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These Two Altcoins Poised to Skyrocket by 300% Next Year, Analysts Say
Sep 16, 2024
Two unlikely crypto contenders are turning heads in the market. Analysts are hyping up Sui and Mpeppe for potential triple-digit gains, Bitcoinist points out. Sui, a Layer-1 blockchain, is making waves with its recent upgrades. It's slashed transaction times to a mere 390 milliseconds. That's lightning-fast in the crypto world. Mpeppe, on the other hand, is killing it in the casino ICO space. It's already sold 80% of its presale tokens. Investors are chomping at the bit for more. The numbers being thrown around are eye-watering. Analysts predict a 300% rally for both tokens by 2024. But that's not all. They're forecasting a whopping 500% increase by 2025. Sui is currently trading between $0.731 and $1.171, experts reckon it's on the verge of a breakout. If it pushes past $1.171, we could see a quick 37% jump. Mpeppe has become a real surprise in the gambling world. It's leveraging blockchain tech to shake up online casinos. Some optimistic souls are even talking about 150x gains post-launch. The bullish sentiment isn't just hot air. Both projects have solid fundamentals backing them up. Sui's tech advancements are no joke. Mpeppe's focus on the booming gambling industry is smart. For investors, it's a tempting combo. Sui offers blockchain innovation, Mpeppe brings the excitement of casino gaming. Together, they're a potent mix. But let's keep it real. Crypto is volatile, and these predictions are ambitious. There's always risk involved. Do your homework before jumping in. That said, the potential is undeniable. If you're looking to spice up your portfolio, Sui and Mpeppe might be worth a punt. Just don't bet the farm on it.
Cardano Blockchain Heads for Its Biggest Upgrade in Two Years: The 'Chang Hard Fork'
Aug 30, 2024
Cardano is gearing up for its biggest upgrade in two years. The "Chang hard fork" will reshape the network's structure. It'll introduce on-chain governance features. Cardano launched in 2017. Ethereum co-founder Charles Hoskinson created it. Now the biggest upgrade of the network was set for this week. But Hoskinson pushed it back to September 1. "The magic of deadlines is that people who aren't taking upgrades seriously suddenly say damn we got to get moving," Hoskinson wrote on X. Some exchanges needed more prep time. Binance was one of them. The delay's got folks talking. Cardano's not the biggest player in town. It ranks 30th by DeFILlama's standards. But crypto circles keep a close eye on it. Hoskinson's a bit of a celebrity in the space. He's all over videos and podcasts. A hard fork's a big deal in blockchain. It invalidates older versions. Sometimes it causes drama. Often it's planned. This one's bringing major changes for users and devs. The upgrade's main gig? On-chain governance. ADA token holders will elect representatives. They'll vote on proposals and technical changes. It's a whole new ballgame. "This will mark the first step towards a minimum-viable community-run governance structure," the Cardano Foundation said. They're pretty stoked about it. Cardano's got a history of taking its sweet time. It added smart contracts back in 2021. That was a game-changer. Now, it's pushing the envelope again. The project's been a dark horse in crypto. Some call it the "Ethereum killer". Others say it's all hype. But Cardano's stuck to its guns. It's focused on peer-reviewed research and gradual development. This upgrade's part of the Voltaire Era. It's the final stage of Cardano's roadmap. The goal? A self-sustaining system. No training wheels needed. CIP-1694's at the heart of it all. It's introducing new governing structures. There's a Constitutional Committee, delegate reps, and stake pool operators. Once it's live, the community's in charge. Cardano's aiming to shake things up. It wants to prove that slow and steady wins the race. The Chang fork could be its make-or-break moment. For the crypto market, Cardano's move is significant. It's pushing the boundaries of decentralized governance. If it works, other projects might follow suit. But it's not all smooth sailing. Critics say Cardano's too academic. They argue it's lost ground to faster-moving competitors. The project's betting big on this upgrade to silence the naysayers. In the end, it's a bold move. Cardano's putting its fate in the community's hands. It's either gonna be a massive flop or a game-changer for the whole industry. Only time will tell.
Hedge Fund CEO Hails Solana as 'Fastest Horse in Crypto' Amid Modest Gains
Aug 19, 2024
Solana's price ticked up 0.5% to $142.59 in the past 24 hours. This follows Asymmetric founder Joe McCann's bold claim about the cryptocurrency. McCann praised Solana on Wealthion's Speak Up podcast. He told host Anthony Scaramucci that Solana has "flipped every metric associated with Ethereum". The hedge fund CEO didn't mince words. He argued Solana is "so cheap and fast [it] will enable use cases that are literally impossible on Ethereum in its current state". These bullish comments come despite Solana's recent dip. The token is down 3% over the week. However, it's up 16% in a fortnight and a whopping 550% over the past year. McCann's not new to the Solana hype train. Asymmetric received financial backing from Solana's founder, Anatoly Yakovenko, in a $1 billion raise back in 2022. In his chat with Scaramucci, McCann dropped another bombshell. He claimed Solana is outperforming Ethereum at just "20% of the value". Doing some quick math, McCann suggested Solana's potential. "If Ethereum is going, you know, two and a half [or] 3x from here, Solana's got to be four or 5x as well," he said. That's some serious growth potential. We're talking a price range of $560 to $710 for SOL. McCann didn't give a specific timeline, though. Looking at SOL's chart, that range seems a bit far-fetched right now. We're probably a year out, at least. But hey, stranger things have happened in crypto. McCann's not alone in his Solana enthusiasm. With big players backing SOL, it'd be foolish to bet against it. So, is Solana really the fastest horse in the crypto race? Only time will tell. But one thing's for sure – it's definitely one to watch.
DeFi Tokens AAVE and CRV Spark Bullish Sentiment - Analyst
Aug 19, 2024
A popular crypto analyst is bullish on two decentralized finance (DeFi) tokens. The pseudonymous trader, known as The Crypto Dog, has his eye on AAVE and Curve DAO (CRV). Both have gained not too much attention in the recent weeks, being completely overshadowed by scandalous meme coins, XRP vs SEC case, Bitcoin ups and downs, Ethereum useless efforts to rise again, and other hurdles. AAVE, the governance token of a DeFi lending protocol, is looking primed for a rally. The Crypto Dog shared a chart with his 809,500 X followers. He showed AAVE retesting $107 as support. "Think that's gonna moon," he quipped. AAVE was trading at $111.62 at press time. It's down slightly over 24 hours. But it's up over 46% since its August 5th low of about $75. The analyst reckons CRV might follow AAVE's lead. He's watching the AAVE/BTC pair for clues. "Finally, CRV comes to life," he noted. "BTC near resistance, strong alts break out." He advised traders to focus on altcoins showing strength against Bitcoin. "Pay attention to ratio pair strength," he said. "Ignore alts that can't pump against BTC." CRV was trading at $0.313 when we checked. It's down over 3% in a day. But it's up more than 70% from its August 5th low of around $0.18. Despite his optimism, The Crypto Dog isn't all sunshine and rainbows. He warns that altcoins look shaky right now. "About to rebuy alts because if they don't bounce here, I think they're going to hades," he said. The DeFi market is known for its volatility. These predictions should be taken with a pinch of salt. As always, do your own research before diving in.
Ethereum Stumbles and Can't Keep Up With Bitcoin and Solana, ETFs Are No Help
Aug 12, 2024
Ethereum's recent performance has raised eyebrows. Despite its Wall Street debut, ETH has struggled to keep pace with competitors. The crypto market took a nosedive on Sunday. ETH-to-BTC conversion ratio hit a yearly low of 0.041. Digital assets have since rebounded. Yet, the ratio remains at 0.043. This trend bucks expectations. Typically, altcoins outperform Bitcoin in bull markets. Capital often flows from Bitcoin to riskier assets. This held true for Solana and meme coins like PEPE and WIF. Ethereum, however, didn't follow suit. Financial analyst Wesley Kress tweeted his concerns. "Ethereum is trading horribly this cycle," he wrote. "People are realizing it's not the future." Not everyone shares this pessimism. Some analysts believe time will favor Ethereum. They argue the new Ethereum spot ETFs need time to take effect. Crypto influencer Crypto Kaleo offered perspective. He noted Ethereum ETFs have been live for just twelve days. This mirrors Bitcoin's post-ETF timeline before its rebound in January. ETFs should theoretically boost ETH's price. They allow institutions previously barred by regulations to invest in Ethereum. But the reality might be more complex. Jonathan Bier, FarsideUK CIO, shared insights with Decrypt. "Much of the success will be driven by people and entities shifting their existing [Ethereum Trust] holdings into ETFs," he said. Bier pointed out that Grayscale's Ethereum unwind could be more severe than its Bitcoin counterpart. Investors face capital gains taxes when selling Ethereum Trust shares. "At the same time Ethereum investors are always looking for the latest thing with the newest tech," Bier added. "They're less loyal than Bitcoin investors." Solana has been nipping at Ethereum's heels. It overtook Ethereum in total transaction fees in late July. This marked a first for the upstart blockchain. On-chain metrics paint a mixed picture for ETH. CryptoQuant data shows Bitcoin's "realized capitalization" rose by $187 billion this year. Ethereum's increased by $127 billion. Julio Moreno, CryptoQuant's Head of Research, told Decrypt, "Bitcoin has overperformed Ethereum in certain network fundamental metrics." He noted a decline in the ratio of Ethereum to Bitcoin transactions, mirroring the ETH/BTC price ratio drop. The crypto world is a rollercoaster. Ethereum's current slump might be temporary. But it's clear the blockchain giant faces stiff competition. Investors are watching closely. The next few months could be make-or-break for Ethereum's market position.

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