AltcoinTrends
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5 Alternative Coins Poised to Hit $10 Billion Market Cap in June ๐
Get your instant reward from my pin ๐ post
Experts foresee the rise of altcoin season this summer. Check out these five altcoins on track to achieve a $10 billion market cap in June:
1. **Near Protocol (NEAR)**
- **Tech:** Utilizes a proof-of-stake blockchain with Nightshade tech.
- **Current Cap:** $7.99 billion.
- **Recent Performance:** Peaked at $8.51.
- **Outlook:** A 25% surge needed to hit $10 billion, boosted by Grayscaleโs Near Trust launch.
2. **Polygon (MATIC)**
- **Tech:** Serves as an Ethereum Layer 2 solution.
- **Current Cap:** $6.7 billion.
- **Recent Performance:** Trading volume up 24%, price rose 4% to $0.72.
- **Outlook:** Diverse tech stack and applications could propel it to $10 billion soon.
3. **Uniswap (UNI)**
- **Tech:** Leading decentralized exchanges (DEX) pioneer.
- **Current Cap:** $8 billion.
- **Recent Performance:** Price surged 45% to $10.67.
- **Outlook:** Expanding services to other chains like BSC and Base L2 augments growth potential.
4. **Polkadot (DOT)**
- **Tech:** Employs a heterogeneous blockchain with para-chains.
- **Current Cap:** $9.8 billion.
- **Recent Performance:** Trading at $7.18, up 2.5%.
- **Outlook:** Merely requires a 2.05% increase to reach $10 billion, backed by strong leadership from Ethereum co-founder Dr. Gavin Wood.
5. **Pepe (PEPE)**
- **Category:** Falls under the meme coin genre.
- **Current Cap:** $6 billion.
- **Recent Performance:** Price surged 81% to $0.00001445.
- **Outlook:** Requires a 66% boost to reach $10 billion. Early investors witnessed 260X returns, signaling potential for doubling new investments.
Conclusion
From established entities like Near Protocol and Polygon to meme coins such as Pepe, these alternative coins present opportunities for substantial returns.
#June2024TopCoins #AltcoinTrends #TopCoinsJune2024
Get your instant reward from my pin ๐ post
Experts foresee the rise of altcoin season this summer. Check out these five altcoins on track to achieve a $10 billion market cap in June:
1. **Near Protocol (NEAR)**
- **Tech:** Utilizes a proof-of-stake blockchain with Nightshade tech.
- **Current Cap:** $7.99 billion.
- **Recent Performance:** Peaked at $8.51.
- **Outlook:** A 25% surge needed to hit $10 billion, boosted by Grayscaleโs Near Trust launch.
2. **Polygon (MATIC)**
- **Tech:** Serves as an Ethereum Layer 2 solution.
- **Current Cap:** $6.7 billion.
- **Recent Performance:** Trading volume up 24%, price rose 4% to $0.72.
- **Outlook:** Diverse tech stack and applications could propel it to $10 billion soon.
3. **Uniswap (UNI)**
- **Tech:** Leading decentralized exchanges (DEX) pioneer.
- **Current Cap:** $8 billion.
- **Recent Performance:** Price surged 45% to $10.67.
- **Outlook:** Expanding services to other chains like BSC and Base L2 augments growth potential.
4. **Polkadot (DOT)**
- **Tech:** Employs a heterogeneous blockchain with para-chains.
- **Current Cap:** $9.8 billion.
- **Recent Performance:** Trading at $7.18, up 2.5%.
- **Outlook:** Merely requires a 2.05% increase to reach $10 billion, backed by strong leadership from Ethereum co-founder Dr. Gavin Wood.
5. **Pepe (PEPE)**
- **Category:** Falls under the meme coin genre.
- **Current Cap:** $6 billion.
- **Recent Performance:** Price surged 81% to $0.00001445.
- **Outlook:** Requires a 66% boost to reach $10 billion. Early investors witnessed 260X returns, signaling potential for doubling new investments.
Conclusion
From established entities like Near Protocol and Polygon to meme coins such as Pepe, these alternative coins present opportunities for substantial returns.
#June2024TopCoins #AltcoinTrends #TopCoinsJune2024
Navigating the Altcoin Jungle: A Strategic Guide to Crypto Investing in Late 2023 ๐
The crypto landscape in late 2023 is buzzing with activity. October marked a significant period, with the total crypto market capitalization soaring by 19%, largely driven by optimism surrounding spot Bitcoin ETFs. Bitcoin ($BTC ) and altcoins are at the forefront of this trend, each presenting unique investment opportunities and risks. In this article, we delve into the current state of Bitcoin and altcoins, analyze market trends, and offer insights for navigating this complex and exciting market.Current State of BitcoinAs of late 2023, Bitcoin is experiencing a noteworthy phase. The price of Bitcoin currently stands at $36,497.1, with a 24-hour change of 13.51% and a 7-day change of 22.6%. Despite this, Bitcoinโs market cap dominance has seen a decline, indicating a shift in investor interest towards altcoins. Experts predict an average BTC rate of $42,763 in November 2023, with potential highs reaching $48,768. The forecast for December suggests a trading range between $32,559.68 and $42,270, averaging around $37,414.84. These projections underscore the growing investor sentiment, which is currently 60% bullish and 40% bearish.The Rise of AltcoinsAltcoins have shown remarkable growth, with large-cap altcoins like Rippleโs XRP, Cardano (ADA), Avalanche (AVAX), Dogecoin ($DOGE ), Chainlink (LINK), and UniSwap (UNI) posting gains of 5%-10%. XRP notably jumped nearly 10%, overtaking Binanceโs $BNB in market capitalization. The altcoin market is gaining traction, with investment advisory firm ByteTree adding tokens like NEAR, STX, LINK, and XRP to its portfolio, reducing the weight of BTC. This diversification reflects the firmโs confidence in the altcoin market, echoing a broader sentiment that sees altcoins as lucrative for potential high returns.Investment Strategies and Market OutlookAs we approach the end of 2023, the crypto market presents varied strategies for investors. For those focusing on wealth preservation, Bitcoin remains a stable choice, albeit with lower percentage gains compared to altcoins. In contrast, altcoins offer a high-risk, high-reward scenario, especially for those willing to dive into the micro-cap altcoin segment. Despite the optimism, itโs crucial to note that we are not yet in a full-fledged altcoin season. Data shows that while 57% of the top 50 digital assets have outperformed BTC in the last 30 days, this figure is below the 75% threshold that defines an altcoin season.ConclusionIn conclusion, the crypto market in late 2023 is vibrant and diverse, offering unique opportunities for investors. Whether youโre a Bitcoin believer or an altcoin adventurer, thereโs potential for everyone in this digital gold rush ๐ฐ๐.Hashtags : 1. #CryptoMarket2023 ๐ 2. #AVAX 3. #AltcoinTrends ๐ 4. #CryptoInvestmentStrategies ๐ค 5. #BinanceSquareUpdates ๐This article is not a financial advice.
๐จ10 Best Altcoins to Buy in 2023๐จ๐
The cryptocurrency market, now boasting over 26,000 assets and a total market capitalization of $1.25 trillion, presents a challenging landscape for investors. Here are the top 10 altcoins by market capitalization that are worth considering:
1. **Ethereum (ETH)**
- Market Cap: $223.3 billion
- Functionality: Decentralized applications (dApps) and smart contract hosting.
2. **Binance Coin (BNB)**
- Market Cap: $37.4 billion
- Utility: Trading fee payments and discounted trades on Binance exchange.
3. **XRP (XRP)**
- Market Cap: $36.2 billion
- Purpose: Facilitates exchanges with Ripple Labs; faces legal challenges.
4. **Cardano (ADA)**
- Market Cap: $10.6 billion
- Notable: Early adopter of proof-of-stake; criticized for delivery delays.
5. **Dogecoin (DOGE)**
- Market Cap: $10.6 billion
- Unique: Original meme coin; perceived as riskier than Bitcoin.
6. **Solana (SOL)**
- Market Cap: $7.2 billion
- Promise: Low fees, high security; criticized for centralization compared to Ethereum.
7. **Tron (TRX)**
- Market Cap: $6.7 billion
- Structure: Decentralized autonomous organization (DAO) with numerous accounts.
8. **Litecoin (LTC)**
- Market Cap: $6.6 billion
- Design: Improving on Bitcoin's perceived shortcomings.
9. **Polygon (MATIC)**
- Market Cap: $4.7 billion
- Function: Ethereum-based scaling platform for dApps with low transaction fees.
10. **Polkadot (DOT)**
- Market Cap: $4.3 billion
- Role: Powers the Polkadot ecosystem; criticized for project progress.
$MATIC $ETH $BNB #ETH #etf #AltcoinTrends #AltcoinAction #AltcoinTrends
The cryptocurrency market, now boasting over 26,000 assets and a total market capitalization of $1.25 trillion, presents a challenging landscape for investors. Here are the top 10 altcoins by market capitalization that are worth considering:
1. **Ethereum (ETH)**
- Market Cap: $223.3 billion
- Functionality: Decentralized applications (dApps) and smart contract hosting.
2. **Binance Coin (BNB)**
- Market Cap: $37.4 billion
- Utility: Trading fee payments and discounted trades on Binance exchange.
3. **XRP (XRP)**
- Market Cap: $36.2 billion
- Purpose: Facilitates exchanges with Ripple Labs; faces legal challenges.
4. **Cardano (ADA)**
- Market Cap: $10.6 billion
- Notable: Early adopter of proof-of-stake; criticized for delivery delays.
5. **Dogecoin (DOGE)**
- Market Cap: $10.6 billion
- Unique: Original meme coin; perceived as riskier than Bitcoin.
6. **Solana (SOL)**
- Market Cap: $7.2 billion
- Promise: Low fees, high security; criticized for centralization compared to Ethereum.
7. **Tron (TRX)**
- Market Cap: $6.7 billion
- Structure: Decentralized autonomous organization (DAO) with numerous accounts.
8. **Litecoin (LTC)**
- Market Cap: $6.6 billion
- Design: Improving on Bitcoin's perceived shortcomings.
9. **Polygon (MATIC)**
- Market Cap: $4.7 billion
- Function: Ethereum-based scaling platform for dApps with low transaction fees.
10. **Polkadot (DOT)**
- Market Cap: $4.3 billion
- Role: Powers the Polkadot ecosystem; criticized for project progress.
$MATIC $ETH $BNB #ETH #etf #AltcoinTrends #AltcoinAction #AltcoinTrends
$BTC consolidating in the $39,000 - $40,000 range would be sooo bullish for ALTS
#BTC #altseaon #AltcoinTrends
#BTC #altseaon #AltcoinTrends
LONG-TERM "HODL" ADVISE - Correlation Matters! ๐จ
Altcoins are showing high correlations with Bitcoin (~ average of 0.69), indicating they move similarly, emphasizing Bitcoin's role as a market indicator. However, some altcoins exhibit weaker correlations, suggesting other factors influence their prices and returns.
HOW IT WORKS?
Correlation measures the strength of a linear relationship between two variables, ranging from 0 to 1. Assets with a correlation above 0.5 or below are considered to have strong positive/negative correlations. A close-to-zero correlation indicates no linear relationship. Positive correlation suggests similar movements in the same direction, while negative correlation implies opposite movements
WHY CORRELATION MATTERS?
It helps reduce overall portfolio risk. When you invest in assets that have low or negative correlations with each other, they tend to react differently to market events.
Assets with low or negative correlations can provide a buffer against losses. If one asset in your portfolio experiences a downturn, the others may not be affected or may even move in the opposite direction, helping to mitigate losses
PERSONAL ADVICE
When you build a Crypto Portfolio, try to find and add those tokens who have negative correlation. By this way, you protect (hedge) your long term investment portfolio!
#LearnAndGrow #learntoearn #diversification #AltcoinPicks #AltcoinTrends $BTC vs $GALA
Altcoins are showing high correlations with Bitcoin (~ average of 0.69), indicating they move similarly, emphasizing Bitcoin's role as a market indicator. However, some altcoins exhibit weaker correlations, suggesting other factors influence their prices and returns.
HOW IT WORKS?
Correlation measures the strength of a linear relationship between two variables, ranging from 0 to 1. Assets with a correlation above 0.5 or below are considered to have strong positive/negative correlations. A close-to-zero correlation indicates no linear relationship. Positive correlation suggests similar movements in the same direction, while negative correlation implies opposite movements
WHY CORRELATION MATTERS?
It helps reduce overall portfolio risk. When you invest in assets that have low or negative correlations with each other, they tend to react differently to market events.
Assets with low or negative correlations can provide a buffer against losses. If one asset in your portfolio experiences a downturn, the others may not be affected or may even move in the opposite direction, helping to mitigate losses
PERSONAL ADVICE
When you build a Crypto Portfolio, try to find and add those tokens who have negative correlation. By this way, you protect (hedge) your long term investment portfolio!
#LearnAndGrow #learntoearn #diversification #AltcoinPicks #AltcoinTrends $BTC vs $GALA
5 Solid Coins with Low/Medium Risk for the Crypto Enthusiast
In cryptocurrencies, strategic investment is key to navigating the market. For those seeking low to medium risk options, here are five solid coins that stand out in the current landscape.1. $SOL (Solana): Known for its high-speed blockchain, Solana has become a go-to platform for decentralized applications (DApps). Its efficiency and low transaction costs make it an attractive choice for developers, contributing to its potential for sustained growth.2. $LINK (Chainlink): With its unique proposition of connecting smart contracts to real-world data, Chainlink plays a crucial role in enhancing the functionality of blockchain applications. As the demand for reliable data in the blockchain ecosystem rises, $LINK 's utility is expected to drive its value.3. $DYDX (dYdX): Positioned as a decentralized exchange and trading platform, dYdX offers users the ability to trade various assets without relying on a central authority. Its commitment to decentralization aligns with the ethos of many crypto enthusiasts, making it a promising option for those seeking alternatives to traditional exchanges.4. $NAKA (Nakamoto Games): In the intersection of gaming, decentralized finance (DeFi), and non-fungible tokens (NFTs), Nakamoto Games stands out. Its platform integrates gaming experiences with DeFi and NFT creation, presenting a unique proposition in a rapidly evolving market.5. $AVAX (Avalanche): Boasting a scalable and interoperable blockchain network, Avalanche aims to address the challenges of scalability and compatibility faced by many blockchain projects. Its ambition to provide a platform for custom blockchain networks positions $AVAX as a promising investment.These coins are not merely tokens; they represent projects with strong fundamentals and real-world applications. As the crypto market continues to evolve, these choices offer a balance between potential returns and manageable risk.The buzz around these coins extends beyond speculation. Their technologies, use cases, and communities provide a foundation for sustained growth. While no investment is entirely risk-free, these options present a compelling case for those navigating the crypto landscape.In the midst of the current Bitcoin bull run, these coins are positioned for minimum 10x growth, making them attractive prospects for investors looking to diversify their portfolios during this exciting phase of the crypto cycle. #AltcoinTrends
๐จ๐ฅImportant Update for Bitcoin and Alternative Cryptocurrencies๐ฅ๐จ
As anticipated earlier today, Bitcoin experienced a surge, reaching a peak between $69,920 and $70,100 to clear out liquidity. Subsequently, it has retraced to retest its recent low, hovering just below the $69,000 mark.
Should Bitcoin close below $69,000 on the 4-hour chart (expected in approximately one hour), it would confirm a bearish trend. In light of this signal, it is advisable to engage in short trades exclusively or to swiftly capitalize on profits at any level between $69,000 and $74,000.
A closure below $69,000 signifies a market takeover by bears. Although there may be attempts at price recovery, it is likely to be short-lived as savvy traders secure profits or exit long positions to protect their investments.
During this phase, meme altcoins are expected to experience significant losses, so it is imperative to trade prudently and refrain from overleveraging in futures trading.
I offer insights on trading psychology and practical tips to aid your trading decisions. However, it's essential to conduct your own research and refrain from considering my post as financial advice. Thank you.
#CryptoTradingInsights #MarketAnalysis #RiskManagement #AltcoinTrends
As anticipated earlier today, Bitcoin experienced a surge, reaching a peak between $69,920 and $70,100 to clear out liquidity. Subsequently, it has retraced to retest its recent low, hovering just below the $69,000 mark.
Should Bitcoin close below $69,000 on the 4-hour chart (expected in approximately one hour), it would confirm a bearish trend. In light of this signal, it is advisable to engage in short trades exclusively or to swiftly capitalize on profits at any level between $69,000 and $74,000.
A closure below $69,000 signifies a market takeover by bears. Although there may be attempts at price recovery, it is likely to be short-lived as savvy traders secure profits or exit long positions to protect their investments.
During this phase, meme altcoins are expected to experience significant losses, so it is imperative to trade prudently and refrain from overleveraging in futures trading.
I offer insights on trading psychology and practical tips to aid your trading decisions. However, it's essential to conduct your own research and refrain from considering my post as financial advice. Thank you.
#CryptoTradingInsights #MarketAnalysis #RiskManagement #AltcoinTrends
HOW ARE YOU ABLE TO INCREASE YOUR RESULT IN CRYPTO TRADING?
1. Education: Understanding the fundamentals of blockchain technology and the specifics of each cryptocurrency can help you make informed decisions.
2. Diversification: Just like with traditional investing, diversifying your portfolio can help mitigate risk.
3. Stay Updated: Cryptocurrency markets can be highly volatile. Keeping up with news and trends can help you react to changes.
4. Risk Management: Only invest what you can afford to lose and consider using stop loss orders to limit potential losses.
5. Long-Term Strategy: While some traders may attempt to profit from short-term price fluctuations, others may find more success with a long-term strategy.
Remember, investing in cryptocurrencies can be risky and it's important to only invest what you can afford to lose. It's always a good idea to consult with a financial advisor before making investment decisions.
#BinanceTournament #AVAX #BTC #AltcoinTrends $GRT $CYBER $UNI
1. Education: Understanding the fundamentals of blockchain technology and the specifics of each cryptocurrency can help you make informed decisions.
2. Diversification: Just like with traditional investing, diversifying your portfolio can help mitigate risk.
3. Stay Updated: Cryptocurrency markets can be highly volatile. Keeping up with news and trends can help you react to changes.
4. Risk Management: Only invest what you can afford to lose and consider using stop loss orders to limit potential losses.
5. Long-Term Strategy: While some traders may attempt to profit from short-term price fluctuations, others may find more success with a long-term strategy.
Remember, investing in cryptocurrencies can be risky and it's important to only invest what you can afford to lose. It's always a good idea to consult with a financial advisor before making investment decisions.
#BinanceTournament #AVAX #BTC #AltcoinTrends $GRT $CYBER $UNI
๐จ7 Best Altcoins To Invest Today๐๐
Ethereum (ETH)
Ripple (XRP)
Solana (SOL)
Polkadot (DOT)
Dogecoin (DOGE)
Bitcoin Cash (BCH)
Compound (COMP)
#ETH #DogecoinUpdate #XRPInvestment #Compound #AltcoinTrends $ETH $XRP $COMP
Ethereum (ETH)
Ripple (XRP)
Solana (SOL)
Polkadot (DOT)
Dogecoin (DOGE)
Bitcoin Cash (BCH)
Compound (COMP)
#ETH #DogecoinUpdate #XRPInvestment #Compound #AltcoinTrends $ETH $XRP $COMP
Altcoins will continue to increase in price in the near future.
The weekly frame trend is quite clear, just wait for an adjustment to buy more.
How do you guys view it?
Source: Thescapingpro
#AltcoinTrends #TienMaHoa #PredictiveAnalytics
The weekly frame trend is quite clear, just wait for an adjustment to buy more.
How do you guys view it?
Source: Thescapingpro
#AltcoinTrends #TienMaHoa #PredictiveAnalytics
#FRONT $FRONT
Team build multi-chain self-custody wallet
and my personal opinion is that the wallet is not bad.
CZ says he is interested in DeFi
They create their own chain and we go to the moon ๐
Circulating supply 90.000.000 of FRONT
MAX supply 90.000.000 FRONT
Team burn ๐ฅ 10.000.000 FRONT
Market cap is 35.000.000$
We need only 265.000.000$ to make X10
DWF Labs buy 799.000 FRONT
#cz #altcoinsโ๏ธ#bulllish #bullrun #AltcoinTrends #wallet
Team build multi-chain self-custody wallet
and my personal opinion is that the wallet is not bad.
CZ says he is interested in DeFi
They create their own chain and we go to the moon ๐
Circulating supply 90.000.000 of FRONT
MAX supply 90.000.000 FRONT
Team burn ๐ฅ 10.000.000 FRONT
Market cap is 35.000.000$
We need only 265.000.000$ to make X10
DWF Labs buy 799.000 FRONT
#cz #altcoinsโ๏ธ#bulllish #bullrun #AltcoinTrends #wallet
โฐ Important Announcement from #Binance
Attention Crypto Community!
- Starting Dec 15, Binance will be delisting #BUSD ย tokens.
- Act now to avoid disruption!
Action Required:
Convert or swap your $BUSD to $USDTย or other assets.
#FET #BTC #AltcoinTrends $BTC $ETH
Attention Crypto Community!
- Starting Dec 15, Binance will be delisting #BUSD ย tokens.
- Act now to avoid disruption!
Action Required:
Convert or swap your $BUSD to $USDTย or other assets.
#FET #BTC #AltcoinTrends $BTC $ETH
Hello MY lovely fellow Binancians,
It's Monday and a new week ahead, I wish everyone a successful trades and green candles, your investment and trading will put smiles on your faces!!
Don't Forget #BTC is going down Trade with caution bears are out, don't get stucked unexpectedly, adjust your risk management, stay safe and remain blessed!!!
Anyways I want to say special thank you to all my followers, I now have 494 followers, thanks for following my account, I believe with your helps, I can hit 1k followers ๐๐..
To say a special thank you, I have created over 500 Red carpet gift ๐, kindly go and claim , thanks for your support, i love you all !!!!
CODE: BP5A8M1XSR
we are gonna be millionaires this year ๐๐๐, 2024 is the year #AltcoinTrends
It's Monday and a new week ahead, I wish everyone a successful trades and green candles, your investment and trading will put smiles on your faces!!
Don't Forget #BTC is going down Trade with caution bears are out, don't get stucked unexpectedly, adjust your risk management, stay safe and remain blessed!!!
Anyways I want to say special thank you to all my followers, I now have 494 followers, thanks for following my account, I believe with your helps, I can hit 1k followers ๐๐..
To say a special thank you, I have created over 500 Red carpet gift ๐, kindly go and claim , thanks for your support, i love you all !!!!
CODE: BP5A8M1XSR
we are gonna be millionaires this year ๐๐๐, 2024 is the year #AltcoinTrends
#AltcoinTrends MOST IMPORTANT CHART ๐๐
๐ You have before your eyes the graph of Bitcoin dominance. This means that if this chart goes down, the ALTS goes up. What is fascinating is that we can notice that over the last two times, the altcoins season begins exactly 7 bars (212 and 214 days) after the halving and lasts between 306 and 334 days! ๐๐ We also notice that during the last rise in ALTS, #Bitcoin2024 dominance came up perfectly against 0.618 Fibonacci
๐ด, I find this level extremely interesting. Furthermore, we have formed a bearish trendline and over the next few weeks we will surely stumble upon it, which also coincides with the 0.618 Fibonacci! ๐ด We can note that the ALT season will begin at the beginning of November 2024 and end in September or even October 2025! The strong signal will be when #BTC breaks the 0.618 zone ($48,000) โ
Tell me what you think of this graph, I find it particularly interesting ๐๐
๐ You have before your eyes the graph of Bitcoin dominance. This means that if this chart goes down, the ALTS goes up. What is fascinating is that we can notice that over the last two times, the altcoins season begins exactly 7 bars (212 and 214 days) after the halving and lasts between 306 and 334 days! ๐๐ We also notice that during the last rise in ALTS, #Bitcoin2024 dominance came up perfectly against 0.618 Fibonacci
๐ด, I find this level extremely interesting. Furthermore, we have formed a bearish trendline and over the next few weeks we will surely stumble upon it, which also coincides with the 0.618 Fibonacci! ๐ด We can note that the ALT season will begin at the beginning of November 2024 and end in September or even October 2025! The strong signal will be when #BTC breaks the 0.618 zone ($48,000) โ
Tell me what you think of this graph, I find it particularly interesting ๐๐
BTC.D showing a lot of strengthโฆ! Alts season is on its edge to start..! #ETH #BTC #WhaleAlert #AltcoinTrends #altseason2023
Crypto Analyst Projects $7 Trillion Market Cap For Altcoins โ Hereโs When
Altcoins To Go Parabolic Again?
In a post on X, Mags put forward a bold forecast for the altcoins market capitalization and expects the value of most cryptocurrencies to go parabolic in the coming years. The crypto analystโs bullish argument revolves around the Moving Average Convergence/Divergence (MACD) indicator on the monthly timeframe of the altcoin chart. On the highlighted chart, the monthly MACD is on the verge of making a bullish cross. From a historical standpoint, the crypto analyst cited that a similar bullish cross occurred on the Moving Average Convergence/Divergence indicator in 2020. Following this cross, the altcoins market cap skyrocketed by more than 2,000% from $85 billion to $1.73 trillion. If this MACD cross forms again, Mags expects a similar bull run for the altcoins market.
In what seemed like a more realistic stance, the crypto analyst postulated a surge to a $7 trillion market cap by 2025, even if the altcoins experience only half of the 2020 growth. This represents a roughly 1,000% rally from the current altcoin market cap of $637 billion.
#altcoinprice #AltcoinAction #AltcoinTrends
Altcoins To Go Parabolic Again?
In a post on X, Mags put forward a bold forecast for the altcoins market capitalization and expects the value of most cryptocurrencies to go parabolic in the coming years. The crypto analystโs bullish argument revolves around the Moving Average Convergence/Divergence (MACD) indicator on the monthly timeframe of the altcoin chart. On the highlighted chart, the monthly MACD is on the verge of making a bullish cross. From a historical standpoint, the crypto analyst cited that a similar bullish cross occurred on the Moving Average Convergence/Divergence indicator in 2020. Following this cross, the altcoins market cap skyrocketed by more than 2,000% from $85 billion to $1.73 trillion. If this MACD cross forms again, Mags expects a similar bull run for the altcoins market.
In what seemed like a more realistic stance, the crypto analyst postulated a surge to a $7 trillion market cap by 2025, even if the altcoins experience only half of the 2020 growth. This represents a roughly 1,000% rally from the current altcoin market cap of $637 billion.
#altcoinprice #AltcoinAction #AltcoinTrends
