Trader Says Altcoins Ready To Witness Next Push to the Upside, Predicts Rallies for Chainlink Challe
A widely followed crypto analyst says altcoins are ready for the next big leg up while predicting a huge rally for one Chainlink (LINK) competitor.
In a new thread, crypto strategist Michaël van de Poppe tells his 692,000 followers on the social media platform X that altcoins could double up in the coming months.
The Daily Hodl
Trader Says Altcoins Ready To Witness Next Push to the Upside, Predicts Rallies for Chainlink Challenger
Mehron Rokhy February 5, 2024
A widely followed crypto analyst says altcoins are ready for the next big leg up while predicting a huge rally for one Chainlink (LINK) competitor.
In a new thread, crypto strategist Michaël van de Poppe tells his 692,000 followers on the social media platform X that altcoins could double up in the coming months.
Van de Poppe says the TOTAL3 chart, which tracks the total market cap of all crypto excluding Bitcoin (BTC) and Ethereum (ETH), appears to have printed a bullish higher low setup at around $450 billion.
“Altcoins are ready to have their next push and could possibly go 2x in the next months. Crucial areas holding, through which a higher low is established and the next push could start.”
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At time of writing, TOTAL3 is trading at $481 billion.
Van de Poppe goes on to say that he believes Bitcoin will rally to the $48,000 to $50,000 level before its April halving when BTC miners’ rewards are cut in half.
After the rally, the analyst predicts that Bitcoin will witness a correction down to $38,000, which he notes will give altcoins the room to make a new run to the upside.
“My general theory is that Bitcoin is consolidating in the coming months. Pre-halving a final run towards resistance at $48,000-50,000, after that another correction to $36,000-38,000 and from there altcoins to continue outperforming Bitcoin.”
Bitcoin is trading for $42,686 at time of writing.
Concluding his analysis with Chainlink rival API3 (API3), Van de Poppe says that the decentralized oracle provider is “waking up” and heading toward a price tag of between $4.60 and $4.80 as long as it can maintain its support around $2.50.
“Oracles are starting to fire up, as PYTH and LINK have been showing a tremendous amount of momentum. API3 is also waking up, as we can see with the recent push. As long as it stays above $2.50, I think a rally to $4.60-$4.80 is possible.”
2 Cryptos to Double in Just 8 Days
CryptocurrencyLatest News
2 Cryptos to Double in Just 8 Days
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Market Trends
February 5, 2024 3 mins read
Top 5 Tokens to Pump in 2024
Get ready for an exhilarating ride in the world of cryptocurrencies as two contenders, Retik Finance and Shiba Inu, take centre stage, promising to double in value within a mere eight days. The crypto-sphere is buzzing with anticipation, and investors are eyeing these dynamic assets for potentially astronomical gains. Retik Finance, with its innovative approach to bridging the gap between traditional fiat and crypto realms, and Shiba Inu, riding the meme coin wave, are captivating the market’s attention. Buckle up as we delve into the unique dynamics of these cryptocurrencies and explore the thrilling possibilities that lie ahead in the next eight days.
Retik Finance (RETIK): The Rising Star
Retik Finance, a revolutionary blockchain project, has positioned itself as a strong contender to double in value within eight days. Launched to bridge the gap between the cryptocurrency and traditional fiat worlds, Retik Finance has quickly become a focal point for investors seeking early entry into what many believe could be a groundbreaking project. The appeal of Retik Finance lies in its innovative approach to seamlessly integrate cryptocurrency into the global payment macroeconomy. Leveraging cutting-edge technologies such as decentralised smart contracts and blockchain consensus mechanisms, Retik Finance empowers participants in both the fiat and crypto ecosystems with swift, secure, and convenient global payment solutions. The ongoing presale of Retik Finance has been structured across ten stages, each offering varying token prices. This approach ensures a diverse range of participants and a fair distribution of tokens. The presale’s multi-stage structure caters to various investment strategies, allowing investors to engage at different price levels. What has truly fueled Retik Finance’s momentum is the strong community support it has garnered. The project is currently in stage 8 and is 90.40% done with its fundraising and token allocation. However, the rapid influx of $4 million in capital raised by Retik within a week to roundup is presale stage 7 underscores the belief that Retik Finance has the potential to double in value within the next eight days. The project’s capabilities, ranging from open and scalable consensus protocols to lightning network technology for real-time transactions, position Retik Finance at the forefront of transformative developments in the cryptocurrency space. With a robust team comprising payment industry veterans and a strategic focus on addressing the demand for speed, convenience, safety, and security, Retik Finance emerges as a cryptocurrency with the potential for significant short-term gains.
CryptocurrencyLatest News
2 Cryptos to Double in Just 8 Days
Avatar photo
Market Trends
February 5, 2024 3 mins read
Top 5 Tokens to Pump in 2024
Get ready for an exhilarating ride in the world of cryptocurrencies as two contenders, Retik Finance and Shiba Inu, take centre stage, promising to double in value within a mere eight days. The crypto-sphere is buzzing with anticipation, and investors are eyeing these dynamic assets for potentially astronomical gains. Retik Finance, with its innovative approach to bridging the gap between traditional fiat and crypto realms, and Shiba Inu, riding the meme coin wave, are captivating the market’s attention. Buckle up as we delve into the unique dynamics of these cryptocurrencies and explore the thrilling possibilities that lie ahead in the next eight days.
Retik Finance (RETIK): The Rising Star
Retik Finance, a revolutionary blockchain project, has positioned itself as a strong contender to double in value within eight days. Launched to bridge the gap between the cryptocurrency and traditional fiat worlds, Retik Finance has quickly become a focal point for investors seeking early entry into what many believe could be a groundbreaking project. The appeal of Retik Finance lies in its innovative approach to seamlessly integrate cryptocurrency into the global payment macroeconomy. Leveraging cutting-edge technologies such as decentralised smart contracts and blockchain consensus mechanisms, Retik Finance empowers participants in both the fiat and crypto ecosystems with swift, secure, and convenient global payment solutions. The ongoing presale of Retik Finance has been structured across ten stages, each offering varying token prices. This approach ensures a diverse range of participants and a fair distribution of tokens. The presale’s multi-stage structure caters to various investment strategies, allowing investors to engage at different price levels. What has truly fueled Retik Finance’s momentum is the strong community support it has garnered. The project is currently in stage 8 and is 90.40% done with its fundraising and token allocation. However, the rapid influx of $4 million in capital raised by Retik within a week to roundup is presale stage 7 underscores the belief that Retik Finance has the potential to double in value within the next eight days. The project’s capabilities, ranging from open and scalable consensus protocols to lightning network technology for real-time transactions, position Retik Finance at the forefront of transformative developments in the cryptocurrency space. With a robust team comprising payment industry veterans and a strategic focus on addressing the demand for speed, convenience, safety, and security, Retik Finance emerges as a cryptocurrency with the potential for significant short-term gains.
Retik Finance
Shiba Inu (SHIB): Riding the Meme Coin Wave
Shiba Inu, a meme cryptocurrency stormed into the scene in 2020, is another contender for doubling in value within eight days. Drawing inspiration from Dogecoin, Shiba Inu features the iconic Shiba Inu dog breed in its branding and operates as an ERC-20 token on the Ethereum blockchain. In 2021, Shiba Inu saw a meteoric rise in popularity, becoming the second-largest meme coin by market cap, trailing only behind Dogecoin. The token’s popularity was further fueled by the TD Sequential Indicator, a reliable predictor of Shiba Inu’s movements, flashing a buy signal. This indicator suggested an imminent upswing in SHIB’s value, contributing to the coin’s spike in market cap. The surge in whale activity added fuel to the Shiba Inu frenzy. Large wallets engaged in transactions exceeding $80 million within a mere 24 hours, signalling heightened interest and substantial investments in the popular meme token. This surge in whale activity reflected a growing confidence among investors in Shiba Inu’s potential for significant returns. Simultaneously, Shiba Inu’s market dynamics saw efforts to influence its value, including a decline in the SHIB burn rate. The burn rate, a strategic move aimed at driving the meme coin to new all-time highs, experienced a significant drop within the last 24 hours. This decline, coupled with the link between the burn rate and SHIB’s market price, presents an interesting dynamic that investors are closely monitoring. Since 2021, half of the quadrillion SHIB supply has been securely locked in unspendable blockchain wallets. However, a substantial amount of Shiba Inu, held by various investors, is still in circulation. The current market conditions, as evidenced by the decline in SHIB’s value, present an opportunity for investors to capitalise on the potential for Shiba Inu to double in value within the next eight days.
Conclusion
In the fast-paced world of cryptocurrencies, Retik Finance and Shiba Inu have emerged as compelling contenders, capturing investors’ attention with the promise of doubling in just eight days. Retik Finance’s groundbreaking approach to seamlessly integrate fiat and crypto and Shiba Inu’s meteoric rise fueled by meme coin mania showcase the diverse opportunities within this dynamic market. As these cryptocurrencies stand on the precipice of potential gains, the next eight days are poised to be a thrilling journey for investors seeking rapid returns.
