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Cryptocurrency News Articles
Pepe (PEPE), Toncoin (TON), and Axmint (AXM) Are the Altcoins That Will Lead the Bull Run This Year, Analysts Say
Aug 14, 2024 at 12:33 pm
Hope has returned to the crypto community after the latest trading of Ethereum ETFs. Analysts believe a bull market is in the works and could start at any time.
Crypto traders are hoping for a bull market in 2024, and some analysts believe that three altcoins in particular will lead the charge. According to recent analysis, Pepe (PEPE), Toncoin (TON), and Axmint (AXM) are showing strong potential for significant price increases this year.
Pepe (PEPE) coin price has shown promising movements on the charts as it recovers from a sharp drop. CoinMarketCap data shows that Pepe coin price has decreased on the weekly and monthly timeframes. Due to the downtrend, Pepe crypto has fallen below the 50-day SMA ($0.00001123).
However, the memecoin appears to be forming a key rising channel with resistance at $0.0000132 on the daily chart. If the Pepe coin manages to break back above the 50-day SMA, it could break above this resistance level.
Moreover, analysts are bullish on the memecoin and its future trajectory. They believe that Pepe is part of the tokens that will lead the bull run this year. Potential price targets for the meme coin this year are $0.00001588 and $0.00004004, according to CoinMarketCap.
While Pepe is showing gains, Toncoin (TON) is trading at a loss. CoinMarketCap data shows that the Toncoin price has decreased on the weekly, bi-weekly, and monthly timeframes.
The two-month price chart of TON has been reflected by two linear trends converging to indicate the formation of the triangle pattern. These are the major dynamic resistance and support that are affecting the movement of this TON price trendline.
Although Toncoin to USD is bearish, analysts are still optimistic that a recovery could occur this year. They expect the value of the cryptocurrency to skyrocket before the year runs out. Coincodex’s Toncoin price prediction says the altcoin’s value might jump to $9.09 in the short run and $22.92 in the long term.
Finally, Axmint is a crypto platform that aims to disrupt the crypto-mining industry by using blockchain technology. It’s offering eco-friendly mining solutions and has launched its centralized exchange BitAXM.
At Bitaxm, users can buy and sell Bitcoin, Ethereum, Solana, and over 70 other cryptocurrencies instantly.
The $AXM token was listed on major exchanges like Dextrade and Bitstorage, reaching a new all-time high of $0.70 yesterday as per AXM on Coinmarketcap. Investors can participate in the presale of the AXM token on different blockchains by making payments with BNB.
Considering these unique features and benefits, investors are rushing to get their hands on Axmint before the presale ends. Currently, AXM is selling at a low price of $0.40, with the listing price on respective network DEXs expected to be between $1.80 and $2.00. Analysts believe it can hit $2 by the end of the year.
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!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- AAVE (AAVE) Rallies 125% In Two Months, What's Next?
- Sep 24, 2024 at 12:20 am
- AAVE rose 20% Wednesday to $170, a level not seen since May 2022. An asset in accumulation for more than two years is attracting traders and analysts who feel it has additional upside potential.
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- Chiliz Group Launches Chiliz Includ3d to Aggregate Social Impact Initiatives and Democratize Web3 Access in Sports
- Sep 24, 2024 at 12:20 am
- The company said its aim is to help the sports industry's transition to web3, but also to democratise access "ensuring that all the industry stakeholders and not just the elite professional brands can benefit from the multiple opportunities that the new iteration of the Internet will unlock."
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- 9 Altcoins That Could Do A 100X In The Next Crypto Bull Market, According to Linton Worm
- Sep 24, 2024 at 12:15 am
- Like many, crypto analyst Linton Worm expects that the next crypto bull market will begin in October 2024. This has prompted the move to be prepared
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- Chainlink (LINK) Price Prediction 2023: Will Cross-Chain Innovations Drive Its Price Beyond $12?
- Sep 24, 2024 at 12:15 am
- Chainlink (LINK) has drawn attention due to its regular token unlock events. Despite a recent increase in circulating supply from the 18.75 million LINK tokens unlocked (worth $215 million), on-chain data suggests the possibility of a price rally. History shows that LINK has often seen upward momentum after unlocks, with seven out of the last eight events resulting in gains.
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- POPCAT, BRETT, and FLOKI: Top Meme Coins with Huge Potential Are Currently at Crucial Levels, Making Them Worth Watching
- Sep 24, 2024 at 12:15 am
- Analyzing these coins further could provide valuable insights into potential future movements.
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- Pepe Unchained (PEPU) Plans Turbocharged Layer-2 Network for Meme Coins
- Sep 24, 2024 at 12:15 am
- Pepe Unchained (PEPU) is the talk of the crypto market right now. This new project has already raised $14.7 million in presale, outshining most other early-stage cryptos. With big plans for its own blockchain in the works, can PEPU be the next big meme coin of 2024?
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- Bitcoin Keeps Improving Its Position – $70K A Strong Possibility
- Sep 24, 2024 at 12:15 am
- The crypto market has been turbulent in the last two months. However, we are slowly moving away from this trend. Over the last week or so, almost all major tokens have surged in price – This change in dynamics happened thanks to the FED's decision to cut interest rates last week, which boosted the economy and the crypto market as well.
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- GoodEgg (GEGG), Cardano (ADA), Solana (SOL) Poised for Significant Movements in Q4 2024
- Sep 24, 2024 at 12:15 am
- As we approach the final quarter of 2024, the cryptocurrency landscape is heating up with heightened bullish sentiment surrounding some of the top digital assets in the space. GoodEgg (GEGG), Cardano (ADA), and Solana (SOL) are three cryptos poised to see significant movements as we head into October, November, and December. But with each of these cryptocurrencies offering different value propositions, which one will reign supreme by the end of the year?
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- Cryptocurrency Prices Stay Flat as Traders Adopt Wait-and-See Approach After Fed Decision
- Sep 24, 2024 at 12:15 am
- Bitcoin (BTC) rose to a multi-week high of $64,741 and then quickly pulled back to $63,377 while Ethereum (ETH) rose to $2,680.