The cryptocurrency market has seen a negative price action with major crypto tokens seeing a decline in their respective portfolios. Also, the market leader, Bitcoin price has dropped by $1 and is currently trading with a price tag of around $66,500.

Layer Zero later showed similar price action as it recorded a decline in its portfolio in the past few hours. With rising volatility, will ZRO price regain momentum and record a new all-time high (ATH) in the coming weeks?

Layer Zero (ZRO) Price Action:

Despite a decline of about 5% in the last day with a trading volume of $280.55 million, the ZRO price is up 16.72% in the last seven days and 82.74% since its inception.

TradingView: ZRO/USDT exchange rate

With a trading price of $4,943, a circulating supply of 110 million ZRO tokens, and a total supply of 1 billion tokens, Layer Zero price has secured the 120th position with a market cap of $530.082 billion.

The SMA technical indicator shows a potential bullish convergence in the 1D time frame, suggesting growing bullish sentiment in the cryptocurrency sector.

Furthermore, the Moving Average Convergence Divergence (MACD) shows a steady decline in the red histogram with its averages recording a declining bearish sentiment. This highlights a high possibility of a bullish reversal in the near future.

Will ZRO Price Hit New All-Time High This Month?

If the market regains momentum, Layer Zero price will prepare to test its all-time high (ATH) of $5,570 in the coming weeks.

On the contrary, if the bears regain momentum, ZRO price will retest its $4,525 support level. Also, if the bears continue to dominate the market, Layer Zero price will plummet towards its lower $3.50 support level in the near future.

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Litecoin [LTC] and Dogecoin [DOGE] have emerged as the major players among the altcoin crew in attracting significant amounts of non-empty wallets or holders. This underscores the growing interest of investors in these alternative cryptocurrencies. Santiment, a leading data analytics platform, observed the trend in a ten-year study.

The report shows that Litecoin, often dubbed as the “silver of Bitcoin,” held the highest number of holders with a whopping 8.08 million non-empty wallets. On the other hand, Dogecoin, the oldest meme-coin cryptocurrency, secured the second position with 6.69 million wallets.

Recently, LTC has processed an average of $2.85 billion in transactions over $100,000 per day, according to data from IntoTheBlock. This represents over 50% of Litecoin’s market cap, a significant milestone among Layer 1 protocols.

In contrast, Dogecoin, despite boasting nearly three times the market cap of Litecoin, only handles $590 million in large transactions. This disparity highlights LTC’s appeal to large-scale investors and the growing activity of whales within its network.

Analysts attribute the increase in high-value transactions to growing confidence in Litecoin’s stability and utility as a trusted digital currency.

Litecoin: Shiba Inu joins the group

Other notable altcoins that have shown robust growth include Exchange rate risk which stands at 5.24 million wallets, while Cardano [ADA] contains 4.48 million of them. Another meme coin that made it to the list is Shiba Inu [SHIB]collecting 1.39 million non-empty wallets. Chainlink also [LINK]A decentralized blockchain oracle network has achieved a whopping 722,000 non-empty wallets. All these numbers indicate investor interest in utility-oriented altcoins.

A surge in non-empty wallets reflects an increase in altcoin adoption. Several factors could be driving this trend, including ease of use, lower transaction fees, and diversification. While the data suggests a promising development, it is important to note that non-empty wallets do not necessarily equate to active users. It is also critical to understand the levels of engagement and overall investment activity within these altcoin communities.

Overall, the rise of non-empty wallets paints a positive picture for the altcoin market. As the cryptocurrency ecosystem continues to gain traction, it will be interesting to see how these trends play out and how altcoins fit into the broader financial landscape.

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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only.

Leading cryptocurrency analysts are predicting a 30-fold rally for ETFSwap (ETFS), Optimism (OP), and BLAST, promising substantial gains for investors before the end of the year.

ETFSwap (ETFS), Optimism (OP), and BLAST are three bullish altcoins that, according to popular cryptocurrency analysts, are expected to increase 30-fold and expand the portfolios of smart investors who aim to earn life-changing money before the end of the year.

ETFSwap 30x Pre-Sale Token Will Kick Off Altcoin Bull Rally Later This Year

ETF Swap (ETF) The defi token sale at $0.01831 in its viral pre-sale has been hyped by popular cryptocurrency analysts to scale $1,000 investments of smart investors into $30,000, having identified its 30x potential among altcoins, including Optimism and BLAST. The ETFS defi token is built to scale and experience mega rallies, as it is a utility altcoin leveraged by smart crypto investors who trade it with the most sought-after tokenized ETFs listed on its defi trading platform.

Some of the industry’s best tokenized ETFs listed for trading on the defi platform include spot Bitcoin, commodities, stocks, bonds, leveraged, market, and fixed income ETFs, among others. In addition to these valuable tokenized ETF investments, the defi platform lists various profitable altcoin pairs that can yield high returns for crypto traders when traded on futures and perpetual contracts. Smart crypto investors and institutional traders are widely using the defi platform with ample liquidity as it offers a provisional leverage of 100x to easily flip investment profits up to 54,000%.

ETFSwap is a multi-faceted investment platform that allows smart crypto investors to trade their favorite altcoin holdings in defi mode. It also allows them to stake their tokenized ETFs on the defi platform and earn passive income from the returns. Smart traders and loyal investors enjoy 87% APR rewards when they provide instant liquidity to the defi platform by staking their assets. They also become part of the tokenization revolution and tap into a $10 trillion ETF economy when they tokenize their valuable real-world assets and trade them on-chain.

The defi platform is trustless and permissionless, allowing crypto investors to fully manage their asset portfolios, transfer unlimited liquidity volumes, and enter into multiple trading positions at will. Crypto investors and traders leverage a defi platform that operates 24 hours a day with full coverage of global financial markets. ETFSwap ensures complete investment protection for smart crypto investors, including veteran traders and small investors, as its defi platform is free from security vulnerabilities.

Leading global security audit firm CyberScope has verified ETFSwap as a highly secure investment platform and ranks it above its competitors. The developers and contributors to ETFSwap’s defi platform have also completed the necessary Quality check SolidProof checks.

Optimism among watchlist altcoins that could boost investment returns up to 30 times

Optimism is the main headline in altcoin news, including ETFSwap and BLAST, which analysts say could add 30-fold to cryptocurrency investor returns in the final quarter of 2024. Altcoin Optimism has gained a lot of popularity and investment attention in the cryptocurrency community, since it was created as a utility token on its own layer-2 blockchain network running on Ethereum.

The Optimism layer 2 blockchain-native altcoin, trading at $1.84, presents a huge investment opportunity as leading analysts predict it will edge behind defi token ETFS in terms of earnings for smart investors.

BLAST Could Bring 30X Rally Surprises to Investors

Altcoin BLAST, considered an underdog by analysts, has the potential to generate 30-fold gains for investors, along with ETFSwap and Optimism, before the end of the year.

The BLAST token runs on its own layer 2 blockchain platform and boasts of being the only L2 platform that offers native yield for stablecoins and ETH. Leading analysts predict that the BLAST token will trade at $0.017 to gain momentum when the ETFS token rallies 30x in the coming months.

Conclusion

ETFSwap’s viral ICO presents a golden investment opportunity for crypto investors looking to make substantial gains before the end of the year. Leading analysts are touting a 30x rally from its undervalued price of $0.01831 alongside altcoins Optimism and BLAST.

To learn more about the ETFS pre-sale, Visit ETFSwap Pre-Sale AND Join the ETFSwap community

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should do their own research before taking any actions related to the company.

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Famous altcoin trader and analyst Captain Faibik expected a huge bull run for altcoins similar to the first quarter of the year 2024. In X’s recent post, the analyst pointed out that the altcoin market is about to experience a major surge.

Captain Faibik focused on the fact that it is necessary to accumulate and hold altcoins, patience will bring results. As Faibik pointed out, most of the altcoins have hit their lowest value and are expected to rise sharply in the coming days. He said that the months of August and September could be a decisive time for altcoins.

This belief of Faibik echoes the general consensus in the markets that the prices of alternative currencies could soon increase. Current market trends suggest that altcoins are in the recovery phase, with many of them already showing positive trends. This expected rally maintains the previous positive trends seen during the year.

Key Trends Signaling Altcoin Surge

Faibik’s analysis involves identifying trends within the market and the actions of different altcoins. He said that the prevailing market situation resembles that of the period before the surge in the first half of 2024. This similarity implies that those investors who stick to their positions and do not rush to sell could make huge profits.

The growing interest of institutional investors also portrays the optimism of investors in digital currencies. Thanks to the growing interest of conventional financial institutions in the cryptocurrency market, many more coins are being recognized and are able to gather substantial investments. This increase in investments is expected to push up the prices of coins and, therefore, stimulate the expected rally.

Despite the volatility in the cryptocurrency market, Faibik remains positive, which is something many investors need in these times. His advice to accumulate and hold altcoins translates to the trading advice of experienced traders who always advise traders to invest in cryptocurrencies with a long-term market perspective.

Captain Faibik’s call regarding the epic altcoin rally in August and September has energized the crypto community. Therefore, as the market situation changes, investors are advised to follow the market dynamics and be aware of the news. According to Faibik’s idea, the coming months could bring a lot of interest for altcoin investors.

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