Case Dropped Against Ethereum: Five Altcoins That Could Be Heading to the Moon in the Coming Days
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The post Case Dropped Against Ethereum: Five Altcoins That Could Be Heading To The Moon In The Coming Days appeared first on Coinpedia Fintech News
In a time when the altcoin market is fighting for survival, the market has witnessed one of the biggest news of recent times. After weeks of investigations, the United States Securities and Exchange Commission has closed its investigation on Ethereum. The news, which was broken by Consensys via a tweet on X has generated excitement with analysts projecting massive rallies in the coming weeks.
Meanwhile, analysts have identified top altcoins that could be heading to the moon based on recent news. Among the experts’ picks of top altcoins to buy now are Angry Pepe Fork, Ethereum, Optimism, Binance Coin, and Render. Let’s see why you need to buy these tokens now.
Angry Pepe Fork Price Projected for 20X Rallies In Q3
With Solana-based meme coins among the top gainers in the year, analysts have identified a new Solana meme coin that could return 20x in Q3. The new altcoin, Angry Pepe Fork, is a community-driven project built to reward users for participating in various challenges. Using its unique conquer-to-earn model, Angry Pepe Fork will reward the individuals who form armies to defect zombie meme coins.
These rewards are in the form of staking. Unlike other projects, where the staking feature comes at the end of the presale, the Angry Pepe Fork staking dApp will be live at the presale, giving individuals the opportunity to stake their tokens for maximum returns. The ecosystem is designed such that as more zombie meme coins are conquered, the APORK army’s APY increases.
Individuals are not also left behind, as they are rewarded for showcasing their prowess on the battlefield while becoming highly decorated members of the APORK community. Outside of playing games, there are various avenues to earn, such as participating in various community activities. The ecosystem recently joined the $50K USDT prize pool summer event hosted by TaskOnCampaigns.
Users who complete a series of challenges, such as following Angry Pepe Fork on various social media pages, stand to get rewarded. Meanwhile, the APORK token is sold for just $0.014. Having raised over $158,000 within a few days, analysts believe that APORK is one of the top altcoins to buy now. With only a 1.9B total supply, its scarcity is imminent, making it one of the best altcoins to buy before its launch.
Ethereum Price Prediction – How High Can Ether Go In Q3?
Ethereum is a decentralized open-source blockchain network that allows for the execution of smart contracts. It is one of the altcoins that have been in the news for the past weeks, from the news of the Ethereum EFT approval to the ongoing investigation by the US SEC.
Meanwhile, after weeks of debate, the SEC has closed its case with Ethereum, and Ether ETF trading is projected to start within the next three weeks. As such, Ethereum is one of the top altcoins projected to experience massive rallies in Q3. CoinMarketCap data shows that the altcoin has reestablished support above the $3500 mark after the recent market downturn.
Crypto analyst Titan of Crypto believes that the Ethereum recovery phase is almost over, and a rally is imminent. At the same time, another top crypto analyst, Ali Martinez, observed an increasing surge in Ethereum social media mentions, which shows investors’ confidence in the altcoin. With the Ether ETF set for trading in the coming weeks, Ethereum’s price may hit $5K in Q3, putting it on our list of altcoins to buy.
Optimism Price Analysis — Bullish Rally Imminent
Optimism is a layer 2 protocol and smart contract platform built on top of Ethereum that allows for lost-cost transactions. Having battled the bear trend for weeks, the altcoin is showing visible signs of a rebound. This is proven by the increasing Optimism trading volume which is seeing over $200M daily trading activity. However, the Optimism market cap remains a source of concern as it struggles to remain afloat at $2B.
Zooming in, the Optimism technical analysis suggests the token is still in the downtrend with the market sentiment bearish. Also, Optimism is trading below the 50-day and 200-day EMA, with just 10 green days in the past month. Other key market indicators, such as the MACD and Ichimoku Cloud remain neutral.
However, a crypto analyst, Crypto Girl, observed that Optimism has formed another triangle inside the ascending channel on the higher timeframe. The analyst believes a breakout above the descending resistance zone could trigger massive rallies with a $5 target. With the bull run upcoming, OP is one of the top altcoins to watch out for.
Binance Coin Price Prediction — Can It Retest The ATH?
BNB is the native token of Binance, the world’s largest crypto exchange. Despite facing legal challenges in the past few months, which saw the founder, CZ, convicted and sent to prison, the BNB token has remained resilient.
CoinMarketCap data shows that the BNB price has rallied massively in the past few weeks, setting a new all-time high of $720 on June 6. However, the BNB token has retraced since then, dropping below the $600 mark in the past few days. Meanwhile, the market is witnessing a rebound, with the BNB trading volume increasing. With the upcoming altcoin season, BNB might hit $1000 in Q3.
In another development, Binance is set to reward its most loyal BNB token holders with airdrops for holding the token for a long time. According to the exchange co-founder, Yi, users who hold BNB for a long time will receive benefits and Hodlers projects will be distributed to BNB holders.
Render Price Projected For A Massive Rally In July
Render, a distributed GPU rendering network that allows digital creators to leverage underutilized computing powers, is another promising altcoin worth investing in. In the YTD price metrics, the Render price has surged by over 220%, pushing the market cap from $1B to over $2.8B in the past months.
However, the recent market correction has depleted the Render token with the price plummeting by 33% and 10% in the past month and week, respectively. Although the Render market cap and trading volume are down, analysts remain optimistic of a resurgence soon. Crypto analyst, Doc Crypto believes that once Ethereum ETF starts trading, Render price will boom again. As such, most of the Render price prediction project a retest of the $13.60 ATH in July.
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Conclusion
With altcoin season on the way, now is the best opportunity to accumulate altcoins with bullish potential. The above are some of the altcoins to buy now ahead of the market rally. Although in presale, APORK’s strict 1.9B total supply makes it more attractive as it is set to follow the Bitcoin trajectory. As such, investment in APORK could yield up to 20x before the end of 2024. $ETH $BTC #Write2Earn! #ETHETFsApproved
