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Cryptocurrency News Articles
Best Altcoins to Buy Now: Ethereum (ETH), Toncoin (TON), and IntelMarkets (INTL)
Sep 25, 2024 at 07:11 pm
A top analyst in the community, MikybullCrypto, announced to his Twitter followers that an altseason is around the corner. By his estimates, the
A top crypto analyst has shared his insights on the potential for an altseason in 2023. Here's a closer look at his picks for the best altcoins to buy now.
MikybullCrypto, a renowned crypto analyst, recently shared his thoughts on the possibility of an altseason in 2023. According to his analysis, several indicators suggest that the market is poised for a shift toward altcoins in the coming months.
Among the key indicators that Mikybull highlighted are the altcoin dominance, which has entered an expansion phase, and the MACD bullish cross, both of which are pointing toward an altcoin season.
Based on these observations, several analysts have identified promising altcoins that could offer significant gains during this period. Here are some of their top picks:
1. Ethereum (ETH)
As the largest altcoin by market capitalization, ETH has experienced substantial gains in the latter part of September. Between September 17 and 19, its price surged by 11.7%, reaching a three-week high of $2,572. This upward trend coincides with a rise in Ethereum futures open interest.
According to data, Ethereum's futures open interest reached 4.66 million ETH on September 19th, marking the highest level since January 2023. This surge in open interest indicates a strong demand for leveraged positions in ETH futures.
Currently, ETH still maintains an upward trend on the price chart, showing a 14% rise on the 14-day chart. This year, considering the developments in the Ethereum crypto space, it looks promising for ETH.
It is currently trading above the 50-day SMA at $2,545.19. CryptoPatel shared with his followers that the ETH price could reach $5,500-$6,000 in the next few months.
2. Toncoin (TON)
Active Addresses Surge on Toncoin (TON) Network
The Open Network has seen a surge in activity over the past month. Toncoin's active addresses soared past those of some of the largest blockchains in the market, as highlighted by data from IntoTheBlock.
IntoTheBlock's analysis reveals that the TON network's daily active addresses reached an impressive 3 million in the first week of September. This remarkable surge even surpassed the number of active addresses observed on major layer-one networks such as Bitcoin and Ethereum.
Moreover, the Toncoin token has also shown promising price movements, surging by 10% in the biweekly timeframe. The coin is currently trading above the 200-day SMA ($5.55) and is edging toward the 50-day SMA at $5.85.
Considering its connection to the Telegram messaging app and the latest adoption in the past month, analysts forecast that the Toncoin price could reach $18.62 before the year runs out.
3. IntelMarkets (INTL) Shows Huge Long-Term Potential at $0.018 in ICO
IntelMarkets (INTL) is one of the very few cryptos that have shown positive price action in the last month. Its price went up by 100% in the last month alone. The price of INTL surged from $0.009 to $0.018 while it has raised over $490k in its crypto ICO. Being new and having the potential for massive growth this year, INTL might be the best altcoin for newbies.
There has been a lot of talk about IntelMarkets because of the project creating a crypto trading platform that could transform the $36.5 billion crypto trading platform market with AI. IntelMarkets can revolutionize crypto trading through AI – a global trading sector projected to reach $347 billion by 2030.
Their AI-based blockchain will provide traders with advanced trading tools like AI bots, customized charts, risk management tools, etc. IntelMarkets even has a dual-chain structure, supporting Ethereum and Solana blockchains. That makes trading faster, fees lower, and gives traders access to high liquidity and smart contracts.
They also have self-learning bots that investors can train to follow given trading strategies or particular risk levels or patterns. In the second stage of its presale, analysts forecast the value of IntelMarkets coin could increase by 10x before the year runs out.
Best Altcoins to Invest in for Gains in 2024
The altcoin market is showing positive sentiment right now, according to MikybullCrypto. Investors, whether old or new, who want to be part of the upcoming altseason can double down on ETH, TON, and INTL as they monitor the market.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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