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These Altcoins Can Hit New All-Time Highs in September 2024

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Many altcoins have struggled to maintain a bullish outlook for much of this cycle, resulting in only a few reaching new all-time highs (ATH).

However, as the third quarter of the year enters its final month, some altcoins are beginning to show signs of potentially surpassing their previous peaks. This analysis highlights the top four altcoins with the potential to achieve new ATHs and the reasoning behind this optimistic outlook.

Kaspa (KAS)

Kaspa (KAS), a cryptocurrency operating on the Proof-of-Work (PoW) consensus mechanism like Bitcoin (BTC), leads the list of altcoins with potential for new all-time highs. Currently trading at $0.16, KAS has been setting new ATHs since June, up until August 1.

Looking ahead to September, BeInCrypto anticipates that KAS will maintain its upward momentum, potentially surpassing $0.20. On the daily chart, KAS has been oscillating between $0.15 and $0.17 for the past 22 days, indicating that the $0.15 level has become a crucial support point for the cryptocurrency.

Additionally, the Money Flow Index (MFI) for KAS is currently at 24.38, indicating an oversold condition. The MFI measures the flow of liquidity in and out of an asset and helps determine whether a cryptocurrency is overbought or oversold. A reading of 80.00 or above suggests an overbought condition, while a reading of 20.00 or below indicates an oversold state, potentially signaling a buying opportunity.

Kaspa Daily Analysis.
Kaspa Daily Analysis. Source: TradingView

KAS is approaching the oversold level, which suggests that a significant bounce could be on the horizon. Historical data shows that whenever KAS reaches an MFI reading similar to the current level, it often climbs to a new all-time high (ATH).

If this pattern holds, KAS could potentially reach $0.21 or higher in September. However, this prediction could be invalidated if the broader crypto market experiences another downturn, in which case KAS might drop to $0.14.

Binance Coin (BNB)

Ranked as the 4th most valuable cryptocurrency, Binance Coin (BNB) was the first major altcoin from the 2021 bull market to reach a new all-time high in June. In September, BNB could rally to another high, driven by the potential release of former Binance CEO Changpeng Zhao (CZ) from prison.

Currently priced at $540.26, BNB is 24.95% below its all-time high. On the weekly chart, BNB has formed a symmetrical triangle, a pattern that emerges when two trendlines — one sloping downward and the other upward — converge at a point.

A symmetrical triangle can signal either a bullish or bearish outcome, so it’s crucial to consider other indicators. In BNB’s case, BeInCrypto focuses on the 50-day Exponential Moving Average (EMA), which measures the trend direction over a specific period and could provide insight into the coin’s next move.

Read more: What Are Altcoins? A Guide to Alternative Cryptocurrencies

Binance Coin Weekly Analysis.
Binance Coin Weekly Analysis. Source: TradingView

When the price of a cryptocurrency trades above its 50-day Exponential Moving Average (EMA), the trend is bullish; if it trades below, the trend is bearish. Despite BNB’s recent decline, it currently trades above the 50 EMA (blue), which could support the possibility of a new all-time high (ATH).

If buying pressure for BNB increases in September, it might once again outperform other top 10 altcoins and potentially reach a new ATH, possibly around $750. However, this outcome could be jeopardized if CZ’s release is delayed or if market interest in BNB wanes.

Brett (BRETT)

Regarded as “PEPE’s best friend” but built on the Base Layer-2 network, BRETT is part of the altcoins that could hit a new ATH in September. The meme coin currently trades at $0.081 and hit its ATH of $0.19 in June.

On the 4-hour chart, BRETT has formed an ascending triangle, a technical pattern that tends to be bullish. An ascending triangle arises from the convergence of a horizontal trendline and a rising one drawn along swing lows and highs.

As prices fluctuate along these highs and lows, cryptocurrencies often encounter resistance, as BRETT did with its drop from $0.10 to $0.081. However, this reversal might be temporary, suggesting that a significant rally could be imminent, potentially pushing the token toward $0.20.

Brett 4-Hour Analysis.
Brett 4-Hour Analysis. Source: TradingView

However, if BRETT does not experience significant accumulation in September, this bullish forecast could be nullified. In that scenario, the price might drop to $0.079.

Mantra (OM)

Mantra’s (OM) position as one of the top Real World Assets (RWA) altcoins is a key reason it makes this list. OM’s all-time high of $1.42 happened on July 22, but it has since dropped 37% from that height.

From a technical standpoint, OM has formed a falling wedge pattern on the daily chart. This pattern is characterized by two descending trendlines that connect the asset’s highs and lows. Typically, traders consider a falling wedge bullish because the narrowing lines suggest that sellers might be losing momentum.

If buyers take advantage of this potential seller exhaustion, a significant rally could ensue. For OM, a breakthrough of the 38.2% Fibonacci level could signal the start of a surge toward a new all-time high. Still, the 61.8% golden ratio at $1.15 might pose resistance to the price.

Read more: How to Invest in Real-World Crypto Assets (RWA)?

Mantra Daily Analysis.
Mantra Daily Analysis. Source: TradingView

If OM breaks past the $1.15 resistance level, its price could potentially surpass $1.42 in September, making it one of the altcoins to hit a new all-time high (ATH). However, the bullish scenario could be invalidated if the token drops below the falling wedge’s lowest point again. If that occurs, the price might tumble to $0.62.

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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Ethereum Price Can Reach $3,500 On The Back Of These Factors

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Ethereum, the second-largest cryptocurrency, recently failed to breach $3,524, triggering a sharp price drop. Since then, recovery efforts have remained weak as volatility persists. 

However, the current conditions suggest Ethereum may be preparing for a comeback as the market stabilizes.

Ethereum Has Room For Recovery

Ethereum’s Network Value to Transaction (NVT) Ratio is experiencing a decline, recently hitting a monthly low. A low NVT indicates that transaction activity is balanced with network value, reflecting reduced volatility. This creates an environment conducive to price recovery, something Ethereum urgently needs to regain its footing.

With the NVT ratio signaling healthy network activity, Ethereum is positioned to stabilize in the short term. Declining volatility often fosters investor confidence, making it more likely for the cryptocurrency to see renewed buying interest. As speculative activity wanes, Ethereum has an opportunity to chart a path toward meaningful recovery.

Ethereum NVT Ratio
Ethereum NVT Ratio. Source: Glassnode

Ethereum’s realized profits recently dropped to a six-week low, pointing to a significant reduction in selling pressure from investors. This trend highlights the market’s shifting sentiment, with fewer participants looking to offload their holdings. Such conditions could provide Ethereum with the breathing room required to capitalize on broader bullish cues.

The lack of an uptick in realized profits suggests that the selling lull may persist, allowing Ethereum to focus on building upward momentum. With investors holding onto their coins, market conditions are primed for a gradual recovery, provided external factors remain favorable.

Ethereum Realized Profits
Ethereum Realized Profits. Source: Glassnode

ETH Price Prediction: Breaking The Barrier

Ethereum is currently trading near $3,300, just below the critical resistance level of $3,327. Flipping this into support is essential for ETH to initiate a rally toward $3,524, representing a 6% increase from current levels. This move would mark a partial recovery from recent losses.

Breaking through the $3,524 resistance is crucial for Ethereum’s recovery. Achieving this would erase the recent downturn and also position the altcoin for further gains, potentially targeting $3,711. Such a move would underscore Ethereum’s resilience and align with the broader market’s bullish sentiment.

Ethereum Price Analysis
Ethereum Price Analysis. Source: TradingView

However, failing to establish $3,327 as a support level could stall Ethereum’s recovery. This scenario would leave the cryptocurrency vulnerable to a retracement toward $3,200, undermining recent progress and potentially delaying its path to $3,500.

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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Justin Sun, Vitalik Buterin Speak Amid Ethereum Reform Debate

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TRON founder Justin Sun has offered a hypothetical plan for Ethereum and the Ethereum Foundation (EF) under his leadership. His remarks come amid controversy over EF’s leadership transformation.

In a series of posts on X (formerly Twitter), Ethereum co-founder Vitalik Buterin outlined the reforms’ goals and progress. He highlighted improvements in technical expertise, ecosystem engagement, and operational efficiency.

Justin Sun Outlines Blueprint for Ethereum Leadership

The TRON executive shared ambitious remarks on how he would lead the Ethereum Foundation if given the opportunity. Sun’s vision, shared on X, outlined a four-point plan to radically restructure EF operations, optimize Ethereum’s economic model, and drive the price of ETH to $10,000.

“If EF and Ethereum were under my leadership, ETH would hit $10,000,” Sun claimed.

Sun proposed an immediate halt to ETH sales for three years to stabilize supply and boost market confidence. He suggested covering EF’s operational costs through DeFi protocols like Aave, staking yields, and stablecoin borrowing, aligning with Ethereum’s deflationary goals.

A key component of his plan involves imposing significant taxes on Layer 2 (L2) solutions, aiming to generate $5 billion annually. The collected taxes would go toward exclusively repurchasing and burning ETH, further enhancing its scarcity and value.

Sun also called for a drastic downsizing of EF staff, retaining only top performers and offering them significant salary increases. This merit-based approach, he argued, would streamline operations and improve efficiency.

Finally, Sun emphasized adjusting node rewards and increasing fee burns to reinforce Ethereum’s deflationary narrative. He proposed redirecting all resources toward Ethereum’s core L1 development, focusing on scalability, security, and adoption. Justin Sun’s plan sparked a mixed response, with some applauding the bold vision.

“These are all very practical suggestions. Please pay attention to them and refer to them, Vitalik Buterin,” core developer 0xSea.eth posed.

Meanwhile, others challenged Sun to focus on TRON and explore bringing decentralized finance (DeFi) to its ecosystem.

“Maybe start with how to make DeFi great on TRON – you should ask your exec team (and yourself), “Why is DeFi nonexistent on TRON despite it being the chain with the most stable coins on it?” If you answer this, maybe TRON can beat eth one day,” ZIGChain co-founder Abdul Rafay Gadit remarked.

Vitalik Buterin Defends Leadership Amid Criticism

Sun’s proposed solution aligns with Vitalik Buterin’s recent post discussing ongoing changes over the past year, some of which have already been implemented. Buterin emphasized goals such as strengthening the EF’s technical leadership and improving collaboration with ecosystem participants. He also addressed concerns, rejecting the notion that the EF might adopt centralized or politically motivated roles.

“…these things aren’t what EF does and this isn’t going to change. People seeking a different vision are welcome to start their orgs,” Buterin articulated.

Aya Miyaguchi, an EF executive, confirmed the ongoing efforts, expressing excitement about forthcoming announcements. She noted that the reforms aim to solidify Ethereum’s position as a global neutral platform while embracing decentralized and privacy-preserving technologies.

The announcement has stirred controversy within the crypto community. Critics argue that the current leadership has failed to manage Ethereum effectively.

“Respectfully, just let new blood take over. You guys can’t even make a simple Twitter account work—how can you be trusted to lead the second biggest blockchain,” Wazz posed.

Another user, Coinmamba, suggested that pressuring Miyaguchi to resign could result in Ethereum reaching new all-time high. Buterin strongly condemned these comments, defending Miyaguchi and calling out the toxicity of such social media rhetoric.

“No. This is not how this game works,” Buterin retorted. “The person deciding the new EF leadership team is me. If you ‘keep the pressure on,’ then you are creating an environment that is actively toxic to top talent. YOU ARE MAKING MY JOB HARDER,” the Ethereum co-founder lamented.

Buterin also refuted specific claims against Miyaguchi, pointing out inaccuracies in translations and misinterpretations of her statements. He reiterated the need for a “proper board” within EF to enhance governance.

ETH price Performance
ETH Price Performance. Source: BeInCrypto

Ethereum’s ETH token was trading at $3,305 as of this writing, representing a modest 0.2% surge since Wednesday’s session opened.

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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Dogecoin Holding Time and Whale Activity Spikes

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Dogecoin (DOGE), a leading meme coin, is signaling a potential breakout from its narrow trading range.

If this momentum continues, it could reclaim its multi-year high of $0.48, fueled by extended holding periods and increased accumulation by large holders.

Dogecoin Investors Reduce Distribution

The on-chain assessment of DOGE’s performance has revealed a significant spike in the holding time of all its coins transacted in the past seven days. According to IntoTheBlock, this has climbed by 302% during the review period. 

The holding time of an asset’s transacted coins represents the average duration tokens are kept in wallets before being sold or transferred. 

Longer holding periods like this reduce selling pressure in the DOGE market. This reflects stronger investor conviction, as investors choose to keep their coins rather than sell them. 

Dogecoin Holding Time
Dogecoin Holding Time. Source: IntoTheBlock

In addition to reducing selling activity, DOGE whales have increased their holdings over the past week. This is reflected by the 112% uptick in its large holders’ netflow during that period.

An asset’s large holders’ netflow metric tracks the movement of coins into and out of wallets controlled by whales or institutional investors. When this metric spikes, it suggests that these large holders are accumulating more of the asset, signaling increased confidence in its future price movement.

Dogecoin Large Holders Netflow
Dogecoin Large Holders Netflow. Source: IntoTheBlock

DOGE Price Prediction: Bullish Run Could Continue

If this bullish momentum is maintained, DOGE will extend its weekly 3% spike. As buying pressure strengthens, the meme coin could revisit its four-year high of $0.48.

Dogecoin Price Analysis
Dogecoin Price Analysis. Source: TradingView

However, this bullish outlook will be invalidated if accumulation stalls and selling activity recommences. In that scenario, DOGE’s price could slip to $0.29.

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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