this level, suggesting it could be the final opportunity for bullish investors to make their stand.
$BTCPrimary Macro AnalysisAbsolutely last critical zone for bulls to step up.There is still hope, and it's very important to remain neutral amidst chaos. This is the last resort bullish count for me pretty much as we also have created another massive CME gap above us for… pic.twitter.com/dXtMY0XRqc
— XForceGlobal (@XForceGlobal) August 5, 2024
The current market situation presents a unique scenario, according to XForceGlobal. They point out the presence of two consecutive CME gaps, a phenomenon described as “unheard of” and “basically an anomaly.”
These gaps in the Bitcoin futures market often serve as targets for price action, potentially influencing future movements.
XForceGlobal’s analysis employs Elliott Wave theory, a method used to predict market trends. Their chart annotations suggest Bitcoin is in a corrective phase, with the possibility of either continuing this correction or initiating a new impulse wave.
Bullish vs. Bearish Scenarios: What to Watch For
The analyst presents two potential scenarios moving forward. In the bullish case, if Bitcoin’s price holds above the identified support zone and fills the CME gaps, XForceGlobal expresses “high conviction” for a continuation toward new all-time highs.
Conversely, a bearish outcome looms if the price breaks below the support zone.
XForceGlobal advises market participants to remain neutral amidst the current chaos. They suggest that breaking below the support zone could trigger a shift in strategy.
This would potentially open opportunities to short the market in anticipation of a larger downward move. This balanced approach highlights the uncertainty in the current market climate.
Next Big Airdrop?
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
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Read also: Why Is The Crypto Market Crashing Today?
The Wild Card: Back-to-Back CME Gaps
The presence of two back-to-back CME gaps adds an intriguing element to Bitcoin’s price action. XForceGlobal views this as a possible “wild card” that could support a bullish continuation to new all-time highs.
However, they caution that this may be the last such opportunity with high conviction. Besides, BTC’s drop, the identified support zone between $44,000 and $51,000 becomes a focal point for traders and investors.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
The post Bitcoin’s Last Stand? Expert Spots Rare Double CME Gap as BTC Nears $44K-$51K Support appeared first on CaptainAltcoin.
Here Is Our 2 Cents: Analysts Call for RBLK and JASMY to Rally From $0.02 to Over $1, Outperformi...
JasmyCoin is looking set for a huge rally due to a recent token lockup, while Toncoin price is struggling despite a bullish partnership with Trust Wallet. Meanwhile, the Rollblock ($RBLK) presale is attracting massive inflows as analysts predict it could reach a price over $1 and make early investors hugely rich.
JasmyCoin ($JASMY) Partnerships And Token Lockup Inspires Investors
JasmyCoin is up over 70% in the last 3 months, as a wave of promising JasmyCoin developments has been announced. Janction, a layer 2 for decentralized AI projects will see greater collaboration and partnerships for JasmyCoin, and a token lock-up sealed away 100 million JasmyCoins back in May.
Jasmycoin bounced right off the 100-day simple moving average at $0.026 this week, creating a bullish Hammer formation on the daily candle, which points to likely continuation. A pump to the range highs at $0.031 looks likely for JasmyCoin’s next move before it takes a run for the crucial $1 level.
Toncoin ($TON) Joins Forces With Trust Wallet
Toncoin recently announced a partnership with the popular Trust Wallet, allowing for Toncoin to be bought and sold within the decentralized wallet. This has also opened up the potential for Trust Wallet’s 100 million users to get to grips with Toncoin’s growing DeFi ecosystem.
Despite this bullish news, Toncoin’s price has slid 14% in a month down to $6.15. Toncoin’s support is currently being provided by the 100-day moving average just below, but if this should fail, Toncoin could dip down to $6.
Rollblock ($RBLK) Presale Wins The Gold Medal As Olympic Hype Drives Inflows
Rollblock ($RBLK) is seeing huge interest in its presale offering as it closes in on $2 million being raised. Currently in Stage 4 and selling out fast, Rollblock is set to revolutionize the highly lucrative online gambling industry through the power of blockchain technology.
Rollblock can guarantee that bets will not be tampered with, as all transactions are immortalized on the Ethereum blockchain. It is fully crypto-native and free of invasive KYC checks, meaning Rollblock is completely anonymous and secure.
The casino classics on the platform are powered by the latest in AI tech and offer provably better odds than other Casino platforms. Payouts are made in the native RBLK token, which experts are tipping for astronomical growth this year, thanks to its token hard cap and deflationary tokenomics.
Each week the casino will head to the open market to buy coins with its profits that will be split between staking rewards and a burner account. This will reduce overhanging supply as demand goes through the roof. As a result, over time the price of RBLK will have no choice but to explode rapidly to the upside!
Investors are urged to hurry and take a position while the $0.018 price point lasts. Investors who get involved now are expected to see returns of at least 800% and can take part in daily Olympic-themed giveaways.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post Here Is Our 2 Cents: Analysts Call For RBLK and JASMY To Rally From $0.02 To Over $1, Outperforming TON This Bull Run appeared first on CaptainAltcoin.
XRP Price Drops: Analysts Spot Major Buying Opportunity
XRP’s price action lately has seen the asset’s value dropping to around $0.48. However, crypto analysts Moon Lambo and CrediBULL Crypto see this as an anticipated move and a potential buying opportunity.
Moreover, CrediBull’s analysis of the token’s chart shows strategic buying levels, which Moon Lambo suggests despite investors’ perception of the drop.
Analysts’ Insights on XRP’s Price Movement
Moon Lambo, a top crypto enthusiast, noted that XRP dropping to $0.48 is an opportunity, not the end of the world, and it was expected despite how emotional investors feel. This suggests that the price drop is part of a predicted pattern, not a cause for alarm.
As it turns out, $XRP dropping to $0.48 is an opportunity, *not* the end of the world. And it was expected. Despite how emotional investors feel. https://t.co/DuwsXu8QNZ
— Moon Lambo (@MoonLamboio) August 5, 2024
CrediBULL Crypto, anotheranalyst, reinforced this view. He tweeted,
“Highs swept, retracement into target zone as expected. Will be stalking a potential long opp here on $XRP.”
This indicates a strategic outlook on XRP’s price movement, focusing on long-term gains.
XRP Price Analysis
The chart shared by CrediBULL Crypto highlights several crucial aspects of XRP’s price action. The chart shows a peak, followed by a retracement, aligning with CrediBULL Crypto’s observation of “Highs swept, retracement into target zone.”
The target zone is identified between $0.42 and $0.48, with the 100% Fibonacci extension level at $0.4296, reinforcing this area as a strong support zone. Moon Lambo’s tweet about the drop being expected corresponds with this technical analysis.
The chart also indicates a Fibonacci retracement level at $0.6421, marking potential resistance. This suggests that after finding support, XRP might aim to test this resistance level.
Furthermore, descending and ascending trend lines suggest a converging price action towards the support zone, indicating a potential bullish reversal.
Next Big Airdrop?
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
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Read also: Why Is The Crypto Market Crashing Today?
Potential Long Opportunities
CrediBULL Crypto’s mention of “stalking a potential long opp” highlights the bullish outlook if XRP holds and reverses from the support zone. This aligns with strategic approaches, emphasizing buying at support levels and selling at resistance.
Currently, XRP has retraced to a support zone around $0.48, with the lower boundary at $0.42. This aligns with analysts’ predictions, marking a potential buying opportunity. Per price data from CoinMarketCap, XRP trades at $0.463678.
If the support zone holds, XRP may see a reversal towards the resistance level at $0.6421. Traders should monitor price action within this zone for long opportunities, as highlighted by CrediBULL Crypto.
The recent drop in XRP’s price is seen as a strategic opportunity by leading analysts. The analysts advice to view this retracement as a chance to buy rather than a cause for concern. The market sentiment remains cautiously optimistic, anticipating a potential bullish reversal from the current support levels.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
The post XRP Price Drops: Analysts Spot Major Buying Opportunity appeared first on CaptainAltcoin.
Calls for 2000% PEPE and Rollblock Rallies; Ethereum Whales Are Circling These 2 Trending Altcoins
There is never a dull moment in the cryptocurrency markets. Pepe has seen huge volatility recently as whales take profit, while Ethereum is yet to pump on the launch of its long-awaited ETFs.
Meanwhile, Rollblock ($RBLK), a new play-to-earn coin still in presale, is being tipped for 2,000% gains in 2024.
Pepe ($PEPE) Whales Take Profits To Cause Dip
Pepe (PEPE) has recently seen huge volatility as a whale sent 400 billion Pepe tokens (equivalent to $4.2 million) to the Binance exchange to sell. This profit-taking has sent Pepe’s price down to the 50-day EMA, where it bounced and currently sits around $0.0000100.
Pepe is expected to outperform the market in the event of sustained inflows to the Ethereum ETF, although it has recently seen competition from a massive number of recently minted memecoin copycats such as Chinese spin-off PeiPei. With enough buying pressure, however, a rally back to $0.000016 looks likely In the short term.
Ethereum ($ETH) Holders Facing ETF Anti-Climax
Ethereum has seen indecisive price action around the launch of its ETF funds recently. Initially, promising institutional inflows soon gave way to a huge wave of selling thanks to the Grayscale Ethereum trust and its stubbornly high annual fees. This has led many Ethereum holders to sell these positions and seek out cheaper fees elsewhere.
This rotation will be bullish long term, although Ethereum bulls will need patience as the selling is not over yet. With the prospect of alt-season just around the corner, Ethereum will need only the slightest of catalysts to propel it back above the $4,000 mark into new all-time highs.
Rollblock ($RBLK) Leads The Way in Crypto Casino Transparency
Rollblock ($RBLK) is on a mission to revolutionize the way that online casinos operate by bringing the huge innovation of blockchain technology to this $450 billion sector. Rollblock enscribes all transactions onto the Ethereum blockchain, removing the risk of bets being tampered with.
Completely anonymous and free of KYC, players can simply connect a crypto wallet to get started. A generous deposit bonus of up to 15% is up for grabs for a short time.
All in-game payouts are made using the native token RBLK, which is set to explode in price this year thanks to a unique revenue share scheme. RBLK will be bought each week by the casino using a portion of its operating profits. These coins are then burned and allocated to stakers for an incredible 30% yield.
As demand goes parabolic, supply will become incredibly hard to find, leading to explosive price action. Investors should hurry to make an allocation at the low price of $0.018, as Stage 4 coins are over 90% sold out already. Analysts are predicting massive moves of up to 200x in 2024, so investors can still make huge profits by getting involved today.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post Calls For 2000% PEPE and Rollblock Rallies; Ethereum Whales Are Circling These 2 Trending Altcoins appeared first on CaptainAltcoin.