Bitcoin announces its dominance with a rebound to $31K as the market continues to repair the losses from last year’s catastrophes. If the market holds strong in the coming days, promising altcoins will bag big returns for investors who seized the opportunities ahead of the herd.
The Road Ahead Looks Bright
Bitcoin is making headlines again. Although the world’s largest digital asset has gained just 2.14% on the weekly chart to touch the $31K mark again, the ripples of excitement are everywhere.
For example, Ethereum gained 4.37% during the same period to reach $1955. Cardano has shot up 5.3% and is on its way to $0.3 at the time of this writing. Solana has outperformed them all with 15% gains on the weekly chart.
Litecoin, on the other hand, deserves a special mention. It ruled the social sentiments last week, breaking past the strong resistance at $100. But the hottest cryptocurrency of this season is Bitcoin Cash, which took the market by surprise with a 143% jump within a month.
According to Rachel Lin, CEO and co-founder of SynFutures, “Enthusiasm for bitcoin is growing, propelled by efforts to revive spot bitcoin ETF applications. Its commanding presence in the crypto market is increasingly evident, making up nearly half of the industry’s $1.2 trillion market cap, the most dominant it’s been in over two years.”
With the SEC woes subsiding and Bitcoin ETF filing gaining momentum, analysts have forecasted a strong altcoin breakout on the horizon. It seems like Bitcoin Cash and Litecoin flashed only a hint of the bull cycle underway. More assets are soon going to follow in their footsteps.
Listed below are two of our top predictions.
Top 2 Altcoins on the Verge of a Breakout
As you will notice, we haven’t listed any high-cap cryptocurrencies. Instead, we have gone for two emerging cryptocurrencies.
The statistical edge of high-cap cryptocurrencies is low since they have largely saturated. New cryptocurrencies underpinned by market-relevant use cases, on the other hand, will benefit from the upcoming rally to strengthen their foothold. More importantly, they have a larger room for growth.
To give you better clarity, the best that high-cap cryptocurrencies on the top-50 chart can do is 100-150% as seen in the case of BCH. Although the coin went on to gain massive market attention, the returns are not comparable to a low-cap asset’s. A promising cryptocurrency awaiting its token launch, in particular, can book anywhere from 500% to 1000% returns even in the most turbulent market conditions. And in the event of a larger market bull run, it can touch anywhere up to 10,000%.
So, here are two cryptocurrencies that can make the best use of the upcoming rally.
1. yPredict – Utility Altcoin to Access Curated Price Predictive Models
Over the last two to three years, the crypto market has become increasingly unpredictable. A closer look at the problem reveals that the overwhelming influx of crypto trading bots and algorithms is to blame. Interestingly, most of these solutions marketed to improve the profitability of investors are manipulated to favor certain assets. Even without that, their saturation has taken away the statistical edge of the market.
We need more advanced products to navigate the market with better certainty and confidence. AI is an excellent tool for this mission, but random bots and algorithms won’t just work anymore. We need to bring back the human touch.
And that’s exactly what has made yPredict popular among investors and traders. It features curated crypto price predictive models developed by the world’s top AI experts, quants, and analysts for monthly subscriptions. Rather than powering a hidden agenda, it allows users to make independent decisions and find their way through the market with deep insights.
The presale of YPRED tokens is now live, opening early access to the project and empowering the community to be a part of its growth. Being a much-awaited utility token with a low initial market cap, YPRED is a solid investment now with the potential to climb anywhere from 15X to 20X on its launch. Token holders can also access the basic tools and functionalities on the platform for free.
🔮 Brace yourself for the ultimate revolution in crypto trading! The visionary team at yPredict is working relentlessly to unleash the next level of innovation. Prepare to meet Alt_Pump_001, our upcoming model set to redefine the way you navigate the market. 🚀
We’re thrilled to… pic.twitter.com/1oWHbAKpSn
— yPredict.ai (@yPredict_ai) June 28, 2023
2. Chimpzee – A Top Contender in the Emerging Green Crypto Market
Chimpzee is a wildlife conservation project but with a twist. The project boosts wildlife conservation initiatives across the world tapping into the decentralized, transparent nature of blockchain technology. It brings more action and accountability to the mission.
At the heart of the project’s action plan is crypto incentivization. Since we humans tend to disregard threats we perceive as distant (the climate crisis being one), we need more than just awareness to act. This is where crypto incentivization comes into play. Chimpzee encourages a wide range of demographics to join its mission through its shop2earn, trade2earn, and play2earn platforms.
The CHMPZ presale is now live, opening early investment access to the green crypto sector, which is back in the spotlight. They have better scope for widespread adoption, set off by brand and celebrity involvement when compared to other altcoins. The potential ROI of CHMPZ is in four digits, as a result.
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