Altcoin
Top Altcoins to Watch for Rally as Weekly Inflows for Ethereum Reach Over $30 Million
Within the list of promising altcoins, analysts have taken a look at some of the most interesting altcoins that have the potential to rise significantly following the major moment when Ethereum weekly flows reached 34 million of dollars.
These major altcoins include KangaMoon, Uniswap, Stacks, Celestia, and Ethereum itself. Let’s find out more.
KangaMoon enters the list of promising altcoins
After surging 400% in response to notable trader appeal, KangaMoon (KANG) has seen rapid price growth because it cleverly combines two essential components: addictive gameplay with Play-to-Earn (P2E) mechanics that can reward participants to its ecosystem and Social-Fi features that have the potential to expand social media engagement.
This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.
Unlike most competing projects, KANG provides significant features as its ecosystem offers players an interesting reward system. Players can participate in exciting tournaments and battles within the game, as well as actively engage in social media activities, which give them the opportunity to earn tokens. This encourages social media and gaming to have a dynamic relationship, leading to the organic growth of KANG.
Not only do KANG’s distinctive features make it a serious contender in the altcoin market, but it has also attracted 33,000 users and raised over $8 million in revenue. The altcoin’s price recently increased from $0.005 in the initial pre-sale phase to $0.025 in the bonus pre-sale phase, with analysts estimating that the revenue raised could reach $9 million by the end of the month.
With the altcoin now available on CoinMarketCap and CoinGecko, which promote transparency and facilitate investor due diligence, developers expect a 100x increase in KangaMoon’s price. It will also soon be listed on the major centralized exchange BitMart.
Ethereum Price Rises Amid Trades Launched by Large Investors (Whales)
Encouraged by recent actions taken by the Securities and Exchange Commission on Ethereum, Ethereum is approaching the $4,000 mark. There is much speculation that Ethereum’s price movement could mimic that of Bitcoin, which has seen a significant recovery following the approval of spot BTC Exchange Traded Funds (ETFs). Significant whale activity was triggered by the launch of new Ethereum ETFs, which further accelerated the appreciation of the Ethereum altcoin.
When Ethereum was trading at $3, in June 814, analytics platform SpotOnChain shared publication in X, revealing that a whale had transferred 7,000 ETH, or approximately $26.7 million, to Binance. With a history of pocketing profits in bear markets and reinvesting in bull markets, this whale now owns 36,785 ETH, worth approximately $141 million. Commercial activities generated a profit of approximately $76.6 million, representing growth of 57.9%.
Uniswap price is rising
Especially after the 118% increase. the previous one This year, the Uniswap coin has repeatedly demonstrated its dominance among altcoins. Furthermore, Uniswap’s monthly price increase of over 37% further highlights the bullish nature of the Uniswap coin. At the same time, Uniswap has established itself in recent times due to its resilience in the current market volatility.
Uniswap uses a complex algorithm in its network to ensure users have a comfortable trading experience. It offers excellent DeFi solutions, hoping to build a welcoming environment where users can trade safely and openly. As seen from the growing trading volume and trader interest, this has increased its appeal in the cryptocurrency market.
Stacked Price Chart Analysis
Stacks coin has slowly but surely gained popularity since its introduction in 2017. Since its open source blockchain network allows for the construction of smart contracts, it is a breath of fresh air for the Bitcoin network. Furthermore, Stacks coin is considered to be a very valuable token available due to its focus on asset security and scalability.
Stacks has achieved a number of notable results; in the year preceding the token if increase by 240% as seen in the price graph. Fluctuating stack trading volume and declining trader interest in the token are indicators of this decline. However, Stacks is still very present in the market, and analysts cite its past successes.
Celestia’s price goes up
Celestia (TIA) is considered a fast-rising altcoin due to its exceptional performance in the cryptocurrency market. The Celestia Coin is here increased by more than 400% in the last year, showing promising results. Celestia’s pursuit of prosperity in the cryptocurrency industry was demonstrated by the 4% increase in Celestia’s price in the previous month.
Celestia has continued to move in a very positive direction on this mission, attracting interest from traders and cryptocurrency enthusiasts. Analysts predict that the Celestia coin can still reach its all-time high as long as it maintains its bullish trend.
Will KangaMoon outperform other altcoins?
Although charts show that many other altcoins are bullish and have the potential to grow at a pace that will reach new heights, supporters of the project believe that investing in KangaMoon can bring a return on investment. In addition to the 400% increase already achieved, its listing on BitMart will make it much easier to obtain and make it more widely available, attracting a larger pool of investors and potentially increasing its value.
Discover exciting KangaMoon (KANG) presale opportunities today!
Website: https://Kangamoon.com/
Join their Telegram community: https://t.me/Kangamoonofficial
This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.
Altcoin
Top 3 Ethereum-Based Altcoins 3 Times
Despite the increasing selling pressure in the cryptocurrency market, mid-cap and small-cap altcoins have seen an increase in buying sentiment. This indicates a shift in interest among users towards these cryptocurrency tokens.
Are you thinking of investing in ETH-based altcoins for the next AltSeason?
Scroll down because in this article we have covered the top three Ethereum-based altcoins that have the potential to see a huge uptrend in their respective portfolios in the near future.
Safe Price Analysis (SAFE):
Despite the growing bearish sentiment in the cryptocurrency market, SAFE price has seen bullish price action for the third consecutive day, highlighting the increased price action for the altcoin in the market. Furthermore, it is currently trading at a discount of 76.3% from its ATH of $4.01.
TradingView: SAFE/USDT
The technical indicator, MACD, shows a steady decline in the red histogram, highlighting an increase in bullish sentiment in the cryptocurrency market. In addition, the averages show a potential bullish convergence, suggesting a high possibility of a positive reversal.
If the bulls continue to gain momentum, SAFE coin price will prepare to test its resistance level of $1,450. On the contrary, a bearish action could send this altcoin crashing towards a new all-time low (ATL).
Aethir (ATH) Price Analysis:
Aethir price has seen a bullish price action adding over 10% to its portfolio with a trading volume of $40.126 million despite a bearish cloud over the cryptocurrency space. Notably, with a market cap of $292.916 million, this altcoin has secured the 216th position in the global cryptocurrency list.
TradingView: ATH/USDT
The MACD indicator has been showing a steady rise in the green histogram. However, its RSI has been showing a strong bearish curve in the 1D time frame. This suggests mixed sentiment for the ATH price in the cryptocurrency market.
If the market holds Aethir price above its important support level of $0.07050, the bulls will gain momentum and prepare to test its upper resistance level of $0.08415. On the contrary, if the bears overpower the bulls, this altcoin will prepare to test its low of $0.06435.
Neiro Ethereum (NIERO) Price Analysis:
Built on the Ethereum chain, Neiro Ethereum is a project that has a total supply of only 1 billion tokens. Positively, it has no buy/sell fees or team tokens for governance or community approach. It operates on its own and promotes itself as the next big opportunity in the cryptocurrency world.
With a trading price of $0.1852 and a total supply of 1 billion tokens, it has successfully secured the 234th position in the global cryptocurrency ranking, with a market capitalization of $185.446 million.
Notably, it is up 53.86% over the past day with a trading volume of $36.64 million, a decline of 7.68%. Furthermore, it is up about 1,200% since its inception, highlighting a strong bullish outlook for the altcoin in the near future.
Altcoin
Top 6 Altcoins Set for Explosive Rally Before 2025
The cryptocurrency market is on the verge of significant change as we approach 2025. The Altcoin Daily Analyst Austin predicts that any changes in monetary policy could trigger a strong rally in altcoins, especially with a possible turn in the Federal Reserve’s benchmark interest rate expected in September.
This pivot could drive explosive growth in the cryptocurrency market, benefiting Ethereum, Solana, and several promising new altcoins. Here are some altcoins ranging from under $1 to $2 that can give you the highest returns in the current market crash.
We are excited, are you? Let’s dive in!
Top 6 Cryptocurrencies to Watch
Aethir: The Decentralized GPU Marketplace
Aethir is positioning itself as a leader in decentralized cloud infrastructure for gaming and AI. With over $36 million in annual recurring revenue, Aethir is addressing the growing demand for GPU computing driven by major tech companies like Google and Microsoft. Its decentralized infrastructure leverages underutilized GPUs, making it a key player in the burgeoning tech industry. The current price is $0.07176.
Ondo: The Best Bet in the RWA Sector
Next up is Ondo, whose real-world asset protocols are changing the tokenization of financial assets. With an annual dividend of 5.3% USDY, ONDO is the governance token for the Ondo DAO and Flux Finance. This token has seen strong demand, demonstrated by consistent investor buy-ins. Recently, ONDO’s price has dropped 35% in two months, forming a triangle pattern that suggests a breakout. Rising OTC holdings and reduced selling pressure suggest a bullish outlook. The current price is $0.9251.
Lukso: Blockchain for Creators and Social Media
Lukso’s social and cultural blockchain unites creators, brands, and users. An Ethereum doppelganger, Lukso adds Universal Profiles and gas-free transactions to blockchain usage. Its creative strategy and strong leadership make it a blockchain mass adoption project to watch. Current price is $1.71.
AIT Protocol: Decentralized AI Data Annotation
The AIT Protocol addresses the need for decentralized work in AI data annotation. Uniquely, the AIT Protocol connects human trainers with AI model owners to improve AI models through a decentralized marketplace. However, its adoption in Asia and strategic investments suggest that it could disrupt AI. The current price is $0.1169.
Foxy (Line): Meme coin with level 2 potential
Foxy, a meme coin for Linea Layer 2 Ethereum scaling, has an endorsement from ConsenSys. Foxy stands out in Ethereum Layer 2 due to Linea’s MetaMask integration and fast transactions. Additionally, Linea adoption and reduced transaction costs are influencing its growth. The current price is $0.01116.
Off the Grid: Emerging Altcoin for Gaming
Lastly, on the list is Off The Grid, developed by Godzilla. This highly anticipated AAA game promises to make waves in the crypto gaming industry. Although it hasn’t launched yet, positive feedback from industry experts supports its potential success.
Infrastructure projects like Immutable and specific games like Xers and Star Heroes are also worth considering for those interested in crypto gaming.
Altcoin
Top Analyst Admits He Ignored XRP For Years, But Now Finds XRP Chart Very Interesting
Scott Melker, host of The Wolf of All Streets podcast, said he hadn’t paid attention to XRP charts for a while, but now finds them intriguing.
Melker revealed this in a recent send after analyzing XRP’s pattern on the weekly timeframe. He shared a chart that suggests XRP is on track to break out of a significant resistance channel.
While acknowledging that a rejection is likely, Melker noted that a subsequent breakout is on the horizon. Furthermore, the analyst emphasized that regardless of an individual’s perception of XRP and its performance, this upcoming price action is worth keeping an eye on.
Notably, Melker’s latest analysis on XRP comes as the asset has outperformed the broader bear market, which staged a solitary comeback while others fell. XRP surged more than 10% on Wednesday, briefly emerging as the day’s best-performing cryptocurrency among the top 100.
This development has triggered renewed interest in XRPeven among market observers like Melker and Ali Martinez, who rarely comment on XRP’s price action.
XRP Resistance Levels to Watch
In his latest commentary, Melker identified immediate resistance levels that XRP must overcome on its climb to higher prices. These levels include $0.75 and $0.93, which XRP must overcome to reach $1, with additional barriers at $1.3 and $1.9.
Scott Melker’s XRP Chart
Interestingly, for the immediate barrier of $0.75, Melker is not the only analyst to emphasize its importance before aiming higher. Analyst “Crypto Adict” also commented on this level yesterday, urging caution versus ambitious goals like $100 when there are more immediate challenges.
The impact of this resistance level was evident in March when XRP rose to $0.744 in one day but he was unable to continue his ascent.
In his analysis, Ali Martinez echoed Melker’s sentiment by highlighting the $0.93 price level as a significant hurdle. Martinez stressed out that once XRP breaks above this level, it will effectively end its nearly seven-year downtrend, opening the door to higher highs.
At press time, XRP is back just above $0.60 after hitting $0.6556 yesterday, reflecting an 8% decline in the past 24 hours. Notably, XRP’s uptrend has been interrupted by Bitcoin’s volatility, as the leading asset fell back to the $63K range yesterday.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Altcoin
Dogecoin (DOGE), ETFSwap (ETFS), and Shiba Inu (SHIB) are poised to lead the altcoin rally in a big way
Dogecoin (DOGE): Altcoin Rises From Meme Origins to Market Rally’s Top Spotlight
Dogecoin (DOGE), initially launched in 2013 as a “joke currency” based on a popular Shiba Inu meme, is now positioned to lead a major altcoin rally. Despite its humorous origins, Dogecoin is gaining popularity among investors due to its platform utilities, including transaction speed and payment methods. Currently, Dogecoin (DOGE) is trade at around $9,139, a recovery followed by a weekly low of $0.11.
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