50 RWA Projects Poised for 20-100x Growth in the 2024 Bull Run Cycle
According to renowned crypto analyst Immortal, 50 projects in the Real World Assets (RWA) sector are set to experience a 20-100x price appreciation during this upcoming bull market.
In this article, we will explore the various sectors within the RWA space and highlight the projects that Immortal believes have the greatest potential for growth.
DeFi Sector
The Decentralized Finance (DeFi) sector has been a major driving force behind the growth of the cryptocurrency market in recent years. Within the RWA space, several DeFi projects are poised for significant gains, including:
$HIFI
$HTR
$SCLP
$REQ
$XVS
$RSR
$SNX
$MKR
$OMAX
These projects aim to revolutionize traditional financial services by providing decentralized alternatives that offer greater accessibility, transparency, and security.
Web 3 Sector
The Web 3 sector, which focuses on the development of a decentralized internet, is another area where RWA projects are expected to thrive. Some of the most promising projects in this sector include:
$ERN
$DEXTF
$LCD
$OGY
$EKTA
$ACQ
$VEXT
$OPUL
$WAG
These projects are working towards building a more open, collaborative, and user-centric web, where individuals have greater control over their data and online experiences.
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Show more +Show less – Layers Sector
The Layers sector encompasses projects that are building infrastructure and scaling solutions for blockchain networks. According to Immortal, the following projects in this sector have the potential for significant growth:
$LTO
$SCPT
$COREUM
$LSK
$XEP
$XDC
$AZERO
$XCH
These projects are focused on improving the scalability, interoperability, and efficiency of blockchain networks, enabling them to support a wider range of applications and use cases.
Networks Sector
The Networks sector includes projects that are building decentralized networks and protocols for various purposes, such as data storage, communication, and computation. Some of the most promising projects in this sector include:
$NXRA
$LMR
$CANTO
$DUSK
$CHEX
$POLYX
$OM
$RIO
$HASH
These projects aim to create more resilient, secure, and censorship-resistant networks that can support a wide range of decentralized applications and services.
Real Estate Sector
The Real Estate sector is a particularly exciting area within the RWA space, as it seeks to tokenize and democratize access to real estate investments. According to Immortal, the following projects in this sector are set for significant growth:
$HIFI
$PRO
$PRCL
$UBXS
$ELAND
$LABS
$CRE
$PROPC
These projects are leveraging blockchain technology to create more efficient, transparent, and accessible real estate markets, enabling investors to participate in a wider range of opportunities with lower barriers to entry.
Other Notable Projects
In addition to the sectors mentioned above, Immortal has identified several other RWA projects that have the potential for significant growth in the upcoming bull run cycle. These include:
$BTM
$UNO
$HZN
$P3D
$RBN
$NPT
$APE
$CGO
These projects span a wide range of use cases and industries, showcasing the diversity and potential of the RWA space.
As the cryptocurrency market prepares for the 2024 bull run cycle, the Real World Assets sector is poised for explosive growth. With 50 projects identified by analyst Immortal as having the potential for 20-100x price appreciation, investors have a unique opportunity to capitalize on the emerging trends and innovations within the RWA space.
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The post 50 RWA Projects Poised for 20-100x Growth in the 2024 Bull Run Cycle appeared first on CaptainAltcoin.
🚀 Los titulares de tokens de SingularityNet, Fetch.ai y Ocean han aprobado una fusión de $7.5 mil millones para crear el proyecto de Alianza de Superinteligencia Artificial (ASI). El token Fetch.AI (FET) se convertirá en el token ASI con un suministro total de 2.6 mil millones. Los tokens SingularityNet (AGIX) y Ocean (OCEAN) se convertirán en ASI a razones aproximadas de 0.43:1. ASI, con un valor combinado de $7.5 mil millones post-fusión, se lanzará el 24 de mayo. 🎉 ¿Qué opinas de este mega movimiento en el mundo de las criptomonedas y la IA? ¡Comenta abajo!
Analysts Bullish On Bitcoin Despite Peter Schiff’s $20,000 Doom Scenario
Over the weekend, the Bitcoin (BTC) crash had the crypto community on its toes. With the price dropping to $60,000, many investors worried that the flagship cryptocurrency was in trouble ahead of the “Halving” event.
Amid the correction, Bitcoin critic Peter Schiff claimed that his previous predictions regarding spot Bitcoin ETFs (exchange-traded funds) were correct and presented the possibility of a doom drop for BTC.
Peter Schiff’s Doomsday Prediction For Bitcoin
Back in March, known Bitcoin opposer Peter Schiff asserted what he thought was the problem with Bitcoin ETFs. According to the economist, the problem with owning these investment products was that liquidity was limited to US market hours, which would mean that investors could not sell if the market crashed overnight.
As I warned if #Bitcoin starts selling off tonight, #BitcoinETF owners can do nothing but watch and wait until the NYSE opens tomorrow morning. In the meantime it will be a long night hoping that Bitcoin doesn’t crash before they have a chance to sell. https://t.co/GfLtl6Wc1S
— Peter Schiff (@PeterSchiff) April 14, 2024
On Sunday afternoon, Schiff claimed that, as he previously warned, Bitcoin ETF owners would be helpless if the flagship cryptocurrency started selling off that night. BTC traded around $63,460 at the time of his post and recovered in the following hour to trade above the $65,000 support level.
Earlier that day, Schiff had warned of a critical support zone for BTC. To the economist, breaking below $60,000 could “create a formidable triple top.” This trend reversal could lead to an “immediate downside projection” of $20,000.
Following his dooming scenario, Schiff stated that, at that price, MicroStrategy would “have a $2.7 billion unrealized loss on 214K Bitcoin acquired at an average price of $34K.” Additionally, he believes that BTC’s price could increase “before it crashes.”
Analysts Unfazed By BTC’s Correction
Several analysts concurred that the correction was a “minor drop” in the macro picture. According to MacroCRG, Bitcoin’s chart “looks incredible.” The analyst stated: “They threw a full-on war at her and all it managed to do was wick the range low.”
Similarly, trader and analyst Rekt Capital considers that BTC “successfully protected the Range Low of its Re-Accumulation Range as the week of the Bitcoin Halving begins.”
Per the analyst’s chart, Bitcoin is at the “Last Pre-Halving Retrace” during the “Pre-Halving Rally.” If history is to repeat itself, after April 19, BTC will enter the “Re-Accumulation” phase before experiencing the “Post-Halving Parabolic Upside.”
Bitcoin phases during the "Halving" event. Source: Rekt Capital on X
Moreover, Crypto Jelle urged investors to “not get shaken out” as BTC is “consolidating above the previous cycle highs.” The analyst and investor reaffirmed his prediction of $82,000 after the upcoming “Halving” event.
However, Jelle also set a higher target for this bull cycle. The bullish megaphone pattern on BTC’s chart “still has a pattern of $180,000” despite the recent correction, as stated in the post. The analyst claims he wouldn’t be surprised “if the meme pattern plays out once again.”
The correction caused BTC to register bleeding numbers for several periods. The biggest cryptocurrency exhibits an 8.4% and a 3.1% dip in the weekly and monthly timeframes. Similarly, BTC’s market activity has decreased by 32.1% in the past day, with a trading daily volume of $42.56 billion.
Nonetheless, Bitcoin has recovered 3.5% from its price 24 hours ago, currently trading at $66,275. Since the lowest point of this correction, BTC has surged 10.3%.
Bitcoin's performance on the three-day chart. Source. BTCUSDT on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Source: NewsBTC.com
The post Analysts Bullish On Bitcoin Despite Peter Schiff’s $20,000 Doom Scenario appeared first on Crypto Breaking News.
📣¡Atención cripto-inversores! Tres ETFs de Bitcoin (BTC) y Ether (ETH) han sido aprobados recientemente en Hong Kong. Sin embargo, el analista senior de ETF de Bloomberg, Eric Balchunas, sugiere que no esperemos un gran flujo de inversiones. Aunque se estimó un ingreso de $25 mil millones, Balchunas cree que serán afortunados si consiguen $500 millones. ¿Por qué? El mercado de ETF de Hong Kong es pequeño comparado con el de EE. UU. y estos ETFs no permiten a los inversores minoristas chinos acceder oficialmente a los productos. Además, las tarifas probablemente rondarán el 1-2%. ¿Qué opinas? ¿Crees que estos ETFs atraerán a los inversores chinos? ¡Comparte tus pensamientos en los comentarios! 💬
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In a detailed analysis, the crypto analyst Blockchainedbb has cautioned investors and traders against buying Bitcoin (BTC) at the current price levels. The analyst has provided a comprehensive breakdown of the market conditions, highlighting the potential risks and suggesting an optimal entry point for BTC accumulation.
The Current Market Scenario: According to Blockchainedbb, while Bitcoin has not experienced a significant decline, alternative cryptocurrencies (altcoins) have already suffered losses of up to 60% from their recent peaks. This has led to widespread portfolio bleeding, leaving investors grappling with the decision to either average down or cut their losses.
The Significance of the $55,000 Support Level: The analyst emphasizes that the $55,000 level is not a strong support for Bitcoin. The grey boxes on the chart represent “fair value gaps,” which do not necessarily need to be filled. If these gaps are disrespected, Bitcoin could potentially drop further.
When to Start Averaging: Blockchainedbb suggests that for a bullish market structure shift, Bitcoin needs to rise above $68,000, at which point investors could consider entering with a target of $75,000. Any entry before that level would be akin to “catching a falling knife,” as the market direction could go either way.
The analyst warns that if the monthly fair value gap on the chart is disrespected, Bitcoin could drop to $42,000 before reaching $75,000. In such a scenario, holding altcoins becomes a significant risk, and some altcoins could potentially drop another 40-60%. Even if Bitcoin eventually reaches $75,000, investors may barely break even.
Potential Risks and Catalysts: Blockchainedbb highlights that unless there is a resolution to the ongoing geopolitical conflicts or the situation is brought under control, the chances of further downside remain high. Additionally, as crypto markets operate on weekends while other markets are closed, any negative reactions in gold, oil, or the S&P 500 could drag Bitcoin lower.
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Show more +Show less –
Despite the current challenges, the analyst does not foresee a full-blown bear market from this point on. As this is an election year, the analyst expects the government to take measures to boost the economy, such as quantitative easing or interest rate cuts, which could potentially lead to a market rebound starting in June.
Optimal Entry Point: Blockchainedbb advises against averaging down until Bitcoin demonstrates a bullish market structure shift, which could be signaled by a daily close above $68,000. Investors should consider their financial situations and the potential wait time required to break even and generate gains if Bitcoin loses the $53,000 support level.
The analyst’s analysis provides a comprehensive overview of the current market conditions and potential risks associated with buying Bitcoin at current levels. By highlighting the optimal entry point and potential catalysts for a market rebound, Blockchainedbb aims to equip investors and traders with the necessary insights to make informed decisions regarding their Bitcoin and altcoin holdings.
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The post Crypto Analyst Warns Against Buying Bitcoin Now, Identifies Better BTC Entry Level appeared first on CaptainAltcoin.
Cardano’s ADA Mimicking Its 2020 Cycle Pattern, Suggesting Potential 40x Price Surge After This H...
According to analyst Eilert, the price movements of Cardano (ADA) during the current market cycle are remarkably similar to its performance in 2020. This uncanny resemblance has led Eilert to speculate that ADA could potentially experience a massive price surge, mirroring the gains witnessed in the previous cycle.
Eilert highlights that at the 26-week mark of the 2020 cycle, Cardano experienced a price drop of 51.21%. Astonishingly, during the current cycle, ADA has seen a nearly identical drop of 50.72% at the same 26-week mark, suggesting a close pattern replication.
Testing Bull Market Support Band:In 2020, 25 weeks after Cardano’s trend reversal, the cryptocurrency retested the bull market support band before surging an impressive 4000% from that level. Remarkably, the current cycle is following a similar trajectory, with ADA once again testing the bull market support band 25 weeks post-reversal.
If Cardano continues to closely mimic its 2020 cycle pattern, Eilert implies that the cryptocurrency could potentially witness a staggering 40x price increase from its current levels. This projection is based on the assumption that ADA will follow a similar trajectory as the previous cycle, where it rallied 4000% after retesting the bull market support band.
The crypto markets are known for exhibiting recurring patterns and cycles, with assets often retracing similar price movements across different market cycles. Eilert’s analysis highlights the potential for Cardano to replicate its previous success, capitalizing on the apparent cyclical nature of crypto asset price movements.
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Show more +Show less –
While the similarities between Cardano’s current and past cycles are striking, it is important to note that past performance does not guarantee future results. Investors should conduct their own research, consider various market factors, and exercise caution when making investment decisions, as cryptocurrency markets are known for their volatility.
Eilert’s analysis has generated excitement among Cardano enthusiasts, as the potential for a 40x price surge would represent a monumental gain for the cryptocurrency. However, prudent investors will likely await further confirmation of the pattern before committing significant capital, as the crypto markets are often unpredictable and subject to various external influences.
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The post Cardano’s ADA Mimicking Its 2020 Cycle Pattern, Suggesting Potential 40x Price Surge After This Happens appeared first on CaptainAltcoin.
🔶 The Ultimate Bitcoin Ecosystem Map [Updated] With the Bitcoin halving approaching fast, the ecosystem is rapidly expanding. Discover the latest Bitcoin L2s, DeFi protocols, and infrastructure providers. Explore the most comprehensive Bitcoin ecosystem map ↓
@Stacks @naka_chain @build_on_bob @Liquid_BTC @mintlayer @rootstock_io @ZestProtocol @BTClayer2 @BadgerDAO Find out more about the Bitcoin L2 & DeFi Ecosystem ↓ https://t.co/vSXwT6vFn2
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