There is important news for 5 altcoins on Binance. Moreover, there is an influx of investors. On the other hand, the crypto money market has been going through a difficult process recently. However, the influx of investors will provide an opportunity to pass this difficult process. So which altcoins can be flooded with investors? Let’s look at our article.
Ethereum, the first favorite altcoin in the influx of investors
The first popular altcoin in the flock is Ethereum. In a new strategy session, DonAlt, famous for his predictions, addresses 51,300 YouTube subscribers. Accordingly, he says what ETH bulls should do to give impetus to the leading smart contract platform. Accordingly, the bulls need to clear the resistance at $1,940.
According to DonAlt, a break above $1,940 will push Ethereum to the last level of early May 2022. During this period, the explosion of the Terra (LUNA) ecosystem took place. After the market crash, cryptocurrencies lost value significantly. Ethereum had its share of this. Ethereum was at $2,500 at that time.
Waiting for a Rebound for PEPE?
Amid the recent market volatility, there has been some hope for altcoin PEPE enthusiasts. The latest price report on PEPE moved as buyers seized the opportunity to maximize their investment. Accordingly, a strong rise from the $0.00000084 support level created some excitement.
The rise in the value of altcoin PEPE coincided with the rise in Bitcoin. This was a bit of a trigger and provided additional incentive to PEPE bulls. As a result, investors are now speculating on the potential for further price increases in the short term. CoinGecko says that as of the last update, the price of PEPE has climbed to $0.0000009421. In addition, this increase means an increase of about 10% on a weekly basis.
SHIB rises to first place in terms of social and market activities
Amid the impressive price jump, altcoin Shiba Inu rose to number one based on crypto social and market activity among the top 4,481 coins tracked by blockchain intelligence platform LunarCrush. SHIB’s social volume has reached 13,100. In addition, according to the 1-day data received on June 18, the number of social interactions reached 193,858,991. On the other hand, 32.38% of investors who bought SHIB for between $0.000006 and $0.000008 are currently in profit. However, 66.54% are still in loss.
After the remarkable breakout, more than 1 trillion altcoin SHIB tokens went from loss to profit. This shows the magnitude of the rally that the cryptocurrency is experiencing. On a weekly basis, SHIB gained more than 11%, marking a significant price increase from $0.00000656 to $0.00000725. On the other hand, it added approximately $1 billion to its market capitalization during this time.
Is this the bottom point for altcoin Cardano?
The underlying fundamentals of altcoin Cardano are actually better than they have been in a while. This explains why Cardano has risen 80% since earlier this year. Investors have seen real and tangible efforts to boost the blockchain’s long-term growth prospects. A good example here is Cardano’s implementation of new DeFi initiatives. At the same time, the key metrics used to measure DeFi strength (such as total locked value, or TVL) began to rise to new heights.
Just this month, Cardano’s TVL value reached $125 million, equivalent to 500 million Cardano tokens. These data show that the coming days are full of hope for Cardano. However, it is also useful to take into account the editor view. cryptocoin.com Regulatory anxiety continues. On the other hand, there is growth in non-exchangeable tokens (NFTs) in the ecosystem. There is also growth in DeFi and overall transaction volume is rising.
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