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Tag: Top Altcoins 2024

  • Top Altcoins With 50x Potential Not On Binance: Crypto Analyst

    Top Altcoins With 50x Potential Not On Binance: Crypto Analyst

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    Popular crypto analyst Xremlin, known on social platforms as @0x_gremlin, told his 104,000 followers that the altcoin season in 2024 could eclipse the monumental gains seen in 2021. Reflecting on the historical significance of major exchange listings, Xremlin emphasized, “Altseason 2024 > Altseason 2021. Your bags are headed to Valhalla.”

    During the 2021 altseason, altcoins such as Polygon (MATIC) and Solana (SOL) saw a staggering 300x increase, largely attributed to listings on Tier-1 centralized exchanges (CEXs) like Binance and Coinbase, according to him. “MATIC and SOL’s 300x was fueled by Tier-1 CEX listings. Binance/Coinbase listings = Billions in retail liquidity,” the crypto analyst remarked.

    The core of Xremlin’s analysis hinges on the demonstrable impact that listings on premier exchanges such as Binance and Coinbase have on the valuation of cryptocurrencies. According to the analyst, “These 8 altcoins [are] likely to be tradable there next → Pump by 10-50x,” highlighting the potential for immediate and substantial price increases.

    Listings often trigger price surges ranging from 3 to 10 times the pre-listing value, primarily due to the vast user bases of these platforms engaging with the newly available tokens. Xremlin further elucidated the critical role of liquidity for the long-term success of a cryptocurrency project, stating, “In the long run, having access to billions in liquidity is crucial for a project’s success.”

    Impact of Binance listing on price | Source: X @0x_gremlin

    This perspective underlines the strategic advantage gained from being listed on Tier 1 centralized exchanges (CEXs). Xremlin has identified eight altcoins that not only show promise of being listed on such exchanges but also possess the potential for dramatic value appreciation. Here’s a detailed look at the altcoins spotlighted by Xremlin:

    Top 8 Altcoins Not Listed On Tier-1 Crypto Exchanges

    NGL (ENTANGLE): Operating as an omnichain infrastructure, Entanglefi aims to revolutionize data provision to smart contracts across any blockchain. With a current market cap of $232 million and trading at $1.96, its position as a Layer 1 (L1) protocol underscores its foundational potential in the blockchain ecosystem.

    ALPH (ALEPHIUM): Priced at $2.75 with a market cap of $203 million, Alephium stands out as a Layer 1 blockchain solution tackling the critical issues of accessibility, scalability, and security faced by decentralized applications (dApps), according to the crypto analyst.

    NORMIE: As a memecoin designed for mainstream appeal, Normie carries a market valuation of $120 million, with its price at $0.1237. Notably, Normie is based on Coinase’s Base protocol, which is speculated to be ready to replicate the success of the Solana memcoin craze.

    CPOOL (CLEARPOOL): Clearpool distinguishes itself as a decentralized credit marketplace in the real-world-asset (RWA) sector focused on providing single borrower liquidity pools for institutional borrowers. It is currently valued at $140 million, with its tokens trading at $0.30.

    BALLZ (WOLFWIFBALLZ): Inspired by a daring wolf, this memecoin is trading at $0.045 with a market cap of $45 million. BALLZ is trying to ride the wave of success of Solana memcoins, especially Dogwifhat (WIF).

    IXS (IX SWAP): Ix Swap offers a secure platform for the trading of real-world assets and security tokens, supported by licensed custodians and broker-dealers. With a market cap of $140 million and a current price of $0.8425.

    DEGEN: Another meme-centric token, Degen also operates on the Base chain and is currently priced at $0.01696, boasting a market cap of $211 million. Its appeal lies in the vibrant culture of crypto enthusiasts who identify with the “degen” lifestyle.

    NMT (NETMIND): Netmind leverages blockchain technology to decentralize computing power for AI models globally. With a price of $6.96 and a market cap of $240 million, it aims to embody the cutting-edge intersection of artificial intelligence and blockchain.

    At press time, @0x_gremlin’s top pick NGL traded at $1.87.

    NGL price
    NGL price, 4-hour chart | Source: NGLUSDT on TradingView.com

    Featured image created with DALL·E, chart from TradingView.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Jake Simmons

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  • Renowned Crypto Analyst Predicts The Top 5 Altcoins For 2024

    Renowned Crypto Analyst Predicts The Top 5 Altcoins For 2024

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    In a recent YouTube video, Michaël van de Poppe, a highly respected figure in the crypto analysis sphere, disclosed his top 5 altcoin picks for 2024. Van de Poppe, known as founder of Eight Global, emphasized the importance of a balanced approach over speculative bets on lesser-known altcoins. He stated, “I don’t believe in getting into very small altcoins to maximize the risk. Compounding your returns with a proper strategy benefits in the long run.”

    Ethereum (ETH) – The Primary Crypto Choice

    Van de Poppe’s foremost recommendation is Ethereum. The crypto analyst rationalizes this choice by pointing out the crowded space Bitcoin currently occupies, suggesting a shift of focus to altcoins. He articulated, “Bitcoin has been seeing a lot of upside already [caused by the spot ETF hype] … it’s getting a little bit overcrowded and I think the upside is relatively capped.”

    He added that Ethereum is currently bottoming out against Bitcoin. “I think that Ethereum is undervalued at this point because there is a deflationary system involved.” His belief in Ethereum stems from its fundamental growth and the deflationary aspect of its economic model.

    With regards to the 3-day ETH/USDT chart, he commented: “Ethereum holds a crucial level at $2,150 and is ready to continue the upwards path. Likely, we’ve bottomed on the ETH/BTC pair and have peaked on the Bitcoin dominance.”

    Ethereum price analysis | Source: X @CryptoMichNL

    Scalability Solutions – Arbitrum and Optimism

    Delving deeper into the Ethereum ecosystem, van de Poppe highlighted the importance of scalability solutions. He sees Arbitrum as an attractive crypto investment, especially given its current stage and potential for growth.

    “Arbitrum has not much price action yet, which is tricky, but can give you a very interesting investment thesis,” he explained, underscoring its upward trend against Bitcoin. “Retest at $0.98 did work, continuation towards $1.35 as well and even further. Some beautiful S/R flips, I think $1.40-1.45 should hold and we can continue to $2,” he stated.

    Optimism is his second scalability solution choice, albeit with a cautionary note on its recent substantial run. Van de Poppe recommends a dollar-cost averaging strategy for Optimism, noting “the hype is already substantial here… buying a portion on every 10 cents that’s dropping to make sure that you get a nice average entry.”

    Chainlink (LINK) – The Dark Horse

    Chainlink (LINK) emerged as his fourth pick. Van de Poppe sees its prolonged bear market and early peak against Bitcoin in 2020 as indicators of significant potential, especially in conjunction with DeFi, RWA, and NFTs. “Chainlink… has been going into the longest bear market that it existed… cycles will happen, and that’s why the opportunity costs are big,” the crypto analyst remarked.

    “Chainlink shows that the markets are looking for a higher low on the BTC pairs. Bitcoin pairs show strength in altcoins and are a key indicator in bull markets. As long as LINK stays above 0.000253 BTC, it’s fine and we can start targeting 0.006 BTC,” van de Poppe noted.

    Chainlink price analysis
    LINK/BTC, 1-week chart analysis | Source: X @CryptoMichNL

    SUI – The New Competitor

    The final altcoin in van de Poppe’s selection is SUI, a newer project he compares to successful platforms like Phantom, Avalanche, and Matic. He advises on investing in Ethereum competitors, asserting, “The final one that I am going to explain here is SUI, which is currently also starting to trend upwards. I’m not sure what it is going to hold though, but outside of the Ethereum ecosystem and DeFi corner.”

    He added, “I want to be investing into competitors of Ethereum and you can choose SUI, DOT, ATOM, all those projects. I would like to choose something that’s relatively new, SUI.”

    Looking at the 1-day chart of SUI/BTC, the crypto analyst stated: “The ecosystems are heating up, and SUI is waking up alongside ARB and OP. Looking for the BTC pair here, which is ready to do a beautiful retest at the 0.00001710 area. If that holds, an uptrend likely starts to 0.00003000 BTC.”

    SUI price analysis
    SUI/BTC, 1-day analysis | Source: X @CryptoMichNL

    Crypto Portfolio Distribution And Strategy

    Van de Poppe suggests a balanced portfolio distribution, advocating for a larger allocation to more established coins: 40% in Ethereum, 20% in Chainlink, and smaller portions in Arbitrum and Optimism (each 15%) as well as SUI (10%). He also emphasized the need for a dynamic approach to trading and profit-taking, saying, “Trading is a lot about being flexible and having a flexible mindset.”

    Featured image from BoliviaInteligente / Unsplash, chart from TradingView.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Jake Simmons

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