ALTCOINS
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Dive into the diverse world of alternative cryptocurrencies with #altcoins! This space is not just about Bitcoin; it's a vibrant community teeming with innovation and opportunities. Whether you're interested in Ethereum's latest upgrades, the utility of Chainlink, or the potential of emerging tokens, there's always something new to explore. Join the conversation to share your experiences, get tips on altcoin trading, and discuss the latest technological advancements and market trends.
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Cryptocurrency Market Correction Impacts Altcoin Investors, Meme Coin Holders Fare Better
According to CryptoPotato, the recent cryptocurrency market correction has primarily impacted altcoin investors, with many experiencing losses. However, meme coin investors, such as those in Dogecoin (DOGE) and Shiba Inu (SHIB), are comparatively better off, with fewer holders facing losses due to earlier price increases.
Despite a promising start to the year and last month's Bitcoin (BTC) halving, the cryptocurrency market has been undergoing a severe correction. The price of the primary cryptocurrency has fallen 10% over a week, dropping below the $60K mark. Other leading digital assets, including Ethereum (ETH), Solana (SOL), and Ripple (XRP), are also significantly in the red.
Market intelligence platform IntoTheBlock outlined the ten cryptocurrency projects with the most holders currently experiencing paper losses. Algorand (ALGO) investors topped the list, with 91% of investors being underwater. The Sandbox (SAND) and Arbitrum (ARB) followed, with over 80% of holders in the red. Cardano (ADA) and Uniswap (UNI) investors also faced losses of 60% and 52% respectively.
However, IntoTheBlock suggested that these assets could offer 'great opportunities' if they demonstrate strong fundamentals and signs of on-chain activity and growth.
Interestingly, the list does not include any meme coins. According to IntoTheBlock, only 18% of Dogecoin (DOGE) holders and almost 40% of Shiba Inu (SHIB) investors are currently experiencing paper losses. The majority of those who have invested in Pepe (PEPE) and Floki Inu (FLOKI) are also in the green. This is due to the substantial price increases many of these assets experienced in the months prior to the current correction. This is a stark contrast to September of the previous year when almost 90% of SHIB holders and 42% of DOGE investors were at a loss.
Despite a promising start to the year and last month's Bitcoin (BTC) halving, the cryptocurrency market has been undergoing a severe correction. The price of the primary cryptocurrency has fallen 10% over a week, dropping below the $60K mark. Other leading digital assets, including Ethereum (ETH), Solana (SOL), and Ripple (XRP), are also significantly in the red.
Market intelligence platform IntoTheBlock outlined the ten cryptocurrency projects with the most holders currently experiencing paper losses. Algorand (ALGO) investors topped the list, with 91% of investors being underwater. The Sandbox (SAND) and Arbitrum (ARB) followed, with over 80% of holders in the red. Cardano (ADA) and Uniswap (UNI) investors also faced losses of 60% and 52% respectively.
However, IntoTheBlock suggested that these assets could offer 'great opportunities' if they demonstrate strong fundamentals and signs of on-chain activity and growth.
Interestingly, the list does not include any meme coins. According to IntoTheBlock, only 18% of Dogecoin (DOGE) holders and almost 40% of Shiba Inu (SHIB) investors are currently experiencing paper losses. The majority of those who have invested in Pepe (PEPE) and Floki Inu (FLOKI) are also in the green. This is due to the substantial price increases many of these assets experienced in the months prior to the current correction. This is a stark contrast to September of the previous year when almost 90% of SHIB holders and 42% of DOGE investors were at a loss.
Whoa, yesterday's BTC dip was rough! But guess what? $OM held its ground much better, even outperforming #Bitcoin itself.
Could #RWA tokenization be a hedge against volatility?
Thoughts?
#BTC #MarketNews #ALTCOINS
Could #RWA tokenization be a hedge against volatility?
Thoughts?
#BTC #MarketNews #ALTCOINS
$FET $OCEAN $AGIX
#FET has been exhibiting a strong performance, breaking past resistance levels and is now on the cusp of overcoming another. With an impressive gain of approximately 61% over just three days, FET’s momentum is noteworthy. The anticipation surrounding an upcoming merger is likely to further bolster its performance will be called #ASI . Investors and holders of FET are watching closely as these developments unfold, signaling potential for continued growth.
#ALTCOINS #CryptoPCEWatch #MtGoxJulyRepayments
#FET has been exhibiting a strong performance, breaking past resistance levels and is now on the cusp of overcoming another. With an impressive gain of approximately 61% over just three days, FET’s momentum is noteworthy. The anticipation surrounding an upcoming merger is likely to further bolster its performance will be called #ASI . Investors and holders of FET are watching closely as these developments unfold, signaling potential for continued growth.
#ALTCOINS #CryptoPCEWatch #MtGoxJulyRepayments
$LISTA URGENT UPDATES
Trading Range: LISTA is currently trading between $0.54 and $0.655.
Potential Target: There is anticipation to see if it can reach around $0.85.
Market Launch: Being a new coin recently launched on Binance, it has attracted considerable investor interest.
Demand vs. Supply: The current demand for LISTA is high relative to its supply, which could influence its price movement.
#LISTA #Megadrop #BinanceTournament #ALTCOINS #CryptoPCEWatch
Trading Range: LISTA is currently trading between $0.54 and $0.655.
Potential Target: There is anticipation to see if it can reach around $0.85.
Market Launch: Being a new coin recently launched on Binance, it has attracted considerable investor interest.
Demand vs. Supply: The current demand for LISTA is high relative to its supply, which could influence its price movement.
#LISTA #Megadrop #BinanceTournament #ALTCOINS #CryptoPCEWatch
🔴 $IO UPDATE🔴
Current Trading Price: IO is trading above $3.63.Support Level: The current support is around $3.12, which is crucial for maintaining the uptrend.
Price Action: IO is making a higher low and a new lower low, indicating a potential shift in market sentiment.
Key Resistance: For an upward trajectory, IO needs to break the resistance around $4.00.Market Watch: It’s essential to monitor how IO interacts with these levels to determine its major position.
$IO
#IO #BinanceTournament #BTC #MicroStrategy #ALTCOINS
.
Current Trading Price: IO is trading above $3.63.Support Level: The current support is around $3.12, which is crucial for maintaining the uptrend.
Price Action: IO is making a higher low and a new lower low, indicating a potential shift in market sentiment.
Key Resistance: For an upward trajectory, IO needs to break the resistance around $4.00.Market Watch: It’s essential to monitor how IO interacts with these levels to determine its major position.
$IO
#IO #BinanceTournament #BTC #MicroStrategy #ALTCOINS
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🔴 $IO A Tale of Loss and Caution 🔴
If you invested in IO during its launch, you might be experiencing a loss at this point. It’s unfortunate that many small investors who took the risk are now facing losses.
Like many other new coins launched in recent months, IO has seen significant volatility. If you’ve bought in spot, it’s okay to buy again after every few percent drop as per the strategy known as Dollar-Cost Averaging (DCA). However, in futures, avoid averaging as it could lead to significant capital loss. In fact, millions have been liquidated recently due to averaging.
The current crypto market conditions are challenging, and it doesn’t seem like it will improve soon. Under these circumstances, it’s hoped that the owners of IO and the whales will give it a chance to showcase its potential. However, if the crypto market crashes further, expect a further dip in $IO
#IO #BinanceTournament #BTC #MicroStrategy #ALTCOINS
.
If you invested in IO during its launch, you might be experiencing a loss at this point. It’s unfortunate that many small investors who took the risk are now facing losses.
Like many other new coins launched in recent months, IO has seen significant volatility. If you’ve bought in spot, it’s okay to buy again after every few percent drop as per the strategy known as Dollar-Cost Averaging (DCA). However, in futures, avoid averaging as it could lead to significant capital loss. In fact, millions have been liquidated recently due to averaging.
The current crypto market conditions are challenging, and it doesn’t seem like it will improve soon. Under these circumstances, it’s hoped that the owners of IO and the whales will give it a chance to showcase its potential. However, if the crypto market crashes further, expect a further dip in $IO
#IO #BinanceTournament #BTC #MicroStrategy #ALTCOINS
.
$LISTA
is currently holding support at 0.53, forming a long wick on the 1-hour and 4-hour time frames. If it breaks the resistance at 0.63, we might see further upside. However, considering the current market conditions, it's uncertain whether it will break through the significant resistance level. Anything can happen in the market, so caution is advised."
#LISTA #Megadrop #BinanceTournament #ALTCOINS #BTC
is currently holding support at 0.53, forming a long wick on the 1-hour and 4-hour time frames. If it breaks the resistance at 0.63, we might see further upside. However, considering the current market conditions, it's uncertain whether it will break through the significant resistance level. Anything can happen in the market, so caution is advised."
#LISTA #Megadrop #BinanceTournament #ALTCOINS #BTC
#Write2earn
SOL/ETH Ratio Hits Lowest Point Since March: Bearish Trends Dominate"
$SOL $ETH #SOLANA #ETHEREUM #ALTCOINS
Over the past month, the SOL/ETH ratio has plummeted by 35%, marking its lowest point since March. Analysts predicted that speculation around a spot ether (ETH) ETF would drive capital away from altcoins like Solana's SOL token and towards ether.
Market Reaction and Bearish Trend
As expected, the SOL/ETH ratio dropped significantly to 0.038 on Binance, the lowest level since mid-March. This sharp decline signals a bearish trend with potential further losses, according to crypto trader and analyst Josh Olszewicz.
Technical Analysis Insights
Olszewicz noted the SOL/ETH pair has breached the Ichimoku cloud support, a technical indicator signaling a bearish shift when prices drop below the cloud. Additionally, the failure of an ascending triangle pattern, typically a bullish signal, further supports the bearish outlook.
Potential for Temporary Recoveries
Despite the bearish sentiment, temporary recovery rallies could occur if significant outflows from the Grayscale Ethereum Trust happen, similar to the $6.5 billion outflows seen after the debut of spot bitcoin ETFs.
Future Prospects and ETF Developments
Olszewicz mentions Solana could gain interest if BlackRock applies for a SOL-linked ETF, though he considers this unlikely. He predicts the SOL/ETH ratio will continue to decline if the ETH ETF succeeds.
Conclusion
While short-term recoveries are possible, the broader trend for the SOL/ETH pair remains bearish. Keep an eye on ETF developments and market responses for further insights into this evolving scenario.
SOL/ETH Ratio Hits Lowest Point Since March: Bearish Trends Dominate"
$SOL $ETH #SOLANA #ETHEREUM #ALTCOINS
Over the past month, the SOL/ETH ratio has plummeted by 35%, marking its lowest point since March. Analysts predicted that speculation around a spot ether (ETH) ETF would drive capital away from altcoins like Solana's SOL token and towards ether.
Market Reaction and Bearish Trend
As expected, the SOL/ETH ratio dropped significantly to 0.038 on Binance, the lowest level since mid-March. This sharp decline signals a bearish trend with potential further losses, according to crypto trader and analyst Josh Olszewicz.
Technical Analysis Insights
Olszewicz noted the SOL/ETH pair has breached the Ichimoku cloud support, a technical indicator signaling a bearish shift when prices drop below the cloud. Additionally, the failure of an ascending triangle pattern, typically a bullish signal, further supports the bearish outlook.
Potential for Temporary Recoveries
Despite the bearish sentiment, temporary recovery rallies could occur if significant outflows from the Grayscale Ethereum Trust happen, similar to the $6.5 billion outflows seen after the debut of spot bitcoin ETFs.
Future Prospects and ETF Developments
Olszewicz mentions Solana could gain interest if BlackRock applies for a SOL-linked ETF, though he considers this unlikely. He predicts the SOL/ETH ratio will continue to decline if the ETH ETF succeeds.
Conclusion
While short-term recoveries are possible, the broader trend for the SOL/ETH pair remains bearish. Keep an eye on ETF developments and market responses for further insights into this evolving scenario.
USDT.DOM
$BTC $USDT #usdtdominnce #USDT
Looking bullish for #ALTCOINS We just need to fall off this cliff !
@RealObamaPump
$BTC $USDT #usdtdominnce #USDT
Looking bullish for #ALTCOINS We just need to fall off this cliff !
@RealObamaPump
#ALTCOINS
RECOVERY !!!!!!
After a huge and devastating dump a bit recovery is seen in the market , it is not definite that the market is going to bull all the way but it is a chance as the Altcoins showed the steady performance .
well, upcoming hours and days will clear the fence and try towards reversal ,
advised to watch market closely and never enter in the market in the odd timings without making research ,
be safe and do research before entry ...
#MARKETEQUILIBRIUM
RECOVERY !!!!!!
After a huge and devastating dump a bit recovery is seen in the market , it is not definite that the market is going to bull all the way but it is a chance as the Altcoins showed the steady performance .
well, upcoming hours and days will clear the fence and try towards reversal ,
advised to watch market closely and never enter in the market in the odd timings without making research ,
be safe and do research before entry ...
#MARKETEQUILIBRIUM
#ALTCOINS
What are the odds of Chainlink [LINK] crossing its near-term high this week
✓Chainlink reached quite a few milestones this week.
✓Stochastic was oversold, which was bullish, but other metrics were bearish.
What are the odds of Chainlink [LINK] crossing its near-term high this week
✓Chainlink reached quite a few milestones this week.
✓Stochastic was oversold, which was bullish, but other metrics were bearish.
The best thing for #Altcoins would be if Bitcoin rallies to 200k or Ethereum to 20k! 🤑🤑
#Binance #crypto2023 #ETH #ALTCOINS #CRYPTOFINDERCLUB
#Binance #crypto2023 #ETH #ALTCOINS #CRYPTOFINDERCLUB
Which #altcoins need to be hold for a long time, which #altcoins are you buying now
#crypto2023 #ALTCOINS #Binance #CRYPTOFINDERCLUB
#crypto2023 #ALTCOINS #Binance #CRYPTOFINDERCLUB
Altcoins will make you wealthy if you research well 🤑🤑🤑🚀🚀🚀
#Binance #crypto2023 #BNB #ALTCOINS #CRYPTOFINDERCLUB
#Binance #crypto2023 #BNB #ALTCOINS #CRYPTOFINDERCLUB