With many experts hinting at the coming of an altcoin rally, the Ethereum price is bound to close in on the $5,000 mark, given its reputation as the leading altcoin in the market. Following this price positivity, a new crypto token, WallitIQ (WLTQ) is also primed for a massive 20,000%
The layer-1 blockchain Cardano (ADA) is primed to continue its long-awaited price surge, according to a popular crypto analyst. The digital asset trader Ali Martinez tells his 87,300 followers on the social media platform X that whales and “institutional players” have been buying into the Ethereum (ETH) competitor in anticipation of further price increases. “The The post Cardano Primed To Continue Surging As Whales and Institutions Accumulate ADA, Says Crypto Analyst appeared first on The Daily Hodl .
Solana is booming, with DEX volumes exceeding $10 billion and token burns strengthening its deflationary model.
Avalanche (AVAX) has made a significant move, breaking above a crucial resistance level and soaring over 20% in less than 24 hours. This surge has reignited bullish sentiment among analysts and investors, who are now closely monitoring AVAX’s potential to reach the key $50 mark in the coming days. The breakout signals a shift in market dynamics, with rising demand and growing optimism fueling the price action. Related Reading: Massive Ethereum Buying Spree – Taker Buy Volume hits $1.683B In One Hour Prominent analyst and crypto investor Kaleo shared a detailed technical analysis on X, suggesting that once AVAX surpasses the $50 level, it could trigger a massive rally. He highlighted the importance of this psychological and technical level as a gateway to exponential price growth, potentially attracting more momentum-driven buyers. Avalanche’s recent performance reflects the broader strength of the crypto market, as key altcoins experience renewed interest amid a bullish cycle. With market conditions aligning favorably, AVAX could continue its upward trajectory if it holds above its current levels. However, traders are also cautious and aware of potential profit-taking or resistance near the $50 threshold. Avalanche Prepares For A Rally Avalanche is on the verge of a massive rally, closely following a pattern reminiscent of its last bullish cycle. The price has surged above key supply levels with impressive strength and is now less than 15% away from the critical $50 mark. This level has captured the attention of both traders and analysts, as a breakout above it could signal the start of an aggressive bullish phase. Kaleo recently shared a technical analysis on X, emphasizing the importance of the $50 level. According to Kaleo, breaking this psychological and technical barrier could trigger a powerful rally, potentially doubling AVAX’s value in a short period. He also highlighted the AVAXBTC chart, which shows a similar breakout pattern, confirming the bullish sentiment surrounding Avalanche. Kaleo predicts that AVAX could reach $100 quickly if the momentum continues. Despite the optimism, the potential for a market-wide correction introduces a degree of caution. With Bitcoin showing signs of possible retracement to consolidate and gather momentum, AVAX may face temporary pullbacks. Related Reading: Bitcoin LTHs Start Taking Profits – Metrics Reveal Whales Are Actively Spending However, such corrections could present buying opportunities for those eyeing long-term gains. As Avalanche approaches this pivotal stage, investors are eager to see if it can break above the $50 level and deliver the explosive rally analysts have forecasted. AVAX Testing Fresh Supply Levels Avalanche is trading at $43.6, marking its highest price level since April following a strong breakout above key resistance around $35. This impressive price action has reignited optimism among investors and analysts, with AVAX showing resilience as it pushes toward fresh supply levels. Currently, AVAX appears poised to challenge the critical $50 mark, a psychological and technical level that could determine the next phase of its rally. However, there is a possibility that the token may consolidate below this level in the coming days. Consolidation would allow the market to absorb recent gains and build momentum for a stronger push higher. On the downside, if AVAX struggles to reclaim $50, it could trigger a retrace to lower demand zones, providing the necessary support to fuel its next leg up. Such a pullback would not signal a bearish trend but rather a healthy correction that could strengthen AVAX’s trajectory toward sustained growth. Related Reading: Polkadot Holds Key Demand Level – DOT Could Hit $11 In Coming Weeks As Avalanche continues to climb, investors are closely monitoring price action and volume to assess the likelihood of further upside. The $50 mark remains a critical level to watch, as a successful breakout could pave the way for new highs and solidify AVAX’s bullish momentum. Featured image from Dall-E, chart from TradingView
President Donald could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. President Donald (PRESDON), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days. This is because PRESDON is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, President Donald can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
On November 24th, COINOTAG News reported that the ZKasino team has secured an additional 8 million DAI, aimed at acquiring 2301 ETH. This recent transaction underscores the team’s aggressive investment
On November 24th, COINOTAG News reported a notable event in the crypto space: two dormant Bitcoin addresses, inactive for over 10.6 years, have recently been reactivated. The first address contained
On November 24, COINOTAG reported that Tether Treasury has minted an additional 2 billion USDT on the Ethereum blockchain at approximately 6:08 AM Beijing time. This significant maneuver, tracked by
President-elect Donald Trump has picked Scott Bessent as the new Treasury Secretary. Ripple’s CEO called him “the perfect pick” for advancing crypto and innovation. ‘He Will Be the Most Pro-Innovation, Pro-Crypto Treasury Secretary We’ve Ever Seen’ President-elect Donald Trump has nominated Scott Bessent, known for his support of cryptocurrency innovation, to replace Janet Yellen as
Imagine you’re at the forefront of a financial revolution—standing amidst a bustling crypto market, every coin telling a story of innovation and potential. Ethereum, with its smart contract prowess, fuels countless decentralised apps and protocols. Tether? It’s the go-to stablecoin bridging volatile markets, giving traders a safe harbour. Binance Coin dominates the largest crypto exchange, The post 7 Best Cryptos to Buy in November 2024: What Smart Investors Are Eyeing Now appeared first on Times Tabloid .