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Biggest Altcoin Gainers of the Last Week of July 2024

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Altcoin prices took a step back from the significant hikes this week, unlike the third week of July 2024. However, this does not imply the absence of a few exceptions.

Even though the uptick is not evenly spread, some of the usual suspects remain present. However, the list of gainers for the last week of July is interesting as there are entirely new entries compared to the previous weeks.

cat in a dogs world (MEW) Is Changing the Theme on Solana

Things change very fast in the crypto market, and the emergence of MEW as the top altcoin gainer proves that. cats in a dogs world is a cat-themed meme coin built on the Solana blockchain. 

This week, the price of MEW, as it is commonly called, stunned the market and jumped by 85.68%. When compared with other dog-themed meme coins like Bonk (BONK) and dogwifhat (WIF), there is an incredible difference.

The outstanding rise in MEW’s price strengthens the speculation that meme coin dominance on Solana is shifting from the dogs to the cats. It also agrees with the opinion that meme coins will likely dominate the altcoin season.

Another altcoin backing this sentiment is Popcat (POPCAT), whose price also notes an incredible rise. At press time, MEW trades at $0.0072, representing a notable drop from the weekly high of $0.0087.

Read More: Which Are the Best Altcoins To Invest in July 2024

MEW Daily Analysis
MEW Daily Analysis. Source: TradingView

Despite the recent drawdown, MEW’s price may soon rebound. This is because of the signs shown by the Moving Average Convergence Divergence (MACD), a trend-following momentum indicator that uses moving averages to determine price acceleration or deceleration. 

As seen in the chart above, the MACD is positive on the daily chart. Therefore, if buying pressure returns, the value of the cryptocurrency may rise to  $0.0087 again. However, if profit-taking increases, the bullish prediction may be invalidated, and MEW may drop to $0.0065.

Helium (HNT) Rises, But May Slow Down

HNT, the native token of Helium, a decentralized blockchain-powered network, is one of the top-performing altcoins. 

At press time, HNT trades at $5.30 after noting a 23.76% increase in the last seven days. According to the daily chart, HNT experienced a decline on July 16, as the price fell to $3.57. This was the start of the uptrend, which saw the price ascend to $6 earlier. 

However, Helium’s price risks a decline, according to signals from the Relative Strength Indicator (RSI). The RSI measures momentum and shows whether an asset is overbought or oversold. A reading of 70.00 or above means it is overbought, while those at 30.00 or below are overbought. 

Helium Daily Analysi
HNT Daily Analysis. Source: TradingView

As of this writing, HNT is overbought, suggesting that a retracement could be next for the token. Consequently, the value of the altcoin may drop to $4.79. However, if buying pressure increases, the price could attempt to retest $6.

Pyth Network (PYTH) Looks Ready to Grab More Greens

Recently, BeInCrypto reported that PYTH’s Open Interest reached a two-week high, confirming that much attention has been paid to the altcoin. In the past seven days, the token price has risen by 15.12%, making it one of the top altcoin gainers of the last week of July 2024.

Unlike HNT, PYTH’s price may continue to hit new highs. This is because of the signs shown by two indicators — the Parabolic SAR and the Chaikin Money Flow (CMF).

The CMF shows if a token is experiencing a lot of moment flow or not. If it increases, then there will be a good level of accumulation. Should it decrease, it means participants are distributing. For Pyth, it is the former, suggesting that the price could hit a higher value. 

Read More: 7 Hot Meme Coins and Altcoins that Are Trending in 2024

PYTH Daily Analysis
PYTH Daily Analysis. Source: TradingView

The Parabolic SAR, on the other hand, determines trend direction using a stop and reverse method. Put simply, the price tends to reverse downward if the dotted lines are above it. But in PYTH’s case, the dotted lines are below the price.

Should this continue, PYTH’s price may jump to $0.39 or reach $0.44 in the short term. However, if token holders begin to distribute, the price can fall to $0.33.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Top Solana Price Levels to Watch in the Short Term

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As the crypto market is experiencing a bullish reversal with its total market cap surging by 3.17% to $2.74 trillion, the Solana price is gearing up for a potential rebound. As traders and investors are looking to capitalize on the token’s volatility, analysts unveil key price levels to watch in short term.

Notably, analysts like Ted predict SOL’s potential uptick to $180 amidst increasing whale activity. In this article, we’ll explore the top Solana price levels to watch in the short term which will help you to stay ahead of the curve and capitalize on market opportunities.

Solana Price To Rebound: Key Price Levels Revealed

As the Solana price hovers below $140, analysts and traders are closely watching market movements. While bears fear of a possible crash to $120, analysts like Ted offers a bullish outlook, predicting SOL’s potential surge to $180 by May 2025.

Presenting historical trends, Ted asserts that the Solana price is poised to reach $160-$180. He notes that Solana’s current patterns mirror those seen in 2022 Q4, suggesting potential similarities in future price movements. In addition, the analyst maintains a bullish outlook for the token, predicting a new all-time high for SOL during the third quarter of this year.

Key Price Levels To Watch

While Solana is poised for a potential rebound, traders are recommended to watch key price levels. Analyst Degen Hardy presents a detailed analysis of SOL’s current market conditions where he is trying to identify a long entry opportunity. As per his conclusions, the ideal scenario will be the Solana price to pull back, which, in turn, will form an inverse head and shoulders pattern.

Significantly, the chart presented by the trader represents key levels to watch. As SOL has surged past the significant support level of $125 and the resistance level of $135, the next target is $178.

Top Solana Price Levels to Watch in the Short TermTop Solana Price Levels to Watch in the Short Term
Source: X, Degen Hardy

As of now, SOL is trading at $139.23, up 2.15%.Over the past week and month, Solana has experienced a surge of 3.25% and 6.6%, respectively. Historical data suggests that Solana price could ultimately reach $256 if it surges past $178. The key levels in between $178 and $256 include $199, $216, and $238.

Moreover, increased whale activity also projects a potential rebound in Solana’s price. Whale Alert revealed that a Binance address moved 374,161 SOL ($52,768,341) to an unknown wallet.

SOL Clears Key Resistance: What’s Next

In his recent X post, TraderAG projected Solana price’s potential target of $170 as it has broken past its key resistance level at $135-$137. Though the analyst expected a retest to the $125 level, SOL broke past the resistance zone, sparking speculations of an uptrend.

According to TraderAG, SOL is capable of reaching $170 and beyond in the near term. CoinGape’s Solana price prediction reveals that SOL is expected to reach a maximum level of $173.44 and a minimum of $140.04 in 2025.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

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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Will Cardano Price Break Out Soon? Triangle Pattern Hints at 27% ADA Surge

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Cardano price appears to be inching towards a key breakpoint as it continues to consolidate within a symmetrical triangle pattern visible on its price chart. According to cryptocurrency analyst Ali, this formation could help ADA in a major price movement.

Cardano price predicted to surge 27%

In a recent tweet, Ali suggested that Cardano might be in the early stages of breaking out from this consolidation pattern. The symmetrical triangle visible on the price chart shows converging trendlines that have contained ADA’s price movement since early April 2025.

The symmetrical triangle pattern forming on Cardano’s chart is a period of consolidation where buyers and sellers reach a temporary equilibrium. According to technical analysis principles, symmetrical triangles often serve as continuation patterns, with the breakout direction typically following the prior trend.

In Cardano’s case, the breakout yields the potential 27% price movement mentioned by Ali. The analyst has pointed out that Cardano might be in the early stages of breaking out from this pattern. The analysis by Ali comes as Cardano bulls secure the most important signal to drive a price rally.

Cardano is currently trading at $0.6424 with a 4.3% increase over the past 24 hours. Despite this short-term gain, ADA remains down nearly 10% over the past 30 days.

ADA sentiment remains neutral

Current market sentiment surrounding Cardano is mixed despite the potentially bullish technical setup. According to data from CoinCodex, the overall sentiment toward ADA is currently classified as “Neutral.” However, the Fear & Greed Index shows a reading of 39 and places it in the “Fear” category.

Looking ahead, CoinCodex projects that Cardano’s price could rise by 18.55% to reach $0.765833 by May 21, 2025. While this forecast falls short of the full 27% move suggested by the triangle pattern analysis, it aligns with the general direction and timeframe for a potential upside breakout.

The platform’s analysis of Cardano’s recent performance shows that ADA recorded 14 green days out of the last 30, which is a 47% positive day ratio. Price volatility over this period also stood 7.31%.

Despite the current “Fear” reading and mixed sentiment indicators, CoinCodex concludes that it’s now a good time to buy Cardano based on their technical indicators. However, the next move by ADA could very well be based on the overall market conditions too.

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Vignesh Karunanidhi

Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles

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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Expert Reveals Why BlackRock Hasn’t Pushed for an XRP ETF

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With Ripple’s XRP lawsuit settlement finally in place, the crypto community is abuzz with anticipation over a possible XRP ETF launch. Despite the growing frenzy over XRP exchange-traded funds, the world’s largest asset management company, BlackRock, remains silent, sparking significant attention.

Detailing BlackRock’s vision and possible reasons behind its silence, expert All Things XRP shared a series of X posts. Let’s explore the expert’s threads, reading through the key points that shed light on BlackRock’s strategic approach to crypto investments.

Why Is BlackRock Silent on XRP ETF?

In a series of X posts, expert All Things XRP shed light on BlackRock’s strategic moves that steer them away from an XRP ETF. According to the expert, BlackRock’s hesitation to launch an XRP exchange-traded fund is driven by many factors regulatory concerns, market dynamics, and strategic considerations.

BlackRock Focuses on Bitcoin and Ethereum

Notably, the asset manager’s focus on Bitcoin and Ethereum ETFs is one of the main reasons to shy away from XRP. BlackRock is currently riding the wave of success with Bitcoin and Ethereum.

Reportedly, iShares Bitcoin Trust boasts over $30 billion in Assets Under Management (AUM). In addition, BlackRock’s ETH ETF has reached $1 billion in AUM in just two months. In light of this success, the platform is cautious about exploring other altcoins to mitigate potential risks.

Moreover, XRP may not meet BlackRock’s internal thresholds for demand, liquidity, and legal clarity. According to the company’s ETF executives, only Bitcoin and Ethereum currently meet these requirements.

Regulatory Concerns

As noted by the expert, regulatory concerns play a major role in BlackRock’s hesitation to back Ripple. Although both Ripple and the SEC dropped their appeals in the XRP lawsuit, the case is not officially over, with the label of “security” still lingering around.  This uncertainty may deter the investment giant from applying for an XRP ETF.

Recently, All Things XRP shared insights on CEO Brad Garlinghouse’s crucial role in Ripple’s growth.

BlackRock’s Strategic Wait-and-See Approach

Interestingly, BlackRock is adopting a cautious approach, waiting for competitors like Grayscale and Franklin Templeton to launch their XRP ETFs. While these platforms will face the possible regulatory hurdles first, it will pave the way for BlackRock’s easy entry into the ETF space. This approach will also allow BlackRock to gauge institutional appetite for XRP products and assess the risk landscape.

Whoever takes the lead, an XRP ETF launch is poised for a significant price surge in the Ripple coin.

In addition, the asset manager’s fake XRP ETF filing in 2023 has further strengthened their cautious stance. Previously, the filing went viral and sparked ambiguity within the crypto market. The investment firm had to publicly deny involvement, potentially damaging their reputation. This incident might have made them cautious about pursuing an XRP ETF, at least for now, as they may want to avoid similar PR issues.

Will BlackRock Launch an XRP ETF?

Additional factors like lack of demand and XRP’s relatively small market share have also contributed to the asset manager’s decision. However, BlackRock is expected to push for an XRP ETF in the future after tackling all the possible hurdles.

BlackRock is known for launching products at the right moment, when the odds are in their favor. The strategic move is expected when XRP meets complete regulatory clarity and market stability. As per All Things XRP, BlackRock is envisioning dominating the market. The expert cited, “But if and when they do, it’ll be to dominate the space — not just participate.”

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

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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