Bitcoin’s range-bound price action could lead traders to focus on NEAR, AR, CORE and BONK.
Wetradelive
Bitcoin and altcoins are projected to reenter bullish upside on longer timeframes, with the signs becoming clear despite consolidatory BTC price action.
Recent regulatory action against Consensys and Samourai has instilled fear among other crypto service providers operating in the United States.
Ethereum supply is inflating despite relatively high throughput. Average fee has nosedived to $1.12 per transaction, lowest since October. Ether sustained above $3,200 on Sunday, up 4% in the past seven days. Ethereum’s high transaction fees has been a sticky issue for the blockchain in the past. This led to Layer 2 chains and scaling
Solana and Base-based and AI meme coins have seen a resurgence in their price in the past day. Venture Capitalists and crypto funds have expressed interest in meme coins and the total market cap has crossed $51.47 billion. Crypto analyst predicted meme coin supercycle citing interest from hedge funds. Meme coins are typically considered more
The Real World Asset sector has garnered attention and mentions from crypto analysts, the narrative is making a comeback. Tokens CFG, ONDO, MKR and others have seen up to 50% corrections recently. Several top RWA projects are in the Solana ecosystem. Bitcoin halving and developments in the AI sector are the key narratives this cycle.
Crypto analyst Thor Hartvigsen calculated the Fully Diluted Valuation of altcoins and identified tokens that could face selling pressure. Hartvigsen noted that four months into 2024, there is a massive increase in the supply of several altcoins. New tokens expected to be launched this year, alongside unlocks could push supply higher. Thor Hartvigsen, investor at