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Cryptocurrency News Articles
5 Altcoins to Stack Before July as Bitcoin Struggles to Remain Above $65K
Jun 23, 2024 at 01:51 pm
Analyst Virtual Bacon took to his latest video and gave a list of altcoins to stack before July. He said that all the altcoins featured in the list have strong
Analyst Virtual Bacon has shared his top five altcoins to stack before July, highlighting upcoming catalyst events that could drive prices higher.
1. Fantom (FTM)
Fantom, a layer-1 blockchain, is preparing to launch a major upgrade called Sonic. This new blockchain will be significantly faster than the current chain, capable of handling over 2,000 transactions per second (TPS), a vast improvement from the current 200 TPS.
Moreover, Fantom has secured funding from several major DeFi protocols, ensuring strong support for its new protocols. Currently, FTM is trading at around $0.24, and considering its potential, it could easily reach $0.7 to $0.8.
If we factor in a 10x return from its current market cap of $3 billion, FTM could reach a market cap of $7 to $8 billion, and at 20x, it could reach $15 to $20 billion.
2. Connext Network (xCNT)
Connext Network, a decentralized interoperability protocol, recently launched a major upgrade called Everclear. This new protocol simplifies cross-chain transactions, allowing users to interact with different blockchains without switching networks or having to buy new tokens for gas.
Despite strong partnerships and a team backed by ConsenSys, Connext’s current valuation is relatively low compared to competitors. This makes it an attractive investment as it gains more listings and adoption.
Currently, xCNT is trading at around $0.14, and considering its potential, it could easily reach $0.3 to $04. Moreover, if we consider a 10x return from its current market cap of $400 million, xCNT could reach a market cap of $4 to $5 billion.
3. World Mobile Token (WMT)
World Mobile, a decentralized connectivity provider, initially built its network on Cardano but is now planning to expand to Ethereum-compatible chains like Arbitrum and Base. This move will integrate WMT into popular DeFi ecosystems.
WMT’s price chart is also showing strength, having broken through a key resistance level. Currently, WMT is trading at around $0.08, and considering its potential, it could easily reach $0.12 to $0.14. Moreover, if we consider a 10x return from its current market cap of $300 million, WMT could reach a market cap of $3 to $4 billion.
4. Foxy (FOXY)
Foxy, a meme coin, is integrated into Linea and MetaMask airdrops, enhancing its credibility. For example, users can claim Foxy tokens through Linea’s campaigns and MetaMask swaps. This meme coin is also listed on major exchanges like OKX.
Moreover, Foxy is backed by Linea and ConsenSys, unlike other meme coins launched by anonymous teams, making it a safer option. Currently, FOXY is trading at around $0.002, and considering its potential, it could easily reach $0.004 to $0.005.
5. Puff (PUFF)
Puff, the official meme coin of the Mantle ecosystem, has the highest potential in the short term. Recently, it was announced that Puff will be launching a new governance token for Mantle’s liquid staking protocol. This move will add further value and utility to the project.
Currently, PUFF is trading at around $0.003, and considering its potential, it could easily reach $0.006 to $0.007. Moreover, if we consider a 10x return from its current market cap of $200 million, PUFF could reach a market cap of $2 to $3 billion.
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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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- Bancolombia's Wenia Partners with Solana for Faster, Cheaper Transactions
- Sep 25, 2024 at 06:25 pm
- Bancolombia's crypto app, Wenia, has recently extended its services by incorporating top DeFi projects such as Solana to make transactions faster and cheaper for users.
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- House Committee on Finance Services Grills The SEC Over Unfair Crypto and NFT Market Regulation
- Sep 25, 2024 at 06:25 pm
- The United States House Committee on Finance Services has grilled the United States Securities and Exchange Commission over unfair crypto and NFT market regulation for the past three years.
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- Bitcoin (BTC) Price Anticipates a Rocket as China Cuts Interest Rates, ETH Drops Marginally
- Sep 25, 2024 at 06:25 pm
- Today, the global crypto market prices reflected a slight uptick, trying to sustain the rally ignited following the Federal Reserve rate cut. However, the uptrend among top altcoins was mostly marginal
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- Bitcoin (BTC) ETFs Remove Nearly Five Times Daily Supply as Ethereum (ETH) ETFs See Strong Rebound
- Sep 25, 2024 at 06:25 pm
- Ether ETFs experienced a $62.5 million inflow, marking its third-largest day since launch.
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- Savvy Crypto Traders Are Betting on These Altcoins — Are You Missing Out?
- Sep 25, 2024 at 06:25 pm
- Trading volumes for altcoins have surged, and there's been a significant shift away from Bitcoin👇
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- The SEC Approves Options Trading for the BlackRock Bitcoin ETF (BTC)
- Sep 25, 2024 at 06:25 pm
- The landmark decision, which applies to the BlackRock Bitcoin ETF, marks the first time the SEC has permitted options trading on a Bitcoin ETF
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- This Bitcoin Indicator Looks ‘Very Much’ Like in 2016, Here’s Why March Was Not BTC Price Cycle Top
- Sep 25, 2024 at 06:25 pm
- Crypto analyst CryptoCon shared insights on Bitcoin’s price trends, challenging the idea that March 2024 marked the peak of its cycle.
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- Bitcoin (BTC) Next Cycle Top Set To Occur In 2025, Here's Why
- Sep 25, 2024 at 06:25 pm
- Amidst rising discussions within the general crypto community about Bitcoin’s next cycle top, a market expert has offered insights on the pressing subject and a potential timeline for the largest digital asset to experience a price peak in the ongoing cycle.
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- Sui Price Prediction: SUI Eyes New ATH as It Soars 13% in 24 Hours to Trade at $1.71
- Sep 25, 2024 at 06:25 pm
- The Sui price soared 13% in the last 24 hours to trade at $1.71 as of 3.10 a.m. EST on trading volume that skyrocketed 68% to $1.03 billion.