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Altcoin Choices From Analyst Amid Bitcoin Crash

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AltcoinDaily, a popular analyst with a huge following on X and YouTube, eyes select tokens for the remainder of 2024. He believes these altcoins provide the best investment opportunity as Bitcoin and crypto markets crash.

Portfolio rebalancing and risk diversification are among the most effective strategies for wave market volatility.

Top Altcoin Picks as Bitcoin Leads Crypto Market Dip

AltcoinDaily bases his altcoin choices on the Federal Reserve’s (Fed) possible pivot in September. In his opinion, this could kickstart an altcoin season, with Ethereum (ETH) and Solana (SOL) among the sure bets. Beyond the two, the analyst foresees “six new crypto coins set to explode before 2025.”

Aethir (ATH)

Spotting Aethir as an emerging leader in the DePIN space, AltcoinDaily sees its potential to build scalable decentralized cloud infrastructure for gaming and AI as an important fundamental. As a GPU marketplace, Aethir is positioned to benefit from the AI sector’s GPU demand, which drives DePIN projects offering cost-effective decentralized infrastructure.

Sustained by the pressure of GPU computing from tech companies, production limits, and growing demand due to AI provide tailwinds. In this regard, other altcoins in the sector that may be of interest include Filecoin (FIL), Render (RNDR), Akash Network (AKT), and io.net (IO).

Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?

Ondo Finance (ONDO)

ONDO is presented as “institutional grade finance on-chain for everyone.” AltcoinDaily says this token is primed for gains before 2025. He bases his optimism on BlackRock CEO Larry Fink’s statement that tokenization of financial assets is the future.

This selection comes as Real World Assets (RWA) has been a key narrative in 2024, featuring among the industry’s leading trends. Notably, the Ondo Finance ecosystem enjoys backing from TradFi titans such as Founders Fund, Pantera Capital, and Coinbase.

“Projects like RWA and DePIN, which integrate productive assets from the physical world such as CPUs, GPUs, WiFi routers, dash cameras, and personal weather stations under leading DePIN initiatives, are likely to follow a different trajectory. As these projects scale in terms of users and adoption, their protocols should mature into valuations that traditional investors find more understandable,” Fluence Co-Founder Tom Trowbridge recently told BeInCrypto.

ONDO peers in the RWA sector that may also be of interest include Propy (PRO), TrueFi (TRU), and OriginTrail (TRAC).

Lukso (LYX)

The altcoin represents a “blockchain built for social, cultural, and creative” dynamics, the key to unifying digital lives. It is an Ethereum-twin blockchain with a new set of standards and protocols, drawing the analyst to call it “a better Ethereum”.

“Applications such as FriendTech and the rise of SocialFi made a big presence in 2024. As the social aspect of blockchain continues, Lukso is a protocol to watch,” AltcoinDaily indicates.

Capital inflows into LXY could spill over to peer SocialFi tokens such as LimeWire (LMWR) and Roundtable Token (RTB), formerly BBS, the reward token for the Roundtable forum.

Read more: What is Friend.Tech? A Deep Dive Into The Web3 Social Media App

AIT Protocol (AIT)

The AIT Protocol uses train-to-earn models to enhance artificial intelligence (AI) development. It entails training AI models using blockchain to create a decentralized labor market for AI data annotation. Animoca Brands is among the protocol’s investors.

Amid growing demand and, therefore, adoption among Asian markets, BitPanda and BingX exchanges listed AIT only recently. The protocol has its version of ChatGPT, achieved through the Albert.AITProtocol.ai product, which solves complex math and logical questions.

“AIT Protocol is a hidden gem in the AI space,” the analyst added.

Foxy (FOXY)

The altcoin passes as the main meme coin in the Linea ecosystem, an Ethereum Layer 2, making transactions faster and cheaper. It is a peer for the Base and Arbitrum chains, with the analyst highlighting FOXY as an undervalued altcoin.

According to AltcoinDaily, Foxy is best positioned for gains over Base and Arbitrum for the remainder of 2024 because of Linea’s Consensys backing. Coinbase, which backs Base, does the same for Brett, which runs under the Base ecosystem. Therefore, with eyes peeled on meme coins, traders may consider Brett, Snek (SNEK), and Shiba Inu (SHIB).

AltcoinDaily also lists Off The Grid, a project by Gunzilla Games, although not launched yet. With sentiment around the game growing, particularly among gamers, investors may also consider projects like ImmutableX (IMX), Stargaze (STARS), Exverse (EXVG), Superverse (SUPER), and Illuvium (ILV).

Altcoin Season Thoughts

As BeInCrypto reported, Ki Young Ju, founder of the on-chain analysis platform CryptoQuant, predicted an altcoin season soon. He based the prediction on increasing activities by crypto whales that seem to be preparing for an altcoin rally.

“The limit buy order volume for altcoins, excluding Bitcoin and Ethereum, is increasing, indicating that strong buy walls are being set up,” Ju said.

Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season

Amidst the ongoing market crash, investors may see an opportunity to acquire tokens at a discount. Nevertheless, others, like Brian Quinlivan, lead analyst at Santiment, observe a lack of enthusiasm for the altcoin season due to recent price dips.

“As for mentions of altcoin season, we aren’t seeing any significant trader enthusiasm for it. Traders have at least been a bit more vocal since we started seeing prices dip over the past 3 days,” Quinlivan told BeInCrypto.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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BTC Price Rebound Likely as Long-Term Holders Reenter Market

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Bitcoin (BTC) is on track to end Q1 with its worst performance since 2019. Without an unexpected recovery, BTC could close the quarter with a 25% decline from its all-time high (ATH).

Some analysts have noted that experienced Bitcoin holders are shifting into an accumulation phase, signaling potential price growth in the medium term.

Signs That Veteran Investors Are Accumulating Again

According to AxelAdlerJr, March 2025 marks a transition period where veteran investors move from selling to holding and accumulating. This shift is reflected in the Value Days Destroyed (VDD) metric, which remains low.

VDD is an on-chain indicator that tracks investor behavior by measuring the number of days Bitcoin remains unmoved before being transacted.

A high VDD suggests that older Bitcoin is being moved, which may indicate selling pressure from whales or long-term holders. A low VDD suggests that most transactions involve short-term holders, who have a smaller impact on the market.

BTC: Value Days Destroyed. Source: CryptoQuant.
BTC: Value Days Destroyed. Source: CryptoQuant

Historically, low VDD periods often precede strong price rallies. These phases suggest that investors are accumulating Bitcoin with expectations of future price increases. AxelAdlerJr concludes that this shift signals Bitcoin’s potential for medium-term growth.

“The transition of experienced players into a holding (accumulation) phase signals the potential for further BTC growth in the medium term,” AxelAdlerJr predicted.

Bitcoin’s Sell-Side Risk Ratio Hits Low

At the same time, analyst Ali highlighted another bullish indicator: Bitcoin’s sell-side risk ratio had dropped to 0.086%.

Bitcoin Sell-side Rish Ratio. Source: Glassnode
Bitcoin Sell-side Rish Ratio. Source: Glassnode

According to Ali, over the past two years, every time this ratio fell below 0.1%, Bitcoin experienced a strong price rebound. For example, in January 2024, Bitcoin surged to a then-all-time high of $73,800 after the sell-side risk ratio dipped below 0.1%.

Similarly, in September 2024, Bitcoin hit a new peak after this metric reached a low level.

The combination of veteran investors accumulating Bitcoin and a sharp decline in the sell-side risk ratio are positive signals for the market. However, a recent analysis from BeInCrypto warns of concerning technical patterns, with a death cross beginning to form.

Additionally, investors remain cautious about potential market volatility in early April. The uncertainty stems from President Trump’s upcoming announcement regarding a major retaliatory tariff.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Marathon Digital to Sell $2 Billion in Stock to Buy Bitcoin

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Marathon Digital Holdings, one of the largest Bitcoin mining companies in the US, made headlines with its announcement of a $2 billion stock offering to increase its Bitcoin holdings. 

This strategic move, detailed in recent SEC filings, shows Marathon’s aggressive approach to capitalize on the growing crypto market. 

Marathon’s $2 Billion Stock Offering: Key Details

On March 30, 2025, Marathon Digital Holdings announced a $2 billion at-the-market (ATM) stock offering to fund its strategy of acquiring more Bitcoin. The company filed a Form 8-K with the SEC, outlining its plan to raise capital through the sale of shares, with the proceeds primarily aimed at increasing its Bitcoin holdings. 

According to the SEC filing (Form 424B5), Marathon intends to use the funds for “general corporate purposes,” which include purchasing additional Bitcoin and supporting operational needs.

Marathon holds 46,376 BTC, making it the second-largest publicly traded company in Bitcoin ownership, behind MicroStrategy. The company’s Bitcoin holdings have grown significantly in recent years, from 13,726 BTC in early 2024 to the current figure. 

“We believe we are the second largest holder of bitcoin among publicly traded companies. From time to time, we enter into forward or option contracts and/or lend bitcoin to increase yield on our Bitcoin holdings.” Marathon confirmed

This $2 billion stock offering continues Marathon’s strategy to bolster its balance sheet with Bitcoin, a move that aligns with its long-term vision of leveraging cryptocurrency as a store of value.

Marathon’s strategy mirrors that of MicroStrategy. MicroStrategy’s stock price has soared with Bitcoin’s value, providing a blueprint for companies like Marathon to follow. By increasing its Bitcoin holdings, Marathon aims to position itself as a leader in the crypto mining sector while diversifying its revenue streams beyond traditional mining operations.

Marathon Digital CEO Fred Thiel advises investing small amounts in Bitcoin monthly, citing its consistent long-term growth potential.

The issuance of new shares to raise $2 billion could dilute the ownership of existing shareholders, potentially impacting the company’s stock price (MARA). As of March 31, 2025, MARA stock has experienced volatility, trading at around $12.47 per share, down from a 52-week high of $24, according to data from Yahoo Finance.

Moreover, Marathon’s heavy reliance on Bitcoin exposes it to the cryptocurrency’s price fluctuations. If Bitcoin’s price were to decline significantly, the value of Marathon’s holdings would decrease, potentially straining its financial position.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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US Macroeconomic Indicators This Week: NFP, JOLTS, & More

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Crypto markets have much to look forward to this week, which marks the end of the first quarter (Q1). As Q2 commences on Tuesday, several US economic data will drive Bitcoin (BTC) and crypto sentiment this week.

Traders and investors will watch a slate of US economic data releases that could ripple through Bitcoin and altcoin prices.

5 US Economic Data To Watch This Week

These US macroeconomic indicators could drive volatility amid fresh insights into the health of the world’s largest economy.

US economic data with crypto implications this week
US economic data with crypto implications this week. Source: MarketWatch

“Buckle up—volatility’s knocking. Right on time for the monthly shake-up,” a user on X quipped.

JOLTS

The first is the Job Openings and Labor Turnover Survey, or JOLTS, due for release on Tuesday, April 1. This report tracks available job vacancies in the US, effectively offering a window into employer confidence and labor market demand.

A strong showing, with openings exceeding recent trends of around 7.7 million, would suggest a strong economy. While this would strengthen the US dollar, it would dampen Bitcoin’s appeal as a hedge against weakness.

Conversely, a sharp drop in openings might stoke expectations of Federal Reserve rate cuts to bolster the economy. This outcome would lift risk assets like Bitcoin and crypto as investors seek alternatives to low-yield bonds.

ADP Employment

Adding to the list of US macroeconomic indicators this week is the ADP Employment report on Wednesday, April 2. This report will provide a private-sector payroll snapshot, serving as a preview of Friday’s main event.

There is a median forecast of 120,000 for March, following the previous month’s 77,000 reading. If job growth tops the consensus forecast, it could reinforce confidence in traditional markets, possibly pressuring crypto prices as the dollar gains ground.

On the other hand, a weaker-than-expected figure, say below 77,000, might hint at a slowdown. This would boost Bitcoin’s allure as a safe haven amid uncertainty. While not as authoritative as the official numbers, surprises here often set the tone for crypto traders adjusting their positions.

Liberation Day

Meanwhile, the stakes are high this week, with the US economy enduring uncertainties like Trump-era policies, including tariffs and government streamlining efforts. BeInCrypto reported on the upcoming Liberation Day, which is expected to bring new tariff announcements targeting nations imposing trade barriers.

“The last two months have already hurt American businesses and consumers, but the April 2 deadline seriously could make all of that look like a tempest in a teapot. We don’t know exactly what they’re going to do, but from what they’re saying, it sounds functionally like new tariffs on all US imports,” said Joseph Politano, economic policy analyst at Apricitas Economics.

Analysts predict extreme market volatility, with potential stock and crypto crashes reaching 10-15% if Trump enforces broad tariffs.

“April 2nd is similar to election night. It is the biggest event of the year by an order of magnitude. 10x more important than any FOMC, which is a lot. And anything can happen, “Alex Krüger predicted.

Initial Jobless Claims

On Thursday, April 3, crypto markets will watch the Initial Jobless Claims report, which shows the number of US citizens filing for unemployment insurance. Released weekly, this is a near-real-time pulse on layoffs and labor market stability.

Fewer claims, under the previous week’s 224,000 reading, could suggest resilience, supporting the dollar but tempering crypto enthusiasm. However, potentially exceeding the median forecast of 226,000 might raise red flags about economic health.

Such an outcome would drive demand for decentralized assets to hedge against potential turmoil. Given its weekly cadence, this report tends to spark quick reactions in the crypto market, especially when amplified by broader narratives like government efficiency cuts or tariff impacts in 2025.

US Employment Report

The week’s crescendo arrives Friday, April 4, with the US Employment Report, widely known as Non-Farm Payrolls. This comprehensive labor market update—including jobs added, the unemployment rate, and wage growth—is a linchpin for markets worldwide.

A strong report, higher than the previous reading of 151,000 jobs and a steady 4.1% unemployment rate, could bolster faith in the economy. This could curb crypto gains if the dollar rallies.

However, strong wage growth exceeding 0.3% month-over-month (MoM) might rekindle inflation fears, indirectly supporting Bitcoin as a store of value.

Conversely, a disappointing tally—under the median forecast of 140,000 jobs with unemployment ticking beyond 4.1%—could ignite recession worries. This would send investors flocking to Bitcoin and crypto.

Significant deviations from consensus forecasts, often by 50,000 jobs or more, have historically triggered sharp Bitcoin moves of 1-2% or greater.

“BofA [Bank of America] Securities expects a pickup in job growth for March. Keep an eye on those numbers,” crypto researcher Orlando noted.

For crypto market participants, the game plan is clear: track consensus estimates on economic calendars, watch real-time reactions, and brace for swings. Nevertheless, this week’s data could dictate Bitcoin’s next move in Q2 2025, particularly in April.

Fed Chair Jerome Powell will also address the economic outlook at the SABEW Annual Conference on Friday at 11:25 a.m. EST.

Bitcoin (BTC) Price Performance
Bitcoin (BTC) Price Performance. Source: BeInCrypto

BeInCrypto data shows BTC was trading for $82,192 as of this writing, down by over 1% in the last 24 hours.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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