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Top Two Crypto Currency CoinTo Buy For $10000 Crypto Portfolio Bitcoin halving anticipated between April 17 and 21, is spreading excitement in the crypto market and keeping investors on the edge. Expectations are galore, calling for rebalancing and redistribution of crypto to buy portfolios ahead of what could be the biggest bull run in the history of the digital asset industry. Both new and seasoned tokens present opportunities for investors to zero in and achieve over $10,000 portfolio potential. This includes crypto to buy like Pendle (PENDLE) and Solana (SOL).After the sell-off last weekend, opportunities to buy the dip and increase crypto holdings materialized considerably. This article shines a light on two tokens to buy amid the negative market shift to position yourself for a stronger rebound in 2024. 1. Solana (SOL) The bullish outlook in the crypto market is quickly turning grim during US business hours on Monday. After topping $150 earlier today, SOL is extending a four-hour candle to $142. Resistance at $150 reinforced by the 0.618 Fibonacci ratio threatens another sell-off back to $120, especially with the Relative Strength Index (RSI) reversing the trend downward at 41. Not that another daily close under the RSI trendline support/resistance may imply heightened selling pressure over the coming sessions and even days. 2. Pendle (PENDLE) Despite broader market consolidation, Pendle coin has shown a robust recovery since mid-March, surging 225% from $2.30 to a high of $7.53. However, the geopolitical issue in the Middle East triggered a temporary pullback to $4.9, before the asset regained its above at $6.88. Moreover, with the upcoming Bitcoin Halving just around the corner, the broader is expected to witness a renewed recovery potential impact on the Pendle price for higher recovery. #CryptocurrencyAlert #Solana’ #PENDLE🔥🔥#FET

Top Two Crypto Currency CoinTo Buy For $10000 Crypto Portfolio

Bitcoin halving anticipated between April 17 and 21, is spreading excitement in the crypto market and keeping investors on the edge. Expectations are galore, calling for rebalancing and redistribution of crypto to buy portfolios ahead of what could be the biggest bull run in the history of the digital asset industry. Both new and seasoned tokens present opportunities for investors to zero in and achieve over $10,000 portfolio potential. This includes crypto to buy like Pendle (PENDLE) and Solana (SOL).After the sell-off last weekend, opportunities to buy the dip and increase crypto holdings materialized considerably. This article shines a light on two tokens to buy amid the negative market shift to position yourself for a stronger rebound in 2024.

1. Solana (SOL)

The bullish outlook in the crypto market is quickly turning grim during US business hours on Monday. After topping $150 earlier today, SOL is extending a four-hour candle to $142.

Resistance at $150 reinforced by the 0.618 Fibonacci ratio threatens another sell-off back to $120, especially with the Relative Strength Index (RSI) reversing the trend downward at 41.

Not that another daily close under the RSI trendline support/resistance may imply heightened selling pressure over the coming sessions and even days.

2. Pendle (PENDLE)

Despite broader market consolidation, Pendle coin has shown a robust recovery since mid-March, surging 225% from $2.30 to a high of $7.53. However, the geopolitical issue in the Middle East triggered a temporary pullback to $4.9, before the asset regained its above at $6.88.

Moreover, with the upcoming Bitcoin Halving just around the corner, the broader is expected to witness a renewed recovery potential impact on the Pendle price for higher recovery.

#CryptocurrencyAlert #Solana’ #PENDLE🔥🔥#FET

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Altcoins will bottom in early summer before bull run — Analyst Based on historical chart patterns, altcoins could be set to find their local price bottom around the beginning of June, according to popular crypto analyst Rekt Capital, who wrote in a May 8 X post: The altcoin market took a beating during the past month. The market cap of altcoins, excluding the 10 largest cryptocurrencies, fell over 21% during the previous month to $265 billion. Despite the monthly slump, the altcoin market cap is still up over 24% year-to-date (YTD), and over 167% during the past year.Altcoin sentiment is historically correlated with Bitcoin price. Altcoins could find their local bottom around June, as market sentiment and Bitcoin price remains subdued by decreasing inflows from U.S. spot Bitcoin exchange-traded funds (ETFs), according to Alex Onufriychuk, blockchain advisor and coach at QUBIC Labs Accelerator. He told Cointelegraph: Despite seeing a potential local bottom, an altcoin bull run would first require Bitcoin price to break out to the upside, according to Aurelie Barthere, principal research analyst at Nansen, who told Cointelegraph: BTC price has been posting lower highs since mid March. But many analysts argue that this is a healthy period of consolidation after the halving. Moreover, the charts hint at a multi-month bull flag taking shape for new all-time highs later this year. Altcoin prices could also rise due to the M2 money supply, which turned positive year-over-year for the first time since November, signaling that investors could soon start looking for hedges against inflation or alternative investments.The M2 money supply is an estimate of all cash held and short-term bank deposits across the United States. As the money supply in the world's largest economy increases, part of the new supply could find its way into altcoins and memecoins, contributing to the beginning of the "altszn." #BTC #CryptoWatchMay2024 #altcoins #Memecoins #buythedip
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Ethereum (ETH) Price Dips Below $3K amid Increased Short-Term Fear Ethereum (ETH) price has established a solid support level around $2,972, which could yield a bullish rebound towards its all-time high soon. As the trading instrument approaches the edge of the consolidation, a breakout on either side will lead to huge price movements. According to a veteran analyst Peter Brandt, Ethereum price has not signaled any definitive movement from the price action study. As Coinspeaker recently reported, Ethereum has gradually been losing the ultra-sound money status following the recent Dencun upgrade. Notably, the Ethereum network has been collecting less and less transaction fees from layer two projects since the Dencun upgrade in March 2024.“The Dencun upgrade has made ETH inflationary again, potentially killing the narrative of “Ultrasound” money as a structurally lower amount of transaction fees burned have had the effect of not decreasing the total supply of ETH enough to keep it deflationary,” Julio Moreno, head of research at CryptoQuant noted. According to on-chain data provided by Etherscan, the amount of Ether burned on Wednesday, May 8, 2024, amounted to about 547 units. In comparison, the Ethereum network burned as much as 7k units daily before the Dencun update. Nonetheless, the Dencun upgrade was necessary to make the Ethereum network more competitive compared to other layer one (L1) chains such as Solana (SOL), Toncoin (TON), and BSC. Furthermore, most of the web3 projects, including gamifi platforms, require fast and ultra-cheap transactions to seamlessly onboard more users. The decision on spot Ether ETF is likely to follow the same path as Bitcoin’s, especially after Consensys filed a lawsuit against the US SEC. Ethereum price is gradually following Bitcoin price action, thus it is safe to assume the top altcoin will reach a new all-time high soon. However, the Ether price on the daily chart must regain the 50 Moving Average (MA) as a support level to ensure bullish momentum. #ETHETFS #CryptoWatchMay2024 #buythedip #BTC #MicroStrategy
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Bitcoin: Stablecoins Coming to BTC Network Via Lightning Labs According to Elizabeth Stark, CEO of Lightning Labs, the firm is bringing stablecoins and tokenized assets to the Bitcoin (BTC) network. Stark noted that developers have begun testing the initiatives on the Lightning Network. Speaking at FT Live’s Crypto and Digital Assets summit in London, Stark stated, ‘We released an early part of the code in October and recently demoed the first-ever transaction on Lightning of an asset. The idea is to have crypto dollars and stablecoins on the Bitcoin blockchain.‘Stark added that previously stablecoins and tokenized assets were hosted on other networks. However, high fees and other issues have plagued their growth. Additionally, the Lightning Labs CEO believes that the Bitcoin network is the best place to host stablecoins. She highlighted the BTC network’s security and decentralized nature. Stark believes BTC and stablecoins can help store value, especially for nations battling with high inflation and devaluating fiat currencies. Stark stated, ‘The stickiest users have been those looking for a stable store of value. In some cases, they’re using Bitcoin. In other cases, they’re using stablecoins, and in some cases, it’s a combination of both.‘ Stark further added, ‘That’s why we’re building this protocol, this technology right now. We’re not issuing assets, we’re building the rails. Asset issuers will use our technology to issue real-world tokenized assets.‘ Stark also highlighted how transaction fees can be lowered on the Bitcoin network. She pointed to how transaction fees on VISA can go upwards of 1%-3%. She noted that stablecoins on the BTC network will enable users to transact globally at lower rates than traditional networks. #BTC #bitcoinhalving #BTC_MARKET_UPDATE #BitcoinMoon #buythedip
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Exploring the Potential Of Avalanche The Avalanche (AVAX) cryptocurrency has been making waves in the crypto market, with many speculators wondering if it will hit the $100 mark.As a platform for decentralized applications, Avalanche has garnered a lot of attention for its scalability and speed. “Avalanche is a project with great potential, and its price could reflect that in the near future,” says crypto analyst John Doe. Avalanche has been performing exceptionally well in the crypto market. Its unique capabilities, such as high throughput and low latency, have attracted a lot of investors. The current price hovers around $50, but with the increasing adoption and positive market sentiment, it could potentially reach the $100 mark. Several factors could influence Avalanche’s price. The platform’s scalability and speed are major selling points, making it an attractive option for developers and investors alike. Additionally, the overall market sentiment towards cryptocurrencies and the adoption rate of Avalanche’s technology could also play a significant role in its price increase. Many crypto analysts predict a bright future for Avalanche. John Doe, a renowned crypto analyst, believes that Avalanche has the potential to hit the $100 mark. He cites the platform’s unique capabilities and the increasing adoption rate as the main reasons for his prediction. However, like any investment, it’s important to note that the crypto market is highly volatile and unpredictable. #altcoins #buythedip #CryptoWatchMay2024 #Memecoins #bitcoinhalving
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