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Analyst Predicts These Cryptos To Rally In June

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5 months ago

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Altcoins are grabbing investors’ attention as the broader crypto market has shown positive momentum recently. Notably, with recent events like the approval of the U.S. Spot Bitcoin ETF, the Bitcoin halving, and the SEC’s nod to Spot Ethereum ETF, market sentiment appears strong.

However, despite that, altcoins have lagged behind Bitcoin’s dominance in recent weeks. Despite that, crypto analyst Capo Of Crypto predicts a promising June for several alt cryptos.

Analyst Predicts Altcoins Rally In June

Despite Bitcoin’s recent dominance, a well-known crypto analyst, known as Capo Of Crypto on X, believes altcoins are set for a resurgence in June. In a recent post, he expressed optimism, stating, “I think June could be a really good month for altcoins.” Notably, his prediction comes amid growing investor interest in alternative cryptocurrencies.

Meanwhile, the analyst highlights several altcoins that could see significant gains. Notably, his analysis suggests that most of the altcoins, while mentioning some specific sectors, are poised to benefit from the shifting market dynamics.

However, a user commented on his post seeking clarity over the reasons why altcoins have been lacking behind the Bitcoin rally recently. He also said that only some of the altcoins have shown positive momentum in recent days.

Addressing the users’ comments, Capo Of Crypto pointed to the impact of Bitcoin’s ETF approval. He explained the recent Bitcoin rally was mainly due to the optimism over the U.S. Spot Bitcoin ETF. For context, the Bitcoin ETFs have noted robust inflow for 18 consecutive days, gaining investors’ attention.

However, the analyst added that with the soaring optimism over the Ethereum ETF, the market can expect more investment into the altcoins sector. In other words, although the current focus on Bitcoin ETFs has overshadowed altcoins, this trend may reverse as investor interest diversifies.

Also Read: ECB Cuts Rate Signaling Crypto Rally Ahead, US Fed To Follow Suit?

Key Cryptos To Watch

Capo Of Crypto’s insights emphasize the potential for a broad altcoin rally, particularly in specific categories including AI coins, RWA tokens, meme coins, Ethereum, and Solana coins. Meanwhile, AI coins are on the investors’ radar lately, mainly due to the increasing demand and applications of the artificial intelligence (AI) sector. On the other hand, the RWA tokens, representing real-world assets on the blockchain, offer unique value propositions and could see increased interest from investors seeking diversification.

Simultaneously, meme coins, often driven by social media hype and community support, remain a volatile but potentially profitable segment. Over the past few days, the meme coin sector has gained notable traction, as evidenced by its robust performances.

On the other hand, the Ethereum ecosystem continues to evolve with ongoing developments in DeFi, NFTs, and layer-2 solutions. Besides, Solana, known for its high-speed blockchain, also presents opportunities for growth due to its expanding ecosystem and increasing adoption.

Meanwhile, with the recent positive outlook towards the altcoins sector, investors will keep a close watch on the performances of the altcoins. With the soaring optimism towards digital currencies, the analyst remarks indicate that altcoins will soon be a favorite investment sector for investors.

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Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Is Solana Price Set to Reach $600 in This Bull Market?

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38 mins ago

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November 12, 2024

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Solana has popularly become the go-to choice for several venture capitalists and hedge funds, with most believing it’s price could reach $600 in this bull market cycle.

In a recent Crypto Investment Manager Survey by MV Global, 76 venture allocators were asked, and almost a third of those who participated believed SOL could reach that mark.

Solana’s Bullish Run Continues: $600 Target in Sight

The last seven days have been a field day for gains within the top assets in the cryptocurrency market, especially Solana. Some coins surged past Bitcoin’s gains in the past week. Solana price is doing particulary great this week, up 34.7%, which is way higher than Bitcoin’s 7-day increase of 28.1%.

The cryptocurrency market experienced a massive inflow following Donald Trump’s victory in the 47th presidential election and also on crypto prediction markets. As Bitcoin price hit a new high of $88,933, most major altcoins recorded a renewed recovery. Thus, the Solana price recorded a sharp surge as well.

At the current price of $210.65, the token seems still well-positioned to go further upwards. A recent MV Global’s Q4 2024 Crypto Investment Manager Survey has placed the coin at a $600 value during this bull cycle.

The MV Global survey conducted responses from 76 prominent venture capital and hedge fund managers. The results of this survey have identified a few trends in the crypto market. Interestingly, 33% think Solana price will exceed $600 during this bull cycle, while another 23.2% say $600 is the limit. The rest of the participants believe that the SOL price will remain between $150-$300.

The token has been the best performer over the past 30 days, up 49.2%, against Bitcoin’s +40.6% and Ethereum’s +37.7%. According to the survey, this outperformance will continue because it has greater exposure to emerging sectors, including DePIN and meme coins.

A Closer Look at the Factors Driving the Surge

The study shows strong confidence in Solana’s potential. Seventy-five percent believe it could outperform crypto ETFs. Bitcoin dominates headlines, with predictions ranging from $100,000 to $150,000 this cycle. However, attention is shifting to altcoins like SOL and ETH. Investors are focusing on these assets as they rise in emerging sectors.

The survey suggests that the altcoin season will not be extensive, and the funds target few tokens. 43% of the participants showed confidence in tokens about AI. 14.3% of all participants liked DePIN tokens.

Meanwhile, 27.5% of participants were skeptical about gaming tokens’ growth. 24.6% showed no interest in Layer-2 tokens.

Most investors didn’t want to increase exposure to meme coins. Only 43% held any, and few invested over $10,000. The MV Global survey shows optimism in sectors like AI. However, it sounds cautious about others. The market is expected to peak in 2025.

Is SOL the Next Big Thing? Analysts Say Yes

These projections are relatively conservative compared to global investment bank Standard Chartered’s target of $200,000 for Bitcoin by the end of 2025 and  VanEck’s more optimistic forecast of $300,000.

In the case of Ethereum, the predictions are more mixed; one-third think its peak will be between $3,000 and $5,000, while another third believe it would go as high as $5,000 to $7,000. Despite the different outlooks,ETH  has solid institutional support and a core position in DeFi.

In conclusion, Bitcoin’s bullish outlook can be favored by a new US president’s liquidity growth from fiscal policies, but this will be after 16 to 24 months in the absence of time and quantum of inflow. The volatility in the broader crypto market will persist as investors reset expectations, with many expecting the market to peak in 2025.

As this cycle plays out, any growth from Solana will be closely tracked. A consensus is slowly building, and a trajectory of this kind will finally nail its position among the leading cryptocurrencies in the years to come.

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Teuta Franjkovic

Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries.

Starting her career in 2005 as a lifestyle writer for Cosmopolitan, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg.

Influenced by figures like Don and Alex Tapscott and Laura Shin, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions.

Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Cardano Price Hits Key Level, Analyst Predicts 32,120% Rally for Altcoin Poised to Outshine ADA

Published

2 hours ago

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November 12, 2024

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Recently, the Cardano price surged past a pivotal threshold, reigniting discussions about its potential. However, amidst this resurgence, analysts have turned their gaze toward an upcoming contender: RCO Finance (RCOF).

Predictions suggest that RCOF altcoin could deliver an astounding 32,120% rally, potentially eclipsing the Cardano price performance.

Cardano Price Resurgence: Breaking Through Key Resistance

The Cardano price has grown significantly, rising above $0.6 for the first time since July 2024. This is thanks to the rising network upgrades and increased ADA whale activity. 

Data show that Cardano has risen by 14% in large transactions within one day, which may reflect increased attention from major investors. Such movements are frequently observed before a significant increase in the price of an asset as institutional investors build up their stakes in ADA. 

Including DeFi and NFTs use cases in the Cardano (ADA) network has improved its functionality and value proposition. The recent entry into the crypto AI domain has also contributed to the Cardano price trend, with some expecting a massive use case for the altcoin.

RCO Finance: The New Challenger on the Horizon

While the recent Cardano price achievements are commendable, RCO Finance (RCOF) is emerging as a formidable contender.

Analysts are forecasting a staggering 32,120% rally for RCOF, a projection that, if realized, would significantly outshine ADA’s recent performance. This ambitious forecast is grounded in RCO Finance’s innovative approach to decentralized finance.

RCO Finance primarily aims to make institutional-level investment strategies available to retail investors through its AI-based robo advisor. This advanced tool employs ML to create investment strategies based on user preferences. 

Through its approach to breaking down complex financial markets, RCO Finance is suitable for any investor, whether a beginner or an expert. The robo advisor helps users make sound decisions, thus reducing the need for constant analysis and improving profitability. 

In addition to the robo advisor, RCO Finance offers users access to more than 120,000 assets in different categories, such as stocks, bonds, ETFs, and tokenized RWAs. This extensive range not only helps diversify but also allows users to leverage new market opportunities. 

RCOF’s leverage can go up to 1000:1, which increases the potential for gains and makes the platform suitable for those who want to maximize their stakes. The low transaction fees guarantee that users will be able to make the most of their gains without the additional cost being an issue. 

Another feature worth mentioning is the borderless debit card provided by RCO Finance. This card enables the holder to easily swap or exchange fiat money for crypto or any other form of value to make everyday purchases. 

Moreover, RCO Finance has no KYC system, focusing on users’ anonymity and avoiding the necessity to verify their identities. This feature attracts investors who prefer to keep their identities concealed when investing. 

It has also attracted attention for its security; all smart contracts are reviewed by SolidProof, making them reliable and trustworthy. This level of scrutiny provides an additional layer of reassurance for investors who want to participate in a new project in a highly risky area.

Join the Crypto AI Revolution: Invest in RCO Finance Today

Analysts predict it could mirror past Cardano price movements with the RCOF presale nearing its $5 million goal.  The deflationary model, burning unsold presale altcoins, creates scarcity that is poised to drive up RCOF’s value post-launch.

Currently priced at $0.0558 during Stage 3 of the presale, early adopters stand to gain significantly. Projections suggest an astonishing potential ROI of up to 1,000%, as the altcoin is anticipated to list at $0.6.

Investing in RCOF not only gives investors an opportunity to earn passive income through staking but also puts them in a position to be at the forefront of a financial revolution that seeks to bring complex trading techniques to the masses. 

Altcoin holders also benefit from lower trading fees and early access to new features within the platform.

Joining the presale is straightforward for those eager to participate in this transformative project. Simply visit the RCO Finance website, connect your wallet, and select the number of altcoins you wish to purchase.

With limited time remaining before prices increase further in subsequent stages, now is an opportune moment to invest in RCOF before it launches on major exchanges.

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community



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Will XRP Lawsuit Be Dismissed?

Published

3 hours ago

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November 12, 2024

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Ripple SEC Case: The crypto community calls for the dismissal of the long-running lawsuit and resignation of SEC Chair Gary Gensler. While former SEC lawyers have denied the odds of XRP lawsuit dismissal, Donald Trump-JD Vance administration’s policy changes and crypto regulatory clarity could help end the case.

Ripple CEO Brad Garlinghouse said he is expecting a resolution or end of the SEC lawsuit after Trump’s win. He also shared the first 100-day crypto checklist for Donald Trump, which included meeting campaign promises such as firing US SEC Chair Gary Gensler and crypto regulatory clarity.

Experts Weigh on Whether Ripple SEC Case Be Dismissed?

Ripple vs SEC lawsuit experts and lawyers have shared insights on case dismissal as President-elect Donald Trump plans major policy overhauls. The crypto industry is one of the biggest winners from Trump’s re-election to the White House as he promised crypto regulatory clarity.

David Schwartz, CTO at Ripple, blamed the U.S. Securities and Exchange Commission (SEC) for using the term “investment contract” to create chaos and confusion around securities law. He clears that the company is legally obligated to Ripple shareholders and not XRP holders. While Ripple can work around legal clarity around XRP and digital assets, the prices of digital assets don’t depend on the efforts of the company.

“The SEC has been treating all reasonable reliance as if it were a contract. They are often opposites. If you can reasonably rely on me to do something because it is in my own interests to do it, you don’t need a contract.”

Pro-XRP lawyer Bill Morgan pointed out that Judge Torres ruled programmatic sales of XRP by Ripple are not securities as it did not satisfy the third prong of the Howey test. Thus, the promotion of XRP to retail holders by Ripple will not impact XRP price.

Attorney Fred Rispoli said the Ripple SEC case can be withdrawn or settled at any time. While he believes the XRP lawsuit withdrawal is “unrealistic” though settlement seems likely.

US SEC to Target Secondary Market Sales

Former US SEC lawyer James Farrell there is absolutely zero percent chance of dismissal of Ripple, Coinbase and other litigations. He also added that if the SEC drops the XRP lawsuit appeal, it will harm the regulator to a great spectrum. The parties need to settle or confer on agreeing with $125 million in civil penalties.

The government agency will continue to target secondary market sales. The SEC has taken a new turn to file lawsuits against crypto firms for secondary sales violating US securities law.

Gary Gensler was asked to resign as the SEC Chair by American Securities Association (ASA) President Chris Iacovella. Critics say Gensler’s regulatory approach has fomented uncertainty, obstructed efficiency in the markets, and shortchanged some investor protections.

Lawyer James Murphy, better known as “MetaLawMan” revealed that historically former SEC Chair resigned from their position a week after a change in the US administration.

XRP Traders Await Price Rally to $1

XRP price is currently trading at $0.67, up over 15% in the last 24 hours. It hit a 24-hour low and high of $0.5898 and $0.7009, respectively. Moreover, trading volumes surged 166% amid the ‘Trump trade’.

As Bitcoin rally cools down on panic of crypto market crash, experts and analysts claim altcoin season amid bullish pattern breakout can trigger a rally in XRP price to $1. Open interest in XRP futures jumped 25% to $1.11 billion in the last 24 hours.

US SEC must file its opening brief regarding appeals in the SEC v Ripple Labs case by January 15, 2025, as per an order by the US Court of Appeals for the Second Circuit.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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