2024-6-6 14:30 |
Binance Coin (BNB) has broken its all-time high (ATH), indicating a potential wave of bullish momentum for Ethereum (ETH) and altcoins. According to analyst Reflection, who has scanned over 400 charts, ETH will be the next major cryptocurrency to follow BNB’s lead, with altcoins expected to go parabolic in the coming weeks.
Reflection believes that the approval of the Ethereum ETF will bring a massive influx of new liquidity into the cryptocurrency market. This increased liquidity is expected to attract new buyers, generate more attention, and ultimately lead to a state of total euphoria in the market.
With ETH still trading below its ATH, the analyst suggests that now might be the last chance for investors to enter the market early and capitalize on the potential upside.
ETH/BTC Ratio Highlights Profitable Opportunities
The ETH/BTC chart, according to Reflection, demonstrates the benefits of purchasing ETH over BTC. As buying ETH becomes more profitable, the same holds true for investing in altcoins. The analyst believes that the market has reached the bottom of the current cycle, setting the stage for ETH to explode in the near future.
.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
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Show more +Show less – Top 7 Altcoins Poised for Major GrowthAfter analyzing over 400 charts, Reflection has identified 7 promising altcoins that are expected to print hard during the summer:
Popcat ($POPCAT) – An internet meme with great potential to become iconic. Price: $0.5098, 24h Volume: $21.8M. Reflection mentioned calling $POPCAT at $25M, and it has now reached $501M. Zero1 Labs ($DEAI) – A complete solution for DeAI developers, with few competitors. Market Cap: $70.9M, Price: $0.6377. Laika AI ($LKI) – A revolutionary browser extension integrating advanced on-chain AI tools. Initial Market Cap: $1.37M. Mother ($MOTHER) – The most hyped celebrity meme coin, created by Iggy Azalea. Market Cap: $104M, Price: $0.1057. Crodie ($CRODIE) – The premier luxury cat brand of Solana, associated with Drake’s cat. Market Cap: $6.1M, Price: $0.0063. Mini Gang ($MINI) – The miniest meme in the memecoin minisystem. Market Cap: $13.3M, Price: $0.0152.While the insights provided by analysts like Reflection can be valuable, they should not be considered financial advice, and investors should always prioritize risk management and diversification.
Read more: Dogecoin Rising Wedge Pattern Suggests Potential Breakout: DOGE Could Spike To $10
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The post Top 6 Cryptocurrencies Set to Surge in 2024 as Ethereum (ETH) Approaches a New All-Time High appeared first on CaptainAltcoin.
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